Which of the following does NOT need to present the disclosures required by IAS 33 in its separate financial statements?
A. An entity whose ordinary shares is traded in a foreign stock exchange
B. An entity that files, or is in the process of filing, its financial statements with a securities commission or other regulatory organisation for the purpose of issuing ordinary shares in a public market
C. An entity whose ordinary shares is traded in a domestic stock exchange
D. An entity presents both consolidated financial statements and separate financial statements prepared in accordance with IFRS 10 Consolidated Financial Statements and IAS 27 Separate Financial Statements respectively.
The disclosure requirements of IAS 33, Earnings per Share, apply to entities that prepare financial statements in accordance with International Financial Reporting Standards (IFRS). According to the standards, all entities preparing financial statements under IFRS are required to provide the disclosures stipulated by IAS 33, regardless of whether their shares are traded on a stock exchange or if they're in the process of issuing shares in a public market.
Hence, the correct answer is: D. An entity presents both consolidated financial statements and separate financial statements prepared in accordance with IFRS 10 Consolidated Financial Statements and IAS 27 Separate Financial Statements respectively.
