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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

Analysis of the statement of profit or loss and other comprehensive income (“SOCI”)

The SOCI is analysed below:

Group 2020 R’000 Financial assets
at amortised Liabilities at Not a financial
cost amortised cost instrument Balance SOCI
Interest income 9,058 - - 9,058
Interest expense - (1,201) - (1,201)
Impairments (1,052) - - (1,052)
Bad debts written off (721) - - (721)

Group 2019 R’000 Financial assets
at amortised Liabilities at Not a financial
cost amortised cost instrument Balance SOCI
Interest income 9,785 - - 9,785
Interest expense - (1,505) - (1,505)
Impairments (1,249) - - (1,249)

Bad debts written off (1,157) - - (1,157)

Company 2020 R’000 Financial assets
at amortised Liabilities at Not a financial
cost amortised cost instrument Balance SOCI
Interest income - - - -
Interest expense - (126) - (126)
Impairments (4,447) - (1,555) (6,002)

Bad debts written off (330) - - (330)

Company 2019 R’000 Financial assets
at amortised Liabilities at Not a financial
cost amortised cost instrument Balance SOCI
Interest income 95 - - 95
Interest expense - (517) (63) (580)
Impairments (442) - - (442)
Bad debts written off - - - -

Credit risk

Maximum exposure

The amount that best represents the Group’s maximum exposure to credit risk is as follows:
• Granting of loans and receivables to customers and other parties - the maximum exposure to credit risk is the carrying amount of the
related financial assets. (I.e. net of any impairment losses recognised in accordance with IFRS 9).
• Placing deposits with banks - the maximum exposure to credit risk is the carrying amount of the related financial assets.

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