Interfront Annual Report 2022

PART E: FINANCIAL INFORMATION 82 International Frontier Technologies SOC Ltd Trading as Interfront Financial Statements for the year ended 31 March 2022 STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2022 Figures in Rand Note(s) 2022 2021 Restated* Assets Current Assets Statutory receivable 3 - 366 590 Receivables from Exchange Transactions 4 4 188 003 4 474 535 Cash and Cash Equivalents 5 57 724 100 55 757 374 61 912 103 60 598 499 Non-Current Assets Property Plant and Equipment 6 6 756 276 5 804 468 Intangible Assets 7 11 548 817 19 799 871 Deferred Tax 12 81 579 - 18 386 672 25 604 339 Total Assets 80 298 775 86 202 838 Liabilities Current Liabilities Current tax payable 3 1 115 - Operating lease liability 11 67 018 - Payables from Exchange Transactions 8 13 915 828 11 675 587 VAT payable 9 942 198 819 392 Provisions 10 3 812 855 3 679 735 18 739 014 16 174 714 Non-Current Liabilities Operating lease liability 11 831 409 769 439 Deferred Tax 12 - 2,146,366 831,409 2,915,805 Total Liabilities 19,570,423 19,090,519 Net Assets 60,728,352 67,112,319 Share Capital/Contributed Capital 14 1 1 Accumulated surplus 60,728,351 67,112,318 Total Net Assests 60,728,352 67,112,319