Scope
2
This Standard shall apply to:
(a) the separate or individual financial statements of an entity:
(i) whose ordinary shares or potential ordinary shares are traded in a public market (a domestic or foreign stock exchange or an over-the-counter market, including local and regional markets) or
(ii) that files, or is in the process of filing, its financial statements with a securities commission or other regulatory organisation for the purpose of issuing ordinary shares in a public market; and
(b) the consolidated financial statements of a group with a parent:
(i) whose ordinary shares or potential ordinary shares are traded in a public market (a domestic or foreign stock exchange or an over-the-counter market, including local and regional markets) or
(ii) that files, or is in the process of filing, its financial statements with a securities commission or other regulatory organisation for the purpose of issuing ordinary shares in a public market.
3
An entity that discloses earnings per share shall calculate and disclose earnings per share in accordance with this Standard.
4
When an entity presents both consolidated financial statements and separate financial statements prepared in accordance with AASB 10 Consolidated Financial Statements and AASB 127 Separate Financial Statements respectively, the disclosures required by this Standard need be presented only on the basis of the consolidated information. An entity that chooses to disclose earnings per share based on its separate financial statements shall present such earnings per share information only in its statement of comprehensive income. An entity shall not present such earnings per share information in the consolidated financial statements.
4A
If an entity presents items of profit or loss in a separate statement as described in paragraph 10A of AASB 101 Presentation of Financial Statements, it presents earnings per share only in that separate statement.