|
FREE STATE DEVELOPMENT AND INVESTMENT CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1944/016931/06)
Share code: FRE ISIN: ZAE000002739
(Freddev or "the company")
INTERIM report FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2001
Consolidated Income Statements
Six months Six months Year
ended ended ended
30 Sept 30 Sept 31 March
2001 2000 2001
R'000 R'000 R'000
Unaudited Unaudited Audited
Interest received 2 464 2 345 4 802
Licence fees received 3 3 6
2 467 2 348 4 808
Cost of administration (380) (312) (1 225)
Income before abnormal items 2 087 2 036 3 583
Abnormal items - - 21
Income before taxation 2 087 2 036 3 604
Taxation 626 611 1 075
Net income for period 1 461 1 425 2 529
Basic earnings per share
(cents) 6,6 6,4 11,4
Headline earnings per share
(cents) 6,6 6,4 11,3
Number of ordinary
shares in issue ('000) 22 227 22 227 22 227
Notes:
1. Dividend
No interim dividend has been declared.
2. Discussions are continuing with outside parties with regard to
optimising shareholder value. Shareholders will be kept advised accordingly.
3. Legal proceedings against Anglo American Platinum Ltd. with regard to
the Styldrift 90 JQ mineral rights dispute continue.
4. Shareholders equity R'000
Balance at 1 April 2001 54 093
Retained earnings for period 1 461
Balance at 30 September 2001 55 554
Consolidated BALANCE SHEETS
30 Sept 30 Sept 31 March
2001 2000 2001
R'000 R'000 R'000
Unaudited Unaudited Audited
Assets
Non-current assets
Mineral and participation
rights and cost of exploration 7 943 7 943 7 943
Current assets 48 980 46 565 47 032
Accounts receivable 39 62 135
Cash and cash equivalents 48 941 46 503 46 897
Total assets 56 923 54 508 54 975
Liabilities and
shareholders' equity
Current liabilities 1 369 1 519 882
Accounts payable 743 908 592
Taxation 626 611 290
Total liabilities 1 369 1 519 882
Shareholders' equity (Note 4) 55 554 52 989 54 093
Total liabilities and
shareholders' equity 56 923 54 508 54 975
Net asset value per share (cents) 250 238 243
Consolidated CASH FLOW STATEMENTS
Six months Six months Year
Ended ended ended
30 Sept 30 Sept 31 March
2001 2000 2001
R'000 R'000 R'000
Unaudited Unaudited Audited
Net increase in cash
and cash equivalents arising
from operating activities 2 044 625 1 019
The financial statements of the company have been prepared in accordance
with statements of Generally Accepted Accounting Practice, which are
consistant with those used at 31 March 2001, the company's financial year
end.
On behalf of the board
V G Bray
R B Kebble Directors
21 December 2001
Head office and registered office
28 Harrison Street
Johannesburg, 2001
Postal address
PO Box 61719
Marshalltown, 2107
Transfer secretaries
Mercantile Registrars Limited
8th Floor, 11 Diagonal Street
Johannesburg, 2001
(PO Box 1053, Johannesburg, 2000)
| 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 ] | |||||||||||||
|
|||||||||||||
