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Calculate the figure that would be disclosed as earnings

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Reference no: EM133017687

Question - The following is an extract from the draft Statement of Financial Position of a quoted company as at 31 December 20X2, the end of its most recent financial year:

£000

Issued ordinary shares of £172,000

Share premium 40,000

Profit and loss account 13,500

10% Debentures 70,000

The following is an extract from the Income Statement for the year ended 31 December 20X2:

£000

Operating profit 11,050

Loan interest 7,000

Profit before taxation 4,050

Taxation 810

Profit for the year 3,240

On 1 September 20X2 the company made a bonus issue of shares of 1 for 3. This has not yet been recorded in the financial statements.

Required - Calculate the figure (correct to one decimal place) that would be disclosed as earnings per share for the year ended 31 December 20X2.

Reference no: EM133017687

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