| Fri 21 Dec 2007, 15:00 | | TFX - Top Fix - Notice of annual general meeting, distribution of annual report |
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TFX
TFX
TFX - Top Fix - Notice of annual general meeting, distribution of annual report
and qualified audit opinion
TOP FIX HOLDINGS LIMITED
(formerly Nutcreek Investments (Proprietary) Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2006/011359/06)
JSE code: TFX
ISIN: ZAE000088423
("Top Fix" or "the company")
NOTICE OF ANNUAL GENERAL MEETING, DISTRIBUTION OF ANNUAL REPORT AND QUALIFIED
AUDIT OPINION
NOTICE OF ANNUAL GENERAL MEETING
Notice is hereby given that the annual general meeting of Top Fix will be held
on Thursday, 14 February 2008 at the Protea Hotel, Midrand at 11h00 to transact
the business as stated in the notice of annual general meeting included in the
annual report.
DISTRIBUTION OF ANNUAL REPORT
Top Fix published its consolidated reviewed provisional results for the year
ended 30 June 2007 on 31 October 2007 and the annual report in respect of that
financial year will be distributed to shareholders on 24 December 2007. No
abridged version of the audited financial statements is being published as the
financial information as published on 31 October 2008 is unchanged, other than
the re-allocation of an amount of approximately R16 000 between tax and
creditors and as set out below.
QUALIFIED AUDIT OPINION
The company`s auditors have revised their review opinion pertaining to the
provisional results as follows:
"Basis for qualified audit opinion
As described in the directors report, trade and other receivables includes an
amount of R7 078 437. The validity of this amount is being disputed by the
debtor who is of the opinion that all amounts due to the group have been settled
in full.
We have been unable to obtain sufficient and appropriate audit evidence as to
the existence and recoverability of the amount included in trade and other
receivables.
An impairment loss has not been recognised in accordance with IAS39, Financial
Instruments: Recognition and Measurement. Had this been done, trade and other
receivables would have been stated in the balance sheet at R42 471 885. Profit
after tax would have been reduced by R4 408 501 to R4 034 881.
Opinion
In our opinion, except for the effect on the financial statements of the matter
referred to in the preceding paragraph, the financial statements present fairly,
in all material respects, the financial position of the company and the group as
of 30 June 2007, and of their financial performance and their cash flows for the
year then ended in accordance with International Financial Reporting Standards,
and in the manner required by the Companies Act of South Africa."
Johannesburg
21 December 2007
Designated Adviser
Ernst & Young Sponsors (Pty) Ltd
(Registration Number 2000/031843/07)
Date: 21/12/2007 15:00:02 Produced by the JSE SENS Department.
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