Review the statement of changes in shareholders' equity (deficit) look at the line in fiscal 2021...
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Review the statement of changes in shareholders' equity (deficit) look at the line in fiscal 2021 titled 'Repurchase and cancellation of common shares'. Recreate the journal entry to reflect the repurchase and cancellation. Were the shares repurchased for a higher or lower amount than they were originally issued for? Explain. [Hint: Be careful, one of the columns in the statement reflects the number of shares (not a $value).] Dollarama Inc. Consolidated Statements of Changes in Shareholders' Equity (Deficit) for the years ended (Expressed in thousands of Canadian dollars, except share amounts) Balance - February 2, 2020 Net earnings Other comprehensive loss Total comprehensive income (loss) Transfer of realized cash flow hedge gains to inventory Dividends declared Repurchase and cancellation of common shares Share-based compensation Issuance of common shares Reclassification for the exercise of share options Balance - January 31, 2021 Net earnings Other comprehensive loss Total comprehensive income (loss) Transfer of realized cash flow hedge losses to inventory Dividends declared Repurchase and cancellation of common shares Share-based compensation Issuance of common shares i Reclassification for the exercise of share options Balance - January 30, 2022 Note 12 310,231,037 2 222 22 12 12 12 12 12 NNNNNN 12 12 310,266,429 12 12 Number of common shares 12 12 . (1,621,708) (2,437) 1,657,100 32,399 6,821 (18,176,760) 723,900 capital $ Share Contributed surplus $ 12 292,813,569 448,704 485,487 (29,425) 19,164 4,220 479,446 29,108 6,240 (6,821) 28,527 8,617 (4.220) 32,924 Deficit $ (574,110) 564,348 564,348 (55,616) (84,005) (149,983) 663,169 663,169 (60,772) (1.030,493) (578,079) Accumulated other comprehensive Income (loss) 4,102 (32,620) (32,620) (659) (29,177) (1.070) (1,070) 29,922 (325) Total $ (92.196) 564,348 (32,620) 531,728 (659) (55,616) (87,042) 6,240 32,399 334,854 663,169 (1.070) 662,099 29,922 (60,772) (1,059,918) 8,617 19,164 (66,034) Dollarama Inc. Consolidated Statements of Financial Position as at (Expressed in thousands of Canadian dollars) Assets Current assets Cash Accounts receivable Prepaid expenses Inventories Derivative financial instruments Non-current assets Right-of-use assets Property, plant and equipment Intangible assets Derivative financial instruments Goodwill Equity-accounted investment Total assets Note 14 677889 January 30, 2022 71,058 26,260 13,135 590,927 15,987 717,367 1,480,255 761,876 164,066 290 727,782 211,926 4,063,562 January 31, 2021 439,144 20,546 9,549 630,655 468 1,100,362 1,344,639 709,469 161,791 314 727,782 179,389 4,223,746 Liabilities and shareholders' equity (deficit) Current liabilities Accounts payable and accrued liabilities Short-term borrowings Dividend payable Derivative financial instruments Income taxes payable Current portion of long-term debt Current portion of lease liabilities Non-current liabilities Non-current portion of long-term debt Non-current portion of lease liabilities Deferred income taxes Total liabilities Shareholders' equity (deficit) Share capital Contributed surplus Deficit Accumulated other comprehensive loss Total shareholders' equity (deficit) Total liabilities and shareholders' equity (deficit) 10 11 12 14 11 6 163 11 2222 283,125 89,386 14,891 3,435 62,516 257,674 200,864 911,891 1,539,240 1,526,564 151,901 4,129,596 479,446 32,924 (578,079) (325) (66,034) 4,063,562 253,072 14,583 25,821 12,975 832,821 181,893 1,321,165 1,044,079 1,401,769 121,879 3,888,892 485,487 28,527 (149,983) (29,177) 334,854 4,223,746 Dollarama Inc. Consolidated Statements of Net Earnings and Comprehensive Income for the years ended (Expressed in thousands of Canadian dollars, except share and per share amounts) Sales Cost of sales Gross profit General, administrative and store operating expenses Depreciation and amortization Share of net earnings of equity-accounted investment Operating income Financing costs Earnings before income taxes Income taxes Net earnings Note 17 19 47 13 January 30, 2022 4,330,761 2,428,536 1,902,225 652,832 297,960 (33,184) 984,617 91,216 893,401 230,232 663,169 January 31, 2021 $ 4,026,259 2,261,248 1,765,011 654,032 269,633 (19,654) 861,000 95,646 765,354 201,006 564,348 12 Shareholders' equity (deficit) b) Common shares authorized The Corporation is authorized to issue an unlimited number of common shares. All common shares are issued as fully paid and without par value. Movements in the Corporation's share capital for fiscal years ended on the dates indicated below were as follows: Balance, beginning of year Cancellation under NCIB Exercise of share options Balance, end of year January 30, 2022 Number of common shares 310,266,429 (18,176,760) 723,900 292,813,569 Amount ($) 485,487 (29,425) 23,384 479,446 January 31, 2021 Number of common shares 310,231,037 (1,621,708) 1,657,100 310,266,429 Amount (S) 448,704 (2,437) 39,220 485,487 e) Dividends The table below outlines the amounts of dividends recognized as distributions to holders of common shares in the consolidated statement of changes in shareholders' equity (deficit) during each quarter of the fiscal year ended January 30, 2022 and January 31, 2021. For the quarters ending Dividend declared Dividend per common share Declaration date Payment date May 2, 2021 $15,501 $0.050 March 30, 2021 May 7, 2021 August 1, 2021 $15,311 $0.050 June 8, 2021 August 6, 2021 October 31, 2021 $15,069 $0.050 September 8, 2021 November 5, 2021 January 30, 2022 $14,891 $0.050 December 7, 2021 February 4, 2022 Review the statement of changes in shareholders' equity (deficit) look at the line in fiscal 2021 titled 'Repurchase and cancellation of common shares'. Recreate the journal entry to reflect the repurchase and cancellation. Were the shares repurchased for a higher or lower amount than they were originally issued for? Explain. [Hint: Be careful, one of the columns in the statement reflects the number of shares (not a $value).] Dollarama Inc. Consolidated Statements of Changes in Shareholders' Equity (Deficit) for the years ended (Expressed in thousands of Canadian dollars, except share amounts) Balance - February 2, 2020 Net earnings Other comprehensive loss Total comprehensive income (loss) Transfer of realized cash flow hedge gains to inventory Dividends declared Repurchase and cancellation of common shares Share-based compensation Issuance of common shares Reclassification for the exercise of share options Balance - January 31, 2021 Net earnings Other comprehensive loss Total comprehensive income (loss) Transfer of realized cash flow hedge losses to inventory Dividends declared Repurchase and cancellation of common shares Share-based compensation Issuance of common shares i Reclassification for the exercise of share options Balance - January 30, 2022 Note 12 310,231,037 2 222 22 12 12 12 12 12 NNNNNN 12 12 310,266,429 12 12 Number of common shares 12 12 . (1,621,708) (2,437) 1,657,100 32,399 6,821 (18,176,760) 723,900 capital $ Share Contributed surplus $ 12 292,813,569 448,704 485,487 (29,425) 19,164 4,220 479,446 29,108 6,240 (6,821) 28,527 8,617 (4.220) 32,924 Deficit $ (574,110) 564,348 564,348 (55,616) (84,005) (149,983) 663,169 663,169 (60,772) (1.030,493) (578,079) Accumulated other comprehensive Income (loss) 4,102 (32,620) (32,620) (659) (29,177) (1.070) (1,070) 29,922 (325) Total $ (92.196) 564,348 (32,620) 531,728 (659) (55,616) (87,042) 6,240 32,399 334,854 663,169 (1.070) 662,099 29,922 (60,772) (1,059,918) 8,617 19,164 (66,034) Dollarama Inc. Consolidated Statements of Financial Position as at (Expressed in thousands of Canadian dollars) Assets Current assets Cash Accounts receivable Prepaid expenses Inventories Derivative financial instruments Non-current assets Right-of-use assets Property, plant and equipment Intangible assets Derivative financial instruments Goodwill Equity-accounted investment Total assets Note 14 677889 January 30, 2022 71,058 26,260 13,135 590,927 15,987 717,367 1,480,255 761,876 164,066 290 727,782 211,926 4,063,562 January 31, 2021 439,144 20,546 9,549 630,655 468 1,100,362 1,344,639 709,469 161,791 314 727,782 179,389 4,223,746 Liabilities and shareholders' equity (deficit) Current liabilities Accounts payable and accrued liabilities Short-term borrowings Dividend payable Derivative financial instruments Income taxes payable Current portion of long-term debt Current portion of lease liabilities Non-current liabilities Non-current portion of long-term debt Non-current portion of lease liabilities Deferred income taxes Total liabilities Shareholders' equity (deficit) Share capital Contributed surplus Deficit Accumulated other comprehensive loss Total shareholders' equity (deficit) Total liabilities and shareholders' equity (deficit) 10 11 12 14 11 6 163 11 2222 283,125 89,386 14,891 3,435 62,516 257,674 200,864 911,891 1,539,240 1,526,564 151,901 4,129,596 479,446 32,924 (578,079) (325) (66,034) 4,063,562 253,072 14,583 25,821 12,975 832,821 181,893 1,321,165 1,044,079 1,401,769 121,879 3,888,892 485,487 28,527 (149,983) (29,177) 334,854 4,223,746 Dollarama Inc. Consolidated Statements of Net Earnings and Comprehensive Income for the years ended (Expressed in thousands of Canadian dollars, except share and per share amounts) Sales Cost of sales Gross profit General, administrative and store operating expenses Depreciation and amortization Share of net earnings of equity-accounted investment Operating income Financing costs Earnings before income taxes Income taxes Net earnings Note 17 19 47 13 January 30, 2022 4,330,761 2,428,536 1,902,225 652,832 297,960 (33,184) 984,617 91,216 893,401 230,232 663,169 January 31, 2021 $ 4,026,259 2,261,248 1,765,011 654,032 269,633 (19,654) 861,000 95,646 765,354 201,006 564,348 12 Shareholders' equity (deficit) b) Common shares authorized The Corporation is authorized to issue an unlimited number of common shares. All common shares are issued as fully paid and without par value. Movements in the Corporation's share capital for fiscal years ended on the dates indicated below were as follows: Balance, beginning of year Cancellation under NCIB Exercise of share options Balance, end of year January 30, 2022 Number of common shares 310,266,429 (18,176,760) 723,900 292,813,569 Amount ($) 485,487 (29,425) 23,384 479,446 January 31, 2021 Number of common shares 310,231,037 (1,621,708) 1,657,100 310,266,429 Amount (S) 448,704 (2,437) 39,220 485,487 e) Dividends The table below outlines the amounts of dividends recognized as distributions to holders of common shares in the consolidated statement of changes in shareholders' equity (deficit) during each quarter of the fiscal year ended January 30, 2022 and January 31, 2021. For the quarters ending Dividend declared Dividend per common share Declaration date Payment date May 2, 2021 $15,501 $0.050 March 30, 2021 May 7, 2021 August 1, 2021 $15,311 $0.050 June 8, 2021 August 6, 2021 October 31, 2021 $15,069 $0.050 September 8, 2021 November 5, 2021 January 30, 2022 $14,891 $0.050 December 7, 2021 February 4, 2022 Review the statement of changes in shareholders' equity (deficit) look at the line in fiscal 2021 titled 'Repurchase and cancellation of common shares'. Recreate the journal entry to reflect the repurchase and cancellation. Were the shares repurchased for a higher or lower amount than they were originally issued for? Explain. [Hint: Be careful, one of the columns in the statement reflects the number of shares (not a $value).] Dollarama Inc. Consolidated Statements of Changes in Shareholders' Equity (Deficit) for the years ended (Expressed in thousands of Canadian dollars, except share amounts) Balance - February 2, 2020 Net earnings Other comprehensive loss Total comprehensive income (loss) Transfer of realized cash flow hedge gains to inventory Dividends declared Repurchase and cancellation of common shares Share-based compensation Issuance of common shares Reclassification for the exercise of share options Balance - January 31, 2021 Net earnings Other comprehensive loss Total comprehensive income (loss) Transfer of realized cash flow hedge losses to inventory Dividends declared Repurchase and cancellation of common shares Share-based compensation Issuance of common shares i Reclassification for the exercise of share options Balance - January 30, 2022 Note 12 310,231,037 2 222 22 12 12 12 12 12 NNNNNN 12 12 310,266,429 12 12 Number of common shares 12 12 . (1,621,708) (2,437) 1,657,100 32,399 6,821 (18,176,760) 723,900 capital $ Share Contributed surplus $ 12 292,813,569 448,704 485,487 (29,425) 19,164 4,220 479,446 29,108 6,240 (6,821) 28,527 8,617 (4.220) 32,924 Deficit $ (574,110) 564,348 564,348 (55,616) (84,005) (149,983) 663,169 663,169 (60,772) (1.030,493) (578,079) Accumulated other comprehensive Income (loss) 4,102 (32,620) (32,620) (659) (29,177) (1.070) (1,070) 29,922 (325) Total $ (92.196) 564,348 (32,620) 531,728 (659) (55,616) (87,042) 6,240 32,399 334,854 663,169 (1.070) 662,099 29,922 (60,772) (1,059,918) 8,617 19,164 (66,034) Dollarama Inc. Consolidated Statements of Financial Position as at (Expressed in thousands of Canadian dollars) Assets Current assets Cash Accounts receivable Prepaid expenses Inventories Derivative financial instruments Non-current assets Right-of-use assets Property, plant and equipment Intangible assets Derivative financial instruments Goodwill Equity-accounted investment Total assets Note 14 677889 January 30, 2022 71,058 26,260 13,135 590,927 15,987 717,367 1,480,255 761,876 164,066 290 727,782 211,926 4,063,562 January 31, 2021 439,144 20,546 9,549 630,655 468 1,100,362 1,344,639 709,469 161,791 314 727,782 179,389 4,223,746 Liabilities and shareholders' equity (deficit) Current liabilities Accounts payable and accrued liabilities Short-term borrowings Dividend payable Derivative financial instruments Income taxes payable Current portion of long-term debt Current portion of lease liabilities Non-current liabilities Non-current portion of long-term debt Non-current portion of lease liabilities Deferred income taxes Total liabilities Shareholders' equity (deficit) Share capital Contributed surplus Deficit Accumulated other comprehensive loss Total shareholders' equity (deficit) Total liabilities and shareholders' equity (deficit) 10 11 12 14 11 6 163 11 2222 283,125 89,386 14,891 3,435 62,516 257,674 200,864 911,891 1,539,240 1,526,564 151,901 4,129,596 479,446 32,924 (578,079) (325) (66,034) 4,063,562 253,072 14,583 25,821 12,975 832,821 181,893 1,321,165 1,044,079 1,401,769 121,879 3,888,892 485,487 28,527 (149,983) (29,177) 334,854 4,223,746 Dollarama Inc. Consolidated Statements of Net Earnings and Comprehensive Income for the years ended (Expressed in thousands of Canadian dollars, except share and per share amounts) Sales Cost of sales Gross profit General, administrative and store operating expenses Depreciation and amortization Share of net