beginning of the current financial year. 20000 shares were repurchased on 31 October 2016 at R15,50 each. The average issue price of the shares on the date of repurchase was R9,10 per share. These shares qualify for final dividends. vidends e directors paid an interim dividend of R533 000 on 28 May 2016 .

1. Identify the numbers given in the problem: - Number of shares repurchased: \(20\,000\). - Repurchase price per share: \(R15.50\). - Average issue price per share on the date of repurchase: \(R9.10\). - Interim dividend paid: \(R533\,000\). 2. Calculate the excess for each repurchased share (the premium above the issue price): \[ \text{Excess per share} = R15.50 - R9.10 = R6.40. \] 3. Determine the total excess (or premium) for all repurchased shares: \[ \text{Total premium} = 20\,000 \times R6.40 = R128\,000. \] 4. Summarize the dividend items: - The shares repurchased still qualify for final dividends, so in computing the final dividend, the company takes into account not only the dividend on the shares outstanding but also the fact that the repurchased shares have a premium of \(R6.40\) each—in total \(R128\,000\). - In addition, an interim dividend of \(R533\,000\) was paid on 28 May 2016. Thus, the key calculated amounts are: - A repurchase premium of \(R128\,000\). - An interim dividend of \(R533\,000\). All subsequent final dividend calculations (if the company is reconciling the distribution in respect of issued shares) would include these amounts along with other components as applicable.