CERTYNEX IFRS ACADEMY

Cervin SA has options that are antidilutive for the year, and therefore excluded from the calculation of diluted earnings. After the reporting date and before authorisation for issue, it bought back a significant part of its ordinary shares. What additional information about the instruments and the transactions does it provide?

No additional information, since the options excluded from the calculation have no effect on the earnings per share presented, since the diluted calculation does not retain them in the denominator.

A description of the transaction after the reporting date, the antidilutive options not being mentioned since they are excluded.

The amount of the antidilutive effect of the options, without a description of the transaction after the reporting date.

The antidilutive instruments excluded from the calculation, and a description of the post-reporting-date transaction that would significantly change the number of shares.