Statement of comprehensive income

**Statement of Comprehensive Income: An Overview**

The Statement of Comprehensive Income is a financial statement that shows a company’s overall financial performance over a specific period. It includes both net income from regular operations and other comprehensive income, which captures gains and losses that are not recognized in the profit and loss statement. These additional items typically include changes in the value of certain financial instruments, foreign currency translation adjustments, and actuarial gains or losses on defined benefit pension plans. This statement gives a broader perspective on a company’s financial health beyond just operational performance.

The statement is divided into two key sections: profit or loss, and other comprehensive income. The profit or loss section presents the company’s revenues, expenses, and resulting net income or loss, while other comprehensive income reflects unrealized gains and losses that may affect equity but not current earnings. By analyzing the Statement of Comprehensive Income, stakeholders gain a more comprehensive view of the company’s profitability and its financial results that could impact long-term financial stability and shareholder value.