16.3 The issued and fully paid share capital of Angli Inc remained unchanged at the following amounts since the date of incorporation until the financial year ended 31 March 2004:

• 1,200,000 ordinary shares with no par value

• 300,000 6 per cent participating preference shares of EUR 1 each.

The company has been operating at a profit for a number of years. As a result of a very conservative dividend policy followed by the directors during previous years, there is a large accumulated profit balance on the balance sheet.

On 1 July 2004, the directors decided to issue to all ordinary shareholders, two shares for every one previously held.

The following abstract was taken from the (non-compliant) consolidated income statement for the years ended 31 March 2005 and 2004 (amounts in euro):

2005 2004 Profit after tax 400,000 290,000 Minority interest (not IFRS compliant) (30,000) (20,000)

Net profit from ordinary activities 370,000 270,000 Extraordinary item (not IFRS compliant) – (10,000)

Profit for the year 370,000 260,000 The following dividends were paid or declared at the end of the reported periods

(amounts in euro):

2005 2004 Ordinary 165,000 120,000 Preference 34,500 30,000 The participating preference shareholders are entitled to share profits in the same ratio in which they share dividends, after payment of the fixed preference dividend. The shareholders will enjoy the same benefits during liquidation of the company.

(a) Calculate EPS for 2004 and 2005.

(b) Determine dividend per share for 2004 and 2005. Show your calculations.