The following information relates to Rose plc for the year ended 31 December 2019: £,000 Turnover Operating costs Trading profit Net interest payable Exceptional charges Tax expenses Profit after tax...

The following information relates to Rose plc for the year ended 31 December 2019:

Rose plc had 100,000 ordinary shares of £1 each in issue throughout the year. Rose plc has in issue warrants entitling the holders to subscribe for a total of 50,000 shares in the company. The warrants may be exercised after 31 December 2025 at a price of £1.10 per share. The average fair value of shares was £1.28. The company had paid an ordinary dividend of £15,000 and a preference dividend of £9,000 on preference shares classified as equity.

Required:

• 
  Calculate the basic EPS for Rose plc for the year ended 31 December 2019, in accordance with best accounting practice.
  
  


• 
  Calculate the diluted EPS figure, to be disclosed in the statutory accounts of Rose plc in respect of the year ended 31 December 2019.
  
  


• 
  Briefly comment on the need to disclose a diluted EPS figure and on the relevance of this figure to the shareholders.