Which of the following is NOT a component of OCI?

Other comprehensive income (OCI) includes certain items that are not recognized in the profit or loss statement. The correct choice highlights that dividends paid to shareholders do not fall under this category. Instead, dividends represent a distribution of profits and are treated as a movement in equity, specifically reducing retained earnings.

In contrast, gains and losses from the revaluation of assets, foreign currency translation adjustments, and changes in fair value of hedging instruments are all components of OCI. These elements reflect changes in the value of the company's assets and other factors that affect the overall financial position without impacting the income statement directly. Hence, they are recorded in OCI to provide a more comprehensive view of the company's financial health.