PART B

Kaya Berhad has the following after-tax profits for its two most recent accounting periods:

• Year to 31 October 2019 RM330,000

• Year to 31 October 2020 RM341,000

On 1 November 2018, the companys issued share capital consisted of 500,000 ordinary shares. On 1 August 2020, the company made a 1 for 10 bonus issues.

Required:

Calculate from the above information:

1. The basic EPS for the year to 31 October 2020.

(4 marks)

2. The restated basic EPS for the year to 31 October 2019 and explain why this restatement is necessary.

(8 marks)