Galaxy Co has $200,000$ ordinary shares in issue throughout the year ended $31$ January $20$X$1$ and reported a profit attributable to ordinary shareholders of $55,000$ Euros, so resulting in a basic EPS of $27\mathrm{.}5$c$.$ Galaxy Co also has convertible loan stock in issue at $31$ January $20$X$1$ on which interest of $30,000$ Euros was charged in $20$X$1.$ The loan stock is convertible in $20$X$5$ into $120,000$ ordinary shares. The company pays tax at $20\%.$

What is the diluted earnings per share for the year ended $31$ January $20$X$1$ calculated in accordance with IAS $33$ Earnings per Share? Calculate.

 

Answer rating: 100% (QA)

To calculate the Diluted Earnings Per Share DEPS we need to adjust the numerator and denominator use... View the full answer