AFRICAN DAWN ANNUAL REPORT 2018 Notes to the Financial Statements continued Annual Financial Statements For the year ended 28 February 2018 76 Cashflow from financing activities 2018 Group R'000 Borowings non-current Borowings current Directors loans Total Opening balance 6,316 9,475 1,523 17,314 Cash movements - - - - Borrowings repaid (207) (2,951) (1,523) (4,681) Borrowings repaid discontinued - (6,164) - (6,164) Advances on existing - 1,801 685 2,486 Advances new current - 20 - 20 Total cash movements (207) (7,294) (838) (8,339) Non-cash movements - - - - Transfer of borrowings to current (2,078) 2,078 - - Closing balance 4,031 4,259 685 8,975 2018 Company R'000 Loans from group companies Directors loans Total Opening balance 6,927 1,523 8,450 Cash movements - - - Borrowings repaid current (1,140) (1,523) (2,663) Advances on existing current - 685 685 Total cash movements (1,140) (838) (1,978) Non-cash movements - - - Transfer to "loan to group companies" 244 - 244 Loan written off (3,685) - (3,685) Closing balance 2,346 685 3,031
AFRICAN DAWN 2018 Annual Report
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