AASB 133 Requires a Bonus Issue Made During a Period

AASB 133 requires a bonus issue made during a period to be treated by:

A) removing the effect of the bonus issue by deflating the number of shares to the equivalent of the weighted-average number of ordinary shares that would have been on issue in the period if the bonus issue had not taken place.
B) no adjustment required; the calculation of the weighted-average number of shares issued during the period automatically takes into account the effect of issuing more shares.
C) increasing the number of shares issued before the bonus issue as if the bonus issue had been made at the beginning of the period. Previous period's earnings per share reported for comparative purposes should also be adjusted for the effect of the bonus issue.
D) calculating the earnings per share both by deflating the number of shares issued to pre-bonus issue numbers so that the earnings per share may be compared to previous periods and also calculating the 'post-bonus issue' earnings per share as a basis for continuing comparison in future periods.