AFRICAN DAWN ANNUAL REPORT 2019 Notes to the Financial Statements continued Annual Financial Statements For the year ended 28 February 2019 Analysis of the statement of profit or loss and other comprehensive income (“SOCI”) 85 The SOCI is analysed below: Group 2019 R’000 Financial assets at amortised cost Liabilities at amortised cost Not a financial instrument Balance SOCI Interest income 9,785 - - 9,785 Interest expense - (1,505) - (1,505) Impairment (2,406) - - (2,406) Group 2018 R’000 Loans and receivables Liabilities at amortised cost Not a financial instrument Balance SOCI Interest income 12,721 - - 12,721 Interest expense - (1,114) - (1,114) Impairment (8,645) - - (8,645) Company 2019 R’000 Financial assets at amortised cost Liabilities at amortised cost Not a financial instrument Balance SOCI Interest income 95 - - 95 Interest expense - - - (580) Impairment 688 - - 688 Company 2018 R’000 Loans and receivables Liabilities at amortised cost Not a financial instrument Balance SOCI Interest income 94 - - 94 Interest expense - (63) - (63) Impairment (7,110) - - (7,110) Credit risk Maximum exposure The amount that best represents the Group’s maximum exposure to credit risk is as follows: • Granting of loans and receivables to customers and other parties - the maximum exposure to credit risk is the carrying amount of the related financial assets. (I.e. net of any impairment losses recognised in accordance with IFRS 9). • Placing deposits with banks - the maximum exposure to credit risk is the carrying amount of the related financial assets.
AFDAWN AR FINAL 2019
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