10楼#
发布于:2012-01-16 18:10
[(h)] 200,000 shares × CU0.05
[(i)] CU55×600,000 = CU33,000,000; CU33,000,000 ÷ CU60 = 550,000; 600,000 – 550,000 = 50,000 shares OR [(CU60-CU55) ÷ CU60] × 600,000 shares = 50,000 shares [(j)] (800,000 shares × 2/3) + (200,000 shares× 1/3) Third Quarter 20X1 Basic EPS calculation CU Profit from continuing operations attributable to the parent entity 1,000,000 Less: preference shares dividends (10,000) Profit from continuing operations attributable to ordinary equity holders of the parent entity 990,000 Loss from discontinuing operations attributable to the parent entity (2,000,000) Loss attributable to ordinary equity holders of theparent entity (1,010,000) Dates Shares outstanding Fraction of period Weighted- average shares 1 July - 31 August 6,280,000 2/3 4,186,666 Exercise of warrants on 1 September 600,000 1 September -30 September 6,880,000 1/3 2,293,333 Weighted-average shares 6,480,000 Basic EPS Profit from continuing operations CU0.15 Loss from discontinuing operations (CU0.31) Loss (CU0.16) Diluted EPS calculation |
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11楼#
发布于:2012-01-16 18:10
(g) 200,000 shares×CU0.05
Diluted EPS calculation Profit attributable to ordinary equity holders of the parent entity CU6,490,000 Plus: profit impact of assumed conversions Preference share dividends CU10,000 (h) Effect of assumed conversions CU10,000 Profit attributable to ordinary equity holders of the parent entity including assumed conversions CU6,500,000 Weighted-average shares 5,880,000 Plus: incremental shares from assumed conversions Warrants 50,000 (i) Convertible preference shares 600,000 (j) Dilutive potential ordinary shares 650,000 Adjusted weighted-average shares 6,530,000 Diluted EPS CU1.00 |
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12楼#
发布于:2012-01-16 18:10
(d) 800,000 shares×CU0.05
(e) (CU12,000,000×5%) ÷ 4; less taxes at 40% (f) The warrants were not assumed to be exercised because they were antidilutive in the period (CU55 [exercise price] > CU49 [average price]). Second Quarter 20X1 Basic EPS calculation CU Profit from continuing operations attributable to the parent entity 6,500,000 Less: preference shares dividends (10,000) [(g)] Profit attributable to ordinary equity holders of the parent entity 6,490,000 Dates Shares outstanding Fraction of period Weighted- average shares 1 April 5,200,000 Conversion of 5% bonds on 1 April 480,000 1 April - 31 May 5,680,000 2/3 3,786,666 Conversion of preference shares on 1 June 600,000 1 June - 30 June 6,280,000 1/3 2,093,333 Weighted-average shares 5,880,000 Basic EPS CU1.10 |
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13楼#
发布于:2012-01-16 18:10
(a) This is the control number (before adjusting for preference dividends).
(b) Company A had a CU2,000,000 loss (net of tax) from discontinuing operations in the third quarter. (c) 800,000 shares × CU0.05 Diluted EPS calculation Profit attributable to ordinary equity holders of the parent entity CU4,960,000 Plus: profit impact of assumed conversions Preference share dividends CU40,000 (d) Interest on 5% convertible bonds CU90,000 (e) Effect of assumed conversions CU130,000 Profit attributable to ordinary equity holders of the parent entity including assumed conversions CU5,090,000 Weighted-average shares 5,066,666 Plus: incremental shares from assumed conversions Warrants 0 (f) Convertible preference shares 800,000 5% convertible bonds 480,000 Dilutive potential ordinary shares 1,280,000 Adjusted weighted-average shares 6,346,666 Diluted EPS CU0.80 |
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14楼#
发布于:2012-01-16 18:10
Tax rate: The tax rate was 40 per cent for 20X1.
