A futures clearing house 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.
A futures clearing house 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, a futures clearing house shall disclose their nature and amount separately in the financial statements or in the notes.
As a minimum, the statement of comprehensive income shall include the following line items:
1.Revenue:
A.Operating revenue:
a.Clearing member registration fee revenue: Revenues, recognized on a yearly basis, that arise from clearing member registration fees paid to a futures clearing house by those becoming futures clearing members.
b.Clearing member annual license fee revenue: Clearing member annual license fees paid on a yearly basis by futures clearing members to a futures clearing house.
c.Clearing fee revenue: Clearing fees paid on a monthly basis by futures clearing members to a futures clearing house based on the number of contracts traded.
d.Settlement fee revenue: Settlement fees paid on a monthly basis by futures clearing members to a futures clearing house based on the number of contracts settled.
e.Position adjustment fee revenue: Position adjustment fees paid to a futures clearing house on a monthly basis by futures commission merchants requesting a position adjustment for the purpose of adjusting an out-trade, and based on the number of contracts involved in position adjustment.
f.Position transfer fee revenue: Position transfer fees paid to a futures clearing house on a monthly basis by futures clearing members requesting to make a position transfer or on which a compulsory position transfer is made, and based on the number of contracts involved in position transfer.
g.Other operating revenue: Operating revenues not attributable to any of the items above.
B.Other revenue: Includes revenue arising from the use by others of assets of a futures clearing house yielding interest and dividends.
C.The recognition and measurement of revenue from contracts with customers shall be made in accordance with IFRS 15. If a futures clearing house controls specific goods or services before it transfers the goods or 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.Operating expense: The expenses to be borne as a result of operating activities in the period, including employee benefits expense, depreciation and amortization expense, and other operating expense.
3.Expected credit impairment loss (or gain): The expected amount of credit loss (or reversal) according to IFRS 9.
4.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.
5.Net profit or loss upon reclassification of financial assets: Means one of the following conditions, in accordance with IFRS 9:
A.Net profit (or loss) that arises when financial assets are reclassified from being measured at amortized cost to being measured at fair value through profit or loss.
B.Cumulative net profit (or loss) of debt instrument investment that arises when financial assets are reclassified from being measured at fair value through other comprehensive income to being measured at fair value through profit or loss.
6.Net profit or loss upon derecognition of financial assets measured at amortized cost: Means the net profit or less that arises when a futures clearing house derecognizes from its books financial assets measured at amortized cost that it had originally recognized.
7.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 a futures clearing house recognizes using the equity method according to its share in the associates and the interests in joint ventures.
8.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.
9.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.
10.Profit or loss during the period: Earnings or deficit in the current reporting period.
11.Other comprehensive income: Refers to 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 instrument investment measured at fair value through other comprehensive profit or loss , and the gains and losses on hedging instruments.
B.Items not to be reclassified into profit or loss: Include revaluation surplus, , remeasurements of defined benefit plans, and gains and losses on hedging instruments.
12.Total comprehensive income.
13.Allocations of profit or loss during the period attributable to non-controlling interest and owners of the parent.
14.Allocations of total comprehensive income during the period attributable to non-controlling interest and owners of the parent.
15.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.