C. CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2020 …
C. CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2020 CASH FLOW FROM OPERATING ACTIVITIES Cash generated from operations Interest paid (86 000) Dividends paid (496 000) Income tax paid (a) CASH FLOW FROM INVESTING ACTIVITIES Purchase of fixed assets (2 285 000) Proceeds from sale of fixed assets 650 000 Proceeds from financial assets matured 550 000 CASH FLOW FROM FINANCING ACTIVITIES Repurchase of shares (b) Proceeds with issue of shares (c) Change in loan (d) Net change in cash and cash equivalents (e) Cash and cash equivalents beginning of year (f) Cash and cash equivalents at the end of year (g) D. Shareholding for the 2020 financial year · Authorised share capital: 700 000 ordinary shares · On 1 July 2019 there were 500 000 shares in issue. · On 1 January 2020 all the unissued shares were issued at R12,50 each. · On 31 May 2020, 30 000 shares were repurchased at R1,50 more than the average price per share.