Shares and other equity (AF.5)
6.56 . Bonus shares (see paragraph 5.93.) increase the number of shares and the nominal value of the shares issued
but do not in theory alter the market value of the totality of shares. By
convention, they do not enter the accounts at all. However, these issues are designed
to improve the liquidity of the shares on the market and hence the total market
value of shares issued may rise as a result any such change should be recorded
as a revaluation effect.