BIBIDV - Availability of the Guarantor’s Interim Results for the six month period ended 31 December 2020
(Incorporated in the Republic of South Africa)
(Registration No. 1966/011512/06)
Company code: BIBIDV
(“Bidvestco” or the “Issuer”)
AVAILABILITY OF THE GUARANTOR’S INTERIM RESULTS FOR THE SIX MONTH PERIOD ENDED 31 DECEMBER
Pursuant to paragraph 6.17 of the JSE Limited Debt Listings Requirements, noteholders are advised that the
interim results of The Bidvest Group Limited (the “Guarantor”) for the six month period ended 31 December
2020 (the “interim results”), are available for inspection at the Issuer’s registered office.
The interim results are also available on the Guarantor’s website at https://www.bidvest.co.za/financial-
Noteholders are further advised that the following restatements of comparatives were included in the interim
1. The 30 June 2020 comparative condensed consolidated statement of financial position has been
restated as a result of the finalisation of the Purchase Price Allocation of the PHS Group acquisition;
2. Net impairment losses on financial assets, in accordance with IAS 1, were disclosed as a separate line
item in the consolidated income statement for the first time for the year ending 30 June 2020,
consequently the comparative period to 31 December 2019 has been restated accordingly;
3. Geographic segmentation was included for the first time for the year ending 30 June 2020,
consequently the comparative period to 31 December 2019 has been restated accordingly; and
4. As a result of the Guarantor’s decision to exit the Bidvest Car Rental (BCR) business, BCR was classified
as a disposal group held for sale and as a discontinued operation as at 30 June 2020, which resulted in
the restatement of the condensed consolidated income statement, headline earnings, condensed
consolidated cash flow statement, condensed disaggregated revenue, condensed segmental revenue
and condensed segmental trading profit for the comparative period to 31 December 2019.
For further information on the restatements, please refer to the interim results.
1 March 2021
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 01-03-2021 07:20:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.