SECTION $A{?}_{(})$

Instruction: Complete $AL{L}_{?}$ questions from this section and upload within the stipulated time.

A$.$ Halium Company issued $400,000$ $$1006\%$ convertible loan notes on $1$ April $2015.$ The company has in issue $50M$$$1$ ordinary shares. Interest is payable annually in arrears on $31$ March each year. The loan notes can be converted to equity shares on the basis of $20$ shares for each $$100$ loan note on March $2018$ or redeemed at par for cash on the same date. The debt component of the loan is $$37,792M$ and a similar loan with no conversion right would be at $8\%$ interest. The carrying amount for the loan as at $31$ March $2016$ is $$38,415M$ with a finance cost of $$3\mathrm{.}023M.$ The company's tax rate is $20\%$ and the earnings for the period is $$14\mathrm{.}327M$

Calculate the diluted EPS for Halium Company for the year ended $31$st March $2016.$

$(12$ marks$)$

B$.$ On $1$ October $2019,$ Etta Co had $25$ million equity shares of $50$ cents each. No new shares were issued during the year ended $30$ September $2020.$ However, on that date, there was an outstanding share option to purchase $2$ million equity shares at $$1\mathrm{.}20$ each. The average value of equity shares during the year to September $30,2020,$ was $$3.$ Etta's profit after tax for the year$-$end was $$1,550,000.$

Calculate the basic and diluted earnings per share for Etta.

$(8$ marks$)$