AFRICAN DAWN ANNUAL REPORT 2018 Notes to the Financial Statements continued Annual Financial Statements For the year ended 28 February 2018 75 32. Cash used in operations Group Company 2018 2017 2018 2017 R'000 R'000 R'000 R'000 Loss before taxation continued and discontinued operations (2,846) (12,820) (3,079) (6,650) Adjustments for: Depreciation - continued 157 234 34 59 Depreciation - discontinued 21 48 Loss on disposal of property in possession/ property plant and equipment - continued - 5 - - Loss on disposal of property in possession/ property plant and equipment - discontinued 22 - - - Investment income - continued (27) (31) - (1) Investment income - discontinued (5) (53) Finance costs - continued 1,114 1,718 63 401 Finance costs - discontinued 169 685 - - Loss on sale of Knife Capital - refer to Note 12 426 - 2,309 - Profit on sale of associate - refer to Note 13 (209) - (55) - Non-cash Group loans written down - refer to Note 9 - - (3,685) - Non-cash Impairment adjustment Group loans - refer to Note 9 - - 7,111 279 Non-cash Impairment goodwill - continued 211 3,397 - - Non-cash Impairment goodwill - discontinued 485 Non-cash finance costs (penalties and interest on income tax and vat) - continued (11,809) 842 (8,371) 454 Non cash reduction in liability - (refer to Note 22) - continued - (2,162) - - Non-cash amortisation (refer to Note 5) - continued 610 362 - - Non-cash amortisation (refer to Note 31) - discontinued 684 1,321 Non-cash deemed interest expense (refer to Note 27) - continued (433) 585 - - Non-cash operating lease movement - continued 58 (23) (5) (23) Non cash impairment of properties in session - discontinued - 971 - - Non cash impairment of investments - refer to Note 6 - - 1,675 - Non-cash impairment of debtors allowance refer to Note 36 8,645 4,442 - - Changes in working capital: Properties in possession - discontinued 15,831 1,422 Trade and other receivables 568 (238) 66 (7) Trade and other payables (6,835) 3,819 (4,355) 2,915 Other financial assets - 312 - - 6,837 4,836 (8,292) (2,573)
AFRICAN DAWN 2018 Annual Report
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