|
LAB
LAB
LAB - Labat Africa Limited - Change statement and notice of Annual General
Meeting
LABAT AFRICA LIMITED
Incorporated in the Republic of South Africa)
(Registration number: 1986/001616/06)
Share Code: LAB ISIN: ZAE000018354
("Labat" or "the company")
CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING
Shareholders are advised that changes to the reviewed results for the year ended
28 February 2011 as announced on SENS on 1 June 2011 have been detailed below.
Copies of the annual report will be distributed to shareholders in due course.
BALANCE SHEETS
AT 28 FEBRUARY 2011 Audited Adjustments Provisional
Accounts
previously
published
28 28 February
February 2011
2011
Balance Sheet
Assets
Fixed Assets 1 33 187 (1 362) 34 548
Intangible Assets 2 1 375 1 375 0
Cash at bank 3 4 800 23 4 777
Accounts Receivable 4 4 376 (1 141) 5 517
Assets of disposal group 5 579 579 0
classified as held for
sale
Liabilities
Long Term Liabilities 6 45 360 11 340 34 020
Trade and Accounts 7 9 085 (20 876) 29 962
Payable
Liabilities of disposal 8 10 642 10 642 0
group classified as held
for sale
Changes in Equity
Share capital and 9 66 462 (39) 66 501
reserves
INCOME STATEMENT
Fair value adjustments 10 (1 780) (1 732) (48)
Profit before tax 11 11 591 (1 592) 13 184
Taxation 12 118 (118) 0
Profit After Tax 11 473 (1 710) 13 184
Notes
1 The adjustment relates to the further impairment of the assets
of a discontinued division of SAMES (Pty) Ltd and the transfer
of assets to the disposal group.
2 The adjustment relates to the transfer of Pharmaceutical costs
incurred from accounts receivable to intangible assets as a
result of the company proceeding into the development phase of
the project.
3 The adjustment relates to the cash balance of the discontinued
division of a subsidiary being included in the holding company.
4 The adjustment relates primarily to the transfer of the
Pharmaceutical expenses to intangible assets in note 2.
5 The adjustment relates to non-current assets of disposal group
held for sale.
6 The adjustment relates to the transfer of subordinated
director`s loans to long term liabilities.
7 The adjustment relates to the transfer of subordinated directors
loans to long term liabilities and the transfer of liabilities
of the disposal group in note 8.
8 The adjustment relates to the liabilities of the disposal group
held for sale.
9 The adjustment relates to a movement in reserves of the company.
10 The adjustments relates to the impairment of the assets of a
discontinued division and the impairment of a discontinued
division of a subsidiary.
11 The adjustment relates to the fair value adjustment in note 10
and a reduction in operating expenses.
12 The adjustment relates to the provision for taxation of a
subsidiary.
BASIS OF PREPARATION
The accounting policies adopted for purposes of this report comply, and have
been consistently applied in all material respects with International Financial
Reporting Standards ("IFRS") and the abridged financial statements have been
prepared in accordance with the requirements of IAS 34 (Interim Financial
Reporting).
The same accounting policies and methods of computation have been followed as
compared to the prior year. The results have been audited by Ngubane Zeelie Inc
and the unqualified and unmodified audit report is available for inspection at
the Company`s registered office.
NOTICE OF ANNUAL GENERAL MEETING
Shareholders are advised that the Annual General Meeting of the Company will be
held on Friday, 11 November 2011 at 23 Kroton Avenue, Weltevreden Park, 1709.
The record date for purposes of determining which shareholders of the Company
are entitled to receive notice of this annual general meeting is Monday 3
October 2011 and the record date for purposes of determining which shareholders
of the Company are entitled to participate in and vote at the annual general
meeting is 9 November 2011.
Johannesburg
30 September 2011
Sponsors
Arcay Moela Sponsors (Pty) Ltd
Date: 03/10/2011 07:18:01 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.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
