Paragraphs 70-73 of AASB 133 prescribe various disclosures relating to earnings per share. The disclosures include:
I. The amounts used as the numerators (earnings) in the ratios.
II. The number of ordinary shares outstanding at the end of the financial year.
III. The weighted average number of ordinary shares used as the denominator in the ratios.
IV. A reconciliation of the earnings amounts to the profit or loss attributable to the parent entity. for the period including the individual effect of each class of instruments that affects earnings per share.

Question

Quizplus · Accepted Answer

The disclosures prescribed in paragraphs 70-73 of AASB 133 relate to earnings per share. The disclosures include the amounts used as the numerators (earnings) in the ratios (I), the weighted average number of ordinary shares used as the denominator in the ratios (III), and a reconciliation of the earnings amounts to the profit or loss attributable to the parent entity for the period including the individual effect of each class of instruments that affects earnings per share (IV). The number of ordinary shares outstanding at the end of the financial year (II) is also required to be disclosed. Therefore, the best choice is (B) I, III and IV.

Paragraphs 70-73 of AASB 133 Prescribe Various Disclosures Relating to Earnings