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For the year to June 30, 2023, Bubble Ltd made profits before taxes amounting to $16,900,000. The company has in issue 12,000,000 ordinary shares, each

For the year to June 30, 2023, Bubble Ltd made profits before taxes amounting to $16,900,000.

The company has in issue 12,000,000 ordinary shares, each with a par value of $0.80.

The entity also has in issue the following instruments:

  • $3,100,000 18% convertible bond that can be converted to 90 ordinary shares for every $800 held
  • $6,400,000 9% convertible bond that can be converted to 120 ordinary shares for every $500 held

The entity's tax rate is 25%.

Calculate the BEPS for the year ended June 30, 2023 and the DEPS for the year ended June 30, 2023, showing all relevant workings.

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