Medibank Share Offer Application and Refund 2014

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Note

BGL do not provide accounting or taxation advice. The following is designed to act as a guide for Simple Fund 360 users. It is not designed to be accounting or tax advice and should not be taken as a strict guideline. Other methods that are more suitable may be used instead of these steps.

 

Details


Medibank Private Limited (Medibank) was listed on the ASX on Tuesday 25th November 2015 under MPL.

The Initial Public Offering began in October 2014 and several types of offers were open for application. Shares were then allocated based on which type of offer the applicant applied for.

For more information, refer to the following documents:

 

Example


The fund applied for 10,000 shares and paid $20,000 with the application on 18/11/2014.

The fund was allocated 4,550 shares on 01/12/2014 and a refund of $10,900 on 04/12/2014.

The dates and numbers used are for illustration purposes only. For the exact dates and amounts, refer to the statements issued by Medibank.

 

Application Payment 


The fund paid $20,000 with the application on 18/11/2014.

Share Application Payment

Date Journals Amount
18/11/2014 DR Debtors or Suspense

CR Bank

$20,000
  1. Go to Accounting | Transaction List and select New Transaction. From the drop-down list, select Bank Statement.
  2. Input the transaction details and select Post.

 

 

Shares Transferred to the Fund


The fund was allocated 4,550 shares for $9,100 on 01/12/2014.

Date Journals Units Amount
01/12/2014 DR 77600/MPL

CR Sundry Debtors or Suspense

4,550 $9,100
  1. From the Transaction List scree, select New Transaction | Journal.
  2. Input the transaction details and select Post.

 

Receipt of any Refund


An amount of $10,900 was refunded to the fund on 04/12/2014.

Date Journals Amount
04/12/2014 DR Bank

CR Debtors or Suspense

$10,900
  1. From the Transaction List screen, select New Transaction | Bank Statement.
  2. Input the details of the refund and select Post.

 

Transaction Matching


If the fund is subscribed to the BGL Bank Data feed and the BGL Contract Note Service, you can match the transactions through the Transaction Matching screen instead of having to enter them manually. Refer to the Transaction Matching help for more information.

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