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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 Group Company 2016 R’000 Loan Balance 2015 R’000 Present Value Adjustment (refer to notes 26) 2016 R’000 2015 R’000 Deemed interest (refer to note 26) Balance 15. Borrowings (continued) COMPANY 2016 R’000 National Housing Finance Corporation (“NHFC”) - Loan Guarantee (D) The loan is unsecured, interest free and was repaid by 30 September 2015. - - - - - - - - Loan Balance Present Value Adjustment (refer to notes 26) Deemed interest (refer to note 26) Balance COMPANY 2015 R’000 National Housing Finance Corporation (“NHFC”) - Loan Guarantee (D) The loan is unsecured, interest free and is to be repaid by 30 September 2015 1,750 (92) - 1,658 1,750 (92) - 1,658 Non-current liabilities At amortised cost 7,829 13,758 - - Present value and interest adjustments - (460) - - 7.829 13,298 - - Current liabilities At amortised cost 12,524 17,874 - 1,750 Present value and interest adjustments - (92) - (92) 12,524 17,782 - 1,658 20,353 31,080 - 1,658 78 AFRICAN DAWN ANNUAL REPORT 2016


AFRICAN DAWN Annual Report 2016
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