I had Wesfarmers shares which were originally separated into WES Ordinary shares and WESN - Partially protected ordinary shares. I entered the information for both of these in My portfolio. Then the WESN were changed by a Security Code change to WES Ordinary shares. Finally, some of the WES shares were demerged into Coles shares. I followed how to do the Coles Demerger and set up a new investment for Coles. However I am not sure how to handle the change from WESN to WES. At the moment I have done it by cancelling the WESN shares back to zero (and this security is no longer shown as an active holding). Then on the Wesfarmers I put the transferred 159 shares down as Bonus, as that was the closest I could estimate from the dropdown menu. I don’t have the information as to what price they equated to at the time of the change. I only have the holding document showing the change. I have checked all the current values given for my holdings and the dividends and they are correct. However I don’t know if the capital gain is correct because I don’t know if I have handled the change from WESN to WES correctly. Is someone able to explain for me? Thanks.
Edit: I have reconsidered and instead of doing a cancel of WESN I did it as an adjusted cost base (the final balance) which took it back to zero, and kept it in my portfolio where I could see it. I then took that cost base and divided it by the number of securities transferred from WESN to WES and did it as a buy function. Wondering if this is better.
Edit2: After looking at some other sites, it appears that the way to treat this is to disregard the WESN shares as if they didn’t exist (no capital gain paid on them) and to treat them as if they were WES ordinary shares obtained at the same time as the original WES ordinary shares. The whole story is that I had Coles shares which were changed into WES and WESN shares. My accountant did a worksheet which shows the consideration given for the Coles shares, and how the cost base was to be split between Coles shares and the 2 new WES and WESN shares. Capital gains was attributed to the Coles portion and tax paid at the time. So I have added up the cost base of the original WES shares and the WESN shares as determined at the time of the split from Coles, and divided that by the total number of WES and WESN shares to get a unit price. I have also added in an extra consolidation of 1 share which occurred with the WESN shares before they were converted to WES. Now I have it as though they were WES shares all along, with the cost price being the total cost base for WES and WESN divided by the total shares of both. The dividends have all recalculated out to be the total of dividends received from both WES and WESN up to the point of the change and of course once it all became WES there was no change to what I had before. I’m hoping this time I have it right.