Page 38 - annualreport2020

AFRICAN DAWN ANNUAL REPORT 2020

Statement of Financial Position as at 29 February 2020

Group Company
Notes 2020 2019 2020 2019
R’000 R’000 R’000 R’000
Assets
Non-Current Assets
Property, plant and equipment 3 1,970 343 6 16
Intangible assets 4 440 554 - -
Loans to Group companies 7 - - - 6,161
Investments in subsidiaries 5 - - 9,822 11,377
2,410 897 9,828 17,554

Current Assets
Loans to Group companies 7 - - 43 3,008
Trade and other receivables 8 9,161 15,387 33 34
Cash and cash equivalents 11 411 2,388 12 7
9,572 17,775 88 3,049
Total Assets 11,982 18,672 9,916 20,603

Equity and Liabilities
Equity
Share capital and share premium 12 324,143 323,323 324,143 323,323
Accumulated loss (327,045) (316,700) (316,442) (306,520)
(2,902) 6,623 7,701 16,803

Liabilities
Non-Current Liabilities
Borrowings 13 4,600 431 - -
Lease liability 15 1,381 - - -
5,981 431 - -

Current Liabilities
Borrowings 13 5,161 6,774 338 409
Lease liability 15 528 - - -
Loans from directors 14 626 2,820 626 2,820
Operating lease liability 15 - 2 - -
Trade and other payables 16 2,588 2,022 1,251 571
8,903 11,618 2,215 3,800
Total Liabilities 14,884 12,049 2,215 3,800
Total Equity and Liabilities 11,982 18,672 9,916 20,603

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