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Extracts from the statements of financial position of ABC 30 June 2020 30 June 2019 million million Ordinary shares of 1 each 800 500 Share

Extracts from the statements of financial position of ABC

30 June 2020 30 June 2019

million million

Ordinary shares of 1 each 800 500

Share premium 200 -

Retained earnings 250 300

On 1 July 2019 a bonus issue of one new share for every 5 was made. This was followed by a further full-market price issue for cash. The profit for the year ended 30 June 2020 was 50 million. No cash dividends were paid.

What amount will appear under 'cash flows from financing activities' in the statement of cash flows of Winter Co for the year ended 30 June 2020 as 'proceeds from issuing shares'?

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