Delmas SA has two classes of preference shares, both classified as equity, with no tax effect on their dividends. For the year, the dividends declared are 100,000 for class A (5% of a nominal amount of 2,000,000) and 90,000 for class B (6% of a nominal amount of 1,500,000). The profit attributable to the parent before these dividends is 2,740,000 (in euros) and the weighted average number of ordinary shares is 1,500,000 units. Calculate the profit attributable to ordinary equity holders and then basic earnings per share. Round earnings per share to two decimals (case convention).
- Profit attributable to the parent before preference dividends
- 2,740,000
- Class A dividends
- 100,000
- Class B dividends
- 90,000
- Weighted average number of ordinary shares
- 1,500,000