earnings of equity-accounted investment Operating income Financing costs Earnings before income taxes Income taxes Net earnings Note 17 19 47 13 January 30, 2022 4,330,761 2,428,536 1,902,225 652,832 297,960 (33,184) 984,617 91,216 893,401 230,232 663,169 January 31, 2021 $ 4,026,259 2,261,248 1,765,011 654,032 269,633 (19,654) 861,000 95,646 765,354 201,006 564,348 12 Shareholders' equity (deficit) b) Common shares authorized The Corporation is authorized to issue an unlimited number of common shares. All common shares are issued as fully paid and without par value. Movements in the Corporation's share capital for fiscal years ended on the dates indicated below were as follows: Balance, beginning of year Cancellation under NCIB Exercise of share options Balance, end of year January 30, 2022 Number of common shares 310,266,429 (18,176,760) 723,900 292,813,569 Amount ($) 485,487 (29,425) 23,384 479,446 January 31, 2021 Number of common shares 310,231,037 (1,621,708) 1,657,100 310,266,429 Amount (S) 448,704 (2,437) 39,220 485,487 e) Dividends The table below outlines the amounts of dividends recognized as distributions to holders of common shares in the consolidated statement of changes in shareholders' equity (deficit) during each quarter of the fiscal year ended January 30, 2022 and January 31, 2021. For the quarters ending Dividend declared Dividend per common share Declaration date Payment date May 2, 2021 $15,501 $0.050 March 30, 2021 May 7, 2021 August 1, 2021 $15,311 $0.050 June 8, 2021 August 6, 2021 October 31, 2021 $15,069 $0.050 September 8, 2021 November 5, 2021 January 30, 2022 $14,891 $0.050 December 7, 2021 February 4, 2022 Review the statement of changes in shareholders' equity (deficit) look at the line in fiscal 2021 titled 'Repurchase and cancellation of common shares'. Recreate the journal entry to reflect the repurchase and cancellation. Were the shares repurchased for a higher or lower amount than they were originally issued for? Explain. [Hint: Be careful, one of the columns in the statement reflects the number of shares (not a $value).] Dollarama Inc. Consolidated Statements of Changes in Shareholders' Equity (Deficit) for the years ended (Expressed in thousands of Canadian dollars, except share amounts) Balance - February 2, 2020 Net earnings Other comprehensive loss Total comprehensive income (loss) Transfer of realized cash flow hedge gains to inventory Dividends declared Repurchase and cancellation of common shares Share-based compensation Issuance of common shares Reclassification for the exercise of share options Balance - January 31, 2021 Net earnings Other comprehensive loss Total comprehensive income (loss) Transfer of realized cash flow hedge losses to inventory Dividends declared Repurchase and cancellation of common shares Share-based compensation Issuance of common shares i Reclassification for the exercise of share options Balance - January 30, 2022 Note 12 310,231,037 2 222 22 12 12 12 12 12 NNNNNN 12 12 310,266,429 12 12 Number of common shares 12 12 . (1,621,708) (2,437) 1,657,100 32,399 6,821 (18,176,760) 723,900 capital $ Share Contributed surplus $ 12 292,813,569 448,704 485,487 (29,425) 19,164 4,220 479,446 29,108 6,240 (6,821) 28,527 8,617 (4.220) 32,924 Deficit $ (574,110) 564,348 564,348 (55,616) (84,005) (149,983) 663,169 663,169 (60,772) (1.030,493) (578,079) Accumulated other comprehensive Income (loss) 4,102 (32,620) (32,620) (659) (29,177) (1.070) (1,070) 29,922 (325) Total $ (92.196) 564,348 (32,620) 531,728 (659) (55,616) (87,042) 6,240 32,399 334,854 663,169 (1.070) 662,099 29,922 (60,772) (1,059,918) 8,617 19,164 (66,034) Dollarama Inc. Consolidated Statements of Financial Position as at (Expressed in thousands of Canadian dollars) Assets Current assets Cash Accounts receivable Prepaid expenses Inventories Derivative financial instruments Non-current assets Right-of-use assets Property, plant and equipment Intangible assets Derivative financial instruments Goodwill Equity-accounted investment Total assets Note 14 677889 January 30, 2022 71,058 26,260 13,135 590,927 15,987 717,367 1,480,255 761,876 164,066 290 727,782 211,926 4,063,562 January 31, 2021 439,144 20,546 9,549 630,655 468 1,100,362 1,344,639 709,469 161,791 314 727,782 179,389 4,223,746 Liabilities and shareholders' equity (deficit) Current liabilities Accounts payable and accrued liabilities Short-term borrowings Dividend payable Derivative financial instruments Income taxes payable Current portion of long-term debt Current portion of lease liabilities Non-current liabilities Non-current portion of long-term debt Non-current portion of lease liabilities Deferred income taxes Total liabilities Shareholders' equity (deficit) Share capital Contributed surplus Deficit Accumulated other comprehensive loss Total shareholders' equity (deficit) Total liabilities and shareholders' equity (deficit) 10 11 12 14 11 6 163 11 2222 283,125 89,386 14,891 3,435 62,516 257,674 200,864 911,891 1,539,240 1,526,564 151,901 4,129,596 479,446 32,924 (578,079) (325) (66,034) 4,063,562 253,072 14,583 25,821 12,975 832,821 181,893 1,321,165 1,044,079 1,401,769 121,879 3,888,892 485,487 28,527 (149,983) (29,177) 334,854 4,223,746 Dollarama Inc. Consolidated Statements of Net Earnings and Comprehensive Income for the years ended (Expressed in thousands of Canadian dollars, except share and per share amounts) Sales Cost of sales Gross profit General, administrative and store operating expenses Depreciation and amortization Share of net earnings of equity-accounted investment Operating income Financing costs Earnings before income taxes Income taxes Net earnings Note 17 19 47 13 January 30, 2022 4,330,761 2,428,536 1,902,225 652,832 297,960 (33,184) 984,617 91,216 893,401 230,232 663,169 January 31, 2021 $ 4,026,259 2,261,248 1,765,011 654,032 269,633 (19,654) 861,000 95,646 765,354 201,006 564,348 12 Shareholders' equity (deficit) b) Common shares authorized The Corporation is authorized to issue an unlimited number of common shares. All common shares are issued as fully paid and without par value. Movements in the Corporation's share capital for fiscal years ended on the dates indicated below were as follows: Balance, beginning of year Cancellation under NCIB Exercise of share options Balance, end of year January 30, 2022 Number of common shares 310,266,429 (18,176,760) 723,900 292,813,569 Amount ($) 485,487 (29,425) 23,384 479,446 January 31, 2021 Number of common shares 310,231,037 (1,621,708) 1,657,100 310,266,429 Amount (S) 448,704 (2,437) 39,220 485,487 e) Dividends The table below outlines the amounts of dividends recognized as distributions to holders of common shares in the consolidated statement of changes in shareholders' equity (deficit) during each quarter of the fiscal year ended January 30, 2022 and January 31, 2021. For the quarters ending Dividend declared Dividend per common share Declaration date Payment date May 2, 2021 $15,501 $0.050 March 30, 2021 May 7, 2021 August 1, 2021 $15,311 $0.050 June 8, 2021 August 6, 2021 October 31, 2021 $15,069 $0.050 September 8, 2021 November 5, 2021 January 30, 2022 $14,891 $0.050 December 7, 2021 February 4, 2022 Review the statement of changes in shareholders' equity (deficit) look at the line in fiscal 2021 titled 'Repurchase and cancellation of common shares'. Recreate the journal entry to reflect the repurchase and cancellation. Were the shares repurchased for a higher or lower amount than they were originally issued for? Explain. [Hint: Be careful, one