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Condensed unaudited results for the six months ended 30 September 2012
MOBILE INDUSTRIES LIMITED
Incorporated in the Republic of South Africa
REG NO 1968/014997/06 ("Mobile" or "the company")
JSE CODE: MOB ISIN: ZAE000091435
CONDENSED UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2012
COMMENTARY
Current status regarding suspension in trading in the company's shares
Shareholders are referred to the SENS announcement of 8 November 2012, informing them that,
following a meeting held with representatives of the Issuer Regulation Division of the
JSE Limited ("JSE") on 24 October 2012, the company has been granted an extension until
31 March 2013 to enter into formal agreements relating to the injection of suitable assets
into the company.
The company is currently in negotiations for the acquisition of such assets and the directors
remain confident that the new deadline will be achievable.
Preparation
The interim results have been prepared by SFW Stubbs CA(SA).
On behalf of the board
E Oblowitz SFW Stubbs
Chairman Financial Director
5 December 2012
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE SIX
MONTHS ENDED 30 SEPTEMBER 2012
Unaudited Unaudited Audited
6 Months 6 Months 15 Months
ended ended ended
30 September 30 September 31 March
R million 2012 2011 2012
Revenue
Other operating income 0.1 - 0.7
Other operating expenses (0.2) (0.3) (1.1)
Gain on settlement of distribution to shareholders - 1,090.2 1,090.2
(Loss)/Profit from operations (0.1) 1,089.9 1,089.8
(Loss)/Profit before tax (0.1) 1,089.9 1,089.8
Income tax credit/(expense) - 0.1 0.1
(Loss)/Profit for the period (0.1) 1,090.0 1,089.9
Total comprehensive (loss)/income for the period (0.1) 1,090.0 1,089.9
Basic earnings per share (cents) (0.0) 102.1 102.1
Diluted earnings per share (cents) (0.0) 102.1 102.1
Number of shares in issue (million) 1,068.0 1,068.0 1,068.0
Weighted average number of shares in issue (million) 1,068.0 1,068.0 1,068.0
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AT 30 SEPTEMBER
2012
Unaudited Unaudited Audited
30 September 30 September 31 March
R million Note 2012 2011 2012
ASSETS
Cash and cash equivalents - 0.2 0.1
Current assets - 0.2 0.1
Total assets - 0.2 0.1
EQUITY
Share capital and premium 0.1 0.1 0.1
Accumulated deficit (0.6) (0.4) (0.5)
Deficit attributable to equity holders of the company (0.5) (0.3) (0.4)
LIABILITIES
Trade and other payables 0.2 0.5 0.5
Loan from shareholder 3 0.3 - -
Current liabilities 0.5 0.5 0.5
Total liabilities 0.5 0.5 0.5
Total equity and liabilities - 0.2 0.1
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED
30 SEPTEMBER 2012
Unaudited Unaudited Audited
6 Months 6 Months 15 Months
ended ended ended
30 September 30 September 31 March
R million 2012 2011 2012
Cash utilised by operations (0.4) (5.7) (5.8)
Net cash outflow from operating activities (0.4) (5.7) (5.8)
Cash inflow from investing activities - 0.1 0.1
Cash inflow from financing activities 0.3 - -
Net decrease in cash and cash equivalents (0.1) (5.6) (5.7)
Net cash and cash equivalents at the beginning of the period 0.1 5.8 5.8
Net cash and cash equivalents at the end of the period 0.0 0.2 0.1
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE SIX MONTHS
ENDED 30 SEPTEMBER 2012
Unaudited Unaudited Audited
6 Months 6 Months 15 Months
ended ended ended
30 September 30 September 31 March
R million 2012 2011 2012
Balance at the beginning of the period (0.4) (744.5) (744.5)
Total comprehensive (loss)/income for the period (0.1) 1,090.0 1,089.9
(Loss)/Profit for the period (0.1) 1,090.0 1,089.9
Increase in fair value of distribution payable to shareholders - (345.8) (345.8)
Equity (0.5) (0.3) (0.4)
Notes to the condensed consolidated interim financial statements for the six months ended 30
September 2012
1. Basis of preparation
These condensed consolidated interim financial statements have been prepared in accordance with the
measurement and recognition requirements of International Financial Reporting Standards (IFRS), the
presentation and disclosure requirements of IAS: 34 Interim Financial Reporting, the AC 500 Series issued
by the Accounting Practices Board, the Companies Act, 2008 of South Africa and the Listings Requirements
of the JSE Limited. The accounting policies applied in the preparation of these consolidated condensed
interim financial statements are in terms of IFRS and consistent with those used in the financial statements
for the 15 months ended 31 March 2012.
2. Reconciliation of headline earnings Unaudited Unaudited Audited
6 Months 6 Months 15 Months
ended ended ended
30 September 30 September 31 March
R million 2012 2011 2012
(Loss)/Profit attributable to equity holders of the company (0.1) 1,090.0 1,089.9
Gain on settlement of distribution to shareholders - (1,090.2) (1,090.2)
Headline loss (0.1) (0.2) (0.3)
Weighted average number of shares in issue (million) 1,068.0 1,068.0 1,068.0
Headline earnings per share (cents) - - -
Diluted headline earnings per share (cents) - - -
3. Loan from shareholder
This loan represents a loan from the controlling shareholder, Robatsi Genesis Investments (Pty) Ltd ("the
shareholder"). The shareholder has undertaken to provide financial support to the company until such time
as the assets of the company, fairly valued, exceed its liabilities.
Date: 19/12/2012 03:00:00 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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