Page 72

AFRICAN DAWN 2017

AFRICAN DAWN ANNUAL REPORT 2017 Notes to the Financial Statements Annual Financial Statements For the year ended 28 February 2017 continued 70 2017 Group Trade and other receivables Amount Repayment Deemed interest Balance Trade debtor – Autumn star interest free portion of loan 7,827 - (585) 7,242 2017 Company borrowings Amount Repayment Deemed interest Balance - - - - 2016 Group borrowings Amount Repayment Deemed interest Balance Sandown Capital Interest free portion loan (A) in note 15 2,905 - 428 3,333 Sandown Capital Elite Two loan (B) in note 15 1,717 (1,169) 32 580 National Housing Finance Corporation (“NHFC” Loan Guarantee (D) in note 15 1,658 (1,750) 92 - 6,280 (2,919) 552 3,913 2016 Group borrowings Amount Repayment Deemed interest Balance National Housing Finance Corporation (“NHFC” Loan Guarantee (D) in note 15 1,658 (1,750) 92 - 27. Finance costs including interest on income tax Group Group Company Company 2017 2016 2017 2016 R’000 R’000 R’000 R’000 NHFCE interest 275 415 - - Finance leases - 15 - - Directors loans 143 - 143 - Bank 2 34 - - Sandown Capital borrowing 880 880 - - Other loans 159 - - - Penalties and interest on VAT 259 - 258 - Penalties and interest on income tax 842 938 454 585 Nedbank bond interest 685 736 - - 3,245 3,018 855 585


AFRICAN DAWN 2017
To see the actual publication please follow the link above