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AFRICAN DAWN 2015 Annual Report

Notes to the Financial Statements continued 44. Risk management (continued) AFRICAN DAWN 117 ANNUAL REPORT 2015 Company 2015 Loans and receivables Liabilities at amortised cost Not a financial instrument Balance statement of financial position Property, plant and equipment - - 183 183 Investment in subsidiaries - - 15,877 15,877 Loans to group companies current 26,896 - - 26,896 Trade and other receivables 1,096 - - 1,096 Cash and cash equivalents 10,608 - - 10,608 Share capital and share premium - - (313,943) (313,943) Accumulated income - - 287,491 287,491 Loans to directors non-current - (1,535) - (1,535) Loans from group companies - (6,932) - (6,932) current Current tax liability - - (7,805) (7,805) Borrowings current - (1,658) - (1,658) Loans from directors current - (3,777) - (3,777) Operating lease liability - - (23) (23) Trade and other payables - (883) (5,595) (6,478) Company 2014 Loans and receivables Liabilities at amortised cost Not a financial instrument Balance statement of financial position Property, plant and equipment - - 85 85 Investments in subsidiaries - - 8,601 8,601 Loans to group companies current 46,473 - - 46,473 Trade and receivables 2,151 - - 2,151 Cash and cash equivalents 397 - - 397 Share capital and share premium - - (284,634) (284,634) Accumulated loss - - 247,939 247,939 Loans from group companies - (6,943) - (6,943) current Current tax payable - (6,728) - (6,728) Borrowings current - (1,663) - (1,663) Operating lease liabilities - (174) - (174) Trade and other payables - (1,792) (3,712) (5,504) The Group has not: • Applied hedge accounting; • Designated any financial instruments as at fair value through profit and loss; • Reclassified any financial instruments; • Offset any financial instruments; or • Derecognised any financial instruments other than when they have been written off because they are not recoverable. Collateral • The Group holds cessions and sureties as security on certain trade debtors. The Group also holds cash security deposits on property rentals agreements. • None of the security has been ceded to other parties during the financial year.


AFRICAN DAWN 2015 Annual Report
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