NB58340 2. The following is the equity section from Triffintor plc's Statement of Financial Position as at 31 March 2018. Equity Issued share capital, ordinary shares of 1 Share premium Other reserves Capital Redemption Reserve Hedging Reserve Translation Reserve Treasury Shares Retained earnings Total equity m 1,600 1,200 185 65 (11) 160 (250) 5,461 8,410 The following is the Statement of Comprehensive Income of Triffintor plc for the financial year ended 31 March 2019. Triffintor plc Statement of Comprehensive Income for the year ended 31 March 2019 m 17 (9) (133) Change in fair value of available-for-sale financial assets and investments Currency translation differences Actuarial losses on defined benefit pension schemes Net fair value gains on cash flow hedges Tax relating to components of other comprehensive income for the year (see Note) Total other comprehensive income for the year Profit for the year Total comprehensive income for the year 16 (58) 1.390 1,332 Note: Tax on the components of other comprehensive income for the year Tax relating to gains on cash flow hedges Tax relating to currency translation differences Tax relating to losses on defined benefit pension scheme m (13) 2 16 During the year ended 31 March 2019: Triffintor plc paid a dividend of 22 pence a share on the shares in issue as at 31 March 2018. Triffintor plc issued a further 400 million ordinary shares for 1.60 each. These shares will not qualify for dividend payments until 2020. A fundamental accounting error made in a previous year was corrected. The correction involved transferring 35 million from retained earnings to capital redemption reserve. Triffintor plc spent 64m purchasing some of its own shares. These will be used in connection with a future employee share scheme. Required Prepare the Statement of Changes in Equity for Triffintor plc for the year ended 31 March 2018. 20 marks NB58340 2. The following is the equity section from Triffintor plc's Statement of Financial Position as at 31 March 2018. Equity Issued share capital, ordinary shares of 1 Share premium Other reserves Capital Redemption Reserve Hedging Reserve Translation Reserve Treasury Shares Retained earnings Total equity m 1,600 1,200 185 65 (11) 160 (250) 5,461 8,410 The following is the Statement of Comprehensive Income of Triffintor plc for the financial year ended 31 March 2019. Triffintor plc Statement of Comprehensive Income for the year ended 31 March 2019 m 17 (9) (133) Change in fair value of available-for-sale financial assets and investments Currency translation differences Actuarial losses on defined benefit pension schemes Net fair value gains on cash flow hedges Tax relating to components of other comprehensive income for the year (see Note) Total other comprehensive income for the year Profit for the year Total comprehensive income for the year 16 (58) 1.390 1,332 Note: Tax on the components of other comprehensive income for the year Tax relating to gains on cash flow hedges Tax relating to currency translation differences Tax relating to losses on defined benefit pension scheme m (13) 2 16 During the year ended 31 March 2019: Triffintor plc paid a dividend of 22 pence a share on the shares in issue as at 31 March 2018. Triffintor plc issued a further 400 million ordinary shares for 1.60 each. These shares will not qualify for dividend payments until 2020. A fundamental accounting error made in a previous year was corrected. The correction involved transferring 35 million from retained earnings to capital redemption reserve. Triffintor plc spent 64m purchasing some of its own shares. These will be used in connection with a future employee share scheme. Required Prepare the Statement of Changes in Equity for Triffintor plc for the year ended 31 March 2018. 20 marks
