AFRICAN DAWN ANNUAL REPORT 2017 Notes to the Financial Statements Annual Financial Statements For the year ended 28 February 2017 continued 79 Company 2016 R’000 Loans and receivables Liabilities at amortised cost Not a financial instrument Balance statement of financial position Property, plant and equipment 129 129 Investments in subsidiaries 15,877 15,877 Loans to group companies 26,723 26,723 Trade and other receivables 107 107 Cash and cash equivalents 788 788 Share capital and share premium (313,943) (313,943) Accumulated loss 291,738 291,738 Loans from groups companies - current (6,929) (6,929) Borrowings non-current Current tax payable (8,220) (8,220) Loans from directors current (487) (487) Operating lease liabilities (28) (28) Trade and other payables (1,078) (4,677) (5,755) The group has not: a. Applied hedge accounting; b. Designated any financial instruments as at fair value through profit and loss; c. Reclassified any financial instruments; d. Offset any financial instruments; or e. Derecognised any financial instruments other than when they have been written off because they are not recoverable. Collateral f. The group holds cessions and sureties as security on certain trade debtors. The group also holds cash security deposits on property rentals agreements. g. None of the security has been ceded to other parties during the financial year. Group 2017 R’000 Carrying amount Security held 8,690 8,208 Group 2016 R’000 Carrying amount Security held 6,199 5,971 h. The group has not taken possession of any collateral it holds in 2017 and 2016.
AFRICAN DAWN 2017
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