XYZ Ltd is a public company listed on the Australian Securities Exchange. You are provided with the following information about XYZ:

These shares were issued on 1 January 2023 and are payable over the following three years.

• The allotment of shares pursuant to the Dividend Reinvestment Plan was 1000000. ‘Dividend declared to shareholders registered in the books of the company at the close of business on 31 March 2024. The company will mail the dividend on 15 April 2024.’
• Call of partly paid shares during the year

• The current share price at reporting date is $2.50.
• The average share price for the year is $2.50.
• Ten million options were issued on 1 January 2022, exercisable at $2.60 on or before 31 December 2026.
• Ten million options were issued on 30 June 2022, exercisable at $2.10 on or before 30 June 2025.
• The company income tax rate is 40 per cent.

Required

Calculate basic earnings per share and diluted earnings per share as at 30 June 2024.

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Earnings (profit after tax) for six months ended 31 December 2023 Earnings (profit after tax) for six months ended 30 June 2024 Fully paid ordinary shares as at 30 June 2023 Outstanding partly paid shares as at 30 June 2023 -Number - Issue price Paid to - 90 000 000 10 000 000 $2.00 $1.00 $ 10 000 000 13 000 000 23 000 000