|
Financial Results Announcement.
NINIAN AND LESTER HOLDINGS LIMITED
Reg. No.1969/002769/06
ISIN : ZAE 000004917 SHARE CODE : NIN
AUDITED ANNUAL FINANCIAL RESULTS ANNOUNCEMENT
The group trading results for the year ended 31 December, 2001
are as follows:
ABRIDGED INCOME STATEMENT
2001 2000
REVENUE 366 674 325 444 000
000
PROFIT BEFORE DEPRECIATION AND FINANCE 22 547 21 162 000
COSTS 000
DEDUCT 12 632 10 824 000
000
Depreciation 10 596 10 026 000
000
Interest paid 2 398 000 1 008 000
Interest received (362 000) (210 000)
PROFIT before taxation 9 915 000 10 338 000
Taxation 2 904 000 1 100 000
PROFIT after taxation attributable to 7 011 000 9 238 000
shareholders
Number of shares in issue 3 750 000 3 750 000
Earnings per share 187 cents 246 cents
Less: Profit on sale of fixed 8 cents 18 cents
assets
Headline earnings per share 179 cents 228 cents
Dividend per share - Interim - 10 cents
Final - 60 cents 75 cents
Special - 600 cents -
ABRIDGED BALANCE SHEET
ASSETS
Non-current assets
Property, plant and equipment 28 244 000 25 769 000
Current assets 148 485 000 123 959 000
Total assets 176 729 000 149 728 000
EQUITY AND LIABILITIES
Equity
Capital and reserves 90 490 000 108 789 000
Non-current liabilities
Interest bearing loans 7 000 000 -
Deferred taxation (1 072 000) 960 000
Current liabilities 80 311 000 39 979 000
Total equity and liabilities 176 729 000 149 728 000
ABRIDGED CASH FLOW STATEMENT
Cash utilised by operating (7 690 000) (10 500 000)
activities
Cash effects of financing 7 000 000 -
activities
Cash utilised in investment (12 750 000) (6 615 000)
activities
Net decrease in short term cash (13 440 000) (17 115 000)
resources
(Short term borrowings)/cash (466 000) 16 649 000
resources at beginning of year
Short term borrowings at end of (13 906 000) (466 000)
year
This report has been prepared in compliance with South African
Statements of Generally Accepted Accounting Practice.
In the year under review the group changed its accounting
policies for the provision of post-retirement benefits and
dividends payable and where applicable prior year figures have
been restated.
DIRECTORS' COMMENT
The results for the year were lower than those achieved in 2000
whilst shareholders' funds are also lower as a result of the
special dividend paid in July 2001. Difficult trading
conditions prevailed while margins came under continued
pressure.
DECLARATION OF DIVIDEND NO. 56
Notice is hereby given that a dividend of 60 cents per share
has been declared payable to shareholders. This is the only
distribution in respect of the financial year ended 31
December, 2001 as the special dividend was declared out of
reserves.
The last day to trade "CUM" the dividend in order to
participate in the dividend will be Friday, 5 April 2002. The
shares of Ninian will commence trading "EX" the dividend from
the commencement of business on Monday, 8 April, 2002, and the
record date will be Friday, 12 April, 2002.
Dividend warrants/transfers will be posted/initiated to
shareholders on Monday, 15 April, 2002.
No dematerialisation or rematerialisation of Ninian share
certificates may take place between Thursday, 28 March, 2002
and Friday, 12 April, 2002, both dates inclusive.
By order of the board
Transfer Secretaries: By Order of the Board
Mercantile Registrars Ltd. G W Rahmer, B.Com, M.B.L.,
C.A.(S.A.)
P O Box 1053 Secretary
JOHANNESBURG DURBAN
2000 21 March, 2002
| 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 ] | |||||||||||||
|
|||||||||||||
