9.6 The equity of Net Facile, an Italian internet provider, as at 30 September 2005 and 2004...

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9.6 The equity of Net Facile, an Italian internet provider, as at 30 September 2005 and 2004 is as follows (amounts in millions of euro):

2005 2004 Shareholders’ equity Issued capital 1,000 800 Share premium reserve 10,000 5,000 Retained earnings 50 200 Total shareholders’ equity 11,050 6,000 The net profit for the year ended 30 September 2005 was EUR 150 million.

During the same year, Net Facile issued 4,000,000 new shares at a par value of EUR 50 each. The total amount received was EUR 5,200 million.

Prepare a statement of changes in equity for year ended 30 September 2005.

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Financial Accounting An International Approach

ISBN: 9780273693192

1st Edition

Authors: Prof Jagdish Kothari, Elisabetta Barone, Barone Kothari

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