The balance sheet of Veldt a South African firm showed
The balance sheet of Veldt, a South African firm, showed a balance in retained earnings of R5,872.4 at the end of 2013 and R4,640.9 at the end of 2012. Net income for the year was R2,362.5 million. All amounts are in millions of South African rand (R). Compute the amount of dividends declared during the year.

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