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AFDAWN AR FINAL 2019

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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