Capital contribution reserve or share premium

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When a company issues additional shares to its shareholders at a higher amount than the nominal value seeking finance, will the amount of the difference between issue price and nominal value (share premium) appear in the balance sheet under the category share premium  on shares issued or under capital contribution reserve-movement in the year and accompanied by a note in the accounts. Thank you

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By johngroganjga
25th Sep 2018 14:48

Believe it or not, as it’s share premium it will appear in the balance sheet under share premium.

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