of the columns in the statement reflects the number of shares (not a $value).] Dollarama Inc. Consolidated Statements of Changes in Shareholders' Equity (Deficit) for the years ended (Expressed in thousands of Canadian dollars, except share amounts) Balance - February 2, 2020 Net earnings Other comprehensive loss Total comprehensive income (loss) Transfer of realized cash flow hedge gains to inventory Dividends declared Repurchase and cancellation of common shares Share-based compensation Issuance of common shares Reclassification for the exercise of share options Balance - January 31, 2021 Net earnings Other comprehensive loss Total comprehensive income (loss) Transfer of realized cash flow hedge losses to inventory Dividends declared Repurchase and cancellation of common shares Share-based compensation Issuance of common shares i Reclassification for the exercise of share options Balance - January 30, 2022 Note 12 310,231,037 2 222 22 12 12 12 12 12 NNNNNN 12 12 310,266,429 12 12 Number of common shares 12 12 . (1,621,708) (2,437) 1,657,100 32,399 6,821 (18,176,760) 723,900 capital $ Share Contributed surplus $ 12 292,813,569 448,704 485,487 (29,425) 19,164 4,220 479,446 29,108 6,240 (6,821) 28,527 8,617 (4.220) 32,924 Deficit $ (574,110) 564,348 564,348 (55,616) (84,005) (149,983) 663,169 663,169 (60,772) (1.030,493) (578,079) Accumulated other comprehensive Income (loss) 4,102 (32,620) (32,620) (659) (29,177) (1.070) (1,070) 29,922 (325) Total $ (92.196) 564,348 (32,620) 531,728 (659) (55,616) (87,042) 6,240 32,399 334,854 663,169 (1.070) 662,099 29,922 (60,772) (1,059,918) 8,617 19,164 (66,034) Dollarama Inc. Consolidated Statements of Financial Position as at (Expressed in thousands of Canadian dollars) Assets Current assets Cash Accounts receivable Prepaid expenses Inventories Derivative financial instruments Non-current assets Right-of-use assets Property, plant and equipment Intangible assets Derivative financial instruments Goodwill Equity-accounted investment Total assets Note 14 677889 January 30, 2022 71,058 26,260 13,135 590,927 15,987 717,367 1,480,255 761,876 164,066 290 727,782 211,926 4,063,562 January 31, 2021 439,144 20,546 9,549 630,655 468 1,100,362 1,344,639 709,469 161,791 314 727,782 179,389 4,223,746 Liabilities and shareholders' equity (deficit) Current liabilities Accounts payable and accrued liabilities Short-term borrowings Dividend payable Derivative financial instruments Income taxes payable Current portion of long-term debt Current portion of lease liabilities Non-current liabilities Non-current portion of long-term debt Non-current portion of lease liabilities Deferred income taxes Total liabilities Shareholders' equity (deficit) Share capital Contributed surplus Deficit Accumulated other comprehensive loss Total shareholders' equity (deficit) Total liabilities and shareholders' equity (deficit) 10 11 12 14 11 6 163 11 2222 283,125 89,386 14,891 3,435 62,516 257,674 200,864 911,891 1,539,240 1,526,564 151,901 4,129,596 479,446 32,924 (578,079) (325) (66,034) 4,063,562 253,072 14,583 25,821 12,975 832,821 181,893 1,321,165 1,044,079 1,401,769 121,879 3,888,892 485,487 28,527 (149,983) (29,177) 334,854 4,223,746 Dollarama Inc. Consolidated Statements of Net Earnings and Comprehensive Income for the years ended (Expressed in thousands of Canadian dollars, except share and per share amounts) Sales Cost of sales Gross profit General, administrative and store operating expenses Depreciation and amortization Share of net earnings of equity-accounted investment Operating income Financing costs Earnings before income taxes Income taxes Net earnings Note 17 19 47 13 January 30, 2022 4,330,761 2,428,536 1,902,225 652,832 297,960 (33,184) 984,617 91,216 893,401 230,232 663,169 January 31, 2021 $ 4,026,259 2,261,248 1,765,011 654,032 269,633 (19,654) 861,000 95,646 765,354 201,006 564,348 12 Shareholders' equity (deficit) b) Common shares authorized The Corporation is authorized to issue an unlimited number of common shares. All common shares are issued as fully paid and without par value. Movements in the Corporation's share capital for fiscal years ended on the dates indicated below were as follows: Balance, beginning of year Cancellation under NCIB Exercise of share options Balance, end of year January 30, 2022 Number of common shares 310,266,429 (18,176,760) 723,900 292,813,569 Amount ($) 485,487 (29,425) 23,384 479,446 January 31, 2021 Number of common shares 310,231,037 (1,621,708) 1,657,100 310,266,429 Amount (S) 448,704 (2,437) 39,220 485,487 e) Dividends The table below outlines the amounts of dividends recognized as distributions to holders of common shares in the consolidated statement of changes in shareholders' equity (deficit) during each quarter of the fiscal year ended January 30, 2022 and January 31, 2021. For the quarters ending Dividend declared Dividend per common share Declaration date Payment date May 2, 2021 $15,501 $0.050 March 30, 2021 May 7, 2021 August 1, 2021 $15,311 $0.050 June 8, 2021 August 6, 2021 October 31, 2021 $15,069 $0.050 September 8, 2021 November 5, 2021 January 30, 2022 $14,891 $0.050 December 7, 2021 February 4, 2022 Review the statement of changes in shareholders' equity (deficit) look at the line in fiscal 2021 titled 'Repurchase and cancellation of common shares'. Recreate the journal entry to reflect the repurchase and cancellation. Were the shares repurchased for a higher or lower amount than they were originally issued for? Explain. [Hint: Be careful, one of the columns in the statement reflects the number of shares (not a $value).] Dollarama Inc. Consolidated Statements of Changes in Shareholders' Equity (Deficit) for the years ended (Expressed in thousands of Canadian dollars, except share amounts) Balance - February 2, 2020 Net earnings Other comprehensive loss Total comprehensive income (loss) Transfer of realized cash flow hedge gains to inventory Dividends declared Repurchase and cancellation of common shares Share-based compensation Issuance of common shares Reclassification for the exercise of share options Balance - January 31, 2021 Net earnings Other comprehensive loss Total comprehensive income (loss) Transfer of realized cash flow hedge losses to inventory Dividends declared Repurchase and cancellation of common shares Share-based compensation Issuance of common shares i Reclassification for the exercise of share options Balance - January 30, 2022 Note 12 310,231,037 2 222 22 12 12 12 12 12 NNNNNN 12 12 310,266,429 12 12 Number of common shares 12 12 . (1,621,708) (2,437) 1,657,100 32,399 6,821 (18,176,760) 723,900 capital $ Share Contributed surplus $ 12 292,813,569 448,704 485,487 (29,425) 19,164 4,220 479,446 29,108 6,240 (6,821) 28,527 8,617 (4.220) 32,924 Deficit $ (574,110) 564,348 564,348 (55,616) (84,005) (149,983) 663,169 663,169 (60,772) (1.030,493) (578,079) Accumulated other comprehensive Income (loss) 4,102 (32,620) (32,620) (659) (29,177) (1.070) (1,070) 29,922 (325) Total $ (92.196) 564,348 (32,620) 531,728 (659) (55,616) (87,042) 6,240 32,399 334,854 663,169 (1.070) 662,099 29,922 (60,772) (1,059,918) 8,617 19,164 (66,034) Dollarama Inc. Consolidated Statements of Financial Position as at (Expressed in thousands of Canadian dollars) Assets Current assets Cash Accounts receivable Prepaid expenses Inventories Derivative financial instruments Non-current assets Right-of-use assets Property, plant and equipment Intangible assets Derivative financial instruments Goodwill Equity-accounted investment