Page 64

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 23. Operating loss Operating loss for the year is stated after accounting for the following: Operating lease charges Premises • Contractual amounts 448 592 448 592 Equipment • Contractual amounts 68 126 68 126 516 718 516 718 Profit / (Loss) on sale of property, plant and equipment (1) - (1) - Recognition / (Reversal) of impairment on trade and other receivables 6,401 (2,744) (1,175) - Bad debts written off 153 1,829 - - Legal fees 656 2,001 - - Impairment on property, plant and equipment - 110 - 110 Impairment on non current assets held for sale 3,547 - - - Impairments / (Reversal of impairment) 242 654 (2,842)* (391) Loss on sale of non-current assets held for sale 311 - - - Depreciation on property, plant and equipment 61 94 46 86 Employee costs 5,084 4,603 4,744 4,432 *Reversal on impairment of intercompany loans 24. Investment revenue Interest revenue Cash and cash equivalents 77 553 7 96 25. Finance costs Bank 25 21 - - STBR convertible bond interest 185 162 185 162 Nedbank bond interest 889 968 - - Other interest paid 25 24 - - 1,124 1,175 185 162 AFRICAN DAWN 6 1 ANNUAL REPORT 2014


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