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Calculation of Basic EPS Simple Structure ( Bonus Issue) Exercise : 6 C company has the following after-tax profits for its two most recent accounting

Calculation of Basic EPS Simple Structure ( Bonus Issue) Exercise : 6 C company has the following after-tax profits for its two most recent accounting periods: RO'000 Year ended 31st December 2016 330 Year ended 31st December 2017 341 On 1st January 2016, the company's issued share capital consisted of 600,000 ordinary shares. On 1 August 2017, the company made a 1 for 6 bonus issue. Required: (a) Calculate basic EPS for the year 2017. (b) Calculate restated basic EPS for the year 2016 and explain why this restatement is necessary

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