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Chapter 11, Pg 8 , First Para

J

Jishnu Bhatia

Member
Hi folks,

Could someone please explain why the value of shareholder transfers in respect of future bonus declarations is shown in own funds?
 
Jishnu Bhatia said:
Hi folks,

Could someone please explain why the value of shareholder transfers in respect of future bonus declarations is shown in own funds?
Click to expand...
Hi

This is because the future shareholder transfers, as the name suggests, ultimately belongs to the shareholder but cannot be distributed yet as bonuses have yet to be declared. Therefore the capital is still tied up in the company and as such are within own funds.

Hope this helps
Thanks
Em
 
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