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प्रश्न
Calculate the preference dividend paid by Neon Ltd. from the following particulars:
| Particulars | |
| Equity Shares of ₹ 20 each | ₹ 90,00,000 |
| Net Profit before Interest and Tax | ₹ 36,00,000 |
| 10% Debentures | ₹ 10,00,000 |
| Tax Rate | 40% |
| Market Price of Equity Share | ₹ 28 |
| Earning per share | ₹ 3.50 |
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उत्तर
Equity Shares of ₹ 20 each = ₹ 90,00,000
No. of Equity Shares = `(₹ 90,00,000)/(20)`
= ₹ 4,50,000 Shares
Earning Per Share = `"Net Profit after Tax and Preference Dividend"/"No. of Equity Shares"`
3.50 = `"Net Profit after Tax and Preference Dividend"/(4,50,000)`
Net Profit after Tax and Preference Dividend = ₹ 4,50,000 × 3.50
= ₹ 15,75,000
Net Profit before Interest and Tax = ₹ 36,00,000
Less: Debenture Interest = ₹ 10,00,000 × 10%
= ₹ 1,00,000
Profit before tax = ₹ 36,00,000 − ₹ 1,00,000
= ₹ 35,00,000
Tax @ 40% = ₹ 35,00,000 × `40/100`
= ₹ 14,00,000
Net Profit After Tax = ₹ 35,00,000 − ₹ 14,00,000
= ₹ 21,00,000
Preference Dividend = Net Profit After Tax − Net Profit after Tax and Preference Dividend
= ₹ 21,00,000 − ₹ 15,75,000
= ₹ 5,25,000
