The following information relates to Bull Limited for the year ended 30 June 2022 . 1. Protit for the year N5202 500 (2021: N5137 500 ). 2. 1 dity 2020: 250000 ordinary shares were already in issue a N\$5.00 each. 3. 31 March 2021: there was a rights issue on a basis of 1 ordinary share issued for every 5 aiready held at a price of N\$6.00. The maket value of the ondinary shares immedlately before the rights issue was N57.50 per share. 4. 30 November 2021: 50000 ordnay shares were issued at price of N35.00 per share. 5. There are 25000 options in existence, each of which allows the holder to acquire four shares as at N57 .00 per share. The options have alveady vested but will only expire in many years to come. The average maket price per ordinary share for 2021 and 2022 was N\$8.00. These options were in existence throughout 2021 and 2022 6. Preference shares in issue are convertible (at the option of the preference shareholders) into 50000 ordinary shares on 30 June 2024 . If not convented, the preference shares will be redeemed on 30 June 2026. Dividends of N51 000 are incurred annaly on these preference shares (these have been correctly accounted for as finance charges). The preference shares were in existence throughous 2021 and 2022 . 7. There are no components of other comprehensive income. 8. 1 August 2022: prior to the approval of the fnancial statements, it was discovered that fuel purchased on 1 Octuber 2019 for NS25 000 had beon incorrectly debiled to vehicles as a separate new vehicle. This tuel had at been used in the same year. The company depreciates vehicles on the straight-line method at 10% per annum to nil residual value. 2. All amounts are considered to be material. 10. Ignore tax