20X1 Profit (loss) from continuing operations attributable to the parent entity [(a)] Profit (loss) attributable to the parent entity CU CU First quarter 5,000,000 5,000,000 Second quarter 6,500,000 6,500,000 Third quarter 1,000,000 (1,000,000) Fourth quarter (700,000) (700,000) Full year 11,800,000 9,800,000 First Quarter 20X1 Basic EPS calculation CU Profit from continuing operations attributable to the parent entity 5,000,000 Less: preference shares dividends (40,000) (c) Profit attributable to ordinary equity holders of the parent entity 4,960,000 Dates Shares Outstanding Fraction of period Weighted- average shares 1 January28 February 5,000,000 2/3 3,333,333 Issue of ordinary shares on 1March 200,000 1 March31 March 5,200,000 1/3 1,733,333 Weighted-average shares 5,066,666 Basic EPS CU0.98 |
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15楼#
发布于:2012-01-16 18:09
Convertible preference shares: In the second quarter of 20X0, 800,000 convertible preference shares were issued for assets in a purchase transaction. The quarterly dividend on each convertible preference share is CU0.05, payable at the end of the quarter for shares outstanding at that date. Each share is convertible into one ordinary share. Holders of 600,000 convertible preference shares converted their preference shares into ordinary shares on 1 June 20X1.
Warrants: Warrants to buy 600,000 ordinary shares at CU55 per share for a period of five years were issued on 1 January 20X1. All outstanding warrants were exercised on 1 September 20X1. Options: Options to buy 1,500,000 ordinary shares at CU75 per share for a period of 10 years were issued on 1 July 20X1. No options were exercised during 20X1 because the exercise price of the options exceeded the market price of the ordinary shares. |
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16楼#
发布于:2012-01-16 18:09
Average market price of ordinary shares:The average market prices of ordinary shares for the calendar year 20X1 were as follows:
First quarter CU49 Second quarter CU60 Third quarter CU67 Fourth quarter CU67 The average market price of ordinary shares from 1 July to 1 September 20X1 was CU65. Ordinary shares: The number of ordinary shares outstanding at the beginning of 20X1 was 5,000,000. On 1 March 20X1, 200,000 ordinary shares were issued for cash. Convertible bonds: In the last quarter of 20X0, 5 per cent convertible bonds with a principal amount of CU12,000,000 due in 20 years were sold for cash at CU1,000 (par). Interest is payable twice a year, on 1 November and 1 May. Each CU1,000 bond is convertible into 40 ordinary shares. No bonds were converted in 20X0. The entire issue was converted on 1 April 20X1 because the issue was called by Company A. |
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17楼#
发布于:2012-01-16 18:09
Example 12 - Calculation of Basic and Diluted Earnings per Share and Income Statement Presentation (Comprehensive Example) [9]
This example illustrates the quarterly and annual calculations of basic and diluted earnings per share in the year 20X1 for Company A, which has a complex capital structure. The control number is profit or loss from continuing operations attributable to the parent entity. Other facts assumed are as follows: 9 This example does not illustrate the classification of the components of convertible financial instruments as liabilities and equity or the classification of related interest and dividends as expenses and equity as required by IAS 32. |
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18楼#
发布于:2012-01-16 18:09
After ordinary shares have been paid a dividend of CU2.10 per share, the preference shares participate in any additional dividends on a 20:80 ratio with ordinary shares (ie after preference and ordinary shares have been paid dividends of CU5.50 and CU2.10 per share, respectively, preference shares participate in any additional dividends at a rate of one-fourth of the amount paid to ordinary shares on a per-share basis).
Dividends on preference shares paid CU33,000 (CU5.50 per share) Dividends on ordinary shares paid CU21,000 (CU2.10 per share) Basic earnings per share is calculated as follows: CU CU Profit attributable to equity holders of the parent entity 100,000 Less dividends paid: Preference 33,000 Ordinary 21,000 (54,000) Undistributed earnings 46,000 Allocation of undistributed earnings: Allocation per ordinary share = A Allocation per preference share = B; B = 1/4 A (A 10,000) + (1/4 A 6,000) = CU46,000 A = CU46,000 ÷ (10,000 + 1,500) A = CU4.00 B = 1/4 A B = CU1.00 Basic per share amounts: Preference shares Ordinary shares Distributed earnings CU5.50 CU2.10 Undistributed earnings CU1.00 CU4.00 Totals CU6.50 CU6.10 |
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19楼#
发布于:2012-01-16 18:09
Example 11 - Participating Equity Instruments and Two-class Ordinary Shares [8]
Reference: IAS 33, paragraphs A13 and A14 8 This example does not illustrate the classification of the components of convertible financial instruments as liabilities and equity or the classification of related interest and dividends as expenses and equity as required by IAS 32. Profit attributable to equity holders of the parent entity CU100,000 Ordinary shares outstanding 10,000 Non-convertible preference shares 6,000 Non-cumulative annual dividend on preference shares (before any dividend is paid on ordinary shares) CU5.50 per share |
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