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Ltd is a trading company that was badly impacted by the lock-down in 2020 due to the Covid 19 outbreak. The following extract from A Ltds financial statements at 31 March 2021 and related information is presented to you to assist you in calculating and presenting the earnings per share of the company: Extract from the Statement of Changes in Equity for the year ended 31 March 2021 R Retained earnings Balance at 1 April 2019 519 636 Changes in equity for 2020 Dividends paid - Profit for the year 220 364 Total comprehensive income Balance at 1 April 2020 740 000 Changes in equity for 2021 Dividends paid (164 000) Profit for the year 270 000 Total comprehensive income Balance at 1 April 2021 846 000 ADDITIONAL INFORMATION: 1. The issued share capital of A Ltd consisted of the following on 1 April 2019: 100 000 Ordinary shares R8 000 000 10 000 6% Non-redeemable cumulative preference shares R1 000 000 50 000 5% Redeemable cumulative preference shares R500 000 The 5% redeemable cumulative preference shares are redeemable at 31 March 2023 at the option of the holders. 2. The dividends that were paid in the reporting period ended 31 March 2021 consisted of the following: Ordinary dividend (15/6/2020) R44 000 6% preference dividend (31/3/2021) R120 000 5% preference dividend (31/3/2021) R25 000 3. The following share transactions took place in the two reporting periods under review: On 1 October 2019 the company issued 10 000 ordinary shares at R85 each. On 31 July 2020 the company made a capitalisation issue of one share for every eleven shares to all ordinary shareholders registered on 30 June 2020. REQUIRED: Present and disclose the earnings and dividends per share for 2021 and 2020 in terms of IAS 33 Earnings per share. (25) Show calculations clearly as it counts marks.

Tutorial One - Inventories Question (U) - Saved to this PC- References Review Mailings View Help Table Design Layout Layout 10 May 2015 3 101 31 December 2015 2 101 Lemons To support the local community, lemons are bought from a local farmer in Gauteng Orang received two batches of lemons. The first batch contained 50 000 lemons with a cost of R186 623 (induding 15% VAT) Orance paid R28 500 for transportation of the lemons to the factory. The second batch contained 75 000 lemons with a cost of R226973 (including 15% VAT) Qranie paid R37 500 for transportation of the lemons to the factory The supplier offers a 25% trade discount it payment is made within 30 days of the invoice date and always pays its suppliers 15 days after invoice date The following information is applicable for the production stone Pink lady Cost 3 Lemons 1 Bottle Direct Labour (15 minutes) R50 per hour Variable factory overheads Note 1 Forced factory overheads Note 1 ADDITIONAL INFORMATION: 1) Total production overheads are made up of variable overheads of R70 000 and fixed overheads of R330 000 2) There were 2 500 units of Pink lady and zero units of raw material on 1 January 2015 . O G 230 Abi Tutorial One - Inventories Question (U) - Saved to this PC- References Review Mailings View Help Table Design Layout Layout 10 May 2015 3 101 31 December 2015 2 101 Lemons To support the local community, lemons are bought from a local farmer in Gauteng Orang received two batches of lemons. The first batch contained 50 000 lemons with a cost of R186 623 (induding 15% VAT) Orance paid R28 500 for transportation of the lemons to the factory. The second batch contained 75 000 lemons with a cost of R226973 (including 15% VAT) Qranie paid R37 500 for transportation of the lemons to the factory The supplier offers a 25% trade discount it payment is made within 30 days of the invoice date and always pays its suppliers 15 days after invoice date The following information is applicable for the production stone Pink lady Cost 3 Lemons 1 Bottle Direct Labour (15 minutes) R50 per hour Variable factory overheads Note 1 Forced factory overheads Note 1 ADDITIONAL INFORMATION: 1) Total production overheads are made up of variable overheads of R70 000 and fixed overheads of R330 000 2) There were 2 500 units of Pink lady and zero units of raw material on 1 January 2015 . O G 230 Abi

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