Community Technologies Limited
("C-Tech")
(Registration Number 88/03352/06)
Preliminary results for the financial year ended 31 December 2000
Preliminary results
The unaudited preliminary results for the C-Tech group for the year ended 31
December 2000 are set out below.
Abridged consolidated income statement
Unaudited results Audited results
for the year ended For the year ended
31 December 2000 31 December
R R
Turnover 14 205 361 Nil
Operating income/Loss 148 266 (761 237)
Net interest received/(paid) 4 947 (50 000)
Interest Received 4 947 Nil
Interest Paid - (50 000)
Loss from Associates - (45 909)
Net income before taxation 153 213 (857 146)
Taxation - -
Exceptional Items - (4 661 000)
Retained income for the year 153 213 (5 518 146)
Accumulated loss at beginning
of year (5 518 146) -
Accumulated loss at end of year (5 364 933) (5 518 146)
Earnings per share (cents) 0,50 (11,5)
Headline earnings per share
(cents) (1,33) (73,8)
Weighted average shares in issue 21 654 096 7 476 744
Abridged consolidated balance sheet
Unaudited Audited
31 December 2000 31 December 1999
R R
Capital employed
Stated capital 22 330 000 5 460 000
Long term liabilities 3 264 411 -
Accumulated loss (5 364 933) (5 518 146)
20 229 478 (58 146)
Employment of capital
Fixed assets 143 193 -
Goodwill 3 442 726 -
Investment in associate - 98 591
Deposit on investment 16 000 000 -
Current assets 2 456 950 124 240
Accounts receivable 1 665 680 52 500
Stock 714 862 -
Cash at bank & on hand 76 408 71 740
Current liabilities 1 813 391 280 977
Accounts payable 1 813 391 280 977
Net current assets/(liabilities) 643 559 (156 737)
20 229 478 (58 146)
Net asset value per share (cents) (74,96) (1,06)
Tangible net asset value per
share (cents) 62,20 (1,06)
Shares in issue at 31 December
2000 26 987 429 5 460 000
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
