| Tue 6 Oct 2009, 10:21 | | WBO - Wilson Bayly Holmes - Ovcon Limited - No Change Statement And Notice Of |
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WBO
WBO
WBO - Wilson Bayly Holmes - Ovcon Limited - No Change Statement And Notice Of
Annual General Meeting
WILSON BAYLY HOLMES - OVCON LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1982/011014/06)
Share code: WBO
ISIN: ZAE000009932
("the company")
NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING
Shareholders are advised that the company`s 2009 Annual Report containing the
annual financial statements for the year ended 30 June 2009 was posted to
shareholders on 6 October 2009 and contains no material modifications to the
results which were announced on 7 September 2009.
Certain reclassifications have been adjusted for in the Annual Report, details
of which are set out below:-
Balance sheet:
Deferred tax assets in the amount of R308,3 million set off against deferred tax
liabilities were reclassified as deferred tax assets.
Minority interest equity loans in the amount of R21,3 million were reclassified
from trade and other payables to minority interests.
Intercompany payables and receivables in the amount of R35,1 million were set
off against one another with respective decreases in trade and other payables
and trade and other receivables.
Deferred taxation in the amount of R53,8 million was reclassified as current
taxation
Treasury shares in the amount of R6,4 million included under inventories were
set off against equity.
Cashflow statement:
Cash retained from operations increased by R5,5 million and cash outflows from
investing activities increased by R5,5 million.
The above reclassifications have no impact on HEPS, NAV, diluted EPS and NTAV.
The annual financial statements were audited by BDO Spencer Steward Inc. and
their unqualified report is available for inspection at the company`s registered
office.
NOTICE OF ANNUAL GENERAL MEETING
The 27th annual general meeting of Wilson Bayly Holmes-Ovcon Limited will be
held in the main board room at 53 Andries Street, Wynberg, Sandton on Wednesday
28 October 2009 at 11h00 for the purpose of conducting the business as stated in
the Notice of Annual General Meeting in the 2009 annual financial report.
6 October 2009
Sponsor: Investec Bank Limited
Date: 06/10/2009 10:21:01 Produced by the JSE SENS Department.
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