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AFRICAN DAWN 2015 Annual Report

Notes to the Financial Statements continued 46. Segment report (continued) This segment consists of a residential complex with 76 units (a mix of 2 and 3 bedrooms), that are rented out on annual leases to individuals. AFRICAN DAWN 124 ANNUAL REPORT 2015 • Other Other consists of the holding company together with other smaller entities not dealt with in other segments. Segment information has been restated to comply with the segments identified above. All the segments operate only in South Africa, largely in the Gauteng and Western Cape provinces therefore no geographical information is provided. Similarly all non-current assets are in South Africa. 2015 Investment advisory and investment management R’000 Micro finance R’000 Rentals of properties in possession R’000 Other R’000 Total R’000 Revenue external 8,891 25,241 5,346 671 40,149 Revenue internal - - - - - Cost of sales 268 - - - 268 Other income - 2,406 77 4,934 7,417 Investment income 30 1 2 702 735 Finance costs 2 2,590 818 5,223 8,633 Operating expenses 5,836 42,249 2,848 14,575 65,508 Impairment trade and other - 11,400 370 1,229 12,999 receivables (refer to note 12) Bad debts actually written off - 14,007 157 42,547 56,711 Fair value adjustments - - 2,000 2,000 Deemed interest expense - 145 - (35) 110 Equity accounted loss - 2,259 - - 2,259 Loss on sale of non-current assets - 11 - 70 81 Loss on call up of NHFC - - - 3,750 3,750 guarantee(refer to note 26) Depreciation and amortisation 33 875 - 1,274 2,182 Impairment of intangible assets - 1,150 - - 1,150 Profit/(loss) before taxation 2,804 (19,595) 259 (15,445) (31,977) Taxation 781 - 498 (244) 1,035 Discontinued operations - - - - - Other comprehensive income - - - - - Total comprehensive profit/(loss) 2,023 (19,595) (239) (15,201) (33,012) Segment total assets 4,617 32,173 20,886 36,740 94,416 Segment total liabilities 2,377 46,557 22,171 (6,100) 65,005 Intangible assets acquired - - - 6,543 6,543 Goodwill - - - 8,076 8,076 Property, plant and equipment 81 44 1 220 346 acquired


AFRICAN DAWN 2015 Annual Report
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