Weighted average number of shares schedule: tranches, events with no change in resources and adjustment factor

• Register of ordinary share movements: dates, numbers, consideration received

  Text

• Date retained for each movement (date the consideration is receivable) and weighting convention

  Text

• Conditions of contingently issuable shares, position at the reporting date and mandatorily convertible instruments

  Text

• Opening shares (or first period): number

  Number

  900,000 units

• Opening shares: months outstanding

  Number

  12 months

• Tranche 1 issued or added (or following period): number

  Number

  240,000 units

• Tranche 1: months outstanding

  Number

  9 months

• Tranche 2 issued or added: number

  Number

• Tranche 2: months outstanding

  Number

• Tranche 3 issued or added: number

  Number

• Tranche 3: months outstanding

  Number

• Shares repurchased or cancelled: number

  Number

  120,000 units

• Repurchased shares: months no longer outstanding

  Number

  3 months

• Number of shares before the event with no change in resources

  Number

• Restatement factor of event 1 (%)

  Number

• Restatement factor of event 2 (%)

  Number

• Price immediately before the rights are detached

  Number

• Theoretical ex-rights value per share

  Number

• Per-share basis (one share)

  Number

• Cash received on the issue

  Number

  1,440,000

• Amount credited to share capital

  Number

  480,000

• Amount credited to share premium

  Number

  960,000

• Cost of the repurchase of own shares

  Number

  660,000

• Amount of reserves capitalised

  Number

• Documents obtained and referenced (share register, minutes, issue agreements)

  EvidenceRequired

IAS 33 §19IAS 33 §20IAS 33 §21IAS 33 §23IAS 33 §24IAS 33 §26IAS 33 §27IAS 33 §28IAS 33 §A2

• Points reviewed: weighted average number and events

  ChecklistRequired

  • Denominator: weighted average number of ordinary shares outstanding
  • Time factor applied to shares issued or repurchased (a reasonable approximation is often acceptable)
  • Date of inclusion: date the consideration is receivable
  • Mandatorily convertible instruments: shares outstanding from the date of the contract
  • Contingently issuable shares: outstanding once all the conditions are met
  • Partly paid shares identified and treatment documented
  • Events with no change in resources identified (bonus issue, bonus element of a rights issue, share split, reverse split)
  • Adjustment as if the event had occurred at the beginning of the first period presented
  • Rights issue: adjustment factor = price before detachment / theoretical ex-rights value

IAS 33 §19IAS 33 §20IAS 33 §26IAS 33 §28IAS 33 §27IAS 33 §A2

• Opening shares weighted (number × months / 12)

  Calculation

  900,000

  Opening shares (or first period): number ; Opening shares: months outstanding

• Tranche 1 weighted (number × months / 12)

  Calculation

  180,000

  Tranche 1 issued or added (or following period): number ; Tranche 1: months outstanding

• Tranche 2 weighted (number × months / 12)

  Calculation

  Tranche 2 issued or added: number ; Tranche 2: months outstanding

• Tranche 3 weighted (number × months / 12)

  Calculation

  Tranche 3 issued or added: number ; Tranche 3: months outstanding

• Repurchased shares weighted (to deduct)

  Calculation

  30,000

  Shares repurchased or cancelled: number ; Repurchased shares: months no longer outstanding

• Weighted average number of ordinary shares

  CalculationRequired

  1,050,000

  Opening shares weighted (number × months / 12) ; Tranche 1 weighted (number × months / 12) ; Tranche 2 weighted (number × months / 12) ; Tranche 3 weighted (number × months / 12) ; − Repurchased shares weighted (to deduct)

• Number of shares restated for event 1

  Calculation

  Number of shares before the event with no change in resources ; Restatement factor of event 1 (%)

• Weighted average number restated for event 2

  Calculation

  Weighted average number of ordinary shares ; Restatement factor of event 2 (%)

• Adjustment factor of the rights issue

  Calculation

  Price immediately before the rights are detached ; Per-share basis (one share) ; Theoretical ex-rights value per share

• Entry: issue of shares for cash

  Entry

  Account	Debit	Credit
  Cash	1,440,000
  Share capital		480,000
  Share premium		960,000

