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AFRICAN DAWN ANNUAL REPORT 2020
Notes to the Financial Statements continued
Annual Financial Statements For the year ended 29 February 2020
25. Tax paid
Group Group Company Company
2020 2019 2020 2019
R’000 R’000 R’000 R’000
Balance at beginning of the year - (5,705) - (3,312)
Current tax for the year recognised in profit or loss
discontinued - (10) - -
Adjustment in respect of penalties and interest
raised - 53 - -
- (5,662) - (3,312)
26. Related parties
Relationships
Subsidiaries Refer to note 5
Subsidiaries loan accounts Refer to note 7
Significant shareholder with borrowings Peregrine Financial Services Holding Limited refer note 13
Company controlled by a director providing services to the Group Shockproof Investments Proprietary Limited
Makalu Capital
Arvesco 153 Proprietary Limited
Directors' loans and subsequent change Refer to notes 14
Executive and non-executive directors Refer to directors' report
Key management DD Breedt
Key management close relative JC Breedt
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