An FCM shall present all items of income and expense recognized in a period in a single statement of comprehensive income displaying components of profit or loss and components of other comprehensive income.
An FCM shall present expenses recognized in profit or loss under the preceding paragraph using a classification based on their nature.
When items of income or expense are material, an FCM shall disclose their nature and amount separately in the statement of comprehensive income or in the notes.
As a minimum, the statement of comprehensive income shall include the following line items, with the related details disclosed in the notes:
1. Income:
A. Brokerage fee revenue: Revenue from transaction fees received by an FCM for executing customers' futures trading orders.
B. Futures commission revenue: Revenue from commissions received by an FCM qualified as a clearing member of a foreign futures exchange for the provision of sub-brokerage services to trade futures on the relevant foreign market for the account of other FCMs.
C. Net gains or losses from reclassification of financial assets means gains or losses that meet one of the following conditions in accordance with IFRS 9:
a. Net gains or losses from reclassification of financial assets from measurement at amortized cost to measurement at fair value through profit or loss.
b. Cumulative net gains or losses from reclassification of debt instrument investments from measurement at fair value through other comprehensive income to measurement at fair value through profit or loss.
D. Net gains or losses from derecognition of financial assets measured at amortized cost: Means net gains or losses when an FCM derecognizes from its books financial assets measured at amortized cost that it had originally recognized.
E. Net gain (loss) on derivative instruments: In the case of an FCM engaging in derivative instrument business or hedging transactions, the net amount after offsetting the resultant gains and losses.
F. Clearing and settlement service fee revenue: Revenue from service fees received by an FCM qualified as a clearing member for providing clearing and settlement services to others.
G. Futures administrative fee revenue: Revenue from administrative fees charged by an FCM in its conduct of business activities approved by the competent authority.
H. Management fee revenue: Revenue from management fees received by an FCM in its conduct of managed futures business or discretionary investment business.
I. Advisory fee revenue: Revenue from advisory fees received by an FCM in its conduct of futures advisory or securities investment consulting business.
J. Securities commission revenue: Revenue from commissions received by an FCM in its conduct of securities introducing broker business.
K. Other operating income: Operating revenues and gains not attributable to any of the items above.
L. The recognition and measurement of revenue from contracts with customers shall be made in accordance with IFRS 15. If an FCM controls specific services before it transfers the services to its customer, it shall recognize the revenue based on the gross amount; otherwise, it shall recognize the revenue based on the net amount.
2. Broker's exchange fee expenses: Exchange fees that an FCM is required to pay to a futures exchange when executing customers' futures trading orders.
3. Dealer's exchange fee expenses: Exchange fees that a futures dealer is required to pay to a futures exchange when conducting futures trading.
4. Futures commission expenses: This item consists of the following:
A. Futures commission expenses – sub-brokered futures trading: Commissions that an FCM is required to pay to another FCM qualified as a clearing member of a foreign futures exchange, for the provision of sub-brokerage services to trade futures on the relevant foreign market.
B. Futures commission expenses – futures introducing broker business: Commissions that a mandating FCM is required to pay to a futures introducing broker.
5. Clearing and settlement service fee expenses: Clearing and settlement service fees that an FCM, in its conduct of clearing and settlement operations, is required to pay to a clearing house or to another FCM qualified as a clearing member.
6. Futures administrative fee expenses: Administrative fees paid by an FCM for the conduct of business activities approved by the competent authority.
7. Employee benefits expenses: Expenses in relation to employee benefits that IAS19 requires to be recognized, including short-term employee benefits (such as wages, salaries, and labor and national health insurance contributions for employees), post-employment benefits (such as pensions), other long-term employee benefits (such as long-service leave), and termination benefits (such as early retirement incentive programs).
8. Depreciation and amortization expenses: Related depreciation and amortization expenses that IAS16 and IAS38 require to be recognized.
9. Finance costs: Include interest expenditures incurred in relation to operating activities and for all classes of liabilities, with the portion eligible for capitalization being deducted.
10. Expected credit impairment losses (or gains): the amount of expected credit impairment losses (or reversals) recognized in accordance with IFRS 9.
11. Other operating expenses: Operating expenses required for an FCM's business management needs and not attributable to any of the items above.
12. Share of the profit or loss of associates and joint ventures accounted for using the equity method: The profit or loss of associates and interests in joint ventures that an FCM recognizes using the equity method according to its share in the associates and the interests in joint ventures.
13. Tax expense (benefit): The aggregate amount included in the determination of profit or loss for the period in respect of current tax and deferred tax.
14. Profit or loss of discontinued operations:
A. The post-tax profit or loss of discontinued operations and the post-tax gain or loss recognized on the measurement to fair value less costs to sell or on the disposal of the assets or disposal group(s) constituting the discontinued operation.
B. The presentation and disclosure of profit or loss of discontinued operations shall be made in accordance with IFRS 5.
15. Profit or loss for the period: Earnings or deficit in the current reporting period.
16. Other comprehensive income: Each component of other comprehensive income classified by nature, including share of the other comprehensive income of associates and joint ventures accounted for using the equity method:
A. Items that may be subsequently reclassified into profit or loss: Include exchange differences resulting from translating the financial statements of a foreign operation, unrealized valuation gains and losses from debt instruments investments measured at fair value through other comprehensive income, and gains and losses on hedging instruments.
B. Items not to be reclassified into profit or loss: Include revaluation surplus, unrealized valuation gains and losses from equity instruments measured at fair value through other comprehensive income, remeasurements of defined benefit plans, and gains and losses on hedging instruments.
17. Total comprehensive income.
18. Allocations of profit or loss for the period attributable to non-controlling interest and owners of the parent.
19. Allocations of total comprehensive income for the period attributable to non-controlling interest and owners of the parent.
20. Earnings per share:
A. Basic and diluted earnings per share for profit or loss from continuing operations attributable to the ordinary equity holders of the parent entity and for profit or loss attributable to the ordinary equity holders of the parent entity.
B. The calculation and presentation of earnings per share shall be made in accordance with IAS 33.