AFRICAN DAWN ANNUAL REPORT 2019 Notes to the Financial Statements continued Annual Financial Statements For the year ended 28 February 2019 Reconciliation of weighted average number of ordinary shares used for basic loss per share and headline and diluted headline loss per share 93 2019 ‘000 2018 ‘000 Number of ordinary shares in issue opening 21,925 21,925 Ordinary share is on 7 December 2018 6,094 - Weighted average number of shares used for loss and headline loss per share 28,019 21,925 2019 2018 C C Headline loss per share continued operations (c) (32.8) (5.0) Headline loss per share discontinued operations (c) - (2.9) (32.8) (7.9) Headline loss per share Headline loss from continued operations 2019 R’000 Gross Tax Net Loss from continued operations (9,383) (10) (9,393) Loss on disposal of SME Snapchat 181 - 181 Headline loss from operations (9,202) (10) (9,212) Loss from continued operations (1,301) 4 (1,297) Impairment of goodwill 211 - 211 Headline loss from operations (1,090) 4 (1,086) Headline loss continued operations 2018 R’000 Gross Tax Net Loss from discontinued operations (1,545) 181 (1,364) Loss on sale of Knife Capital 426 - 426 Profit on sale associate (209) - (209) Impairment of goodwill 485 - 485 Loss on disposal of property, plant and equipment 22 - 22 Headline loss from continued operations (821) 181 (640) 40. Restrictions A contract has restrictions in it that limit access to assets by the Group. These restrictions are explained below: 2019 - Existing as at year end Peregrine Financial Services Holdings Limited No amounts can be paid to Afdawn by Elite until all amounts owing to Peregrine Financial Services Holding Limited have been settled. The carrying amount of the liabilities is R4,031million (2018: R5,981million).
AFDAWN AR FINAL 2019
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