CERTYNEX IFRS ACADEMY

The management accountant of Lorient SA describes the basic earnings per share calculation in a working note. Which sentence of this note is incorrect?

The numerator is the profit attributable to the ordinary equity holders of the parent.

The denominator is the weighted average number of ordinary shares outstanding during the period.

The denominator is the number of ordinary shares outstanding at the end of the reporting period.

The calculation is also made for profit from continuing operations, when the entity presents them separately.