Manet plc had the following share capital and reserves as at 1 January 2009: m Share capital

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Manet plc had the following share capital and reserves as at 1 January 2009:

   £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


During the year to 31 December 2009, the company revalued property, plant and equipment 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 and the dividend was £80 million.


Prepare a statement of changes in equity in accordance with the requirements of IAS 1 Presentation of Financial Statements.

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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