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    Lesson 5c Pro-Forma Statement of Equity

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    BEN CLADO
    The statement of equity shows the changes in shareholders' equity accounts from the beginning to the end of the period. It includes items such as share capital, share premium, paid in capital from donated shares, retained earnings, and treasury shares. For FUP Corporation for the period ended December 31, 2020, total shareholders' equity decreased from PHP3.6 million to PHP4.5 million due to issuance of new shares, net income, dividends paid, retirement of shares, and acquisition of treasury shares.

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    Lesson 5c Pro-Forma Statement of Equity

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    BEN CLADO
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    The statement of equity shows the changes in shareholders' equity accounts from the beginning to the end of the period. It includes items such as share capital, share premium, paid in capital from donated shares, retained earnings, and treasury shares. For FUP Corporation for the period ended December 31, 2020, total shareholders' equity decreased from PHP3.6 million to PHP4.5 million due to issuance of new shares, net income, dividends paid, retirement of shares, and acquisition of treasury shares.

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    Lesson 5c Pro-Forma Statement of Equity

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    The statement of equity shows the changes in shareholders' equity accounts from the beginning to the end of the period. It includes items such as share capital, share premium, paid in capital from donated shares, retained earnings, and treasury shares. For FUP Corporation for the period ended December 31, 2020, total shareholders' equity decreased from PHP3.6 million to PHP4.5 million due to issuance of new shares, net income, dividends paid, retirement of shares, and acquisition of treasury shares.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    18 views3 pages

    Lesson 5c Pro-Forma Statement of Equity

    Uploaded by

    BEN CLADO
    The statement of equity shows the changes in shareholders' equity accounts from the beginning to the end of the period. It includes items such as share capital, share premium, paid in capital from donated shares, retained earnings, and treasury shares. For FUP Corporation for the period ended December 31, 2020, total shareholders' equity decreased from PHP3.6 million to PHP4.5 million due to issuance of new shares, net income, dividends paid, retirement of shares, and acquisition of treasury shares.

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    THE STATEMENT OF EQUITY

    (LESSON 5C)

    Also called the:


    Statement of Changes in Equity
    Statement of Changes in Shareholders’ Equity
    ➢ The financial statement that shows the changes in the shareholder’s equity accounts
    (from balance at the beginning of the period to the balance at the end of the period)
    • Share capital Paid in capital in excess of stated value
    • Subscribed share capital Paid in capital from donated shares
    • Share premium Paid in capital from treasury shares
    • Additional paid in capital Paid in capital from retirement of shares
    • Retained earnings
    • Cumulative balance of other comprehensive income
    • Treasury shares
    FUP CORPORATION
    STATEMENT OF EQUITY
    FOR THE PERIOD ENDED DECEMBER 31, 2020
    Share capital, January 1, 2020 P1,000,000
    Issuance of share capital for the year 500,000
    Retirement of share capital for the year ( 300,000)
    Share capital, December 31, 2020 P1,200,000
    Share premium, January 1, 2020 500,000
    Issuance of share capital for the year 300,000
    Retirement of share capital for the year ( 100,000)
    Share premium, December 31, 2020 700,000
    Paid in capital from donated shares 100,000
    Total contributed capital (total paid in capital) 2,000,000

    Retained earnings, January 1, 2020 2,000,000


    Net income for the year 1,500,000
    Dividends ( 800,000)
    Appropriation for treasury shares ( 200,000)
    Retained earnings, December 31, 2020 2,500,000
    Retained earnings appropriated for treasury shares 200,000
    Total retained earnings 2,700,000
    Total contributed capital and retained earnings 4,700,000
    Treasury shares ( 200,000)
    TOTAL SHAREHOLDERS’ EQUITY P4,500,000
    FUP CORPORATION
    STATEMENT OF EQUITY
    FOR THE PERIOD ENDED DECEMBER 31, 2020
    (IN PHILIPPINE PESO)

    Paid in
    Capital Total Appropriated Total Total
    Share Share Retained Treasury TOTAL
    Particulars Premium
    from Contributed for Treasury Retained CC & Shares
    Capital Treasury Capital Earnings Shares SHE
    Earnings RE
    Shares

    Balance, January 1 1,000,000 500,000 100,000 1,600,000 2,000,000 0 2,000,000 3,600,000 0 3,600,000

    Issuance for the year 500,000 300,000 800,000 800,000 800,000

    Net income for the year 1,500,000 1,500,000 1,500,000 1,500,000

    Acquisition of treasury
    (200,000) (200,000)
    shares
    Retirement of shares (300,000) (100,000) (400,000) (400,000) (400,000)

    Appropriation (200,000) 200,000 0 0 0

    Dividends (800,000) (800,000) (800,000) (800,000)

    Balance, December 31 1,200,000 700,000 100,000 2,000,000 2,500,000 200,000 2,700,000 4,700,000 (200,000) 4,500,000

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