• Entry: repurchase of own shares

  Entry

  Account	Debit	Credit
  Treasury shares	660,000
  Cash		660,000

• Entry: bonus issue by capitalisation of reserves

  Entry

  Debit Reserves ← Amount of reserves capitalised ; Credit Share capital ← Amount of reserves capitalised

IAS 33 §20IAS 33 §24IAS 33 §23

• Time weighting

  JudgmentRequired

  Reasonable approximation in months

  Exact weighting in days / Reasonable approximation in months

  Professional judgment: weighting uses a time factor (days outstanding over days in the period); a reasonable approximation is often acceptable. The choice of days or months is the case's, never a rule.

• Rationale: precision needed and difference from exact weighting

  Text

  WHOLE_MONTHS_CASE_CONVENTION

• Contingently issuable or mandatorily convertible shares

  JudgmentRequired

  Included from the date retained / Excluded: conditions not met

  Professional judgment: assess whether all the conditions are met and on what date, or the date of the contract for a mandatorily convertible instrument; no threshold is imposed.

• Rationale: conditions, date they are met or date of the contract

  Text

• Effect derived from the entries

  Table

IAS 33 §19IAS 33 §20IAS 33 §28

• Points to complete in the note

  ChecklistRequired

  • Weighted average number used as the denominator of basic earnings per share
  • Comparative periods restated and reason for the restatement
  • Time-weighting convention (days or months) described

• Draft note: movements in share capital and weighted average number

  Text

• Normative references cited in this workpaper

  References

• Judgment documentedPass
• Rationale writtenPass

Assets

780,000

Liabilities

0

Profit or loss

0

OCI

0

Equity

780,000

• Register of ordinary share movements: dates, numbers, consideration received

  Text

• Date retained for each movement (date the consideration is receivable) and weighting convention

  Text

• Conditions of contingently issuable shares, position at the reporting date and mandatorily convertible instruments

  Text

• Opening shares (or first period): number

  Number

  1,200,000 units

• Opening shares: months outstanding

  Number

  12 months

• Tranche 1 issued or added (or following period): number

  Number

  60,000 units

• Tranche 1: months outstanding

  Number

  8 months

• Tranche 2 issued or added: number

  Number

  30,000 units

• Tranche 2: months outstanding

  Number

  4 months

• Tranche 3 issued or added: number

  Number

  120,000 units

• Tranche 3: months outstanding

  Number

  3 months

• Shares repurchased or cancelled: number

  Number

• Repurchased shares: months no longer outstanding

  Number

• Number of shares before the event with no change in resources

  Number

  800,000 units

• Restatement factor of event 1 (%)

  Number

  150 %

• Restatement factor of event 2 (%)

  Number

  20 %

• Price immediately before the rights are detached

  Number

• Theoretical ex-rights value per share

  Number

• Per-share basis (one share)

  Number

• Cash received on the issue

  Number

• Amount credited to share capital

  Number

• Amount credited to share premium

  Number

• Cost of the repurchase of own shares

  Number

• Amount of reserves capitalised

  Number

  400,000

• Documents obtained and referenced (share register, minutes, issue agreements)

  EvidenceRequired

IAS 33 §19IAS 33 §20IAS 33 §21IAS 33 §23IAS 33 §24IAS 33 §26IAS 33 §27IAS 33 §28IAS 33 §A2

• Points reviewed: weighted average number and events

  ChecklistRequired

  • Denominator: weighted average number of ordinary shares outstanding
  • Time factor applied to shares issued or repurchased (a reasonable approximation is often acceptable)
  • Date of inclusion: date the consideration is receivable
  • Mandatorily convertible instruments: shares outstanding from the date of the contract
  • Contingently issuable shares: outstanding once all the conditions are met
  • Partly paid shares identified and treatment documented
  • Events with no change in resources identified (bonus issue, bonus element of a rights issue, share split, reverse split)
  • Adjustment as if the event had occurred at the beginning of the first period presented
  • Rights issue: adjustment factor = price before detachment / theoretical ex-rights value

IAS 33 §19IAS 33 §20IAS 33 §26IAS 33 §28IAS 33 §27IAS 33 §A2

• Opening shares weighted (number × months / 12)

