5.3 ABC Ltd has calculated a net profit before taxation of R250 000 for the year ended 31 December 2019 . The taxation for the yearl is calculated as 30% of net profit before taxation. Capital includes 3000008% preference shares valued at R1 each. Ordinary share capital consists of 250 000 shares at R1 each. The board of directors have decided to declare a dividend of R0,20 per share. The balance of retained profit at the beginning of the year was R250 000 . 5.3 ABC Ltd has calculated a net profit before taxation of R250 000 for the year ended 31 December 2019 . The taxation for the yearl is calculated as 30% of net profit before taxation. Capital includes 3000008% preference shares valued at R1 each. Ordinary share capital consists of 250 000 shares at R1 each. The board of directors have decided to declare a dividend of R0,20 per share. The balance of retained profit at the beginning of the year was R250 000