I am currently doing past exam papers on the ACCA website in preparation for the March exam sitting.
I am struggling to understand the increase in PBIT to work out the revised EPS for the rights issue to raise Equity Finance.
I have correctly worked out the TERP for part 31ai)
Looking at the explanation for the answer, the workings say PBIT increases from 1597 to 1916, which then gives a revised profit after tax figure to work out the new EPS but no workings to back up where 1916 comes from.