AFRICAN DAWN ANNUAL REPORT 2019 Notes to the Financial Statements continued Annual Financial Statements For the year ended 28 February 2019 88 Credit quality information for financial assets not impaired: 2019 2018 Group R’000 Carrying amount Credit Quality Carrying amount Credit quality Cash and cash equivalents 2,388 High 429 High 2019 2018 Company R’000 Carrying amount Credit Quality Carrying amount Credit quality Cash and cash equivalents 7 High 55 High Group 2018 R’000 Not later than 1 month 1 month to 3 months 3 to 12 months 1 year to 3 years More than 3 years Total Borrowings 125 583 3,551 4,031 - 8,290 Loans from directors ** 685 - - - - 685 Trade and other payables * 275 514 - - - 789 1,085 1,097 3,551 4,031 - 9,764 Company 2019 R’000 Not later than 1 month 1 month to 3 months 3 to 12 months 1 year to 3 years More than 3 years Total Loans from directors 2,820 - - - - 2,820 Trade and other payables 463 - - - - 463 3,283 - - - - 3,283 Company 2018 R’000 Not later than 1 month 1 month to 3 months 3 to 12 months 1 year to 3 years More than 3 years Total Loans from Group companies - - 2,346 - - 2.346 Loans from directors ** 685 - - - - 685 Trade and other payables * 70 87 - - - 157 755 87 2,346 - - 3,188 Liquidity risk Group 2019 R’000 Not later than 1 month 1 month to 3 months 3 to 12 months 1 year to 3 years More than 3 years Total Borrowings 239 571 6,560 452 - 7,822 Loans from directors 2,820 - - - - 2,820 Trade and other payables 769 160 - - - 929 3,828 731 6,560 452 - 11,571 ** The loans from directors have been reclassified to no later than 1 month as the loans do not have fixed terms so are repayable on demand and are disclosed in the first period they become payable. * The prior year trade and other payables have been reclassified as they included leave pay which has been reclassified to “not a financial instrument”
AFDAWN AR FINAL 2019
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