For purposes of Module CA, the share premium reserve or share premium account records the difference between the nominal value of shares issued and the fair value of the consideration received. For example if a company issues 1.0m shares (with a par of 1BD per share) at 3BD per share then in its accounting records it will record an increase in issued shares of 1.0m BD and an increase in the share premium reserve of 2.0m BD (i.e. the 3.0m BD received less the par value of the shares issued 1.0m BD).