For the year, the profit attributable to the ordinary equity holders of the parent of Clairval SA, before preference dividends, is 4,200,000 (in euros). It includes a post-tax profit from discontinued operations of 700,000. The preference shares, cumulative and classified as equity, carry dividends for the year of 300,000, net of any tax effect. Preference dividends are deducted from the profit of continuing operations as well as from total profit (IAS 33, para. 12). Calculate the profit attributable to ordinary equity holders, first for total profit and then for continuing operations.
- Profit attributable to the parent before preference dividends
- 4,200,000
- Post-tax profit from discontinued operations
- 700,000
- Preference dividends for the year, after tax
- 300,000