Page 183 - Adopt-a-School Foundation 2016-2017 Annual Report

ADOPT-A-SCHOOL FOUNDATION NPC
NOTES TO THE ANNUAL FINANCIAL STATEMENTS
for the year ended 30 June 2017

Figures in Rands 2017 2016
R R
12. other gains/(losses)

Fair value gains/(loss) on financial assets at fair value through profit or loss
- Sandvik Mining (400 000) (1 132 548)
- OTGC Investment 1 634 170 (38 463)
Net foreign exchange loss (244 972) (27 827)
989 198 (1 198 838)
13. cash generated from operating Activities

(Loss)/profit for the year (1 224 387) 889 622
Adjustments for:
Depreciation 486 981 627 642
Non cash donation - -
Interest received (1 480 213) (1 826 219)
Fair value (loss)/profit (1 234 170) 1 171 010
Unrealised profit on foreign exchange 244 972 27 827
Movements in working capital:
Decrease in deferred revenue (5 629 192) (2 549 683)
Decrease/increase in accounts receivable 65 830 (585 093)
Decrease/increase in accounts payable (194 654) 177 853
(8 964 833) (2 067 041)
14. Related parties

key management
Key management consists of directors as listed in the directors report.

Related party transactions
All transactions with related parties have been disclosed below.
Dr. Thokoana James Motlatsi is a related party as he is a director of the Foundation.

Donations from director: Dr. Thokoana James Motlatsi 1 055 000 160 000
Cyril Ramaphosa Foundation (CRF) is a related party as there is a common founder between the organisations.

Donations from Cyril Ramaphosa Foundation (CRF) 5 046 285 3 000 000

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