IAS33_06 - IAS 33 International Accounting Standard 33...

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IAS 33 © IASCF 1369 International Accounting Standard 33 Earnings per Share This version includes amendments resulting from new and amended IFRSs issued up to 31 December 2005.
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IAS 33 1370 © IASCF C ONTENTS paragraphs INTRODUCTION IN1–IN3 INTERNATIONAL ACCOUNTING STANDARD 33 EARNINGS PER SHARE OBJECTIVE 1 SCOPE 2–4 DEFINITIONS 5–8 MEASUREMENT 9–63 Basic earnings per share 9–29 Earnings 12–18 Shares 19–29 Diluted earnings per share 30–63 Earnings 33–35 Shares 36–40 Dilutive potential ordinary shares 41–63 Options, warrants and their equivalents 45–48 Convertible instruments 49–51 Contingently issuable shares 52–57 Contracts that may be settled in ordinary shares or cash 58–61 Purchased options 62 Written put options 63 RETROSPECTIVE ADJUSTMENTS 64–65 PRESENTATION 66–69 DISCLOSURE 70–73 EFFECTIVE DATE 74 WITHDRAWAL OF OTHER PRONOUNCEMENTS 75–76 APPENDICES A Application guidance B Amendments to other pronouncements APPROVAL OF IAS 33 BY THE BOARD BASIS FOR CONCLUSIONS ILLUSTRATIVE EXAMPLES
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IAS 33 © IASCF 1371 International Accounting Standard 33 Earnings per Share (IAS 33) is set out in paragraphs 1–76 and Appendices A and B. All the paragraphs have equal authority but retain the IASC format of the Standard when it was adopted by the IASB. IAS 33 should be read in the context of its objective and the Basis for Conclusions, the Preface to International Financial Reporting Standards and the Framework for the Preparation and Presentation of Financial Statements . IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for selecting and applying accounting policies in the absence of explicit guidance.
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IAS 33 1372 © IASCF Introduction IN1 International Accounting Standard 33 Earnings per Share (IAS 33) replaces IAS 33 Earnings Per Share (issued in 1997), and should be applied for annual periods beginning on or after 1 January 2005. Earlier application is encouraged. The Standard also replaces SIC-24 Earnings Per Share—Financial Instruments and Other Contracts that May Be Settled in Shares . Reasons for revising IAS 33 IN2 The International Accounting Standards Board has developed this revised IAS 33 as part of its project on Improvements to International Accounting Standards. The project was undertaken in the light of queries and criticisms raised in relation to the Standards by securities regulators, professional accountants and other interested parties. The objectives of the project were to reduce or eliminate alternatives, redundancies and conflicts within the Standards, to deal with some convergence issues and to make other improvements. IN3 For IAS 33 the Board’s main objective was a limited revision to provide additional guidance and illustrative examples on selected complex matters, such as the effects of contingently issuable shares; potential ordinary shares of subsidiaries, joint ventures or associates; participating equity instruments; written put options; purchased put and call options; and mandatorily convertible instruments.
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IAS33_06 - IAS 33 International Accounting Standard 33...

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