Interfront Annual Report 2022

PART E: FINANCIAL INFORMATION 101 International Frontier Technologies SOC Ltd Trading as Interfront Financial Statements for the year ended 31 March 2022 14. Share Capital Authorised 1000 Ordinary shares of R1 each 1 000 1 000 Reconciliation of the number of shares issued: Reported as at 01 April 2021 1 1 999 unissued ordinary shares are under the control of the Board in terms of the Memorandum of Incorporation. Issued Ordinary 1 1 Share capital is fully paid and has no restrictions. 15. Shareholder’s Loan The loan was unsecured, bears no interest and has no fixed terms of repayment. The loan was repaid in full in the prior year. Shareholder’s Loan Opening balance - 12 595 853 Payment of Shareholder's loan - (12 595 853) Shareholder's loan recognised in equity - - Figures in Rand 2022 2021