ON 10 DECEMBER 2011, TUESDAY SRL BOUGHT 10,000 SHARES ISSUED BY TIM...

4. On 10 December 2011, Tuesday SRL bought 10,000 shares issued by Time SRL, a company established inRomania, at 1·2 lei per share. Time SRL’s shares are traded on the Bucharest Stock Exchange Market andTuesday SRL bought them with the intention of keeping them only for a short period and then selling them tomake a profit. On 31 December 2011, the market price of the shares in Time SRL was 1·5 lei per share, thusTuesday SRL registered revenue from the shares’ revaluation of 3,000 lei. On 25 April 2012, Time SRL approvedits financial statements for 2011 and distributed its net profit as dividends. On 30 April 2012, Tuesday SRLregistered and banked dividend revenue from Time SRL of 10,000 lei. On 3 May 2012, Tuesday SRL sold itsshares in Time SRL at 0·9 lei per share and registered the revenue and expense connected to this sale in itsbooks.