BC45 To achieve the objective of financial statements (discussed in paragraph BC17), an entity applies the roles of the primary financial statements and the notes to present summarised information in the primary financial statements and disclose more detailed information in the notes. The IASB developed the descriptions of the roles of the primary financial statements and the notes set out in IFRS 18 based on the Conceptual Framework, feedback and research on how users of financial statements use information in the financial statements. Feedback and research showed that users of financial statements pay more attention to information presented in the primary financial statements and use it more frequently than information disclosed in the notes because the primary financial statements:
(a) give an overview of an entity's financial performance, financial position, cash flows and changes in equity;
(b) are more structured than the notes and can be easier to use to compare entities; and
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