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Abridged group audited financial statements for the period ended 31 December 2014
New Frontier Properties Ltd
(Incorporated in the Republic of Mauritius on 5 June 2014)
(Registration number 123368C1/GBL)
SEM share code: NFP.N000
JSE share code: NFP
ISIN: MU0453N00004
(“New Frontier” or “the company”)
ABRIDGED GROUP AUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED
31 DECEMBER 2014
STATEMENT OF FINANCIAL POSITION
2014
USD
ASSETS
Non-current assets 1 700 000
Current assets 103 657
Total Assets 1 803 657
EQUITY AND LIABILITIES
Share capital and reserves
Owners' interest 779 323
Non-controlling interest 47 900
Non-current liabilities 606 776
Current liabilities 369 658
Total Equity and Liabilities 1 803 657
Net assets per share(US$) 0.83
Number of ordinary shares 938 736
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
FOR THE PERIOD FROM 05 JUNE 2014 (DATE OF INCORPORATION) TO 31 DECEMBER
2014
2014
USD
Revenue 114 329
Expenses
Administrative expenses (83 878)
Goodwill impaired (99 034)
Fair value loss on investment property (65 193)
Finance costs (25 637)
Loss before taxation (159 413)
Taxation -
Loss for the period (159 413)
Other comprehensive income -
Total comprehensive income for the period (159 413)
Basic loss per share (US$) (0.17)
Basic headline earnings per share (USD) 0.01
The company has no dilutionary instruments in issue.
Reconciliation between loss attributable to equity holders and headline earnings
USD
Loss attributable to ordinary equity holders of the parent entity (159 413)
Add impairment of goodwill 99 034
Add fair value loss on investment property 65 193
Headline earnings 4 814
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD FROM 05 JUNE 2014 (DATE OF INCORPORATION)
TO 31 DECEMBER 2014
Non-
Share Revenue controlling
capital deficit Total interests Total
USD USD USD USD USD
Balance at 05 June 2014 - - - - -
Issue of shares 938 736 - 938 736 - 938 736
Acquisition through business
combination - - - 33 350 33 350
Issue of shares to non-controlling
shareholders - - - 14 550 14 550
Total comprehensive income for the
period - (159 413) (159 413) - (159 413)
Balance at 31 December 2014 938 736 (159 413) 779 323 47 900 827 223
STATEMENT OF CASH FLOWS
FOR THE PERIOD FROM 05 JUNE 2014 (DATE OF NCORPORATION)
TO 31 DECEMBER 2014 2014
USD
Net cash generated from operating
activities 118 800
Net cash used in investing activities (65 183)
Net cash used in financing activities (51 260)
Net increase in cash and cash
equivalents 2 357
Movement in cash and cash
equivalents
At 05 June -
Net increase 2 357
At 31 December 2 357
COMMENTS
The Abridged financial statements for the period ended 31 December 2014 have been audited by BDO &
Co. and have been prepared in line with International Financial Reporting Standards.
New Frontier Properties Ltd's Board of Directors accepts full responsibility for the accuracy of the above
information prepared in accordance with International Financial Reporting Standards and issued pursuant to
SEM Listing Rule 12.14 and the Mauritian Securities Act 2005.
The abridged financial statements are available for inspection at the Company's registered office, 20th Floor,
Newton Tower, Sir William Newton Street, Port Louis.
The statement of direct and indirect interests of officers of the Company required under rule 8(2)(m) of the
Securities (Disclosure Obligations of Reporting Issuers) Rules 2007 of Mauritius is available upon request
from the Company Secretary, Osiris Corporate Solutions (Mauritius) Limited, 20th Floor, Newton Tower,
Sir William Newton Street, Port Louis.
By order of the Board
Osiris Corporate Solutions (Mauritius) Limited
Company Secretary - 26 March 2015
New Frontier has its primary listing on the Stock Exchange of Mauritius and a secondary listing on the AltX
of JSE.
JSE sponsor
Java Capital +27 11 283 0042
Company secretary
Osiris Corporate Solutions (Mauritius) Limited +230 650 4030
14 April 2015
This communique has been issued pursuant to the pre-listing statement and the SEM Listing Rules 11.3 and
12.14 and Rule 5(1) of the Securities (Disclosure Obligations of Reporting Issuers) Rules 2007.
The Board of Directors of New Frontier Properties Ltd accepts full responsibility for the accuracy of the
information contained in this Notice.
Date: 14/04/2015 12:45:00 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
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