Link with IAS 1 and IFRS 18

Learning objectives

• Explain the link with IAS 1 and IFRS 18 for the statement in which earnings per share are presented.L3

Normative references

• IAS 33 §66Presentation: the entity presents in the statement of comprehensive income basic and diluted earnings per share for profit or loss from continuing operations and for profit or loss attributable to ordinary equity holders of the parent, for each class of ordinary shares that has a different right to share in profit, with equal prominence for all periods presented. Presentation in a separate statement of profit or loss falls within para. 67A (and para. 4A), and the entities within scope within para. 2.
• IAS 33 §73Other per-share amounts (current requirement, before IFRS 18: paras. 73 and 73A): when an entity discloses, in addition to basic and diluted earnings per share, per-share amounts based on another reported component of profit, it calculates them using the same weighted average number of ordinary shares, discloses the basic and diluted amounts in the notes with equal prominence, states the basis of the numerator (including whether before or after tax) and provides a reconciliation when the component is not a reported line item. Future requirement (IFRS 18 consequential amendments, 1 January 2027, earlier application permitted together with IFRS 18): paras. 73 and 73A are deleted and replaced by paras. 73B and 73C (additional amounts only in the notes, numerator limited to a total or subtotal identified by IFRS 18 or a management-defined performance measure, same weighted average number of shares, equal prominence; for a management-defined performance measure, the disclosures required by IFRS 18, paras. 121 to 125).

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

1 question

• In its note on the presentation of earnings per share, which sentence of Lusignan SA is incorrect?L3