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- Preference share capital: 50000 preference shares were issued on 1 January 2020 at N$ 2.00 each. Preference dividends are always declared and paid on

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- Preference share capital: 50000 preference shares were issued on 1 January 2020 at N\$ 2.00 each. Preference dividends are always declared and paid on 30 December of each year. - Additional information - There are 15000 options issued in 2020, each of which allows the holder to acquire four ordinary shares at N 5.00 per share. The options have already vested but will only expire in many years to come. - 40008% convertible debentures were issued on 1 January 2022 for N\$ 10.00 each. The debentures are convertible on 31 December 2026 at the option of the debenture holders into ordinary shares at a rate of 5 ordinary share for every debenture. - The average market price per ordinary share for 2021 and 2022 was N\$7.50. - Fox Limited made a profit for the year ended 31 December 2022 of N\$180 000 (2021: N\$150 000). Required Prepare the earnings per share note in accordance with International Financial Reporting Standards (IFRS) to be disclosed in Fox Limited's financial statements for the year ended 31 December 2022. (25)

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