Earnings Per Share and the Effects of Transactions with Minority Interests

At its October 2003 meeting, the Board considered whether companies that present earnings per share information should be required also to disclose an additional per share metric that includes in the numerator the effects of equity transactions with minority interests. The Board considered this issue in the light of the FASB's decision to require such a per share measure. The Board agreed to discuss disclosure of the proposed additional per-share measure further at the November meeting.

The Board agreed to allow such an additional per share metric provided the same denominator used for the mandatory earnings per share is used. It was noted that this is required by IAS 33 although some rewording may be necessary.