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ANBEECO - UNAUDITED INTERIM RESULTS FOR THE TWELVE MONTHS ENDED 31 JULY 2003 AND
FURTHER CAUTIONARY ANNOUNCEMENT
ANBEECO INVESTMENT HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1984/002788/06)
Share code AEC ISIN ZAE000000162
("Anbeeco" or "the company")
UNAUDITED INTERIM RESULTS FOR THE TWELVE MONTHS ENDED 31 JULY 2003 AND FURTHER
CAUTIONARY ANNOUNCEMENT
SUMMARISED GROUP INCOME STATEMENT
12 Months 12 Months
ended ended
31 July 2003 31 July 2002
Unaudited Audited
R"000 R"000
Gross revenue - 729
Cost of sales - (1 236)
Gross loss - (507)
Other income 641 1721
Operating costs (963) (2 959)
Operating loss (322) (1 745)
Interest received 56 62
Finance costs - (198)
Net loss for period (266) (1 881)
Loss per share (cents) (1,7) (12,6)
Headline loss per share (cents) (1,7) (12,6)
SUMMARISED GROUP balance sheet
ended ended
31 July 2003 31 July 2002
Unaudited Audited
R"000 R"000
Assets
Current assets 597 1 168
Accounts receivable 18 577
Taxation 65 65
Bank balances 514 526
Total assets 597 1 168
Equity and liabilities
Capital and reserves 238 504
Issued capital 2 651 2 651
General reserve 5 028 5 028
Accumulated loss (7 441) (7 175)
Current liabilities 359 664
Accounts payable 359 664
Total equity and liabilities 597 1 168
SUMMARISED GROUP CASH FLOW STATEMENT
ended ended
31 July 2003 31 July 2002
Unaudited Audited
R"000 R"000
Cash flows from operating activities (12) 7 813
Cash flows from investing activities - 408
(Decrease)Increase in cash (12) 8 221
Cash (Bank overdraft) at
beginning of period 526 (7 695)
Cash at end of period 514 526
STATEMENT OF CHANGES IN EQUITY
Accu-
Share Share General mulated
Capital Premium Reserve Loss Total
R"000 R"000 R"000 R"000 R"000
Balance 1August 2002 150 2 501 5 028 (7175) 504
Net loss for period - - - (266) (266)
Balance 31 July 2003 150 2 501 5 028 (7441) 238
COMMENTARY
The information presented for the twelve months ended 31 July 2003 has
been prepared in accordance with South African Statements of Generally
Accepted Accounting Practice ("GAAP") and accounting policies which are
consistent in all material respects with those of prior periods.
FURTHER CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the announcement dated 6 June 2003 in
which details of a conditional agreement between a consortium and certain
Anbeeco major shareholders were set out. The consortium was unable to
comply with the conditions set out in that agreement and the proposed
transaction has therefore lapsed. Preliminary discussions have now
commenced with a third party relating to the possible acquisition by
Anbeeco of certain assets. A further announcement will be published
notifying shareholders on the progress of such discussions. Shareholders
are advised to exercise caution in their dealings in Anbeeco shares
pending a further announcement.
DIVIDENDS
No dividends have been declared for the period under review.
On behalf of the board of directors
Scribe Holdings (Proprietary) Limited Registered office
Johannesburg Fourth Floor, Bedford Centre
30 October 2003 St Georges Street
Yeoville 2198
Directors
Mr A N Brookstone (Chairman) (alternate Mr A J Aaron), Mr S I Shatenstein,
Mr S I Jacobson, Ms I L Brookstone
Sponsor
Werksmans Sponsors (Pty) Limited
(Registration number 2000/005164/07)
Date: 30/10/2003 05:43:03 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
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