Diamonds Ltd has issued share capital of 2,000,000 ordinary shares as at 31 December 20x6. Profit for the year attributable to ordinary shareholders amounted to $6.5 million. In 20x2, a total of 500,000 were repurchased from the market under the company’s share repurchase mandate and held in treasury. In 20x6, the company bought back another two tranches of shares from the market. 50,000 and 60,000 shares were repurchased on 31 March 20x6 and 30 September 20x6 respectively. Similarly, these shares are not cancelled and are held in treasury. The following table shows the movement in the share capital account.

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1 January 20x6 Balance as at beginning.. Number of shares 2,000,000