§48 Annex V, Part 1 · ifrs18-2026-07new

Where institutions under IFRS have main business activities different from the ones of a ‘retail and investment bank’ taken as benchmark to implement IFRS 18 in Finrep (e.g. banks providing only finance to customers or investing exclusively in specific classes of financial assets), institutions shall reclassify their income and expenses in the appropriate categories of the statement of profit or loss in application of IFRS 18, by using the relevant line items. Specifically, banks providing only finance to customers shall report the income and expenses related to the investments in financial assets that are not part of their main business activities in the relevant line items within the ‘investing category’ of the statement of profit or loss, instead of using the line items provided in the ‘operating category’ of the statement of profit or loss.