What is the EPS for 2016?         1.82       1.30       1.63       1.47

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity
Section: Chapter Questions
Problem 8C
icon
Related questions
Question
What is the EPS for 2016?
 
 
 
 
1.82
 
 
 
1.30
 
 
 
1.63
 
 
 
1.47
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
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
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Financial Leverage and Firm Value
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Financial Accounting: The Impact on Decision Make…
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Entrepreneurial Finance
Entrepreneurial Finance
Finance
ISBN:
9781337635653
Author:
Leach
Publisher:
Cengage