Book Value Per Share

• the amount that would be paid on each share assuming the entity is liquidated and the amount
available to shareholders is exactly the amount reported as shareholders' equity.

For purpose of apportionment between preference and ordinary share, the following procedure
should be observed:

1.) An amount equal to the par or stated value is allocated to the preference share and ordinary share.

2.) Any balance of the shareholders' equity in excess of the par or stated value is then apportioned
taking into account the liquidation value and dividend rights of the preference shareholders.

*Retained earnings, share premium, and revaluation surplus are assumed to be available for dividends
for book value purposes.