|
EUR
EUR
EUR - Eureka Industrial Limited-Unaudited Results for the Six Months Ended 31
August 2008
Eureka Industrial Limited
("Eureka")
Incorporated in the Republic of South Africa
(Registration number: 1938/010958/06)
JSE share code: EUR
ISIN code: ZAE000002523
UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2008
31-Aug-08 31-Aug-07 28-Feb-08
6 months 6 months Year
ended ended ended
Unaudited Unaudited Audited
R`000s R`000s R`000s
GROUP INCOME STATEMENT
Revenue 32,285 23,118 48,132
Operating profit 5,757 10,315 21,017
Net funding income/(costs) 3,115 (2,175) (3,581)
Net (deficit)/surplus on
revaluation of long-term
investments (40,161) (8,906) 476
Profit on disposal of
long-term investments 32,354 8,352 -
Profit before tax 1,065 7,586 17,912
Taxation provided (962) (464) (1,699)
- current taxation (962) (464) (1,536)
- secondary tax on companies - - (160)
- under provision in prior year - - (3)
Net profit for the period 103 7,122 16,213
GROUP BALANCE SHEET
ASSETS
Non-current assets 23,825 120,115 106,253
- Property, plant and equipment 2,630 2,758 2,468
- Financial assets 21,195 117,357 103,785
Current assets 217,901 207,499 111,681
- Inventories 9,121 5,186 8,752
- Trade and other receivables 35,463 56,421 36,643
- Cash and cash equivalents 173,317 145,892 66,286
Total assets 241,726 327,614 217,934
EQUITY AND LIABILITIES
Capital and reserves 195,645 205,765 195,542
Non-current liabilities 122 44 141
- Interest bearing borrowings 122 44 141
Current liabilities 45,959 121,805 22,251
- Interest bearing borrowings 24,676 113,394 9,502
- Trade and other payables 17,051 6,177 9,587
- Provisions 695 728 427
- Taxation provided 3,537 1,506 2,735
Total equity and liabilities 241,726 327,614 217,934
GROUP STATEMENT OF CHANGES IN EQUITY
Share capital 250 250 250
- Ordinary shares 150 150 150
- Preference shares 100 100 100
Retained income
- Balance at beginning of the
period 186,010 188,997 188,997
- Prior year adjustment - 114 -
- Net profit for the year 103 7 122 16,213
- Ordinary dividend paid - - (19,200)
- Balance at end of the period 186,113 196,233 186,010
Non-distributable reserve 9,282 9,282 9,282
Total capital and reserves at end
of the period 195,645 205,765 195,542
GROUP CASH FLOW STATEMENT
Cash flows from operating
activities (40,021) 20,753 (25,928)
Cash flows from investing
activities 73,873 75,776 107,902
Cash flows from financing
activities 73,179 46,463 (18,588)
Net increase in cash & cash
equivalents 107,031 142,992 63,386
Cash and cash equivalents at
beginning of the period 66,286 2,900 2,900
Cash and cash equivalents at end
of the period 173,317 145,892 66,286
RECONCILIATION OF EARNINGS TO
HEADLINE EARNINGS
Net profit as per income statement 103 7,122 16,213
Net deficit/(surplus)on revaluation
of long-term investments 40,161 8,906 (476)
Profit on disposal of long-term
investments (32,354) (8,352) -
Profit on disposal of tangible
assets - (1,343) (19)
Profit on disposal of investment
property - - (1,274)
Headline earnings 7,910 6,333 14,444
ORDINARY SHARES
Number of shares in issue 2,400 2,400 2,400
Earnings per share (cents) 4.3 296.8 675.5
Headline earnings per share (cents) 329.6 263.9 601.8
Net tangible asset value per share
(cents) 8,147 8,569 8,143
BASIS OF PREPARATION
The results have been prepared in accordance with International Financial
Reporting Standards on Interim Financial Reporting in terms of IAS34.
For and on behalf of the board.
Ronald S Price
Non-executive chairman
Sandton
26 November 2008
Date: 26/11/2008 10:13:02 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