  Calculation

  1,200,000

  Opening shares (or first period): number ; Opening shares: months outstanding

• Tranche 1 weighted (number × months / 12)

  Calculation

  40,000

  Tranche 1 issued or added (or following period): number ; Tranche 1: months outstanding

• Tranche 2 weighted (number × months / 12)

  Calculation

  10,000

  Tranche 2 issued or added: number ; Tranche 2: months outstanding

• Tranche 3 weighted (number × months / 12)

  Calculation

  30,000

  Tranche 3 issued or added: number ; Tranche 3: months outstanding

• Repurchased shares weighted (to deduct)

  Calculation

  Shares repurchased or cancelled: number ; Repurchased shares: months no longer outstanding

• Weighted average number of ordinary shares

  CalculationRequired

  1,280,000

  Opening shares weighted (number × months / 12) ; Tranche 1 weighted (number × months / 12) ; Tranche 2 weighted (number × months / 12) ; Tranche 3 weighted (number × months / 12) ; − Repurchased shares weighted (to deduct)

• Number of shares restated for event 1

  Calculation

  1,200,000

  Number of shares before the event with no change in resources ; Restatement factor of event 1 (%)

• Weighted average number restated for event 2

  Calculation

  256,000

  Weighted average number of ordinary shares ; Restatement factor of event 2 (%)

• Adjustment factor of the rights issue

  Calculation

  Price immediately before the rights are detached ; Per-share basis (one share) ; Theoretical ex-rights value per share

• Entry: issue of shares for cash

  Entry

  Debit Cash ← Cash received on the issue ; Credit Share capital ← Amount credited to share capital ; Credit Share premium ← Amount credited to share premium

• Entry: repurchase of own shares

  Entry

  Debit Treasury shares ← Cost of the repurchase of own shares ; Credit Cash ← Cost of the repurchase of own shares

• Entry: bonus issue by capitalisation of reserves

  Entry

  Account	Debit	Credit
  Reserves	400,000
  Share capital		400,000

IAS 33 §20IAS 33 §24IAS 33 §23

• Time weighting

  JudgmentRequired

  Reasonable approximation in months

  Exact weighting in days / Reasonable approximation in months

  Professional judgment: weighting uses a time factor (days outstanding over days in the period); a reasonable approximation is often acceptable. The choice of days or months is the case's, never a rule.

• Rationale: precision needed and difference from exact weighting

  Text

  WHOLE_MONTHS_CASE_CONVENTION

• Contingently issuable or mandatorily convertible shares

  JudgmentRequired

  Included from the date retained

  Included from the date retained / Excluded: conditions not met

  Professional judgment: assess whether all the conditions are met and on what date, or the date of the contract for a mandatorily convertible instrument; no threshold is imposed.

• Rationale: conditions, date they are met or date of the contract

  Text

  CONDITIONS_MET_AND_CONTRACT_DATES

• Effect derived from the entries

  Table

IAS 33 §19IAS 33 §20IAS 33 §28

• Points to complete in the note

  ChecklistRequired

  • Weighted average number used as the denominator of basic earnings per share
  • Comparative periods restated and reason for the restatement
  • Time-weighting convention (days or months) described

• Draft note: movements in share capital and weighted average number

  Text

• Normative references cited in this workpaper

  References

• Judgment documentedPass
• Rationale writtenPass

Assets

0

Liabilities

0

Profit or loss

0

OCI

0

Equity

0

• Register of ordinary share movements: dates, numbers, consideration received

  Text

• Date retained for each movement (date the consideration is receivable) and weighting convention

  Text

• Conditions of contingently issuable shares, position at the reporting date and mandatorily convertible instruments

  Text

• Opening shares (or first period): number

  Number

  1,200,000 units

• Opening shares: months outstanding

  Number

  12 months

• Tranche 1 issued or added (or following period): number

  Number

• Tranche 1: months outstanding

  Number

• Tranche 2 issued or added: number

  Number

• Tranche 2: months outstanding

  Number

• Tranche 3 issued or added: number

  Number

• Tranche 3: months outstanding

  Number

• Shares repurchased or cancelled: number

  Number

• Repurchased shares: months no longer outstanding

  Number

• Number of shares before the event with no change in resources

  Number

  800,000 units

• Restatement factor of event 1 (%)

