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Keano plc prepares its financial statements to 31 December each year and has a capital structure consisting of: 100,000 10% preference shares 1; and 100,000
Keano plc prepares its financial statements to 31 December each year and has a capital structure consisting of:
100,000 10% preference shares 1; and
100,000 1 ordinary shares.
For the year ended 31 December 2019, Keano plc had profits after tax of 50,000.
For the year ended 31 December 2020, Keano plc had profits after tax of 60,000.
On 30 September 2020, Keano had a bonus issue of 100,000 ordinary shares.
Required
Calculate the EPS for the year ended 31 December 2019 and the corresponding figure for the year ended 31 December 2020.
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