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Sunday, April 25, 2010

Reclassification adjustments

Reclassification adjustments are amounts reclassified to profit or loss in the current period that were recognised in other comprehensive income in the current or previous periods.

Reclassification adjustments are specifically discussed in IAS 1 Presentation of Financial Statements.

Source: Glossary of Terms of IFRSs as at 31 December 2008.