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Exposure Draft of Limited Revisions to Accounting Standard (AS) 20, Earnings per Share (Comments to be received by May 10, 2013)
April, 09th 2013
                                      Exposure Draft

                  Limited revisions to Accounting Standard 20:
                               Earnings per Share
 The following is the Exposure Draft of the lim ited revisions to Accounting Standard (AS) 2 0,
 Earnings Per Share . The limited revisions are proposed primarily to address the conceptual
 lacuna in arriving at earnings for computing EPS. Section 78 of the Companies Act, 1956
 allows various adjustments in the securities premium account, which are inconsistent with
 the Accounting Standards. For example, adjustment s of prelim inary expenses against
 securities premium is not in accordance with AS 26, Intangible Assets. Also, adjustments
 are made against securities premium and other reserves under various Court Schemes which
 are in deviation from the Accounting Standards. The proposed amendment will ensure that
 earnings are computed in accordance with Accounting Standards for EPS purposes.

 The Board invites comments on any aspect of this Exposure Draft. Comments are most
 helpful if they contain a clear rationale and, where app licable, provide a suggestion for
 alternative wording.

 Comments should be submitted in writing to the Secretary, Accounting Standards Board,
 The Institute of Chartered Accountants of India, ICAI Bhawan, Post Box No. 7100,
 Indraprastha Marg, New Delhi ­ 110 002, so as to be received not later than ­ May 10,
 2013. Comments can also be sent by e -mail at edcommentsasb@ or asb@
 or asb@

 Paragraph 11 is amended. New text is underlined.

11. For the purpose of calculating basic earnings per share, the net profit or loss for the
    period attributable to equity shareholders should be the net profit or loss for the period

   (i)    deducting preference dividends and any attributable tax thereto for the period;

   (ii)   adjusting the amount in respect of an item of income or expense which is debited
          or credited to share premium account/reserves, that is otherwise required to be
          recognised in the statement of profit and loss in accordance with Accounting
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