AFRICAN DAWN ANNUAL REPORT 2019 Notes to the Financial Statements continued Annual Financial Statements For the year ended 28 February 2019 77 Cashflow from financing activities 2019 Group R'000 Borowings non-current Borowings current Directors loans Total Opening balance 4,031 4,259 685 8,975 Cash movements - (787) 2,135 1,348 Borrowings repaid - (4,628) (967) (5,595) Advances on existing - 3,841 3,102 6,943 Advances new current - - - - Total cash movements Non-cash movements (3,600) 3,302 - (298) Transfer of borrowings to current (3,600) 3,600 - - Disposal of subsidiary - (298) - (298) Closing balance 431 6,774 2,820 10,025 2019 Company R'000 Borowings non-current Loans from group companies Directors loans Total Opening balance - ^(9,276) 685 (8,591) Cash movements 606 (329) 2,135 2,412 Borrowings repaid current (945) (2,346) (967) (4,258) Group loans advanced - (398) - (398) Advances on existing current 1,551 2,415 3,102 7,068 Total cash movements Non-cash movements (197) 437 - 240 Offset of directors loans (197) - - (197) IFRS 9 adjustment - 1,130 - 1,130 Movement in impairment - (693) - (693) Closing balance 409 (9,169) 2,820 (5,939) ^ The loans from group companies opening balance has been adjusted to include the loan to group company balances.
AFDAWN AR FINAL 2019
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