Examples of OCI in a sentence
For assets measured at fair value, gains and losses will either be recorded in profit or loss or OCI.
Current tax items are recognised in correlation to the underlying transaction either in OCI or directly in equity.
Deferred tax items are recognised in correlation to the underlying transaction either in OCI or directly in equity.
In order for a financial asset to be classified and measured at amortised cost or fair value through OCI, it needs to give rise to cash flows that are ‘solely payments of principal and interest (SPPI)’ on the principal amount outstanding.
When the financial asset is derecognised, the cumulative gain or loss previously recognised in OCI is reclassified from equity to profit or loss and recognised in other gains/(losses).