AFRICAN DAWN ANNUAL REPORT 2017 Notes to the Financial Statements Annual Financial Statements For the year ended 28 February 2017 continued 88 40. Restrictions Various contracts have restrictions in them that limit access to the assets by the Group. These restrictions are explained below: 2017 - Existing as at year end Sandown Capital Proprietary Limited No amounts can be paid to Afdawn by Elite until all amounts owing to Sandown Capital Proprietary Limited have been settled. The carrying amount of the liabilities is R7,231 million (2016: R10,213 million) (refer to note 15 which deals with borrowings owed to Sandown). Elite Cell The cash in Elite Cell can only be accessed if a claim is submitted to Guardrisk or if Elite Cell declares a dividend. The carrying amount is R0 million (2016: R0,312 million ). Refer to note 7.
AFRICAN DAWN 2017
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