Reference no: EM133014313
Question - On 1 June 2017, Ohoy Berhad had 10 million ordinary shares in issue. No new shares were issued during the year, but on that date there were 2 million outstanding share options at RM3 per share. The market value is RM3.50 per share. Profit before tax for the year ended 2018 is RM3,500,000. Tax is 25%.
Ohoy Berhad's accounting year end is 31 May every year. Ohoy Berhad received a new project and decided to issue 2 million ordinary shares which amounted RM2,000,000 and 3 million (RM1 each) 7% convertible preference shares at a discount for RM2,500,000 on 1 August 2018. The discount on the issue is amortised over 3 years. The dividends are payable from year 2022 only . The market dividend yield on preference shares is 7% per annum and market value of ordinary shares RM3.50 One 7% convertible preference shares can be converted into two ordinary shares . The profit after tax for the year ended 2019 is 30 % higher than 2018.
On 1 September 2019, the company make an offer of one - for - five bonus issue share for their shareholders This is an appreciation to all the shareholders for their trust on the company. The market value of ordinary shares is RM3.70 and profit after tax is RM4 600 000 for the year ended 2020.
The company made a right issue of one new ordinary share at a price of RM2.50 each for every six ordinary shares held on 1 December 2020. The market price of ordinary shares is RM3.50 each. The profit after tax for the year is RM4,700,000.
Required - Calculate basic, restate and diluted earnings per share for 2018, 2019, 2020 and 2021?
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