STAGE 2: 
STAGE 1 25 marks Glacier Holdings Ltd (GHL) is a public company and was incorporated a number of years ago and has been very successful. The equity section of the balance sheet of the company at the 30th June 20x1 is provided below: OWNERS' EQUITY Issued Capital Reserves Retained profits TOTAL OWNERS' EQUITY 85,000,000 39,952,000 13,675,400 138,627,400 The company's financial year ends on 30th June. Additional Information: 1. Issued capital is comprised of: 12,000,000 ordinary shares all issued at $5.00 each $25,000,000 of 6%pa preference shares. Dividends on these shares are paid annually on the last day of August. A list of ordinary shareholders and their holdings as at 30th June 20X1 is provided on the next page. On the 15th June 20x1 the company determined a final dividend of 4.0 cents per ordinary share. This was declared on the 15th July 20X1 and paid the day after the annual general meeting which was held on the 14th September 20X1. The following are a selection of ASX closing daily share prices for GHL Date Closing Share Price $ Date Closing Share Price $ 30/4/X1 $5.00 31/7/X1 $5.28 15/5/X1 $5.08 15/8/X1 $5.22 31/5/X1 $5.26 31/8/X1 $5.18 15/6/X1 $5.28 14/9/X1 $5.38 30/6/X1 $5.23 30/9/X1 $5.30 15/7/X1 $5.20 14/10/X1 $5.29 2. An interim dividend of 5 cents per ordinary share was declared and paid on the 10th March 20X2. (Please refer to the Stage 1 information for DRP details.) 3. On the 18th June 20x2 the company determined a final dividend for the financial year of 5.5 cents per ordinary share. This was declared on the 20th July 20x2. The following are a selection of ASX daily closing share prices for GHL Date Closing Share Price $ Date Closing Share Price $ 14/10/X1 $5.29 31/3/X2 $5.43 30/10/X1 $5.36 10/4/X2 $5.53 16/11/X1 $5.41 30/4/X2 $5.51 30/11/X1 $5.40 15/5/X2 $5.60 16/12/X1 $5.33 31/5/X2 $5.54 31/12/X1 $5.31 18/6/X2 $5.48 12/1/X2 $5.27 30/6/X2 $5.68 31/1/X2 $5.18 11/7/X2 $5.70 12/2/X2 $5.29 20/7/X2 $5.75 28/2/X2 $5.35 31/7/X2 $5.68 10/3/X2 $5.40 20/8/X2 $5.69 STAGE 1 25 marks Glacier Holdings Ltd (GHL) is a public company and was incorporated a number of years ago and has been very successful. The equity section of the balance sheet of the company at the 30th June 20x1 is provided below: OWNERS' EQUITY Issued Capital Reserves Retained profits TOTAL OWNERS' EQUITY 85,000,000 39,952,000 13,675,400 138,627,400 The company's financial year ends on 30th June. Additional Information: 1. Issued capital is comprised of: 12,000,000 ordinary shares all issued at $5.00 each $25,000,000 of 6%pa preference shares. Dividends on these shares are paid annually on the last day of August. A list of ordinary shareholders and their holdings as at 30th June 20X1 is provided on the next page. On the 15th June 20x1 the company determined a final dividend of 4.0 cents per ordinary share. This was declared on the 15th July 20X1 and paid the day after the annual general meeting which was held on the 14th September 20X1. The following are a selection of ASX closing daily share prices for GHL Date Closing Share Price $ Date Closing Share Price $ 30/4/X1 $5.00 31/7/X1 $5.28 15/5/X1 $5.08 15/8/X1 $5.22 31/5/X1 $5.26 31/8/X1 $5.18 15/6/X1 $5.28 14/9/X1 $5.38 30/6/X1 $5.23 30/9/X1 $5.30 15/7/X1 $5.20 14/10/X1 $5.29 2. An interim dividend of 5 cents per ordinary share was declared and paid on the 10th March 20X2. (Please refer to the Stage 1 information for DRP details.) 3. On the 18th June 20x2 the company determined a final dividend for the financial year of 5.5 cents per ordinary share. This was declared on the 20th July 20x2. The following are a selection of ASX daily closing share prices for GHL Date Closing Share Price $ Date Closing Share Price $ 14/10/X1 $5.29 31/3/X2 $5.43 30/10/X1 $5.36 10/4/X2 $5.53 16/11/X1 $5.41 30/4/X2 $5.51 30/11/X1 $5.40 15/5/X2 $5.60 16/12/X1 $5.33 31/5/X2 $5.54 31/12/X1 $5.31 18/6/X2 $5.48 12/1/X2 $5.27 30/6/X2 $5.68 31/1/X2 $5.18 11/7/X2 $5.70 12/2/X2 $5.29 20/7/X2 $5.75 28/2/X2 $5.35 31/7/X2 $5.68 10/3/X2 $5.40 20/8/X2 $5.69
