Question
The shareholders' equity section of the statement of financial position of Riley Ltd at 30 June
2019 is as follows
Share capital
General reserve
Foreign currency translation reserve
Retained earnings
2019
$200000
50000
74000
170000
$494000
2018
$160 000
40000
60000
160000
$420 000
Additional information
Riley Ltd issued 16000 shares at $2.50 each on 31 May 2019 for cash
A transfer of $10000 was made from retained earnings to the general reserve.
Comprehensive income for the year was $144 000, including a foreign currency translation
gain of $14 000 recognised in other comprehensive income.
Dividends paid during 2019 comprised: final dividend for 2018, $50 000; interim dividend,
$60 000
Required:
Prepare the statement of changes in equity of Riley Ltd for the year ended 30 June 2019 in accordance
with AASB 101 IAS 1.
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Transcribed Image Text:The shareholders' equity section of the statement of financial position of Riley Ltd at 30 June 2019 is as follows Share capital General reserve Foreign currency translation reserve Retained earnings 2019 $200000 50000 74000 170000 $494000 2018 $160 000 40000 60000 160000 $420 000 Additional information Riley Ltd issued 16000 shares at $2.50 each on 31 May 2019 for cash A transfer of $10000 was made from retained earnings to the general reserve. Comprehensive income for the year was $144 000, including a foreign currency translation gain of $14 000 recognised in other comprehensive income. Dividends paid during 2019 comprised: final dividend for 2018, $50 000; interim dividend, $60 000 Required: Prepare the statement of changes in equity of Riley Ltd for the year ended 30 June 2019 in accordance with AASB 101 IAS 1.
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