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Dividend Disclosures in the Components of Equity (IFRS)

Rule ID: DQC_0186
Status: Final

Release date: June 27, 2024
Effective date: August 31, 2024

Rule function

This rule applies to dividend disclosures reported in the Statement of Changes in Equity using the ComponentsOfEquityAxis. The rule is comprised of nithreene components that are designed to determine that the filer has selected the correct elements in the Statement of Changes in Equity.

The first component of the rule checks that dividend elements used with the retained earnings member are reported with a positive value. The impact on retained earnings should reduce the retained earnings balance. Because these a debit balances the values should be positive.

The second component checks if dividend line items have been used with the appropriate members of the components of equity axis. The rule identifies inappropriate members used with the ComponentsOfEquityAxis and dividend line items. The following members should not be used with dividend line items:

Member Dividend Line Items
TreasurySharesMember All dividend line items
AccumulatedOtherComprehensiveIncomeMember All dividend line items
ReserveOfSharebasedPaymentsMember All dividend line items
OtherReservesMember All dividend line items

The third component if a dividend line item has been used with a redundant class of stock axis. This identifies where a member should not be used with a dividend concept as the type of stock declared is already communicated with the concept name, and the dimensions provides no additional disaggregation. This rule checks the concepts DividendsPaidOrdinarySharesPerShare and DividendsPaidOtherSharesPerShare.

Problem solved by the rule

The rule identifies where the filer has used inappropriate combinations of dividend elements in the Statement of Shareholders Equity. These rules help filers to select the correct elements and to tag the values with the appropriate signs.

Example rule message 1

The filing includes a value for dividends using the concept DividendsPaid and the retained earnings member with a value of -977,000. Dividends must be deducted from retained earnings. Please check that the sign of the dividends value is positive.

The properties of this fact are: Period :2022-01-01 to 2022-03-31 Dimensions : us-gaap:ComponentsOfEquityAxis=RetainedEarningsMember Unit : USD

Rule Element Id:10170

Example rule message 2

The filing includes a value for dividends using the concept DividendsPaid with a value of -1,000. This value is reported with the dimension member TreasurySharesMember. This member should not be used with the concept DividendsPaid. Please check the filing and select a more appropriate concept.

The properties of this fact are: Period :2020-01-01 to 2020-12-31 Dimensions : us-gaap:ComponentsOfEquityAxis=TreasurySharesMember Unit : USD

Rule Element Id:10171

Example rule message 3

The filing includes a value of 20 for dividends declared using the concept DividendsPaidOrdinarySharesPerShare and the dimension member of OrdinarySharesMember on the axis ComponentsOfEquityAxis. This member should not be used with this concept as the type of stock declared is already communicated with the concept name, and the dimensions provides no additional disaggregation.

The properties of this fact are: Period :2022-03-02 to 2022-03-02 Dimensions : ClassesOfShareCapitalAxis=OrdinarySharesMember Unit : USD/shares

Rule Element Id:10172

Rule element ID index

The rule element id is used to identify unique elements or combinations of elements tested in the rule.

Rule Element ID Element
DQC.IFRS.0186.10170 DividendsPaid, DividendsPaidOrdinaryShares, DividendsPaidOtherShares, DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears, DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToCurrentYear, DividendsRecognisedAsDistributionsToOwnersOfParent, DividendsRecognisedAsDistributionsToNoncontrollingInterests
DQC.IFRS.0186.10171 TreasurySharesMember, AccumulatedOtherComprehensiveIncomeMember, ReserveOfSharebasedPaymentsMember, OtherReservesMember
DQC.IFRS.0186.10172 ividendsPaidOrdinarySharesPerShare, DividendsPaidOtherSharesPerShare

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