Question
Koala Ltd reports a net profit after tax of $1400 000 for the year ending 30 June 2022. At the beginning of the financial year
Koala Ltd reports a net profit after tax of $1400 000 for the year ending 30 June 2022. At the beginning of the financial year 1 st July 2021, Koala Ltd had 1000 000 fully paid ordinary shares on issue. It also had 400 000 $1.00,10%, cumulative preference shares outstanding. On 1 October 2021 the company issued a further 200 000 fully paid ordinary shares. On 1 May 2022, the company issued further fully paid shares on the basis of a one-for-six bonus issue. The last sale price per ordinary share prior to the bonus issue was $4.00 The basic EPS for the year ending 30 June 2021 was 180 cents.
Required:
a) Calculate the theoretical ex-bonus price and adjustment factor.
b) Compute the basic EPS amount for the year ended 30 June 2022.
c) Compute the adjusted comparative EPS for the year ended 30th June 2021.
On 1 May 2022, the company issued further fully paid shares on the basis of a one-for-six bonus issue. The last sale price per ordinary share prior to the bonus issue was $4.00 The basic EPS for the year ending 30 June 2021 was 180 cents.
a) Calculate the theoretical ex-bonus price and adjustment factor.
b) Compute the basic EPS amount for year ended 30 June 2022.
c) Compute the adjusted comparative EPS for year ended 30th June 2021.
Step by Step Solution
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1a Theoretical exbonus price 400 067 333 Adjustment factor 200...Get Instant Access to Expert-Tailored Solutions
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