The following information extracts from Yoyo Bhd's financial statements: (1) Extracts from the Yoyo's statement of...

 

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The following information extracts from Yoyo Bhd's financial statements: (1) Extracts from the Yoyo's statement of financial position as at 1 November 2019: RM¹000 Ordinary shares capital 70,000 6% Convertible Preference shares 12,000 61% Bank Loan 6,000 Notes: (1) Issued share capital on 1 November 2019 comprise 50 million ordinary shares and 12 million cumulative preference shares. (2) The preference shares are convertible into ordinary shares at the option of the preference shareholder on the basis of 4 preference shares for each ordinary share issued. (3) Bank Loan will be repayable at 31 March 2026. (ii) Extracts from the statements of profit or loss of Yoyo Bhd for the years ending 31 October 2020 and 2021: 2020 2021 RM'000 RM'000 Profit before tax 54,600 72,100 Taxation 13,100 17,300 Non-controlling interest 9,800 11,400 Preference dividends (720) (1,080) (2,100) Ordinary dividends (3,150) (iii) Changes in capital structure during the years ended 31 October 2020 and 2021 are as follows: (1) On 31 March 2020, the company issued 20 million ordinary shares for cash at fair market value of RM3.38. (2) On 1 October 2020, the company made a bonus issue of one ordinary share for every five shares presently held. (3) On 1 November 2020, the company issued RM8 million 7% convertible loan notes. The conversion rate was 70 ordinary shares for every RM250 loan notes. (4) On 1 August 2021, the company made rights issue of one ordinary share for every four held at RM2.60 each. The market price of each ordinary share immediately before the issue was RM3.50. (iv) The basic EPS for the year ended 31 October 2019 was 48.40 sen. (v) Tax rate is 25%. Required: Calculate the basic and diluted earnings per share for the years ended 31 October 2020 and 2021, restating earnings per share where necessary. [15 Marks] The following information extracts from Yoyo Bhd's financial statements: (1) Extracts from the Yoyo's statement of financial position as at 1 November 2019: RM¹000 Ordinary shares capital 70,000 6% Convertible Preference shares 12,000 61% Bank Loan 6,000 Notes: (1) Issued share capital on 1 November 2019 comprise 50 million ordinary shares and 12 million cumulative preference shares. (2) The preference shares are convertible into ordinary shares at the option of the preference shareholder on the basis of 4 preference shares for each ordinary share issued. (3) Bank Loan will be repayable at 31 March 2026. (ii) Extracts from the statements of profit or loss of Yoyo Bhd for the years ending 31 October 2020 and 2021: 2020 2021 RM'000 RM'000 Profit before tax 54,600 72,100 Taxation 13,100 17,300 Non-controlling interest 9,800 11,400 Preference dividends (720) (1,080) (2,100) Ordinary dividends (3,150) (iii) Changes in capital structure during the years ended 31 October 2020 and 2021 are as follows: (1) On 31 March 2020, the company issued 20 million ordinary shares for cash at fair market value of RM3.38. (2) On 1 October 2020, the company made a bonus issue of one ordinary share for every five shares presently held. (3) On 1 November 2020, the company issued RM8 million 7% convertible loan notes. The conversion rate was 70 ordinary shares for every RM250 loan notes. (4) On 1 August 2021, the company made rights issue of one ordinary share for every four held at RM2.60 each. The market price of each ordinary share immediately before the issue was RM3.50. (iv) The basic EPS for the year ended 31 October 2019 was 48.40 sen. (v) Tax rate is 25%. Required: Calculate the basic and diluted earnings per share for the years ended 31 October 2020 and 2021, restating earnings per share where necessary. [15 Marks]

Answer rating: 100% (QA)

Basic EPS for 2020 5460070000000 078 Diluted EPS for 2020 5460070000... View the full answer