AFRICAN DAWN ANNUAL REPORT 2019 Notes to the Financial Statements continued Annual Financial Statements For the year ended 28 February 2019 92 2018 Group Investment advisory and investment management R’000 Micro finance R’000 Rentals of properties in possession R’000 Head office R’000 Total R’000 Revenue * 172 17,214 - 23 17,409 Other income - 373 - 1,226 1,599 Investment income 19 8 - - 27 Finance costs 6 1,138 - (30) 1,114 Operating expenses 634 20,718 - 9,679 31,031 Impairment trade and other receivables - (7,718) - (3,596) (11,314) Bad debts actually written off - 12,249 - 7,710 19,959 Gain on SARS settlement - - - 11,809 11,809 Depreciation and amortisation 109 622 - 38 769 Profit/(loss) before taxation (449) (4,228) - 3,376 (1,301) Taxation - (4) - - (4) Discontinued operations (787) - (577) - (1,364) Total comprehensive (1,236) (4,224) (577) 3,376 (2,661) Segment total assets 977 17,804 53 5,793 24,627 Segment total liabilities 329 9,641 46 6,607 16,623 Intangible assets acquired 241 206 - - 447 Goodwill aquired 211 - - - 211 Property, plant and equipment acquired - 17 - - 17 * Revenue of (R33,000) of has been reclassified from Other to Micro finance as it related to discount allowed that should have been allocated to Micro finance segment refer to Note 21. The cost of sales and deemed interest were also reclassified as operating expenses refer to Note 35. 39. Loss per share Basic loss per share Basic loss per share are calculated by dividing the loss attributable to equity holders of the company by the weighted average number of ordinary shares in issue during the year. Basic and diluted loss per share 2019 2018 C C From continued operations (c per share) (33.5) (5.9) From discontinued operations (c per share) - (6.2) (33.5) (12.1) Reconciliation of loss for the year to basic loss Loss from continued operations (9,393) (1,297) Loss from discontinued operations - (1,364) Basic loss per share (9,393) (2,661)
AFDAWN AR FINAL 2019
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