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Asked: March 7, 2022In:

Westvane pty reported profits of N$460,000 for year ended 31 March 2020.On 1 April 2019, its capital structure consisted of 5.0 million equity shares of N$0.5 each, and 300,000 16% preference shares of N$2 each. The preference dividend was paid during the year. An ordinary dividend of N$60,000 was also paid during the year. Neither dividend has been taken account of in the above profit figure. The reported basic earnings per share for year ended 31 March 2019 was 4c and diluted EPS was 3.6c per share. During the year ended 31 March 2020, the following changes took place to the issued share capital of Westvane pty: • _ 1,000,000 equity shares were issued in conjunction with the acquisition of another business. These were issued at full market price at the date of issue, 1 July 2019. • _ To help fund expansion of the business, 3.6 million ordinary shares were issued for cash to existing shareholders on 1 September 2019. The issue price was N$0.70 per share, which represented a discount of 32c on the traded price immediately before the issue, which was N$1.02. • _ On 31 March 2020, a bonus issue was completed of one share for every two held at that date. In addition, the following information is relevant in regard to share options held by management • 500,000 share options were held by as of 01 April 2019 and….

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Westvane pty reported profits of N$460,000 for year ended 31 March 2020.On 1 April 2019, its capital structure consisted of 5.0 million equity shares of N$0.5 each, and 300,000 16% preference shares of N$2 each. The preference dividend was paid ...

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