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Adjusted Unaudited Interim Results For The Six Months Ended 30 November 2023
Incorporated in the Republic of South Africa
(Registration number 1986/001616/06)
("Labat Africa" or "the company")
JSE code: LAB ISIN: ZAE000018354
LEI 9845000R73DF5EE41J88
Adjusted Unaudited Interim Results For The Six Months Ended 30 November 2023
Shareholders are advised of minor errors in the Condensed Consolidated Statement of Financial Position
for the six month period ended 30 November 2023 which was published on SENS on 20 December 2024.
The Adjusted financial information is reflected below.
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
Published Difference
Adjusted
30 November 30 November
30 November 2023
2023 2023
Unaudited
Unaudited Unaudited
R'000
R'000 R'000
ASSETS
Non-current assets
Property, plant and equipment 3 817 3 817 -
Right-of-use assets 6 506 6 506 -
Intangible assets 34 418 34 418 -
Biological assets - - -
Goodwill - - -
Other investments - - -
Deferred tax - 4 048 4 048
44 741 48 789 4 048
Current assets
Biological assets - - -
Inventories 6 497 6 497 -
Loans to directors and shareholders 2 839 2 839 -
Trade and other receivables 13 929 13 929 -
South African Revenue Services 50 934 50 934 -
Other financial assets 5 007 5 007 -
Cash and cash equivalents 2 033 2 033 -
Total Current assets 81 239 81 239 -
TOTAL ASSETS 125 980 130 028 4 048
EQUITY AND LIABILITIES
Equity
Share capital and share premium 244 322 244 322 -
Non-Distributable Reserves 54 54 -
Accumulated loss (240 164) (240 164) -
4 212 4 212 -
Non-controlling interest - - -
Total equity and reserves 4 212 4 212 -
Non-current liabilities
Lease liabilities 9 720 9 720 -
Other financial liabilities 19 624 19 634 10
Provision 9 800 9 800 -
Deferred Taxation 4 128 80 (4 048)
Deferred Revenue 866 866 -
Total Non-Current Liabilities 44 138 40 100 (4 038)
Current liabilities
Loans from directors and shareholders 4 195 4 195 -
Share put options liability - - -
Lease liabilities 832 832 -
South African Revenue Services 40 959 40 959 -
Trade and other payables 23 959 23 957 (2)
Deferred revenue 238 238 -
Bank overdraft 653 653 -
Provisions 6 794 6 794 -
Total current liabilities 77 630 77 628 (2)
Total liabilities 121 768 117 728 (4 040)
Total Equity and Liabilities 125 980 121 940 (4 040)
1. In preparing the interim results for the period ended 30 November 2024 the Company identified
certain amendments that needed to be made to the published interim financial information for
the period ended 30 November 2023 as indicated in the table above.
2. The root cause of the required amendments relate to manual capturing of financial information
into the required format for publishing in terms of JSE listing requirements.
3. The amendments are not material in nature and are limited to the statement of financial position
only and does not impact the profitability of the Company in any way.
4. The Company has instituted enhanced quality assurance controls to ensure that this unfortunate
incident does not reoccur
5. Shareholders are requested to read this announcement in conjunction with the companies
unaudited interim results for the six month period ended 30 November 2024 which will be
published on 28 February 2025 on the company website on www.labat.co.za. JSE link to the
financials: https://senspdf.jse.co.za/documents/2025/jse/isse/lab/labir23v2.pdf
For and on behalf of the Board of Directors.
ION Mohamed DJ O Neill
Chief Executive Officer Financial Director
Johannesburg
28 February 2025
Directors:
ION Mohamed*, DJ O'Neill*, SE van Rooyen*, H Maasdorp*, BG van Rooyen, RM Majiedt^,
R Rustum^, MF Paruk^, MN Bodirwa
Executive*, Independent non-executive^
Company Secretary: Alred van Rooyen
Registered Address: 23 Kroton Avenue, Weltevreden Park, 1709
Sponsor: Vunani Sponsors
Transfer Secretary: Computershare Investor Services Proprietary Limited
Date: 28-02-2025 12:02:00
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