Chapter 11, Problem 4IFRS

(a) (1)

To determine

Calculate the total equity at December 31, 2014.

(2)

To determine

Calculate the value of total revaluation reserve of Company LV as at December 31, 2014.

(3)

To determine

Calculate the number of treasury shares of Company LV as at December 31, 2014

(b) (1)

To determine

Provide the comparable label for share capital that would be used under GAAP.

(2)

To determine

Provide the comparable label for share premium that would be used under GAAP.

(3)

To determine

Provide the comparable label for net share, group share that would be used under GAAP.

(c)

To determine

State whether the company declare and pay any dividends for the year ended December 31, 2014.

(d)

To determine

Compute the company’s return on ordinary shareholders’ equity for Company LV for the year ended December 31, 2014.

(e)

To determine

Calculate the Company LV’s earnings per share for the year ended December 31, 2014.