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Question 1 (EPS) The following summarised information is available in relation to La Scan, a publicly listed company in Australia Statement of comprehensive income extracts
Question 1 (EPS) The following summarised information is available in relation to La Scan, a publicly listed company in Australia Statement of comprehensive income extracts for years ended 30th June: 2018 2017 Continuing Discontinued Continuing Discontinued $'000 $'000 $'000 $'000 Profit after tax from: Existing operation 2,000 (750) 1750 600 Newly acquired operations* 450 nil *Acquired on the 1St November 2017 Analyst expect profits from the market sector in which La Scans existing operations are based to increase by 6% in the year to 30th June 2019 and by 8% in the sector of its newly acquired operations. On 1st July 2016 La Scan had: $12 million of $1 ordinary shares in issue. $5 million 8% convertible debentures 2023, the terms of conversion are 40 equity shares in exchange for each S100 of debenture
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