Pinnacle Technology Holdings Limited -
year ended 30 June 2002
Pinnacle Technology Holdings Limited
(Registration number 1986/000334/06)
Share code: PNC ISIN: ZAE000022570
("the group" or "the company")
www.pinnacle.co.za
RESTATEMENT OF Audited RESULTS for the year ended 30 June 2002
Following a review by the JSE Securities Exchange South Africa in conjunction
with the GAAP Monitoring Panel, the audited results in respect of the year ended
30 June 2002 had to be restated, primarily as a result of non-compliance by the
group and the company in certain circumstances with the latest South African
statements of Generally Accepted Accounting Practice ("GAAP"). The details of
the adjustments are disclosed in the restated annual report for the year ended
30 June 2002.
The reviewed interim results for the six months ended 31 December 2002, which
appear elsewhere in this publication, incorporates these restated results.
For a full appreciation of the adjustments, shareholders are referred to the
restated annual report for the year ended 30 June 2002, which will be mailed
together with this announcement.
Revised audit report for the year ended 30 June 2002
A revised audit report has been issued together with the restated 30 June 2002
results with no change to the unqualified audit opinion. The audit report now
states that the company and the group comply with Statements of GAAP. The
revised unqualified audit report is available for inspection at the registered
office of the company.
By order of the board
Midrand
27 March 2003
Registered Office:
Pinnacle Park
269 16th Road
Randjespark
Midrand
Directors:
C. Biddlecombe* (Chairman), A. J. Fourie (Chief Executive Officer),
L. Fourie, D. Lelo*, A. Tugenhaft* *Non-executive
Sponsor:
LPC Manhattan Sponsors (Pty) Ltd
Auditor:
Du Toit, Greeff & Du Plooy Incorporated
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
