BUS3026W_2009+Tutorial5

BUS3026W_2009+Tutorial5 - School of Management Studies...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
School of Management Studies BUS3026W Finance II 2009 Tutorial Due: Week beginning 23 March ______________________________________________________________ Please show all your calculations. 2 Marks will be subtracted for every subsection not properly attempted. Question 1. a) You have the following earnings information for Greg Barnes Ltd., a mining exploration company whose financial year-end is 28 February (all numbers in millions): 2006 2007 2008 2009 Earnings before tax 140 -80 220 200 Included in EBT: Restructuring 130 220 Insurance received 620 Exploration costs 280 320 440 350 Payment of legal claim 420 Given an average tax rate of 25% throughout the period, determine the company’s normalised (normal) earnings. b) Given the following share information (numbers in thousands), calculate the shares in issue at the end of the year as well as the WANOS and basic normal earnings per share for Greg Barnes Ltd.: Shares in issue: 1/3/2008 2,300 Shares bought back (30/6/2008) 220
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 06/01/2011 for the course FIN 3026W taught by Professor Drtoerien during the Summer '09 term at University of Cape Town.

Page1 / 3

BUS3026W_2009+Tutorial5 - School of Management Studies...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online