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Daffodil Limited's statement of changes in equity shows: 1) Retained earnings increased from Rs. 1,375.31 million as of January 1, 2016 to Rs. 1,579.23 million as of December 31, 2017 due to profits of Rs. 660.25 million, offset by dividends of Rs. 725 million. 2) Share capital increased from Rs. 1,600 million to Rs. 3,105 million through right share issues that raised additional paid-in capital. 3) General reserves increased by Rs. 112 million through a transfer from retained earnings.

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18 views

SOCIE Format (CAF Level)

Daffodil Limited's statement of changes in equity shows: 1) Retained earnings increased from Rs. 1,375.31 million as of January 1, 2016 to Rs. 1,579.23 million as of December 31, 2017 due to profits of Rs. 660.25 million, offset by dividends of Rs. 725 million. 2) Share capital increased from Rs. 1,600 million to Rs. 3,105 million through right share issues that raised additional paid-in capital. 3) General reserves increased by Rs. 112 million through a transfer from retained earnings.

Uploaded by

kashan.ahmed1985
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Daffodil Limited

Statement of changes in equity


for the year ending December 31, 2017
Share Revaluation Share General Retained
Total
capital surplus premium reserves earnings
----------------------------------- Rs. in million -------------------------------
Bal. as at 01-01-16 1,600.00 70.00 - 1,850.00 1,430.00 4,950.00
Adj. for prior year error (W-1) - - - - (54.69) (54.69)
Bal. as at 01-01-16 - restated 1,600.00 70.00 - 1,850.00 1,375.31 4,895.31
Final cash div 2015 [1,600 x 7.5%] - - - - (120.00) (120.00)
Right shares [1,600 x 25%] [400 x 0.8] 400.00 - 320.00 - - 720.00
Profit after tax (W-2) - restated - - - - 331.67 331.67
Other comprehensive income - 30.00 30.00
Incremental depreciation - (49.00) - - 49.00 -
Bal. as at 31-12-16 - restated 2,000.00 51.00 320.00 1,850.00 1,635.98 5,856.98
Final bonus div 2016 [2,000 x 10%] 200.00 - - - (200.00) -
Right shares [50 x 10] [50 x 5] 500.00 - 250.00 - - 750.00
Interim bonus div 2017 [2,700 x 15%] 405.00 - - - (405.00) -
Profit after tax (W-2) - - - - 660.25 660.25
Other comprehensive income - (51.00) (51.00)
Transfer to general reserves - - - 112.00 (112.00) -
Incremental depreciation - - - - - -
Bal. as at 31-12-17 3,105.00 - 570.00 1,962.00 1,579.23 7,216.23

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