  Number

  150 %

• Restatement factor of event 2 (%)

  Number

  20 %

• Price immediately before the rights are detached

  Number

• Theoretical ex-rights value per share

  Number

• Per-share basis (one share)

  Number

• Cash received on the issue

  Number

• Amount credited to share capital

  Number

• Amount credited to share premium

  Number

• Cost of the repurchase of own shares

  Number

• Amount of reserves capitalised

  Number

• Documents obtained and referenced (share register, minutes, issue agreements)

  EvidenceRequired

IAS 33 §19IAS 33 §20IAS 33 §21IAS 33 §23IAS 33 §24IAS 33 §26IAS 33 §27IAS 33 §28IAS 33 §A2

• Points reviewed: weighted average number and events

  ChecklistRequired

  • Denominator: weighted average number of ordinary shares outstanding
  • Time factor applied to shares issued or repurchased (a reasonable approximation is often acceptable)
  • Date of inclusion: date the consideration is receivable
  • Mandatorily convertible instruments: shares outstanding from the date of the contract
  • Contingently issuable shares: outstanding once all the conditions are met
  • Partly paid shares identified and treatment documented
  • Events with no change in resources identified (bonus issue, bonus element of a rights issue, share split, reverse split)
  • Adjustment as if the event had occurred at the beginning of the first period presented
  • Rights issue: adjustment factor = price before detachment / theoretical ex-rights value

IAS 33 §19IAS 33 §20IAS 33 §26IAS 33 §28IAS 33 §27IAS 33 §A2

• Opening shares weighted (number × months / 12)

  Calculation

  1,200,000

  Opening shares (or first period): number ; Opening shares: months outstanding

• Tranche 1 weighted (number × months / 12)

  Calculation

  Tranche 1 issued or added (or following period): number ; Tranche 1: months outstanding

• Tranche 2 weighted (number × months / 12)

  Calculation

  Tranche 2 issued or added: number ; Tranche 2: months outstanding

• Tranche 3 weighted (number × months / 12)

  Calculation

  Tranche 3 issued or added: number ; Tranche 3: months outstanding

• Repurchased shares weighted (to deduct)

  Calculation

  Shares repurchased or cancelled: number ; Repurchased shares: months no longer outstanding

• Weighted average number of ordinary shares

  CalculationRequired

  1,200,000

  Opening shares weighted (number × months / 12) ; Tranche 1 weighted (number × months / 12) ; Tranche 2 weighted (number × months / 12) ; Tranche 3 weighted (number × months / 12) ; − Repurchased shares weighted (to deduct)

• Number of shares restated for event 1

  Calculation

  1,200,000

  Number of shares before the event with no change in resources ; Restatement factor of event 1 (%)

• Weighted average number restated for event 2

  Calculation

  240,000

  Weighted average number of ordinary shares ; Restatement factor of event 2 (%)

• Adjustment factor of the rights issue

  Calculation

  Price immediately before the rights are detached ; Per-share basis (one share) ; Theoretical ex-rights value per share

• Entry: issue of shares for cash

  Entry

  Debit Cash ← Cash received on the issue ; Credit Share capital ← Amount credited to share capital ; Credit Share premium ← Amount credited to share premium

• Entry: repurchase of own shares

  Entry

  Debit Treasury shares ← Cost of the repurchase of own shares ; Credit Cash ← Cost of the repurchase of own shares

• Entry: bonus issue by capitalisation of reserves

  Entry

  Debit Reserves ← Amount of reserves capitalised ; Credit Share capital ← Amount of reserves capitalised

IAS 33 §20IAS 33 §24IAS 33 §23

• Time weighting

  JudgmentRequired

  Reasonable approximation in months

  Exact weighting in days / Reasonable approximation in months

  Professional judgment: weighting uses a time factor (days outstanding over days in the period); a reasonable approximation is often acceptable. The choice of days or months is the case's, never a rule.

