Page 91 - Learn Africa 2021 Annual Report

Learn Africa Plc
Notes to the Financial Statements (cont’d)

For the year ended 31 March 2021

16 Issued share capital and reserves
31-Mar-21 31-Mar-20
$’000 $’000
Authorised shares
1,000,000,000 ordinary shares of 50k each 500,000 500,000
Ordinary shares issued and fully paid
771,450 ordinary shares of 50k each 385,725 385,725

Share premium 1,940,214 1,940,214

Revaluation reserves 67,703 67,703

This relates to revaluation surplus on property, plant and equipment prior to date of
transition to IFRS. Upon disposal, any revaluation reserve relating to a particular asset
sold is transferred to retained earnings.

17 Dividends paid and proposed
31-Mar-21 31-Mar-20
$’000 $’000
Dividends on ordinary shares:
At 1 January
Final dividend for 2020: 5k per share 38,573 115,718
Dividend paid during the year (38,573) (115,718)
- -

18 Trade and other payables

Trade payables 299,900 678,836
Royalties (Note 18.1) 320,397 353,041
Unclaimed dividend (Note 18.2) 133,449 136,824
Withholding tax 34,309 32,129
Customers deposit 1,032 1,884
Deferred income - 4
Sundry creditors 169,976 161,168
Pension 2,446 4,815
Cooperative thrift 475 6,622.00
Statutory deductions 2,931 4,831
Advance payment from the off takers - 113,800
Other payables 10,995 20,951
975,912 1,514,905

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