QUESTION 1 (15 Marks) The following information relates to Hardin Limited's year-ended 31 December 2020: The statement of comprehensive income shows profit for the year of R154 000. The calculation of this profit included the following income and expenses: Impairment of building: R64 000 (before tax: R74 000) Profit on sale of plant: R23 200 (before tax: R32 000) Inventory write-down: R10 000 (before tax: R15 000) The statement of changes in equity reflected preference dividends of R3 450. 12 000 shares in issue throughout the year. Required: Calculate the basic earnings and the headline earnings and disclose the headline earnings per share for the year-ended 31 December 2020 QUESTION 2 (15 Marks) The following information is provided for Present limited for the year ended 31 December 2020. Present Limited had basic earnings for 2020 of R520 000. This basic earnings figure was equal to its profit for the year. It had no components of other comprehensive income. Present Limited had 2 200 000 ordinary shares in issue throughout 2020. There were 461 000 options in issue at 31 December 2020 (granted to the directors for no value). Required: Calculate basic and diluted earnings per share for the year ended 31 December 2020. END OF PAPER