Shonit Bajaj (Audit Incharge) (46 Points)
11 June 2010Please help in regards to calculation of EPS for following :
Profit after tax for 2009-10 : Rs. 1,00,000
Opening capital on 1-4-2009 : 100 shares (Capital Rs. 1,000)
Share application money received on 1-12-2009 : 15,000 shares (1,000 Share issued in April 2010 at Rs. 15 - Rs. 10 for shares & Rs. 5 for Share premium)
Please help in calculating the Basic & Diluted EPS for financial statements on 31-03-2010. An excel sheet with calculation will be much appreciated.
CA Shantanu Goyal
(Practicing CA)
(122 Points)
Replied 11 June 2010
hi
your Basic EPS and Diluted EPS will be as:
Basic EPS = 100000/100 = 1000
Diluted EPS = 100000/1100 = 90.91 (since there is no diluted earnings in case of application money for issue of shares)
I think you wrongly mention 15000 as shares instead of Rs. 15000
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8311 Points)
Replied 17 June 2010
Agree with Shantanu.
And also
All AS at one place
https://www.caclubindia.com/forum/all-as-at-one-place-87927.asp
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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