Page 23 - CIMA May 18 - MCS Day 1 Suggested Solution

SUGGESTED SOLUTIONS

1,614.6)

Interest cover 1,476.2 / 22.8 64.7 times 1,285.4 / 36.5 35.2 times

Dividend cover – 1,133.7 / 618.5 1.8 times
parent shareholders

Dividend cover – NCI N/A
shareholders

Dividend as % of profit 618.5 / 1,133.7 54.5%
– parent shareholders

Dividend as % of profit N/A
– NCI shareholders

Consolidated SOCIE (to calculate if dividends paid)
Parent NCI
shareholders shareholders
C$m C$m
Retained earnings b/f 427.6
Profit after tax for year 1,133.7
Dividends (balancing figure) (618.5)
Retained earnings c/f 942.8

Note: there is no split between issued share capital and share premium provided for Menta. In
addition, there appears to have been an issue of shares during 2017.

KAPLAN PUBLISHING 67