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Thu 11 Nov 2004, 15:20 Interim Report For The Six Months Ended 31 July 04
Anbeeco Investment Holdings Limited - Reviewed Interim Report For The Six Months
Ended 31 July 2004 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`)                                                                     
REVIEWED INTERIM REPORT FOR THE SIX MONTHS ENDED 31 JULY 2004 AND FURTHER       
CAUTIONARY ANNOUNCEMENT                                                         
SUMMARISED GROUP BALANCE SHEET                                                  
                       Reviewed        Unaudited        Audited                 
6 months       12 months       18 months                  
                      ended          ended           ended                      
                      31 July 2004   31 July 2003    31 January                 
                                                   2004                         
(R`000)         (R`000)          (R`000)                 
ASSETS                                                                          
Current assets         410             597              2 194                   
Accounts receivable    193             18               1 883                   
Taxation               65              65               65                      
Bank balances          152             514              246                     
Total assets           410             597              2 194                   
EQUITY AND LIABILITIES                                                          
Capital and reserves   25              238              136                     
Issued capital         2 651           2 651            2 651                   
General reserve        5 028           5 028            5 028                   
Accumulated loss       (7 654)         (7 441)          (7 543)                 
Current liabilities    385             359              2 058                   
Accounts payable       385             359              478                     
Loans payable          -               -                1 580                   
Total equity and       410             597              2 194                   
liabilities                                                                     
Number and weighted                                                             
average number of      14 978 039     14 978 039      14 978 039                
shares in issue                                                                 
Net asset value per    0,17            1,59             0,90                    
share (cents)                                                                   
SUMMARISED GROUP INCOME STATEMENT                                               
Gross revenue              -                -            480                    
Cost of sales              -                -            -                      
Gross profit               -                -            480                    
Other income               93               641          641                    
Operating costs            (206)            (963)        (1 532)                
Operating loss             (113)            (322)        (411)                  
Interest received          2                56           67                     
Finance costs              -                -            (24)                   
Net loss for period        (111)            (266)        (368)                  
Loss per share (cents)     (0,7)            (1,7)        (2,5)                  
Headline loss per share    (0,7)            (1,7)        (2,5)                  
(cents)                                                                         
SUMMARISED GROUP CASH FLOW STATEMENT                                            
Cash flows from operating  1 486        (12)             (1 860)                
activities                                                                      
Cash flows from financing  (1 580)      -                1 580                  
activities                                                                      
Decrease in cash           (94)         (12)             (280)                  
Cash at beginning of       246          526              526                    
period                                                                          
Cash at end of period      152          514              246                    
STATEMENT OF CHANGES IN EQUITY                                                  
                   Share      Share    General     Accumulated Total            
                  capital    premium  reserve    loss                           
                             (R`000)  (R`000)    (R`000 )    (R`000)            
(R`000)                                                       
Balance 1 February 150        2 501    5 028       (7 543)     136              
2004                                                                            
Net loss for       -          -        -           (111)       (111)            
period                                                                          
Balance 31 July    150        2 501    5 028       (7 654)     25               
2004                                                                            
COMMENTARY                                                                      
These financial results have been:                                              
prepared in accordance with South African Statements of Generally Accepted      
Accounting Practice and the accounting policies used are consistent with those  
applied in the preparation of the audited results for the previous financial    
year;                                                                           
reviewed by Litvin Hack, Registered Accountants and Auditors, and the report is 
available for inspection at Anbeeco`s registered office.                        
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Further to the announcement dated 26 August 2004, shareholders are advised that 
negotiations are still in progress, which if successfully concluded, may have a 
material effect on the price of Anbeeco`s securities, and, accordingly,         
shareholders are advised to continue exercising caution in their dealings in    
Anbeeco shares pending a further announcement.                                  
BY ORDER OF THE BOARD                                                           
11 November 2004                                                                
Directors                              Registered office                        
C Cohen (Chairman), G Itzikowitz       Fourth floor, Bedford Centre, St         
(Chief executive officer), T Jordan,   Georges Street, Yeoville, 2198           
IS Schmidt, GN Trappler (non-                                                   
executive)                                                                      
Company secretary                      Transfer secretaries                     
Scribe Holdings (Proprietary) Limited  Computershare Investor Services 2004     
                                       (Pty) Limited                            
                                       70 Marshall Street, Johannesburg, 2001   
(PO Box 61051, Marshalltown, 2107)       
Sponsor                                                                         
Merchant Sponsors (Proprietary)                                                 
Limited                                                                         
Legal advisors                                                                  
Werksmans                                                                       
Date: 11/11/2004 03:19:21 PM          
Produced by the JSE SENS Department
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