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You are provided balances as extracted from the books of Malindi Ltd. on 31 Dec. 2012: Sh. 000 Ordinary share capital (Sh. 5 per value)
You are provided balances as extracted from the books of Malindi Ltd. on 31 Dec. 2012:
|
| Sh. 000 |
| Ordinary share capital (Sh. 5 per value) | 800 |
| P & L Reserve | 64 |
| Revaluation Reserve | 100 |
| Share premium | 150 |
The information below relates to the year to 31 Dec. 2013:
- A bonus issue of shares was made on 1 Feb. 2013 at 1 share for every 8 issued shares out of the share premium account.
- During the audit of the financial statement it was realized that the closing stock for the year ended 31 Dec. 2011 had been overvalued by Sh. 36,000.
- An interim dividend of 20 cents per share was paid for all the outstanding shares on 1 July 2013 (including the shares relating to the bonus issue).
- Malindi Ltd. made profit after tax amounting to Sh. 24,800 for the year ended 31 Dec. 2013.
Required:
Prepare a statement of changes in equity for the year ended 31 Dec. 2013.
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