Total assets Note 14 677889 January 30, 2022 71,058 26,260 13,135 590,927 15,987 717,367 1,480,255 761,876 164,066 290 727,782 211,926 4,063,562 January 31, 2021 439,144 20,546 9,549 630,655 468 1,100,362 1,344,639 709,469 161,791 314 727,782 179,389 4,223,746 Liabilities and shareholders' equity (deficit) Current liabilities Accounts payable and accrued liabilities Short-term borrowings Dividend payable Derivative financial instruments Income taxes payable Current portion of long-term debt Current portion of lease liabilities Non-current liabilities Non-current portion of long-term debt Non-current portion of lease liabilities Deferred income taxes Total liabilities Shareholders' equity (deficit) Share capital Contributed surplus Deficit Accumulated other comprehensive loss Total shareholders' equity (deficit) Total liabilities and shareholders' equity (deficit) 10 11 12 14 11 6 163 11 2222 283,125 89,386 14,891 3,435 62,516 257,674 200,864 911,891 1,539,240 1,526,564 151,901 4,129,596 479,446 32,924 (578,079) (325) (66,034) 4,063,562 253,072 14,583 25,821 12,975 832,821 181,893 1,321,165 1,044,079 1,401,769 121,879 3,888,892 485,487 28,527 (149,983) (29,177) 334,854 4,223,746 Dollarama Inc. Consolidated Statements of Net Earnings and Comprehensive Income for the years ended (Expressed in thousands of Canadian dollars, except share and per share amounts) Sales Cost of sales Gross profit General, administrative and store operating expenses Depreciation and amortization Share of net earnings of equity-accounted investment Operating income Financing costs Earnings before income taxes Income taxes Net earnings Note 17 19 47 13 January 30, 2022 4,330,761 2,428,536 1,902,225 652,832 297,960 (33,184) 984,617 91,216 893,401 230,232 663,169 January 31, 2021 $ 4,026,259 2,261,248 1,765,011 654,032 269,633 (19,654) 861,000 95,646 765,354 201,006 564,348 12 Shareholders' equity (deficit) b) Common shares authorized The Corporation is authorized to issue an unlimited number of common shares. All common shares are issued as fully paid and without par value. Movements in the Corporation's share capital for fiscal years ended on the dates indicated below were as follows: Balance, beginning of year Cancellation under NCIB Exercise of share options Balance, end of year January 30, 2022 Number of common shares 310,266,429 (18,176,760) 723,900 292,813,569 Amount ($) 485,487 (29,425) 23,384 479,446 January 31, 2021 Number of common shares 310,231,037 (1,621,708) 1,657,100 310,266,429 Amount (S) 448,704 (2,437) 39,220 485,487 e) Dividends The table below outlines the amounts of dividends recognized as distributions to holders of common shares in the consolidated statement of changes in shareholders' equity (deficit) during each quarter of the fiscal year ended January 30, 2022 and January 31, 2021. For the quarters ending Dividend declared Dividend per common share Declaration date Payment date May 2, 2021 $15,501 $0.050 March 30, 2021 May 7, 2021 August 1, 2021 $15,311 $0.050 June 8, 2021 August 6, 2021 October 31, 2021 $15,069 $0.050 September 8, 2021 November 5, 2021 January 30, 2022 $14,891 $0.050 December 7, 2021 February 4, 2022 Review the statement of changes in shareholders' equity (deficit) look at the line in fiscal 2021 titled 'Repurchase and cancellation of common shares'. Recreate the journal entry to reflect the repurchase and cancellation. Were the shares repurchased for a higher or lower amount than they were originally issued for? Explain. [Hint: Be careful, one of the columns in the statement reflects the number of shares (not a $value).] Dollarama Inc. Consolidated Statements of Changes in Shareholders' Equity (Deficit) for the years ended (Expressed in thousands of Canadian dollars, except share amounts) Balance - February 2, 2020 Net earnings Other comprehensive loss Total comprehensive income (loss) Transfer of realized cash flow hedge gains to inventory Dividends declared Repurchase and cancellation of common shares Share-based compensation Issuance of common shares Reclassification for the exercise of share options Balance - January 31, 2021 Net earnings Other comprehensive loss Total comprehensive income (loss) Transfer of realized cash flow hedge losses to inventory Dividends declared Repurchase and cancellation of common shares Share-based compensation Issuance of common shares i Reclassification for the exercise of share options Balance - January 30, 2022 Note 12 310,231,037 2 222 22 12 12 12 12 12 NNNNNN 12 12 310,266,429 12 12 Number of common shares 12 12 . (1,621,708) (2,437) 1,657,100 32,399 6,821 (18,176,760) 723,900 capital $ Share Contributed surplus $ 12 292,813,569 448,704 485,487 (29,425) 19,164 4,220 479,446 29,108 6,240 (6,821) 28,527 8,617 (4.220) 32,924 Deficit $ (574,110) 564,348 564,348 (55,616) (84,005) (149,983) 663,169 663,169 (60,772) (1.030,493) (578,079) Accumulated other comprehensive Income (loss) 4,102 (32,620) (32,620) (659) (29,177) (1.070) (1,070) 29,922 (325) Total $ (92.196) 564,348 (32,620) 531,728 (659) (55,616) (87,042) 6,240 32,399 334,854 663,169 (1.070) 662,099 29,922 (60,772) (1,059,918) 8,617 19,164 (66,034) Dollarama Inc. Consolidated Statements of Financial Position as at (Expressed in thousands of Canadian dollars) Assets Current assets Cash Accounts receivable Prepaid expenses Inventories Derivative financial instruments Non-current assets Right-of-use assets Property, plant and equipment Intangible assets Derivative financial instruments Goodwill Equity-accounted investment Total assets Note 14 677889 January 30, 2022 71,058 26,260 13,135 590,927 15,987 717,367 1,480,255 761,876 164,066 290 727,782 211,926 4,063,562 January 31, 2021 439,144 20,546 9,549 630,655 468 1,100,362 1,344,639 709,469 161,791 314 727,782 179,389 4,223,746 Liabilities and shareholders' equity (deficit) Current liabilities Accounts payable and accrued liabilities Short-term borrowings Dividend payable Derivative financial instruments Income taxes payable Current portion of long-term debt Current portion of lease liabilities Non-current liabilities Non-current portion of long-term debt Non-current portion of lease liabilities Deferred income taxes Total liabilities Shareholders' equity (deficit) Share capital Contributed surplus Deficit Accumulated other comprehensive loss Total shareholders' equity (deficit) Total liabilities and shareholders' equity (deficit) 10 11 12 14 11 6 163 11 2222 283,125 89,386 14,891 3,435 62,516 257,674 200,864 911,891 1,539,240 1,526,564 151,901 4,129,596 479,446 32,924 (578,079) (325) (66,034) 4,063,562 253,072 14,583 25,821 12,975 832,821 181,893 1,321,165 1,044,079 1,401,769 121,879 3,888,892 485,487 28,527 (149,983) (29,177) 334,854 4,223,746 Dollarama Inc. Consolidated Statements of Net Earnings and Comprehensive Income for the years ended (Expressed in thousands of Canadian dollars, except share and per share amounts) Sales Cost of sales Gross profit General, administrative and store operating expenses Depreciation and amortization Share of net earnings of equity-accounted investment Operating income Financing costs Earnings before income taxes Income taxes Net earnings Note 17 19 47 13 January 30, 2022 4,330,761 2,428,536 1,902,225 652,832 297,960 (33,184) 984,617 91,216 893,401 230,232 663,169 January 31, 2021 $ 4,026,259 2,261,248 1,765,011 654,032 269,633 (19,654) 861,000 95,646 765,354 201,006 564,348 12 Shareholders' equity (deficit) b) Common shares authorized The Corporation is authorized to issue an unlimited number of common