Revision question on the calculation of earning per share per IAS 33.

Abu Ltd had 100,000 shares in issue but then makes a 1 for 5 rights issue on 1 October 2017 at a price of TZS 1. The market value on the last day of the quotation with rights was TZS 1.60. Total earnings are TZS 50,000 in 2017, and TZS 40,000 in 2016.


Calculate  the  Earnings  per  Share  for  the  year  ended  31  December  2017  and  the corresponding figure for 2016 in accordance with IAS 33: Earnings per Share

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