AFRICAN DAWN ANNUAL REPORT 2019 Notes to the Financial Statements continued Annual Financial Statements For the year ended 28 February 2019 75 Discontinued operations per segment 2018 R’000 Investment advisory and investment management R’000 Rentals of properties in possession R’000 Total R’000 Revenue 2,106 1,175 3,281 Cost of sales (15) - (15) Operating expenses (1,512) (1,572) (3,084) Operating profit/(loss) 579 (397) 182 Investment revenue 2 3 5 Depreciation on property, plant and equipment (17) (4) (21) Finance costs - (169) (169) Amortisation of intangible asset (684) - (684) Impairment of goodwill (485) - (485) Loss before tax (605) (567) (1,172) Tax 191 (10) 181 (Loss) for the year from discontinued operations (414) (577) (991) Equity loss on associate discontinued (156) - (156) Loss on sale of Knife Capital (426) - (426) Profit on sale of Grindstone 209 - 209 Comprehensive loss for the year from discontinued operations (787) (577) (1,364)
AFDAWN AR FINAL 2019
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