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PROFIT ANNOUNCEMENT AND DIVIDEND DECLARATION FOR THE
YEAR ENDED 30 JUNE 2002
KWV INVESTMENTS LIMITED
(Registration number 1979/007263/06)
JSE share code: KWV ISIN number: ZAE000004016
Profit announcement and dividend declaration
for the year ended 30 June 2002
The unaudited results of KWV Investments Limited for the year ended 30 June 2002
are as follows:
2002 2001 %
R`000 R`000 change
Dividends from associate 44 592 7 041 533,3
Administrative expenses (517) (603)
Interest received 15 30
Equity accounted earnings 26 353 27 800 (5,2)
Share of earnings of associate 85 851 63 571
Share of exceptional items
of associate (14 906) (28 730)
Less: Dividends received
from associate (44 592) (7 041)
Profit before taxation 70 443 34 268
Taxation (4) (8)
Net profit attributable to
ordinary shareholders 70 439 34 260 105,6
Adjusted for exceptional items
of associate (net of taxation) 14 906 28 730
Headline earnings 85 345 62 990 35,5
Ordinary shares
issued (thousands) 42 000 42 000
Cents Cents
Earnings per share
- attributable earnings 167,7 81,6
- headline earnings 203,2 150,0
Dividend per share 96,395 72,500
- interim 48,895 16,764
- final (declared after year-end) 47,500 55,736
In accordance with the amended statement of GAAP (AC107) the dividends received
from Distell Group Limited (Distell) in 2001 reflect only the interim dividend
of March 2001, whereas both Distell`s final dividend of September 2001 and its
interim dividend of March 2002 are included in the 2002 results.
Particulars of associate company
The main asset of the company is an effective interest of 30% in the issued
share capital of Distell. Each share of KWV Investments Limited represents 1,397
issued shares in Distell. The dividend income of KWV Investments Limited is
sourced solely from this company.
Declaration of dividend
The directors have resolved to declare a final dividend of 47,5 cents per share.
Last day to trade "cum" dividend Friday 6 September 2002
Trading "ex" dividend commences Monday 9 September 2002
Record date Friday 13 September 2002
Dividend payment date Monday 16 September 2002
Share certificates may not be dematerialised or rematerialised between Monday 9
September 2002 and Friday 13 September 2002, both days inclusive.
Report of the reporting accountant
This report is available for inspection at the registered office of the company.
Annual report
The annual report of the company will be posted to shareholders before the end
of September 2002.
Signed on behalf of the board of directors
LN Jonker WJ Barnard
Chairman Director
Paarl
20 August 2002
KWV Investments Limited is a subsidiary of KWV Group Limited
Date: 20/08/2002 05:44:00 PM Produced by the JSE SENS Department
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