|
Venter Leisure And Commercial Trailers Limited - Unaudited Interim Results For
The 6 Months Ended 30 June 2005
VENTER LEISURE AND COMMERCIAL TRAILERS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1985/070343/06)
Share code : VTL
ISIN : ZAE000007811
("VENTEL")
Unaudited Interim Results for the 6 months ended 30 June 2005
The unaudited interim results of the VENTEL Group are set out below :
Abridged Consolidated Income Statement Unaudited Unaudited Audited
30 June 30 June 31
2005 2004 December
2004
R"000 R"000 R"000
Revenue 22,244 21,864 47,838
Income from operations 1,602 1,624 2,881
Interest paid (648) (1,049) (956)
Income before relocation costs 954 575 1,925
Relocation (753) 0 (1,405)
costs
Income before taxation 201 575 520
Taxation (138) 0 (132)
Income attributable to ordinary 63 575 388
shareholders
Average number of shares in issue 50,495 50,495 50,495
("000)
Earnings per share (cents) 0.12 1.14 0.77
Headline earnings adjustment :
Loss on disposal of property, plant and 0 0.55 0.38
equipment (cents)
Headline earnings per share (cents) 0.12 1.69 1.15
Abridged Consolidated Balance Sheet Unaudited Unaudited Audited
30 June 30 June 31
2005 2004 December
2004
R"000 R"000 R"000
Assets
Non Current Assets
Property, Plant & Equipment 11,240 9,139 10,570
Intangible 961 0 1,067
Assets
Loan Receivable 285 0 389
Current Assets 22,630 21,589 26,602
Total Assets 35,116 30,728 38,628
Equity and Liabilities
Shareholders" 3,933 2,045 3,870
Equity
Non Current Liabilities
Interest Bearing Liabilities 18,793 19,870 19,310
Non interest bearing liability 1,003 1,003 1,003
Current 11,387 7,810 14,445
Liabilities
Total Equity and Liabilities 35,116 30,728 38,628
Net tangible asset value per share 5.89 4.05 5.55
(cents)
Unaudited Unaudited Audited
Abridged Consolidated Statement of 30 June 30 June 31
Changes in Equity 2005 2004 December
2004
R"000 R"000 R"000
Equity at beginning of period as 3,870 1,470 1,470
previously reported
Prior year adjustment : Reversal of 2,012
expense charged in error
Equity at beginning of period restated 3,870 1,470 3,482
Net income for the period attributable 63 575 388
to ordinary shareholders
Equity at end of period 3,933 2,045 3,870
Abridged Consolidated Cash Flow Unaudited Unaudited Audited
Statement 30 June 30 June 31
2005 2004 December
2004
R"000 R"000 R"000
Cash flows from operating activities 3,769 409 (547)
Cash flows from investing activities (1,412) (356) (3,584)
Cash flows from financing activities (601) (822) 1,091
Net cash and cash equivalents 1,756 (769) (3,040)
generated/(utilised)
Cash and cash equivalents at beginning (4,676) (1,636) (1,636)
of period
Cash and cash equivalents at end of (2,920) (2,405) (4,676)
period
COMMENTARY
The period under review
The turnover for the period improved by 2% to R22,2 million. The group returned
a profit from operations of R1,6 million. The headline earnings are 0,12 cents
per share.
The trailer factory has been moved successfully from Naboomspruit to Roodepoort.
Capital expenditure
Capital expenditure of R1,4 million was incurred during the period in the
relocation of the factory and offices.
The period ahead
Production processes are currently being reviewed with a view to optimising
efficiency.
Accounting policies
The accounting policies adopted for the purposes of this interim reporting
period comply with South African Statements of Generally Accepted Accounting
Practice and are consistent with those adopted in the prior financial year.
Change in board
A Cilliers resigned as an executive director of the company with effect from 6
June 2005, but remains on the board as a non executive director.
Dividend
No dividend is proposed for this period.
By order of the board
26 September 2005
D P Hamann J H Botha
Registered office Transfer secretaries
154 Axle Road Computershare Investor Services 2004 (Pty) Ltd
Devland, 2160 (Registration number 1958/003546/06)
(P O Box 57178 70 Marshall Street, Johannesburg
Springfield (P O Box 61051, Marshalltown, 2107)
2137)
Directors : D P Hamann, G E Hamann, N Hamann*, O J la Grange*, A Cilliers*, J H
Botha (*non executive)
Company secretary : Probity Business Services (Pty) Ltd
Date: 29/09/2005 11:24:10 AM Produced by the JSE SENS Department
| 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 ] | |||||||||||||
|
|||||||||||||
