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Hi Tutor,
Could you kindly explain this paragraph relating to EPS, please?
”IAS 33, which only allows EPS based on an alternative profit figure to be disclosed in notes to the financial statements as an additional figure, and should not be disclosed on the face of the financial statements.”
Thanks.
There is only one EPS (basic/diluted) that is required to be disclosed in the statement of profit or loss and this must be calculated in accordance with IAS 33.
If management wants to present a different EPS (i.e. based on a different profit) it can only be presented in the notes.
This is assumed knowledge of IAS 33.
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