Page 77 - Topic 1 - 1.3. Business Combinations
P. 77
CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS
Calculations
Comment
• Preference dividend
• The preference dividend paid of R7 200 up to 30 June
20.12 relates to a dividend for the year ended 31
December 20.11 amounting to R4 800 (R40 000 x 12%).
This amount has to be accrued for at acquisition, since
the preference shares are cumulative.
• The remaining R2 400 (R7 200 – R4 800 or R40 000 x
12% x 6/12) relates to the six month period ended 30
June 20.12.
• An amount of R2 400 must thus still be accrued for the
last six months, refer to [C3].
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