Interfront 2024 Annual Report

A B C D FINANCIAL INFORMATION International Frontier Technologies SOC Ltd Trading as Interfront Financial Statements for the year ended 31 March 2024 STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2024 Assets Figures in rand Note(s) 2024 2023 Assets Current Assets Income tax receivable 191 631 739 279 Receivables from exchange transactions 5 41 384 220 11 294 635 Cash and cash equivalents 6 29 740 368 52 158 925 71 316 219 64 192 839 Non‑Current Assets Property, plant and equipment 7 10 903 376 9 600 173 Intangible assets 8 1 572 280 3 711 298 Deferred tax 9 3 575 323 3 557 120 16 050 979 16 868 591 Total Assets 87 367 198 81 061 430 Liabilities Figures in rand Note(s) 2024 2023 Liabilities Current Liabilities Operating lease liability 10 252 026 302 805 Payables from exchange transactions 11 12 397 509 16 663 770 VAT payable 12 4 615 578 1 533 230 Provisions 13 14 812 639 11 098 295 32 077 752 29 598 100 Non‑Current Liabilities Operating lease liability 10 276 578 528 604 Total Liabilities 32 354 330 30 126 704 Net Assets 55 012 868 50 934 726 Share capital/contributed capital 14 1 1 Accumulated surplus 55 012 867 50 934 725 Total Net Assets 55 012 868 50 934 726