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AFRICAN DAWN Annual Report 2016

Statement of Profit or Loss and Other Comprehensive Income Group Company Notes 2016 R ‘000 2015 R ‘000 2016 R ‘000 2015 R ‘000 Operations Revenue 22 37,329 40,149 811 52 Cost of sales (839) (268) - - Gross profit 36,490 39,881 811 52 Other income 23 3,910 7,417 2,092 1,678 Operating expenses (42,836) (65,508) (8,729) (28,384) Operating loss 24 (2,436) (18,210) (5,826) (26,654) Investment income 25 346 735 256 700 Impairment of investment in subsidiaries 6 - - - (2,710) Profit/(Loss) on fair value movement - contingent consideration liability 18 2,000 (2,000) 2,000 (2,000) Impairment of investment in subsidiary Candlestick Park Investment Proprietary Limited - - - (5,279) Deemed interest expense 26 (552) (110) (92) - Impairment to properties in possession 9 (3,284) (1,500) - - (Loss) from equity accounted investment - (2,259) - - Finance costs 27 (3,018) (8,633) (585) (3,609) Loss before taxation (6,944) (31,977) (4,247) (39,552) Taxation 28 34 (1,035) - - Loss from Operations (6,910) (33,012) (4,247) (39,552) Loss attributable to: Owners of the parent: Operations (6,910) (33,012) (4,247) (39,552) (6,910) (33,012) (4,247) (39,552) Earnings per share from operations Basic and diluted loss per share (c) 41 (0.79) (3.84) - - AFRICAN DAWN ANNUAL REPORT 2016 33


AFRICAN DAWN Annual Report 2016
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