Fully-paid or Partly-paid

Fully-paid or Partly-paid

Fully-paid or partly-paid

A fully-paid share is one for which the hill nominal (original) price has been paid, e.g., the whole amount of £1 has been paid for a £1 par value share. Almost all shares quoted on the Stock Exchange are nowadays fully-paid.

A partly-paid share is one where only part of the amount payable has so far been paid, and the pan unpaid may be called up by the company at any future date, e.g., a £1 partly-paid share may have lOUs unpaid, which may be called up later. When calculating dividend yields on partly-paid shares, the amount of dividend should be related to the amount paid-up on the share and not its whole nominal nine.

A company may utilise the balance of its authorised capital as yet unissued by making a 'scrip' (free) or 'rights' issue, when-ever it is appropriate to do so.

The next webpage will proceed to discuss the next part, in order, of the balance sheet, namely reserves, both capital and revenue.

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