LU 8

IAS 7
Additional information:

• There was a revaluation of some of the land during the year. It

was revalued from R2 295 000 to R2 555 000.
• No other asset was revalued during the year.
• The cost price of plant & equipment was R1 320 000 at the
beginning of the year, and at the end of the year it amounted to R1
760 000.
• During the year plant & equipment with a cost of R325 000 was
sold for R98 000.
• Some of the investments were sold during the year for a profit of
R34 000. No new investments were purchased during the year.
• One of the intangible assets was impaired by R42 000. No
amortisation of any intangible assets took place during the year,
and none were internally generated.
• The company issued new shares during the year.
• A new loan of R2 500 000 was negotiated during the year from
their bank.