AFRICAN DAWN ANNUAL REPORT 2017 Statement of Profit or Loss and Other Comprehensive Income 32 Group Company Notes 2017 2016 2017 2016 R’000 R’000 R’000 R’000 Operations Revenue 22 36,991 37,329 1,679 811 Cost of sales (366) (839) - - Gross profit 36,625 36,490 1,679 811 Other income 23 1,387 3,910 - 2,092 Operating expenses (44,880) (42,836) (7,475) (8,729) Operating loss 24 (6,868) (2,436) (5,796) (5,826) Investment income 25 84 346 1 256 Profit/(loss) on fair value movement of contingent consideration liability 1.18 - 2,000 - 2,000 Impairment of goodwill 4 (3,397) - - - Reduction in liability to Nexus 21 2,162 - - - Deemed interest expense 26 (585) (552) - (92) Impairment to properties in possession 9 (971) (3,284) - - Finance costs 27 (3,245) (3,018) (855) (585) Loss before taxation (12,820) (6,944) (6,650) (4,247) Taxation 28 632 34 - - Loss from Operations (12,188) (6,910) (6,650) (4,247) Loss attributable to: Owners of the parent: Operations (12,188) (6,910) (6,650) (4,247) (12,188) (6,910) (6,650) (4,247) Earnings per share from operations Basic and diluted loss per share (c) - restated 39 (55.6) (31.6) - -
AFRICAN DAWN 2017
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