A.1 Scope

Under U.S. GAAP, ASC 260-10-15-3 provides a scope exception for investment companies and wholly owned subsidiaries (see Section 2.1 for more information). Under IFRS Accounting Standards, IAS 33 does not provide any scope exceptions for investment entities or wholly owned subsidiaries. Thus, such entities are required to present EPS if their ordinary shares or potential ordinary shares are traded in a public market or they have provided, or are providing, a filing to a regulatory organization to issue ordinary shares in the public market. However, in accordance with paragraph 4 of IAS 33, “[w]hen an entity presents both consolidated financial statements and separate financial statements,” the entity is required to present EPS “only on the basis of the consolidated information.”