Totalresultatet ur ett annat perspektiv -En studie om Latour

Abstract

Purpose Based on the new comprehensive income due to changes in IAS 1, the authors aim to describe how a listed corporate accounting is affected by IAS 1 and the new income statement. Methodology This study uses an inductive approach with a combination of qualitative and quantitative data, using financial rapports from the investment company Latour. This case study is based on Latour’s all published financial statements under the period 2008 to 2012. Result The study resulted in different observations of Latour's operational and financial performance, share price trends as well as ratios. The study's authors can see that Latour's net income and comprehensive income differ due to changes in IAS 1. They can also observe the effect of clean surplus in Latour’s income statement. Latour’s comprehensive income has been affected by the market and the P/E ratio based on comprehensive income appeared to be more attractive to investors during periods in bull markets compared to the P/E ratio based on net income. Discussion The study's authors argue that Latour's income statement has gone from being business-based to market-based. The authors believe that it would be interesting to see if the overall result has similar effects on other businesses engaged in a different business than Latour.