G. The loan statement received from Bulls Bank on 28 Febru…
G. The loan statement received from Bulls Bank on 28 February 2021 indicated the following: R Balance at beginning of financial year 2 460 000 Repayments during financial year 850 000 Interest capitalised ? Balance at end of financial year 1 850 000 H. Income tax for the financial year was calculated at 28% of the net profit before tax. I. Shares and dividends: · 800 000 ordinary shares were in issue on 1 March 2020. · Interim dividends were declared and paid on 1 September 2020. · The directors decided to repurchase 5% of the shares in issue on 26 February 2021. These shares were repurchased at R11,20 per share. No entries have been made for this transaction. All shares qualified for the final dividend. · The final dividend per share recommended by the directors on 28 February 2021 was 44 cents per share.