|
GPL
GPL
GPL - Grand Parade Investments Limited - Change statement and notice of annual
general meeting
Grand Parade Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1997/003548/06)
Share code: GPL
ISIN: ZAE000119814
("GPI" or "the Company" or "the Group")
CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING
CHANGE STATEMENT
Shareholders are advised that the annual report for the year ended 30 June 2011
has been posted to shareholders on Monday, 10 October 2011. There has been no
(material) change to basic, headline earnings and adjusted headline earnings per
share. The annual report contains the following disclosure modifications to the
reviewed results published on SENS on Thursday, 08 September 2011.
STATEMENT OF COMPREHENSIVE INCOME
Audited Reviewed
Note 30 June 30 June R change
2011 2011
R`000s R`000s R`000s
Revenue 1 326 442 316 193 10 249
Operating Costs (184 343) (184 343) -
Profit from operations 142 099 131 850 10 249
Other revenue 1 - 10 248 (10 248)
Operating costs 2 (88 378) (124 388) (36 010)
Profit from operations 53 721 17 710 36 011
Profit from equity - 119 566 1
accounted investments 119 565
Profit from jointly- 88 643 -
controlled entities 88 643
Profit from associates 30 923 30 922 1
Impairment of investments 3 - (113 486) (113 486)
Impairment of jointly- 3 (32 839) - 32 839
controlled entity
Impairment of associate 3 (95 646) - 95 646
Reversal of impairment of 3 15 000 15 000
investment in jointly-
controlled entity -
Depreciation 2 (34 011) - 34 011
Amortisation 2 (1 999) - 1 999
Profit before finance costs 23 792 3
and taxation 23 789
Finance income 1 745 1 746 (1)
Finance Costs (32 916) (32 916) -
Loss before taxation (7 379) (7 381) (2)
Taxation (15 292) (15 291) 1
Loss for the year (22 671) (22 672) (1)
Other comprehensive income
Unrealised fair value loss on (4 491) (1)
available-for-sale
investments, net of tax (4 492)
Change in reserves from 13 197 -
associated companies, net of
tax 13 197
Total comprehensive loss for (13 965) (2)
the year (13 967)
Net loss for the year
attributable to:
Ordinary shareholders (22 671) (22 672) (1)
(22 671) (22 672) (1)
Total comprehensive loss
attributable to:
Ordinary shareholders (13 965) (2)
(13 967)
(13 965) (2)
(13 967)
Basic and diluted earnings (4.89) -
per share (cents) (4.89)
Headline and diluted headline 19.13 0.01
earnings per share (cents) 19.12
Adjusted and diluted adjusted 22.38 -
headline earnings per share
(cents) 22.38
GROUP STATEMENT OF FINANCIAL POSITION
Note Audited Reviewed
30 June 30 June R change
2011 2011
R`000s R`000s R`000s
ASSETS
Non current assets 1 631 715 1 631 716 (1)
Non-current asset held for sale 451 000 451 000 -
Current assets 112 179 112 177 2
Total assets 2 194 894 2 194 893 1
EQUITY AND LIABILITIES
Capital and reserves
Total equity 1 756 792 1 756 790 2
Shareholders` interest 1 756 792 1 756 790 2
Non-current liabilities
- Provisions 126 126 -
- Deferred tax liabilities 23 618 23 618 -
- Interest-bearing borrowings 88 000 106 436 (18 436)
4
- Cumulative redeemable 193 157 256 961 (63 804)
preference shares
4
- Finance lease liabilities 1 500 - 1 500
4
Current Liabilities 4 131 701 50 962 80 739
Total Equity & liabilities 2 194 894 2 194 893 1
Tangibles net asset value 347 347 -
(before deducting treasury
shares)(cents)
Adjusted tangible net asset 349 349 -
value (after deducting treasury
shares)(cents)
Net asset value (before 373 373 -
deducting treasury
shares)(cents)
Adjusted net asset value (after 375 375 -
deducting treasury shares)
(cents)
GROUP STATEMENT OF CASH FLOW
Audited Reviewed
30 June 30 June R change
2011 2011
Cash flows from operating R`000s R`000s
activities R`000s
Loss before taxation (7 379) (7 381) (2)
Adjustments for
- Depreciation 34 011 34 011 -
- Amortisation 1 999 1 999 -
- Finance income - investments (3 405) (3 405) -
and operations
- Finance costs 32 916 32 916 -
- Dividends received (2 009) (2 008) 1
- Loss on sale of property, 759 759 -
plant and equipment
- Profit on sale of investments (151) (151) -
