HKAS

Topics: International Financial Reporting Standards, Income statement, Option Pages: 125 (15479 words) Published: November 20, 2013
HKAS 33
Issued March 2004Revised March 2010

Hong Kong Accounting Standard 33

Earnings per Share

HKAS 33

COPYRIGHT
© 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

© Copyright

2

HKAS 33 (March 2004March 2010)

CONTENTS
paragraphs
INTRODUCTION

IN1-IN3

HONG KONG ACCOUNTING STANDARD 33
EARNINGS PER SHARE
OBJECTIVE

1

SCOPE

2-4A

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

70-73A

EFFECTIVE DATE

74-74A

WITHDRAWAL OF OTHER PRONOUNCEMENTS

© Copyright

3

75-76

HKAS 33 (December 2007)

APPENDICES:
Comparison with International Accounting Standards
Appendix A

Application Guidance

Appendix B

Amendments to Other Pronouncements

BASIS FOR CONCLUSIONS
ILLUSTRATIVE EXAMPLES
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.

© Copyright

4

HKAS 33 (March 2010)

Introduction
IN1

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
IN2

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.

IN3

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;...
Continue Reading

Please join StudyMode to read the full document

Become a StudyMode Member

Sign Up - It's Free