Village Main Reef Gold Mining Company (1934) Limited
(Incorporated in the Republic of South Africa)
Reg. No 1934/005703/06
Interim report for the half-year ended 31 December 2000
Financial results
The unaudited results of the Company for the above period are as follows:
Income statement (Audited)
Year
Half-year ended ended
31 December 30 June
2000 1999 2000
R'000 R'000 R'000
Cost of operations (310) (263) (610)
Other income 257 315 606
- interest received 257 315 577
- sundry income - - 29
Taxation - - 50
(Loss)/profit after
taxation (53) 52 (54)
Transfer (from)/to
distributable reserve (53) 52 (54)
Earnings per share (0,9) 0,9 (0,9)
Balance sheet
as at 31 December 2000
(Audited)
31 December 30 June
2000 1999 2000
R'000 R'000 R'000
Assets
Non-current assets
Environmental
Rehabilitation Trust 1 546 2 240 1 515
Unlisted investment
- at cost 1 1 1
Current assets
Receivables 154 273 16
Cash and cash
equivalents 5 256 5 459 5 461
5 410 5 732 5 477
Total assets 6 957 7 973 6 993
Equity and liabilities
Share capital 758 758 758
Accumulated profit 4 045 4 204 4 098
4 803 4 962 4 856
Provision for
rehabilitation 1 546 2 240 1 515
Current liabilities
- non-interest bearing 608 771 622
Total liabilities 6 957 7 973 6 993
Cash flow statement
(Audited)
Year
Half-year ended ended
31 December 30 June
2000 1999 2000
R'000 R'000 R'000
Cash utilised by
current operations,
net of changes in
working capital (462) (414) (618)
Interest and sundry
income received 257 316 606
Cash utilised by
current operations (205) (98) (12)
Taxation paid during
the period - - 50
(205) (98) (62)
Dividends paid during
the period - - 34
Decrease in cash (205) (98) (96)
Operations
Rehabilitation activities continued during the period under review. These
activities will continue during the second half of the financial year, with the
objective of obtaining cancellation of the nuclear license as referred to in
the annual report for the financial year ended 30 June 2000.
The qualification which appeared in the June 2000 audit report continues to
apply as at the date of this interim report as it is still uncertain whether or
not adequate provisions for potential rehabilitation costs have been made in
this interim report.
For and behalf of the board Registered office
R F Delhove 56 Main Street
B J Funston Johannesburg
Directors 2001
22 March 2001
Directors: R P Menell (Chairman), B J Funston, D D de Beer, R F Delhove, N E
Roberts
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