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Corporate Accounting and Auditing · Earnings per Share (Ind AS 33)

Ind AS 33 Presentation, Disclosure and Restatement of EPS

Updated 10 October 2026 · Fact-checked

Ind AS 33 requires basic and diluted EPS to be shown in the statement of profit and loss, with equal prominence, for every period presented, even if negative. EPS for discontinued operations goes in the statement or the notes. If shares change by bonus issue or split, restate EPS for all periods presented.

Understand Presentation, Disclosure and Restatement

Calculating EPS is only half the job. Ind AS 33 also tells you where to show it, what else to disclose, and when to rewrite earlier figures. Exam theory questions test exactly this.

Presentation. Para 66 says an entity presents, in the statement of profit and loss, basic and diluted EPS for profit or loss from continuing operations attributable to the ordinary equity holders of the parent, and for profit or loss attributable to those holders for the period. This is done for each class of ordinary shares that has a different right to share in profit. Basic and diluted EPS must have equal prominence for all periods presented.

Every period, even losses. Para 67 says EPS is presented for every period for which a statement of profit and loss is presented. If diluted EPS is reported for at least one period, it must be reported for all periods, even if it equals basic EPS. If the two are equal, dual presentation can be done in one line. Para 69 says EPS must be presented even if the amounts are negative, that is, a loss per share.

Discontinued operations. Para 68 says an entity that reports a discontinued operation discloses basic and diluted amounts per share for it either in the statement of profit and loss or in the notes.

Other disclosures. Para 72 encourages disclosing the terms and conditions of financial instruments and contracts that generate potential ordinary shares, if not otherwise required (see Ind AS 107). Para 73 covers extra per-share amounts based on another reported component of profit. They use the weighted average number of shares under the Standard, are shown with equal prominence in the notes, and the basis of the numerator (before or after tax) is stated. If the component is not a line item in the statement, you must reconcile it to one that is.

Restatement. Para 64 says if shares increase through capitalisation, bonus issue or share split, or decrease through a reverse share split, basic and diluted EPS for all periods presented are adjusted retrospectively. This also applies if the change happens after the reporting period but before the financial statements are approved for issue. The fact that the per-share figures reflect this must be disclosed. EPS of all periods is also adjusted for errors and for changes in accounting policies accounted for retrospectively.

Ind AS 33 differs from IAS 33 here: the paragraphs on a separate income statement (4A, 67A, 68A, 73A) are deleted, because Ind AS 1 removed the two-statement option. Paragraph numbers were kept for consistency.

Key rules to remember

Where to present EPS
Basic and diluted EPS in the statement of profit and loss (continuing operations and total), equal prominence, all periods
Para 66 and 67. For each class of ordinary shares with different profit-sharing rights.
Discontinued operations EPS
Basic and diluted per share amounts: in the statement of profit and loss or in the notes
Para 68. Applies only if the entity reports a discontinued operation.
Equal basic and diluted EPS
If basic EPS = diluted EPS, one-line dual presentation is allowed
Para 67. Diluted EPS must still be reported for all periods if reported for any one.
Loss per share
EPS must be presented even if negative
Para 69.
Restatement for bonus issue or split
Restated EPS = Earnings ÷ Revised number of shares, for all periods presented
Para 64. Also for events after the reporting period but before approval of the financial statements.
Other per-share components
Use Ind AS 33 weighted average shares; disclose in notes; state before or after tax; reconcile to a line item
Para 73.

How to solve Presentation, Disclosure and Restatement questions

For a theory or presentation question, answer the paragraph logic in order: where, for which periods, which extras, and when to restate.

  1. 1Identify what is asked: presentation, disclosure, discontinued operations or restatement.
  2. 2State the location: basic and diluted EPS in the statement of profit and loss, with equal prominence (para 66).
  3. 3State the periods: every period presented, diluted for all if reported for any, negatives included (paras 67, 69).
  4. 4Handle discontinued operations: per-share amounts in the statement or the notes (para 68).
  5. 5For any additional per-share amount, give the para 73 conditions: weighted average shares, notes, basis stated, reconciliation.
  6. 6For numerical restatement, check for a bonus issue, split or reverse split, and recompute prior-period EPS on the revised share number.
  7. 7Add the disclosure that the figures reflect the change in shares, and mention errors and retrospective policy changes.

