Manet plc had the following share capital and reserves as at 1 June 2020: During the year

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Manet plc had the following share capital and reserves as at 1 June 2020:

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During the year to 31 May 2021, the company revalued property, plant and equipment upwards by £30 million and made a loss on foreign exchange translation of foreign operations of £5 million (and which is treated as other comprehensive income.). The company made a profit for the year from normal operations of £160 million and the dividend for the year to 31 May 2021 was £80 million.
Required:
Prepare a statement of changes in equity for the year ended 31 May 2021 in accordance with the requirements of IAS 1 Presentation of Financial Statements.

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Related Book For  answer-question

Financial Accounting For Decision Makers

ISBN: 9781292409184

10th Edition

Authors: Peter Atrill, Eddie McLaney

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