| Fri 30 Mar 2012, 11:35 | | SAC - SA Corporate - Posting of SA Corporate`s integrated annual report and |
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SAC
SAC
SAC - SA Corporate - Posting of SA Corporate`s integrated annual report and
details of the voluntary annual general meeting
SA Corporate Real Estate Fund
(Incorporated in the Republic of South Africa)
A Collective Investment Scheme in property registered in terms of the Collective
Investment Schemes Control Act, No. 45 of 2002 and managed by SA Corporate Real
Estate Fund Managers Limited
(Registration number 1994/009895/06)
Share Code: SAC ISIN Code: ZAE000083614
("SA Corporate" or "the Fund")
Posting of SA Corporate`s integrated annual report and details of the voluntary
annual general meeting
In compliance with section 3.22 of the JSE Limited Listings Requirements,
unitholders are advised as follows:
Integrated Annual report
Further to SA Corporate`s reviewed final results and distribution declaration
for the year ended 31 December 2011 that was published on 22 February 2012 ("the
SENS announcement"), the integrated annual report was posted on 30 March 2012.
The annual financial statements contain some adjustments to the SENS
announcement.
The adjustments comprise of:
Statement of Financial Position
* The disclosure of letting commissions has been reflected as a component of
Investment property in line with IAS17 paragraph 52, instead of being
disclosed as part of current and non-current other receivables and accrued
interest.
* The interest rate swap liability has been apportioned and disclosed between
current and non-current liabilities.
* Comparatives - The disclosure of letting commissions as a component of
Investment property has been applied to the 2010 comparative numbers
amounting to R41 320 000.
No adjustment was required for the Statement of Comprehensive Income and there
is a nil effect on the total comprehensive income attributable to unit holders.
As reported Adjustment As reported in
in SENS the annual
announcement financial
statements
R000
R000 R000
Statement of
financial position
Non-current assets
Letting commissions 25 524 15 590 41 114
Current assets
Other receivables
and accrued
interest 153 592 (15 590) 138 002
Non-current
liabilities
Interest rate swap 32 545 (18 813) 13 732
derivatives
Current liabilities
Interest rate swap
derivatives 0 18 813 18 813
Voluntary annual general meeting
Unitholders are advised that the voluntary annual general meeting of SA
Corporate will be held at 10h00 on Friday, 18 May 2012 in the Colosseum Meeting
Room, Property on Fifth, Mutual Park, Pinelands, Cape Town to transact the
business as stated in the notice of the voluntary annual general meeting forming
part of the integrated annual report.
The record date for the meeting is Friday, 11 May 2012, being the date on which
a person must be registered as a unitholder for purposes of being entitled to
vote at the voluntary annual general meeting.
Unitholders are further referred to the notice of voluntary annual general
meeting as contained in the integrated annual report and are advised that
Friday, 11 May 2012 is the record date for being entitled to vote at the
voluntary annual general meeting and not for being entitled to receive notice of
the voluntary annual general meeting.
Cape Town
30 March 2012
Sponsor
Nedbank Capital
Date: 30/03/2012 11:35:24 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.
