Tuấn 31201029794 - Nguyễn Anh 

Nhà của tôi  Các khoá học của tôi  KTQT 2-KSV46-KN001-B1-804-NXH  Ngày 3 - Inclass  Bài kiểm tra tự luận Lợi nhuận mỗi cổ phiếu

Bắt đầu vào lúc Thursday, 16 March 2023, 4:48 PM

Trạng thái Đã xong
Kết thúc lúc Thursday, 16 March 2023, 4:57 PM
Thời gian thực hiện 9 phút 12 giây
Điểm 20,00 trên 20,00 (100%)


Câu Hỏi 1 Đúng Đạt điểm 7,00 trên 7,00

Innis Co has provided the following information to their accountant.

a. The number of ordinary shares outstanding as at 1 January 20x4 was 50,000,000.

b. 10,000,000 convertible preference shares were issued for assets in a purchase transaction on 1 April 20x3. Each convertible preference share has a quarterly
dividend of $0.06, payable at the end of each quarter. Each share was convertible into one ordinary share. Holders of 9,000,000 shares converted their preference
shares into ordinary shares on 1 June 20x4.

c. On 1 January 20x4, warrants to buy 8,000,000 ordinary shares at $2.50 per share for a period of five years were issued.  On 1 October 20x4, 50% of the
outstanding warrants were exercised.

d. The following information on net profit (loss) after tax before dividends is provided as shown: 

Profit/(loss) before

  discontinued operations Net profit/(loss)

   $ $
 
First half 12,500,000 12,500,000

Second half 7,500,000 5,000,000

Full year 20,000,000 17,500,000

e. For the calendar-year 20x4, it was reported that the average market prices of Innis Co’s ordinary shares were as follows: 

First half $3.25

Second half $3.70

Full year $3.50

f. Lastly, the average market price of ordinary shares from 1 July 20x4 to 1 October 20x4 was $3.65 while that for the period from 1 January 20x4 to 1 October 20x4
was $3.4.

Required:

Calculate the diluted earnings per share for each interim period for the year ended 31 December 20x4.

(Lưu ý: Không dùng dấu "," hoặc dấu "." để phân chia đơn vị hàng ngàn khi điền vào ô trống, chỉ dùng dấu "." thể hiện số thập phân. Làm tròn kết quả tính đến
phần nguyên khi tính số lượng cổ phiếu và số tiền, EPS làm tròn đến 2 số lẻ.)

Diluted earnings per share (20x4 - first half)

 
Profit from continuing operations 12,500,000

less preference share dividends 0

 Profit attributable to ordinary shareholders $ 12500000

Calculation of weighted average number of shares:

Exercise price: $2.5

$ 3.25
Average market price at first half year

No. of shares deemed issued a nil 1846154

Weighted average number of shares for basic EPS 50,000,000

Plus incremental shares on:

 

Assumed conversion of preference shares 10000000


Assumed exercise of warrants 1,846,154

Adjusted weighted average number of shares 61,846,154

Diluted EPS (first half year) =  20.21 cents

Diluted earnings per share (20x4 - second half)  

Profit from continuing operations $7,500,000

Less preference share dividends $ 0

Loss from discontinued operations $ -2500000

Profit attributable to ordinary shareholders $ 5000000

Calculation of weighted average number of shares:

Portion not converted assumed to be converted on 1 July 20x4

 
Exercise price  $2.5

$ 3.7
Average market price at second half year

1,297,297
No. of shares deemed issued at nil

Portion converted on 1 October assumed to be converted at 1 July:

 
Exercise price  $2.5

 $ 3.65
 Average market price at second half year

No. of shares deemed issued at nil (time-weighted 3/6) 630137

Total incremental shares 1927434

Number of shares outstanding (1 Jul to 31 Dec) 50,000,000

Conversion of preference shares 9000000

Exercise of warrants 2000000

Weighted average number of shares for basic EPS 61,000,000

Plus incremental shares on:

 

Assumed conversion of preference shares 1000000

Assumed exercise of warrants 1,927,434

Adjusted weighted average number of shares 63927434

Diluted EPS (second half):  

Profit from continuing operations 11.73 cents

-3.91 cents
Loss from discontinued operations 

Total Profit 7.82 cents


Câu Hỏi 2 Đúng Đạt điểm 7,00 trên 7,00

Innis Co has provided the following information to their accountant.

a. The number of ordinary shares outstanding as at 1 January 20x4 was 50,000,000.

b. 10,000,000 convertible preference shares were issued for assets in a purchase transaction on 1 April 20x3. Each convertible preference
share has a quarterly dividend of $0.06, payable at the end of each quarter. Each share was convertible into one ordinary share. Holders of
9,000,000 shares converted their preference shares into ordinary shares on 1 June 20x4.

c. On 1 January 20x4, warrants to buy 8,000,000 ordinary shares at $2.50 per share for a period of five years were issued.  On 1 October 20x4,
50% of the outstanding warrants were exercised.
d. The following information on net profit (loss) after tax before dividends is provided as shown:

Profit/(loss) before
discontinued operations Net profit/(loss)
   $ $

First half 12,500,000 12,500,000

Second half 7,500,000 5,000,000

Full year 20,000,000 17,500,000

e. For the calendar-year 20x4, it was reported that the average market prices of Innis Co’s ordinary shares were as follows:

First half $3.25

Second half $3.70

Full year $3.50

f. Lastly, the average market price of ordinary shares from 1 July 20x4 to 1 October 20x4 was $3.65 while that for the period from 1 January
20x4 to 1 October 20x4 was $3.40.

