BEE - Beget Holdings Limited - Additional information in respect of write-offs
BEE
BEE
BEE - Beget Holdings Limited - Additional information in respect of write-offs
BEGET HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2002/011635/06)
(Share Code: BEE ISIN Code: ZAE000044111)
("Beget" or "the Company")
ADDITIONAL INFORMATION IN RESPECT OF WRITE-OFFS
Shareholders are referred to the Company`s SENS announcement on 4 August 2010.
An amount of R3.6 million was provided in the Company`s draft annual financial
statements for the year ended 30 April 2010 against trade and other receivables.
The Company`s auditors have now proposed the following additional write-offs:
Intangible assets (patents R 2.7 million
and trademarks)
Deferred tax R 3.4 million
Inventory R 0.2 million
Trade and other receivables R 5.7 million
The proposed additional write-offs of approximately R 12 million will result in
negative equity of approximately R 13.9 million.
It should be noted that these amounts are merely indicative, and still have to
be considered by the Company`s Audit Committee and Board.
5 August 2010
Johannesburg
Designated Advisor
Exchange Sponsors
Date: 05/08/2010 11:57:01 Produced by the JSE SENS Department.
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