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

Under Ind AS 33, an entity presents both consolidated and separate financial statements. Which statement about EPS disclosure is correct?

EPS information must be disclosed in both the consolidated and the separate financial statements. Ind AS 33 differs from IAS 33, which lets an entity give EPS only in consolidated statements. Therefore the consolidated-only option reflects IAS 33 rather than the Indian standard.

  1. AEPS information is required in both the consolidated and the separate financial statementsCorrect
  2. BEPS may be given only in the consolidated financial statements
  3. CEPS is required only in the separate financial statements
  4. DEPS need not be disclosed in either if the entity is a parent

Explanation

IAS 33 permits EPS information in consolidated statements only, but Ind AS 33 departs from this and requires EPS related information in both consolidated and separate financial statements. Hence the option allowing consolidated-only disclosure is the IAS 33 position, not Ind AS 33.

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