Manet plc had the following share capital and reserves as at 30 June 2006: During the year
Question:
Manet plc had the following share capital and reserves as at 30 June 2006:
During the year to 30 June 2007, the company revalued its freehold land upwards by £30 m and made a loss on foreign exchange translation of £5 m. The company made a profit after tax from operations of £160 m during the year and the dividend payout was 50% of the profit available to shareholders.
Required:
Prepare a statement of changes in equity in accordance with the requirements of IAS 1 Presentation of Financial Statements.
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Related Book For 
Financial Accounting For Decision Makers
ISBN: 9781405888219
5th Edition
Authors: Dr Peter Atrill, Eddie Mclaney, Sin Autor
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