Page 87 - annualreport2020

AFRICAN DAWN ANNUAL REPORT 2020

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

2020 Group Investment
advisory and
investment
management Micro finance Head office Total
R’000 R’000 R’000 R’000
Revenue 159 11,547 329 12,035
Other income - 312 21 333
Investment income - 4 - 4
Finance costs - 1,075 126 1,201
Impairment trade and other receivables - 2,104 - 2,104
Impairment trade and other receivables reversed - (1,052) - (1,052)
Bad debts actually written off - 392 329 721
Employee costs - 7,182 622 7,804
Depreciation - 717 10 727
Operating expenses 177 8,172 2,863 11,212
(Loss) before taxation (18) (6,727) (3,600) (10,345)
Taxation - - - -
Total comprehensive loss (18) (6,727) (3,600) (10,345)
Segment total assets 75 11,830 77 11,982
Segment total liabilities 4 12,667 2,213 14,884
Property, plant and equipment acquired - 557 - 557

2019 Group Investment
advisory and
investment
management Micro finance Head office Total
R’000 R’000 R’000 R’000
Revenue 144 13,191 - 13,335
Other income - 257 381 638
Investment income - 3 1 4
Finance costs - 1,020 485 1,505
Impairment trade and other receivables - 1,249 - 1,249
Bad debts actually written off 3 1,115 39 1,157
Loss on sale of subsidiary - - 181 181
Employee costs - 7,569 623 8,192
Depreciation - 38 21 59
Operating expenses 276 7,334 3,407 11,017
Profit/(loss) before taxation (135) (4,874) (4,374) (9,383)
Taxation (27) - 17 (10)
Total comprehensive loss (162) (4,874) (4,357) (9,393)
Segment total assets 104 15,095 3,473 18,672
Segment total liabilities 5 8,247 3,797 12,049
Intangible assets acquired - 40 - 40
Property, plant and equipment acquired - 2 - 2

The 2019 segment report has been split into more detailed to match the income statement changes for material items.

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