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Statement of changes in Equity:
6. Equity share Capital
Balance at the Changes in Equity Balance at the end of
beginning of the share capital during the reporting period
reporting period the year

800 0 800

7. Other Equity.
Share Equity Reserves & Surplus Total
applicat compon Capital Retained Securities
ion ent reserve Earnings Premium
money
Balance at the beginning 2,130 2,130
Total comprehensive income 0
for the year
Dividends 0
Total comprehensive income 0
attributable to parent
Loss on disposal of Trust (152) (152)
Infocomm Ltd.
Balance at the end of 0 1,978 1,978
reporting period

Working Notes:

1. When 90% being sold, the carrying amount of all assets and liabilities attributable to Trust Infocomm
Ltd. were eliminated from the consolidated statement of financial position and further financial assets are
recognized for the remaining 10%.
2. Fair value of remaining investment (in ―000):

Net Assets of Trust Ltd. 1,280
Less: 90% disposal (1152)
Financial Asset 128
3. Cash on hand (in ―000):
Cash before disposal of Trust Infocomm Ltd. 1,550
Less: Trust Infocomm Ltd. Cash (500)
Add: Cash realized from disposal 1,000
Cash on Hand 2,050
4. Gain/ Loss on disposal of entity (in ―000):
Proceeds from disposal 1,000
Less: Proportionate (90%) Net assets of Trust Infocomm (1,152)
Ltd. (90% of 1,280)
Loss on disposal (152)
5. Retained Earnings (in ―000):

Retained Earnings before disposal 2,130
Less: Loss on disposal (152)
Retained earnings after disposal 1,978
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