|
Village Main Reef Gold Mining Company (1934) Limited
(Incorporated in the Republic of South Africa)
(JSE Share code: VIL ISIN ZAE000007720)
(Registration number 1934/005703/06)
Interim report for the half-year ended 31 December 2001
Income statement
Reviewed Audited
Half-year Year
ended ended
31 December 30 June
2001 2000 2001
R'000 R'000 R'000
Cost of operations (159) (310) (584)
Other income 212 257 541
- interest received 209 257 496
- sundry income 3 - 45
Taxation 17 - -
Profit/(loss) after taxation 36 (53) (43)
Transfer to/(from)
distributable reserve 36 (53) (43)
Earnings/(loss) cents per share 0,6 (0,9) (0,7)
Balance sheet
Reviewed Audited
at 31 December 30 June
2001 2000 2001
R'000 R'000 R'000
Assets
Fixed asset 250 - 250
Non-current assets
Environmental
Rehabilitation Trust 1 344 1 546 1 286
Unlisted investment
- at cost 1 1 1
Current assets
Receivables 227 154 19
Cash and cash equivalents 4 844 5 256 5 095
5 071 5 410 5 114
Total assets 6 666 6 957 6 651
Equity and liabilities
Share capital 758 758 758
Accumulated profit 4 091 4 045 4 055
4 849 4 803 4 813
Provision for rehabilitation 1 344 1 546 1 286
Current liabilities
- non-interest bearing 473 608 552
Total liabilities 6 666 6 957 6 651
Cash flow statement
Reviewed Audited
Half-year Year
ended ended
31 December 30 June
2001 2000 2001
R'000 R'000 R'000
Cash utilised by current operations,
net of changes in working capital (446) (462) (627)
Interest and sundry income received 212 257 541
Cash utilised by current operations (234) (205) (86)
Increase in mining assets - - (250)
Taxation paid 17 - -
(251) (205) (336)
Dividends paid during the period - - 30
Decrease in cash (251) (205) (366)
Notes to the financial statements
The financial information for the half-year ended 31 December 2001 has
been prepared adopting the same accounting policies used in the most recent
annual financial statements and are in accordance with South African
Statements of Generally Accepted Accounting Practice. The financial
statements have been prepared on a break-up basis following the closure of
mining operations.
The qualification which appeared in the June 2001 audit report issued by
Ernst & Young continues to apply as at the date of this interim report, as
it is uncertain whether or not adequate provisions for potential
rehabilitation costs have been made in this report.
Operations
Rehabilitation activities continued during the period under review. These
activities will continue during the second half of the financial year, with
the objective of obtaining cancellation of the nuclear license as referred
to in the annual report for the financial year ended 30 June 2001.
For and behalf of the board Registered office
R P Menell (Chairman) 56 Main Street
D N Campbell (Director) Johannesburg
28 March 2002 2001
Directors:
R P Menell (Chairman), M Arnold, D N Campbell, F W Human, D N Murray
Secretaries:
Anglovaal Mining Limited
| 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 ] | |||||||||||||
|
|||||||||||||
