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MBA IT, Mater in Science and Technology
Devry
Jul-1996 - Jul-2000
Professor
Devry University
Mar-2010 - Oct-2016
(a)Extracts from SF’s statement of financial position at 31 March 2013, with comparatives, areshown below: 2013 2012$000 $000EquityOrdinary shares 460 400Share premium 82 70Revaluation reserve 44 24Retained earnings 273 246Non-current liabilitiesFinance lease payables 98 60Long term borrowings 129 105Current liabilitiesFinance lease payables 10 6Extracts from SF’s statement of changes in equity for the year ended 31 March 2013:$000Retained earnings:Retained earnings at 31 March 2012 246Profit for the year 46Dividends paidRetained earnings at 31 March 2013(19)273During the year ended 31 March 2013 SF’s transactions included the following:(i) Acquired property plant and equipment on a finance lease, debiting $55,000 toproperty, plant and equipment.(ii) Repaid $25,000 of its long term borrowings during the year.(iii) Issued some ordinary shares at a 20% premium.(iv) Charged finance costs for the finance lease of $16,000 for the year.TURN OVERRequired: Prepare the “cash flows from financing activities” section of SF’s statement of cash flowsfor the year ended 31 March 2013
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