ACU LIVE:
OPN 0
/ BID 0
/ OFF. 0
/ MOV. 0
/ VOL 0
/ DIV. YLD 0
/ LST TRADE VOL 0
/ VAL. 0
/ AVG. PRICE 0
Annual Report March 2011
| Share Capital R'000 | Share Premium R'000 | Non- distributable reserve R'000 | Accumulated loss R'000 | Total R'000 | |
|---|---|---|---|---|---|
| GROUP | |||||
| Balance at 31 March 2009 | 138 | 1 334 481 | 793 096 | (83 903) | 2 043 812 |
| Restatement of prior period balances | - | - | 132 098 | - | 132 098 |
| Restated balance at 31 March 2009 | 138 | 1 334 481 | 925 194 | (83 903) | 2 175 910 |
| Total comprehensive income/ (expense) for the year | |||||
| Profit for the year | 124 918 | 124 918 | |||
| Other comprehensive expense for the year | |||||
| Net change in fair value of listed investments | - | - | 149 824 | - | 149 824 |
| Net change in fair value of cash flow hedge recognised directly in other comprehensive income (restated) | - | - | (10 558) | - | (10 558) |
| Total comprehensive expense for the year | - | - | 139 266 | 124 918 | 264 184 |
| Transactions with owners, recorded directly in equity | |||||
| Issue of 525 000 shares in September 2009 | 1 | 8 695 | - | - | 8 696 |
| Proceeds | 1 | 8 724 | - | - | 8 725 |
| Share issue costs | - | (29) | - | - | (29) |
| Issue of 9 698 649 shares in October 2009 | 10 | 169 065 | - | - | 169 075 |
| Proceeds | 10 | 170 105 | - | - | 170 115 |
| Share issue costs | - | (1 040) | - | - | (1 040) |
| Issue of 1 280 000 shares in November 2009 | 1 | 23 542 | - | - | 23 543 |
| Proceeds | 1 | 23 582 | - | - | 23 583 |
| Share issue costs | - | (40) | - | - | (40) |
| Transfer to no-distributive reserve | - | - | 243 326 | (243 326) | - |
| Total transactions with owners | 12 | 201 302 | 243 326 | (243 326) | 201 314 |
| BALANCE 31 MARCH 2010 | 12 | 1 535 783 | 1 307 786 | (202 311) | 2 641 408 |
| Share Capital R'000 | Share Premium R'000 | Non- distributable reserve R'000 | Accumulated loss R'000 | Total R'000 | |
|---|---|---|---|---|---|
| GROUP | |||||
| Total comprehensive income/ (expense) for the year | |||||
| Profit for the year | - | - | - | 427 581 | 427 581 |
| Other comprehensive income/ (expense) for the year | |||||
| Net change in fair value of listed investments | - | - | (51 826) | - | (51 826) |
| Net change in fair value of cash flow hedge recognised directly in other comprehensive income | - | - | (714) | - | (714) |
| Total comprehensive expense for the year | - | - | (52 540) | 427 581 | 375 041 |
| Transactions with owners, recorded directly in equity | |||||
| Issue of 8 717 627 shares in July 2010 | 9 | 181 913 | - | - | 181 922 |
| Proceeds | 9 | 182 028 | - | - | 182 037 |
| Share issue costs | - | (115) | - | - | (115) |
| Issue of 2 471 153 shares in December 2010 | 2 | 59 613 | - | - | 59 615 |
| Proceeds | 2 | 59 676 | - | - | 59 678 |
| Share issue costs | - | (63) | - | - | (63) |
| Issue of 1 685 000 shares in January 2011 | 1 | 40 601 | - | - | 40 602 |
| Proceeds | 1 | 40 664 | - | - | 40 665 |
| Share issue costs | - | (63) | - | - | (63) |
| Issue of 600 000 shares in January 2011 | 1 | 14 488 | - | - | 14 489 |
| Proceeds | 1 | 14 492 | - | - | 14493 |
| Share issue costs | - | (4) | - | - | (4) |
| Transfer from non-distributable reserve | - | - | 444 601 | (444 601) | - |
