AFRICAN DAWN ANNUAL REPORT 2019 Notes to the Financial Statements continued Annual Financial Statements For the year ended 28 February 2019 62 8. Loans to/(from) Group companies Subsidiaries Company 2019 R’000 Subsidiaries Loan balance Expected credit loss Total African Dawn Property Transfer Finance 2 Proprietary Limited * 20,535 (18,746) 1,789 African Dawn Property Transfer Finance 1 Proprietary Limited * 5,478 (4,382) 1,096 African Dawn Wheels Proprietary Limited * 437 (412) 25 African Dawn Debt Management Proprietary Limited * 14,239 (14,239) - YueDiligence Proprietary Limited * 558 (460) 98 Almika Properties 81 Proprietary Limited * 15 (15) - Elite Group Proprietary Limited * 22,911 (16,750) 6,161 64,173 (55,004) 9,169 Company 2018 R’000 Subsidiaries Loan balance Loan impairment Total African Dawn Social Education Proprietary Limited *# 242 (242) - Bhenka Financial Services Proprietary Limited # (2,346) - (2,346) African Dawn Property Transfer Finance 2 Proprietary Limited * 20,543 (18,894) 1,649 African Dawn Property Transfer Finance 1 Proprietary Limited * 6,887 (4,596) 2,291 African Dawn Wheels Proprietary Limited * 456 (456) - African Dawn Kwazulu Natal Proprietary Limited # 3,228 (3,228) - African Dawn Debt Management Proprietary Limited * 14,234 (14,234) - YueDiligence Proprietary Limited * 527 (468) 59 Almika Properties 81 Proprietary Limited * 15 (15) - Elite Group Proprietary Limited *^ 23,223 (15,900) 7,323 African Dawn Wheels Operations Proprietary Limited *# 85 (85) - Amalgum Investments 138 Proprietary Limited *# 14 (14) - Elatiflash Proprietary Limited *# 16 (16) - Albistar Investments Proprietary Limited *# 18 (18) - ABC Cashplus (Randburg) Proprietary Limited *# 20 (20) - SME Snapshot 300 - 300 67,462 (58,186) 9,276 Group Company 2019 2018 2019 2018 R’000 R’000 R’000 R’000 Non-current assets - - 6,161 - Current assets - - 3,008 11,622 Current liabilities - - - (2,346) - - 9,169 9,276
AFDAWN AR FINAL 2019
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