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AFRICAN DAWN Annual Report 2016

continued Notes to the Financial Statements Annual Financial Statements For the year ended 29 February 2016 37. Risk management Risk (continued) Company 2016 Loans and receivables Liabilities at amortised cost Not a financial instrument Balance statement of financial position Property, plant and equipment - - 129 129 Investment in subsidiaries - - 15,877 15,877 Loans to group companies current 26,723 - - 26,723 Trade and other receivables 107 - - 107 Cash and cash equivalents 788 - - 788 Share capital and share premium - - (313,943) (313,943) Accumulated income - - 291,738 291,738 Loans to directors non-current - - - - Loans from group companies current - (6,929) - (6,929) Current tax liability - - (8,220) (8,220) Borrowings current - - - - Loans from directors current - (487) - (487) Operating lease liability - (28) - (28) Trade and other payables - (1,078) (4,677) (5,755) Company 2015 Loans and receivables Liabilities at amortised cost Not a financial instrument Balance statement of financial position Property, plant and equipment - - 183 183 Investment in subsidiaries - - 15,877 15,877 Loans to group companies current 26,896 - - 26,896 Trade and other receivables 1,096 - - 1,096 Cash and cash equivalents 10,608 - - 10,608 Share capital and share premium - - (313,943) (313,943) Accumulated income - - 287,491 287,491 Loans to directors non-current - (1,535) - (1,535) Loans from group companies current - (6,932) - (6,932) Current tax liability - - (7,805) (7,805) Borrowings current - (1,658) - (1,658) Loans from directors current - (3,777) - (3,777) Operating lease liability - - (23) (23) Trade and other payables - (883) (5,595) (6,478) The group has not: a. Applied hedge accounting; b. Designated any financial instruments as at fair value through profit and loss; c. Reclassified any financial instruments; d. Offset any financial instruments; or e. Derecognised any financial instruments other than when they have been written off because they are not recoverable. Collateral f. The group holds cessions and sureties as security on certain trade debtors. The group also holds cash security deposits on property rentals agreements. g. None of the security has been ceded to other parties during the financial year. AFRICAN DAWN ANNUAL REPORT 2016 99


AFRICAN DAWN Annual Report 2016
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