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AAALtd reported the following information for the year ended 30 June 2021: 2021 2020 Bank overdraft 9,000 4,500 Dividend payable 20,000 18,000 Bank loan 210,000
AAALtd reported the following information for the year ended 30 June 2021:
| 2021 | 2020 |
Bank overdraft | 9,000 | 4,500 |
Dividend payable | 20,000 | 18,000 |
Bank loan | 210,000 | 180,000 |
Share Capital | 475,000 | 390,000 |
Retained earnings | 176,500 | 210,000 |
Profit after tax | 25,500 |
|
- An interim dividend was paid during the year: $30,000 was paid by way of a bonus share issue, the remainder of the interim dividend was paid in cash.
- Land was purchased during the year, with part payment made by taking out a bank loan of $50,000.
- Repayments on bank loans for the year amounted to $40,000.
Calculate and prepare Cash Flows from Financing Activities (an extract from the Statement of Cash Flows) in accordance with AASB107 for the year ended 30 June 2021.
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