AFRICAN DAWN ANNUAL REPORT 2019 Notes to the Financial Statements continued Annual Financial Statements For the year ended 28 February 2019 76 29. Cash used in operations Group Company 2019 2018 2019 2018 R'000 R'000 R'000 R'000 Loss before taxation continued and discontinued operations (9,383) (2,846) (3,923) (3,079) Adjustments for: Depreciation - continued 59 157 21 34 Depreciation - discontinued - 21 - Loss on disposal of property in possession/ property plant and equipment - discontinued - 22 - - Investment income - continued (4) (27) (1) - Investment income - discontinued - (5) - Finance costs - continued 1,505 1,114 580 63 Finance costs - discontinued - 169 - - Loss on sale of Knife Capital - refer to Note 10 - 426 - 2,309 Profit on sale of associate - refer to Note 12 - (209) - (55) Loss on sale of subsidiary - refer to Note 11 181 - - - Reversal of equity accounted acquisition - Non-cash Group loans written down - refer to Note 8 - - - (3,685) Non-cash Impairment adjustment Group loans - refer to Note 8 - - (693) 7,111 Non-cash Impairment goodwill - continued - 211 - - Non-cash Impairment goodwill - discontinued - 485 - Non-cash finance costs (penalties and interest on income tax and vat) - continued - (11,809) - (8,371) Non-cash amortisation (refer to Note 5) - continued 165 610 - - Non-cash amortisation (refer to Note 28) - discontinued - 684 - - Non-cash deemed interest expense - continued (152) (433) - - Non-cash operating lease movement - continued (60) 58 - (5) Non-cash impairment of properties in posession - discontinued - - - - Non-cash impairment of investments - refer to Note 6 - - - 1,675 Non-cash directors loan movement - - - - Non-cash impairment of debtors loss allowance 1,249 8,645 - - Non-cash settlement of debtors 1,157 - - - Changes in working capital: Properties in possession - discontinued - 15,831 - - Trade and other receivables IFRS 9 prior year adjustment 1,130 - - - Trade and other receivables 2,452 568 960 66 Trade and other payables 141 (6,835) 305 (4,355) (1,560) 6,837 (2,751) (8,292)
AFDAWN AR FINAL 2019
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