Issued March 2004Revised March 2010
Hong Kong Accounting Standard 33
Earnings per Share
© Copyright 2012 Hong Kong Institute of Certified Public Accountants This Hong Kong Financial Reporting Standard contains IFRS Foundation copyright material. Reproduction within Hong Kong in unaltered form (retaining this notice) is permitted for personal and non-commercial use subject to the inclusion of an acknowledgment of the source. Requests and inquiries concerning reproduction and rights for commercial purposes within Hong Kong should be addressed to the Director, Finance and Operation, Hong Kong Institute of Certified Public Accountants, 37/F., Wu Chung House, 213 Queen's Road East, Wanchai, Hong Kong.
All rights in this material outside of Hong Kong are reserved by IFRS Foundation. Reproduction of Hong Kong Financial Reporting Standards outside of Hong Kong in unaltered form (retaining this notice) is permitted for personal and non-commercial use only. Further information and requests for authorisation to reproduce for commercial purposes outside Hong Kong should be addressed to the IFRS Foundation at www.ifrs.org. Further details of the copyright notice form ifrs foundation is available at http://app1.hkicpa.org.hk/ebook/copyright-notice.pdf
HKAS 33 (March 2004March 2010)
HONG KONG ACCOUNTING STANDARD 33
EARNINGS PER SHARE
Basic Earnings per Share
Diluted Earnings per Share
Dilutive Potential Ordinary Shares
Options, warrants and their equivalents
Contingently issuable shares
Contracts that may be settled in ordinary shares or cash
Written put options
WITHDRAWAL OF OTHER PRONOUNCEMENTS
HKAS 33 (December 2007)
Comparison with International Accounting Standards
Amendments to Other Pronouncements
BASIS FOR CONCLUSIONS
TABLE OF CONCORDANCE
Hong Kong Accounting Standard 33 Earnings per Share
(HKAS 33) is set out in paragraphs 1-76 and Appendices A
and B. All the paragraphs have equal authority. HKAS 33
should be read in the context of its objective and the Basis for Conclusions, the Preface to Hong Kong Financial Reporting
Standards and the Framework for the Preparation and
Presentation of Financial Statements. HKAS 8 Accounting
Policies, Changes in Accounting Estimates and Errors
provides a basis for selecting and applying accounting
policies in the absence of explicit guidance.
HKAS 33 (March 2010)
Hong Kong Accounting Standard 33 Earnings per Share (HKAS 33) replaces SSAP 5 Earnings per Shares (revised in 1998), and should be applied for annual periods beginning on or after 1 January 2005. Earlier application is encouraged. The standard also replaces Interpretation 10 Earnings Per Share – Financial Instruments and Other Contracts that May Be Settled in Shares.
Reasons for issuing HKAS 33
The objectives of the Hong Kong Institute of Certified Public Accountants (HKICPA) issuing HKAS 33 were to reduce or eliminate alternatives, redundancies and conflicts within the Standards, to deal with some convergence issues and to make other improvements.
For HKAS 33 the HKICPA’s main objective was 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;...
Please join StudyMode to read the full document