| 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
interim financial statements are consistent with those used in the annual
financial statements for the year ended 31 December 2003. |
|
UNAUDITED | AUDITED |
|
6 MONTHS | YEAR |
|
ENDED | ENDED |
|
30 JUNE | 31
DECEMBER |
| R MILLION | 2004 |
2003 | 2003 |
|
|
| 2. |
| Revenue |
| Finance income | 4,6 | 8,0 | 12,1 |
 |
| 4,6 | 8,0 | 12,1 |
|
|
| 3. |
| Exceptional
item |
| Loss on dilution of interest in associate | (0,1) | - | (0,6) |
|
| (0,1) | - | (0,6) |
|
|
| 4. |
| Headline earnings/(loss) |
| Net loss attributable to shareholders | (11,4) | (67,0) | (46,5) |
| Exceptional items
(Note 3) | 0,1 | - | 0,6 |
| Attributable share of headline earnings adjustments of associate company | 18,7 | 3,5 | (31,7) |
|
| Headline earnings/(loss) | 7,4 | (63,5) | (77,6) |
|
| Weighted average number of shares in issue (million) | 897,8 | 897,8 | 897,8 |
| Headline earnings/(loss) per share (cents) | 0,8 | (7,1) | (8,6) |
| 4.1 |
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. |
| |
| 5. |
| Current assets |
| Accounts receivable | 0,3 | 8,1 | 1,1 |
| Amount owing by affiliated company | 0,2 | 1,8 | 0,4 |
| Cash and cash equivalents | 16,1 | 0,8 | 9,6 |
|
| 16,6 | 10,7 | 11,1 |
|
|
| 6. |
| Current liabilities |
| Accounts payable | 0,8 | 0,9 | 0,8 |
| Taxation | 1,3 | 1,9 | 1,6 |
| Current portion of interest-bearing borrowings | - | 1,6 | - |
|
| 2,1 | 4,4 | 2,4 |
|
|