As per the fourth quarter report the paid up capital of NIC Asia Bank Limited (NICA) remains at Rs 4.57 arba. NIC Asia had floated 9,237,540 unit right shares worth Rs 92.37 crore. Out of which only 8,803,639 unit right shares were applied by the shareholders worth Rs 88.03 crore.
|
Units |
Amount |
| Paid Up Capital |
45,753,740.00 |
4,575,374,000.00 |
| Net Profit |
|
1,070,098,000.00 |
|
|
|
| Earnings Per Share |
|
23.39 |
|
|
|
| Right Units |
9,237,540.00 |
923,754,000.00 |
| Auction Unit |
433,901.00 |
43,390,100.00 |
| Right Apply |
8,803,639.00 |
880,363,900.00 |
|
Units |
Amount |
| Paid Up Capital (Right Adjusted) |
45,753,740.00 |
4,575,374,000.00 |
| Right Share Apply |
8,803,639.00 |
880,363,900.00 |
| Paid Up Capital (Before Right) |
36,950,101.00 |
3,695,010,100.00 |
| Net Profit |
|
1,070,098,000.00 |
|
|
|
| Earnings Per Share |
|
Rs. 28.96 |
Before the right share distribution, the paid up capital of NIC Asia Bank was at Rs 3.69 arba.
The bank is auctioning the remaining 433,901 unit right shares.
As the right shares has been floated in the month of Ashad only, the bank while calculating the EPS has taken the paid up capital before the adjustment of the right share as right shares has only been adjusted in the month of Ashad and has not made any earning so far.
As per the company source, the calculation is done on the basis of IFRS Accounting Standard which says, shares which has not made any earning should not be included while calculating the EPS.
