Reference no: EM132745046
The issued share capital of Savior, a public listed company, at 31 March 2018 was RM10 million with 25 sen par value. Savior's earnings attributable to its ordinary shareholders for the year ended 31 March 2018 and earnings per share were RM10 million and 25 sen respectively.
Year ended 31 March 2019
On 1 July 2003, Savior issued 8,000,000 ordinary shares at full market value. On 1 January 2019, a bonus issue of one (1) ordinary share for every four (4) ordinary shares held was made. Earnings attributable to ordinary shareholders for the year ended 31 March 2004 were RM13,800,000.
Year ended 31 March 2020
On 1 October 2019, Savior made a right issue of two (2) new ordinary shares at a price of RM1 each for every five (5) ordinary shares held. The offer was fully subscribed. The market price of Savior's ordinary shares immediately prior to the offer was RM2.40 each. Earnings attributable to ordinary shareholders for the year ended 31 March 2005 were RM19,500,000.
Required:
Problem 1: Calculate Savior's earnings per share for the years ended 31 March 2019 and 2020 including comparative figures.
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