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AFRICAN DAWN 2015 Annual Report

Notes to the Financial Statements continued Group Company 2015 R’000 2014 R’000 Current liabilities 474 - - - 474 - - - AFRICAN DAWN 94 ANNUAL REPORT 2015 2015 R’000 2014 R’000 21. Operating lease liability Current liability 23 174 23 174 23 174 23 174 22. Trade and other payables Trade payables 1,343 1,705 159 792 VAT 7,709 5,049 5,595 3,712 Accrued leave pay 1,020 657 108 - Accrued expenses 1,124 1,542 436 1,000 Accrued audit fees 180 - 180 - Deposits received 353 328 - - 11,729 9,281 6,478 5,504 R6,109,000 of the VAT liability of the R7,709,000 is also the subset of the submission to SARS referred to in note 13. 23. Deferred income Deferred income relates to service contracts entered into by Knife Capital which are paid in advance by customers and are only partially completed at year end. 24. Revenue Rendering of services 8,740 812 - 289 Non-interest income (administration fees) 1,718 1,576 - - Rental income (refer to note 10) 5,346 5,109 - - Interest received 23,398 26,575 52 72 Insurance revenue (refer to note 1.20) 947 1,664 - - 40,149 35,736 52 361


AFRICAN DAWN 2015 Annual Report
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