- Impairment of investments - 113 486 113 486
- Impairment of investment in 32 839 - 32 839
jointly-controlled entity
- Impairment of associate 95 646 - 95 646
- Reversal of impairment of (15 000) - 15 000
investment in jointly-
controlled entity
- Profit from equity-accounted - (119 565) (119 565)
investments
- Profit from jointly- (88 643) - 88 643
controlled entities
- Profit from associates (30 923) - 30 923
Operating cash flows before 50 660 50 661 (1)
working capital changes
Net working capital changes - (23 879) (23 879)
Increase in inventory (1 034) - 1 034
Increase in trade and other (1 248) - 1 248
receivables
Decrease in trade and other (26 209) - 26 209
payables
Cash flows from operations 22 169 26 782 4 613
Income taxes paid (11 907) (11 907) -
Finance income - operations 1 745 1 746 (1)
Net cash inflow from operating 12 007 16 621 4 614
activities
Cash flows from investing
activities
Acquisition of plant and (28 299) (28 299) -
equipment
Acquisition of intangibles (2 577) (2 578) (1)
Consideration from disposal of 127 128 (1)
assets
Net cash paid for business (5 976) (5 977) (1))
combination
Net investments made (32 839) (32 838) (1)
Finance income - investments 1 660 - 1 660
Dividends received 143 683 - 143 683
Net cash inflow/ (outflow) from 75 779 (69 564) 145 343
investing activities
Cash flows from financing
activities
Dividends received - 143 682 (143 682)
Finance income - investments - 1 659 (1 659)
Preference share redeemed (24 163) (24 163) -
Ordinary dividends paid to (33 666) (33 667) (1)
equity holders of parent
Share issue expenses (33) (33) -
Finance costs (28 304) (32 916) (4 612)
Loans (repaid)/advanced
- Consideration from finance 2 915 2 915 -
lease advanced
- Repayment of finance leases (479) (479) -
- Repayment of interest-bearing (16 000) (16 000) -
borrowings
Net cash (outflow)/inflow from (99 730) 40 998 (140 728)
financing activities
Net cash decrease in cash and (11 944) (11 945) (1)
cash equivalents
Cash and cash equivalents at 81 192 81 191 1
the beginning of the year
Cash and cash equivalents at 69 248 69 246 2
the end of the year
The difference between the audited annual financial statements and the
reviewed results arise from the change in disclosure of the following
items. There has not been any material change in the amounts.
Note 1: Other Operating Revenue, (which includes other LPM operating
recoveries as well as Other Investment Revenue, being dividends
received and investment interest on positive cash balances), has been
included in revenue in the annual financial statements, and not
disclosed separately as per the reviewed results.
Note 2: Depreciation and amortisation, which were included in
operating costs in the reviewed results, has been separately disclosed
in the annual financial statements.
Note 3: The impairments and reversal of impairment of investments
making up the impairment in investment in the reviewed results, has
been separately disclosed in the annual financial statements.
Note 4: The short-term portion of the cumulative redeemable preference
shares, interest-bearing borrowings and finance lease liabilities, has
been disclosed separately under current liabilities in the annual
financial statements.
Notice of Annual General Meeting
Notice is hereby given that the annual general meeting of shareholders
of GPI will be held on Wednesday, 7 December 2011, at 18:00 at Market
Hall, Grandwest Casino, Goodwood, Cape Town to transact the business
stated in the Notice of annual general meeting, which notice forms
part of the annual report.
The date on which shareholders must be recorded in the share register
maintained by the transfer secretaries of the Company for purposes of
being entitled to attend and vote at the annual general meeting is
Friday, 25 November 2011, with the last day to trade being Friday, 18
November 2011.
10 October 2011
Cape Town
Sponsor:
PSG Capital
Date: 10/10/2011 17:22:00 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 ] | |||||||||||||
|
|||||||||||||
