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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
34. Restrictions
A contract has restrictions in it that limit access to assets by the Group. These restrictions are explained below:
2020 - Existing as at year end
Peregrine Financial Services Holdings Limited Holdings Proprietary Limited
No amounts can be paid to Afdawn by Elite until all amounts owing to Peregrine Financial Services Holdings Limited have been settled. The
carrying amount of the liabilities is R932 thousand (2019: R4,031 million).
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