Change statement and notice of AGM
MINE RESTORATION INVESTMENTS LIMITED
(formerly Capricorn Investment Holdings Limited)
(Registration Number 1987/004821/06)
(“MRI” or “the Company” or “the Group”)
Share code: MRI ISIN: ZAE000149951
CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING
Change statement
With regards to the financial statements for the period ended 28
February 2013, shareholders are advised that the annual report
will be distributed to shareholders on Friday, 2 August 2013
and contains a prior period reclassification when compared to
the reviewed results which were published on SENS on 28 May 2013
as follows.
In the 2010 and 2011 financial period, the MRI Group recognised
the loan due to The Industrial Development Corporation to the
amount of R5 million as other financial liabilities. As there is
no obligation to repay the R5 million loan, the loan has been
reclassified as R5 million equity. The effect on the statement
of financial position is shown below. There was no effect on the
statement of comprehensive income, earnings per share and
headline earnings per share.
Prior period reclassification
2010
Statement of financial position
December 2010 Reclassification December 2010
as previously as restated
stated
Group R’000 R’000 R’000
Other financial liabilities 19 058 (5 000) 14 058
Total equity (7 773) 5 000 (2 773)
2011
Statement of financial position
December 2011 Reclassification December 2011
as previously as restated
stated
Group R’000 R’000 R’000
Other financial liabilities 22 358 (5 000) 17 358
Total equity 15 478 5 000 20 478
Reviewed results reclassification
2013
Statement of financial position
February 2013 Reclassification February 2013
as previously as restated
stated
Group R’000 R’000 R’000
Other financial liabilities 27 002 (5 000) 22 002
Total equity 57 238 5 000 62 238
REVIEWED RESULTS PUBLISHED ON 28 MAY 2013
CONDENSED STATEMENT OF FINANCIAL POSITION
Group
28 February 2013 31 December 2011
R’000 R’000
ASSETS
Non-current assets
Property, plant and equipment 10 798 10
Intangible assets 92 411 93 041
Investment in associate - 1 000
Deferred tax 7 173 6 365
Current assets
Trade and other receivables 610 69
Cash and cash equivalents 314 584
Total assets 111 306 101 069
EQUITY AND LIABILITIES
Capital and reserves 39 886 (952)
Non-controlling interest 17 352 16 430
57 238 15 478
LIABILITIES
Non-current liabilities
Loan from group company - 49 738
Other financial liabilities 27 002 22 358
Deferred tax 25 626 13 428
Current liabilities
Current tax payable 33 -
Trade and other payables 1 407 67
Total equity and liabilities 111 306 101 069
RESULTS PUBLISHED IN ANNUAL REPORT
STATEMENTS OF FINANCIAL POSITION
Group
Notes 28 Feb 2013 31 Dec 2011 31 Dec 2010
R’000 R’000 R’000
Assets
Non-Current Assets
Property, plant and
equipment 3 10 798 8 82
Intangible assets 4 92 411 93 043 44 514
Investments in subsidiaries 5 - - -
Other financial assets - - 5
Investment in associate 6 - 1 000 -
Deferred tax 7 7 173 6 365 2 377
110 382 100 416 46 978
Current Assets
Loans to group companies 8 - - -
Trade and other receivables 9 610 69 59
Cash and cash equivalents 10 314 584 471
924 653 530
Total Assets 111 306 101 069 47 508
Equity and Liabilities
Equity
Capital and reserves
Share capital and share
premium 12 76 999 - -
Reverse acquisition 13 (31 066) - -
Retained income (6 047) (952) (7 773)
Equity Attributable to
Holders of Parent 39 886 (952) (7 773)
Equity loan 16 5 000 5 000 5 000
Non-controlling interest 17 17 352 16 430 -
Total equity 62 238 20 478 (2 773)
Liabilities
Non-Current Liabilities
Loans from group companies 8 - 49 738 33 857
Other financial liabilities 15 22 002 17 358 14 058
Deferred tax 7 25 626 13 428 -
47 628 80 524 47 915
Current Liabilities
Current tax payable 33 - -
Trade and other payables 17 1 407 67 2 366
1 440 67 2 366
Total Liabilities 49 068 80 591 50 281
Total Equity and Liabilities 111 306 101 069 47 508
Notice of the Annual General Meeting (AGM)
Shareholders are advised that the AGM of the Company will be
held at Route 21 Corporate Park, 45 Sovereign Drive, Ground
Floor, Unit C, Centurion at 10:00 on Wednesday, 4 September 2013
to transact the business as stated in the notice of the Annual
General Meeting forming part of the Annual Report.
Record date
The record date by which shareholders of the Company must be
registered in the Company’s securities register in order to
attend and vote at the meeting is Friday, 30 August 2013. The
last day to trade in the ordinary shares of the Company listed
on the JSE Limited’s stock exchange in order to be eligible to
vote at the Annual General Meeting will be Friday, 23 August
2013.
Pretoria
2 August 2013
Designated Advisor:
Sasfin Capital (a division of Sasfin Bank Limited)
Date: 02/08/2013 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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