• Rationale: precision needed and difference from exact weighting

  Text

  WHOLE_MONTHS_CASE_CONVENTION

• Contingently issuable or mandatorily convertible shares

  JudgmentRequired

  Included from the date retained / Excluded: conditions not met

  Professional judgment: assess whether all the conditions are met and on what date, or the date of the contract for a mandatorily convertible instrument; no threshold is imposed.

• Rationale: conditions, date they are met or date of the contract

  Text

• Effect derived from the entries

  Table

IAS 33 §19IAS 33 §20IAS 33 §28

• Points to complete in the note

  ChecklistRequired

  • Weighted average number used as the denominator of basic earnings per share
  • Comparative periods restated and reason for the restatement
  • Time-weighting convention (days or months) described

• Draft note: movements in share capital and weighted average number

  Text

• Normative references cited in this workpaper

  References

• Judgment documentedPass
• Rationale writtenPass

Assets

0

Liabilities

0

Profit or loss

0

OCI

0

Equity

0

• Register of ordinary share movements: dates, numbers, consideration received

  Text

• Date retained for each movement (date the consideration is receivable) and weighting convention

  Text

• Conditions of contingently issuable shares, position at the reporting date and mandatorily convertible instruments

  Text

• Opening shares (or first period): number

  Number

  5,250,000 units

• Opening shares: months outstanding

  Number

  3 months

• Tranche 1 issued or added (or following period): number

  Number

  6,000,000 units

• Tranche 1: months outstanding

  Number

  9 months

• Tranche 2 issued or added: number

  Number

• Tranche 2: months outstanding

  Number

• Tranche 3 issued or added: number

  Number

• Tranche 3: months outstanding

  Number

• Shares repurchased or cancelled: number

  Number

• Repurchased shares: months no longer outstanding

  Number

• Number of shares before the event with no change in resources

  Number

• Restatement factor of event 1 (%)

  Number

• Restatement factor of event 2 (%)

  Number

• Price immediately before the rights are detached

  Number

  10.5

• Theoretical ex-rights value per share

  Number

  10

• Per-share basis (one share)

  Number

  1 units

• Cash received on the issue

  Number

  7,500,000

• Amount credited to share capital

  Number

  1,000,000

• Amount credited to share premium

  Number

  6,500,000

• Cost of the repurchase of own shares

  Number

• Amount of reserves capitalised

  Number

• Documents obtained and referenced (share register, minutes, issue agreements)

  EvidenceRequired

IAS 33 §19IAS 33 §20IAS 33 §21IAS 33 §23IAS 33 §24IAS 33 §26IAS 33 §27IAS 33 §28IAS 33 §A2

• Points reviewed: weighted average number and events

  ChecklistRequired

  • Denominator: weighted average number of ordinary shares outstanding
  • Time factor applied to shares issued or repurchased (a reasonable approximation is often acceptable)
  • Date of inclusion: date the consideration is receivable
  • Mandatorily convertible instruments: shares outstanding from the date of the contract
  • Contingently issuable shares: outstanding once all the conditions are met
  • Partly paid shares identified and treatment documented
  • Events with no change in resources identified (bonus issue, bonus element of a rights issue, share split, reverse split)
  • Adjustment as if the event had occurred at the beginning of the first period presented
  • Rights issue: adjustment factor = price before detachment / theoretical ex-rights value

IAS 33 §19IAS 33 §20IAS 33 §26IAS 33 §28IAS 33 §27IAS 33 §A2

• Opening shares weighted (number × months / 12)

  Calculation

  1,312,500

  Opening shares (or first period): number ; Opening shares: months outstanding

• Tranche 1 weighted (number × months / 12)

  Calculation

  4,500,000

  Tranche 1 issued or added (or following period): number ; Tranche 1: months outstanding

• Tranche 2 weighted (number × months / 12)

  Calculation

  Tranche 2 issued or added: number ; Tranche 2: months outstanding

• Tranche 3 weighted (number × months / 12)

  Calculation

  Tranche 3 issued or added: number ; Tranche 3: months outstanding

• Repurchased shares weighted (to deduct)

  Calculation

  Shares repurchased or cancelled: number ; Repurchased shares: months no longer outstanding

