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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

Related party balances Group Group Company Company
2020 2019 2020 2019
R’000 R’000 R’000 R’000
Loan accounts - Owing (to) by related parties
Peregrine Financial Services Holdings Limited (932) (4,031) - -
Makalu Capital Proprietary Limited - (397) - (397)
Shockproof Investments Proprietary Limited - (12) - (12)
Arvesco 153 Proprietary Limited (338) - (338) -

Outstanding loans to directors and key management
WJ Groenewald - (428) - (428)
G Hope (646) (2,392) (626) (2,392)
DS Danker (350) - - -
DD Breedt (70) - - -
JC Breedt (630) (605) - -

Related party transactions
Administration fees (received from) paid to related parties
Shockproof Investments Proprietary Limited - (3) - -
Makalu Capital Proprietary Limited 360 (1) - -

Interest (received)/paid from related parties
Elite Group Proprietary Limited - - - 95
G Hope 49 301 49 301
WJ Groenewald - 75 - 75
DS Danker 63 - - -
DD Breedt 10 - - -
JC Breedt 134 111 - -
Arvesco 153 Proprietary Limited 38 27 38 20
Shockproof Investments Proprietary Limited - 17 - 12
Makalu Capital Proprietary Limited - 51 - 45

Impairment of group loans refer to note 7
Compensation to key management including directors
Compensation 1,265 1,289 408 432

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