STRATCORP LIMITED - Change statement, release of annual report and notice of annual general meeting

Change statement, release of annual report and notice of annual general meeting

StratCorp Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2000/031842/06)
(Share Code: STA ISIN Code: ZAE00034294)
("StratCorp" or "the Company")

CHANGE STATEMENT, RELEASE OF ANNUAL REPORT AND NOTICE OF ANNUAL
GENERAL MEETING

Shareholders are advised that the Annual Report, incorporating
the Audited Annual Group Financial Statements of StratCorp for
the year ended 28 February 2014 has been released today.

Included in the Annual Report is a Notice of Annual General
Meeting for shareholders of the Company, which will be held at
the Company’s registered office located at 3rd Floor, Lakeside
Building B, Heuwel Avenue, Centurion on Friday, 7 November 2014
at 10:00.

The Record Date, being the date set by the board of directors
of the Company for purposes of determining which shareholders
are entitled to receive and vote at the Annual General Meeting,
is Friday, 31 October 2014.

The Company’s Annual Report contains some changes to the Group’s
financial results for the year ended 28 February 2014 as detailed
below:

                                     Reviewed      Audited     Change
                                      for the      results
                                       twelve      for the
                                       months       twelve
                            Note
                                     ended 28       months
                                     February     ended 28
                                         2014     February
                                                      2014
HEADLINE EARNINGS
Headline earnings (R’000)    (1)        4 728        4 691       (37)
Headline earnings (cents     (1)         2.83         2.81     (0.02)
per share)

CONSOLIDATED GROUP STATEMENT
OF CASH FLOWS

Figures in R’000

Cash flows from operating
 activities                  (2)                                                  

Cash receipts from                                                  
customers                             27,662         33,116      5 454

Cash paid to suppliers                                           
 and employees                        (25,163)    (29,764)       (4 601)

Cash generated
from/(utilised                         2,499         3,352           853
in)operations

Interest income                            62           62            -

Tax paid                                  (15)          (15)           -

Cash (utilised
in)/generated from                     (1,617)        (2,470)       (853)
discontinued operations

Cash generated from                                                     
 operating activities                     929           929            -


Notes
  (1)   The change in headline earnings was due to the re-
        measurement of the translation of the net investment in
        a foreign operation and monetary assets/ liabilities
        treated as part of the net investment accounted for
        initially in other comprehensive income (in the foreign
        currency   translation    reserve)   and    subsequently
        reclassified to profit or loss to the value of R37 038
        not being reversed in the calculation of headline
        earnings when the reviewed results were released.

(2)     The changes in the cash flow from operating activities
        emanated from the incorrect classification of accounts
        to the respective line items listed above.      The cash
        generated from operating activities however remained the
        same.

The Company’s Annual Report is   available   on    the   Company’s
website, www.stratcorp.co.za.

Centurion
2 September 2014

Designated Adviser
Exchange Sponsors

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