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Omnia - Notice Of Agm And Minor Changes To The Consolidated Balance

Release Date: 16/08/2006 11:57:01      Code(s): OMN
     Omnia - Notice of AGM and minor changes to the consolidated balance        
             sheets, income statements and consolidated cash flow statements    
     OMNIA HOLDINGS LIMITED                                                     
(Incorporated in the Republic of South Africa)                             
     (Registration number: 1967/003680/06)                                      
     Share Code: OMN                                                            
     ISIN Code: ZAE000005153                                                    
("Omnia" or the "Company")                                                 
     Notice Of Annual General Meeting And Minor Changes To The Consolidated     
     Balance Sheets, Income Statements And Consolidated Cash Flow Statements    
     Notice of annual general meeting:                                          
Notice is hereby given that the annual general meeting of the company will 
     be held on the 2nd Floor, Omnia House, 13 Sloane Street, Epsom Downs,      
     Bryanston, Johannesburg on Thursday, 21 September 2006 at 10:00 to         
     transact the business as stated in the notice of annual general meeting    
included in the Annual Report.                                             
     Minor changes to the consolidated balance sheets, income statements and    
     consolidated cash flow statements:                                         
     The company published its reviewed provisional results for the year ended  
31 March 2006 on 21 June 2006 and will distribute its Annual Report to     
     shareholders on or about 22 August 2006.  Subsequent to the publication of 
     the reviewed provisional results, and due to new disclosure requirements,  
     the following minor changes were made to the consolidated balance sheets,  
income statements and consolidated cash flow statements in respect of the  
     current and prior years:                                                   
     CONDENSED CONSOLIDATED BALANCE SHEETS                                      
     As at 31 March 2006              Reviewed                                  
Provisionals Adjustments       Audited        
     R"000                           31.3.2006                 31.3.2006        
     Assets                                                                     
     Property, plant and               642 333                   642 333        
equipment                                                                  
     Intangible assets                 454 845                   454 845        
     Unlisted investments and                                                   
     loans                                                                      
Deferred taxation                   3 737                     3 737        
     Non-current receivables               350      ( 350)                      
     Current assets                  1 397 231         350     1 397 581        
                                     2 498 496                 2 498 496        
Equity and liabilities                                                     
     Shareholders" equity            1 019 756                 1 019 756        
     Deferred taxation                  87 684                    87 684        
     Non-current liabilities            28 933                    28 933        
Current liabilities             1 362 123                 1 362 123        
                                     2 498 496                 2 498 496        
   CONDENSED CONSOLIDATED INCOME STATEMENTS                                     
   For the year ended 31 March          Reviewed                                
2006                                                                         
                                    Provisionals Adjustments     Audited        
   R"000                               31.3.2006              31.3.2006         
   Revenue                             4 324 842      6 418   4 331 260         
Cost of sales                     (3 467 762)      5 129 (3 462 633)         
   Gross profit                          857 080     11 547     868 627         
   Operating expenses                  (567 874)   (11 547)   (579 421)         
   Operating profit                      289 206                289 206         
Finance costs                        (58 961)               (58 961)         
   Interest paid                        (69 666)               (69 666)         
   Interest received                      12 741                 12 741         
   Forex loss                            (2 036)               ( 2 036)         
Forward cover cost on foreign                                                
   borrowings                                                                   
   Profit before taxation                230 245                230 245         
   Taxation                             (76 222)               (76 222)         
Net profit for the year               154 023                154 023         
   Attributable to:                                                             
   - Equity holders of the               153 695                153 695         
   Companhy                                                                     
- Minority interest                       328                    328         
                                         154 023                154 023         
   CONDENSED CONSOLIDATED CASH FLOW STATEMENTS                                  
   For the year ended 31 March          Reviewed                                
2006                                                                         
                                    Provisionals Adjustments   Audited          
   R"000                               31.3.2006             31.3.2006          
   Operating profit                      289 206               289 206          
Depreciation and amortisation          75 435                75 435          
   Adjustment for non-cash items        (10 870)              (10 870)          
   Finance costs                        (56 925)              (56 925)          
   Taxation paid                        (82 760)              (82 760)          
Movement in working capital             1 324       (350)       974          
   Generated/(utilised) by               215 410       (350)   215 060          
   operations                                                                   
   Dividends paid                       (60 460)              (60 460)          
Cash inflow/(outflow) from            154 950       (350)   154 600          
   operating activities                                                         
   Cash outflow from investing          (87 252)         350  (86 902)          
   activities                                                                   
Cash outflow from financing         (147 048)             (147 048)          
   activities                                                                   
   Net decrease in cash                 (79 350)              (79 350)          
