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THE STATEMENT OF CHANGES IN EQUITY This is a very important report because it explains the movements in the shareholder funds during the year and also acts as a link between the income statement and the balance sheet.The report also shows the total gains or losses made by the company during the year. Some of these gains or losses may not be included in the income statement e.g. gains or losses on revaluation or PPE and investments (long -term)The format of the statement of changes in equity is given as follows:
Preference share capital
Ordinary share capital
Share premium
Revaluation reserve
General reserve
Retained profits
TOTAL
£
i) Balance at 1.1
x
ii) Changes in a/c policy/correction of error
-
(x)
iii) Balance as restated (i +ii)
iv) Gain/losses on revaluation PPE
v) Transfer to retained profits on sale of PPE
vi) Gain losses on investment revaluation
vii) Foreign currency exchange gain/losses
viii) Net gains/losses directly reported in equity (iv + v +vi + vii)
ix) Profit for the period
x) Total gains/losses recognized during the year (viii + ix)
xi) Issue of shares
xii) Transfer to general reserve
xiii) Dividends: interim paid
xiv) Final proposed (If prop before year end)
xv) Balance as at 31.12 ( x + xi + xii + xiii)
Real Estate Mortgage Investment Conduit (REMIC) - An entity which holds a fixed pool of mortgages and issues multiple classes of interest in itself to investors. A qualified REMIC
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#question.how a contra might arise.
REA diagram for (1) PEGASUS PAPER PRODUCTS and (2)PIECES BOUTIQUE
a) A Treasury bond that matures in 10 years has a yield of 6%. A 10-year corporate bond has a yield of 8%. Suppose that the liquidity premium on the corporate bond is 0.4%. What is
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