Company XYZ recorded net profit after tax of $150m for the period. In addition it recognised the following changes in fair values for the period: Available-for-sale securities + $10 million
Cash flow hedges - $5 million
Land + $85 million
What would be the amount of total comprehensive income for the period?
A) $90 million
B) $95 million
C) $150 million
D) $240 million

Question

Quizplus · Accepted Answer

Total comprehensive income includes net profit after tax plus any gains/losses recognized through other comprehensive income. In this case, the gains from available-for-sale securities and land exceed the losses from cash flow hedges, resulting in a total comprehensive income of $240 million ($150m + $10m - $5m + $85m).

Company XYZ Recorded Net Profit After Tax of $150m for the Period