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Statement of Retained Earnings (ASPE)

Updated: Sep 1, 2019

Entities that report under the Canadian ASPE guidelines do not report a Statement of Changes in Equity. This is primarily because the company is not publicly traded, and it is of lesser value for stakeholders to keep track of shares and equity changes. Instead, entities report a Statement of Retained Earnings, because there is more of a focus on understanding how how revenue is accumulated and distributed.

A sample Statement of Retained Earnings can be found below.

Note that the Retained Earning portion is found at the bottom of this Income Statement. In isolation, a Statement of Retained Earnings might look like this:

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