repurchase was R9,10 per share. These shares qualify for fi dividends. Dividends The directors paid an interim dividend of R533 000 on 28 May 2016 Fixed assets - Extensions to the building were undertaken at a cost of R1 360 during the financial year. No other fixed assets were purchased.

1. **Repurchase of Shares** - It is given that the repurchase price was \(R9.10\) per share. - The repurchased shares qualify for dividends, meaning that when dividends are declared, these shares are entitled to receive their share of the dividend as if they were still held by the company. 2. **Dividend Payment** - The directors paid an interim dividend of \(R533\,000\) on 28 May 2016. - This interim dividend is recorded as an expense in the income statement and a liability until paid, affecting the company’s distributable profits for the period. 3. **Fixed Assets – Building Extensions** - An extension to the building was undertaken, incurring a cost of \(R1\,360\) during the financial year. - Since no other fixed assets were purchased during the period, the only addition to the fixed asset base is this building extension. - This expenditure is capitalized (added to fixed assets on the balance sheet) and depreciated over its useful life as per the company’s accounting policy. Each of these items will be recorded in the relevant accounts: - The share repurchase at \(R9.10\) per share affects the share capital or treasury shares account. - The \(R533\,000\) interim dividend is accounted for in the dividend expense and in the dividends payable (liability) until disbursed. - The \(R1\,360\) building extension is capitalized in the fixed assets and depreciated accordingly.