Prepare a statement of changes in equity

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Reference no: EM131340835

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.

Reference no: EM131340835

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