Financial Reporting · Ind AS 33 Earnings per Share

Ind AS 33 Earnings per Share: Presentation, Disclosure and Comparison with IAS 33

Updated 5 October 2026 · Fact-checked

Ind AS 33 requires basic and diluted EPS on the face of the statement of profit and loss, for continuing operations and total profit, with equal prominence. You also disclose numerators, share counts and antidilutive instruments, restate earlier EPS for bonus issues, and show discontinued operations EPS on the face or in notes.

Understand Presentation, Disclosure and Comparison with IAS 33

Calculation is only half of Ind AS 33. The other half is how you show the numbers. Examiners test presentation and disclosure because they are easy to frame as short case scenarios: where does the figure go, what must be restated, what must be disclosed.

Presentation. An entity within the scope of the standard shows basic and diluted EPS in the statement of profit and loss. It does this for each class of ordinary shares with different rights to profit, and for every period presented. Two amounts are shown: profit or loss from continuing operations attributable to ordinary equity holders of the parent, and total profit or loss attributable to them. Basic and diluted get equal prominence. A loss is shown too, as a loss per share. If the entity has discontinued operations, EPS for the discontinued operations can be shown on the face of the statement or in the notes.

Retrospective adjustment for bonus issues and splits. If shares increase through a bonus issue, capitalisation or share split, or fall through a reverse split, with no matching change in resources, the old share count is not comparable. So you recompute basic and diluted EPS for all periods presented as if the event happened at the start of the earliest period presented. The same applies if the event happens after the reporting date but before the financial statements are approved, and you disclose that fact.

Errors and changes in accounting policy. These are a separate matter. Basic and diluted EPS of all periods presented are adjusted for the effects of prior period errors and of changes in accounting policy that are accounted for retrospectively under Ind AS 8. This is not the same as the start-of-earliest-period treatment used for bonus issues and splits.

Diluted EPS and later changes. Diluted EPS is not restated for later changes in the assumptions used, or for the conversion of potential ordinary shares into ordinary shares.

Disclosure. You disclose the amounts used as numerators for basic and diluted EPS, reconciled to profit or loss attributable to the parent. You disclose the weighted average number of shares used as denominators, with a reconciliation between the two. You disclose instruments that could dilute basic EPS in future but were left out because they were antidilutive. You also describe share transactions after the reporting period that would have significantly changed the share count if they had occurred before it.

Alternative EPS. An entity may report EPS on another component of profit. It must use the same weighted average shares, and show it only in the notes, never on the face of the statement. It must say how the component is computed, and reconcile it if the component is not a line item in the statement of profit and loss.

Comparison with IAS 33. Ind AS 33 is substantially converged with IAS 33. Recognition, measurement, presentation and disclosure of EPS follow the same logic. Do not claim a large list of carve-outs. In the exam, say the standard is substantially converged and then name only the differences you are sure of.

Key rules to remember

Basic EPS: Basic EPS = (Profit or loss attributable to ordinary equity holders of the parent) ÷ (Weighted average number of ordinary shares outstanding); Compute it twice: for continuing operations and for total profit. Preference dividends and similar items are deducted from the numerator first.
Bonus issue restatement: Restated EPS = Profit ÷ (Original weighted shares × Bonus adjustment factor); For a bonus of 1 share for every 4 held, shares become 5/4 of the original. Apply it to all periods presented.
Restated comparative EPS: Restated prior EPS = Prior-year EPS × (Old shares ÷ New shares); This works when the bonus or split applies to the whole prior-year share count.
Presentation rule: Face of the statement of profit and loss: EPS from continuing operations (basic and diluted) + EPS for total profit (basic and diluted), each period presented; Equal prominence. Show a loss per share too. Discontinued operations EPS goes on the face or in the notes.
Disclosure checklist: Numerators + reconciliation; weighted average shares + reconciliation; antidilutive instruments; post-period share transactions; Add the basis and a reconciliation if you give an alternative EPS, and place it in the notes only.

How to solve Presentation, Disclosure and Comparison with IAS 33 questions

Use this order for any question that asks what to present, disclose or restate under Ind AS 33.

1Check scope and level. Confirm the entity is covered. If it publishes consolidated and separate statements together, EPS is based on the consolidated figures.
2List the EPS measures needed: basic and diluted, continuing operations and total, and each class of ordinary shares.
3Check for share changes. Identify any bonus issue, split or reverse split, including one after the reporting date but before approval.
4Restate every period presented using the same adjustment factor. Do not restate diluted EPS for later assumption changes or conversions.
5Place each figure correctly. Continuing and total EPS go on the face with equal prominence. Discontinued operations EPS goes on the face or in the notes. Alternative EPS goes in the notes only.
6Write the disclosures: numerators and reconciliation, share counts and reconciliation, antidilutive items, and post-period share events.
7Add the comparison point if asked, in short: Ind AS 33 is substantially aligned with IAS 33. State a difference only if you are sure of it.
8Finish with a one-line conclusion and show the computation so partial marks are safe.

Quickest way: Four-point presentation check

When to use it: Use it for a case-scenario MCQ or a short written answer where you must decide treatment quickly.

Ask: any share count change without a change in resources? If yes, restate all periods.
Ask: is the figure on the face or in the notes? Alternative EPS is always notes only.
Ask: is a loss involved? EPS is still presented, as a loss per share.
Ask: any antidilutive instrument or post-period share event? If yes, it is a disclosure item.

