\6/ If displayed gross, reclassification adjustments are reported
separately from other changes in the respective balance; thus, the
total change is reported as two amounts. If displayed net,
reclassification adjustments are combined with other changes in the
balance; thus, the total change is reported as a single amount.
21. An enterprise shall not determine a reclassification adjustment for
minimum pension liability adjustments. Therefore, an enterprise shall use
a net display for that classification.
Alternative Formats for Reporting Comprehensive Income
22. An enterprise shall display comprehensive income and its components in
a financial statement that is displayed with the same prominence as other
financial statements that constitute a full set of financial statements.
This Statement does not require a specific format for that financial
statement but requires that an enterprise display net income as a component
of comprehensive income in that financial statement. Appendix B provides
illustrations of the components of other comprehensive income and total
comprehensive income being reported below the total for net income in a
statement that reports results of operations, in a separate statement of
comprehensive income that begins with net income, and in a statement of
changes in equity.
23. Although this Statement does not require a specific format for
displaying comprehensive income and its components, the Board encourages an
enterprise to display the components of other comprehensive income and
total comprehensive income below the total for net income in a statement
that reports results of operations or in a separate statement of
comprehensive income that begins with net income.
24. An enterprise may display components of other comprehensive income
either (a) net of related tax effects or (b) before related tax effects
with one amount shown for the aggregate income tax expense or benefit
related to the total of other comprehensive income items.
25. An enterprise shall disclose the amount of income tax expense or
benefit allocated to each component of other comprehensive income,
including reclassification adjustments, either on the face of the statement