QUESTION 7 Given below is Equity Shares information and net profit of X Inc. Find out its basic EPS in accordance with Para 10 of IAS 33. (in million) Particulars No. of Shares Amount Ordinary Shares as on 01.01.2017 100 New Issue of Shares on 01.07.2017 100 Non-redeemable non-cumulative preference shares rate of dividend 4% a) Face value per share (in $) 10.00 b) Issue price per share (in $) 7.80 10 78 Net Profit for 2017 (in $) 400 How should the company find out net profit attributable to equity shareholder and compute basic EPS?
