GEN - General - Issue Of Revised SAICA Circular On Headline Earnings
JSE
GEN
GEN - General - Issue Of Revised SAICA Circular On Headline Earnings
ISSUE OF REVISED SAICA CIRCULAR ON HEADLINE EARNINGS
Further to the announcement dated 25 June 2009, listed companies are reminded
that they are required, in terms of JSE Listing Requirements, to publish a
headline earnings figure which is currently determined in accordance with
Circular 8/2007 - Headline Earnings. Circular 8/2007 contains various rules on
International Financial Reporting Standards (IFRSs) which were issued before
June 2007. Many amendments to IFRSs have been issued since June 2007 and as
result Circular 3/2009 - Headline Earnings has been issued to revise Circular
8/2007. Circular 3/2009 amended the rules table of Circular 8/2007 to take into
account all amendments to IFRSs issued from June 2007 to April 2009 and is
effective for interim and/or annual financial periods ending on or after 31
August 2009.
Proposals to amend the rules table and terminology used in Circular 8/2007 were
issued in June 2009. Comments received on ED 265 - Proposed Circular on Headline
Earnings, were considered in finalising Circular 3/2009. The one major change
made to Circular 3/2009 as result of the comments received on the exposure
draft, was the effective date.
Circular 3/2009 - Headline Earnings can be downloaded from the SAICA website
https://www.saica.co.za/TechnicalInformation/Auditing/Circulars/tabid/876/langua
ge/en-ZA/Default.aspx.
28 August 2009
Date: 28/08/2009 11:27:01 Produced by the JSE SENS Department.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
