MIDDLE EAST DIAMOND RESOURCES LIMITED - Financial results for the period ended 31 August 2016 (restated) Short-form announcement

Financial results for the period ended 31 August 2016 (restated) – 
Short-form announcement

MIDDLE EAST DIAMOND RESOURCES LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 2001/006539/06)
JSE share code: MED ISIN: ZAE000211876
(“MEDR” or “the company” or “the group”)


Financial results for the period ended 31 August 2016 (restated) –
short-form announcement

Financial Highlights

                                                              Restated   Previously
                                                                          reported
                                                         31 Aug 2016     31 Aug 2016     Change
Revenue                                                             -                -         -
EBITDA                                                    (1 526 468)     (1 526 468)          -
Basic earnings per share (cents)                               (0.35)           (0.35)         -
Headline earnings per share (cents)                            (0.35)           (0.35)         -
Net asset value per share (cents)                              (0.82)           (0.75)    (9.3%)
Net tangible asset value per share (cents)                     (0.82)           (0.75)    (9.3%)

Restatement of unaudited results for the period 31 August 2016

The unaudited financial results for the period ended 31 August 2016, which was released on SENS
on 7 December 2016, has been restated due to the following items:

                                                                 Effect on        Effect on
                                                               Statement of     Statement of
                                                              Comprehensive       Financial
                                                                 Income           Position
 Decrease in Outside Shareholders Interest (Credit)                         -       (324 989)
 Increase in Accumulated loss (Debit)                                324 989                -
 Decrease in Financial Assets (Credit)                                      -       (153 780)
 Decrease in Cash and cash equivalents (Credit)                             -         (1 200)
 Decrease in Other Financial Liabilities (Debit)                     154 980                -

The restatement did not affect the Statement of Comprehensive Income as previously reported.

Short-Form Statement

This short-form announcement is the responsibility of the directors. It is only a summary of the
information contained in the full announcement and does not contain full or complete details.

Any investment decision should be based on the full announcement accessible from 26 February
2021, via the JSE link and also available on the Company’s website at:
http://www.medr.co.za/wp-content/uploads/2021/02/MEDR-Long-form-Interim-report-Aug-2016.pdf

Copies of the full announcement may also be requested by contacting Ms Claire Middlemiss by email
at cmiddlemiss001@gmail.com and are available for inspection at the Company’s registered office
at no charge, weekdays during office hours.
The JSE link is as follows:
https://senspdf.jse.co.za/documents/2021/jse/isse/mede/int16.pdf


26 February 2021
Sandton

Sponsor
Exchange Sponsors

Date: 26-02-2021 08:57:00
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