AFRICAN DAWN ANNUAL REPORT 2018 Notes to the Financial Statements continued Annual Financial Statements For the year ended 28 February 2018 Related party balances Group Group Company Company 78 2018 2017 2018 2017 R’000 R’000 R’000 R’000 Loan accounts - Owing (to) by related parties Elite owes Sandown Capital Proprietary Limited (5,981) (7,231) - - Phezula Group CC 418 - - - Outstanding loans to directors on acquistion of Knife Capital and general loans EA Van Heerden (A) - 20 - 20 JK Van Zyl (A) - 20 - 20 A Bohmert (A) - 20 - 20 WJ Groenewald 100 183 100 183 G Hope 585 1,280 585 1,280 Related party transactions Cash paid to directors on acquisition of Knife Capital EA Van Heerden (A) 20 142 20 142 JK Van Zyl (A) 20 142 20 142 A Bohmert (A) 20 143 20 143 Administration fees (received from) paid to related parties Candlestick Park Investments Proprietary Limited - 400 - 400 African Dawn Capital Limited (23) (100) - (100) Integrated Thinking Laboratory Proprietary Limited - (300) - (300) Knife Capital 12 Grindstone 63 KNF Ventures (RF) Proprietary Limited (457) TechNVest Proprietary Limited (447) Knife Capital (52) - - - Commission (received from) paid to related parties African Dawn Wheels Proprietary Limited 1 3 - - Elite Group Proprietary Limited (1) (3) - - Interest (received)/paid from related parties African Dawn Capital Limited (94) (116) (94) (116) Elite Group Proprietary Limited 94 133 94 133 DD Breedt - (17) - - G Hope - director (7) (143) (7) (143) WJ Groenewald (56) (32) (56) (32) African Dawn Capital Limited 63 111 63 111
AFRICAN DAWN 2018 Annual Report
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