DLV
DLV
DLV - Dorbyl Limited - Property valuations
DORBYL LIMITED
(Incorporated in the Republic of South Africa)
(Registration no. 1911/001510/06)
Ordinary share code: DLV
ISIN: ZAE000002184
("Dorbyl" or "the Group")
Property Valuations
In the Annual Report of the Group for the year ended 31 March 2007, reference
was made in the Group Overview, to properties owned by the Group and that these
properties were reflected in the Financial Statements at cost of R47,6 million
(net book value R37,6 million).
Shareholders are hereby informed that an independent valuation was carried out
in February 2008 of the properties and that the aggregate valuation thereof
amounted to R212 million.
The company currently applies and will continue to apply the cost model in
respect of owner-occupied property after recognition as an asset, in terms of
which the item of property, plant and equipment is carried at its cost less any
accumulated depreciation and any accumulated impairment loses.
Johannesburg
11 July 2008 Sponsor: PSG Capital (Pty) Limited
Date: 11/07/2008 16:29:58 Produced by the JSE SENS Department.
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