Reference no: EM133059270

Question - For the year to June 30, 2021, Trisket Ltd made profits before the deduction of taxes amounting to $12,500,000.

The company has in issue 9,000,000 ordinary shares, each with a par value of $0.85, and 4,000,000 8% preference shares, each with a par value of $1.20.

The entity also has in issue the following instruments:

-$4,500,000 18% convertible bond that can be converted to 90 ordinary shares for every $800 held

-$8,200,000 12% convertible bond that can be converted to 60 ordinary shares for every $300 held

-$7,100,000 9% convertible bond that can be converted to 120 ordinary shares for every $500 held The entity's tax rate is 30%.

REQUIRED -

1. Calculate the BEPS for the year ended June 30, 2021.

2. Calculate the DEPS for the year ended June 30, 2021.