| |
| 1. |
These consolidated abridged financial statements
are prepared in accordance with South African Statements of Generally
Accepted Accounting Practice. The accounting policies used in the
preparation of the provisional financial statements are consistent
with those used in the annual financial statements for the 18 months
ended 31 December 2001.
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| |
|
REVIEWED
12 MONTHS
ENDED
31 DECEMBER
2002 |
AUDITED
18 MONTHS
ENDED
31 DECEMBER
2001 |
| 2. |
Revenue |
|
|
| |
Lease rentals, finance charges and interest |
19,7 |
49,5 |
 |
|
|
|
| |
|
19,7 |
49,5 |
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|
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| 3. |
Headline (loss)/earnings |
|
|
| |
(Loss)/Earnings |
(175,0) |
382,6 |
| |
Attributable share of headline earnings adjustments of associate company |
11,4 |
(37,8) |
|
|
|
|
| |
Headline (loss)/earnings |
(163,6) |
344,8 |
|
|
|
|
| |
Weighted average number of shares in issue (million) |
897,8 |
897,8 |
| |
Headline (loss)/earnings per share (cents) |
(18,2) |
38,4 |
| |
|
|
|
| 3.1 |
The dilution arises as a result of any future conversion
of convertible debentures. The directors are of the opinion that
the debentures will not be converted in the foreseeable future and
therefore no dilution is anticipated for the foreseeable future.
No dilutive effect has been presented in respect of the current
year as this would be anti-dilutive.
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| 4. |
Current assets |
|
|
| |
Accounts receivable |
0,1 |
0,2 |
| |
Current portion of long-term loans |
13,6 |
58,0 |
| |
Amount owing by affiliated company |
2,3 |
8,7 |
| |
Cash and cash equivalents |
5,1 |
8,6 |
|
|
|
|
| |
|
21,1 |
75,5 |
|
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| 5. |
Current liabilities |
|
|
| |
Accounts payable |
0,9 |
4,5 |
| |
Taxation |
1,5 |
6,7 |
| |
Current portion of interest-bearing borrowings |
8,6 |
53,8 |
|
|
|
|
| |
|
11,0 |
65,0 |
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