The following is the abridged statement of comprehensive income of Sunlite Ltd for the year ended...
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The following is the abridged statement of comprehensive income of Sunlite Ltd for the year ended 31st March 2020 and 2019. 2020 2019 N$ N$ Profit from operations 3 862 500 3 012 000 165 300 Dividends received 186 750 Profit before tax 4 049 250 3 177 300 Income tax (1 313 300) (1 636 750) 2 412 500 Profit for the period 1 864 000 The issued ordinary share capital of Sunlite Ltd on 1st April 2018 was 1 800 000 shares of N$1 each. On 31st July 2018 the company issued 450 000 shares for cash. On 1st August 2019 the company made a bonus issue of three shares for every ten held. On 31st December 2019 a rights issue was made of one share for every nine held at 5 percent less than market value Dividends of N$1 100 000 (2012 - N$950 000) were paid to ordinary shareholders on 31st March 2020. Non-cumulative 10% preference dividends paid were N$100 000 (2019) and N$100 000 for the year ended 31st March 2020. REQUIRED Calculate basic EPS for the years ended 31st March 2019 and 2020. (25 marks) Show all relevant workings. The following is the abridged statement of comprehensive income of Sunlite Ltd for the year ended 31st March 2020 and 2019. 2020 2019 N$ N$ Profit from operations 3 862 500 3 012 000 165 300 Dividends received 186 750 Profit before tax 4 049 250 3 177 300 Income tax (1 313 300) (1 636 750) 2 412 500 Profit for the period 1 864 000 The issued ordinary share capital of Sunlite Ltd on 1st April 2018 was 1 800 000 shares of N$1 each. On 31st July 2018 the company issued 450 000 shares for cash. On 1st August 2019 the company made a bonus issue of three shares for every ten held. On 31st December 2019 a rights issue was made of one share for every nine held at 5 percent less than market value Dividends of N$1 100 000 (2012 - N$950 000) were paid to ordinary shareholders on 31st March 2020. Non-cumulative 10% preference dividends paid were N$100 000 (2019) and N$100 000 for the year ended 31st March 2020. REQUIRED Calculate basic EPS for the years ended 31st March 2019 and 2020. (25 marks) Show all relevant workings.
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Related Book For
Accounting Business Reporting for Decision Making
ISBN: 9780730302414
4th edition
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
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