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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 25. Investment income Group Company 2016 R’000 2015 R’000 2016 R’000 2015 R’000 Interest revenue Cash and cash equivalents 346 735 256 700 26. Deemed interest 2016 Group borrowings Amount Present value adjustment Deemed interest Balance Sandown Capital Interest free portion loan (A) in note 15 2,905 - 428 3,333 Sandown Capital Elite Two loan (B) in note 15 1,717 (1,169) 32 580 National Housing Finance Corporation ("NHFC") Loan Guarantee (D) in note 15 1,658 (1,750) 92 - 6,280 (2,919) 552 3,913 2016 Company borrowings National Housing Finance Corporation (“NHFC”) Loan Guarantee (D) in note 15 1,658 (1,750) 92 - 1,658 (1,750) 92 - 2015 Group borrowings Amount Present value adjustment Deemed interest Balance Sandown Capital Interest free portion loan (A) in note 15 3,333 (494) 66 2,905 Sandown Capital Elite Two loan (B) in note 15 1,750 (76) 44 1,717 National Housing Finance Corporation ("NHFC") Loan Guarantee (D) in note 15 1,750 (92) - 1,658 6,833 (662) 110 6,280 2015 Company borrowings National Housing Finance Corporation (“NHFC”) Loan Guarantee (D) in note 15 1,750 (92) - 1,658 1,750 (92) - 1,658 84 AFRICAN DAWN ANNUAL REPORT 2016


AFRICAN DAWN Annual Report 2016
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