|
DRD
DRDD
Drdgold Limited - Amendments To The Report To Shareholders For The Six Months
Ended 31 December 2005
DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
ARB number 086 277 616
JSE trading symbol: DRD
ISIN Code: ZAE000058723
Issuer code: DUSM
Nasdaq trading symbol: DROOY
ASX trading symbol: DRD
("DRDGOLD" or "the company")
AMENDMENTS TO THE REPORT TO SHAREHOLDERS FOR THE SIX MONTHS ENDED 31 DECEMBER
2005
Since the announcement of the unaudited interim results on SENS on 23 February
2006, the unaudited interim financial statements for the six months ended 31
December 2005 have been amended to incorporate the following changes made to the
prior comparative periods to take into account further effects of the transition
from South African Statements of Generally Accepted Accounting Practice ("SA
GAAP") to International Financial Reporting Standards ("IFRS").
CONSOLIDATED INCOME STATEMENT
6 months to Effect of 6 months to
30 Jun 2005 transition 30 Jun 2005
SA GAAP to IFRS IFRS
Rm Rm Rm
Net loss previously reported (145.8) (10.2) (156.0)
Adjusted for:
Depreciation - 1.6 1.6
Net loss restated (145.8) (8.6) (154.4)
6 months to Effect of 6 months to
31 Dec 2004 transition 31 Dec 2004
SA GAAP to IFRS IFRS
Rm Rm Rm
Net loss previously reported (370.1) (16.1) (386.2)
Adjusted for:
Depreciation - (0.8) (0.8)
Net loss restated (370.1) (16.9) (387.0)
The net loss for the six months ended 31 December 2005 remained unchanged.
CONDENSED CONSOLIDATED BALANCE SHEET
As at 31 Dec 2005 30 Jun 2005 31 Dec 2004
Rm Rm Rm
Employment of Capital
Net mining assets 986.9 780.8 721.7
Investments 145.8 108.3 213.8
Environmental trust funds 55.2 42.9 144.4
Other non-current assets 243.2 219.2 191.9
Current assets 348.6 397.3 339.4
Inventories 137.9 104.4 101.6
Trade and other receivables 72.9 51.7 94.7
Cash and cash equivalents 137.8 241.2 143.1
1 779.7 1 548.5 1 611.2
Capital employed
Shareholders equity 662.0 637.5 486.2
Shareholders interest 633.5 631.7 480.4
Minority shareholders interest 28.5 5.8 5.8
Long-term borrowings 11.9 359.4 300.6
Post retirement health care
provisions 18.0 - -
Derivative instruments 7.5 3.7 9.7
Rehabilitation 289.7 151.0 242.6
Deferred mining and income taxes 44.2 63.7 103.6
Provisions 62.6 45.7 72.3
Current liabilities 683.8 287.5 396.2
Trade and other payables 317.6 222.8 328.7
Derivative instruments-net - - 15.3
Current portion of long-term
borrowings 366.2 64.7 52.2
1 779.7 1 548.5 1 611.2
CONDENSED STATEMENT OF CHANGES IN EQUITY
6 months to 6 months to 6 months to
31 Dec 2005 30 Jun 2005 31 Dec 2004
Rm Rm Rm
Balance at the beginning of
the financial year 637.5 486.2 577.4
Minority shareholders interest
now reflected in shareholders
equity - - 5.8
Restated balance at the
beginning of the financial
year 637.5 486.2 583.2
Share capital issued 98.4 230.9 275.6
- for acquisition finance
and cash 94.1 240.7 281.9
- for share options exercised 1.0 - 0.5
- for increase in share based
payment reserve 6.8 5.3 5.3
- for costs (3.5) (15.1) (12.1)
Net loss attributed
to ordinary shareholders (69.9) (154.4) (387.0)
Net loss attributed
to minority shareholders (1.2) - -
Increase in minorities 23.9 - -
Currency translation
adjustments and other (26.7) 74.8 14.4
Balance as at the end of
the period 662.0 637.5 486.2
Reconciliation of headline loss
Net loss (69.9) (154.4) (387.0)
Adjusted for:
- impairment of assets and
investments (52.2) 75.6 214.0
- Loss/(gain)on discontinued
operations 6.3 (65.2) -
- Loss/(profit) on sale of
assets 3.4 - (3.0)
Headline loss (112.4) (144.0) (176.0)
20 March 2005
Johannesburg
Sponsor: Standard Corporate and Merchant Bank
Date: 22/03/2006 03:37:45 PM 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 ] | |||||||||||||
|
|||||||||||||
