Page 53

AFRICAN DAWN ANNUAL REPORT 14

Notes to the Financial Statements continued Group Company 2014 2013 2014 2013 R '000 R '000 R '000 R '000 6. Loans to (from) group companies Holding company Nexus Personnel Finance Proprietary Limited - - 17,948 18,486 The loan is unsecured, interest free and has no fixed terms of repayment. * African Dawn Social Education Proprietary Limited - - (65) (70) The loan is unsecured, interest free and has no fixed terms of repayment. Bhenka Financial Services Proprietary Limited - - (6,878) (6,888) The loan is unsecured, interest free and has no fixed terms of repayment. African Dawn Property Transfer Finance 2 Proprietary Limited - - 32,203 36,610 The loan is unsecured, interest free and has no fixed terms of repayment. * African Dawn Property Transfer Finance 1 Proprietary Limited - - 7,271 8,502 The loan is unsecured, interest free and has no fixed terms of repayment. * African Dawn Wheels Proprietary Limited - - 494 502 The loan is unsecured, interest free and has no fixed terms of repayment. * African Dawn Kwazulu Natal Proprietary Limited - - 3,170 3,165 The loan is unsecured, interest free and has no fixed terms of repayment. * African Dawn Debt Management Proprietary Limited - - 14,566 12,715 The loan is unsecured, interest free and has no fixed terms of repayment. * Candlestick Park Investments Proprietary Limited - - 137 531 The loan is unsecured, interest free and has no fixed terms of repayment. * Almika Properties 81 Proprietary Limited - - 12 6 The loan is unsecured, interest free and has no fixed terms of repayment. * Elite Group Proprietary Limited - - 21,518 22,212 The loan is unsecured, interest free and has no fixed terms of repayment. African Dawn Wheels Operations Proprietary Limited - - 9 5 The loan is unsecured, interest free and has no fixed terms of repayment. * Amalgum Investments 138 Proprietary Limited - - 7 5 The loan is unsecured, interest free and has no fixed terms of repayment. * Elatiflash Proprietary Limited - - 11 6 The loan is unsecured, interest free and has no fixed terms of repayment. * Albistar Investments Proprietary Limited - - 12 7 The loan is unsecured, interest free and has no fixed terms of repayment. * ABC Cashplus (Randburg) Proprietary Limited - - 9 5 The loan is unsecured, interest free and has no fixed terms of repayment. * - - 90,424 95,799 Impairment of loans - - (50,894) (53,735) Total - - 39,530 42,064 * The loans have been subordinated to the extent that the subsidiaries' liabilities exceeds their assets in favour of other creditors of the subsidiaries for as long as the subsidiaries' liabilities exceeds its assets. Current assets - - 46,473 49,022 Current liabilities - - (6,943) (6,958) - - 39,530 42,064 AFRICAN DAWN 5 0 ANNUAL REPORT 2014


AFRICAN DAWN ANNUAL REPORT 14
To see the actual publication please follow the link above