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MFRS 133 Earnings Per Share

Oxford
Textbook Question 1
EPS x4
= (73,000 – 10,500)/ 300 M
= 20.83 sen
EPS x5
9 3
= (75,000 – 10,500)/(((300 M + 150M) × 12) + (( 300M + 150 + 50) × 12)

=64,500 / (337.5 + 125)

=64,500 / 462.5
= 13.95 sen
1
*Bonus issue = 300M × = 150 M
2

Restate of EPS x4 = 20.83 × (300 /462.5)

= 13.51 sen

Basic EPSx6
Number of shares Price per share Total
(per Million) (RM) (RM, per Million)
5 3 15
1 2 2
6 17
*RM 3 is market price , RM 2 is right issue price

Theoretically ex-right price 17/6 = RM 2.83

The bonus element = (3 – 2.83)/3
Denominator of equation will be:
500 million × 3/2.83 × 8/12 = 353,356,890.50
600 million × 4/12 = 200,000,000.00
553,356,890.50
(100,000,000 – 10,500,000)/553,356,890.05 = 16.17 sen
2.83
Restate EPSx5: 13.95 × = 13.16 sen
3

Question 2
Basic EPS x5
Number of Shares Price per share Total
(Per Million) (RM) (RM, per Million)
1 0.80 0.80
4 1 4
5 4.80
*RM0.80 is right issue, RM 1 is market price

Theoretically ex-right price = 4.80/5 = RM 0.96

Denominator of equation will be:
2M × 3/12 × 1/0.96 = 520,833.33
2.5M × 9/12 = 1,875,000
2,395,833.33
(500,000 – 35,000)/2,395,833.33
= 19.4 sen

Restate EPSx4
0.96
= 18 sen × = 17.28
1

b) Interest saved net of tax will be 500,000 × 10% × (100% -30%)

= 35,000
Diluted EPS x5 = (500,000 – 35,000) + 35,000)/(2,395,833.33 + ( 500,000 × 200/100)
= 500,000/3,395,833.33
= 14.72 sen
Question 3
Basic EPSx5 = 310,000/(2M × 6/12 + (1M + 2M) ×6/12)
=12.4 sen
Diluted EPSx5 =310,000/(2,500,000 +(500,000(1.0 – 0.8)/1.0)
= 310,000/ 2,600,000
= 11.9 sen
400
*RM0.80 is from
500

Basic and Diluted EPSx6

3 9
Basic EPSx6 = 350,000/((2.5 M + 0.5 M× 12) + (2.5 M ×12) = 13.33 sen

Diluted EPSx6 = 350,000/((2,625,000 + ( 500,000 × (1.2 − 0.8)/1.2 = 12.45 sen

Question 4
Basic EPSx5 = 380,000/8M = 4.75 cents
Basic EPSx6 = 400,000/(8M×50%) = 10 cents
Basic EPSx7 = 440,000/
Basic EPSx8 = 490,000/(4M + 2M)= 8.16 cents