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SAC
SAC
SAC - SA Corporate Real Estate Fund - Posting of SA Corporate`s annual report
and details of the voluntary annual general meeting
SA Corporate Real Estate Fund
(Incorporated in the Republic of South Africa)
A Collective Investment Scheme in property registered in terms of the
Collective Investment Schemes Control Act, No. 45 of 2002 and managed by SA
Corporate Real Estate Fund Managers Limited
(Registration number 1994/009895/06)
Share Code: SAC ISIN Code: ZAE000083614
("SA Corporate" or "the Fund")
Posting of SA Corporate`s annual report and details of the voluntary annual
general meeting
In compliance with section 3.22 of the JSE Limited Listings Requirements,
unitholders are advised as follows:
Annual report
Further to SA Corporate`s reviewed final results and distribution declaration
for the year ended 31 December 2010 that was published on 18 February 2011
("the SENS announcement"), the annual report was posted on 31 March 2011. The
annual financial statements contain some adjustments to the SENS announcement.
The adjustments comprise of:
Statement of Financial Position
- The straight line rental adjustments, with regards to non-current assets
held for sale, were grouped with investment property in the SENS
announcement. This was reallocated to the non-current assets held for
sale in the annual financial statements.
- The VAT asset was grouped with Trade and other payables in the SENS
announcement. This was reallocated to other receivables in the annual
financial statements.
- The Receipts Received in Advance was grouped with Trade Receivables in
the SENS announcement. This was reallocated to Trade and other
liabilities in the annual financial statements.
No adjustment was required for the Statement of Comprehensive Income and there
is a nil effect on the total comprehensive income attributable to unit
holders.
As reported Adjustment As reported
in SENS in the
announcement annual
financial
statements
Statement of financial position
Non-current assets
Straight line rental adjustment
(198 641) 14 383 (184 258)
Rental receivable straight line
adjustment
166 621 (12 793) 153 828
Current assets
Trade receivables 8 761 8 465 17 226
Other receivables and accrued
interest
154 607 14 504 169 111
Rent receivable - straight line
rental adjustment
32 020 (1 590) 30 430
Current liabilities
Trade and other payables
124 946 22 969 147 915
Voluntary annual general meeting
Shareholders are advised that the annual general meeting of SA Corporate will
be held at 10:00 on Tuesday, 17 May 2011 in the Colosseum Meeting Room,
Property on Fifth, Mutual Park, Pinelands, Cape Town to transact the business
as stated in the notice of the annual general meeting forming part of the
annual report.
Cape Town
31 March 2011
Sponsor
Nedbank Capital
Date: 31/03/2011 09:34:01 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.
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