Document ID: chunk:federal_register_of_legislation:F2021C00879:body:0:p33
Version: federal_register_of_legislation:F2021C00879
Segment Type: other
Provision Reference: 
Character Range: 117625–128503

Diluted EPS calculation
Profit attributable to ordinary equity holders of the parent entity                                                                                                                                                    CU4,960,000
Plus: profit impact of assumed conversions
                                                                                                                                                    Preference share dividends        CU40,000     (a)
                                                                                                                                                    Interest on 5% convertible bonds  CU90,000     (b)
Effect of assumed conversions                                                                                                                                                                                          CU130,000
Profit attributable to ordinary equity holders of the parent entity including assumed conversions                                                                                                                      CU5,090,000

Weighted-average shares                                                                                                                                                                                                5,066,666
Plus: incremental shares from assumed conversions
                                                                                                                                                    Warrants                          0            (c)
                                                                                                                                                    Convertible preference shares     800,000
                                                                                                                                                    5% convertible bonds              480,000
Dilutive potential ordinary shares                                                                                                                                                                                     1,280,000
Adjusted weighted-average shares                                                                                                                                                                                       6,346,666
Diluted EPS                                                                                                                                                                                                            CU0.80
    (a) 800,000 shares × CU0.05
    (b) (CU12,000,000 × 5%) ÷ 4; less taxes at 40%
    (c) The warrants were not assumed to be exercised because they were antidilutive in the period (CU55 [exercise price] > CU49 [average price]).

Second Quarter 20X1
Basic EPS calculation                                                                                                                                               CU
Profit from continuing operations attributable to the parent entity                                                                                                 6,500,000
Less: preference share dividends                                                                                                                                    (10,000)(a)
Profit attributable to ordinary equity holders of the parent entity                                                                                                 6,490,000

Dates                                                                                                                                                               Shares outstanding                          Fraction of period                Weighted-average shares
1 April                                                                                                                                                             5,200,000
Conversion of 5% bonds on 1 April                                                                                                                                   480,000
1 April–31 May                                                                                                                                                      5,680,000                                   2/3                    3,786,666
Conversion of preference shares 1 June                                                                                                                              600,000
1 June–30 June                                                                                                                                                      6,280,000                                   1/3                    2,093,333
Weighted-average shares                                                                                                                                             5,880,000
Basic EPS                                                                                                                                                           CU1.10
Diluted EPS calculation
Profit attributable to ordinary equity holders of the parent entity                                                                                                                                             CU6,490,000
Plus: profit impact of assumed conversions
                                                                                                                                                                    Preference share dividends     CU10,000(a)
Effect of assumed conversions                                                                                                                                                                                   CU10,000
Profit attributable to ordinary equity holders of the parent entity including assumed conversions                                                                                                               CU6,500,000

Weighted-average shares                                                                                                                                                                                         5,880,000
Plus: incremental shares from assumed conversions
                                                                                                                                                                    Warrants                       50,000(b)
                                                                                                                                                                    Convertible preference shares  600,000(c)
Dilutive potential ordinary shares                                                                                                                                                                              650,000
Adjusted weighted-average shares                                                                                                                                                                                6,530,000
Diluted EPS                                                                                                                                                                                                     CU1.00
    (a) 200,000 shares × CU0.05
    (b) CU55 × 600,000 = CU33,000,000; CU33,000,000 ÷ CU60 = 550,000; 600,000 – 550,000 = 50,000 shares OR [(CU60 – CU55) ÷ CU60] × 600,000 shares = 50,000 shares
    (c) (800,000 shares × 2/3) + (200,000 shares × 1/3)

Third Quarter 20X1
Basic EPS calculation                                                                                                         CU
Profit from continuing operations attributable to the parent entity                                                           1,000,000
Less: preference share dividends                                                                                              (10,000)
Profit from continuing operations attributable to ordinary equity holders of the parent entity                                990,000
Loss from discontinued operations attributable to the parent entity                                                           (2,000,000)
Loss attributable to ordinary equity holders of the parent entity                                                             (1,010,000)

Dates                                                                                                                         Shares outstanding                        Fraction of period                            Weighted-average shares
1 July–31 August                                                                                                              6,280,000                                 2/3                                           4,186,666
Exercise of warrants on 1 September                                                                                           600,000
1 September–30 September                                                                                                      6,880,000                                 1/3                                           2,293,333
Weighted-average shares                                                                                                                                                                                    6,480,000
Basic EPS
Profit from continuing operations                                                                                                                                                           CU0.15
Loss from discontinued operations                                                                                                                                                           (CU0.31)
Loss                                                                                                                                                                                        (CU0.16)

Diluted EPS calculation
Profit from continuing operations attributable to ordinary equity holders of the parent entity                                                                                              CU990,000
Plus: profit impact of assumed conversions
                                                                                                                              Preference share dividends     CU10,000
Effect of assumed conversions                                                                                                                                                               CU10,000
Profit from continuing operations attributable