The issued share capital of Alpha, a limited liability company, is as follows: K

Authorised shares Called-up capital.

Issued capital Paid-up capital. Par Value

Ordinary shares of 10n each

1,000,000

1

8% Redeemable preference shares of 50n each 500,000

In the year ended 31 October 2002, the company has paid the preference dividend for the year and an interim dividend of 2n per share on the ordinary shares. A final ordinary dividend of 3n per share was proposed, before the reporting date.

Calculate the recognised dividends in the equity section of the statement of financial position at 31 October 2002.