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EPS for bonus issue and right issue

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › EPS for bonus issue and right issue

  • This topic has 0 replies, 1 voice, and was last updated 8 years ago by leowei.
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  • November 8, 2017 at 12:52 pm #414838
    leowei
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    • Topics: 1
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    The issued share capital of a company at 31/3/2013 was $10million.It shares are denominated at $0.25 each.The earning attribute for the year ended 31/3/2013 were also $10million,giving an EPS of $0.25.
    On 1/7/2013 the company issued 8 million shares at full market value.On 1/1/2014 bonus issue of 1 new ordinary share for every 4 ordinary shares held was made.Earning for the year ended 31/3/2014 were $13.8million.
    On1/10/2014, the company made a right issue of shares for 2 new ordinary shares at a price of $1each for every 5 held.The market price of company’s ordinary shares immediately prior to the offer was $2.40.Earning attribute for the year ended 31/3/2015 were $19.5million.

    What is the EPS for the year ended 31/3/2014 &2015??

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