For the year, Estrel SA has a profit from continuing operations attributable to ordinary equity holders of 2,000,000 (in euros) and a post-tax loss from discontinued operations of 500,000. The weighted average number of ordinary shares is 2,000,000 units. A convertible bond, outstanding all year, would give 250,000 units shares and remove interest of 120,000 after tax. Calculate the incremental earnings per share of the bond, then, after establishing on continuing operations whether it is dilutive, the diluted earnings per share of total profit. Round earnings per share to two decimals (case convention).
- Profit from continuing operations attributable to ordinary equity holders
- 2,000,000
- Post-tax loss from discontinued operations
- 500,000
- Weighted average number of ordinary shares
- 2,000,000
- Interest on the bond after tax
- 120,000
- Shares issued on conversion
- 250,000