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Statement of Changes in Equity - Example

The statement of changes in equity shows the changes in equity accounts over the period. It begins with an opening balance which is restated from the prior year. It then shows a profit of R4,000,000 for the owners and R1,000,000 for NCI. Other comprehensive income contributed R438,000 to equity attributable to owners and R116,000 to NCI. Transactions with owners included the sale of a 10% equity stake for R1,800,000 and dividends of R1,814,000 paid to NCI. The statement closes with the ending balance.

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32 views

Statement of Changes in Equity - Example

The statement of changes in equity shows the changes in equity accounts over the period. It begins with an opening balance which is restated from the prior year. It then shows a profit of R4,000,000 for the owners and R1,000,000 for NCI. Other comprehensive income contributed R438,000 to equity attributable to owners and R116,000 to NCI. Transactions with owners included the sale of a 10% equity stake for R1,800,000 and dividends of R1,814,000 paid to NCI. The statement closes with the ending balance.

Uploaded by

Tami Chitanda
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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FINANCIAL REPORTING | ADVANCED

Statement of changes in equity

UCT College of Accounting


Statement of changes in Equity
Equity attributable to owners of the parent NCI Total

R’000 S Cap RI FCTR Reval Cash flow Group Treasury Total


surplus hedge equity adj shares (18)

Balance at beginning of 1 000 3 000 600 80 - 4 680 1 320 6 000


year as previously
reported

Restatement (200) (10) (210) (30) (240)

Balance at beginning of 1 000 2 800 600 70 - - - 4 570 1 290 5 760


the year as restated

Profit or loss 4 000 4 000 1 000 5 000

Other compreh (14) 408 72 (28) 438 116 554


income

Total comprehensive 4 438 1 116 5 554


income

Transaction with owners


in capacity as owners

Tel: +27 21 447 7565 | Fax: +27 21 447 8344


Website: www.getsmarter.co.za | Email: [email protected]
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 Acquisition of NAV or Fair
subsidiary value

 Equity transaction – 14 14 1 800 1 814


sale of 10%
 Dividends (parent (NCI div)
div)

 Purchase of shares

Release revaluation 4.32 (4.32)


reserve

Balance at end of year

Tel: +27 21 447 7565 | Fax: +27 21 447 8344


Website: www.getsmarter.co.za | Email: [email protected]
Page 3 of 3

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