|
Village Main Reef Gold Mining Company (1934) Limited
(Incorporated in the Republic of South Africa)
(Share code: VIL ISIN ZAE000007720)
(Registration number 1934/005703/06)
("the Company")
Reviewed interim report for the half-year ended 31 December 2002
Balance sheet
Reviewed Audited
31 December 30 June
2002 2001 2002
R"000 R"000 R"000
Assets
Fixed asset 250 250 250
Non-current assets
Environmental
Rehabilitation Trust 938 1 344 1 110
Unlisted investment
- at cost 1 1 1
Current assets 5 202 5 071 5 130
Receivables 34 227 72
Cash and cash
equivalents 5 168 4 844 5 058
Total assets 6 391 6 666 6 491
Equity and liabilities
Share capital 758 758 758
Accumulated profit 4 206 4 091 4 104
4 964 4 849 4 862
Provision for
rehabilitation 938 1 344 1 130
Current liabilities
- non-interest bearing 489 473 499
Total liabilities 6 391 6 666 6 491
Net asset value
per share (cents) 81,8 79,9 80,1
Cash flow statement
Reviewed Audited
Half-year Year
ended ended
31 December 30 June
2002 2001 2002
R"000 R"000 R"000
Cash utilised by
current operations,
net of changes in
working capital (188) (446) (565)
Interest and sundry
income received 298 212 528
Cash generated/(utilised)
by current operations 110 (234) (37)
Taxation paid - 17 -
110 (251) (37)
Dividends paid during
the period - - -
Increase/(decrease)
in cash 110 (251) (37)
Income statement
Reviewed Audited
Half-year Year
ended ended
31 December 30 June
2002 2001 2002
R"000 R"000 R"000
Cost of operations (196) (159) (479)
Other income 298 212 528
- interest received 298 209 444
- sundry income - 3 84
Taxation - 17 -
Earnings 102 36 49
Earnings
per share (cents) 1,7 0,6 0,8
Headline earnings
per share (cents) 1,7 0,6 0,8
Number of shares
in issue throughout
period 6 068 446 6 068 446 6 068 446
Statement of changes in equity
Reviewed Audited
Half-year Year
ended ended
31 December 30 June
2002 2001 2002
R"000 R"000 R"000
Balance at beginning
of period 4 862 4 813 4 813
Earnings 102 36 49
Balance at end
of period 4 964 4 849 4 862
Headline earnings
Earnings per
income statement 102 36 49
Headline earnings 102 36 49
Notes to the financial statements
The financial statements are prepared on the historical cost basis, are in
accordance with South African Statements of Generally Accepted Accounting
Practice, and have been prepared on the basis that operations have been
curtailed. The directors are of the opinion that the Company"s assets will
realise at least the values at which they are stated in the balance sheet. The
accounting policies are consistent with the prior year.
Review by auditors
The financial information set out in the reviewed results has been reviewed
by the Company"s auditors Ernst & Young. They draw attention to the accounting
policy note which states that the financial statements have been drawn up on a
break-up basis. Their qualified opinion is available for inspection at the
Company"s registered office.
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 year ended 30 June 2002.
For and behalf of the board
R P Menell (Chairman) D N Campbell (Director)
13 March 2003
Directors: R P Menell (Chairman), M Arnold, D N Campbell, F W Human,
D N Murray
Secretaries: Anglovaal Mining Limited
Registered office: 56 Main Street
Johannesburg 2001
PO Box 62379
Marshalltown 2107
| 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 ] | |||||||||||||
|
|||||||||||||
