Superannuation Consolidated

Statement of unrealised income

Statement Purpose
This statement provides a summary of any receivables and unrealised gains or losses for the income year, and displays the aggregated amounts for all entities within the group.

Data Flow

The group total of unrealised income/loss amounts is linked from the various statements.
Revenue loss carried forward amounts are automatically transferred from
Revenue Losses
. Any unused revenue loss from
Revenue Losses
 will be displayed and will offset the total unrealised gains for the year.
Any non-deductible expenses from
Other Income and Expenses
 will be transferred and displayed on this statement.
Any prior year carried forward amounts that need to be recorded must be manually input on this statement.
Group-level adjustments can be made manually in the
Group adjustments
 column.
Movement variance
 compares the aggregated group total with the Adjusted group total. Any differences between the aggregated total from all entities and the group-level total will be shown in this column.

Explanation of Fields

This summary worksheet provides an overview of the tax value for any unrealised income gains/losses for the current and prior year.
  • Amount
     — The tax value for the year of any unrealised income gain/loss for the current year. Some amounts will depend on the selection made in
    Calculation setup
     (accounting or tax).
  • Prior year
     — The prior year tax value, which is manually entered in the first year and rolls forward to subsequent years.

Signage

  • Opening balances and increases in loss amounts are entered as positive amounts.
  • Decreases in loss amounts are entered as negative amounts.

This article applies to:

  • Product: ONESOURCE Corporate Tax