AFRICAN DAWN ANNUAL REPORT 2018 Statement of Profit or Loss and Other Comprehensive Income 36 Group Company Notes 2018 2017 2018 2017 R’000 R’000 Restated* R’000 R’000 Restated* Operations Revenue 23 17,409 21,360 117 775 Cost of sales (116) (42) - - Gross profit 17,293 21,318 117 775 Other income 24 1,599 1,772 4,911 904 Operating expenses (31,348) (29,477) (14,161) (7,475) Operating loss 25 (12,456) (6,387) (9,133) (5,796) Investment income 26 27 30 - 1 Reduction in liability to Nexus 22 - 2,162 - - Loss on sale of subsidiary 12 - - (2,309) - Profit on sale of equity accounted investment 13 - - 55 - Gain on SARS settlement (Note 15 and Note 21) 11,809 - 8,371 - Deemed interest income/(expense) 27 433 (585) - - Finance costs 28 (1,114) (2,560) (63) (855) Loss before taxation (1,301) (7,340) (3,079) (6,650) Taxation 29 4 26 - - Loss from continuing operations (1,297) (7,314) (3,079) (6,650) Loss from discontinuing operations 31 (1,364) (4,874) - - Total comprehensive (loss) for the year (2,661) (12,188) (3,079) (6,650) Loss attributable to: Owners of the parent: (2,614) (12,188) - - Non-controlling interest in share loss (47) - - - Loss per share from operations 42 (12.1) (55.6) Basic and diluted loss per share (c) - continued operations (5.9) (33.4) Basic and diluted loss per share (c) - discontinued Operations (6,2) (22,2) * The prior year figures have been restated to take into account the discontinued operation and reclassification error in the prior year. Refer to Note 31 and Note 44.
AFRICAN DAWN 2018 Annual Report
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