AFRICAN DAWN ANNUAL REPORT 2017 Statement of Financial Position as at 28 February 2017 31 Group Company Notes 2017 2016 2017 2016 R’000 R’000 R’000 R’000 Assets Non-Current Assets Property, plant and equipment 3 605 879 70 129 Goodwill 4 4,679 8,076 - - Intangible assets 5 3,775 5,155 - - Investments in subsidiaries 6 - - 15,877 15,877 Deferred tax 8 697 381 - - 9,756 14,491 15,947 16,006 Current Assets Other financial assets 7 - 312 - - Properties in possession 9 15,853 18,247 - Loans to group companies 10 - - 25,216 26,723 Trade and other receivables 11 31,193 35,981 114 107 Cash and cash equivalents 13 1,983 3,005 78 788 49,029 57,545 25,408 27,618 Total Assets 58,785 72,036 41,355 43,624 Equity and Liabilities Equity Share capital and share premium 14 313,943 313,943 313,943 313,943 Accumulated loss (303,630) (291,442) (298,388) (291,738) 10,313 22,501 15,555 22,205 Liabilities Non-Current Liabilities Deferred tax 8 758 1,125 - - Borrowings 15 6,316 7,829 - - 7,074 8,954 - - Current Liabilities Loans from group companies 10 - - 6,927 6,929 Current tax payable 12 16,280 15,054 8,673 8,220 Borrowings 15 9,475 12,524 - Finance lease liabilities 16 - 19 - - Loans from directors 18 1,523 487 1,523 487 Operating lease liability 19 5 28 5 28 Trade and other payables 20 14,115 12,469 8,672 5,755 41,398 40,581 25,800 21,419 Total Liabilities 48,472 49,535 25,800 21,419 Total Equity and Liabilities 58,785 72,036 41,355 43,624
AFRICAN DAWN 2017
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