AFRICAN DAWN ANNUAL REPORT 2019 Notes to the Financial Statements continued Annual Financial Statements For the year ended 28 February 2019 This segment consisted of a property that was sold in 2018 and treated as a discontinued operation 91 d. Head office Head office consists of the head office expenses in the holding company together with other entities that previously operated in the bridging finance and vehicles finance industry. The entities have become dormant and the collection of outstanding balances is managed by head office. All the segments operate only in South Africa, largely in the Gauteng and Western Cape provinces therefore no geographical information is provided. Similarly, all non-current assets are in South Africa. 2019 Group Investment advisory and investment management R’000 Micro finance R’000 Head office R’000 Total R’000 Revenue 144 13,191 - 13,335 Other income - 257 381 638 Investment income - 3 1 4 Finance costs - 1,020 485 1,505 Operating expenses 279 17,303 4,092 21,674 Impairment trade and other receivables - 1,249 - 1,249 Bad debts actually written off 3 1,115 39 1,157 Loss on disposal of subsidiary - - (181) (181) Depreciation and amortisation 106 97 21 224 Loss before taxation (135) (4,872) (4,376) (9,383) Taxation (27) - 17 (10) Total comprehensive loss (162) (4,872) (4,359) (9,393) Segment total assets 104 15,095 3,473 18,672 Segment total liabilities 5 8,247 3,797 12,049 Intangible assets acquired - 40 - 40 Property, plant and equipment acquired - 2 - 2
AFDAWN AR FINAL 2019
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