Phlox Ltd has a profit after tax of $6 590 000 for the period ended 30 June 2015.Phlox Ltd also has $1 000 000 of 6% cumulative preference shares.The dividends on the preference shares are not treated as expenses in the statement of comprehensive income. As at 1 July 2014 there were 3 000 000 fully paid ordinary shares issued.Phlox Ltd also has $1 500 000 in convertible debentures issued for the full year.It pays interest of 5% per annum and could be converted to 300 000 ordinary shares at the option of the debenture-holders.There are also 100 000 share options currently on issue with an exercise price of $1.30.The average market price for ordinary shares during the year was $2.70.The tax rate is 33%.What are the diluted earnings per share for Phlox Ltd in accordance with AASB 133?

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The Answer of Phlox Ltd has a profit after tax of $6 590 000 for the period ended 30 June 2015.Phlox Ltd also has $1 000 000 of 6% cumulative preference shares.The dividends on the preference shares are not treated as expenses in the statement of comprehensive income. As at 1 July 2014 there were 3 000 000 fully paid ordinary shares issued.Phlox Ltd also has $1 500 000 in convertible debentures issued for the full year.It pays interest of 5% per annum and could be converted to 300 000 ordinary shares at the option of the debenture-holders.There are also 100 000 share options currently on issue with an exercise price of $1.30.The average market price for ordinary shares during the year was $2.70.The tax rate is 33%.What are the diluted earnings per share for Phlox Ltd in accordance with AASB 133?

Phlox Ltd Has a Profit After Tax of $6 590