State the presentation and disclosures related to IAS 33?
Here is a list of the key presentation and disclosure requirements related to IAS 33:
- Presentation of EPS information: IAS 33 requires companies to present both basic EPS and diluted EPS in their income statement for each period for which financial statements are presented.
- Disclosure of EPS components: Companies must disclose the components used in the calculation of both basic EPS and diluted EPS, including the net profit or loss attributable to ordinary shareholders, the number of ordinary shares outstanding, and any adjustments made to account for potential dilution.
- Disclosure of EPS by segment: If a company reports segment information in its financial statements, it must also disclose the basic and diluted EPS for each segment.
- Disclosure of potential dilutive securities: Companies must disclose the potential dilutive effect of all securities that could potentially dilute EPS, including stock options, convertible bonds, and warrants.
- Disclosure of assumptions and methods used: Companies must disclose the assumptions and methods used to calculate both basic EPS and diluted EPS, including the treatment of potential dilutive securities and any other adjustments made.
- Disclosure of changes in accounting policies: If there are any changes in accounting policies that impact the calculation of EPS, the company must disclose the nature of the change and the effect on EPS.
- Disclosure of earnings for interim periods: If a company presents interim financial statements, it must also disclose the basic and diluted EPS for each interim period.
Overall, the presentation and disclosure requirements related to IAS 33 are designed to promote transparency and consistency in financial reporting, and to ensure that investors and other stakeholders have access to accurate and reliable information about a company's earnings per share.