Aqua-fuel Ltd is a fast-growing marine biotech company operating in the ASEAN region. The following information relates to Aqua-fuel Ltd: Besides the ordinary shares above, for many years Aqua-fuel Ltd has also had in issue £3.00 million 5% preference shares. On 1 July 2021, Aqua-fuel Ltd issued an additional 600,000 ordinary shares at full market price. On 1 August 2021, Aqua-fuel Ltd made a rights issue of three ordinary share for every ten ordinary shares in issue at a price of £2.35 per share. The share issue was fully subscribed. On 31 July 2021, the market price of one share in Aqua-fuel Ltd was £3.00. The average price of one share in Aqua-fuel Ltd during the year ended 31 December 2021 was £2.94. In addition, employees who have worked at Aqua-fuel Ltd since 1 January 2019 have been granted options to purchase 2,000,000 ordinary shares at £2.10 per share on 1 January 2023. Required (a) Calculate basic earnings per share for Aqua-fuel Ltd for the year ended 31 December 2021. (b) Calculate fully diluted earnings per share for Aqua-fuel Ltd for the year ended 31 December 2021.

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.