Common mistakes in Presentation, Disclosure and Comparison with IAS 33

Not restating comparative EPS after a bonus issue.
Students treat the bonus as a current-year event only.
Fix: A bonus changes the share count without any new resources. Restate every period presented using the same factor.
Ignoring a bonus issue made after the reporting date but before approval.
Students think only events within the year matter.
Fix: Adjust the per-share calculations for such an event and disclose the fact.
Showing alternative EPS on the face of the statement of profit and loss.
It looks like another useful EPS figure.
Fix: Alternative EPS is allowed only in the notes, with the same weighted average shares and a stated basis.
Skipping EPS because the entity has a loss.
Students link EPS only with profits.
Fix: Present a loss per share. The disclosure requirement does not depend on the sign.
Listing a long set of carve-outs from IAS 33 without being sure of them.
Students assume every Ind AS has major carve-outs.
Fix: State that Ind AS 33 is substantially converged with IAS 33, and mention only the differences you can name with certainty.
Forgetting the reconciliation of numerators and denominators.
Students give only the final EPS figures.
Fix: Always show how the numerator ties to profit attributable to the parent and how basic and diluted share counts reconcile.

Worked examples

Example 1

For the year ended 31 March 2027, Alpha Ltd had profit from continuing operations of ₹8,00,000 and a loss from discontinued operations of ₹2,00,000, both attributable to ordinary equity holders. There are no preference shares or potential ordinary shares. Weighted average shares were 4,00,000 for the year. After the reporting date but before approval of the financial statements, Alpha announced a bonus issue of 1 share for every 4 held. Prior-year profit was ₹5,00,000 on 4,00,000 shares. Compute the EPS figures to present and explain the treatment.

Show the solution

The bonus issue is an event with no change in resources. It is treated as if it happened at the start of the earliest period presented, so both years are restated.
Adjusted shares for the current year = 4,00,000 × 5/4 = 5,00,000.
Continuing operations EPS = ₹8,00,000 ÷ 5,00,000 = ₹1.60.
Discontinued operations = (₹2,00,000) ÷ 5,00,000 = (₹0.40).
Total EPS = ₹6,00,000 ÷ 5,00,000 = ₹1.20.
Prior-year EPS restated = ₹5,00,000 ÷ 5,00,000 = ₹1.00. Unadjusted it was ₹1.25.
The prior-year figure given is total EPS only. The question gives no prior-year continuing/discontinued split. If one existed, each component would be restated the same way, by dividing by the adjusted share count.
Presentation: continuing and total basic and diluted EPS go on the face of the statement of profit and loss. Discontinued operations EPS can go on the face or in the notes.
Because the bonus happened after the reporting period, disclose that per-share calculations reflect it.

Answer: Continuing operations EPS ₹1.60, discontinued operations (₹0.40), total EPS ₹1.20. Prior-year total EPS is restated from ₹1.25 to ₹1.00; any prior-year continuing and discontinued comparatives would be restated the same way. Disclose the post-period bonus issue.

Example 2

Beta Ltd has profit attributable to ordinary equity holders of ₹12,00,000 after charging an exceptional loss of ₹2,00,000 (net of tax). Weighted average ordinary shares are 5,00,000 and there are no potential ordinary shares. The directors want to show EPS before the exceptional loss on the face of the statement of profit and loss. Advise and compute.

Show the solution

Basic EPS required by the standard = ₹12,00,000 ÷ 5,00,000 = ₹2.40. Diluted EPS is the same as there are no potential shares.
The directors' figure is an alternative EPS based on a component of profit other than the one the standard requires.
Alternative profit = ₹12,00,000 + ₹2,00,000 = ₹14,00,000.
Alternative EPS = ₹14,00,000 ÷ 5,00,000 = ₹2.80. The same weighted average shares are used.
Placement: it cannot be on the face of the statement of profit and loss. It is shown only in the notes.
Disclosure: state how the component is computed. If the exceptional item is not a line item in the statement of profit and loss, give a reconciliation to a line item that is reported.

Answer: Present basic and diluted EPS of ₹2.40 on the face. The ₹2.80 alternative EPS may be disclosed only in the notes, with its basis and a reconciliation.

Exam tips

For case-scenario MCQs, first find the trigger: bonus or split, discontinued operations, alternative EPS or a loss. Each has a fixed presentation answer.
In written answers use provision-facts-conclusion form. State the rule in one line, apply it to the numbers, then conclude with placement (face or notes).
Show restated comparatives as well as current-year EPS. Marks are often lost by giving only one year.
For the IAS 33 comparison, write that the standards are substantially converged and mention only certain differences. Avoid inventing carve-outs.
Always reconcile the numerator and denominator when a question asks for disclosures.

Practice questions from Ind AS 33 Earnings per Share

Presentation, Disclosure and Comparison with IAS 33 in other exams

The same ground in other exams, if you are preparing for more than one or want another angle on it.

Presentation, Disclosure and Comparison with IAS 33: frequently asked questions

Where is EPS presented under Ind AS 33?

Basic and diluted EPS are presented in the statement of profit and loss, for continuing operations and for total profit attributable to ordinary equity holders of the parent. They get equal prominence for every period presented. Discontinued operations EPS can be on the face or in the notes.

Do I restate EPS for a bonus issue after the year end?

Yes, if it occurs before the financial statements are approved for issue. The per-share calculations for all periods presented are adjusted, and you disclose the fact. Diluted EPS is not restated for later changes in assumptions or conversions.

Can an entity present EPS on a different profit measure?

Yes, but only in the notes. It must use the same weighted average number of shares, state the basis of the component, and reconcile it to a reported line item where needed. It must not appear on the face of the statement of profit and loss.

What is the difference between Ind AS 33 and IAS 33?

Ind AS 33 is substantially converged with IAS 33, so measurement and the main presentation and disclosure rules match. Do not claim extensive carve-outs unless your study material lists them, and name only differences you are sure of.