One of the suppliers whose accounts Sam had been reading included the accounts of Zippy Shirts SA, a company based in France. Extracts from the company’s financial statements as at 30 June 2012 and 30 June 2011 are given in Tables 6.10 and 6.11.

a) What is the nominal value of the company’s shares?

b) The ordinary share issue was made in August 2011. How many ordinary shares did Zippy Shirts SA issue at that time?

c) How much did the share issue raise?

d) The company owns one property, which was on the statement of financial position at €1,850,000 before it was revalued. What valuation was placed on the property?

e) If a dividend of €2 per share was paid in February 2012, what is the total dividend that was paid?

f) Complete the statement of changes in equity for Zippy Shirts SA for the year ended 30 June 2012, using the pro-forma given in Table 6.12.

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Table 6.10 Zippy Shirts SA Statement of comprehensive income for the year ended 30 June 2012 Profit for the year '000 574 650 Total comprehensive income for the year 1,224 Gain on property revaluation