Page 87

AFRICAN DAWN Annual Report 2016

Notes to the Financial Statements Annual Financial Statements For the year ended 29 February 2016 27. Finance costs continued Group Company 2016 R’000 2015 R’000 2016 R’000 2015 R’000 2016 Group borrowings NHFCE interest 415 491 - - Interest on convertible bond - 1,251 - - Interest paid RHLF - 44 - - Finance leases 15 22 - - Bank 34 28 - - Sandown Capital borrowing 880 196 - - STRB convertible bond interest - 265 - 265 Penalties and interest on income tax 938 5,518 585 3,344 Nedbank bond interest 736 818 - - 3,018 8,633 585 3,609 28. Taxation Major components of the tax expense (income) Current Local income tax - current period 442 1,353 - - Local income tax - recognised in current tax 140 95 - - for prior periods 583 1,448 - - Deferred Temporary difference on Knife Capital assessed loss utilized - 54 - - Temporary difference deferred income 54 (77) - - Temporary difference on bad debt provision (136) - - - Temporary difference leave pay accrual 39 (51) - - Temporary difference future assessed losses (205) - - - Originating on amortisation of Knife Capital (369) (339) - - intangible assets (617) (413) - - 34 1,035 - - AFRICAN DAWN ANNUAL REPORT 2016 85


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