Neco 2023 Financial Accounting Question 4

At 1 Jan 2023 Company X had the following equity balances (all in \u20a6):\n\nShare capital - ordinary 800,000\nShare premium 120,000\nRetained earnings 250,000\nRevaluation surplus 100,000\nNon‑controlling interest 40,000\n\nDuring 2023 the following events occurred:\n1. Issued 5,000 ordinary shares with a nominal value of \u20a610 each at \u20a625 per share.\n2. Repurchased 2,000 of its own ordinary shares at \u20a630 per share (held as treasury shares).\n3. Profit after tax for the year was \u20a6200,000.\n4. Declared and paid interim dividends of \u20a630,000 and final dividends of \u20a620,000 (cash).\n5. Transferred \u20a615,000 from retained earnings to a newly created "Reserves for contingencies".\n6. Recognised a foreign‑currency translation gain of \u20a612,000 (included in other comprehensive income).\n\nPrepare a statement of changes in equity for 2023 showing the closing balance of each component of equity (including treasury shares as a negative component) and compute the total equity at year‑end.