At 1 January, Arles SA already held a convertible bond issued two years earlier, convertible into 400,000 units ordinary shares. For the year, the profit attributable to ordinary equity holders is 3,150,000 (in euros) and the weighted average number of shares is 4,000,000 units. The bond's interest, after tax, is 150,000. The bond is dilutive (case datum). Calculate the diluted numerator, the diluted number of shares and diluted earnings per share. Round earnings per share to two decimals (case convention).
- Profit attributable to ordinary equity holders
- 3,150,000
- Weighted average number of ordinary shares
- 4,000,000
- Interest on the bond after tax
- 150,000
- Shares issued on conversion
- 400,000