shares. All common shares are issued as fully paid and without par value. Movements in the Corporation's share capital for fiscal years ended on the dates indicated below were as follows: Balance, beginning of year Cancellation under NCIB Exercise of share options Balance, end of year January 30, 2022 Number of common shares 310,266,429 (18,176,760) 723,900 292,813,569 Amount ($) 485,487 (29,425) 23,384 479,446 January 31, 2021 Number of common shares 310,231,037 (1,621,708) 1,657,100 310,266,429 Amount (S) 448,704 (2,437) 39,220 485,487 e) Dividends The table below outlines the amounts of dividends recognized as distributions to holders of common shares in the consolidated statement of changes in shareholders' equity (deficit) during each quarter of the fiscal year ended January 30, 2022 and January 31, 2021. For the quarters ending Dividend declared Dividend per common share Declaration date Payment date May 2, 2021 $15,501 $0.050 March 30, 2021 May 7, 2021 August 1, 2021 $15,311 $0.050 June 8, 2021 August 6, 2021 October 31, 2021 $15,069 $0.050 September 8, 2021 November 5, 2021 January 30, 2022 $14,891 $0.050 December 7, 2021 February 4, 2022 Review the statement of changes in shareholders' equity (deficit) look at the line in fiscal 2021 titled 'Repurchase and cancellation of common shares'. Recreate the journal entry to reflect the repurchase and cancellation. Were the shares repurchased for a higher or lower amount than they were originally issued for? Explain. [Hint: Be careful, one of the columns in the statement reflects the number of shares (not a $value).] Dollarama Inc. Consolidated Statements of Changes in Shareholders' Equity (Deficit) for the years ended (Expressed in thousands of Canadian dollars, except share amounts) Balance - February 2, 2020 Net earnings Other comprehensive loss Total comprehensive income (loss) Transfer of realized cash flow hedge gains to inventory Dividends declared Repurchase and cancellation of common shares Share-based compensation Issuance of common shares Reclassification for the exercise of share options Balance - January 31, 2021 Net earnings Other comprehensive loss Total comprehensive income (loss) Transfer of realized cash flow hedge losses to inventory Dividends declared Repurchase and cancellation of common shares Share-based compensation Issuance of common shares i Reclassification for the exercise of share options Balance - January 30, 2022 Note 12 310,231,037 2 222 22 12 12 12 12 12 NNNNNN 12 12 310,266,429 12 12 Number of common shares 12 12 . (1,621,708) (2,437) 1,657,100 32,399 6,821 (18,176,760) 723,900 capital $ Share Contributed surplus $ 12 292,813,569 448,704 485,487 (29,425) 19,164 4,220 479,446 29,108 6,240 (6,821) 28,527 8,617 (4.220) 32,924 Deficit $ (574,110) 564,348 564,348 (55,616) (84,005) (149,983) 663,169 663,169 (60,772) (1.030,493) (578,079) Accumulated other comprehensive Income (loss) 4,102 (32,620) (32,620) (659) (29,177) (1.070) (1,070) 29,922 (325) Total $ (92.196) 564,348 (32,620) 531,728 (659) (55,616) (87,042) 6,240 32,399 334,854 663,169 (1.070) 662,099 29,922 (60,772) (1,059,918) 8,617 19,164 (66,034) Dollarama Inc. Consolidated Statements of Financial Position as at (Expressed in thousands of Canadian dollars) Assets Current assets Cash Accounts receivable Prepaid expenses Inventories Derivative financial instruments Non-current assets Right-of-use assets Property, plant and equipment Intangible assets Derivative financial instruments Goodwill Equity-accounted investment Total assets Note 14 677889 January 30, 2022 71,058 26,260 13,135 590,927 15,987 717,367 1,480,255 761,876 164,066 290 727,782 211,926 4,063,562 January 31, 2021 439,144 20,546 9,549 630,655 468 1,100,362 1,344,639 709,469 161,791 314 727,782 179,389 4,223,746 Liabilities and shareholders' equity (deficit) Current liabilities Accounts payable and accrued liabilities Short-term borrowings Dividend payable Derivative financial instruments Income taxes payable Current portion of long-term debt Current portion of lease liabilities Non-current liabilities Non-current portion of long-term debt Non-current portion of lease liabilities Deferred income taxes Total liabilities Shareholders' equity (deficit) Share capital Contributed surplus Deficit Accumulated other comprehensive loss Total shareholders' equity (deficit) Total liabilities and shareholders' equity (deficit) 10 11 12 14 11 6 163 11 2222 283,125 89,386 14,891 3,435 62,516 257,674 200,864 911,891 1,539,240 1,526,564 151,901 4,129,596 479,446 32,924 (578,079) (325) (66,034) 4,063,562 253,072 14,583 25,821 12,975 832,821 181,893 1,321,165 1,044,079 1,401,769 121,879 3,888,892 485,487 28,527 (149,983) (29,177) 334,854 4,223,746 Dollarama Inc. Consolidated Statements of Net Earnings and Comprehensive Income for the years ended (Expressed in thousands of Canadian dollars, except share and per share amounts) Sales Cost of sales Gross profit General, administrative and store operating expenses Depreciation and amortization Share of net earnings of equity-accounted investment Operating income Financing costs Earnings before income taxes Income taxes Net earnings Note 17 19 47 13 January 30, 2022 4,330,761 2,428,536 1,902,225 652,832 297,960 (33,184) 984,617 91,216 893,401 230,232 663,169 January 31, 2021 $ 4,026,259 2,261,248 1,765,011 654,032 269,633 (19,654) 861,000 95,646 765,354 201,006 564,348 12 Shareholders' equity (deficit) b) Common shares authorized The Corporation is authorized to issue an unlimited number of common shares. All common shares are issued as fully paid and without par value. Movements in the Corporation's share capital for fiscal years ended on the dates indicated below were as follows: Balance, beginning of year Cancellation under NCIB Exercise of share options Balance, end of year January 30, 2022 Number of common shares 310,266,429 (18,176,760) 723,900 292,813,569 Amount ($) 485,487 (29,425) 23,384 479,446 January 31, 2021 Number of common shares 310,231,037 (1,621,708) 1,657,100 310,266,429 Amount (S) 448,704 (2,437) 39,220 485,487 e) Dividends The table below outlines the amounts of dividends recognized as distributions to holders of common shares in the consolidated statement of changes in shareholders' equity (deficit) during each quarter of the fiscal year ended January 30, 2022 and January 31, 2021. For the quarters ending Dividend declared Dividend per common share Declaration date Payment date May 2, 2021 $15,501 $0.050 March 30, 2021 May 7, 2021 August 1, 2021 $15,311 $0.050 June 8, 2021 August 6, 2021 October 31, 2021 $15,069 $0.050 September 8, 2021 November 5, 2021 January 30, 2022 $14,891 $0.050 December 7, 2021 February 4, 2022 Review the statement of changes in shareholders' equity (deficit) look at the line in fiscal 2021 titled 'Repurchase and cancellation of common shares'. Recreate the journal entry to reflect the repurchase and cancellation. Were the shares repurchased for a higher or lower amount than they were originally issued for? Explain. [Hint: Be careful, one of the columns in the statement reflects the number of shares (not a $value).] Dollarama Inc. Consolidated Statements of Changes in Shareholders' Equity (Deficit) for the years ended (Expressed in thousands of Canadian dollars, except share amounts) Balance - February 2, 2020 Net earnings Other comprehensive loss Total comprehensive income (loss) Transfer of realized cash flow hedge gains to inventory Dividends declared Repurchase and cancellation of common shares Share-based compensation