The issued share capital of NamPost Pic, a publicly listed company, at 31
March 2012 was N$1 0 million. Its shares are denominated at 25 cents each.
Nkwazi Ltd ‘ earnings attributable to its ordinary shareholders for the year ended
31 March 2012 were also N$10 million, giving an earnings per share of 25 cents

Year ended 31 March 2013
On 1st July 2012 Nam Post issued eight million ordinary shares at full market value.
On 1st January 2013 a bonus issue of one new ordinary share for every four
ordinary shares held was made.
Earnings attributable to ordinary shareholders for the year ended 31st March 2013
were N$13 800 000.
Year ended 31 March 2014
On 1st October 2013, NamPost made a rights issue of two new ordinary shares at a
price of N$1.00 each for every five ordinary shares held. The offer was fully
subscribed. The market price of NamPost ordinary shares immediately prior to the
offer was N$ 2.40 each.
Earnings attributable to ordinary shareholders for the year ended 31st March 2014
were N$19 500 000

Required:
Calculate NamPost’ s earnings per share for the years ended 31st March 2013 and
2014 including comparative figures.