For the purpose of preparation of statement of changes in equity for the year ended 31 December 2017, Malaya Na Company has extracted the following information: 2017 Draft 2016 Audited Pesos in million 2015 Audited Net profit Transfer to general reserves 112 Transfer of incremental depreciation - 660.25 331.67 214 141 49 55 Final cash dividend 7.5% Additional information: (i) Details of share issues: 25% right shares were issued on 1 May 2016 at P18 per share. The market price per share immediately before the entitlement date was also P18 per share. A bonus issue of 10% was made on 1 April 2017 as final dividend for 2016. 50 million right shares were issued on 1 July 2017 at P15 per share. The market price per share immediately before the entitlement date was P 25 per share. A bonus issue of 15% was made on 1 September 2017 as interim dividend. (ii) Share capital and reserves as at 31 December: 2015 2014 Pesos in million ----- ------ Ordinary share capital (P10 each) General reserves Revaluation Surplus Retained earnings 1,600 1,600 1,801 49 1,709 104 1,430 1,302
For the purpose of preparation of statement of changes in equity for the year ended 31 December 2017, Malaya Na Company has extracted the following information: 2017 Draft 2016 Audited Pesos in million 2015 Audited Net profit Transfer to general reserves 112 Transfer of incremental depreciation - 660.25 331.67 214 141 49 55 Final cash dividend 7.5% Additional information: (i) Details of share issues: 25% right shares were issued on 1 May 2016 at P18 per share. The market price per share immediately before the entitlement date was also P18 per share. A bonus issue of 10% was made on 1 April 2017 as final dividend for 2016. 50 million right shares were issued on 1 July 2017 at P15 per share. The market price per share immediately before the entitlement date was P 25 per share. A bonus issue of 15% was made on 1 September 2017 as interim dividend. (ii) Share capital and reserves as at 31 December: 2015 2014 Pesos in million ----- ------ Ordinary share capital (P10 each) General reserves Revaluation Surplus Retained earnings 1,600 1,600 1,801 49 1,709 104 1,430 1,302
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
What is the EPS for 2017?
a.2.26
b.2.13
c.2.45
d.2.31
Transcribed Image Text:For the purpose of preparation of statement of changes in equity for the year ended
31 December 2017, Malaya Na Company has extracted the following information:
2017
2016
2015
Draft
Audited
Audited
--------- Pesos in million
Net profit
Transfer to general reserves 112
Transfer of incremental depreciation -
Final cash dividend
660.25
331.67
214
141
49
55
7.5%
Additional information:
(i) Details of share issues:
25% right shares were issued on 1 May 2016 at P18 per share. The market price
per share immediately before the entitlement date was also P18 per share.
A bonus issue of 10% was made on 1 April 2017 as final dividend for 2016.
50 million right shares were issued on 1 July 2017 at P15 per share. The market
price per share immediately before the entitlement date was P 25 per share.
A bonus issue of 15% was made on 1 September 2017 as interim dividend.
(ii) Share capital and reserves as at 31 December:
2015
2014
Pesos in million ----
1,600
....
Ordinary share capital
(P10 each)
General reserves
Revaluation Surplus
Retained earnings
1,600
1,801
49
1,709
104
1,430
1,302
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