Question: Required i need to prepare a statement of changes in equity of Shelley plc (a) The following table shows the figures for equity from the

Required i need to prepare a statement of changes in equity of Shelley plc

(a) The following table shows the figures for equity from the Statement of Financial Position (Balance Sheet) of the Pembroke Group ple as at 31" December 2010. Ordinary Share Premium Retained Total Shares of Earnings fleach EOOO EOOO EOOO EOOO 300 60 128 488 The directors are proposing the following transactions: (1) 1" January 2011 - a 1-for-5 rights issue of ordinary shares at a price of $1.80. (2) 31" December 2011 - a bonus of 200,000 El ordinary shares which utilises the minimum amount of retained earnings. The directors estimate that the profits for the year ended 31" December 2011 will represent Earnings per Share of 5p on the shares in issue during the year. A dividend will be paid which will result in dividend cover of 3 times

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