| Thu 29 Sep 2011, 16:02 | | AOO/AON/AOVP - African And Overseas Enterprises Limited - No Change Statement |
|
AOO AOVP AON
AOO
AOO/AON/AOVP - African And Overseas Enterprises Limited - No Change Statement
And Notice of Annual General Meeting
AFRICAN AND OVERSEAS ENTERPRISES LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1947/027461/06
Share code: AOO ISIN: ZAE000000485
Share code: AON ISIN: ZAE000009718
Share code: AOVP ISIN: ZAE000000493
("AOE" or "the Company")
NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING
Shareholders are advised that the company`s integrated annual report,
incorporating the audited financial statements for the year ended 30 June 2011,
was dispatched today and other than as disclosed below contains no changes to
the reviewed results which were announced on SENS on Thursday, 8 September 2011.
Changes to the reviewed results:
STATEMENT OF FINANCIAL POSITION
Group Group
(R`000) (R`000)
2011 2010
(Audited) (Audited)
Assets
Non current assets 83 855 71 070
Property, plant and equipment 69 328 57 394
Investment property 5 776 3 511
Intangibles 1 455 2 107
Other investments 576 576
Deferred tax 6 720 7 482
Current assets 243 580 222 447
Inventories 71 099 57 994
Trade and other receivables 21 562 21 026
Forward exchange contracts - 522
Income tax receivable 2 050 1 248
Cash and cash equivalents 148 869 141 657
Total assets 327 435 293 517
Equity and liabilities
Capital and reserves 266 942 234 874
Share capital 1 200 1 200
Share premium 6 076 6 076
Other reserves 538 500
Retained earnings 139 194 122 299
Non-controlling interest 119 934 104 799
Non current liabilities 16 844 16 486
Post-retirement liability 3 996 4 122
Accrued operating lease liability 9 577 9 141
Deferred tax 3 271 3 223
Current liabilities 43 649 42 157
Provision 467 560
Trade and other payables 42 461 40 976
Forward exchange contracts 602 -
Income tax payable 119 621
Total equity and liabilities 327 435 293 517
Notes:
1 In the reviewed results previously published the deferred taxation
liability was netted off against the deferred taxation asset resulting in
only a deferred taxation asset being shown. As disclosed above, these have
now been separated into their respective components and shown as separate
line items. This adjustment is simply an allocation adjustment and has no
impact on the net asset value previously published as per the reviewed
results.
2. The statement of cash flows has had an amount of R219 000 (2010: R109 000)
reclassified to "operating profit before working capital changes" from
"working capital changes" within the statement of cash flows. This
adjustment is simply an allocation adjustment and has no impact on "cash
and cash equivalents at the end of the year".
3. The depreciation and amortisation figure contained in the segmental report
had a rounding error of R1 000 which has now been corrected.
The integrated annual report contains a notice of Annual General Meeting for the
company, which will be held in the boardroom at Rex Buildings, 263 Victoria
Road, Salt River, Cape Town, immediately after the annual general meeting of Rex
Trueform Clothing Company Limited which is to be held at 10h00 on Wednesday, 16
November 2011.
29 September 2011
Sponsor
Java Capital
Date: 29/09/2011 16:02:06 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.
