| Fri 18 Sep 2009, 8:33 | | BIK - Brikor - Audited Annual Financial Statements And Notice Of Annual |
|
BIK
BIK
BIK - Brikor - Audited Annual Financial Statements And Notice Of Annual
General Meeting
BRIKOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/013247/06)
JSE code: BIK
ISIN: ZAE000101945
("the company")
AUDITED ANNUAL FINANCIAL STATEMENTS AND NOTICE OF ANNUAL GENERAL MEETING
Annual financial statements:
Shareholders are advised that the annual financial statements for the year ended
28 February 2009, which are included in the company`s annual report for that
year, will be dispatched to shareholders today (18 September 2009) and contain
the following modifications to the reviewed results for that year, which were
published on SENS on 12 June 2009:
Notes Audited Adjust- Reviewed
28.02.09 ments 28.02.09
R`000 R`000 R`000
Income statement
Loss attributable to ordinary
shareholders 1 (28 300) (127) (28 173)
Headline loss attributable to
ordinary shareholders 2 (23 395) 1 038 (24 433)
Loss per share
Headline loss per share (4.5) - (4.5)
Fully diluted loss per share 2 (3.8) 0.1 (3.9)
Fully diluted headline loss (4.5) - (4.5)
per share 2 (3.7) 0.2 (3.9)
Balance sheet 1 375 579 126 375 705
Equity 3 49 110 (3 185) 52 295
Trade and receivables 4 4 915 (210) 5 125
Cash and cash equivalents 5 77 337 (690) 78 027
Inventories 6 39 466 (2690) 36 776
Trade and other payables 7 171 231 5 326 176 557
Borrowings 8 14 595 1 323 15 918
Taxation payable
Notes:
1. Interest paid decreased by R1,73 million, cost of sales increased by R690k
and impairment of goodwill increased by R1,17 million.
2. Interest paid decreased by R1,73 million and cost of sales increased by
R690k.
3. Trade and receivables were reduced as a result of a reclassification R2,69
million; IFRS 3 adjustment of R990k and an interest adjustment of R495k.
4. IFRS 3 amendment.
5. Inventory overvalued.
6. Trade and other payables increased due to a reclassification.
7. Borrowings were reduced due to a reclassification.
8. Taxation payable reduced as a result of an interest amendment of
R1,32 million.
Notice of annual general meeting:
Notice is hereby given that the annual general meeting of shareholders of the
company will be held on Thursday, 15 October 2009 at 10h00 at Oppiedam, Balfour
Road R550, Nigel, to transact the business as stated in the notice of annual
general meeting forming part of the company`s annual report.
18 September 2009
Designated Adviser
Vunani Corporate Finance
Date: 18/09/2009 08:33:01 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.
