| NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS l NOTE 15 |
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2014
R’000 |
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2013
R’000 |
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| 15. |
OPERATING LOSS |
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The following items have been charged/(credited), in arriving at operating loss: |
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Acquisition-related costs |
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2 901 |
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98 |
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Audit fees – other |
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867 |
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474 |
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Audit fees – services as auditors |
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5 217 |
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4 205 |
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Consulting fees |
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7 147 |
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3 968 |
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Dividend received** |
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(10 107) |
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— |
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Foreign exchange profit** |
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(2 908) |
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(95) |
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Impairment of loans and investments* |
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30 136 |
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61 323 |
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Insurance |
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1 041 |
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1 118 |
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Legal fees |
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623 |
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|
432 |
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Management fees received** |
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(79 944) |
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(107 380) |
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Operating lease rentals – premises |
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(1 826) |
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(484) |
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Rental paid |
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11 871 |
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11 871 |
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Rental recovery |
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(13 697) |
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(12 355) |
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Overseas travel |
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1 671 |
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1 578 |
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Profit on disposal of property, plant and equipment** |
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(23) |
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(73) |
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Repairs and maintenance |
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1 |
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6 |
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| * |
An impairment loss of R30.1 million (2013: R54.7 million) was recognised in the current year relating to the impairment of
related party loans in line with our stated accounting policies (refer to ). The related party loans have been fully
impaired due to the continuing trading losses in these entities which are not considered to be immediately recoverable.
In the prior year an impairment loss of R6.3 million was recognised on a loan to a third party. |
| ** |
Included in other income. |
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| NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS l NOTE 15 |
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