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AFRICAN DAWN Annual Report 2016

Notes to the Financial Statements Annual Financial Statements For the year ended 29 February 2016 37. Risk management Risk (continued) continued Management of risk Cashflow is monitored very closley on a continuous basis. Credit risk is very closley managed in accordance with the basis as disclosed in the accounting policy 1.16. Analysis of the statement of financial position No financial instruments are classified as held to maturity, available for sale or at fair value through profit and loss. The statement of financial position is analysed in the table below: Group 2016 R’000 Loans and receivables Liabilities at amortised cost Not a financial instrument Balance statement of financial position Property, plant and equipment - - 879 879 Goodwill - - 8,076 8,076 Intangible assets - - 5,155 5,155 Other financial assets current 312 - - 312 Properties in possession 18,247 - - 18,247 Trade and other receivables 35,836 - 145 35,981 Cash and cash equivalents 3,005 - - 3,005 Share capital and share premium - - (313,943) (313,943) Accumulated loss - - 291,442 291,442 Loans from directors non-current - - - - Deferred tax - - (744) (744) Borrowings non-current - (12,524) - (12,524) Finance lease liabilities non-current - - - - Current tax payable - - (15,054) (15,054) Borrowings current - (7,829) - (7,829) Finance lease liabilities current - (19) - (19) Loans from directors current - (487) - (487) Operating lease liability - - (28) (28) Trade and other payables - (6,531) (5,938) (12,469) Deferred income - - - - AFRICAN DAWN ANNUAL REPORT 2016 97


AFRICAN DAWN Annual Report 2016
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