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QUESTION 2 996 Loan Notes in issue were reported as R400,000 on 31st March 2011 and as R100,000 a year later. On 31st December 2011

QUESTION 2 996 Loan Notes in issue were reported as R400,000 on 31st March 2011 and as R100,000 a year later. On 31st December 2011 a part of the Loan Notes in issue was redeemed at 20% premium. What was the cash outflow on redemption of Loan Notes during the year ended 31st March 2012. O R360.000 R240.000 R300.000 O R387.000

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