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The equity of Net Facile, an Italian internet provider, as at 30 September 2005 and 2004 is as follows (amounts in millions of euro):

 

2005

2004

Shareholders' equity

 

 

Issued capital

1,000

800

Share premium reserve

10,000

5,000

Retained earnings

50

200

Total shareholder's equity

11,050

6,000

The net profit for the year ended 30 September 2005 was EUR 150 million. During the same year, Net Facile issued 4,000,000 new shares at a par value of EUR 50 each. The total amount received was EUR 5,200 million.

Prepare a statement of changes in equity for year ended 30 September 2005.

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92094415

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