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AFRICAN DAWN 2015 Annual Report

Statement of Profit or Loss and Other Comprehensive Income Group Company Notes 2015 R ‘000 Restated 2014 R ‘000 AFRICAN DAWN 37 ANNUAL REPORT 2015 2015 R ‘000 2014 R ‘000 Continuing operations Revenue 24 40,149 35,736 52 361 Cost of sales (268) - - - Gross profit 39,881 35,736 52 361 Other income 25 7,417 959 1,678 14 Operating expenses (65,508) (55,496) (28,384) (4,028) Operating loss 26 (18,210) (18,801) (26,654) (3,653) Investment income 27 735 80 700 7 Impairment of investment in subsidiaries 6 - - (2,710) - Loss on fair value movement - contingent consideration liability 37 (2,000) (2,000) - Impairment of investment in subsidiary 6 - (5,279) - Deemed interest expense 28 (110) - - - Impairment to properties in possession (1,500) - - - (Loss)/profit from equity accounted investment 7 (2,259) 1,472 - - Loss on non-current assets held for sale 15 - (311) - - Finance costs 29 (8,633) (3,863) (3,609) (185) Loss before taxation (31,977) (21,423) (39,552) (3,831) Taxation 30 (1,035) (407) - - Loss from continuing operations Discontinued operations (33,012) (21,830) (39,552) (3,831) Loss from discontinued operations 33 - (1,983) - - Loss for the year (33,012) (23,813) (39,552) (3,831) Loss attributable to: Owners of the parent: Continuing operations (33,012) (21,830) (39,552) (3,831) Discontinued operations - (1,983) - - (33,012) (23,813) (39,552) (3,831) From continuing and discontinued operations Basic and diluted loss per share (c) 48 (3.84) (4.48) - - From continuing operations Basic and diluted loss per share (c) 48 (3.84) (4.11) - - From discontinued operations Basic and diluted loss earnings per share (c) 48 - (0.37) - -


AFRICAN DAWN 2015 Annual Report
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