adihlaba Ltd had the following capital structure at 30 June 2014, its prior reporting date: Share type Number of shares Class A shares (issued at R1 each) 1 000 000 Class B shares (10% cumulative dividend) issued at 50c each 400 000 During the period ending 30 June 2015, the entity issued 300,000 new Class A shares to the existing shareholders as capitalization shares on 1 January 2015, and issued a further 200,000 Class A shares at their fair value o
Madihlaba Ltd had the following capital structure at 30 June 2014, its prior reporting date:
Share type Number of shares
Class A shares (issued at R1 each) 1 000 000
Class B shares (10% cumulative dividend) issued at 50c each 400 000
During the period ending 30 June 2015, the entity issued 300,000 new Class A shares to the existing
shareholders as capitalization shares on 1 January 2015, and issued a further 200,000 Class A shares
at their fair value of R2 each on 1 April 2015.
The following extract was obtained from the statement of changes in shareholders’ equity:
30/6/2015 30/6/2014
R'000 R'000
Retained income opening balance 3 080 2 000
Profit/(Loss) for the period 1 700 1 400
Less: Class B dividends (20) (20)
Less: Class A dividends (450) (300)
Retained income closing balance 4 310 3 080
REQUIRED:
3.1 Calculate basic earnings OR earnings attributable to ordinary shareholders for 2015.
3.2 Calculate the Weighted Average Number of Ordinary Shares (WANOS).
3.3 Hence calculate the Basic Earnings per share (EPS) for Class A shares.
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