Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Calculate the following ratios: 1. Dividends per share 2. Earnings payout 3. Earnings per share As at 31 December 2019 $ 2020 $ Notes Assets
Calculate the following ratios:
1. Dividends per share
2. Earnings payout
3. Earnings per share
As at 31 December 2019 $ 2020 $ Notes Assets Cash and cash equivalents Statutory deposit with Central Bank Investments Loans to customers Property and equipment Right of use asset Deferred tax asset Other assets Taxation recoverable Total assets 4 5 6 7 8 8 a 10 1,838,057 25,218,111 1,069,933 488,944,189 2,067,763 2,120,442 69,429 286,610 3,956,510 525,571,044 4,702,601 25,218,111 1,023,582 503,909,571 2,019,270 1,969,226 430,842 483,583 539,756,786 280,715,843 11 12 9 29 255,750,870 2,413,485 2,285,447 1,468,859 10 261,816 4,000,000 Liabilities Customers' deposits Bank overdraft Lease liabilities Other liabilities Taxation payable Deferred tax liability Dividend payable Total liabilities Shareholder's equity Share capital Statutory reserve General banking reserve Retained earnings Total shareholder's equity Total liabilities and equity 2,035,652 731,432 243,345 128,573 7,000,000 290,854,845 266,180,477 13 14 14 15,000,000 15,000,000 2,500,000 226,890,567 259,390,567 525,571,044 15,000,000 15,000,000 2,500,000 216,401,941 248,901,941 539,756,786 As at 31 December 2019 $ 2020 $ Notes Assets Cash and cash equivalents Statutory deposit with Central Bank Investments Loans to customers Property and equipment Right of use asset Deferred tax asset Other assets Taxation recoverable Total assets 4 5 6 7 8 8 a 10 1,838,057 25,218,111 1,069,933 488,944,189 2,067,763 2,120,442 69,429 286,610 3,956,510 525,571,044 4,702,601 25,218,111 1,023,582 503,909,571 2,019,270 1,969,226 430,842 483,583 539,756,786 280,715,843 11 12 9 29 255,750,870 2,413,485 2,285,447 1,468,859 10 261,816 4,000,000 Liabilities Customers' deposits Bank overdraft Lease liabilities Other liabilities Taxation payable Deferred tax liability Dividend payable Total liabilities Shareholder's equity Share capital Statutory reserve General banking reserve Retained earnings Total shareholder's equity Total liabilities and equity 2,035,652 731,432 243,345 128,573 7,000,000 290,854,845 266,180,477 13 14 14 15,000,000 15,000,000 2,500,000 226,890,567 259,390,567 525,571,044 15,000,000 15,000,000 2,500,000 216,401,941 248,901,941 539,756,786Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started