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Disclosure of EPS

AKN FINANCIALSERVICES (146 Points)

06 June 2021

what are disclosure requirements of EPS to Private company, as they issues a Bonus Shares in Jan. 2021.

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5 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 06 June 2021

For bonus issue,

Certify that the company has adequate reserves balance.
CRR balance is available.
All pending dues are paid means interest on loan, Interest on deposits, there will be no statutory dues will be pending etc.
Bonus shall not be issued on partly paid up shares, if there is any partly paid up shares then that should be converted into fully paid up shares for bonus issue

AKN FINANCIALSERVICES (146 Points)
Replied 06 June 2021

Mr. Sourav read the question carefully, I am not asking procedure, I am asking disclosure requirement.

Anyone has correct answer then only reply, otherwise don't reply.

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 06 June 2021

I understand your query but I have just suggest the conditions for bonus issue. As the message is not being able to sent I'm unable to sent the disclosure. Read the disclosure carefully..

EPS is required to be disclosed without extraordinary items. EPS is required to be disclosed with and without extraordinary items. Requires the disclosure of basic and diluted EPS from continuing and discontinued operations separately.

Ankit Neema (2742 Points)
Replied 06 June 2021

EPS is required to be disclosed aspersions AS 20. You also need to restate the Previous Year EPS.
You need to disclose both Basic and Dilute EPS. For calculation of EPS Extraordinary ITEMs Adjustments also to be done.

yasaswi gomes (My grammar is 💯 good I) (7290 Points)
Replied 08 June 2021

Basis	IND AS 33	AS 20
Extraordinary items	EPS is required to be disclosed without extraordinary items.	EPS is required to be disclosed with and without extraordinary items.
Disclosure	Requires the disclosure of basic and diluted EPS from continuing and discontinued operations separately.	Does not require disclosure of basic and diluted EPS from continuing and discontinued operations separately.
Put options	Provides additional clarity and guidance on aspects like options held by entity on its own shares like: written put options, purchased options, etc.	Does not deal with these aspects