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Absolute Corp Changes in Equity 2020

The document is the statement of changes in equity for Absolute Corporation for the period ended December 31, 2020. It shows the changes in contributed capital, retained earnings, treasury shares, and shareholders' equity over the period. Key events include the issuance of shares, reacquisition and reissuance of treasury shares, declaration of dividends, and reporting of net income for 2020. The statement of changes in equity reconciles the movements in these equity accounts to the total shareholders' equity reported as of December 31, 2020.

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28 views14 pages

Absolute Corp Changes in Equity 2020

The document is the statement of changes in equity for Absolute Corporation for the period ended December 31, 2020. It shows the changes in contributed capital, retained earnings, treasury shares, and shareholders' equity over the period. Key events include the issuance of shares, reacquisition and reissuance of treasury shares, declaration of dividends, and reporting of net income for 2020. The statement of changes in equity reconciles the movements in these equity accounts to the total shareholders' equity reported as of December 31, 2020.

Uploaded by

jp
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

Absolute Corp

Statement of Chan
For the period ended D

Date Particulars Contributed Capital


Preference Share Capital
Beginning Balance 50,000.00

Issuance of 3,000 ordinary


1-Mar shares at P30 per share

Issuance of 500 preference


30-Jun shares at P10 per share 5,000.00
Reacquisition of 500
1-Jul ordinary shares at 18

Reissuance of 200 treasury


30-Sep shares at 25 per shares
Declaration of Cash
24-Dec Dividend

31-Dec 2020 Net income after tax

Total Shareholders equity 55,000.00

Dr

Issuance of 3,000 ordinary


1-Mar shares at P30 per share Cash

Issuance of 500 preference


30-Jun shares at P10 per share Cash

Reacquisition of 500
1-Jul ordinary shares at 18 Treasury shares

Reissuance of 200 treasury


30-Sep shares at 25 per shares Cash
Declaration of Cash
24-Dec Dividend Retained earnings

31-Dec 2020 Net income after tax Income Summary


Absolute Corporation
Statement of Changes in Equity
For the period ended December 31, 2020

Contributed Capital Share Premium Retained Earnings Treasury Shares


Ordinary Share capital Preference Share Ordinary Share
200,000.00 25,000.00 75,000.00 100,000.00

30,000.00 60,000.00

- 9,000.00

1,400.00 3,600.00

- 100,000.00

525,000.00

230,000.00 25,000.00 136,400.00 525,000.00 - 5,400.00

CR Dr CR

90,000.00 (3000x30)
Share capital - Ordinary 30,000.00 (3000x10)
Share premium - Ordinary 60,000.00 (3000x20)

5,000.00 (500x10)
Share Capital - Preference 5,000.00 (500x10)

9,000.00 (500*18)
Cash 9,000.00

5,000.00 (200*25)
Treasury shares 3,600.00 (200*18)
Share premium - Ordinary 1,400.00 (200*7)

100,000.00
Dividends payable 100,000.00

525,000.00 (750000x.70)
Retained Earnings 525,000.00
Total

450,000.00

90,000.00

5,000.00

- 9,000.00

5,000.00

- 100,000.00

525,000.00

966,000.00
-
-
-
-
-
Preference Share capital 5,000,000.00
Ordinary Share capital 2,000,000.00
Subscribed Preference share capital 1,800,000.00
Subscription receivable - preference - 190,000.00 1,610,000.00
Subscribed Ordinary share capital 1,000,000.00
Subscription receivable - Ordinary - 180,000.00 820,000.00
Share premium - preference 300,000.00
Share premium - ordinary 220,000.00
Treasury shares - 680,000.00
Share premium - Preference Treasury shares 850,000.00
Retained Earnings 2,000,000.00
Total Shareholders equity 12,120,000.00
2 Compensation Expense 160,000.00
Share capital 5,000.00
Share premium 155,000.00

3 Cash 190,000.00
Treasury shares 120,000.00
Share premium - Treasury 70,000.00
(1000x160)
(1000x5)

(10000*12)
4

5
Share Capital 3,800,000.00
Share premium 1,425,000.00
Treasury Shares - 225,000.00
Contributed Capital 5,000,000.00
Retained earnings 3,280,000.00
Net Income 1,400,000.00 4,680,000.00
Shareholders equity 9,680,000.00

Preference share Capital 500,000.00


Divided by: Preference par value per share 50
Outstanding preference shares 10,000

Preference share capital 500,000.00


Share premium - Preference 145,000.00
Total Selling price 645,000.00
Divide by: Outstanding preference shares 10,000.00
Average selling price - preference share 64.5
Ordinary share Capital 600,000.00
Divided by: Ordinary par value per share 20.00
Outstanding ordinary shares 30,000.00

Ordinary share Capital 600,000.00


Share premium - Ordinary 255,000.00
Total Selling price 855,000.00
Divide by: Outstanding Ordinary shares 30,000.00
Average selling price - Ordinary share 28.50

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