GHJ, a listed entity, has 1,000,000 ordinary shares in issue throughout 2019.  The profits after tax for the period total N$800,000.  The entity has two convertible financial instruments in issue:  N$500,000 10% loan stock, each N$1,000 of stock having the right to convert into 2,000 ordinary shares.  400,000 convertible N$1 non-equity shares, paying a dividend of 10 cents per share.  Each preference share is convertible to 2 ordinary shares.  Requirement Calculate the basic and diluted earnings per share for GHJ assuming a tax rate of 30%.  (b)  ACD, another listed entity, has earnings per share in 2018 of 25 cents per share.  ACD has 4,000,000 ordinary shares in issue throughout 2018.  In 2019 1,500,000 ordinary shares were issued by way of a capitalisation (bonus) issue.  The profits after tax for the year were N$1,200,000.   Requirement Calculate the EPS for 2019 and the restated eps for 2018 that will be included in the 2019 financial statements

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A:

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