Page 105 - Microsoft Word - 00 CIMA F1 Prelims STUDENT 2018.docx

Earnings per share

Example 5.1

At 1 May 20X3, Dustin had 600 million $1 ordinary shares in issue. It made an
issue of 200m new ordinary shares at market value on 1 December 20X3. Its
profit before tax for the year was $600m and the income tax expense for the
year was $150m.

Required:

Calculate the basic EPS for the year ended 30 April 20X4. Give your
answer in cents.

97