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At 1 September 20X2, RIO had issued share capital of 2 million equity shares of $1.00 each, and a share premium account of $200,000. During the year ended 31 August 20X3, RIO made a ‘1-for-4’ rights issue at $1.50 per share which was fully subscribed. In addition, RIO made a part-repayment of a long-term loan of $250,000. RIO also received a dividend of 40,000 on a shareholding it has in another entity and paid a dividend to its own shareholders of $50,000.
What was RIO’s net cash inflow arising from ‘financing activities’ for the year ended 31 August 20X3?
Can someone please explain how to work out the share capital part ?
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