Quickest way: Four-question checklist

When to use it: Short theory questions and MCQs on Ind AS 33 presentation.

  1. Where? Statement of profit and loss.
  2. Which periods? All presented, including losses.
  3. Discontinued? Statement or notes.
  4. Shares changed free of consideration or split? Restate all periods.

Common mistakes in Presentation, Disclosure and Restatement

  • Saying EPS need not be shown when there is a loss.

    Students think EPS only measures profit.

    Fix: Quote para 69: EPS is presented even if negative, as a loss per share.

  • Saying discontinued operation EPS must only be in the notes.

    Mixing it with para 73 additional amounts, which go in the notes.

    Fix: Para 68 allows the statement of profit and loss or the notes.

  • Leaving prior-year EPS unchanged after a bonus issue.

    Students treat prior years as closed.

    Fix: Para 64 requires retrospective adjustment of all periods presented.

  • Omitting diluted EPS for the comparative year because it equals basic.

    Thinking equal figures need no reporting.

    Fix: Para 67: report it for all periods, and use one line if equal.

  • Citing deleted IAS 33 paragraphs such as 4A or 68A as part of Ind AS 33.

    Copying from IAS 33 notes.

    Fix: These are deleted in Ind AS 33 because Ind AS 1 removed the two-statement approach.

Worked examples

Example 1

Mehta Textiles Ltd reported profit attributable to equity holders of ₹6,00,000 for 2025-26 with 2,00,000 equity shares throughout. In 2026-27 profit is ₹9,00,000. On 1 April 2026 it issued 1 bonus share for every 2 held, with no other share changes. Compute basic EPS for both years as presented in the 2026-27 financial statements.

Show the solution
  1. Shares before bonus: 2,00,000. Bonus shares: 2,00,000 ÷ 2 = 1,00,000.
  2. Revised shares: 2,00,000 + 1,00,000 = 3,00,000.
  3. Para 64: bonus issue adjusts all periods presented, so use 3,00,000 for both years.
  4. 2026-27 EPS = ₹9,00,000 ÷ 3,00,000 = ₹3.00.
  5. 2025-26 restated EPS = ₹6,00,000 ÷ 3,00,000 = ₹2.00 (originally ₹3.00).
  6. Disclose that per-share figures reflect the bonus issue.

Answer: 2026-27 basic EPS is ₹3.00; restated 2025-26 basic EPS is ₹2.00.

Example 2

Explain how Ind AS 33 requires an entity with a discontinued operation to present EPS, and what happens if the entity makes a loss.

Show the solution
  1. Para 66: basic and diluted EPS for continuing operations profit and for total profit attributable to parent's ordinary equity holders go in the statement of profit and loss, with equal prominence for all periods.
  2. Para 68: per-share amounts for the discontinued operation are shown in the statement of profit and loss or in the notes.
  3. Para 67: diluted EPS is reported for all periods if reported for any; one line if equal to basic.
  4. Para 69: a loss per share is still presented.

Answer: EPS for continuing operations and total profit appears in the statement of profit and loss; discontinued operation EPS appears there or in the notes; losses are shown as negative EPS.

Exam tips

  • Write the paragraph number beside each rule; it shows precision and earns marks.
  • In short notes, use headings: presentation, discontinued operations, additional disclosures, restatement.
  • In numericals with bonus or split, restate comparatives first, then compute current EPS.
  • For MCQs, watch for the traps: loss need not be shown, or prior EPS stays unchanged. Both are wrong.

Practice questions from Earnings per Share (Ind AS 33)

Presentation, Disclosure and Restatement 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 Restatement: frequently asked questions

Where is EPS presented under Ind AS 33?

In the statement of profit and loss, for continuing operations and for total profit attributable to ordinary equity holders of the parent. Basic and diluted get equal prominence for all periods presented.

Is EPS shown for a loss-making company?

Yes. Para 69 requires basic and diluted EPS even if negative, shown as a loss per share.

When must previous EPS be restated?

After a capitalisation, bonus issue, share split or reverse share split, including such changes after the reporting period but before approval of the statements. It is also adjusted for errors and retrospective policy changes.

Why are paragraphs 4A and 68A missing in Ind AS 33?

They were deleted because Ind AS 1 removed the two-statement approach. The paragraph numbers were kept to align with IAS 33.