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Dividends on non-voting ordinary shares

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Client has ordinary shares (A) plus additional classes of ordinary shares (B-E) which are non voting and I don’t believe have any rights if the company is wound up. These additional classes are for certain employees/ family members, none of whom are directors.

Dividends have been paid on these non-voting shares. My question is how to account for them? Are they treated as non-equity dividends and shown under the interest section of the P&L or are they treated the same as the main ordinary dividends paid and shown as a reduction in reserves?


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14th Dec 2018 22:06

The latter.

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