GREIT08095 – Distributions: administration: attributions and reconciliation: summary of examples
The tables on this page and at GREIT08085 and GREIT08090 summarise the examples in GREIT08075 and GREIT08080.
Reconciliation for a.p.e. 31 December 2009
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 2009, would then look like the table below.
|
Category | reserves b/f | adjust-ments to b/f | allocate 2008 profits | 31.12.08 final balance | March
2009 distribution | Sept 2009 distribution | reserves c/f |
| (a) | (540) | 1,170 | 630 | (630) | (675) | (675) | |
| (b) | (10) | 200 | 190 | (50) | (75) | 65 | |
| (c) | 100 | 130 | 230 | - | 230 | ||
| (d) | - | - | - | ||||
| (e) | 100 | 100 | 100 | ||||
| totals | (350) | - | 1,500 | 1150 | (680) | (750) | (280) |
The first column is the reserves brought forward from the
first table of the 2008 reconciliation.
The second column shows any adjustments to the reserves
brought forward (none in the example)
The third column shows how the full year profits of 2008 are
divided up between Categories (a) to (c).
The fourth column works out the reserves in each category
after the 2008 profits are included. This will reconcile to the
submitted tax returns for the REIT for the year ended 31 December
2008. C demonstrates that it has met the 90% dividend requirement
for 2007 as the balance carried forward in category (a) is less
than the dividend obligation for 2008.
The fifth column shows how the final distribution for profits
of 2008 is attributed between Categories (a), and (b).
The sixth column shows how the interim distribution for
profits of 2009 is earmarked.
The final column shows how the reserves stand in the year end
reconciliation. As the profits for the year to 31 December 2009
have not been struck, they do not feature in the reconciliation of
distributions paid in the year.
