Synprop 2019 AFS (Unsigned)
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SYNPROP INVESTMENTS (PTY) LTD<br />
(Registration number 2006/018137/07)<br />
Financial Statements for the year ended 28 February <strong>2019</strong><br />
NOTES TO THE FINANCIAL STATEMENTS<br />
<strong>2019</strong> 2018<br />
R<br />
R<br />
7. CASH AND CASH EQUIVALENTS<br />
Cash and cash equivalents consist of:<br />
Bank balances 74 020 87 892<br />
8. SHARE CAPITAL<br />
AUTHORISED<br />
1000 Ordinary shares 1 000 1 000<br />
ISSUED<br />
Ordinary 100 100<br />
9. TRADE AND OTHER PAYABLES<br />
Nedbank bond interest accrued 4 232 -<br />
10. OTHER FINANCIAL LIABILITIES<br />
AT AMORTISED COST<br />
Nedbank - Mortgage bond<br />
Secured loan bearing interest at market related rates over 20 years from 28 August 2008.<br />
Secured by Investment property as per note 3.<br />
Nedbank - Mortgage bond<br />
Secured loan bearing interest at market related rates over 20 years from 28 August 2008.<br />
Secured by Investment property as per note 3.<br />
436 517 499 345<br />
215 283 267 939<br />
651 800 767 284<br />
NON-CURRENT LIABILITIES<br />
At amortised cost 651 800 767 284<br />
11. REVENUE<br />
Rental Income 87 847 119 417<br />
12. FAIR VALUE ADJUSTMENTS<br />
Investment property (Fair value model) - 195 300<br />
13. FINANCE COSTS<br />
Bank 56 093 75 435<br />
17
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