Page 84

AFRICAN DAWN Annual Report 2016

continued Notes to the Financial Statements Annual Financial Statements For the year ended 29 February 2016 19. Operating lease liability Group Company 2016 R’000 2015 R’000 2016 R’000 2015 R’000 Current liability 28 23 28 23 28 23 28 23 20. Trade and other payables Trade payables 473 1,343 263 159 VAT 5,938 7,709 4,677 5,595 Accrued leave pay 1,055 1,020 100 108 Accrued expenses 4,165 1,124 265 436 Accrued audit fees 450 180 450 180 Deposits received 388 353 - - 12,469 11,729 5,755 6,478 R5,781,412 (2015: 7,709,000) of the VAT liability is also the subset of the submission to SARS referred to in note 12. 21. Deferred income Deferred income relates to service contracts entered into by Knife Capital which are paid in advance by customers and are only partially completed at year end. Current liability - 474 - - - 474 - - 22. Revenue Rendering of services 7,303 8,740 - - Non-interest income (administration fees) 798 1,718 - - Rental income (refer to note 9) 5,315 5,346 - - Interest received 23,878 23,398 811 52 Insurance revenue (refer to note 1.19) 35 947 - - 37,329 40,149 811 52 82 AFRICAN DAWN ANNUAL REPORT 2016


AFRICAN DAWN Annual Report 2016
To see the actual publication please follow the link above