Issuance of common shares Reclassification for the exercise of share options Balance - January 31, 2021 Net earnings Other comprehensive loss Total comprehensive income (loss) Transfer of realized cash flow hedge losses to inventory Dividends declared Repurchase and cancellation of common shares Share-based compensation Issuance of common shares i Reclassification for the exercise of share options Balance - January 30, 2022 Note 12 310,231,037 2 222 22 12 12 12 12 12 NNNNNN 12 12 310,266,429 12 12 Number of common shares 12 12 . (1,621,708) (2,437) 1,657,100 32,399 6,821 (18,176,760) 723,900 capital $ Share Contributed surplus $ 12 292,813,569 448,704 485,487 (29,425) 19,164 4,220 479,446 29,108 6,240 (6,821) 28,527 8,617 (4.220) 32,924 Deficit $ (574,110) 564,348 564,348 (55,616) (84,005) (149,983) 663,169 663,169 (60,772) (1.030,493) (578,079) Accumulated other comprehensive Income (loss) 4,102 (32,620) (32,620) (659) (29,177) (1.070) (1,070) 29,922 (325) Total $ (92.196) 564,348 (32,620) 531,728 (659) (55,616) (87,042) 6,240 32,399 334,854 663,169 (1.070) 662,099 29,922 (60,772) (1,059,918) 8,617 19,164 (66,034) Dollarama Inc. Consolidated Statements of Financial Position as at (Expressed in thousands of Canadian dollars) Assets Current assets Cash Accounts receivable Prepaid expenses Inventories Derivative financial instruments Non-current assets Right-of-use assets Property, plant and equipment Intangible assets Derivative financial instruments Goodwill Equity-accounted investment Total assets Note 14 677889 January 30, 2022 71,058 26,260 13,135 590,927 15,987 717,367 1,480,255 761,876 164,066 290 727,782 211,926 4,063,562 January 31, 2021 439,144 20,546 9,549 630,655 468 1,100,362 1,344,639 709,469 161,791 314 727,782 179,389 4,223,746 Liabilities and shareholders' equity (deficit) Current liabilities Accounts payable and accrued liabilities Short-term borrowings Dividend payable Derivative financial instruments Income taxes payable Current portion of long-term debt Current portion of lease liabilities Non-current liabilities Non-current portion of long-term debt Non-current portion of lease liabilities Deferred income taxes Total liabilities Shareholders' equity (deficit) Share capital Contributed surplus Deficit Accumulated other comprehensive loss Total shareholders' equity (deficit) Total liabilities and shareholders' equity (deficit) 10 11 12 14 11 6 163 11 2222 283,125 89,386 14,891 3,435 62,516 257,674 200,864 911,891 1,539,240 1,526,564 151,901 4,129,596 479,446 32,924 (578,079) (325) (66,034) 4,063,562 253,072 14,583 25,821 12,975 832,821 181,893 1,321,165 1,044,079 1,401,769 121,879 3,888,892 485,487 28,527 (149,983) (29,177) 334,854 4,223,746 Dollarama Inc. Consolidated Statements of Net Earnings and Comprehensive Income for the years ended (Expressed in thousands of Canadian dollars, except share and per share amounts) Sales Cost of sales Gross profit General, administrative and store operating expenses Depreciation and amortization Share of net earnings of equity-accounted investment Operating income Financing costs Earnings before income taxes Income taxes Net earnings Note 17 19 47 13 January 30, 2022 4,330,761 2,428,536 1,902,225 652,832 297,960 (33,184) 984,617 91,216 893,401 230,232 663,169 January 31, 2021 $ 4,026,259 2,261,248 1,765,011 654,032 269,633 (19,654) 861,000 95,646 765,354 201,006 564,348 12 Shareholders' equity (deficit) b) Common shares authorized The Corporation is authorized to issue an unlimited number of common shares. All common shares are issued as fully paid and without par value. Movements in the Corporation's share capital for fiscal years ended on the dates indicated below were as follows: Balance, beginning of year Cancellation under NCIB Exercise of share options Balance, end of year January 30, 2022 Number of common shares 310,266,429 (18,176,760) 723,900 292,813,569 Amount ($) 485,487 (29,425) 23,384 479,446 January 31, 2021 Number of common shares 310,231,037 (1,621,708) 1,657,100 310,266,429 Amount (S) 448,704 (2,437) 39,220 485,487 e) Dividends The table below outlines the amounts of dividends recognized as distributions to holders of common shares in the consolidated statement of changes in shareholders' equity (deficit) during each quarter of the fiscal year ended January 30, 2022 and January 31, 2021. For the quarters ending Dividend declared Dividend per common share Declaration date Payment date May 2, 2021 $15,501 $0.050 March 30, 2021 May 7, 2021 August 1, 2021 $15,311 $0.050 June 8, 2021 August 6, 2021 October 31, 2021 $15,069 $0.050 September 8, 2021 November 5, 2021 January 30, 2022 $14,891 $0.050 December 7, 2021 February 4, 2022 Review the statement of changes in shareholders' equity (deficit) look at the line in fiscal 2021 titled 'Repurchase and cancellation of common shares'. Recreate the journal entry to reflect the repurchase and cancellation. Were the shares repurchased for a higher or lower amount than they were originally issued for? Explain. [Hint: Be careful, one of the columns in the statement reflects the number of shares (not a $value).] Dollarama Inc. Consolidated Statements of Changes in Shareholders' Equity (Deficit) for the years ended (Expressed in thousands of Canadian dollars, except share amounts) Balance - February 2, 2020 Net earnings Other comprehensive loss Total comprehensive income (loss) Transfer of realized cash flow hedge gains to inventory Dividends declared Repurchase and cancellation of common shares Share-based compensation Issuance of common shares Reclassification for the exercise of share options Balance - January 31, 2021 Net earnings Other comprehensive loss Total comprehensive income (loss) Transfer of realized cash flow hedge losses to inventory Dividends declared Repurchase and cancellation of common shares Share-based compensation Issuance of common shares i Reclassification for the exercise of share options Balance - January 30, 2022 Note 12 310,231,037 2 222 22 12 12 12 12 12 NNNNNN 12 12 310,266,429 12 12 Number of common shares 12 12 . (1,621,708) (2,437) 1,657,100 32,399 6,821 (18,176,760) 723,900 capital $ Share Contributed surplus $ 12 292,813,569 448,704 485,487 (29,425) 19,164 4,220 479,446 29,108 6,240 (6,821) 28,527 8,617 (4.220) 32,924 Deficit $ (574,110) 564,348 564,348 (55,616) (84,005) (149,983) 663,169 663,169 (60,772) (1.030,493) (578,079) Accumulated other comprehensive Income (loss) 4,102 (32,620) (32,620) (659) (29,177) (1.070) (1,070) 29,922 (325) Total $ (92.196) 564,348 (32,620) 531,728 (659) (55,616) (87,042) 6,240 32,399 334,854 663,169 (1.070) 662,099 29,922 (60,772) (1,059,918) 8,617 19,164 (66,034) Dollarama Inc. Consolidated Statements of Financial Position as at (Expressed in thousands of Canadian dollars) Assets Current assets Cash Accounts receivable Prepaid expenses Inventories Derivative financial instruments Non-current assets Right-of-use assets Property, plant and equipment Intangible assets Derivative financial instruments Goodwill Equity-accounted investment Total assets Note 14 677889 January 30, 2022 71,058 26,260 13,135 590,927 15,987 717,367 1,480,255 761,876 164,066 290 727,782 211,926 4,063,562 January 31, 2021 439,144 20,546 9,549 630,655 468 1,100,362 1,344,639 709,469 161,791 314 727,782 179,389 4,223,746 Liabilities and shareholders' equity (deficit) Current liabilities Accounts payable and accrued liabilities Short-term borrowings Dividend payable Derivative financial instruments Income taxes payable Current portion of long-term debt Current