Extracts from group financial statements of AB, a public limited company, year ended April 30, 2021....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Extracts from group financial statements of AB, a public limited company, year ended April 30, 2021. OMR (millions) Profit from continuing operations 35,000 Minority interest distributed 1,500 Preference dividend 30 Share capital at April 30, 2021 Ordinary shares of OMR 1 1,000 5% Convertible preference shares 300 Other Information 1. The profits for the three months to April 30, 2021, are OMR1,200 million. 2. On May 11, 2021, there was a bonus issue of one for four ordinary shares. The financial statements are made up to April 30, 2021, and had not yet been published. 3. XY plc, a 100% owned subsidiary of AB, has in issue 9% convertible bonds of OMR200 million that can be converted into one ordinary share of AB for every OMR10 worth of bonds. Income tax is levied at 33%. Required Calculate basic and diluted earnings per share. Extracts from group financial statements of AB, a public limited company, year ended April 30, 2021. OMR (millions) Profit from continuing operations 35,000 Minority interest distributed 1,500 Preference dividend 30 Share capital at April 30, 2021 Ordinary shares of OMR 1 1,000 5% Convertible preference shares 300 Other Information 1. The profits for the three months to April 30, 2021, are OMR1,200 million. 2. On May 11, 2021, there was a bonus issue of one for four ordinary shares. The financial statements are made up to April 30, 2021, and had not yet been published. 3. XY plc, a 100% owned subsidiary of AB, has in issue 9% convertible bonds of OMR200 million that can be converted into one ordinary share of AB for every OMR10 worth of bonds. Income tax is levied at 33%. Required Calculate basic and diluted earnings per share.
Expert Answer:
Answer rating: 100% (QA)
Computation of Basic Earning Per Share Particulars Amount in OMR Profit from continuing operation 35... View the full answer
Related Book For
Accounting
ISBN: 978-0176509743
Volume 1, 2nd canadian Edition
Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,
Posted Date:
Students also viewed these accounting questions
-
you joined Betterway Company (B Co.), a public limited company involved in manufacturing Cement and related products and supplying all over the country and across borders. Mark Selby (your senior at...
-
Benzyl chloride can be converted into benzaldehyde by treatment with nitro methane and base. The reaction involves initial conversion of nitro methane into its anion, followed by SN2 reaction of the...
-
Alkenes can be converted into alcohols by acid-catalyzed addition of water. Assuming that Markovnikov?s rule is valid, predict the major alcohol product from each of the following alkenes. H CH3CH-CH...
-
Lamonda Corp. uses a job order cost system. On April 1, the accounts had the following balances: The following transactions occurred during April: (a) Purchased materials on account at a cost of...
-
Recognition Can a firm choose a fair value option for reporting some of its investments on the balance sheet? If so, describe the conditions that must be met.
-
A grain storage bin has a square base, each side of which is 5.5 m longer than the height of the bin. If the bin holds 160 m 3 of grain, find its dimensions.
-
Refer to Exercise 13.10 where the response is \(y=\) increase in particle size. Besides the first replicate, the investigators also performed the experiments that form the star part of the design....
-
Sauer Milk Inc. wants to determine the minimum cost of capital point for the firm. Assume it is considering the following financial plans: a. Which of the four plans has the lowest weighted average...
-
5. [10 points] Consider the following graph: 2 5 3 6 a) Starting at vertex 1 and resolving ties by vertex d number, traverse the graph by depth- first search and construct the corresponding...
-
Johnson, an ICAEW Chartered Accountant working as a sole practitioner, acts for Sue, completing her income tax returns. Johnson has recently seen information proving that, on her last two tax...
-
generators. If G (+11). Show that (G.-) cyclic group and find its
-
British economists believe that the natural rate of unemployment in that country rose sharply during the 1970s, from around 3% to as much as 10%. During that period, Britain experienced a sharp...
-
Mario Bonsetti and Rico Sanchez incorporated Gnarly Vulcan Gear, Inc. (GVG), to manufacture windsurfing equipment. Bonsetti owned 60 percent of the corporations stock, and Sanchez owned 40 percent....
-
Lester Fulmer sold H2O Lifts and Ramps, LLC (H2O), to Hurt-Hoover Investments, LLC (HHI). HHI agreed to pay $550,000 of the price by a note in thirty-six installments. From the installments, HHI...
-
Suppose there is a large increase in the money supply in an economy that previously had low inflation. As a consequence, aggregate output expands in the short run. What does this say about situations...
-
William Sharp was the sole shareholder and manager of Chickasaw Club, Inc., an S corporation that operated a popular nightclub of the same name in Columbus, Georgia. Sharp maintained a corporate...
-
please show work thank you 5. Interest, inflation, and purchasing power Suppose Alyssa is a sports fan and buys only baseball caps. Alyssa deposits \( \$ 3,000 \) in a bank account that pays an...
-
A Firm intends to invest some capital for a period of 15 years; the Firm's Management considers three Options, each consisting of purchasing a machinery of a specific brand, different for each...
-
The following selected transactions were completed by Drains Co. during November of the current year. The company sells irrigation supplies to both wholesalers and retail customers. Nov. 2. Sold...
-
a. Indicate whether each of the following companies is primarily a service, merchandise, or manufacturing business. If you are unfamiliar with the company, use the Internet to locate the companys...
-
Using the financial statements of Leons Furniture Limited and Shoppers Drug Mart Corporation in Appendixes B and C, answer the following questions: 1. What depreciation methods are used for property,...
-
Most countries in Europe do not have stringent laws to protect whistleblowers. True/false
-
In view of significant financial losses to investors, corporate fraud does not really affect the U.S. economy and investor confidence. True/false
-
The National Crisis Inquiry Report (2011) concluded that the financial crisis was unavoidable. True/false
Study smarter with the SolutionInn App