Property , plant and equipment Purchase investing Opercirurrent liabilities .... 01/101/3/2020 ASSIGNMENT 02 - SECOND SEMESTER (continued) Given information for questions 7, 8, 9 and 10 The following information pertains to Brilliant CC: EXTRACT FROM THE STATEMENT OF FINANCIAL POSITION AS AT 28 FEBRUARY 2020 2019 ASSETS R R Non-current assets 54 000 50 000 54 000 50 000 Current assets 38 400 36 000 Chargest inventories 12 400 10 200 in Worry Trade receivables (Trade debtors) 10 000 10 400 capital other financial assets 12 000 14 000 Cash and cash equivalents 4 000 1400 Total assets... 92 400 86 000 EQUITY AND LIABILITIES Total equity 77 054 69 800 Members' contributions (financing) 52 000 47 200 Retained earnings 25 054 22 600 Total liabilities 16 346 16 200 Non-current liabilities 6 200 4 200 Long-term borrowings Eineacing activities. 6 200 4 200 Trade and other payables (Trade creditors). Current tax payable 10 146 8 000 2 146 12 000 10 000 2 000 Cooperating EXTRACT FROM THE STATEMENT OF PROFIT/LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 28 FEBRUARY 2020 R Revenue 162 000 Cost of sales (133 000) Gross profit 29 000 Other income 6 600 financirppistribution, administrative and expenses (28 800) Finance costs (interest on long-term loans) (400) Profit before tax 6 400 Income tax expense (2 146) Profit for the year 4 254 Other comprehensive income for the year Total comprehensive income for the year 4254 from/used in the year ende FAC1601/101/3/2020 ASSIGNMENT 02 - SECOND SEMESTER (continued) Additional information: (Non-cash entry) 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. Looperating to Operating 3. No other investments were made during the year. 4. An interim profit distribution of R2 800 was paid during the year. Opera 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. Loutflow in financing 7. No property, plant or equipment was sold during the year, one computer had to be replaced and was paid for in cash. 8. Brilliant CC uses the indirect method to prepare their statement of cash flows. Operating Loirflow in firencing FAC1601/101/3/2020 ASSIGNMENT 02 - SECOND SEMESTER (continued) QUESTION 9 Which one of the following alternatives represents the cash flow from/used in financing activities amount in the statement of cash flows of Brilliant CC for the year ended 28 February 2020? 1. R6 800 2. R7 300 3. R4 800 4. R5 800