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AH-VEST LIMITED - Posting Of Integrated Report, Restatement Of Previously Published Results For Minor Rounding Differences

Release Date: 15/11/2018 09:19
Code(s): AHL     PDF:  
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Posting Of Integrated Report, Restatement Of Previously Published Results For Minor Rounding Differences

AH-VEST LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1989/000100/06)
Share code: AHL        ISIN code: ZAE000129177
(“AH-Vest” or “the Company”)


Posting Of Integrated Report, Restatement Of Previously Published Results For Minor Rounding 
Differences, Notice Of Annual General Meeting And Availability Of Broad-Based Black Economic 
Empowerment Annual Compliance Report


Changes to previously published results
Shareholders are advised that the company’s integrated annual report incorporating, inter alia,
the audited annual financial statements for the year ended 30 June 2018 and a notice of annual
general meeting, will be posted to shareholders on or about 15 November 2018 and is available 
on the company’s website www.alljoy.co.za.

Shareholders are advised that the JSE Listings Requirements provide for the publication of results
where there are any changes to the annual financial statements, even if these amendments are
immaterial. Certain line items in the annual financial statements contain minor rounding
differences compared to the results for 30 June 2018 as published in the audited consolidated
provisional results compared to the announcement of reviewed results published on SENS on 15
October 2018 (“the provisional results”). These changes are immaterial to the published provisional 
results and do not result in any changes to the earnings and headline earnings per share information 
previously published. The rounding differences occur in the condensed consolidated statement of 
financial position, statement of changes in equity, condensed consolidated statements of cash flows 
and these amended line items as well as the previously published figures (where different), are set 
out below:



Statement of Financial Position as at 30 June 2018

Figures in Rands                                          Published         Audited    Difference
                                                               2017            2017
EQUITY AND LIABILITIES
Capital and Reserves                                     19 562 163      19 562 155            -8

Description                                          Stated capital   Share Capital
Accumulated loss                                        (1 730 909)     (1 730 916)            -7

Current Liabilities                                      42 617 996      42 618 004             8
Trade and other payables                                 31 406 007      31 406 014             7


Condensed statement of changes in equity
                                                         Published          Audited    Difference
                                                              2017             2017
                                                                 R                R
Accumulated loss
Opening balance                                        (3 048 163)      (3 048 159)            4
Profit for the year                                      1 317 243        1 317 247           -4



Consolidated statement of cash flows – 30 June 2018
                                                        Published                     Difference
                                                         Reviewed          Audited
                                                       Year Ended       Year Ended
                                                          30 June          30 June
                                                             2018             2018
                                                                R                R
Purchase of property, plant and equipment               5 900 750        5 900 744           -6

Cash utilised in investing activities                 (7 127 233)      (7 127 227)            5

Net decrease in cash and cash equivalents             (4 335 609)      (4 335 603)            6

Cash and cash equivalents at end of year              (7 539 281)      (7 539 275)            6

Cash flows from operations
Increase in trade payables                            (5 933 330)      (5 933 333)           -3




Consolidated statement of cash flows – 30 June 2017
                                                          Published          Audited    Difference
                                                         Year Ended       Year Ended
                                                            30 June          30 June
                                                               2018             2017
                                                                  R                R
Cash flows from investing activities
Purchase of property plant and equipment                (5 095 409)      (5 095 408)            1
Cash utilised in investing activities                  (10 560 751)     (10 560 750)            1

Cash flows from financing activities
Loans received from shareholder                             244 783          244 782           -1
Loans repaid to shareholder                            (10 312 421)     (10 312 422)           -1
Cash (utilised in)/generated from financing activities    9 544 224        9 544 223           -1
                                     
Cash and cash equivalents at end of year                (3 203 672)      (3 203 671)           -1

Cash flows from operations (Heading changed)
Finance costs                                             3 030 781        3 030 780           -1

                                                          3 054 888        3 054 887            1



In addition to the above disclosures the notes on related parties has also been updated as follows:

                                                         Published          Audited     Difference
                                                        Year Ended       Year Ended
                                                           30 June          30 June
                                                              2018             2018
                                                                 R                R             R

Transactions with Eastern Trading
Interest received/ charged                               1 145 324        1 142 417         -2 907

Key Management remuneration
Executive directors’ remuneration                        5 152 945        5 070 668        -82 277
Non-executive directors’ remuneration                      247 500          251 550          4 050


The related party transactions with key management has decreased by R82 277 to exclude leave pay that 
had been included in error. The non- executive directors’ emoluments have increased by R4 050 to include 
statutory payments that had been excluded.

Notice of Annual General Meeting
Notice is hereby given that the annual general meeting of ordinary shareholders will be held at 10:00 on 
Thursday, 13 December 2018 at 15 Misgund Road, Eikenhof, Johannesburg, to transact the business as stated 
in the notice of annual general meeting forming part of the integrated annual report. The Annual Report 
will be posted to shareholders on or about 14 November 2018.

Record Dates
The record date to be on the securities register in order to receive the Annual Report is Friday, 9 November 
2018. The record date by which shareholders of the Company must be registered as such in the company’s 
securities register in order to attend and vote at the annual general meeting is Friday, 7 December 2018. 
The last day to trade in order to be eligible to vote at the annual general meeting will accordingly be 
Tuesday, 4 December 2018.

Broad-Based Black Economic Empowerment Annual Compliance Report
Shareholders are hereby notified that in accordance with the JSE Listings Requirements, the Company’s annual 
compliance report in terms of section 13G(2) of the Broad-Based Black Economic Empowerment Act 53 of 2003 read 
with the Broad-Based Black Economic Empowerment Amendment Act 46 of 2013, the Company’s BEE certificate, which 
is valid for the 2018/2019 period, is available on the Company’s website http://www.alljoy.co.za/.

Johannesburg
15 November 2018


Designated Advisor
Arbor Capital Sponsors Proprietary Limited



Date: 15/11/2018 09:19:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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