ACCA F3知识点：Bonus and rights issue

ACCA F3知识点：Bonus and rights issue

今天给大家来分享一下ACCA F3中关于Bonus and rights issue。Bonus issue, 即红利股发行；rights issue，即权利股发行。

Bonus issue（红利股）:

Sometimes extra shares may be issued-to existing shareholders without them having to pay anything, such an issue is called a bonus issue. The new shares are issued to the existing shareholders in proportion to their current shareholdings, e.g. 1 for every 50 shares held, because no cash is involved, the double entry will be:

Dr Reserves

Cr ordinary share capital

A bonus issue does not raise finance for a company, as the shares are issued for no consideration.(i.e. for free). Each share becomes worth less ( as there are more shares in issue but the value of the company as a whole remains the same), and so more marketable. Share capital increases (at the expense of other reserves) and so may seem more appropriate when compared to net assets.

Rights issue（权利股）:

On other occasions, existing shareholders are given the right (not an obligation) to buy shares in the company at a discount price. The right to purchase what number of shares depends again on their current shareholdings. Such an issue is called a rights issue. A rights issue differs from a bonus issue in that cash actually from the shareholders to the company.