Required:
Calculate the basic earnings per share for each interim period and for the full year ended 31 December 20x4.

(Lưu ý: Không dùng dấu "," hoặc dấu "." để phân chia đơn vị hàng ngàn khi điền vào ô trống, chỉ dùng dấu "." thể hiện số thập phân. Làm tròn
kết quả tính đến phần nguyên khi tính số lượng cổ phiếu và số tiền, EPS làm tròn đến 2 số lẻ.)
Basic earnings per share (20x4 - first half):

Profit from continuing operations $ 12500000

Less: preference share dividends -1200000

Profit attributable to ordinary shareholders $ 11300000

Weighted average number of shares 50,000,000

Basic EPS (first half) 22.6 cents

Basic earnings per share (20x4 - second half):

Profit from continuing operations $7,500,000

Less: preference share dividends -120000

-2,500,000
Loss from discontinued operations

Profit attributable to ordinary shareholders $ 4880000 

Calculation of weighted average number of shares:
Number of shares outstanding (1 Jul to 31 Dec) 50,000,000

Conversion of preference shares 9000000

Exercise of warrants 2000000

Weighted average number of shares 61000000

Basic EPS (second half)

Profit from continuing operations $ 12.1

Loss from discontinued operations $ -4.1

Profit $ 8

Basic EPS (20x4 - full year)

Profit from continuing operations 20,000,000

-1,320,000
Less preference share dividends

Loss from discontinued operation $ -2500000

Profit attributable to ordinary shareholders $ 16180000

Calculation of weighted average number of shares:

Number of shares outstanding  50,000,000

Conversion of preference shares 4500000

Exercise of warrants 1000000

Weighted average number of shares 55,500,000

Basic EPS (full year):

33.66
Profit from continuing operations

-4.50
Loss from discontinued operations 

29.16
Profit


Câu Hỏi 3 Đúng Đạt điểm 6,00 trên 6,00

For the year ended 31 December 20x6, Eraser Corporation reported profit after tax of $8,000,000.

The company also provides the following information for the year 20x6.

a. At 1 January 20x6, the number of outstanding ordinary shares was 15,000,000. Thereafter, on 30 September 20x6, Eraser issued 9,000,000 new shares at fair value
to acquire the business of a competitor.

b. Eraser granted 3,500,000 options to its key managers on 1 December 20x6. Each option allowed the holder to purchase one unit of ordinary share at $1. The
average market price of Eraser’s share during 20x6 was $1.75. The options were exercisable only after two years from the date of grant.

c. On 1 January 20x6, Eraser issued at par a convertible bond with a nominal value of $25,000,000 and a coupon rate of 3% per annum.  Interest on the bond was
payable annually on 31 December. The bond, which matures on 31 December 20x9, is convertible into 10,000,000 ordinary shares.

As at 31 December 20x6, there had been no conversion of the bond into ordinary shares. Eraser accounted for this bond in accordance with IAS 32. The market
interest rate at the time of issue of the bond was 5.5% per annum.

d. The tax rate was 20%.

Required:

Calculate the basic and diluted earnings per share for the year ended 31 December 20x6.

(Lưu ý: Không dùng dấu "," hoặc dấu "." để phân chia đơn vị hàng ngàn khi điền vào ô trống, chỉ dùng dấu "." thể hiện số thập phân. Làm tròn kết quả tính đến phần
nguyên khi tính số lượng cổ phiếu và số tiền, EPS làm tròn đến 2 số lẻ.) 

Basic earnings per share (20x6) 46.38 cents 

Calculation of weighted average number of shares:

 

From 1/1/20x6 to 30/9/20x6: 11250000

6000000
From 1/10/20x6 to 31/12/20x6:

17250000
Average weighted number of shares
 

Debt component: PV of interest  $ 2628863

PV of principal $ 20180419

$ 22809282
 PV of debt component

$ 1003608
Interest (net of tax) saved
 

Calculation of adjusted net profit:  

Net profit as reported $8,000,000

Add: effective interest (net of tax) $ 1003608

$ 9003608
 Total net profit to calculate diluted EPS
 

Calculation of weighted average number of shares for diluted earnings per share:
 
Weighted average number of shares for basic EPS 17,250,000

Add: ordinary shares issued at nil on assumed exercise of option 125000 

 10000000
Add: ordinary shares issued on assumed conversion of bond

27375000
Average weighted number of shares

32.89 cents
Diluted earnings per share

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