(that is, the sum of their par values, sometimes indicated on share certificates). If the allocation price of shares is greater than the par value, as in a rights issue, the shares are said to be sold at a premium (variously called capital surplus or share premium, additional paid-in capital or paid-in capital in excess of par).

This equation shows the constituents that make up a company's real share capital:
:

This is differentiated from share capital

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