Apricon Co had the same 5 million ordinary shares in issue on both 1 April 2017 and 31 March 2018. On 1 April 2017 the company issued 600,000 P1 units of 5% convertible loan stock. Each unit of stock is convertible into 4 ordinary shares on 1 April 2019 at the option of the holder. The following is an extract from Apricon Co's statement of profit or loss and other comprehensive income for the year ended 31 March 2018. Profit before interest and tax P000 Interest payable on 5% convertible loan stock 980 (20)