The following information is provided by Sino Ltd:For the year ended 30 June 201

The following information is provided by
Sino Ltd:For the year ended 30 June 2010 Sino Ltd
earned profit of $8000000 which included a profit of $400000 from a
discontinued operation.On 30 June 2010 Sino Ltd had the following
shares and other financial instruments outstanding:-Ordinary shares$5000000Movement for year ordinary shares:On issue 1 July 2009 4000000 shares of $
1 fully paidIssued on 1 March 2010 2000000 shares of
$1 paid to 0.60Share buy back 1 June 2010 200000 fully
paid shares-Preference shares : 3 million issue at $
13000000-Options to purchase 300000 ordinary
shares issued at a price of $ 3 each-Unsecured notes : 1 million notes issued
at $ 1each bearing interest at 10% per annum and convertible to ordinary shares
on a 1-for-1 basis.-The preference shares are convertible to
ordinary shares on a 1-for-30 basis-The annual preference dividend is $150000On 30June 2010 the ordinary shares are
trading at $5.The income tax rate is 30%.Required:1.
Using the above information
calculate basic earnings per share for the year ended 30 June 2010 as required
by Accounting Standard AASB1332.
Using the above information
calculate diluted earnings per share for the year ended 30 June 2010 as required
by Accounting Standard AASB133.