Chapter 3: Balance sheet and profit and loss account – EU Accounting Directive (Directive 2013/34/EU)
EU Accounting Directive (Directive 2013/34/EU) A13: Prescribed profit and loss account layouts or an equivalent statement of performance
What does A13 require?
The profit and loss account must follow one of the two prescribed layouts, by nature of expense (Annex V) or by function of expense (Annex VI), as prescribed or chosen; a Member State may instead allow or require a statement of performance, provided the information is at least equivalent to the annex layouts.
This control maps to 1 controls across 1 other frameworks. If you already hold one of them, the evidence you collected for it is the starting point here rather than new work.
78-85 Present operating expenses by nature or by function (or a mix) in the way that gives the most useful summary, show cost of sales where functions are used, and disclose in a single note the five nature totals and their allocation across function line items