The profits after tax of D plc are as follows:
£
Year to 30 September 2016…………… 50,000
Year to 30 September 2017…………… 52,800
On 1 October 2015, the company’s issued share capital consisted of 150,000 ordinary shares. On 1 July 2017, the company made a 1 for 5 rights issue at 50p per share. This issue was fully subscribed. The market value of the company’s shares just before the rights issue was 80p per share.
Required:
(a) Calculate basic EPS for the year to 30 September 2017.
(b) Calculate restated basic EPS for the year to 30 September 2016.
