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  • Statement of Changes in Equity - Example

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    Tami Chitanda
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    The statement of changes in equity shows the changes in equity accounts over the period. It begins with an opening balance which is restated from the prior year. It then shows a profit of R4,000,000 for the owners and R1,000,000 for NCI. Other comprehensive income contributed R438,000 to equity attributable to owners and R116,000 to NCI. Transactions with owners included the sale of a 10% equity stake for R1,800,000 and dividends of R1,814,000 paid to NCI. The statement closes with the ending balance.

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    Statement of Changes in Equity _ Example

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    The statement of changes in equity shows the changes in equity accounts over the period. It begins with an opening balance which is restated from the prior year. It then shows a profit of R4,000,000 for the owners and R1,000,000 for NCI. Other comprehensive income contributed R438,000 to equity attributable to owners and R116,000 to NCI. Transactions with owners included the sale of a 10% equity stake for R1,800,000 and dividends of R1,814,000 paid to NCI. The statement closes with the ending balance.

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    9 views3 pages

    Statement of Changes in Equity - Example

    Uploaded by

    Tami Chitanda
    The statement of changes in equity shows the changes in equity accounts over the period. It begins with an opening balance which is restated from the prior year. It then shows a profit of R4,000,000 for the owners and R1,000,000 for NCI. Other comprehensive income contributed R438,000 to equity attributable to owners and R116,000 to NCI. Transactions with owners included the sale of a 10% equity stake for R1,800,000 and dividends of R1,814,000 paid to NCI. The statement closes with the ending balance.

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    of 3

    FINANCIAL REPORTING | ADVANCED

    Statement of changes in equity

    UCT College of Accounting


    Statement of changes in Equity
    Equity attributable to owners of the parent NCI Total

    R’000 S Cap RI FCTR Reval Cash flow Group Treasury Total


    surplus hedge equity adj shares (18)

    Balance at beginning of 1 000 3 000 600 80 - 4 680 1 320 6 000


    year as previously
    reported

    Restatement (200) (10) (210) (30) (240)

    Balance at beginning of 1 000 2 800 600 70 - - - 4 570 1 290 5 760


    the year as restated

    Profit or loss 4 000 4 000 1 000 5 000

    Other compreh (14) 408 72 (28) 438 116 554


    income

    Total comprehensive 4 438 1 116 5 554


    income

    Transaction with owners


    in capacity as owners

    Tel: +27 21 447 7565 | Fax: +27 21 447 8344


    Website: www.getsmarter.co.za | Email: info@getsmarter.co.za
    Page 2 of 3
     Acquisition of NAV or Fair
    subsidiary value

     Equity transaction – 14 14 1 800 1 814


    sale of 10%
     Dividends (parent (NCI div)
    div)

     Purchase of shares

    Release revaluation 4.32 (4.32)


    reserve

    Balance at end of year

    Tel: +27 21 447 7565 | Fax: +27 21 447 8344


    Website: www.getsmarter.co.za | Email: info@getsmarter.co.za
    Page 3 of 3

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