I have a CC. Its members contribution is R 100.00 - R50 for each member. Other than that, the two sharehodlers have credit loan accounts worst R100k each.
The company was started from scratch.
It is running at a loss since its inception and has not declared any dividends so far.
How would this be presented in this section of the IT14R?
It is important to note that with the 2013 Income tax returns going forward, a signed copy of the AFS is also required to be submitted to SARS.