AFRICAN DAWN ANNUAL REPORT 2019 Statement of Financial Position as at 28 February 2019 36 Group Company Notes 2019 2018 2019 2018 R’000 R’000 R’000 R’000 Assets Non-Current Assets Property, plant and equipment 3 343 400 16 36 Goodwill 4 - - - - Intangible assets 5 554 921 - - Loans to Group companies 8 - - 6,161 - Investments in subsidiaries 6 - - 11,377 6,377 Deferred tax 7 - 26 - - 897 1,347 17,554 6,413 Current Assets Loans to Group companies 8 - - 3,008 11,622 Trade and other receivables 9 15,387 22,851 34 994 Cash and cash equivalents 15 2,388 429 7 55 17,775 23,280 3,049 12,671 Total Assets 18,672 24,627 20,603 19,084 Equity and Liabilities Equity Share capital and share premium 16 323,323 313,943 323,323 313,943 Accumulated loss (316,700) (305,825) (306,520) (301,467) Non-controlling interest 13 - (114) - - 6,623 8,004 16,803 12,476 Liabilities Non-Current Liabilities Borrowings 17 431 4,031 - - 431 4,031 - - Current Liabilities Loans from Group companies 8 - - - 2,346 Current tax payable 14 - 5,705 - 3,312 Borrowings 17 6,774 4,259 409 - Loans from directors 18 2,820 685 2,820 685 Operating lease liability 19 2 62 - - Trade and other payables 20 2,022 1,881 571 265 11,618 12,592 3,800 6,608 Total Liabilities 12,049 16,623 3,800 6,608 Total Equity and Liabilities 18,672 24,627 20,603 19,084
AFDAWN AR FINAL 2019
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