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Posting of annual report and notice of annual general meeting
TASTE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2000/002239/06)
JSE code: TAS
ISIN: ZAE000081162
(“the company”)
POSTING OF ANNUAL REPORT AND NOTICE OF ANNUAL GENERAL MEETING
Annual report:
Shareholders are advised that the Integrated Report for the year ended
28 February 2013 will be dispatched to shareholders today (23 July
2013) and contains the following modifications from the reviewed
results for that year, which were released on SENS on 22 May 2013.
These modifications comprise of reclassifications, result in improved
disclosure and have had no effect on the revenue, profit, total equity,
total assets and total liabilities reported. In addition, the
unqualified review opinion issued by BDO South Africa Inc. remains
unchanged. Details of these reclassifications are as follows:
All values are expressed as R’000s.
Published
on SENS on
22 May 2013 Integrated
Note on SENS Adjustment Report
Consolidated statement of comprehensive
income
for the year ended 28 February 2013
Operating costs 1 (152 271) (397) (152 667)
Share based payment expense 1 (397) 397 -
Consolidated statement of financial
position
as at 28 February 2013
Non-current financial assets 2 7 904 (2 019) 5 885
Current financial assets 2 1 261 3 169 4 430
Advertising levies 2 3 089 (1 150) 1 939
Non-current borrowings 3 45 342 (296) 45 046
Current borrowings 3 10 398 296 10 694
Consolidated statement of cash flows
for the year ended 28 February 2013
Cash generated from operating activities 4 7 524 204 7 732
Net cash from investing activities
comprising of: 4 (16 111) 204 (15 907)
Proceeds on disposal of non-current assets
held for sale 4 219 (219) -
Loans advanced 4 (2 442) (1 214) (3 656)
Acquisition of business 4 (3 770) 1 637 (2 133)
Published on
SENS on 22
May 2013 on Integrated
Note SENS Adjustment Report
Consolidated statements of cash flows
for the year ended 29 February 2012
Cash generated from operating activities 5 43 132 (4 000) 39 132
Net cash from investing activities comprising of:
Acquisition of business 5 (60 000) 5 000 (55 000)
Net cash flows from financing activities 5 1 000 (1 000) -
Notes:
1. The share based payment expense which was reflected as a separate
line item on the statement of comprehensive income has now been
reclassified and included in operating expenses. This has not
resulted in a change to profit.
2. The adjustment is attributable to a reclassification between non-
current and current assets and advertising levies. Total group
assets remain unchanged at R369.67 million.
3. The adjustment is attributable to a reclassification between non-
current borrowings and current borrowings. Total group
liabilities remain unchanged at R180.42 million.
4. The adjustment to the consolidated statement of cash flows is as a
result of the reclassifications detailed in notes 2 and 3 above,
as well as reclassifications of amounts within the statement of
cash flows. Total change in cash and cash equivalents remain
unchanged at R18.37 million.
5. The adjustment in the comparative year is a reclassification of
amounts within the statement of cash flows. Total change in cash
and cash equivalents remain unchanged at R17.6 million.
Notice of annual general meeting:
Notice is hereby given that the Annual General Meeting of shareholders
of the company will be held on 22 August 2013 at 12:00 at the company’s
offices, 12 Gemini Street, Linbro Business Park, Sandton.
The following salient dates apply to the Annual General Meeting:
Record date for determining those Friday,16 August 2013
shareholders entitled to vote at the
Annual General Meeting.
Last day for receipt of forms of proxy By 10:00 on Tuesday,
for the Annual General Meeting (or they 20 August 2013
may be handed to the Chairman at the
meeting).
Sandton
23 July 2013
Sponsor
Vunani Corporate Finance
Date: 23/07/2013 04:29:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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