centum Ltd has prepared its consolidated financial statements for the year 30th September 2019 extracts of which are shown below. also provided below are extracts of the consolidated financial statements for the year 30th September 2018  

year ended 30 september 2019

She"000"

profit before interest are tax 8,830

finance cost 1,045

Tax charger 1,718

ordinary dividends paid 120

preference dividends paid 60

profit attributable 180

you have also obtained the following information in respect of the company's share capital:

1. ordinary share capital as of 1st October 2017 has shs 15,000,000 made up of shaves of shs 5 par value.

2. centum ltd issued some shs 500,00 ordinary shares of full market value on 1st January 2018.

3. centum ltd also made a rights issue of shs 2 ordinary share for every 10 ordinary shares as at 1st april 2019, the rights price per share shs 425

4. centum ltd also has shs 1,000,000 6% shs 10 par value non redeemable shares as at 1st October 2018

Requied

a) the basic earing per share (EPS) for the year ended 30 september 2018

b) the basic earing per share (EPS) for the year ended 30 september 2019

Answer rating: 100% (QA)

To calculate the basic earnings per share EPS for the year ended September 30 2018 we need the follo... View the full answer