Page 22 - CIMA MCS Workbook February 2019 - Day 1 Suggested Solutions

CIMA FEBRUARY 2019 – MANAGEMENT CASE STUDY

Gearing (D / (D+E)) N/A N/A

Interest cover N/A N/A

Dividend cover – 33,196 / 20,739 1.6 times
parent shareholders

Dividend cover – NCI N/A
shareholders

Dividend as % of profit 20,739 / 33,196 0.62%
– parent shareholders

Dividend as % of profit N/A
– NCI shareholders

Consolidated SOCIE (to calculate if dividends paid)
Parent NCI
shareholders shareholders
V$000 V$000
Retained earnings b/f 12,721
Profit after tax for year 33,196
Dividends (balancing figure) (20,739)
Retained earnings c/f 25,178

Note: there is no split between issued share capital and share premium provided for Crowncare.

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