Pinto Co is a publicly listed company.
The following financial statements of Pinto Co are available:
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR YEAR ENDED 31 MARCH 20X8 (extract)
000 240,000 was sold at a loss of 280,000 was charged (to cost of sales) for property, plant and equipment in the year ended 31 March 20X8.
Pinto Co uses the fair value model in IAS 40 Investment Property. There were no purchases or sales of investment property during the year.
(ii) A dividend of 3 cents per share was paid on1 January 20X8. Pinto Co has 60,000 was included in Pinto's profit before tax for the year ended 31 March 20X8 in respect of income and gains on investment property. You are preparing a statement of cash flows for Pinto Co for the year to 31 March 20X8.
Pinto has spent $1,440,000 on purchase of plant. What is the net cash used in investing activities?