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AFRICAN DAWN 2015 Annual Report

Statement of Financial Position as at 28 February 2015 Group Company Notes 2015 R ‘000 Restated 2014 R ‘000 Restated 2013 R ‘000 AFRICAN DAWN 36 ANNUAL REPORT 2015 2015 R ‘000 2014 R ‘000 2013 R ‘000 Assets Non-Current Assets Property, plant and equipment 3 937 1,042 899 183 85 134 Goodwill 4 8,076 - - - - - Intangible assets 5 6,479 2,844 1,792 - - - Investments in subsidiaries 6 - - - 15,877 8,601 8,601 Investment in associate 7 - 2,259 787 - - - Other financial assets 8 - - 638 - - - 15,492 6,145 4,116 16,060 8,686 8,735 Current Assets Other financial assets 8 724 1,554 300 - - - Properties in possession 10 22,968 24,748 21,335 - - - Loans to group companies 11 - - - 26,896 46,473 49,022 Trade and other receivables 12 39,835 58,525 75,885 1,096 2,151 2,697 Current tax receivable 13 - 95 95 - - - Cash and cash equivalents 14 15,397 5,358 9,014 10,608 397 320 78,924 90,280 106,629 38,600 49,021 52,039 Non-current assets held for sale and discontinued operations 15 - - 4,129 - - - Total Assets 94,416 96,425 114,874 54,660 57,707 60,774 Equity and Liabilities Equity Share capital and share premium 16 313,943 284,634 284,634 313,943 284,634 284,634 Accumulated loss (284,532) (251,520) (227,707) (287,491) (247,939) (244,108) 29,411 33,114 56,927 26,452 36,695 40,526 Liabilities Non-Current Liabilities Loans from directors 20 1,535 - - 1,535 - - Deferred tax 9 1,365 - - - - - Borrowings 17 13,298 8,844 22,366 - - 1,621 Finance lease liabilities 18 60 194 316 - - - 16,258 9,038 22,682 1,535 - 1,621 Current Liabilities Loans from group companies 11 - - - 6,932 6,943 6,958 Current tax payable 13 14,840 17,829 18,365 7,805 6,728 6,728 Borrowings 17 17,782 26,902 7,292 1,658 1,663 - Finance lease liabilities 18 122 87 77 - - - Loans from directors 20 3,777 - - 3,777 - - Operating lease liability 21 23 174 195 23 174 195 Trade and other payables 22 11,729 9,281 9,336 6,478 5,504 4,746 Deferred income 23 474 - - - - - 48,747 54,273 35,265 26,673 21,012 18,627 Total Liabilities 65,005 63,311 57,947 28,208 21,012 20,248 Total Equity and Liabilities 94,416 96,425 114,874 54,660 57,707 60,774


AFRICAN DAWN 2015 Annual Report
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