Antidilutive instruments and subsequent events

Learning objectives

• Identify the disclosures about instruments excluded from diluted earnings per share because they are antidilutive and about share transactions after the reporting period that would have significantly changed the number of shares.L4

Normative references

• IAS 33Further disclosures: (c) instruments, including contingently issuable shares, that could potentially dilute basic earnings per share in the future but were not included in the diluted calculation because they are antidilutive for the period(s) presented; (d) a description of ordinary share or potential ordinary share transactions occurring after the reporting period (other than those accounted for under para. 64) that would have significantly changed the number of shares had they occurred before the end of the reporting period (examples in para. 71).

Original summaries of the paragraphs (reference register), never a quotation of the standard.

1 question

• 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?L4