   Net cash and cash equivalents       (196 568)             (196 568)          
at beginning of year                                                         
   Effects of exchange rate                  472                   472          
   movements                                                                    
   Net cash and cash equivalents       (275 446)             (275 446)          
at end of year                                                               
   CONDENSED CONSOLIDATED BALANCE SHEETS                                        
   As at 31 March 2005                  Reviewed                                
                                    Provisionals Adjustments   Audited          
R"000                               31.3.2005             31.3.2005          
   Assets                                                                       
   Property, plant and equipment         608 816               608 816          
   Intangible assets                     475 232               475 232          
Unlisted investments and loans             60                    60          
   Deferred taxation                       5 263                 5 263          
   Non-current receivables                                                      
   Current assets                      1 453 680             1 453 680          
2 543 051             2 543 051          
   Equity and liabilities                                                       
   Shareholders" equity                  921 894               921 894          
   Deferred taxation                      83 891                83 891          
Non-current liabilities                98 011                98 011          
   Current liabilities                 1 439 255             1 439 255          
                                       2 543 051             1 621 157          
   CONDENSED CONSOLIDATED INCOME STATEMENTS                                     
For the year ended 31 March          Reviewed                                
   2005                                                                         
                                    Provisionals Adjustments     Audited        
   R"000                               31.3.2005               31.3.2005        
Revenue                             4 270 155       7 712   4 277 867        
   Cost of sales                     (3 313 159)       5 844 (3 307 315)        
   Gross profit                          956 996      13 556     970 552        
   Operating expenses                  (559 537)    (13 556)   (573 093)        
Operating profit                      397 459                 397 459        
   Finance costs                        (68 995)                (68 995)        
   Interest paid                        (65 947)                (65 947)        
   Interest received                        8213                   8 213        
Forex loss                            (5 284)                 (5 284)        
   Forward cover cost on                 (5 977)                 (5 977)        
   foreign borrowings                                                           
   Profit before taxation                328 464                 328 464        
Taxation                            (111 273)               (111 273)        
   Net profit for the year               217 191                 217 191        
   Attributable to:                                                             
   - Equity holders of the               216 774                 216 774        
Companhy                                                                     
   - Minority interest                       417                     417        
                                         217 191                 217 191        
   CONDENSED CONSOLIDATED CASH FLOW                                             
STATEMENTS                                                                   
   For the year ended 31 March        Reviewed                                  
   2005                                                                         
                                  Provisionals Adjustments     Audited          
R"000                             31.3.2005               31.3.2005          
   Operating profit                    397 459                 397 459          
   Depreciation and                     67 571        (55)      67 516          
   amortisation                                                                 
Adjustment for non-cash            (14 087)          55    (14 031)          
   items                                                                        
   Finance costs                      (57 734)                (57 734)          
   Taxation paid                     (123 069)               (123 069)          
Movement in working capital       (294 028)               (294 028)          
   Generated/(utilised) by            (23 888)                (23 888)          
   operations                                                                   
   Dividends paid                     (44 227)                (44 227)          
Cash inflow/(outflow) from         (68 115)                (68 115)          
   operating activities                                                         
   Cash outflow from investing        (85 297)                (85 297)          
   activities                                                                   
Cash outflow from financing        (64 818)                (64 818)          
   activities                                                                   
   Net decrease in cash              (218 230)               (218 230)          
   Net cash and cash                    21 750                  21 750          
equivalents at beginning of                                                  
   year                                                                         
   Effects of exchange rate               (88)                    (88)          
   movements                                                                    
Net cash and cash                 (196 568)               (196 568)          
   equivalents at end of year                                                   
     Shareholders are advised that the above adjustments have no impact on      
     Omnia"s earnings, headline earnings, and net asset value per share as set  
out in the reviewed provisional results for the year ended 31 March 2006.  
     No abridged version of the audited financial statements is being published 
     as the financial information as published on 21 June 2006, other than as   
     set out above, is unchanged.                                               
Johannesburg                                                               
     16 August 2006                                                             
     Sponsor:                                                                   
     Barnard Jacobs Mellet Corporate Finance                                    
(Pty) Limited                                                              
Date: 16/08/2006 11:57:08 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                



                                        
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