Page 82 - annualreport2020

AFRICAN DAWN ANNUAL REPORT 2020

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

Credit quality information for financial assets not impaired:

2020 2019
Group R’000 Carrying Carrying
amount Credit Quality amount Credit quality
Cash and cash equivalents 411 High 2,388 High

2020 2019
Company R’000 Carrying Carrying
amount Credit Quality amount Credit quality
Cash and cash equivalents 12 High 7 High

Subsequent to year-end the credit rating was moved from Baa3 to Ba1 for the long-term local currency and foreign currency deposit ratings of the
major banks in South Africa.

Risk on South African banks is considered negligible as all cash deposits are guaranteed by the SA Reserve Bank and banks are financially sound.

Liquidity risk

Group 2020 R’000 Not later 1 month to 3 3 to 12 1 year to 3 More than 3
than 1 month months months years years Total
Borrowings 1,031 381 5,787 4,008 - 11,207
Loans from directors 634 - - - - 634
Trade and other payables 600 398 508 - - 1,506
Lease payables 64 127 524 1,616 - 2,331
2,329 906 6,819 5,624 - 15,678

Group 2019 R’000 Not later 1 month to 3 3 to 12 1 year to 3 More than 3
than 1 month months months years years Total
Borrowings 239 571 6,560 452 - 7,822
Loans from directors 2,820 - - - - 2,820
Trade and other payables 769 160 - - - 929
3,828 731 6,560 452 - 11,571

Company 2020 R’000 Not later 1 month to 3 3 to 12 1 year to 3 More than 3
than 1 month months months years years Total
Borrowings 367 - - - - 367
Loans from directors 634 - - - - 634
Trade and other payables 250 250 643 - - 1,143
1,251 250 643 - - 2,144

Company 2019 R’000 Not later 1 month to 3 3 to 12 1 year to 3 More than 3
than 1 month months months years years Total
Loans from directors 2,820 - - - - 2,820
Trade and other payables 462 - - - - 462
3,282 - - - - 3,282

The short term liquidity obligations will be met through a combination of operations and funding raised per note 31.
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