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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 9. Properties in possession Group Company 2016 R’000 2015 R’000 2016 R’000 2015 R’000 Almika Properties 81 Proprietary Limited, Benoni, Gauteng 5,312 6,749 - - Greenoaks - Centurion, Gauteng 44,415 44,415 - - Greenoaks - PTF3 share of property (16,174) (16,174) - - 33,553 34,990 - - Impairment (15,306) (12,022) - - Carrying amount 18,247 22,968 - - Reconciliation of movement 2016 Almika Greenoaks Opening balance asset 6,749 44,415 - - Sold (1,437) - - - PTF3 share of Greenoaks - (16,174) - - Impairment (3,609) (11,697) - - 1,703 16,544 - - Reconciliation of movement 2015 Almika Greenoaks Opening balance asset 7,029 44,415 - - Sold (280) - - - PTF3 share of Greenoaks - (16,174) - - Impairment (3,609) (8,413) - - 3,140 19,828 - - AFRICAN DAWN ANNUAL REPORT 2016 69


AFRICAN DAWN Annual Report 2016
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