• Weighted average number of ordinary shares

  CalculationRequired

  5,812,500

  Opening shares weighted (number × months / 12) ; Tranche 1 weighted (number × months / 12) ; Tranche 2 weighted (number × months / 12) ; Tranche 3 weighted (number × months / 12) ; − Repurchased shares weighted (to deduct)

• Number of shares restated for event 1

  Calculation

  Number of shares before the event with no change in resources ; Restatement factor of event 1 (%)

• Weighted average number restated for event 2

  Calculation

  Weighted average number of ordinary shares ; Restatement factor of event 2 (%)

• Adjustment factor of the rights issue

  Calculation

  1.05

  Price immediately before the rights are detached ; Per-share basis (one share) ; Theoretical ex-rights value per share

• Entry: issue of shares for cash

  Entry

  Account	Debit	Credit
  Cash	7,500,000
  Share capital		1,000,000
  Share premium		6,500,000

• Entry: repurchase of own shares

  Entry

  Debit Treasury shares ← Cost of the repurchase of own shares ; Credit Cash ← Cost of the repurchase of own shares

• Entry: bonus issue by capitalisation of reserves

  Entry

  Debit Reserves ← Amount of reserves capitalised ; Credit Share capital ← Amount of reserves capitalised

IAS 33 §20IAS 33 §24IAS 33 §23

• Time weighting

  JudgmentRequired

  Reasonable approximation in months

  Exact weighting in days / Reasonable approximation in months

  Professional judgment: weighting uses a time factor (days outstanding over days in the period); a reasonable approximation is often acceptable. The choice of days or months is the case's, never a rule.

• Rationale: precision needed and difference from exact weighting

  Text

  WHOLE_MONTHS_CASE_CONVENTION

• Contingently issuable or mandatorily convertible shares

  JudgmentRequired

  Included from the date retained / Excluded: conditions not met

  Professional judgment: assess whether all the conditions are met and on what date, or the date of the contract for a mandatorily convertible instrument; no threshold is imposed.

• Rationale: conditions, date they are met or date of the contract

  Text

• Effect derived from the entries

  Table

IAS 33 §19IAS 33 §20IAS 33 §28

• Points to complete in the note

  ChecklistRequired

  • Weighted average number used as the denominator of basic earnings per share
  • Comparative periods restated and reason for the restatement
  • Time-weighting convention (days or months) described

• Draft note: movements in share capital and weighted average number

  Text

• Normative references cited in this workpaper

  References

• Judgment documentedPass
• Rationale writtenPass

Assets

7,500,000

Liabilities

0

Profit or loss

0

OCI

0

Equity

7,500,000

• Register of ordinary share movements: dates, numbers, consideration received

  Text

• Date retained for each movement (date the consideration is receivable) and weighting convention

  Text

• Conditions of contingently issuable shares, position at the reporting date and mandatorily convertible instruments

  Text

• Opening shares (or first period): number

  Number

  4,480,000 units

• Opening shares: months outstanding

  Number

  3 months

• Tranche 1 issued or added (or following period): number

  Number

  5,000,000 units

• Tranche 1: months outstanding

  Number

  9 months

• Tranche 2 issued or added: number

  Number

• Tranche 2: months outstanding

  Number

• Tranche 3 issued or added: number

  Number

• Tranche 3: months outstanding

  Number

• Shares repurchased or cancelled: number

  Number

• Repurchased shares: months no longer outstanding

  Number

• Number of shares before the event with no change in resources

  Number

• Restatement factor of event 1 (%)

  Number

• Restatement factor of event 2 (%)

  Number

• Price immediately before the rights are detached

  Number

  11.2

• Theoretical ex-rights value per share

  Number

  10

• Per-share basis (one share)

  Number

  1 units

• Cash received on the issue

  Number

  5,200,000

• Amount credited to share capital

  Number

  1,000,000

• Amount credited to share premium

  Number

  4,200,000

• Cost of the repurchase of own shares

  Number

• Amount of reserves capitalised

  Number

• Documents obtained and referenced (share register, minutes, issue agreements)

