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Additional information:
1. Depreciation for the year amounted to R2 700.
2. Other income consists of a R6 000 profit made on the sale of shares on the JSE and a dividend income of R600.
3. No other investments were made during the year.
4. An interim profit distribution of R2 800 was paid during the year.
5. The additional membership contributions were made in cash.
6. An additional long-term loan of R2 500 was acquired; repayments on the existing loan amounted to R500 for the year
7. No property, plant or equipment was sold during the year; one computer had to be replaced and was paid for in cash.
Problem 1: Which one of the following alternatives represents the net cash generated from/used in operations in the statement of cash flows of Brilliant CC for the year ended 28 February 2020?
1. R(1 300)
2. R(300)
3. R2 500
4. R6 400
Financial Statement Analysis and Preparation
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