Awake Ltd has a net income after tax of $5 620 000 for the year ended 30 June 2016.At the beginning of the period Awake Ltd has 1 000 000 fully paid-up ordinary shares on issue.On 1 February 2016,Awake Ltd makes a rights issue of 1 fully paid share for every 4 shares held.The required payment for the rights issue shares was $3.00.The last cum rights price was $3.80.Awake Ltd also has 2 000 000,$1.00,cumulative,7 per cent preference shares on issue for the whole period.The dividends on the preference shares are not treated as expenses in the statement of comprehensive income. What are the basic earnings per share for the period ended 30 June 2015 in accordance with AASB 133?

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The Answer of Awake Ltd has a net income after tax of $5 620 000 for the year ended 30 June 2016.At the beginning of the period Awake Ltd has 1 000 000 fully paid-up ordinary shares on issue.On 1 February 2016,Awake Ltd makes a rights issue of 1 fully paid share for every 4 shares held.The required payment for the rights issue shares was $3.00.The last cum rights price was $3.80.Awake Ltd also has 2 000 000,$1.00,cumulative,7 per cent preference shares on issue for the whole period.The dividends on the preference shares are not treated as expenses in the statement of comprehensive income. What are the basic earnings per share for the period ended 30 June 2015 in accordance with AASB 133?

Awake Ltd Has a Net Income After Tax of $5