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The following list of balances appear, amongst other in the accounting ...
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The following list of balances appear, amongst other in the accounting records of Lipton Ltd on 28 February 2025. The issued share capital of Lipton Ltd on date of incorporation consisted of the following:
|
R
|
Ordinary Share Capital (issued at R4,00 each)
|
14 000 000
|
8% Preference shares (issued at R5,00 each)
|
2 500 000
|
10% Cumulative preference shares (issued at R9 each)
|
1 800 000
|
Lipton Ltd was incorporated on 1 March 2023. The issued share capital has not changed since the date of incorporation. No dividends were declared during the previous financial year, but during the current financial year ended 28 February 2025 an ordinary dividend of 12c per share was declared.
Required:
Which one of the following represents the total dividend that should be disclosed in the financial statements on 28 February 2025?