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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 35. Related parties (continued) Group Company 2016 R’000 2015 R’000 2016 R’000 2015 R’000 Elite (156) (217) - - Nexus 142 196 - - Interest (received)/paid from related parties Afdawn (227) (31) (31) (31) Elite 227 31 31 31 Interest (received)/paid from related parties 50,000,00 shares issued as underwritter @ 8c per share - 4,000 - 4,000 Underwritters fee paid cash - 80 - 80 WJ Groenewald related party transaction Knife Capital Group due dilligence fee - via Makalu Capital Proprietary Limited - 150 - 150 Compensation to key management including directors Compensation 7,253 9,552 - - (A) The directors indicated became directors of the company after the acquisition of Knife Capital. 94 AFRICAN DAWN ANNUAL REPORT 2016


AFRICAN DAWN Annual Report 2016
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