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AFRICAN DAWN Annual Report 2016

Statement of Financial Position Group Company Notes 2016 R ‘000 2015 R ‘000 2016 R ‘000 2015 R ‘000 Assets Non-Current Assets Property, plant and equipment 3 879 937 129 183 Goodwill 4 8,076 8,076 - - Intangible assets 5 5,155 6,479 - - Investments in subsidiaries 6 - - 15,877 15,877 Deferred tax 8 381 - - - 14,491 15,492 16,006 16,060 Current Assets Other financial assets 7 312 724 - - Properties in possession 9 18,247 22,968 - - Loans to group companies 10 - - 26,723 26,896 Trade and other receivables 11 35,981 39,835 107 1,096 Current tax receivable 12 - - - - Cash and cash equivalents 13 3,005 15,397 788 10,608 57,545 78,924 27,618 38,600 Total Assets 72,036 94,416 43,624 54,660 Equity and Liabilities Equity Share capital and share premium 14 313,943 313,943 313,943 313,943 Accumulated loss (291,442) (284,532) (291,738) (287,491) 22,501 29,411 22,205 26,452 Liabilities Loans from directors 18 - 1,535 - 1,535 Deferred tax 8 1,125 1,365 - - Borrowings 15 7,829 13,298 - - Finance lease liabilities 16 - 60 - - 8,954 16,258 - 1,535 Current Liabilities Loans from group companies 10 - - 6,929 6,932 Current tax payable 12 15,054 14,840 8,220 7,805 Borrowings 15 12,524 17,782 - 1,658 Finance lease liabilities 16 19 122 - - Loans from directors 18 487 3,777 487 3,777 Operating lease liability 19 28 23 28 23 Trade and other payables 20 12,469 11,729 5,755 6,478 Deferred income 21 - 474 - - 40,581 48,747 21,419 26,673 Total Liabilities 49,535 65,005 21,419 28,208 Total Equity and Liabilities 72,036 94,416 43,624 54,660 32 AFRICAN DAWN ANNUAL REPORT 2016


AFRICAN DAWN Annual Report 2016
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