Calculation of weighted average number of shares [IAS 33.IE2]
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Shares issued Don't use plagiarized sources. Get Your Custom Essay on
prepare the necessary entry if any in e s financial statements as at dec 31 01 if re 613402
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Treasury Shares |
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1 January 2013 |
Balance at beginning of year |
2,000 |
300 |
1,700 |
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31-May-13 |
Issue of new shares for cash |
800 |
2,500 |
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1 December 2013 |
Purchase of treasury shares for cash |
250 |
2,250 |
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31 December 2013 |
Balance at year end |
2,800 |
550 |
2,250 |
Calculation of weighted average:
(1,700 x 5/12) + (2,500 x 6/12) + (2,250 x 1/12) = 2,146 shares or
(1,700 x 12/12) + (800 x 7/12) — (250 x 1/12) = 2,146 shares
Treasury shares are equity instruments reacquired and held by the issuing entity itself or by its subsidiaries.
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