Is the dividends declared taken as a percentage of the authorised share capital or issued??
Authorised Share capital is how much money money / finance the company is allowed to raise through the selling of shares (See Memorandum of Association)
Issued is how much in shares they actually have raised. Thus dividends is a percentage of Issued Share Capital.
Does dividends declared get added or subtracted at the end of the trading profit and loss and appropriation account