Manet pic had the following share capital and reserves as at 1 January 2012:

During the year to 31 December 2012, the company revalued property, plant and equip¬
ment upwards by £30 million and made a loss on foreign exchange translation of foreign operations of £5 million. The company made a profit for the year from normal operations of £160 million during the year and the dividend was £80 million.
Required:
Prepare a statement of changes in equity for the year ended 31 December 2012 in accord¬
ance with the requirements of IAS 1 Presentation of Financial Statements. (E.6)

Transcribed Image Text:

m Share capital (0.25 ordinary shares) 250 Share premium account 50 Revaluation reserve 120 Currency translation reserve 15 Retained earnings 380 Total equity 815