You are given the following information relating to Santos plc: LO5

£000 £000 Profit before tax 4,131 Tax (1,629)

Profit after tax 2,502 Non-controlling interests (90)

2,412 Retained profits at 1 January 20X3 5,268 7,680 Dividends: preference 45 equity 669 (714)

Retained profits at 31 December 20X3 6,966 From 1 January 20X2 until 31 March 20X3 the issued share capital of Santos plc was as follows:

Equity 25p shares £3,000,000 5% irredeemable preference shares of £1 each £900,000 On 1 April 20X3 Santos made a 1 for 4 rights issue of equity shares at £1. The market price of an equity share of Santos on the last day of quotation cum rights was £1.50.

The earnings per share for the year ended 31 December 20X2 had been calculated at 15.0 pence.

In accordance with the requirements of IAS 33, you are required to:

Calculate the basic EPS of Santos plc for the year ended 31 December 20X3 Calculate the adjusted basic EPS of Santos plc for the year ended 31 December 20X2 Show how the results of your calculations, together with any necessary notes, would be disclosed in the financial statements of Santos plc.