|
Nexttvest Holdings Limited
(Registration number 85/03339/06)
(Incorporated in the Republic of South Africa) * ("Nexttvest")
INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2000
GROUP INCOME STATEMENT FOR THE 6 MONTHS ENDED 31 DECEMBER 2000
UNAUDITED
6 MONTHS 6 MONTHS
TO 31.12.2000 TO 31.12. 1999
R'000 R'000
Revenue 1 097 5 418
Operating (loss) profit before interest (Note) (57) 2 245
Net interest (paid) received (4) (9)
Profit (loss) before taxation (61) 2 236
Taxation (57) 1 125
Profit (loss) after taxation (118) 1 111
Outside shareholders' interest (12) 33
Attributable income (130) 1 078
Earnings per share (cents) (1.3) 1,12
Number of shares in issue ('000) 96 075 96 075
GROUP BALANCE SHEET AT 30 DECEMBER 2000
UNAUDITED UNAUDITED
31.12.2000 31.12.1999
ASSETS
Non-current assets 17 211 13 653
Fixed assets 3 988 1 674
Intangibles 12 604 11 769
Loans receivable 209
Investments 410 210
Current Assets 450 4887
Inventories 185 39
Accounts 250 4 848
Bank 15
Total assets 17 661 18 540
EQUITY AND LIABILITIES
Capital and reserves 15 240 16 033
Issued capital 63 791 63 791
(accumulated loss) (48 551) (47 758)
Outside shareholders interest 3 47
Non-current liabilities
Long-term borrowings 1 651 645
Current liabilities 767 1 815
Accounts payable 301 499
Taxation 428 1 224
Bank overdraft 38 54
Current portion of long term borrowings 38
Total equity and liabilities 17 661 18 540
Note: Taxation of R278 351 has been provided for whereas the directors
consider this should not be payable due to previous losses incurred in the
company
COMMENTS
The Group's consolidation efforts have reduced debt and created a more focussed
environment where mid term benefits should make-up for this years anticipated
loss.
Despite engineering setbacks the Group's new technology projects are making
progress and could still contribute during the current financial year.
As a result of depressed trading conditions the climate control business of
Airzone Holdings Ltd which is still trading at a profit expects a reduced
turnover over the next six months.
Consolidation of the Group's mineral benefication and energy technology
interests continues and commercial activity is expected within the next 18
months.
For and on behalf of the board.
Juan Conrade van Vreden
Chief Executive Officer
18 April 2001
| 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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.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 ] | |||||||||||||
|
|||||||||||||
