Reference no: EM133059270
Question - For the year to June 30, 2021, Trisket Ltd made profits before the deduction of taxes amounting to $12,500,000.
The company has in issue 9,000,000 ordinary shares, each with a par value of $0.85, and 4,000,000 8% preference shares, each with a par value of $1.20.
The entity also has in issue the following instruments:
-$4,500,000 18% convertible bond that can be converted to 90 ordinary shares for every $800 held
-$8,200,000 12% convertible bond that can be converted to 60 ordinary shares for every $300 held
-$7,100,000 9% convertible bond that can be converted to 120 ordinary shares for every $500 held The entity's tax rate is 30%.
REQUIRED -
1. Calculate the BEPS for the year ended June 30, 2021.
2. Calculate the DEPS for the year ended June 30, 2021.