Kaido Pic Statement of changes in equity extract for the year ended 31 December 2020 Revaluation Retained Attributable to the owners of Kaido pic surplus earnings Em Em Balance brought forward 800.00 Total comprehensive income for the year 350.00 222.90 Transfer between reserves (17.50) 17.50 Dividends on ordinary shares (81.75) Balance carried forward 332.50 958.65 As well as revaluing property, plant and equipment during the year (incurring significant additional depreciation charges) Kaido pic also incurred $40 million of costs relating to the closure of a division. Kaido pic has $272.5 million of 50p ordinary shares in issue. The market price per share is 586p. Requirement Explain the following financial ratios referring to Kaido pic and relate them to the above information. (15 Marks) (a) Dividend per share = 15p (b) Earnings per share = Profit before ordinary dividends 222.90 = 40.9p No of ordinary shares in issue 545.00 (c) Dividend cover EPS = 40.90 = 2.7 Dividend per share 15.00 (d) Dividend yield Dividend per share E 15.00 = 0.03 Current market price per share 586.00 (e) Price/earnings ratio = Current market price per share 586.00 14.3 EPS 40.90