Haarlem Bhd. (Haarlem) is a public listed company. As at 1 February 2018, Haarlem has the...

 

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Haarlem Bhd. (Haarlem) is a public listed company. As at 1 February 2018, Haarlem has the following shares in issued: 950.8 million ordinary shares, 138.7 million 5.4% preference shares, and - 146.5 million irredeemable preference shares. The following are the extract of statements of profit or loss and other comprehensive income of Haarlem for the year ended 31 January 2019 and 31 January 2020: Profit for the year Other comprehensive income: Revaluation surplus on property Remeasurement gain/(loss) on employee benefits liability Other comprehensive income Total comprehensive income for the year 31 January 2019 RM'000 945,200 22,400 12,100 34,500 979,700 31 January 2020 RM'000 884,600 34,300 (17,800) 16,500 901,100 The following information is related to the changes in the share capital of Haarlem: On 1 May 2018: The company issued 15.2 million ordinary shares at full market price RM7.45 each. On 30 October 2018 Haarlem made a 2-for-9 bonus issue. On 1 November 2018: Haarlem issued 48.3 million 7.5% convertible loan stocks at par which are convertible into ordinary shares in future as follows: Year ended 31 January 2023 2024 2025 On 31 March 2019: Harleem granted five directors an option for 850,000 shares each exercisable at RM7.25 per share. The options can be exercised between 1 February 2025 to 31 January 2026. The average fair value of one ordinary share during the period was RM7.84 per share. On 1 June 2019: No. of ordinary shares per RM100 loan stock 250 257 262 Haarlem made a 4-for-5 rights issue at RM7.63 per share. The rights issue was fully taken up. The fair value of one ordinary share immediately prior to the rights issue on 29 February 2020 was RM8.12. The basic earnings per share (EPS) of Haarlem for the year to 31 January 2018 was 45.57 sen. The income tax rates for years ended 31 January 2019 and 31 January 2020 was 24%. Required: Compute for Haarlem Bhd. the basic earnings per share and the diluted earnings per share for the years ended 31 January 2019 and 31 January 2020 together with their comparative figures where applicable. (14 marks) Haarlem Bhd. (Haarlem) is a public listed company. As at 1 February 2018, Haarlem has the following shares in issued: 950.8 million ordinary shares, 138.7 million 5.4% preference shares, and - 146.5 million irredeemable preference shares. The following are the extract of statements of profit or loss and other comprehensive income of Haarlem for the year ended 31 January 2019 and 31 January 2020: Profit for the year Other comprehensive income: Revaluation surplus on property Remeasurement gain/(loss) on employee benefits liability Other comprehensive income Total comprehensive income for the year 31 January 2019 RM'000 945,200 22,400 12,100 34,500 979,700 31 January 2020 RM'000 884,600 34,300 (17,800) 16,500 901,100 The following information is related to the changes in the share capital of Haarlem: On 1 May 2018: The company issued 15.2 million ordinary shares at full market price RM7.45 each. On 30 October 2018 Haarlem made a 2-for-9 bonus issue. On 1 November 2018: Haarlem issued 48.3 million 7.5% convertible loan stocks at par which are convertible into ordinary shares in future as follows: Year ended 31 January 2023 2024 2025 On 31 March 2019: Harleem granted five directors an option for 850,000 shares each exercisable at RM7.25 per share. The options can be exercised between 1 February 2025 to 31 January 2026. The average fair value of one ordinary share during the period was RM7.84 per share. On 1 June 2019: No. of ordinary shares per RM100 loan stock 250 257 262 Haarlem made a 4-for-5 rights issue at RM7.63 per share. The rights issue was fully taken up. The fair value of one ordinary share immediately prior to the rights issue on 29 February 2020 was RM8.12. The basic earnings per share (EPS) of Haarlem for the year to 31 January 2018 was 45.57 sen. The income tax rates for years ended 31 January 2019 and 31 January 2020 was 24%. Required: Compute for Haarlem Bhd. the basic earnings per share and the diluted earnings per share for the years ended 31 January 2019 and 31 January 2020 together with their comparative figures where applicable. (14 marks)

Answer rating: 100% (QA)

ANSWER Basic EPS 2019 8846009508 million 00929 2020 9452009508 million 00993 Diluted EPS 2019 884600... View the full answer