IMU
IMU
IMU - Imuniti - Trading Statement
IMUNITI HOLDINGS LIMITED
(Registration number 2004/002282/06)
(JSE Code: IMU & ISIN: ZAE000089199)
("Imuniti" or "the Company")
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited ("JSE"), a listed
company is required to publish a trading statement as soon as it is satisfied,
with a reasonable degree of certainty, that its financial results for the next
reporting period will differ by 20% or more from those of the previous
corresponding period.
Imuniti is currently preparing its results for the year ended 28 February 2009
and the Company`s auditors are currently auditing these results. Imuniti`s
directors believe that in terms of IAS36 - Impairment of Assets, Imuniti will
need to impair its goodwill and intangible assets of the Company following a
process of assessment by the directors and review by the auditors on the
carrying value of its goodwill and intangible assets. The quantum of the
impairment is approximately R44,8 million. This is the biggest contributor to
the change in the earnings per share.
Shareholders are advised that Imuniti expects its fully diluted earnings and
headline earnings per share, for the year ending 28 February 2009 to be -6.32
cents and -1.13 cents per share as compared to the earnings and headline
earnings, on a fully diluted basis, of -3.38 cents and -1.60cents reported for
year ended 29 February 2008.
Headline earnings are not affected by impairments to goodwill and intangible
assets (in terms of SAICA Circular 08/07).
The financial information in this trading statement has not been reviewed or
reported on by Imuniti`s auditors.
28 May 2009
DESIGNATED ADVISER:
GRINDROD BANK LIMITED
Date: 28/05/2009 13:42:02 Produced by the JSE SENS Department.
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