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Madihlaba Ltd had the following capital structure at 30 June 2014, its prior reporting date: During the period ending 30 June 2015, the entity issued

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Madihlaba Ltd had the following capital structure at 30 June 2014, its prior reporting date: During the period ending 30 June 2015, the entity issued 300,000 new Class A shares to the existing shareholders as capitalization shares on 1 January 2015, and issued a further 200,000 Class A shares at their fair value of R2 each on 1 April 2015. The following extract was obtained from the statement of changes in shareholders' equity: REQUIRED: 3.1 Calculate basic earnings OR earnings attributable to ordinary shareholders for 2015 . (6) 3.2 Calculate the Weighted Average Number of Ordinary Shares (WANOS). (8) 3.3 Hence calculate the Basic Earnings per share (EPS) for Class A shares. (6)

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