The following data relates to PT MENARI for 2012:
Profit before tax IDR 4,000,000,000,-
Tax rate applies 30%
Changes in Common Stock Transactions (in sheets) Cumulative (in sheets)
Jan. 1, 2012, Starting balance 1,000,000,000
March. 1, 2012, Purchase of treasury shares (120.000.000) 880.000.000
June 1, 2012, Stock split 2-1 880,000,000 1,760,000,000
Nov. 1, 2012, Issuance of new shares 240,000,000 2,000,000,000
8% Cumulative Convertible Preferred Stock
Sold at “par” value, convertible into 200,000,000 common shares
(already adjusted with the stock-split). IDR 2,000,000,000
Stock Options
Can be exercised at a share price of IDR 50 per share.
Average market price in 2012, Rp60 120,000,000 shares
(Market price and option price have been adjusted for stock split).
Requested:
(a) Calculate Basic Earnings Per Share for 2012 (round 2 digits behind the decimal point).
(b) Calculate Diluted Earnings Per Share for 2012 (round 2 digits behind the decimal point).