Page 57 - annualreport2020

AFRICAN DAWN ANNUAL REPORT 2020

Notes to the Financial Statements continued
Annual Financial Statements For the year ended 29 February 2020

Reconciliation of property, plant and equipment - Company – 2020 R’000

Opening Closing
balance Additions Disposals Depreciation Balance
Furniture and fixtures 16 - - (10) 6
16 - - (10) 6

Reconciliation of property, plant and equipment - Company – 2019 R’000

Opening Closing
balance Additions Disposals Depreciation Balance
Furniture and fixtures 35 - - (19) 16
IT equipment 1 - - (1) -
36 - - (20) 16

4. Intangible assets

Group 2020 2019
R’000 R’000
Accumulated Accumulated
amortisation amortisation
and Carrying and Carrying
Cost impairment amount Cost impairment amount
Micro finance software 1,026 (637) 389 1,026 (573) 453
YueDilligence software development 332 (281) 51 332 (231) 101
Total 1,358 (918) 440 1,358 (804) 554

Refer to note 29 in regards to a change in estimated useful life of the asset.

Reconciliation of intangible assets - Group - 2020

Business
Opening combinations Closing
balance note 9 Additions Amortisation balance
Micro finance software 453 - - (64) 389
YueDilligence software development 101 - - (50) 51
554 - - (114) 440

Reconciliation of intangible assets - Group - 2019

Business
Opening combinations Closing
balance note 9 Additions Amortisation balance
Micro finance software 472 - 40 (59) 453
SME Snapshot software development 242 (242) - - -
YueDilligence software development 207 - - (106) 101
921 (242) 40 (165) 554

The remaining useful life of the micro finance software is 6 years.
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