Sauyemwa Limited is a public company listed on the Namibia Stock Exchange, a the following authorised capital: 1 000 000 Ordinary Shares of N$ 2 each; and 500 000, 15% Preference shares of N$ 1,50 each. The following list of accounts and their balances appeared on the opening Trial Balance as at 01 September 2018: N$ Ordinary share capital 1 200 000 15% Preference share capital 300 000 Share premium 150 000 General reserve 155 750 Preliminary expenses 25 235 Revaluation reserve 15 632 Land and buildings at cost 430 000 Accumulated depreciation-Buildings 20 000 Retained earnings 242 645 Additional information 1) The profit for the year ended 31 August 2019 amounted to N$ 356 286. 2) The land and building was acquired some years ago. The cost of the building was estimated at N$100 000 and the estimated useful life of the assets were fifty years at the time of purchase. As at 31 August 2019, the land and building is to be revalued at N$ 800 000. 3) An interim dividend had been declared and paid at 15 cents for each share on 01 March 2019 to shareholders registered on that date. 4) On 1 June 2019, 100 000 ordinary shares were offered to the public for NS 3 per share and underwriting commission amounted to NS 21 458. All shares were taken up and all the applicants were allotted shares. 5) On 25 July 2019, the Board of Directors authorised a capitalisation issue of 1 ordinary share for every 10 shares held at par, this was done by utilising the Share Premium account 6) The Management wishes to provide for: a) A transfer to general reserve of N$16000 b) Write-off all share issues costs and preliminary expenses against Share Premium account REQUIRED: Marks Statement of changes in equity of Sauyemwa Limited for the year ended 2.1 31 August 2019 to comply with requirements IFRS and Companies Act of 16 2008. Comparative figures are required Prepare notes to financial statement as at 31 August 2019 to comply with 2.2 minimum requirement of companies Act of 2018 and International 9 Financial Reporting Standards pertaining to the share capital only TOTAL MARKS