portion of lease liabilities Non-current liabilities Non-current portion of long-term debt Non-current portion of lease liabilities Deferred income taxes Total liabilities Shareholders' equity (deficit) Share capital Contributed surplus Deficit Accumulated other comprehensive loss Total shareholders' equity (deficit) Total liabilities and shareholders' equity (deficit) 10 11 12 14 11 6 163 11 2222 283,125 89,386 14,891 3,435 62,516 257,674 200,864 911,891 1,539,240 1,526,564 151,901 4,129,596 479,446 32,924 (578,079) (325) (66,034) 4,063,562 253,072 14,583 25,821 12,975 832,821 181,893 1,321,165 1,044,079 1,401,769 121,879 3,888,892 485,487 28,527 (149,983) (29,177) 334,854 4,223,746 Dollarama Inc. Consolidated Statements of Net Earnings and Comprehensive Income for the years ended (Expressed in thousands of Canadian dollars, except share and per share amounts) Sales Cost of sales Gross profit General, administrative and store operating expenses Depreciation and amortization Share of net earnings of equity-accounted investment Operating income Financing costs Earnings before income taxes Income taxes Net earnings Note 17 19 47 13 January 30, 2022 4,330,761 2,428,536 1,902,225 652,832 297,960 (33,184) 984,617 91,216 893,401 230,232 663,169 January 31, 2021 $ 4,026,259 2,261,248 1,765,011 654,032 269,633 (19,654) 861,000 95,646 765,354 201,006 564,348 12 Shareholders' equity (deficit) b) Common shares authorized The Corporation is authorized to issue an unlimited number of common shares. All common shares are issued as fully paid and without par value. Movements in the Corporation's share capital for fiscal years ended on the dates indicated below were as follows: Balance, beginning of year Cancellation under NCIB Exercise of share options Balance, end of year January 30, 2022 Number of common shares 310,266,429 (18,176,760) 723,900 292,813,569 Amount ($) 485,487 (29,425) 23,384 479,446 January 31, 2021 Number of common shares 310,231,037 (1,621,708) 1,657,100 310,266,429 Amount (S) 448,704 (2,437) 39,220 485,487 e) Dividends The table below outlines the amounts of dividends recognized as distributions to holders of common shares in the consolidated statement of changes in shareholders' equity (deficit) during each quarter of the fiscal year ended January 30, 2022 and January 31, 2021. For the quarters ending Dividend declared Dividend per common share Declaration date Payment date May 2, 2021 $15,501 $0.050 March 30, 2021 May 7, 2021 August 1, 2021 $15,311 $0.050 June 8, 2021 August 6, 2021 October 31, 2021 $15,069 $0.050 September 8, 2021 November 5, 2021 January 30, 2022 $14,891 $0.050 December 7, 2021 February 4, 2022
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Based on the provided information from Dollarama Incs Consolidated Statements of Changes in Shareholders Equity Deficit lets analyze the line item related to the repurchase and cancellation of common ... View the full answer
Related Book For
Understanding Financial Accounting
ISBN: 978-1118849385
1st Canadian Edition
Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald
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On November 9, 2011, Dean Foods a Dallas Texas-based food and beverage company, announced that it would write off \($1.6\) billion, net of tax, in goodwill associated with its Fresh Dairy Direct...
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Production workers for Chadwick Manufacturing Company provided 3,200 hours of labor in January and 2,800 hours in February. The company, whose operation is labor intensive, expects to use 48,000...
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A statistical test used to compare distributions (and determine differences) is the _____ test
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Use information on the endpapers of this book to calculate the average density of the Earth. Where does the value fit among those listed in Tables 1.5 and 14.1? Look up the density of a typical...
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What is the TASS model? How does the model talk about aggressive reactions? In an experiment, participants either high or low in trait aggressiveness were given either low or high provocations....
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Barnum Company acquired several small companies at the end of 2018, and based on the acquisitions, reported the following intangible assets on its December 31, 2018, balance sheet: Patent Trade name...
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Write a reflection that addresses these points, Summarize the areas of wellness where you believe you are doing well . Identify areas for improvement and make a plan . Discuss how you will teach...
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Note that you must reference the data you are using for the project Business Finance Assignment | Trend Analysis OBJECTIVE You are to assume you have been recently hired by The Company and have been...
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Assuming you get a job as a network engineer in a multinational company that has five (5) regional station that must be interconnected with others for smooth operation of the organization. The...
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$50,570 payments to be made at the end of each period for 17 periods at 10%. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 458,581.) Present value...
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A clinical laboratory has developed a new test that is billable to Federal health care programs, but physicians are not ordering the tests. The clinical laboratory decides it wants to start paying...
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Define cultural intelligence. Cite the books or journal articles you found in Capella's library. Explain why cultural intelligence is important for HR practitioners and other organizational managers.
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As a potential lender, discuss how you might view the nature of a deferred income tax liability on a companys statement of financial position, and whether you would treat it in the same way as you...
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The following information for the current year was obtained from the accounting records of Safari Supplies Corporation: Retained earnings, beginning .......... $ 96,000 Retained earnings, ending...
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Quebec Super cheese Company (QSC) produces many varieties of cheese that are sold in every province in Canada, mainly through large grocery stores and specialty cheese shops. The cheese is produced...
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Which core job characteristic promotes job satisfaction for nurses? A. Rigid rules. B. Autonomy in decision making. C. Hierarchical decision making. D. Lack of communication with physicians.
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According to Herzberg, a nurse is apt to leave a job if: A. Interpersonal relationships with coworkers are bad. B. Opportunities for promotion are rare. C. Achievements are not recognized. D. No...
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Which employee is most likely to be a representative of Generation X? A. Mary, who has worked at the hospital for 10 years and would not think of quitting. B. Sue, who is motivated by money and will...
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