Document ID: chunk:federal_register_of_legislation:F2021C00879:body:0:p35
Version: federal_register_of_legislation:F2021C00879
Segment Type: other
Provision Reference: 
Character Range: 134770–141845

3/12                                                        1,570,000
Exercise of warrants on 1 September                                                                                           600,000
1 September–31 December                                                                                                       6,880,000                                      4/12                                                        2,293,333
Weighted-average shares                                                                                                                                                                                                                  6,076,667
Basic EPS
Profit from continuing operations                                                                                                                                                                               CU1.93
Loss from discontinued operations                                                                                                                                                                               (CU0.33)
Profit                                                                                                                                                                                                          CU1.60

Diluted EPS calculation
Profit from continuing operations attributable to ordinary equity holders of the parent entity                                                                               CU11,730,000
Plus: profit impact of assumed conversions
                                                                                                                              Preference share dividends        CU70,000
                                                                                                                              Interest on 5% convertible bonds  CU90,000(a)
Effect of assumed conversions                                                                                                                                                                    CU160,000
Profit from continuing operations attributable to ordinary equity holders of the parent entity including assumed conversions                                                                     CU11,890,000
Loss from discontinued operations attributable to the parent entity                                                                                                                              (CU2,000,000)
Profit attributable to ordinary equity holders of the parent entity including assumed conversions                                                                                                CU9,890,000
Weighted-average shares                                                                                                                                                                          6,076,667
Plus: incremental shares from assumed conversions
                                                                                                                              Warrants                          14,880(b)
                                                                                                                              Convertible preference shares     450,000(c)
                                                                                                                              5% convertible bonds              120,000(d)
Dilutive potential ordinary shares                                                                                                                                                               584,880
Adjusted weighted-average shares                                                                                                                                                                 6,661,547

Diluted EPS
Profit from continuing operations                                                                                                                                                                CU1.78
Loss from discontinued operations                                                                                                                                                                (CU0.30)
Profit                                                                                                                                                                                           CU1.48

 (a) (CU12,000,000 × 5%) ÷ 4; less taxes at 40%.
     (b) [(CU57.125* – CU55) ÷ CU57.125] × 600,000 = 22,320 shares; 22,320 × 8/12 = 14,880 shares*.
    The average market price from 1 January 20X1 to 1 September 20X1.
 (c) (800,000 shares × 5/12) + (200,000 shares × 7/12).
 (d) 480,000 shares × 3/12.

The following illustrates how Company A might present its earnings per share data in its statement of comprehensive income. Note that the amounts per share for the loss from discontinued operations are not required to be presented in the statement of comprehensive income.

For the year ended 20X1

                                     CU

Earnings per ordinary share
Profit from continuing operations    1.93
Loss from discontinued operations    (0.33)
Profit                               1.60

Diluted earnings per ordinary share
Profit from continuing operations    1.78
Loss from discontinued operations    (0.30)
Profit                               1.48

The following table includes the quarterly and annual earnings per share data for Company A. The purpose of this table is to illustrate that the sum of the four quarters' earnings per share data will not necessarily equal the annual earnings per share data. The Standard does not require disclosure of this information.

                                          First quarter     Second quarter     Third quarter     Fourth quarter     Full year

                                          CU                CU                 CU                CU                 CU

Basic EPS
Profit (loss) from continuing operations  0.98              1.10               0.15              (0.10)             1.93
Loss from discontinued operations         –                 –                  (0.31)            –                  (0.33)
Profit (loss)                             0.98              1.10               (0.16)            (0.10)             1.60

Diluted EPS
Profit (loss) from continuing operations  0.80              1.00               0.15              (0.10)             1.78
Loss from discontinued operations         –                 –                  (0.30)            –                  (0.30)
Profit (loss)                             0.80              1.00               (0.15)            (0.10)             1.48

Compilation details
Accounting Standard AASB 133 Earnings per Share (as amended)
Compilation details are not part of AASB 133.
This compiled Standard applies to annual periods beginning on or after 1 July 2021.  It takes into account