JSE LIMITED - GEN - General -Public consultation process on proposed changes to the SAICA Circular on Headline Earnings

GEN - General  -Public consultation process on proposed changes to the SAICA Circular on Headline Earnings

GEN – General – Public consultation process on proposed changes to the SAICA
Circular on Headline Earnings


SAICA has issued an exposure draft entitled “Proposed Circular X/2015-Headline
Earnings” (the “HEPS ED”) which can be found on the SAICA website through the
following link:
https://www.saica.co.za/Portals/0/Technical/financial-
reporting/ED359ProposedCircularx2015HeadlineEarnings.pdf

The changes dealt with in the exposure draft (on which public comments are
sought) are explained in paragraph 76 of the HEPS ED. They relate largely to how
changes made to IFRS since 2013, and specifically IFRS 9-Financial Instruments,
are to be dealt with in the calculation of headline earnings.

The process to be followed in order to provide comments is detailed in the HEPS
ED. In summary, comments must be provided directly to SAICA, to be received by
them by no later than 14 August 2015.

15 July 2015

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