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The note on reserves is provided below. Explain the nature of each of the reserves. Please explain in full and help understand everything as I
The note on reserves is provided below. Explain the nature of each of the reserves. Please explain in full and help understand everything as I don't know how to answer this question
Consolidated 2019 $000 2018 $000 26 874 26 494 Capital Balance at start of year Transfer from retained profits Balance at end of year 380 26 874 26 874 26 874 General Balance at start and end of year 13 337 13 337 Asset revaluation 31 188 31 704 Balance at start of year Increase (decrease) arising from revaluation of freehold land and buildings and investments Balance at end of year (516) 31 188 31 188 Consolidated 2019 $000 2018 $000 26 874 26 494 Capital Balance at start of year Transfer from retained profits Balance at end of year 380 26 874 26 874 26 874 General Balance at start and end of year 13 337 13 337 Asset revaluation 31 188 31 704 Balance at start of year Increase (decrease) arising from revaluation of freehold land and buildings and investments Balance at end of year (516) 31 188 31 188Step by Step Solution
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