| Thu 27 Sep 2001, 0:00 | | Stilfontein Gold Mining - Audited Results For The |
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STILFONTEIN GOLD MINING COMPANY LIMITED
Registration Number 1949/033412/06
Share Code: STI
ISIN: ZAE 000007118
AUDITED RESULTS FOR THE YEAR ENDING 30 JUNE 2001
Issued Capital 13 062 920 Ordinary Shares of 50 cents each
Financial Results
INCOME STATEMENT Year ended Year ended
30/06/2001 30/06/2000
R'000 R'000
Operating Revenue 161 656
Operating expenses - administrative (297) (685)
Operating expenses - other 672 (3 536)
Operating Profit /(Loss) 536 (3 565)
Net financing income 30 580
Loss before Tax 566 (2 985)
Taxation - (692)
Net profit/(loss) for the year 566 (3 677)
Funds released from non distributable
reserve due to capital recoupments and
movement in unlisted investments - 1 047
Headline earnings/(loss) per share-cents 4 (28)
Basic earnings/(loss) per share - cents 4 (28)
BALANCE SHEET
Assets
Non-current assets 7 995 7 995
Property, plant and equipment 7 966 7 966
Investments 29 29
Current assets 5 617 8 224
Receivables and prepayments 5 361 7 973
Cash and bank balances 256 251
Total assets 13 612 16 219
EQUITY AND LIABILITIES
Year ended Year ended
30/06/2001 30/06/2000
R'000 R'000
Capital and reserves 11 831 11 265
Share capital 6 531 6 531
Share premium 1 514 1 514
Retained earnings 3 786 3 220
Current Liabilities 1 781 4 954
Trade payables and provisions 1 781 2 149
Bank overdraft - 2 805
Total equity and liabilities 13 612 16 219
CASH FLOW STATEMENT
Year ended Year ended
30/06/2001 30/06/2000
Cash flow from operating activity
Cash utilised in operations 2 810 (6 431)
Tax paid - (607)
Net cash outflow - operating activities 2 810 (7 038)
Cash flow from investing activities
Proceeds on disposal of property, plant
and equipment - 980
Proceeds on the disposal of other
investments - 112
Net cash inflow from investing activities - 1 092
Net decrease in cash and cash equivalents 2 810 (5 946)
Cash and cash equivalents at the beginning
of the year (2 554) 3 392
Cash and cash equivalents at the end of
the year 256 (2 554)
STATEMENT OF SHAREHOLDERS EQUITY
Number of Stated Share Reserves Retained Total
Ordinary Capital Premium Earnings
Shares
R000 R000 R000
Balance at
30 June 1999 13 062 920 6 531 1 514 - 6 897 14 942
Loss for
the year -3 677 -3 677
Balance at
30 June 2000 13 062 920 6 531 1 514 0 3 220 11 265
Profit for
the year 566 566
Balance at
30 June 2001 13 062 920 6 531 1 514 0 3 786 11 831
During the period under review the company continued pumping operations on
behalf of Hartebeestfontein Gold Mining Company Limited, and rehabilitation
and maintenance on behalf of Rand Leases Properties and Mine Waste
Solutions.
No dividends were declared for the year ended 30 June 2001.
Directors: R.A.R.Kebble (Chairman),H.C.Buitendag,P.R.A.Ferguson,R.B.Kebble
Company Secretary: M.A.Eloff
Registered Office and Secretary: DRD Building,45 Empire
Road,Parktown,2193,PO Box 390,Maraisburg,1700
Telephone(011)482-4968 Telefax(011)482-1022
Transfer Secretaries:Computershare Services(Pty)Limited
4th Floor,Edura Building,41Fox Street,Johannesburg,PO Box 62391,
Marshalltown,2107,Republic of South Africa
Telephone(011)370-7743 Telefax(011)370-7916
United Kingdom Registrars:Computershare Services PLC,
Securities Services-Registrars,PO Box 82,The Pavillions,Bridgewater
Road,Bristol BS99 7NH
Telephone(0117)930-6600 Telefax(0117)930-6509
United Kingdom Secretaries:St.James's Corporate Services Limited,6
St.James's Place,London,SW1A 1NP
Telephone(020)499-3916 Telefax:(020)491-1989
French Agents:Euro Emetteurs Finance,48 Boulevard des
Batignolles,75850,Paris,CEDEX 17,Telephone(+331)5530 5900
Telefax(+331)5530 5910
