Shareholders' Equity (Deficit) (Notes)

3 Months Ended

Sep. 28, 2013

Shareholders' Equity (Deficit) [Abstract]

Stockholders' Equity (Deficit) Note Disclosure [Text Block]

SHAREHOLDERS’ EQUITY (DEFICIT)

The changes in shareholders' equity (deficit) follow:

Balance at June 29, 2013	$	131
Net loss	(190,670		)
Other comprehensive loss	(16,510,386		)
Total comprehensive loss	(16,701,056		)
Balance at September 28, 2013	$	(16,700,925	)

As of September 28, 2013 there were 2,000 ordinary shares issued and outstanding to Tudor Trust Limited and affiliates of Tudor Trust Limited.

PCL capitalized $4,707,901 related to the future issuance of ordinary shares that were paid by Perrigo. This amount was deferred in the Condensed Consolidated Balance Sheet and will be reclassified to additional paid-in capital when PCL issues ordinary shares associated with the Transactions. For additional information on the Transactions, see Note 2, General Information.

The holders of the ordinary shares are entitled to dividends, have voting rights and would participate pro rata in the total assets of PCL in the event of its winding up.