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CA Final · Financial Reporting · Ind AS 33 Earnings per Share

Which combination correctly describes the changes Ind AS 33 makes to IAS 33 as a consequence of removing the two-statement option in Ind AS 1, and the retention of paragraph numbering?

Paragraphs 4A, 67A, 68A and 73A of IAS 33 are deleted in Ind AS 33, because the two-statement approach was removed from Ind AS 1 and EPS appears in the single statement of profit and loss. The paragraph numbers are kept for consistency with IAS 33.

  1. AParagraphs 4A, 67A, 68A and 73A are deleted, as EPS is shown only within the single statement of profit and loss, and their numbers are retainedCorrect
  2. BParagraphs 4A, 67A, 68A and 73A are retained and require a separate income statement showing EPS
  3. COnly paragraph 4A is deleted, while 67A to 73A apply fully
  4. DParagraphs 4A to 73A are renumbered consecutively to remove gaps

Explanation

Because Ind AS 1 requires components of profit or loss and OCI to be part of one statement of profit and loss, the requirements for EPS in a separate income statement (paragraphs 4A, 67A, 68A, 73A) were deleted. Paragraph numbers are retained to maintain consistency with IAS 33, so renumbering (option D) is wrong.

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