GREIT08090 – Distributions: administration: attributions and reconciliation: summary of examples
The tables on this page and at GREIT08085 and GREIT08095 summarise the examples in GREIT08075 and GREIT08080.
Reconciliation for a.p.e. 31 December 2008
Following on from the reconciliation for the previous accounting period (see GREIT08085), the reconciliation for distributions paid in the next accounting period, ending 31 December 2008, would then look like the table below.
|
Category |
reserves b/f | adjust-ments to b/f | allocate 2007 profits | 31.12.07
final balance | Feb 2008 distribution | Sept 2008 distribution |
reserves c/f |
| (a) | - | 900 | 900 | (900) | (540) | (540) | |
| (b) | 100 | 200 | 300 | (250) | (60) | (10) | |
| (c) | - | 100 | 100 | 100 | |||
| (d) | - | - | - | ||||
| (e) | 100 | 100 | 100 | ||||
| totals | 200 | - | 1,200 | 1,400 | (1,150) | (600) | (350) |
The first column is the reserves brought forward from the
2007 reconciliation.
The second column shows any adjustments to the reserves
brought forward (none in this example).
The third column shows how the profits of 2007 are divided up
between Categories (a) to (c).
The fourth column shows the reserves at 31.12.07 with the
inclusion of the profits for the year.
The fifth column shows how the final distribution for profits
of 2007 is attributed entirely to Categories (a) and (b).
The sixth column shows how the interim distribution for
profits of 2008 is earmarked entirely to Categories (a) and (b).
The final column shows how the reserves stand at the year
end. As the profits for the year to 31 December 2008 have not been
struck, they do not feature in the reconciliation of distributions
paid in the year.
Attribution of 2007 final distribution
This is derived from the fourth column.
