NOTES TO THE CONDENSED FINANCIAL STATEMENTS

1.  
These consolidated condensed financial statements are prepared in accordance with South African Statements of Generally Accepted Accounting Practice. The accounting policies used in the preparation of the interim financial statements are consistent with those used in the annual financial statements for the year ended 31 December 2003.
             UNAUDITEDAUDITED
             6 MONTHSYEAR
             ENDEDENDED
             30 JUNE31 DECEMBER
R MILLION                                                                 2004     20032003
2.
Revenue
Finance income4,68,012,1
4,68,012,1
3.
Exceptional item
Loss on dilution of interest in associate(0,1)-(0,6)
(0,1)-(0,6)
4.
Headline earnings/(loss)
Net loss attributable to shareholders(11,4)(67,0)(46,5)
Exceptional items (Note 3)0,1-0,6
Attributable share of headline earnings adjustments of associate company18,73,5(31,7)
Headline earnings/(loss)7,4(63,5)(77,6)
Weighted average number of shares in issue (million)897,8897,8897,8
Headline earnings/(loss) per share (cents)0,8(7,1)(8,6)
4.1  The dilution would arise as a result of any future conversion of convertible debentures. The directors are of the opinion that the debentures will not be converted in the foreseeable future and therefore no dilution is anticipated for the foreseeable future. No dilutive effect has been presented as this would be anti-dilutive.
5.
Current assets
Accounts receivable0,38,11,1
Amount owing by affiliated company0,21,80,4
Cash and cash equivalents16,10,89,6
16,610,711,1
6.
Current liabilities
Accounts payable0,80,90,8
Taxation1,31,91,6
Current portion of interest-bearing borrowings-1,6-
2,14,42,4

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