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AFRICAN DAWN 2015 Annual Report

Notes to the Financial Statements continued 46. Segment report (continued) 2014 Investment advisory and investment management R’000 Micro finance R’000 Rentals of properties in possession R’000 AFRICAN DAWN 125 ANNUAL REPORT 2015 Other R’000 Total R’000 Revenue external - 28,856 5,109 1,771 35,736 Other income - 922 20 17 959 Investment income - 2 2 76 80 Finance costs - 2,739 889 235 3,863 Operating expenses - 36,398 2,866 16,232 55,496 Impairment trade and other - 16,916 247 8,804 25,967 receivables (refer to note 12) Bad debts actually written off - 922 121 340 1,383 Equity accounted profit - 1,472 - - 1,472 Loss on sale of non-current assets - - - 311 311 held for sale Depreciation and amortisation - 548 - 55 603 (Loss)/profit before taxation - (7,885) 1,375 (14,913) (21,423) Taxation - - 406 1 407 Discontinued operations - - - 1,966 1,966 Total comprehensive profit/(loss) - (7,885) 969 (16,880) (23,796) Segment total assets - 51,307 22,403 22,715 96,425 Segment total liabilities - 46,502 23,449 (6,640) 63,311 Property, plant and equipment - 549 - - 549 acquired Intangible assets acquired - 1,262 - - 1,262 47. Guarantees The Company has provided a guarantee to National Housing Finance Corporation for a loan facility of R25 million provided to Elite. The outstanding balance on the loan as at 28 February 2015 was R3.5 million (2014 R4.5 million). In terms of the guarantee Afdawn will assume responsibility for the loan if Elite defaults on the loan. 48. Loss per share Basic and diluted loss per share Basic loss per share and diluted loss per share are calculated by dividing the loss attributable to equity holders of the Company by the weighted average number of ordinary shares in issue during the year excluding ordinary shares held as treasury shares (refer to note 16).


AFRICAN DAWN 2015 Annual Report
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