Abstract
Financial statements are the key resource for assessing a company´s performance. The form and content of financial statements reflect a country`s accounting regulations. If financial statements can be drawn up under a range of different principles and procedures, this may cause problems for external users. 
 The purpose of this paper is to evaluate comprehensive income recognition in the financial statements of Slovak companies that are prepared according to IFRS, with an emphasis on items of other comprehensive income. 
 Our research showed that Slovak companies preparing financial statements in accordance with IFRS use a range of options allowed by national standards. Therefore the form of their comprehensive income recognition varies. Other comprehensive income was recognized in the statement of profit or loss and other comprehensive income, in the majority of researched entities. Our research shows that reporting of other comprehensive income divided into reclassified and not reclassified items is relevant for the assessment of company performance, because of their impact on reported profit or loss, and on selected indicators of profitability, particularly for our sample of financial institutions. This is due to the nature of their activity, for in most cases the gains and losses on financial assets available for sale are recognized in other comprehensive income, which will be reclassified to profit or loss in subsequent periods.
Highlights
Despite current efforts to measure business performance by various combinations of financial criteria, income is still the most important indicator in evaluating an enterprises performance
For our research we selected two basic indicators of profitability – Return on Equity (ROE) and Return on Assets (ROA), and we examined the effect of reclassifying other comprehensive income items on these indicators (ROEr, ROAr)
Financial statements should provide useful and reliable information for the assesment of a companys financial situation. Both the form and content of financial statements are affected by a countrys accounting regulations
Summary
Despite current efforts to measure business performance by various combinations of financial criteria, income is still the most important indicator in evaluating an enterprises performance. The key information resource for evaluating business performance for external users are financial statements. Despite longstanding efforts to harmonize Slovak accounting legislation with IFRS, there are still significant differences between the two systems, and these differences cause problems in analyzing and resolving economic problems. The purpose of the research is to evaluate the recognition of comprehensive income in the financial statements of Slovak companies, with an emphasis on the concept of other comprehensive income. The methods of the research are the following: an analysis of the scientific literature and of the financial statements of selected Slovak companies, and the systematization, comparison and generalization of information
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