BC236 IFRS 18 lists line items an entity is required to present in the statement of profit or loss. The IASB decided not to reconsider the items that come from an equivalent list in IAS 1, other than to remove the line item 'finance costs' (see paragraphs BC242-BC243) and to include operating expenses. The IASB created the list of line items during other projects. Revisiting those requirements would have likely involved substantial resources and delayed the development of IFRS 18.
BC237 Instead, the IASB decided to clarify how those requirements interact with the role of the primary financial statements. An entity is required to present the listed line items unless doing so is unnecessary for the statement of profit or loss to provide a useful structured summary of the entity's income and expenses. In such cases, an entity is required to disclose the item in the notes if it provides material information. As discussed in paragraphs BC45-BC63:
(a) not all material information can be pres
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