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AFRICAN DAWN 2015 Annual Report

Notes to the Financial Statements continued Group Company 2015 R’000 2014 R’000 AFRICAN DAWN 98 ANNUAL REPORT 2015 2015 R’000 2014 R’000 31. Auditors’ remuneration Fees 861 735 596 349 Tax and secretarial services 36 - - - 897 735 596 349 32. Operating leases There are no contingent rentals or sublease agreements. All the leases relate to premises in Gauteng and Kwazulu Natal includ-ing micro finance front offices. Future minimum operating lease payments are as follows: - Within one year - 2.088 - 1,862 33. Loss from discontinued operations African Dawn Debt Management Proprietary Limited - (1,983) - - African Dawn Debt Management During the 2014 financial year African Dawn Debt Management failed to secure sufficient mandates to make the business viable so management took the decision to cease operations in the subsidiary. This was completed in September 2013. The discontinued operation is summarised below: Discontinued operations statement of profit or loss and other comprehensive income Revenue - 497 - - Employee costs - (2,122) - - Other expenses - (358) - - Loss before taxation - (1,983) - - Taxation - - - - Loss for the year - (1,983) - -


AFRICAN DAWN 2015 Annual Report
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