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The following information is provided for Calakmul Bhd 1. The outstanding ordinary share capital as at 31 December 2014 was RM8 million, denominated at
The following information is provided for Calakmul Bhd 1. The outstanding ordinary share capital as at 31 December 2014 was RM8 million, denominated at RM1 each. The number of ordinary shares remained unchanged during the year. 2. On 1 March 2015, Calakmul Bhd consolidated two existing shares | into one share. 3. On 31 March 2016, the company issued 2 million ordinary shares at fair price for cash. The subscribers paid 50% of the capital. The company pays dividends on paid-up capital. The balance of capital was paid on 1 January 2017 4. On 1 January 2017 Calakmul Bhd issued 10% convertible loan stock of RM2 million. These debentures may be converted into ordinary shares of 100 ordinary shares for every RM100 of convertible loan stock 5. Year ended 31 December 2014 31 December 2015 31 December 2016 31 December 2017 Profit after tax and interest RM 380,000 400,000 440,000 490,000 6. Income tax on company profits is at 20%. Required: I. II. Calculate the Basic earnings per share for years 2014, 2015, 2008 and 2017 including is comparative figures (where relevant). Calculate the Diluted earnings per share for 2017 (2.5 marks)
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