AFRICAN DAWN ANNUAL REPORT 2019 Notes to the Financial Statements continued Annual Financial Statements For the year ended 28 February 2019 67 15. Cash and cash equivalents Cash and cash equivalents consist of: Group Company 2019 2018 2019 2018 R'000 R'000 R'000 R'000 Cash on hand 94 83 - - Bank balances 2,294 346 7 55 2,388 429 7 55 16. Shares and share premium Authorised Group Company shares shares shares shares 125,000,000 Ordinary shares of 40c each 50,000,000 50,000,000 50,000,000 50,000,000* The total shares in issue as at 28 February 2019 amounted to 48,725,028 (2018: 21,925,057). Reconciliation of number of shares in issue R’000 R’000 R’000 R’000 Reported as at 01 March 21,925 21,925 21,925 21,925 Share issue 7 December 2018 * 26,800 - 26,800 - Closing balance 48,275 21,925 48,725 21,925 Reconciliation of share values ‘R000: Reported at beginning of period 313,943 313,943 313,943 313,943 Share issue 7 December 2018 * 9,380 - 9,380 Reported at the end of the period 323,323 313,943 323,323 313,943 Total share premium 303,800 305,140 303,800 305,140 Ordinary shares @ 40c 19,523 8,803 19,523 8,803 323,323 313,943 323,323 313,943 * Shareholders approved the Specific Issue of 26,800,000 Shares for cash at a General Meeting held on 26 November 2018. The additional shares were issued and listed on the JSE on 7th December 2018. The shares were issued to Arvesco 153 Proprietary Limited, at the Issue Price of 35 cents per Share.
AFDAWN AR FINAL 2019
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