  EvidenceRequired

IAS 33 §19IAS 33 §20IAS 33 §21IAS 33 §23IAS 33 §24IAS 33 §26IAS 33 §27IAS 33 §28IAS 33 §A2

• Points reviewed: weighted average number and events

  ChecklistRequired

  • Denominator: weighted average number of ordinary shares outstanding
  • Time factor applied to shares issued or repurchased (a reasonable approximation is often acceptable)
  • Date of inclusion: date the consideration is receivable
  • Mandatorily convertible instruments: shares outstanding from the date of the contract
  • Contingently issuable shares: outstanding once all the conditions are met
  • Partly paid shares identified and treatment documented
  • Events with no change in resources identified (bonus issue, bonus element of a rights issue, share split, reverse split)
  • Adjustment as if the event had occurred at the beginning of the first period presented
  • Rights issue: adjustment factor = price before detachment / theoretical ex-rights value

IAS 33 §19IAS 33 §20IAS 33 §26IAS 33 §28IAS 33 §27IAS 33 §A2

• Opening shares weighted (number × months / 12)

  Calculation

  1,120,000

  Opening shares (or first period): number ; Opening shares: months outstanding

• Tranche 1 weighted (number × months / 12)

  Calculation

  3,750,000

  Tranche 1 issued or added (or following period): number ; Tranche 1: months outstanding

• Tranche 2 weighted (number × months / 12)

  Calculation

  Tranche 2 issued or added: number ; Tranche 2: months outstanding

• Tranche 3 weighted (number × months / 12)

  Calculation

  Tranche 3 issued or added: number ; Tranche 3: months outstanding

• Repurchased shares weighted (to deduct)

  Calculation

  Shares repurchased or cancelled: number ; Repurchased shares: months no longer outstanding

• Weighted average number of ordinary shares

  CalculationRequired

  4,870,000

  Opening shares weighted (number × months / 12) ; Tranche 1 weighted (number × months / 12) ; Tranche 2 weighted (number × months / 12) ; Tranche 3 weighted (number × months / 12) ; − Repurchased shares weighted (to deduct)

• Number of shares restated for event 1

  Calculation

  Number of shares before the event with no change in resources ; Restatement factor of event 1 (%)

• Weighted average number restated for event 2

  Calculation

  Weighted average number of ordinary shares ; Restatement factor of event 2 (%)

• Adjustment factor of the rights issue

  Calculation

  1.12

  Price immediately before the rights are detached ; Per-share basis (one share) ; Theoretical ex-rights value per share

• Entry: issue of shares for cash

  Entry

  Account	Debit	Credit
  Cash	5,200,000
  Share capital		1,000,000
  Share premium		4,200,000

• Entry: repurchase of own shares

  Entry

  Debit Treasury shares ← Cost of the repurchase of own shares ; Credit Cash ← Cost of the repurchase of own shares

• Entry: bonus issue by capitalisation of reserves

  Entry

  Debit Reserves ← Amount of reserves capitalised ; Credit Share capital ← Amount of reserves capitalised

IAS 33 §20IAS 33 §24IAS 33 §23

• Time weighting

  JudgmentRequired

  Reasonable approximation in months

  Exact weighting in days / Reasonable approximation in months

  Professional judgment: weighting uses a time factor (days outstanding over days in the period); a reasonable approximation is often acceptable. The choice of days or months is the case's, never a rule.

• Rationale: precision needed and difference from exact weighting

  Text

  WHOLE_MONTHS_FILE_CONVENTION

• Contingently issuable or mandatorily convertible shares

  JudgmentRequired

  Included from the date retained / Excluded: conditions not met

  Professional judgment: assess whether all the conditions are met and on what date, or the date of the contract for a mandatorily convertible instrument; no threshold is imposed.

• Rationale: conditions, date they are met or date of the contract

  Text

• Effect derived from the entries

  Table

IAS 33 §19IAS 33 §20IAS 33 §28

• Points to complete in the note

  ChecklistRequired

  • Weighted average number used as the denominator of basic earnings per share
  • Comparative periods restated and reason for the restatement
  • Time-weighting convention (days or months) described

• Draft note: movements in share capital and weighted average number

  Text

• Normative references cited in this workpaper

  References

• Judgment documentedPass
• Rationale writtenPass

Assets

5,200,000

Liabilities

0

Profit or loss

0

OCI

0

Equity

5,200,000