Dome Ltd has 5,000,000 ordinary shares in issue and also had in issue in 2020:

• GH¢1, 000, 000 of 14% convertible loan stock, convertible in three years at the rate of 2 shares for every GH¢10 of stock.
• GH¢2,000, 000 of 10% convertible loan stock, convertible in a year’s time at the rate of 3 shares for every GH¢5 of stock.
• The total earning in 2020 was GH¢1,750,000. The rate of income tax is 35%.

Required:
In accordance with IAS 33: Earnings per Share, Calculate the basic and diluted earnings per share. (4 marks)

Bremang Ltd’s draft profit after tax for the year ended 31 October 2018 is GH¢10.2 million. At the beginning of the financial year, the company had 3.6 million, GH¢1 ordinary shares in issue. On 1 February 2018, the company entered into an arrangement with a supplier where the supplier would be given 48,000 GH¢1 ordinary shares in Bremang Ltd in return for services with a fair value of GH¢600,000 at 1 February 2018 to be performed evenly over the period 1 February 2018 to 31 January 2019. The shares were delivered on 31 January 2019 and earned proportionately over the year to 31 January 2019 as the services were rendered. The arrangement has not been recognised in the draft financial statements.
Required:
Calculate the basic earnings per share figure for Bremang Ltd for the year ended 31 October 2018(to the nearest pesewas) in accordance with IAS 33: Earnings per Share. (Note: There is no tax or deferred tax consequences of the share issue).                                                                                                                                                                                                               (4 marks)

Abu Ltd had 100,000 shares in issue, but then makes a 1 for 5 rights issue on 1 October 2017 at a price of GH¢1. The market value on the last day of quotation with rights was GH¢1.60. Total earnings are GH¢50,000 in 2017, and GH¢40,000 in 2016.
Required:
Calculate the Earnings per Share for the year ended 31 December 2017 and the corresponding figure for 2016 in accordance with IAS 33: Earnings per Share.                                                                                                                                      (4 marks)

i) The issue share capital of Ghana Trust, a publicly listed company on the Ghana Stock Exchange, at 31st March 2013 was GH¢10 million. Its shares are denominated at 25 pesewas each. Ghana Trust’s earnings attributable to its ordinary shareholders for the year ended 31st March 2013 were also GH¢10 million, given an earnings per share of 25 pesewas.

Year ended 31st March 2014
On 1st July 2013 Ghana Trust issued eight million ordinary shares at full market price. On 1st January 2014 a bonus issue of one new ordinary share for every four ordinary shares held was made. Earnings attributable to ordinary shareholders for the year ended 31st March 2014 were GH¢13.8 million.
Year ended 31st March 2015
On 1st October 2014 Ghana Trust made a rights issue of shares of two new ordinary shares at a price of GH¢1.00 each for every five ordinary shares held. The offer was fully subscribed. The market price of Ghana Trust’s ordinary shares immediately prior to the offer was GH¢2.40 each. Earnings attributable to shareholders for the year ended 31st March 2015 were GH¢19.5 million.
Required:
Calculate Ghana Trust’s earnings per share for the years ended 31st March 2014 and 2015 including comparative figures. (7 marks)

ii) On 1st April 2015 Ghana Trust issued GH¢20 million 8% convertible loan stock at par. The terms of the conversion (on 1st April 2018) are that for every GH¢100 of loan stock, 50 ordinary shares will be issued at the option of loan stockholders. Alternatively, the loan stock will be redeemed at par for cash. Also, on 1st April 2015 the directors of Ghana Trust were awarded share options on 12 million ordinary shares exercisable from 1st April 2018 at GH¢1.50 per share. The average market value of Ghana Trust’s ordinary shares for the year ended 31st March 2015 was GH¢2.50 each. The income tax rate is 25%. Earnings attributable to ordinary shareholders for the year ended 31st March 2015 were GH¢25,200,000. The share options have been correctly recorded in the statement of profit or loss.
Required:
Calculate Ghana Trust’s basic and diluted earnings per share for the year ended 31st March 2015 (comparative figures are not required).
You may assume that both the convertible loan and the directors’ options are dilutive.                                                    (5 marks)