AFRICAN DAWN ANNUAL REPORT 2019 Notes to the Financial Statements continued Annual Financial Statements For the year ended 28 February 2019 72 23. Other operating expenses include: Operating lease charges Group Group Company Company 2019 2018 2019 2018 R’000 R’000 R’000 R’000 Premises 1,826 2,108 - - Equipment 351 337 - - 2,177 2,445 - - Impairment of investments (refer to Note 6) - - - 1,675 Legal fees 244 822 - 676 Impairment adjustment to intercompany loans (refer to Note 8) - - 447 7,110 Amortisation of intangible assets (refer to Note 5) 165 613 - - Depreciation on property, plant and equipment (refer to Note 3) 59 178 20 34 Employee and non-executive directors costs 8,192 9,502 623 1,563 Bad debt written off 1,157 3,247 - - Loss allowance adjustment 1,249 5,398 - - 24. Investment income Interest revenue Group Group Company Company 2019 2018 2019 2018 R’000 R’000 R’000 R’000 Cash and equivalents 4 27 1 - 25. Finance costs including interest on income tax Group Group Company Company 2019 2018 2019 2018 R’000 R’000 R’000 R’000 Directors loans 517 63 517 63 SARS 63 - 63 - Peregrine Financial Services 925 1,044 - - Other loans - 7 - - 1,505 1,114 580 63
AFDAWN AR FINAL 2019
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