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AFRICAN DAWN 2015 Annual Report

Notes to the Financial Statements continued 42. Changes to prior year amounts (continued) Reclassifications in the cashflow statement (2014) In 2014 the cash flow statement disclosed cash movements in group loans in the investing activities section. However, the loans are of a financing nature and have therefore been reclassified to financing activities. In 2014 the finance lease movement disclosed in financing activities did not exclude the interest paid which should have been classified in cash generated from operating activities. The interest paid has therefore been reclassified. In 2014 depreciation and amortisation were correctly adjusted as a non-cash flow within one line. In order to permit reconciliation to the relevant notes, these have been split in 2015 and the comparative amounts restated. The effects of the restatements affected most line items in the primary financial statements and are explained further in note 43. The impact of the 2014 restatements on loss and loss per share as well headline loss and headline loss per share is as follows: Loss per share continued operations 2014 Gross amount R’000 AFRICAN DAWN 110 ANNUAL REPORT 2015 Tax effect R’000 EPS effect in cents per share Loss as previously reported (17,126) - (3.37) Adjustments - - - Elite impairment error (A) (6,733) - (1.27) Elite Two error (A) (787) - (0.15) Impairment reclassification (B) 3,547 - 0.67 Reclassification of discontinued operation to continued (731) - (0.14) Elite Cell should be included in discontinued 17 - - Weighted average adjustment for rights issue 2015 (C) - - 0.15 (21,830) - (4.11) Loss per share discontinued operations 2014 Gross amount R’000 Tax effect R’000 EPS effect in cents per share Loss as originally stated (2,714) - (0.53) Elite reclassified into operations (D) 348 - 0.07 Nexus reclassified into operations (D) 383 - 0.07 Weighted average adjustment for rights issue 2015 (C) - - 0.02 (1,983) - (0.37)


AFRICAN DAWN 2015 Annual Report
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