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What are OCI items that can be reclassified into profit or loss?
in IAS 1 - Presentation of Financial Statements by

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As per the amendment to IAS 1 in 2011, there is a change the grouping of items presented in OCI. Items that could be reclassified (or ‘recycled’) to profit or loss at a future point in time (for example, upon derecognition or settlement) would be presented separately from items which will never be reclassified.

OCI items that can be reclassified into profit or loss: 

• Foreign exchange gains and losses arising from translations of financial statements of a foreign operation (IAS 21) 

• Effective portion of gains and losses on hedging instruments in a cash flow hedge (IAS 39) 

OCI items that cannot be reclassified into profit or loss: 

• Changes in revaluation surplus (IAS 16 and IAS 38) 

• Actuarial gains and losses on defined benefit plans (IAS 19.93A) 

• Gains and losses from investments in equity instruments measured at fair value through OCI (IFRS 9) 

• For those liabilities designated at fair value through profit or loss, changes in fair value attributable to changes in the liability’s credit risk (IFRS 9)




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