Eersteling Gold Mining Company Limited
(Registration number 1987/001814/06)
("Eersteling")
Preliminary results (unaudited) for the year ended 31 December 2000
12 months 12 months
ended ended
31/12/00 31/12/99
INCOME STATEMENT R'000 R'000
Turnover 27 10
Costs 18 141 5 306
Net loss for the period (18 114) (5 296)
Accumulated loss at beginning of year (34 087) (28 791)
Accumulated loss at end of year (52 201) (34 087)
Loss per share (cents) (117,2) (34,2)
Balance sheet R'000 R'000
Capital employed
Share capital and premium 67 570 67 570
Accumulated loss (52 201) (34 087)
Shareholders' interest 15 369 33 483
Provision for rehabilitation 723 723
Long-term loans 86 086 69 158
102 178 103 364
Employment of capital
Mining assets 103 633 103 633
Net current liabilities (1 455) (269)
102 178 103 364
COMMENTS
The loss for the period comprises interest of R1 930 000 and unrealised foreign
exchange losses of R15 307 000 relating to the holding company loan, with care
and maintenance costs of R877 000 making up the balance.
By order of the board
SE Hayden
Director
9 May 2001
24 9th Street
Lower Houghton
2198
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