CERTYNEX IFRS ACADEMY

Alba SA's half-year report, which is within the scope of IAS 33, presents basic earnings per share in the condensed statement presenting profit or loss. According to the case, share options are outstanding, but diluted earnings per share are omitted. What is the error?

Diluted earnings per share must also be presented, with basic earnings per share, in the statement presenting profit or loss of the interim period.

Interim earnings per share are presented in the selected notes; they need not appear in the condensed statement presenting profit or loss of the interim period.

Basic earnings per share are themselves optional in interim reporting, IAS 34 referring the information on earnings per share to the entity's annual financial statements.

Diluted earnings per share must appear in the management report, outside the condensed statements, once the year has ended.