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| 1. |
These consolidated condensed financial statements are
prepared in accordance with South African Statements of Generally
Accepted Accounting Practice. The accounting policies used in the
preparation of the financial statements are consistent with those
used in the annual financial statements for the year ended 31 December
2002. |
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REVIEWED
2003 |
AUDITED
2002 |
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R MILLION |
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| 2. |
Revenue |
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Finance income |
12,1 |
19,6 |
 |
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12,1 |
19,6 |
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| 3. |
Exceptional item |
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Loss on dilution of interest in associate |
(0,6) |
– |
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(0,6) |
– |
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| 4. |
Headline loss |
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– |
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Net loss attributable to shareholders |
(46,5) |
(175,0) |
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Exceptional items (note 3) |
0,6 |
– |
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Attributable share of headline earnings adjustments of associate
company |
(31,7) |
11,4 |
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Headline loss |
(77,6) |
(163,6) |
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Weighted average number of shares in issue (million) |
897,8 |
897,8 |
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Headline loss per share (cents) |
(8,6) |
(18,2) |
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The dilution would arise 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 as this would be anti-dilutive. |
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| 5. |
Current assets |
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Accounts receivable |
1,1 |
13,8 |
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Amount owing by affiliated company |
0,4 |
2,3 |
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Cash and cash equivalents |
9,6 |
5,1 |
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11,1 |
21,2 |
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| 6. |
Current liabilities |
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Accounts payable |
0,8 |
0,9 |
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Taxation |
1,6 |
1,6 |
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Current portion of interest-bearing borrowings |
- |
8,6 |
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2,4 |
11,1 |
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