AFRICAN DAWN ANNUAL REPORT 2019 Notes to the Financial Statements continued Annual Financial Statements For the year ended 28 February 2019 Group Company 2019 2018 2019 2018 R'000 R'000 R'000 R'000 Current liability 2 62 - - 2 62 - - 70 20. Trade and other payables Group Company 2019 2018 2019 2018 R'000 R'000 R'000 R'000 Trade payables 707 645 463 157 VAT 160 176 - - Accrued leave pay 933 916 108 108 Accrued expenses 222 144 - - 2,022 1,881 571 265 18. Loans from directors Group Company 2019 2018 2019 2018 R’000 R’000 R’000 R’000 WJ Groenewald ** # 428 100 428 100 G Hope ** # 2,392 585 2,392 585 2,820 685 2,820 685 ** All loans accrue interest @15% per annum are unsecured and are repaid on an adhoc basis in the short term. # Refer to Note 37 for details of the option agreements that was entered into after the year end. Non-current liabilities - - - - Current liabilities (2,820) (685) (2,820) (685) (2,820) (685) (2,820) (685) 19. Operating lease liability 21. Revenue Group Group Company Company 2019 2018 2019 2018 R’000 R’000 R’000 R’000 Commissions received 185 549 - 23 Administration fee 3,058 3,866 - - Rendering of service 310 306 - - Interest received 9,785 12,721 95 94 Discount allowed (3) (33) - - 13,335 17,409 95 117
AFDAWN AR FINAL 2019
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