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E-data Holdings Limited
(Renamed John Daniel Holdings Limited with effect from 3 February 2003)
(Incorporated in the Republic of South Africa)
(Registration number 1998/013215/06)
("E-data" or "the company"or "the group")
SHARE CODE : EDT
ISIN CODE : ZAE000015673
UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2002
INCOME STATEMENTS Group Group Group
unaudited unaudited audited
6 months 6 months 9 months
ended ended ended
31-Dec-02 31-Mar-02 30-Jun-02
R R R
Revenue - - -
Net loss before finance (55,519) (347,595)
income (389,400)
Net operating loss (55,519) (347,595)
(389,400)
Taxation -
Net loss attributable (55,519) (347,595)
to (389,400)
Shareholders
Number of shares in issue 115,162,500 115,162,500 115,162,5
00
Weighted number of shares 115,162,500 115,162,500 110,995,8
33
Earnings per share (cents) (0.05) (0.30)
(0.35)
Headline earnings per
share (0.05) (0.30) (0.35)
(cents)
Fully diluted earnings (0.05) (0.30)
per (0.34)
share (cents)
BALANCE SHEETS Group Group Group
reviewed unaudited audited
12 months 6 months 15 months
ended ended Ended
31 December 31 March 30 June
2002 2002 2002
R R R
Assets
Non -current assets - - -
Property, plant and equipment - - -
Intangible assets - - -
Investments - - -
Loan receivable - - - -
share
incentive trust
Current assets - - -
Inventories - - -
Trade and other receivables - - -
Bank balances - - -
Total assets - - -
31 December 31 March 30 June 2002
2002 2002
Equity and liabilities R R R
Capital and reserves (1,407,959) (1,310,6 (1,352,440)
35)
Share Capital 1,151,625 1,151,62
5 1,151,625
Share Premium 2,686,939 2,686,93
9 2,686,939
Non -distributable 5,359,358 5,359,35
reserve 8 5,359,358
Accumulated loss (10,605,881) (10,508,
557) (10,550,362)
Non current 1,209,387 1,119,94 1,060,000
liabilities 1
Current liabilities
198,572 190,694 292,440
Trade, provisions and 195,978 188,613
other payables 290,164
Bank overdraft 1,513 1,000
1,195
Taxation 1,081 1,081 1,081
Total equity and -
liabilities - -
Net asset value 0.0 0.0 0.0
per share
(cents)
Tangible net asset 0.0 0.0 0.0
value per
share ( cents)
STATEMENTS OF
CHANGES IN
EQUITY
Share Share Non- Accumulated Total
Capital Premium distributab loss
le reserve
R R
Opening balance
1,151,625 2,686,939 5,359,358 (10,550,362) (1,352,440)
Loss for year
(55,519) (55,519)
Closing
balances 1,151,625 2,686,939 5,359,358 (10,605,881) (1,407,959)
COMMENT ON RESULTS
E-Data was a shell company during the six months ended 31 December 2002 and has
recorded no turnover. The small loss is mainly as a result of the cost of
remaining listed. The accounts have been prepared in accordance with South
African Statements of Generally Accepted Accounting Practice. The accounting
policies are consistent with those applied in previous years. No dividends have
been declared for the period under review. No cash flow statement has been
prepared as shareholders loans were used to keep the business going and the cash
flow statement adds no further value to the results.
ACQUISITION OF JOHN DANIEL CONTAINERS LIMITED ("JDC")
E-data acquired JDC, a high technology heavy trailer manufacturer situated in
Mossel Bay, with effect from 24 January 2003 ("the acquisition") in terms of a
circular to shareholders dated 20 December 2002, and was renamed John Daniel
Holdings Limited ("JDH") with effect from 3 February 2003.
JDC has been engaged in technology development since its formation in 1997 and
has registered various patents in over 40 countries. JDC is now proceeding with
full-scale production, which should result in a breakthrough to profitability in
their current financial year ended 30 June 2003. The acquisition resulted,
inter alia, in a change of control and the reconstitution of the board of
directors. The company"s year-end will be changed to 30 June to coincide with
JDC"s year-end.
The results of the company in respect of the 6 months ended 30 June 2003 will
reflect JDH"s maiden financial report as a listed entity.
FURTHER CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the cautionary announcement dated 20 February 2003,
and are advised that the discussions referred to therein are still continuing.
Shareholders are accordingly advised to continue exercising caution in dealing
in their JDH shares on the JSE Securities Exchange South Africa until such a
time as a further announcement is made in this regard
By order of the board
Mossel Bay
2 April 2003
Registered office Transfer secretaries
Barrier Street, Mossdustria Computershare Investor Services Limited
Mossel Bay, 6500 70 Marshall Street, Johannesburg, 2001
(PO Box 2029 Mossel Bay,6500) (PO Box 61051 Marshalltown, 2107)
Sponsor
LPC Manhattan Sponsors
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