Question

MultiSoft plc was incorporated in 2005. Its memorandum states that it has an authorized share capital of

2 million. Since then, it has allotted and issued 1.2 million shares, all with a nominal value of 1.50. The

terms of all allotments to date have provided that shares can be partly paid for with a minimum of 90

pence payable at allotment and the remainder due when called for. Of the 1.2 million shares, 500,000

have 90 pence paid up, 400,000 have 1.20 paid up, and the remainder are fully paid up. The company

calls for 10 pence per share on all unpaid shares, but not all the members pay the called-for amount.

Based on the information provided, calculate Multisoft's:

1. issued share capital
2. unissued share capital
3. paid-up capital
4. called-up capital
5. uncalled capital.