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Extracts from group financial statements of AB, a public limited company, year ended April 30, 20 21 . OMR ( m illions) Profit from continuing
Extracts from group financial statements of AB, a public limited company, year ended April 30, 2021.
OMR (millions)
Profit from continuing operations 35,000
Minority interest distributed1,500
Preference dividend30
Share capital at April 30, 2021
Ordinary shares of OMR 1 1,000
5% Convertible preference shares 300
Other Information
1. The profits for the three months to April 30, 2021, are OMR1,200 million.
2. On May 11, 2021, there was a bonus issue of one for four ordinary shares. The financial statements are made up to April 30, 2021, and had not yet been published.
3. XY plc, a 100% owned subsidiary of AB, has in issue 9% convertible bonds of OMR200 million that can be converted into one ordinary share of AB for every OMR10 worth of bonds. Income tax is levied at 33%.
Required
Calculate basic and diluted earnings per share.
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