Uf changes in equity for the year ended 3 Question: För the December 2017, Daffodil Limited (DL) has extracted the following information: Prepare DL's statement of changes in equity for the year ended 31 December 2017 along with 2017 2016 2015 Draft Audited Audited Rs. in million - Net profit 650 318 214 Transfer to general reserves 112 141 Transfer of incremental depreciation 49 55 Final cash dividend 7.5% (i) Details of share issues: O 25% right shares were issued on 1 May 2016 at Rs. 18 per share. The market price per share immediately before the entitlement date was also Rs. 18 per share. O A bonus issue of 10% was made on 1 April 2017 as final dividend for 2016. O 50 million right shares were issued on 1 July 2017 at Rs. 15 per share. The market price per share immediately before the entitlement date was Rs. 25 per share. O A bonus issue of 15% was made on 1 September 2017 as interim dividend. O The asset which was revalued upward in previous vears has been sold on 15 October, 2017. (ii) Share capital and reserves as at 31 December: 2015 2014 - Rs. in million - Ordinary share capital (Rs. 10 each) 1,600 1,600 General reserves 1,850 1,709 Retained earnings 1,430 1,302 Revaluation surplus 75 Required: comparative figures.
Uf changes in equity for the year ended 3 Question: För the December 2017, Daffodil Limited (DL) has extracted the following information: Prepare DL's statement of changes in equity for the year ended 31 December 2017 along with 2017 2016 2015 Draft Audited Audited Rs. in million - Net profit 650 318 214 Transfer to general reserves 112 141 Transfer of incremental depreciation 49 55 Final cash dividend 7.5% (i) Details of share issues: O 25% right shares were issued on 1 May 2016 at Rs. 18 per share. The market price per share immediately before the entitlement date was also Rs. 18 per share. O A bonus issue of 10% was made on 1 April 2017 as final dividend for 2016. O 50 million right shares were issued on 1 July 2017 at Rs. 15 per share. The market price per share immediately before the entitlement date was Rs. 25 per share. O A bonus issue of 15% was made on 1 September 2017 as interim dividend. O The asset which was revalued upward in previous vears has been sold on 15 October, 2017. (ii) Share capital and reserves as at 31 December: 2015 2014 - Rs. in million - Ordinary share capital (Rs. 10 each) 1,600 1,600 General reserves 1,850 1,709 Retained earnings 1,430 1,302 Revaluation surplus 75 Required: comparative figures.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:December 2017, Daffodil Limited (DL) has extracted the following information:
Prepare DL's statement of changes in equity for the year ended 31 December 2017 along with
en: For the purpose of preparation of statement of changes in equity for the year ended 31
2017
2016
2015
Draft
Audited
Audited
Rs. in million
650
318
214
Net profit
Transfer to general reserves
112
141
Transfer of incremental depreciation
49
55
Final cash dividend
7.5%
(i) Details of share issues:
O 25% right shares were issued on 1 May 2016 at Rs. 18 per share. The market price per
share immediately before the entitlement date was also Rs. 18 per share.
O A bonus issue of 10% was made on 1 April 2017 as final dividend for 2016.
O 50 million right shares were issued on 1 July 2017 at Rs. 15 per share. The market price
per share immediately before the entitlement date was Rs. 25 per share.
O A bonus issue of 15% was made on 1 September 2017 as interim dividend.
O The asset which was revalued upward in previous years has been sold on 15 October, 2017.
(ii) Share capital and reserves as at 31 December:
2015
2014
- Rs. in million -
Ordinary share capital (Rs. 10 each)
1,600
1,600
General reserves
1,709
1,850
Retained earnings
1,430
1,302
Revaluation surplus
75
Required:
comparative figures.
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