AFRICAN DAWN ANNUAL REPORT 2018 Statement of Financial Position as at 28 February 2018 35 Group Company Notes 2018 2017 2018 2017 R’000 R’000 R’000 R’000 Assets Non-Current Assets Property, plant and equipment 3 400 605 36 70 Goodwill 4 - 4,679 - - Intangible assets 5 921 3,775 - - Investments in subsidiaries 6 - - 6,377 15,877 Deferred tax 7 26 697 - - 1,347 9,756 6,413 15,947 Current Assets Properties in possession 8 - 15,853 - - Loans to Group companies 9 - - 11,622 25,216 Trade and other receivables 10 22,851 31,193 994 114 Cash and cash equivalents 16 429 1,983 55 78 23,280 49,029 12,671 25,408 Total Assets 24,627 58,785 19,084 41,355 Equity and Liabilities Equity Share capital and share premium 17 313,943 313,943 313,943 313,943 Accumulated loss (305,825) (303,630) (301,467) (298,388) Non-controlling interest 14 (114) - - - 8,004 10,313 12,476 15,555 Liabilities Non-Current Liabilities Deferred tax 7 - 758 - - Borrowings 18 4,031 6,316 - - 4,031 7,074 - - Current Liabilities Loans from Group companies 9 - - 2,346 6,927 Current tax payable 15 5,705 16,280 3,312 8,673 Borrowings 18 4,259 9,475 - - Loans from directors 19 685 1,523 685 1,523 Operating lease liability 20 62 5 - 5 Trade and other payables 21 1,881 14,115 265 8,672 12,592 41,398 6,608 25,800 Total Liabilities 16,623 48,472 6,608 25,800 Total Equity and Liabilities 24,627 58,785 19,084 41,355
AFRICAN DAWN 2018 Annual Report
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