SUPER CASH LTD STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 28 FEBRUARY 2020 Revenue Cost of sales Gross profit Dividend income Operating expenses Profit before taxation Taxation expense Profit for the year SUPER CASH LTD STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 28 FEBRUARY 2020 R 5 500 000 (2 000 000) 3 500 000 50 000 (2 025 000) 1 525 000 (260 000) 1 265 000 Ordinary share capital Non- distri- butable reserve General Retained earnings Total reserve Balance at 1 Mar 2019 R 1 500 000 R 800 000 R 550 000 R 1 225 000 Profit for the year Dividends declared 1 265 000 Share issue 750 000 Capitalisation issue 1 000 000 Transfer to general (100 000) (1 000 000) R 4 075 000 1 265 000 (100 000) 750 000 150 000 (150 000) reserve Revaluation of land Balance at 28 Feb 2020 2 500 000 600 000 1 400 000 600 000 700 000 1 240 000 6 590 000 Additional information 1. Plant and equipment originally costing R500 000 on 1 March 2015, were sold on 30 August 2019 at a loss of R80 000. Machinery and equipment are depreciated at 10% p.a. on cost. New machinery was bought on the same day. The following balances relate to plant and equipment at 28 February: 2020 R 2019 R Cost 3 100 000 2 800 000 Accumulated depreciation (820 000) (750 000) Carrying amount 2 280 000 2 050 000 2. The loan bears interest at a rate of 10% p.a. The repayment was made on 31 May 2019. REQUIRED: Prepare the statement of cash flows, using the direct method, and supporting note of Super Cash Ltd for the year ended 28 February 2020.