Extracts from the statements of profit or loss of Longstone plc for the years ended 31 December 20X4 and 20X5 are set out as follows: LO5 20X4 20X5

£000 £000 Profit from operations 4,030 4,890 Finance charges (730) (760)

Profit before tax 3,300 4,130 Taxation (1,150) (1,360)

Profit after tax 2,150 2,770 On 1 January 20X4 the issued share capital of the company was £4,600,000 in 6%

irredeemable preference shares of £1 each and £4,140,000 in equity shares of 50p each.

On 1 October 20X4 the company made a rights issue of 50p equity shares in the proportion of 1 for every 5 shares held, at a price of £0.60. The market price for the shares on the last day of quotation cum rights was £0.90 per share.

On 1 May 20X5 the company raised £2,750,000 from an issue of equity shares at full market value of £1.10 per share.

The company has paid the full preference dividend each year.

Basic earnings per share for 20X3 was 20.5p.

Required:

Calculate the earnings per share figures for disclosure in Longstone plc’s financial statements for the years ended 31 December 20X4 and 20X5, including comparative figures.