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TMI BlogBasic & Diluted EPSX X X X Extracts X X X X X X X X Extracts X X X X ..... Basic & Diluted EPS X X X X Extracts X X X X X X X X Extracts X X X X ..... debenture. In June-2015, 5000 debentures were converted into 10000 shares. At the end of the year 2015-16, 15000 debentures pending for conversion. For the year FY 2015-16 Net Profit after tax is ₹ 5,00,000/-. This profit is after charging Debenture Interest of Rs. 16,250/- ( i.e.Rs. 15000+ ₹ 1250). Now please calculate Basic EPS and Diluted EPS. In the beginning of the FY 2015-16 a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s on 1-4-2015, O/s no. of shares is 100,000 of Face value of ₹ 10. 20000 Fully 10 % convertible debentures of ₹ 10 each conversion ratio being 2 shares for each debenture. In June-2015, 5000 debentures were converted into 10000 shares. At the end of the year 2015-16, 15000 debentures pending for conversion. For the year FY 2015-16 Net Profit after tax is ₹ 5,00,000/-. This profit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is after charging Debenture Interest of ₹ 16,250/- ( i.e.Rs. 15000+ ₹ 1250). Now please calculate Basic EPS and Diluted EPS.
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Reply By Ganeshan Kalyani:
The Reply:
The calculation need other aspect as well which in My view should be worked out with in person from practising tax consultant. X X X X Extracts X X X X X X X X Extracts X X X X ..... ion Forum - Knowledge Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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