Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 2 terms
A primary financial statement required under Schedule III Division II, showing every component of equity moving from opening to closing balance.
The fourth statement, which almost nobody opens, and the only place the year is laid out reserve by reserve. A translation reserve that has been accumulating for years becomes obvious here and nowhere else.
The reserve accumulating exchange differences arising on translation of an overseas subsidiary’s accounts into the reporting currency.
It can build quietly across six years of annual reports and is only properly visible in the statement of changes in equity. It reaches the profit line exactly once — when that operation is disposed of, which may be never.