Interfront 2023 Annual Report

International Frontier Technologies SOC Ltd Trading as Interfront Financial Statements for the year ended 31 March 2023 98 INTERFRONT ANNUAL REPORT 2023 Statement of Financial Position AS AT 31 MARCH 2023 Assets Figures in rand Note(s) 2023 2022 Assets Current assets Income tax receivable 4 739 279 – Receivables from exchange transactions 5 11 294 635 4 188 003 Cash and cash equivalents 6 52 158 925 57 724 100 64 192 839 61 912 103 Non‑current assets Property, plant and equipment 7 9 600 173 6 756 276 Intangible assets 8 3 711 298 11 548 817 Deferred tax 9 3 557 120 81 579 16 868 591 18 386 672 Total assets 81 061 430 80 298 775 Liabilities Figures in rand Note(s) 2023 2022 Liabilities Current Liabilities Current tax payable – 1 115 Operating lease liability 10 302 805 67 018 Payables from exchange transactions 11 16 663 770 13 915 826 VAT payable 12 1 533 230 942 198 Provisions 13 11 098 295 3 812 855 29 598 100 18 739 012 Non‑current liabilities Operating lease liability 10 528 604 831 409 Total liabilities 30 126 704 19 570 421 Net assets 50 934 726 60 728 354 Share capital/contributed capital 14 1 1 Accumulated surplus 50 934 725 60 728 353 Total net assets 50 934 726 60 728 354