Page 53 - P6 Slide Taxation - Lecture Day 6 - Groups, Interest And Practice Questions
P. 53

Solution cont.









          MONTH                                                                             CASH FLOW

                                                                                                                                Initial

          1 October 2013 (1 000 000 – 40%)         600 000
                                                                                                                              amount


          30 September 2014                                                                                     nil




          30 September 2015                                                                                     nil




          30 September 2016                                                                  (1 000 000)




          Interest expense incurred by issuer  (R400 000)
   48   49   50   51   52   53   54   55   56   57   58