Question $3$a

Adzoa Brokewoman company Ltd$\text{'}$s profit after tax for the year to $31$ March $2021$ was GH&$351,000.$ The comparative figure for the year to $31$ March $2020$ was GH&$288,000.$ The company's issued share capital at $1$ April $2019$ consisted of $100,000$ ordinary shares. No shares were issued during the year to $31$ March $2020$ but a $1$ for $2$ rights issue was made on $1$ October $2020$ at $60$ p per share and this was fully subscribed. The market value of the company's shares just before the rights issue was GH& &${?}^{}1\mathrm{.}20$ per share.

Required in connection with IAS$33$ Earnings per Share:

i$.$ Outline four $(4)$ presentation and disclosure requirements.

$2$ marks

ii$.$ Why are issues at full market value treated differently from rights issues?

$2$marks

$\frac{31}{3}\frac{?}{200351},001288,00$

$3|$Page

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iii. Calculate basic EPS for the year to $31$ March $2021$ and the restated comparative figure for the year to $31$ March $2020.$

$5$ marks