| Tue 16 Nov 2004, 15:57 | | NO CHANGE ANNOUNCEMENT |
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TIWHEEL - NO CHANGE ANNOUNCEMENT AND DETAILS OF ANNUAL GENERAL MEETING
TIGER WHEELS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1970/011662/07)
(`Tiwheel` or `the company`)
Share Code : TIW ISIN: ZAE000007407
NO CHANGE ANNOUNCEMENT AND DETAILS OF ANNUAL GENERAL MEETING
Shareholders are referred to the audited financial results announcement for the
year ended 30 June 2004 published on 2 September 2004. There have been no
changes to the results published in that announcement and those contained in the
Annual Financial Statements posted to shareholders today other than the ones
highlighted below.
BALANCE SHEET (All amounts in R`000)
Non-current assets for 30 June 2003 were previously reported as 820,384 - it is
now reported as 818,623.
Property, plant and equipment for 30 June 2003 were previously reported as
784,970 - it is now reported as 784,908.
Goodwill for 30 June 2003 was previously reported as 15,343 - it is now reported
as 15,405.
Financial assets for 30 June 2004 were previously reported as 9,797 - it is now
reported as 11,424.
Financial assets for 30 June 2003 were previously reported as 11,412 - it is now
reported as 9,651.
Deferred taxation for 30 June 2004 was previously reported as 4,483 - it is now
reported as 2,856.
Current assets for 30 June 2004 were previously reported as 1,123,695 - it is
now reported as 1,130,143.
Current assets for 30 June 2003 were previously reported as 988,651 - it is now
reported as 988,412.
Trade and other receivables for 30 June 2004 were previously reported as 464,569
- it is now reported as 483,340.
Trade and other receivables for 30 June 2003 were previously reported as 492,639
- it is now reported as 494,400.
Taxation for 30 June 2004 was previously reported as 13,211 - it is now reported
as 888.
Total assets for 30 June 2004 were previously reported as 1,952,126 - it is now
reported as 1,958,574.
Current liabilities for 30 June 2004 were previously reported as 764,640 - it is
now reported as 771,088.
Trade and other payables for 30 June 2004 were previously reported as 592,040 -
it is now reported as 561,615.
Trade and other payables for 30 June 2003 was previously reported as 591,304 -
it is now reported as 591,952
Provisions for 30 June 2004 were previously reported as 44,396 - it is now
reported as 74,821.
Provisions for 30 June 2003 were previously reported as 83,262 - it is now
reported as 82,614.
Taxation for 30 June 2004 was previously reported as 10,963 - it is now reported
as 17,411.
Total equity and liability for 30 June 2004 was previously reported as 1,952,126
- it is now reported as 1,958,574.
CASH FLOW STATEMENT (All amounts in R`000)
Operating activities for 30 June 2004 was previously reported as 295,243 - it is
now reported as 307,932.
Investing activities for 30 June 2004 was previously reported as (181,375) - it
is now reported as (189,606).
Financing activities for 30 June 2004 was previously reported as 63,956 - it is
now reported as 59,498.
The Annual General Meeting of the company will be held at Tiwheel, cnr Old
Pretoria Road and the K101, Midrand, on Wednesday, 8 December 2004 at 15:00. The
notice of the meeting is contained in the abovementioned Annual Financial
Statements.
Johannesburg
16 November 2004
Sponsor
SASFIN CORPORATE FINANCE
DIVISION OF SAFIN BANK LIMITED
