- For The Year To June 30 2021 Brisket Ltd Made Profits Before The Deduction Of Taxes Amounting To 10 500 000 The Comp 1 (222.68 KiB) Viewed 51 times
For the year to June 30, 2021, Brisket Ltd made profits before the deduction of taxes amounting to $10,500,000. The
company has in issue 8,000,000 ordinary shares, each with a par value of $0.75, and 5,000,000 6% preference shares, each with a par value of $1.10. The entity also has in issue the following instruments: $7,300,000 8% convertible bond that can be converted to 80 ordinary shares for every $250 held $9,400,000 15% convertible bond that can be converted to 70 ordinary shares for every $700 held $5,200,000 4% convertible bond that can be converted to 100 ordinary shares for every $500 held O The entity's tax rate is 30%. REQUIRED: o Calculate the BEPS for the year ended June 30, 2021 o Calculate the DEPS for the year ended June 30, 2021 showing all relevant workings