L i. The following information is provided for Taqwa Bhd. 1. 2. 3. 4. Year ended...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
L i. The following information is provided for Taqwa Bhd. 1. 2. 3. 4. Year ended 31 December 2018: The issued capital of Taqwa Bhd at 31 December 2018 was RM40 million. Its shares were denominated at RM0.50 each. Taqwa's earnings attributable to its ordinary shareholders for the year ended 31 December 2018 were RM30 million. Year ended 31 December 2019: On 1 July 2019, Taqwa issued 20 million ordinary shares at full market price. Earnings attributable to its ordinary shareholders for the year ended 31 December 2019 were RM42.4 million. Year ended 31 December 2020: On 1 March 2020 Taqwa made rights issue of one new ordinary shares at a price of RM3 each for every five ordinary shares held. The offer was fully subscribed. The market price of Taqwa shares immediately prior to the offer was RM4.00 each. On 1 January 2020, the directors of Taqwa were awarded share options on 48 million ordinary shares exercisable from 1 January 2019 at RM2.00 per share. The market value of Taqwa ordinary share for the year ended 31 December 2018 was RM6.00. Earnings attributable to its ordinary shareholders for the year ended 31 December 2020 were RM51.4 million. Basic earnings per share for years 2018, 2019 and 2020 including comparative figures (where relevant). Diluted eamings per share for 2020. (10 marks) [20 marks] L i. The following information is provided for Taqwa Bhd. 1. 2. 3. 4. Year ended 31 December 2018: The issued capital of Taqwa Bhd at 31 December 2018 was RM40 million. Its shares were denominated at RM0.50 each. Taqwa's earnings attributable to its ordinary shareholders for the year ended 31 December 2018 were RM30 million. Year ended 31 December 2019: On 1 July 2019, Taqwa issued 20 million ordinary shares at full market price. Earnings attributable to its ordinary shareholders for the year ended 31 December 2019 were RM42.4 million. Year ended 31 December 2020: On 1 March 2020 Taqwa made rights issue of one new ordinary shares at a price of RM3 each for every five ordinary shares held. The offer was fully subscribed. The market price of Taqwa shares immediately prior to the offer was RM4.00 each. On 1 January 2020, the directors of Taqwa were awarded share options on 48 million ordinary shares exercisable from 1 January 2019 at RM2.00 per share. The market value of Taqwa ordinary share for the year ended 31 December 2018 was RM6.00. Earnings attributable to its ordinary shareholders for the year ended 31 December 2020 were RM51.4 million. Basic earnings per share for years 2018, 2019 and 2020 including comparative figures (where relevant). Diluted eamings per share for 2020. (10 marks) [20 marks]
Expert Answer:
Answer rating: 100% (QA)
Basic Earnings Per Share EPS for 2018 EPS Earnings Attributable to Ordinary Shareholders Weighte... View the full answer
Related Book For
Auditing Assurance Services and Ethics in Australia an Integrated Approach
ISBN: 978-1442539365
9th edition
Authors: Alvin A Arens, Peter J. Best, Greg Shailer, Brenton Fiedler
Posted Date:
Students also viewed these accounting questions
-
The following information is provided for Heatherton Inc. (Heatherton): On October 31, 2018, Heatherton sold 4,800 units of inventory to customers. Required: Identify which inventory costs would be...
-
The following information is provided for the Loofa Corporation. During 2015, the following occurred: 1. Net income was $54,610. 2. Equipment was purchased for cash, and no equipment was sold. 3....
-
The following information is provided for Clova Ltd. (Clova): Required: a. Calculate ending inventory on December 31, 2017 and 2018, and cost of sales and gross margin for the years ended December...
-
Which of the following is true regarding the cell cycle (Campbell 12.3)? Cells in mitosis will have low levels of the protein cyclin. Cytokinesis occurs before mitosis Mitosis occurs in the S phase...
-
Assume that Tracy Company uses a periodic inventory system and has these account balances: Purchases $404,000; Purchase Returns and Allowances $13,000; Purchase Discounts $9,000; and Freight-In...
-
Roan Paper Co. produces the paper used by wallpaper manufacturers. Roan's four-stage process includes mixing, cooking, rolling, and cutting. On March 1, the Mixing Department had 300 rolls of paper...
-
A particle moving at speed \(0.40 c\) has kinetic energy \(K_{0}\). The speed of the particle is increased to \(0.80 c\). The kinetic energy is now A. Less than \(4 K_{0}\) B. Exactly \(4 K_{0}\) C....
-
Lander Company has an opportunity to pursue a capital budgeting project with a five-year time horizon. After careful study, Lander estimated the following costs and revenues for the project: Cost of...
-
1) Define univariate, bivariate, and multivariate data analysis and give an example of each. 2) A 20% potassium solution contains how many grams of potassium per 200 ml of solution? Show your work.
-
Prevosti Farms and Sugarhouse pays its employees according to their job classification. The following employees make up Sugarhouse's staff: Employee Number Name and Address Payroll information...
-
A. How did the experiment in Part I demonstrate surface tension? Use your experiment observations when answering this question. B. In Part I, when adding the needle to the water, which approach...
-
How do operating systems manage I/O operations efficiently, considering the various techniques like asynchronous I/O, scatter-gather I/O, and the role of device drivers in achieving optimal...
-
John's 8-year-old Chevrolet Trail Blazer requires repairs estimated at $11,000 to make it roadworthy again. His wife, Sherry, suggested that he should buy a 5-year-old used Jeep Grand Cherokee...
-
Explain what is a cost-loaded schedule? Discuss the two methods used to assign budget to activities
-
Write a C++ program that will prompt the user for a fruit name and the number of grams that one cup of the fruit contains. of sugar Your program will then print out a message that indicates whether...
-
ABC company purchase a Land for $400,000 and to build a $600,000 warehouse building that can use 10 years. What is the depreciation amount for each year given using a straight line depreciation...
-
The following are based on permutations of the five points of a regular pentagon. 2 3 - (2 3 481) 0 (a) Calculate a. (b) Find a . (c) Calculate (a)-. (d) Calculate a,a, a5.
-
APC16550D UART has a clock running at18.432 MHz and its baud rate is set to 2000.Determine the HEX contents of its DLM and DLL registers. Please can you explain step by step and in detail how you get...
-
Bancroft Corporation has an internal audit department operating out of head office. Various types of audit assignments are performed by the department for the eight divisions of the company. The...
-
You are conducting an audit of sales for James Smith Pty Ltd, a retail chain store with a computerized sales system in which computerised cash registers are integrated directly with accounts...
-
How do existing assurance standards apply to greenhouse gas emission assurance engagements?
-
During a drought, the supply of seeds available to a finch population decreases. The smaller, softer seeds, which are easier to crack, are quickly eaten up. Finches with larger, stronger beaks are...
-
Caterpillars of the Monarch butterfly eat plants that are toxic to other animals so that their tissues become toxic. Birds that try to eat Monarchs vomit and then avoid the striking orange-and-black...
-
You are eating a salad when you almost bite down on a green insect hidden among the lettuce leaves. The friend who is eating with you says, That would have been gross, but I dont think it would have...
Study smarter with the SolutionInn App