REALPAC IFRS 18 P&L Guidance

The REALPAC Illustrative Profit and Loss Presentation Guidance (the “Guidance”), developed by REALPAC in consultation with its members and industry stakeholders, is intended to assist preparers in applying the presentation and disclosure requirements of IFRS 18, Presentation and Disclosure in Financial Statements. The Guidance provides an illustrative framework to support consistency, transparency, and comparability in financial reporting across the Canadian real estate industry. It is intended as a practical reference and is not prescriptive or authoritative, and should not be interpreted as establishing accounting standards or replacing the exercise of professional judgment. The Guidance has been developed with consideration of the business models and operating structures prevalent within the sector. The Guidance aligns with the IFRS 18 categories of Operating, Investing, and Financing activities and is designed to demonstrate how entities may present profit or loss information in a manner that is both decision-useful and compliant with the standard. The Guidance has been prepared solely to support the application of IFRS 18 within the Canadian real estate sector and to promote greater transparency, consistency, and comparability in financial reporting. While the guidance has been developed with reference to the requirements of IFRS 18, the ultimate responsibility for determining an appropriate and compliant presentation rests with each reporting entity. REALPAC does not provide accounting, legal, or professional advice and makes no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of the Guidance. REALPAC assumes no responsibility or liability for any decisions made or actions taken based on the Guidance. Users should apply the guidance in the context of their specific facts and circumstances, obtain appropriate professional advice where necessary, and exercise appropriate professional judgment. REALPAC reserves the right to revise or withdraw the Guidance at any time to reflect changes in IFRS, regulatory requirements, or industry practice.