|
VIL
VIL
VIL - Village Main Reef Gold Mining Company (1934) Limited - Unaudited Interim
Results for the Six Months Ended 31 December 2008
Village Main Reef Gold Mining Company (1934) Limited
("Village" or "the Company")
(Incorporated in the Republic of South Africa)
(Registration Number 1934/005703/06)
JSE Code: VIL & ISIN: ZAE000007720
UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2008
The unaudited interim results of Village for the six months ended 31 December
2008 are set out below:
INCOME STATEMENT
6 months 6 months Audited
ended ended 12 months
31 December 31 December 30 June
2008 2007 2008
R`000 R`000 R`000
Revenue - - -
Profit/(loss) for the (1,180) 110 (65)
period
Finance Income 293 35 281
Other income - - 147
Profit on sale of assets - - 147
Finance costs - (191) -
Change in estimate of - - (1,870)
provision for
rehabilitation cost
Loss before taxation (887) (46) (1,507)
Taxation - - -
Net loss for the period (887) (46) (1,507)
Basic loss per share (14.62) (0.76) (24.83)
(cents)
Headline loss per share (14.62) (0.76) (24.83)
(cents)
BALANCE SHEET AS AT
31 31 30 June
December December 2008
2008 2007
Unaudited Unaudited Audited
R`000 R`000 R`000
ASSETS
Non-current assets
Environmental 4 052 3 614 3 816
rehabilitation trust
Current assets
Cash and cash equivalents 517 1 205 1 548
Trade and other 20
receivables
Non-current assets held - 250 -
for sale
Total assets 4 589 5 069 5 364
Net asset value per share (9.21) 29.10 5.41
(cents)
EQUITY AND LIABILITIES
Share capital 758 758 758
Accumulated profits (1 317) 1 008 ( 430)
(559) 1 766 328
Non-Current Liabilities 5 020 3 299 5 020
Provision for 5 020 3 299 5 020
rehabilitation
Current Liabilities 128 4 16
Trade and other payables 128 4 16
Total equity and 4 589 5 069 5 364
liabilities
STATEMENT OF CHANGE IN
EQUITY FOR THE SIX MONTHS
ENDED
31 December 31 December 30 June
2008 2007 2008
R`000 R`000 R`000
Balance at beginning of 328 1 812 1 835
period
Net loss for period (887) ( 46) (1 507)
Balance at end of period (559) 1 766 328
Loss per income statement (887) (46) (1 507)
Adjustments - - -
Headline loss (887) (46) (1 507)
CASH FLOW STATEMENT
6 months 6 months Audited
ended ended 12 months
31 December 31 December 30 June
2008 2007 2008
R`000 R`000 R`000
Cash generated/(utilised) (1 088) 68 (407)
by current activities, net
of changes in working
capital
Interest received 293 35 281
Increase in investment in (236) (175) -
rehabilitation trust fund
Proceeds from sale of - - 397
property, plant and
equipment
Cash and cash equivalents
Decrease for period (1 031) (72) 271
Beginning of period 1 548 1 277 1 277
End of period 517 1 205 1 548
ACCOUNTING POLICIES AND NOTES TO THE FINANCIAL STATEMENTS
These financial statements of Village Main Reef Mining Company (1934)
Limited have been prepared in accordance with International Financial
Reporting Standards (IFRS) and the South African Companies Act of
1973. The financial statements have been prepared under the
historical cost convention.
The preparation of financial statements in conformity with IFRS
requires the use of certain critical accounting estimates. It also
requires management to exercise its judgment in the process of
applying the company`s accounting policies.
Environmental rehabilitation
The Company is in the process of investigating the issues surrounding
the various environmental issues as discussed in the June 2008 Annual
Report. A detailed report is expected to be finalised by June 2009.
Going concern
The directors have no reason to believe that the shareholders will
not continue to provide sufficient funding to the company to ensure
that the claims of creditors are met.
Johannesburg
06 March 2009
Sponsor
Investec Bank
Date: 06/03/2009 13:00:01 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 ] | |||||||||||||
|
|||||||||||||
