Henshaw plc had issued ordinary share capital of 37,500 shares @ €1 each at the year ended 31 December 2018. Henshaw plc pays corporation tax at the rate of 12.5%. Each of the following should be considered independently of each other.

€ 2018 Profit before Tax 6,870 Dividends: Preference 420 Ordinary 300 2017 Profit before Tax 7,259 Dividends: Preference 360 Ordinary 260 

1. Calculate the basic EPS for 2018 and 2017. 

2. On 1 September 2018, Henshaw plc had a bonus issue of 20,000 ordinary shares; calculate the basic EPS for 2018 and 2017, as they would appear in the financial statements for the year ended 31 December 2018. 

3. Henshaw plc issued 30,000 ordinary shares on 1June 2018 at full market price. Calculate the basic EPS for 2018 and 2017, as they would appear in the financial statements for the year ended 31 December 2018. 

4. On 30 June 2018, when the market price was €2.50 per share, Henshaw plc invited its shareholders to subscribe to a 2 for 3 rights issue at €1.80 per share. Calculate the basic earnings per share for 2018 and the basic EPS for 2017, as they would appear in the 2018 financial statements.