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AWT
AWT
AWT - Awethu Breweries Limited - Change statement and notice of annual general
meeting
Awethu Breweries Limited
(Incorporated in the Republic of South Africa)
(Registration number 1992/004352/06)
JSE code: AWT
ISIN code: ZAE000013769
("Awethu" or "the Company")
CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING
The integrated annual report, containing the audited annual financial statements
for the Company for the year ended 30 June 2011, has been dispatched to
shareholders today, 31 December 2011 and contains the following changes to the
reviewed results published on SENS on 2 November 2011 and in the press on 2
November 2011:
Condensed Statement of Comprehensive Income
Was Is Change
R R R
Continuing operations
Revenue 814 077 814 077 Nil
Cost of Sales (807 687) (807 687) Nil
Gross profit 6 390 6 390 -
Other income - - -
Operating expenses (1 736 304) (2 332 447) 596 143
Operating (loss) (1 729 914) (2 326 057) 596 143
Investment revenue 17 071 17 071
Finance costs - (25 016) (25 016)
(Loss)from continuing operations (1 712 843) (2 334 002) 621 159
Discontinued operations
Profit from discontinued
operations 3 099 957 3 099 957 Nil
Total comprehensive income 1 387 114 765 955 621 159
Basic earnings/(loss) per share
(cents) 1.64 0.91 (0.73)
Reconciliation between basic earnings
and headline loss:
Net profit for the year 1 387 114 765 955 621 159
Discontinued operations (3 099 957) (3 099 957) Nil
Headline loss for the year (1 712 843 (2 334 002) 621 159
Headline loss per share (cents) (2.03) (2.76) (0.73)
Weighted average number of shares
On which :
Basic earnings is based 84 556 909 84 556 909
Headline loss per share is based 84 556 909 84 556 909
Condensed Statement of Changes in Equity
Share Share Total share Accumulated Total
Capital Premium Capital Loss Equity
R R R R R
Was:
Balance at
01 July 2010 845 569 9 901 507 10 747 076 (15 879 922) (5 132 846)
Changes in equity
Total comprehensive
income for the year - - - 1 387 114 1 387 114
Balance at
30 June 2011 845 569 9 901 507 10 747 076 (14 492 808)(3 745 732)
Is:
Balance at
01 July 2010 845 569 9 901 507 10 747 076 (15 879 922) (5 132 846)
Changes in equity
Total comprehensive
profit for the year - - - 765 955 765 955
Balance at
30 June 2011 845 569 9 901 507 10 747 076 (15 113 967)(4 366 891)
Condensed Statement of Financial Position
WAS IS Change
R R R
Assets
Non-Current Assets
Property, plant and equipment 3 805 859 3 184 699 621 160
Current Assets
Inventories - - Nil
Trade and other receivables 119 998 119 998 Nil
Cash and cash equivalents 361 725 361 725 Nil
Investment debtor 3 017 071 3 017 071 Nil
3 498 794 3 666 422
Non-current assets held for sale and
Assets of disposal groups - -
Total Assets 7 304 653 6 683 493 621 160
Equity and Liabilities
Equity
Share capital 10 747 076 10 747 076 Nil
Accumulated loss (14 492 808) (15 113 967) 621 159
(3 745 732) (4 366 891)
Liabilities
Non-Current Liabilities
Loans from shareholders 8 131 585 8 131 585 Nil
Current Liabilities
Trade and other payables 1 841 442 1 841 441 1
Provisions 1 077 358 1 077 358 Nil
2 918 800 2 918 799
Total Liabilities 11 050 385 11 050 385
Total Equity and Liabilities 7 304 653 6 683 493 621 160
Condensed Statement of Cash Flows WAS IS Change
R R R
Cash flows from operating activities
Cash used in operations 285 846 (768 587) 1 054 433
Cash flows of held for sale/
discontinued (2 368 321) - (2 368 321)
Finance costs - (25 016) 25 016
Adjustment to assets held for
Sale 120 040 - 120 040
Net cash from operating activities(1 962 435) (793 603) 1 168 832
Cash flows from investing activities
Sale of discontinued operations 6 500 000 5 348 239 1 151 761
Interest Income 17 071 17 071 Nil
Net cash from investing activities 6 517 071 5 365 310 1 151 761
Cash flows from financing activities
Repayment of shareholders loan (1 193 127) (1 193 127) Nil
Investment debtor (3 000 000) (3 017 071) 17 071
Net cash from financing activities(4 193 127) (4 210 198) 17 071
Total cash movement for the year 361 509 361 509
Cash at the beginning of the year 216 216
Total cash at end of the year 361 725 361 725
The differences were due to reallocations that arose out of the final audit.
The annual financial statements were audited by the Company`s auditors, Grant
Thornton, and their unmodified report is available for inspection at the
Company`s registered office.
The annual report contains a notice of annual general meeting for the Company,
which will be held on Tuesday, 8 February 2012 at 09h30 (or at any adjournment
or postponement thereof) at 203 Allan Road, Glen Austin, Midrand, to transact
the business as stated in the annual general meeting notice forming part of the
integrated annual report.
The board of directors of the Company has determined, in accordance with Section
59 of the Companies Act, 71 of 2008, as amended, that the record date for
shareholders to be recorded as shareholders in the securities register of the
Company in order to:
(i) be entitled to receive the notice of annual general meeting is Friday, 23
December 2011, and
(ii) be entitled to attend, speak and vote at the annual general meeting is
Friday, 27 January 2012.
The last date to trade to be entitled to attend, speak and vote at the annual
general meeting is Friday, 20 January 2012.
Vanderbijlpark
3 January 2012
Sponsor
Deloitte & Touche Sponsor Services (Pty) Limited
Date: 03/01/2012 15:08:00 Produced by the JSE SENS Department.
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