Samra Ltd has 2 000 000 ordinary shares on issue at the beginning of the year, 1 July 2014. These shares were issued at $2.00 each and at the end of the period have a current market value of $4.50. On 1 August 2014, Samra Ltd bought back 600 000 ordinary shares originally issued at $2.50 for $3.00 each. On 1 November 2014, 500 000 shares were issued fully paid up at the current market value of these shares. On 1 March 2015, 200 000 partly paid-up ordinary shares were issued at an issue price of $3.50. These shares were partly paid to $2.00. The partly paid shares are permitted proportionate rights to vote and receive dividends based on the relationship between the amount paid up and the issue price. Based on the above information calculate: What is the weighted-average number of shares calculated in accordance with AASB 133? Calculate earnings per share. Write the complete formula and provide all the steps in details.
Samra Ltd has 2 000 000 ordinary shares on issue at the beginning of the year, 1 July 2014. These shares were issued at $2.00 each and at the end of the period have a current market value of $4.50. On 1 August 2014, Samra Ltd bought back 600 000 ordinary shares originally issued at $2.50 for $3.00 each. On 1 November 2014, 500 000 shares were issued fully paid up at the current market value of these shares. On 1 March 2015, 200 000 partly paid-up ordinary shares were issued at an issue price of $3.50. These shares were partly paid to $2.00. The partly paid shares are permitted proportionate rights to vote and receive dividends based on the relationship between the amount paid up and the issue price. Based on the above information calculate: What is the weighted-average number of shares calculated in accordance with AASB 133? Calculate earnings per share. Write the complete formula and provide all the steps in details.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Samra Ltd has 2 000 000 ordinary shares on issue at the beginning of the year, 1 July 2014. These shares were issued at $2.00 each and at the end of the period have a current market value of $4.50. On 1 August 2014, Samra Ltd bought back 600 000 ordinary shares originally issued at $2.50 for $3.00 each. On 1 November 2014, 500 000 shares were issued fully paid up at the current market value of these shares. On 1 March 2015, 200 000 partly paid-up ordinary shares were issued at an issue price of $3.50. These shares were partly paid to $2.00. The partly paid shares are permitted proportionate rights to vote and receive dividends based on the relationship between the amount paid up and the issue price.
Based on the above information calculate:
- What is the weighted-average number of shares calculated in accordance with AASB 133?
- Calculate earnings per share. Write the complete formula and provide all the steps in details.
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