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EXL
EXL
EXL - Excellerate Holdings Limited - Posting of Excellerate`s Annual Report
and Details of The Annual General Meeting
Excellerate Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/009884/06)
JSE code: EXL ISIN: ZAE000026092
("Excellerate")
POSTING OF EXCELLERATE`S ANNUAL REPORT AND DETAILS OF THE ANNUAL GENERAL
MEETING
ANNUAL REPORT
In compliance with section 3.22 of the JSE Limited Listings Requirements,
shareholders are advised that further to Excellerate`s reviewed results for
year ended 30 June 2010, published on Thursday, 30 September 2010 ("the
Results"), Excellerate`s Annual Report for the year ended 30 June 2010 was
posted to shareholders on Monday, 13 December 2010. In preparing the Annual
Report, no material modifications to the Results were made, however, certain
changes as a result of reclassifications were made, as detailed below:
As reported in the As reported in
Results the Annual Report
2010 2010
R`000 R`000
Balance sheet
Non - current assets 5,093 631
Investment in associate
- 4,462
Current assets
Investment in associate
Cash flow statement
Cash flows from operating
activities
Cash generated by operations 68,361 68,368
Cash flows from investing
activities
Acquisition of businesses (14,468) (14,475)
17,508 15,031
Cash flows from financing
activities
Interest - bearing debt
raised
Interest - bearing debt (13,342) (10,863)
repaid
Increase in amounts owing by (3,630) (3,936)
joint venture partners
Decrease in amounts owing by 5,933 6,238
joint venture partners
Decrease in amounts owing to (3,728) (3,729)
joint venture partners
Group segmental reports As reported in the Results
Services Trading & Corporate Total
distribution
2010
Cash flows from 39,213 23,295 (17,635)
operating activities 44,873
Cash flows from (29,274) 2,850 (9,230)
investing activities (35,654)
As reported in the Annual Report
Services Trading & Corporate Total
distribution
2010
Cash flows from 39,213 23,295 (17,627)
operating activities 44,880
Cash flows from (29,274) 2,850 9,237)
investing activities (35,661)
ANNUAL GENERAL MEETING
Notice is hereby given that the annual general meeting of Excellerate
shareholders will be held at 1st Floor, Atholl Square, corner Katherine
Street and Wierda Road East, Sandown, Sandton, at 14:00 on Friday, 14
January 2011 to transact the business as stated in the notice of annual
general meeting which forms part of the annual report.
Sandton
13 December 2010
Sponsor:
Barnard Jacobs Mellet Corporate Finance (Proprietary) Limited
Date: 13/12/2010 17:11:02 Produced by the JSE SENS Department.
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