The equity of Sooper Staar Limited as per the last two balance sheets are given as follows: 

Based upon the above information identify the reasons for changes in the share capital and reserves and surplus of the company during the year 2016–17.

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Particulars Share capital 120 million shares (previous year 50 million share of 1 each) Reserves and surplus General reserves As per last balance sheet Addition during the year Used for the issue of bonus shares Securities premium account Addition during the year Balance in profit & loss account Total equity 31st March 2017 31st March 2016 90 32 -50 (in Million) 80 120 72 80 96 248 368 67 23 0 50 90 0 65 155 205