| Total transactions with owners | 13 | 296 615 | 444 601 | (444 601) | 296 628 |
| BALANCE 31 MARCH 2011 | 163 | 1 832 398 | 1 699 847 | (219 331) | 3 313 077 |
| Share Capital R'000 | Share Premium R'000 | Non- distributable reserve R'000 | Accumulated loss R'000 | Total R'000 | |
|---|---|---|---|---|---|
| COMPANY | |||||
| Balance at 31 March 2009 | 138 | 1 334481 | (128 162) | (96 248) | 1 110 209 |
| Total comprehensive income/ (expense) for the year | |||||
| Loss for the year | - | - | - | (73 612) | (73 612) |
| Other comprehensive expense for the year | |||||
| Net change in fair value of listed investments | - | - | 149 824 | - | 149 824 |
| Net change in fair value of cash flow hedge recognised directly in other comprehensive income (restated) | - | - | (4 581) | - | (4 581) |
| Total comprehensive expense for the year | - | - | 145 243 | 73 612 | 71 631 |
| Transactions with owners, recorded directly in equity | |||||
| Issue of 525 000 shares in September 2009 | 1 | 8 695 | - | - | 8 696 |
| Proceeds | 1 | 8 724 | - | - | 8 725 |
| Share issue costs | - | (29) | - | - | (29) |
| Issue of 9 698 649 shares in October 2009 | 10 | 169 065 | - | - | 169 075 |
| Proceeds | 10 | 170 105 | - | - | 170 115 |
| Share issue costs | - | (1 040) | - | - | (1 040) |
| Issue of 1 280 000 shares in November 2009 | 1 | 23 542 | - | - | 23 543 |
| Proceeds | 1 | 23 582 | - | - | 23 583 |
| Share issue costs | - | (40) | - | - | (40) |
| Transfer from non-distributable reserve | - | - | 5 701 | (5 701) | - |
| Total transactions with owners | 12 | 201 302 | 5 701 | (5 701) | 201 314 |
| BALANCE 31 MARCH 2009 | 150 | 1 535 783 | 22 782 | (175 561) | 1 383 154 |
| Share Capital R'000 | Share Premium R'000 | Non- distributable reserve R'000 | Accumulated loss R'000 | Total R'000 | |
|---|---|---|---|---|---|
| Total comprehensive income/ (expense) for the year | |||||
| Profit for the year | - | - | - | 2 092 | 2 092 |
| Other comprehensive income/ (expense) for the year | |||||
| Net change in fair value of listed investments | - | - | (51 835) | - | (51 835) |
| Net change in fair value of cash flow hedge recognised directly in other comprehensive income | - | - | 5 938 | - | 5 938 |
| Total comprehensive income/ (expense) for the year | - | - | (45 897) | 2 092 | (43 805) |
| Transactions with owners, recorded directly in equity | |||||
| Issue of 8 717 627 shares in july 2010 | 9 | 181 913 | - | - | 181 922 |
| Proceeds | 9 | 182 028 | - | - | 182 037 |
| Share issue costs | - | (115) | - | - | (115) |
| Issue of 2 471 153 shares in December 2010 | 2 | 59 613 | - | - | 59 615 |
| Proceeds | 2 | 59 676 | - | - | 59 678 |
| Share issue costs | - | (63) | - | - | (63) |
| Issue of 1 685 000 shares in January 2011 | 1 | 40 601 | - | - | 40 602 |
| Proceeds | 1 | 40 664 | - | - | 40 665 |
| Share issue costs | - | (63) | - | - | (63) |
| Issue of 600 000 shares in January 2011 | 1 | 14 488 | - | - | 14 489 |
| Proceeds | 1 | 14 492 | - | - | 14 493 |
| Share issue costs | - | (4) | - | - | (4) |
| Transfer from non-distributable reserve | - | - | 17 780 | (17 780) | - |
| Total transactions with owners | 13 | 296 615 | 17 780 | (17 780) | 296 628 |
| BALANCE 31 MARCH 2011 | 163 | 1 832 398 | (5 335) | (191 249) | 1 635 977 |