Temula Bhd is a local manufacturing company listed in Bursa Malaysia since 2012. On 1 January 2020, the issued share capital consisted of 60,000,000 ordinary shares of RM1 each and 10,000,000 non-cumulative preference shares of RM1 each. The following information was extracted from the company's books. The company issued 1,000,000 10% convertible debentures on 1 January 2020. The convertible debentures can be converted into ordinary shares on the basis of 150 shares per RM100 debentures On 1 April 2020, the entity made a rights issue of 1 for every 3 shares. The rights issue was given to existing shareholders at RM1.80 per share. The market price prior to the rights issue was RM2.20 per share. Thirty percent of the debentures were converted on 30 June 2020. The company declared preference dividend amounting to RM1,000,000. Profit after tax for the year amounted to RM72,500,000. Tax rate for 2020 was 24%. Basic Earnings per Share for year ended 31 December 2019 was RM1.02. The company's financial year ends on 31 December each year. Required: a. Calculate the basic Earnings per Share for the year ended 31 December 2020. Restate previous year's Earnings per Share where necessary. (5 marks)

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