The equity section of Cullumber Group showed the following: share premium 6,110, share capitalordinary 930, share capitalpreference 58, retained earnings 7,510, and treasury shares 2,864. (All amounts are in millions.)

The preference shares have 577,790 shares authorized, with a par value of 100 and an annual 3.5 per share cumulative dividend preference. At December 31, 577,725 preference shares are issued and 547,005 shares are outstanding. There are 1.8 billion shares of 1 par value ordinary shares authorized, of which 930.1 million are issued and 847.6 million are outstanding at December 31.

a) Prepare the equity section, including disclosure of all relevant data.

b) Compute the book value per share of ordinary shares, assuming there are no preferred dividends in arrears.