Required: 1. Are there any preferred shares outstanding? If so, how many? 2. Com

Question

Required:

1. Are there any preferred shares outstanding? If so, how many?

2. Compare the information included in the tables in Note 23 with a statement of changes in equity. How are the two tables similar? How are they different?

KUBIT 12-20A EXCERPT FROM RONA INC. 2013 ANNUAL REPORT CONSOLIDATED FINANCIAL STATEMENTS December 29, 2013 and December 30, 2012 (In thousands of dollars) Equity Share capital (Note 23) Retained earnings Contributed surplus Accumulated other comprehensive income Total equity attributable to owners of RONA inc. 2013 2012 765,203 879,415 12,972 (2.158) 1,655,432 $ 765,443 1,071,426 12,521 3,643) 1,845,747

Explanation / Answer

1. As per preference shares are concern they are total of 6.9million shares outstanding amounting to $ 172,500

2. As per the equity changes the similarities are

a. Issuance of share capital in exchange of cash both have $409

b. Issuance of share capital under stock option plans both have $ 3847

c. Repurchase of common shares for cancellation both have $ (5764)

Difference

a. Opening balance as on december 30,2012 common stock has 121,408,037 outstanding shares amounting to $590,783 where as shares equity has 128,308,037 outstanding shares amounting to $765,443

b. Difference between common stock and equity in issuance in exchange of common shares subscription deposits is $ 2118

c. deposits on common shares subscription subscription received and refunded amunted to $1595 and $(127) respectively in equity but not found in common shares

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