How is the 'Statement of Capital' calculated on the Forms?

Article ID

ias-9067

Article Name

How is the 'Statement of Capital' calculated on the Forms?

Created Date

17th August 2010

Product

IRIS Company Secretarial

Problem

The purpose of the 'Statement of Capital' is to provide full details of the company's issued share capital as at the date of the statement. The required information is: -the total number of shares of the company, -the aggregate nominal value of those shares, for each class of shares, -the amount paid up and the amount (if any) unpaid on each share (whether on account of the nominal value of the share or by way of premium) -the prescribed particulars of the rights

Resolution

The Statement of capital consists of: – Share Issue – Bonus Issue – Scrip Issue Details of the Share capital in pounds sterling can be found in Edit | Share Register | Events screen. IRIS calculates this information from the data entered within the Share Register. IRIS calculates the average i.e. total value of shares divided by total number of shares NOTE: Any premiums entered within the share register will also be reflected within the total . For further information, please contact IRIS support.