Page 199 - Microsoft Word - 00 Prelims.docx

Capital and financing

Terminology

Share Capital £100,000
(100,000 £1 shares)

£50,000 issued £50,000 unissued

(50,000 £1 shares) (50,000 £1 shares)

50% paid up 25% called 25% uncalled
50,000 £1 shares but not yet paid – a further no call yet been
– 50p paid for each 25p required on each £1 made by the
share so that 75p for each company for the
share will be paid up when other 25p per share
the company has received

the money

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