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

Regarding Ind AS 33 and its comparison with IAS 33, which statement is correct?

Ind AS 33 deleted the separate income statement per-share requirements of IAS 33 because Ind AS 1 removed the two statement approach, while retaining paragraph numbers for consistency with IAS 33.

  1. AParagraph 25 is retained in Ind AS 33 with full text, although IAS 33 deleted it
  2. BRequirements on per-share disclosure in a separate income statement were deleted because Ind AS 1 removed the two statement approach; the paragraph numbers were retainedCorrect
  3. CInd AS 33 defines financial instrument independently of Ind AS 32
  4. DInd AS 33 uses the fair value definition given in Ind AS 32 rather than Ind AS 113

Explanation

Paragraphs 4A, 67A, 68A and 73A of IAS 33 were deleted as a consequence of Ind AS 1 removing the two statement option, with paragraph numbers retained. Paragraph 25 appears as 'Deleted' in IAS 33 and its number is retained only for consistency. Financial instrument terms come from Ind AS 32 and fair value from Ind AS 113.

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