GABSA Pty Ltd issued 6 000 000 units of ordinary shares at R4 per share on 30 June 2020 and the annual financial year ended on 31 July every year. The retained eamings on 31 July 2022 amounted to R24 000 000. On 30 December 2018, a resolution was passed by the company director in the board meeting declaring a capitalisation issue of two-thirds to the existing shareholder while the shares were trading at R4.20. The closing balance of retained earnings in the statement of changes in equity of GABSA Pty Ltd for the reporting period ended 31 July 2023 is 4 8 000 000 OB 24 000 000 OC. 7 200 000 OD 16 000 000