PAS 33

Question 1

Entity A has 100,000, 10 par, 10% cumulative preference shares
outstanding all throughout 20x1. Entity A reported profit after tax
2,800,000 for the year ended December 31, 20x1. The movements in
the number of ordinary shares are as follows:

Required: What is the basic earnings per share? 14
01/01/20x1 Ordinary shares outstanding 120,000
03/01/20x1 Shares issued for cash 42,000
09/30/20x1 Subscribed shares 20,000
11/01/20x1 Reacquisition of treasury shares (12,000)

Outstanding shares at the end of period 170,000