|
Stilfontein - Unaudited Interim Results For The Six Months Ended 31 December
2004 And Further Cautionary Announcement
STILFONTEIN GOLD MINING COMPANY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1949/033412/06)
Share code: STI ISIN: ZAE000007118
(`the Company`)
UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2004
AND FURTHER CAUTIONARY ANNOUNCEMENT
INCOME STATEMENTS (ABRIDGED) Unaudited Unaudited Audited
Six months Six months Year
ended ended ended
31 December 31 December 30 June
2004 2003 2004
R`000 R`000 R`000
Net operating loss for the period (196) (202) (283)
Net finance income 300 376 573
Net income for the period before
taxation 104 174 290
Net income for the period 104 174 290
Earnings per share (cents)
- headline and attributable 0.8 1.3 2.2
Earnings per share calculation is
based
on the average weighted number of
shares in issue of 13 026 920 13 026 920 13 026 920
BALANCE SHEETS (ABRIDGED) Unaudited Unaudited Audited
31 December 31 December 30 June
2004 2003 2004
R`000 R`000 R`000
ASSETS
Non-current assets
Property, plant and equipment 7 876 7 881 7 876
Investments 131 131 130
8 007 8 012 8 006
Current assets 9 308 7 647 8 951
Total assets 17 315 15 659 16 957
LIABILITIES AND SHAREHOLDERS` EQUITY
Current liabilities
Non-interest bearing 7 647 6 228 7 393
Shareholders` equity 9 668 9 431 9 564
Total liabilities and
shareholders`equity 17 315 15 659 16 957
Net asset value per share (cents)
74.0 72.2 73.2
STATEMENTS OF CHANGES IN EQUITY Share Share Retained
capital premium earnings Total
R`000 R`000 R`000 R`000
Balance on 1 July 2003 6 531 1 514 1 208 9 253
Unclaimed dividends written-back - - 21 21
Net profit for the period - - 290 290
Balance on 1 July 2004 6 531 1 514 1 519 9 564
Net profit for the period - - 104 104
Balance on 31 December 2004 6 531 1 514 1 623 9 668
CASH FLOW STATEMENTS (ABRIDGED) Unaudited Unaudited Audited
Six months Six months Year
ended ended ended
31 December 31 December 30 June
2004 2003 2004
R`000 R`000 R`000
Net cash flows utilised in
operating activities (533) (223) (1 117)
Net cash flows from/(to) investing
activities 132 35 (61)
Net cash flow (to)/from financing
activities (47) - 21
Net decrease for the period (448) (188) (1 157)
Cash and cash equivalents at
beginning of period 5 639 6 796 6 796
Cash and cash equivalents at end of
period 5 191 6 608 5 639
NOTES TO THE FINANCIAL STATEMENTS
1. Basis of accounting These results are prepared in accordance with South
African Statements of Generally Accepted Accounting Practice (`GAAP`) and
Schedule 4 of the Companies Act. These accounting policies are consistent
with those used in the annual financial statements of the year ended 30 June
2004.
2. There has been no change in contingent liabilities since 30 June 2004.
3. No provision for taxation has been made as the Company has a calculated
assessable loss
Cautionary announcement
During the period under review, the Company carried out
pumping operations on behalf of Hartebeesfontein Gold Mine, a division of
Buffelsfontein Gold Mine Limited, which is a subsidiary of DRD Gold Limited
(DRD North West Operations). Recent SENS releases and press announcements have
stated that these operations have been placed under provisional liquidation.
A cautionary announcement was issued on 23 March 2005 whereby shareholders were
advised that the full impact of the abovementioned action was being determined
and may have a material effect on the price of the Company`s securities.
Accordingly, shareholders are advised to continue to exercise caution when
dealing in the Company`s securities until a full announcement is made.
For and on behalf of the board
R A R Kebble H C Buitendag Johannesburg
Chairman Director 30 March 2005
Company Secretaries: Consolidated Mining Management Services Limited
Registered Office: 28 Harrison Street, Johannesburg, 2001
(PO Box 11165,Johannesburg, 2000)
Transfer Secretaries: Computershare Investor Services2004 (Proprietary) Limited
70 Marshall Street, Johannesburg, 2001 (PO Box61051, Marshalltown, 2107)
United Kingdom Registrars: Capita Registrars, The Registry, 34 Beckenham Road,
Kent BR3 4TU, Telephone: +44 (0870) 162 3100Telefax: +44 (20) 8639 2142
United Kingdom Secretaries: St. James`s Corporate Services Limited
6 St James`s Place, London. SW1A 1NP
Telephone: +9 44 20 7499 3916 Telefax: +9 44 20 7491 1989
French Agents: Euro Emetteurs Finance,
48 Boulevard des Batignolles, 75850 Paris, CEDEX 17, France
Telephone: +331 5530 5900 Telefax: +331 5530 5910
| 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 ] | |||||||||||||
|
|||||||||||||
