Page 119 - F2 Integrated Workbook STUDENT 2019
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Earnings per share
3.2 Bonus issues and comparatives
Bonus issues are treated as if they have always existed.
Therefore, the impact of the bonus issue on the comparative (last
years) EPS calculation must be considered.
IAS 33 is treating the bonus issue as if it had also occurred in the
previous year.
Adjusted comparative EPS = Last years’ EPS × inverse
of the bonus fraction
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