Page 226 - Capricorn IAR 2020

GLOSSARY OF TERMS ANNUAL FINANCIAL GLOSSARY OF TERMS STATEMENTS
NOTES TO THE CONSOLIDATED AND SEPARATE ANNUAL FINANCIAL STATEMENTS (continued)
for the year ended 30 June 2020
18. OTHER ASSETS
Insurance fund asset
Accounts receivable
Receivables from related parties*
Dividends receivable
Clearing and settlement accounts
Prepayments
Other taxes
Inventory**
Derivative financial instruments – interest rate swaps
Less expected credit loss allowance
Net other assets
Current Non-current
Movement in impairment on other assets
Opening balance
IFRS 9 initial adoption
Restated opening balance
Impairment charge for the year Foreign exchange gain
Closing balance
Group
Company
2020 N$’000
175,523
2020 N$’000
54,100
51,125 187,852 – – 224,531 42,654 1,085 46,816 357
85,729
60
–
60,295
–
–
862
–
39,489
1,724
735
–
68,514
–
–
–
398,656
554,420 –
88,375
–
(32,065)
398,656
554,420
56,310
343,356
502,822 51,598
56,310
55,300
–
398,656
554,420
56,310
–
– –
16,303
–
–
–
–
– – –
16,303
16,543
–
(781)
–
–
32,065
2019 N$’000
2019 N$’000
– 70 77,242 – – 104,200 – – –
181,512 (16,303)
165,209
165,209 –
165,209
– 22,395
22,395 –
(6,092) 16,303
224
* Receivables from related parties include loans to Capricorn Capital, Capricorn Hofmeyer and the Share Trust. These loans are unsecured, have no fixed repayment terms and are interest-free. The loan to Capricorn Capital has been subordinated by Capricorn Group to the value of N$ 26.1 million.
** Inventorycomprisesofwork-in-progress.
The notional principal amount of the outstanding interest rate swap contracts, included above and in other liabilities (note 28), at 30 June 2020 was N$173.5 million (2019: N$260.0 million).
Refer to note 3.2.6 for credit quality disclosure of financial instruments included in other assets.