Bryant Technology Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/011846/06)
Unaudited results for the six months ended 31 December 2000
Income statement
Unaudited Unaudited Unaudited
6 months 6 months 6 months
to 31 Dec to 30 June to 31 Dec
2000 2000 1999
R'000 R'000 R'000
Revenue 2 568 2 160 4 573
Operating loss (728) (1 125) (4 056)
Interest received 86 40 123
Net loss before tax (642) (1 085) (3 933)
Tax - - (5)
Net loss after tax (642) (1 085) (3 938)
Dividends paid - - -
Loss for period (642) (1 085) (3 938)
Shares in issue ('000) 196 000 196 000 196 000
Earnings per share (cents) (0,33) (0,55) (2,01)
Headline earnings per share (cents) (0,33) (0,55) (2,01)
Balance sheet
Unaudited Audited
actual actual
at 31 Dec at 30 June
2000 2000
R'000 R'000
Assets
Fixed assets 181 211
Current assets 4 768 4 942
Inventories 2 577 2 768
Accounts receivable 422 333
Bank balances and cash 1 769 1 841
Total assets 4 949 5 153
Represented by:
Equity and liabilities
Sharehodlers' interest 1 652 2 294
Share capital 2 2
Share premium 11 803 11 803
Accumulated loss (10 153) (9 511)
Long-term loans 1 850 1 850
Current liabilities 1 447 1 009
Accounts payable 1 447 1 009
Total equity and liabilities 4 949 5 153
COMMENTS
The company has continued to preserve a healthy net current asset base with a
high proportion of cash resources. This is despite, as previously reported, the
progress in returning the company to profitability being slower than originally
anticipated. However, the actions taken since March 2000 have continued to have
a beneficial effect on reducing the reported losses. The benefits of certain
product repositioning, culminating from developments and adaptations instigated
during the latter half of the calendar year 2000, are expected to commence
during the final months of the financial year 2001.
Litigation to redress the adverse consequences, suffered by the company,
resulting from defective product received from a supplier, is progressing.
No dividend has been declared.
W J T Marchant
Director
11 April 2001
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