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

Which statement about EPS disclosure under Ind AS 33 compared with IAS 33 is correct?

Ind AS 33 requires EPS related information to be disclosed in both consolidated and separate financial statements. This differs from IAS 33, which allows an entity presenting both to give EPS information in the consolidated financial statements only.

  1. AInd AS 33 permits EPS to be given in consolidated statements only
  2. BInd AS 33 requires EPS information in both consolidated and separate financial statementsCorrect
  3. CInd AS 33 requires EPS only in separate financial statements
  4. DInd AS 33 exempts entities from EPS disclosure if they have potential ordinary shares

Explanation

IAS 33 lets an entity that presents both consolidated and separate statements give EPS only in the consolidated ones. Ind AS 33 removes this option and requires EPS related information in both. The other options contradict the standard.

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