Sharenet Sites 
Sharenet Sites
Restatement of previously published financial results
Avior Capital Markets Holdings Limited
Incorporated in the Republic of South Africa
Registration number: 2015/086358/06
JSE Code: AVR
ISIN: ZAE000211637
("Avior Holdings" or “the Company”)
RESTATEMENT OF PREVIOUSLY PUBLISHED FINANCIAL RESULTS
1. Shareholders of Avior Holdings (“Shareholders”) are hereby advised that during the finalisation of the financial results
for the year ended 30 April 2018, certain accounting errors were identified by the new auditors and newly appointed
financial director of the Company. These accounting errors are considered material in nature.
2. Shareholders should note that the accounting errors primarily affects the Statement of Profit or Loss and Other
Comprehensive Income and earnings per share value, in that:
2.1. “Total comprehensive income” was used as a starting point for the earnings per share calculation instead of “profit
for the year”; and
2.2. the “other comprehensive income” line item was the year-end balance instead of the year’s movement.
3. Because of the aforementioned, the board of directors of Avior Holdings (“the Board”) has in the interest of prudency,
resolved to restate the financial results for the year ended 30 April 2017 and the interim results for the 6 months ended
31 October 2017, insofar as the accounting errors referred to above are concerned.
4. RESTATEMENT OF THE INTERIM FINANCIAL RESULTS FOR THE 6 MONTHS ENDED 31 OCTOBER 2017
Description 31 October 2017 31 October 2017
(Incorrect) (Restated)
Exchange differences on translating (640 542) 4 920 584
foreign operations (Rands)
Earnings per share (cents) 7.36 7.80
5. RESTATEMENT OF THE FINANCIAL RESULTS FOR THE YEAR ENDED 30 APRIL 2017
Description 30 April 2017 30 April 2017
(Incorrect) (Restated)
Exchange differences on translating 5 561 126 6 194 832
foreign operations (Rands)
Earnings per share (cents) 12.50 15.78
6. The following immaterial reclassifications were also made to the 30 April 2017 numbers, in order to align the layout of
the financial statements to industry practice:
Statement of Profit or Loss and Other Comprehensive Income
30 April 2017 30 April 2017
(Before reclassification) (After reclassification)
Revenue 178 505 436 168 529 868
Cost of sales (41 200 138) -
Other income 2 622 779 1 731 653
Operating expenses (121 810 853) (150 276 536)
Investment revenue 3 220 530 3 209 026
Fair value adjustments 11 031 -
Finance costs (855 168) (877 812)
Foreign exchange losses for the year - (1 822 583)
Profit for the year 26 793 950 26 793 950
Other comprehensive income:
Exchange differences on translating (5 561 126) (6 194 822)
foreign operations
Other comprehensive income for the (5 561 126) (6 194 822)
year net of taxation
Total comprehensive income for the 21 232 824 20 599 128
year
Statement of Financial Position
Assets
Loans to directors, managers and 2 424 767 2 946 505
employees
Trade and other receivables 5 653 858 5 519 447
Amounts receivable in respect of stock 46 970 215 46 973 900
broking activities
Total assets 55 048 840 55 439 852
Liabilities
Trade and other payables (17 860 309) (21 468 878)
Loans from related parties - current - (97 235)
liabilities
Provisions (3 323 061) -
Amounts payable in respect of stock (41 581 728) (41 589 998)
broking activities
18 July 2018
Sandton
Designated Advisor:
Pallidus Capital Proprietary Limited
Date: 18/07/2018 04:45:00 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
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
