- This topic has 1 reply, 2 voices, and was last updated 5 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
Halium Company issued 400,000 $100 6% 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 $3.023M. The company’s tax rate is 20% and the
earnings for the period is $14.327M
Calculate the diluted EPS for Halium Company for the year ended 31st March 2016.
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.