AFRICAN DAWN ANNUAL REPORT 2019 Notes to the Financial Statements continued Annual Financial Statements For the year ended 28 February 2019 84 Company 2019 R’000 Financial assets at amortised cost Liabilities at amortised cost Not a financial instrument Balance statement of financial position Property, plant and equipment - - 16 16 Investments in subsidiaries - - 11,377 11,377 Loans to Group companies 9,169 - - 9,169 Trade and other receivables - - 34 34 Cash and cash equivalents 7 - - 7 Share capital and share premium - - (323,323) (323,323) Accumulated loss - - 306,520 306,520 Borrowings - (409) - (409) Loans from directors - (2,820) - (2,820) Trade and other payables - (463) (108) (571) Company 2018 R’000 Loans and receivables Liabilities at amortised cost Not a financial instrument Balance statement of financial position Property, plant and equipment - - 36 36 Investments in subsidiaries - - 6,377 6,377 Loans to Group companies 11,622 - - 11,622 Trade and other receivables 984 - 10 994 Cash and cash equivalents 55 - - 55 Share capital and share premium - - (313,943) (313,943) Accumulated loss - - 301,467 301,467 Loans from Groups companies - (2,346) - (2,346) Current tax payable - - (3,312) (3,312) Loans from directors - (685) - (685) Trade and other payables * - (157) (108) (265) Prior period error correction * The trade and other payables included under liabilities at amortised cost included an amount of R916 thousand related to leave pay accrual which should have been classified as a not a financial instrument, instead of liabilities at amortised cost (company R108 thousand). Collateral - The Group holds cessions and sureties as security on certain trade debtors. - None of the security has been ceded to other parties during the financial year. - The group has not taken possession of any collateral it holds in 2019 and 2018.
AFDAWN AR FINAL 2019
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