AFRICAN DAWN ANNUAL REPORT 2018 Notes to the Financial Statements continued Annual Financial Statements For the year ended 28 February 2018 77 33. Tax paid Group Group Company Company 2018 2017 2018 2017 R’000 R’000 R’000 R’000 Balance at beginning of the year (16,280) (15,054) (8,673) (8,220) Current tax for the year recognised in profit or loss discontinued (181) (606) - - Current tax recognized for prior year profit or loss continued - 540 - - Current tax recognized for prior year profit or loss continued 4 4 - - Adjustment in respect of penalties and interest raised (15) (842) - (453) SARS liability settlement reduction reversal penalties and interest 7,757 - 4,319 - Balance at end of the year 5,705 16,280 3,312 8,673 (3,010) 322 (1,042) - 34. Related parties Relationships Subsidiaries Refer to Note 6 Subsidiaries loan accounts Refer to Note 9 Significant shareholder with borrowings Sandown Capital Proprietary Limited refer Note 18 Company controlled by a director providing services to the Group Integrated Thinking Laboratory Proprietary Limited – controlled by S Roper Entities under previous common control. KNF Ventures (RF) Proprietary Limited TechNVest Proprietary Limited * Directors' loans Refer to Notes 19 Executive and non-executive directors Refer to directors' report Key management DD Breedt Previous owner of new subsidiary SME Snapshot Phezula Group Close Corporation "Phezula" *Relates to subsidiary owned by the previous Knife Capital directors. Knife Capital was disposed refer to Note 12.
AFRICAN DAWN 2018 Annual Report
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