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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 10. Loans to/(from) group companies Group Company Loan balance Loan impairment Loan present value adjustment (Refer note 6) Total Subsidiaries Company 2016 R'000 African Dawn Social Education Proprietary Limited * (57) - - (57) Bhenka Financial Services Proprietary Limited * (6,872) - - (6,872) African Dawn Property Transfer Finance 2 Proprietary Limited * 29,913 (14,759) (824) 14,331 Nexus Personnel Finance Proprietary Limited * - - - - African Dawn Property Transfer Finance 1 Proprietary Limited * 6,887 (4,255) (264) 2,368 African Dawn Wheels Proprietary Limited * 345 (257) - 88 African Dawn Kwazulu Natal Proprietary Limited * 3,175 (3,175) - - African Dawn Debt Management Proprietary Limited * 14,229 (14,226) - 3 Candlestick Park Investments Proprietary Limited 149 (149) - - Almika Properties 81 Proprietary Limited * 15 (15) - - Elite Group Proprietary Limited * 22,736 (12,432) (370) 9,934 African Dawn Wheels Operations Proprietary Limited * 13 (13) - - Amalgum Investments 138 Proprietary Limited * 14 (14) - - Elatiflash Proprietary Limited * 16 (16) - - Albistar Investments Proprietary Limited * 18 (18) - - ABC Cashplus (Randburg) Proprietary Limited * 11 (11) - - Knife Capital Proprietary Limited - - - - 70,592 (49,340) (1,458) 19,794 AFRICAN DAWN ANNUAL REPORT 2016 71


AFRICAN DAWN Annual Report 2016
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