Using the IFRS 18 Income Statement Layout

The IFRS 18 income statement layout helps you organize income statement information into IFRS 18 presentation categories. IFRS 18 is an International Financial Reporting Standard for presenting and disclosing information in financial statements. Use this layout with supported Income Statement reports.

IFRS 18 replaces IAS 1 requirements for presenting financial statements. It applies to annual reporting periods beginning on or after January 1, 2027.

NetSuite doesn't determine the appropriate classification for an account. Your organization determines the appropriate classification and configures the layout accordingly.

The IFRS18 Standard Income Statement Layout includes the following sections:

Operating
Investing
Financing
Income taxes
Discontinued operations

The layout also includes subtotal rows that summarize the income and expenses in the IFRS 18 presentation structure.

The sections are initially empty. Configure the filters that determine which accounts appear in each section. Use only income and expense accounts in the IFRS 18 income statement layout. For more information, Financial Statement Sections.

You can also add a formula row to display Gross Profit in the Operating section. Before you add the formula row, configure separate rows for revenue and cost of sales. For more information, see Editing a Financial Statement Formula Row.

For more information about customizing financial statements, see Financial Report Builder.

The following table shows accounts that might appear in each IFRS 18 section. Your organization determines the appropriate classification for each account.

IFRS 18 Sections	Example Accounts
Operating	Product revenue, service revenue, cost of goods sold, salaries expense, rent expense, advertising expense
Investing	Dividend income, interest income from investments, gain on investment securities
Financing	Interest expense on borrowings, lease interest expense, amortization of debt issuance costs
Income taxes	Current income tax expense, deferred tax expense or income
Discontinued operations	Loss from discontinued operations, gain on disposal of discontinued operations

IFRS 18 Sections

Example Accounts

Operating

Product revenue, service revenue, cost of goods sold, salaries expense, rent expense, advertising expense

Investing

Dividend income, interest income from investments, gain on investment securities

Financing

Interest expense on borrowings, lease interest expense, amortization of debt issuance costs

Income taxes

Current income tax expense, deferred tax expense or income

Discontinued operations

Loss from discontinued operations, gain on disposal of discontinued operations

Important:

These examples are illustrative. Account classification depends on your organization's activities, accounting policy, and reporting requirements.

To use the IFRS 18 layout:

Go to an Income Statement report that has the IFRS18 Standard Income Statement Layout assigned to it. For more information about layout assignments, see Financial Reports: Row Layout Assignment Page.
Click Customize.
In the Layout list on the Edit Layout page, select IFRS18 Standard Income Statement Layout.
Click Edit Layout.
Add filters, such as Account Name, to each section. Make other adjustments to the report as needed.
Click Save.

To use the IFRS 18 layout:

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