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SJL
SJL
SJL - S&J Land Holdings Limited - Condensed consolidated interim results for the
six months ended 31 December 2007
S&J Land Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1988/000139/06)
Share code: SJL
ISIN: ZAE000009965
("the company")
Condensed consolidated interim results for the six months ended 31 December 2007
CONDENS ED CONSOLIDATED
INTERIM INCOME STATEMENTS
Audited
Six months ended Year ended
31 December 30 June
2007 2006 2007
R`000 R`000 R`000
Revenue 118 452 807
Operating loss before
financing costs (1 300) (532) (1 057)
Results from operating
activities (1 300) (532) 4 443
Investment income 139 138 216
Profit/(Loss) before
taxation (1 161) (394) 4 659
Taxation - - -
Profit/(Loss) after taxation (1 161) (394) 4 659
Profit for the period (1 161) (394) 4 659
Ordinary shares in issue
(`000) 26 300 26 300 26 300
Basic earnings (loss)
per share (cents) (4,4) (1,5) 17,7
Headline earnings (loss)
per share (cents) (1,9) (1,5) (3,2)
Reconciliation between basic
earnings/(loss) and headline
earnings/(loss):
Basic earnings/(loss) (1 161) (394) 4 659
Fair value adjustment of
investment properties - - (5 500)
Headline earnings (loss) (1 161) (394) (841)
CONDENSED CONSOLIDATED
INTERIM BALANCE SHEETS
Audited
As at As at
31 December 30 June
2007 2006 2007
R`000 R`000 R`000
ASSETS
Property, plant and equipment - - -
Investment properties 46 000 40 500 46 000
Intangible assets - - -
Total non-current assets 46 000 40 500 46 000
Trade and other receivables 239 5 975 518
Cash and cash equivalents 6 125 2 112 7 903
Total current assets 6 364 8 087 8 421
Total assets 52 364 48 587 54 421
EQUITY
Share capital and premium 35 859 35 859 35 859
Retained earnings 16 096 12 212 17 265
Total equity 51 955 48 071 53 124
LIA BILITIES
Trade and other payables 38 45 867
Taxation - -
Provisions - 101 60
Shareholders for dividend 370 370 370
Total current liabilities 408 516 1 297
Total liabilities 408 516 1 297
Total equity and liabilities 52 364 48 587 54 421
Net asset value per share (cents) 199,1 184,7 206,9
STATEMENTS OF CHANGES IN EQUITY
Audited
As at As at
31 December 30 June
2007 2006 2007
R`000 R`000 R`000
Equity at the beginning of the
period 53 116 48 465 48 465
Retained earnings (1 161) (394) 4 659
Dividends paid - - -
Equity at the end of the period 51 955 48 071 57 706
CONDENSED CONSOLIDATED INTERIM
STATEMENTS OF CASH FLOWS
Audited
Six months ended Year ended
31 December 30 June
2007 2006 2007
R`000 R`000 R`000
Cash flows from operating
activities (1 778) (431) 5 360
Cash absorbed by operations (1 917) (569) 5 144
Interest received 139 138 216
Normal taxation paid - - -
Dividend paid - - -
Cash flows from investing
activities - 135 135
Property, plant and equipment
acquired - - -
Proceeds on disposal of
property - 135 135
Net (decrease) increase in cash
and cash equivalents (1 778) (296) 5 495
Cash and cash equivalents at
the beginning of period 7 903 2 408 2 408
Cash and cash equivalents
at end of period 6 125 2 112 7 903
Comments on the interim results
Turnover was derived from the letting of property, no sales were finalised
during the period.
Cautionary notice
Shareholders are referred to the separate notice published today regarding the
revised offer.
Dividend
No dividend has been declared or recommended for this period.
Preparation of the interim results
The interim results have been prepared in accordance with International
Financial Reporting Standards and IAS 34 on a basis consistent with that for the
year ended 30 June 2007.
For and on behalf of the Board of Directors:
DCL WASSUNG
14 March 2008
Transfer secretaries
Computershare Investor Services (Proprietary) Limited
70 Marshall Street, Johannesburg, 2001
(PO Box 61051, Marshalltown, 2107)
Registered office
134 Rabie Street, Fontainebleau, Randburg, 2194
(PO Box 1470, Fontainebleau, 2032)
Directors
CM Dullabh, MD Smullen, G Stravino, DCL Wassung
Sponsor
Arcay Moela Sponsors (Proprietary) Limited
Date: 14/03/2008 15:00:05 Produced by the JSE SENS Department.
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