BANK WINDHOEK LIMITED - Publication Of Annual Financial Statements For The Year Ended 30 June 2019

Publication Of Annual Financial Statements For The Year Ended 30 June 2019

Bank Windhoek Limited
(Incorporated in the Republic of Namibia)
Stock Code: BWZ20A
ISIN Code: ZAG000124843

Bank Windhoek Limited
(Incorporated in the Republic of Namibia)
Stock Code: BWZJ19
ISIN Code: ZAG000140278

Bank Windhoek Limited
(Incorporated in the Republic of Namibia)
Stock Code: BWZJ21
ISIN Code: ZAG000140286

BANK WINDHOEK LIMITED
(Incorporated in the Republic of Namibia)
Stock Code: BWZ21B
ISIN Code: ZAG000150459

BANK WINDHOEK LIMITED
(Incorporated in the Republic of Namibia)
Stock Code: BWZJ23
ISIN Code: ZAG000155508

(“the Company”)


PUBLICATION OF    ANNUAL   FINANCIAL   STATEMENTS   FOR   THE   YEAR   ENDED
30 June 2019

Noteholders are hereby advised that the annual financial statements
of the Company for the year ended 30 June 2019, including the
unqualified audit reports of PricewaterhouseCoopers, the registered
auditors of the Company, are available on the Company’s website at:
https://www.bankwindhoek.com.na/Reports/2019%20Bank%20Windhoek%20An
nual%20Report.pdf or may be requested and obtained in person, at no
charge, at the registered office of the Company during office hours.

The cash flow statement for the 2018 financial year was restated due
to the coupon payments on other borrowings and debt securities in
issue being classified as one of the core revenue producing
activities of the group. Coupon payments was previously classified
within financing activities. The group has restated the disclosure
of coupon payments on other borrowings and debt securities in issue
from financing activities to operating activities. Unrealised gains
and losses arising from changes in foreign currency exchange rates
are not cash flows. The effect of exchange rate changes on cash and
cash equivalents held or due in a foreign currency is reported in
the statement of cash flows in order to reconcile cash and cash
equivalents at the beginning and the end of the period. This amount
is presented separately from cash flows from operating, investing
and financing activities and includes the differences, if any, had
those cash flows been reported at end of period exchange rates. Bank
Windhoek has restated the disclosure in the cash flow statement to
show the effect of exchange rate changes on cash and cash equivalents
held or due in a foreign currency in terms of IAS 7.

30 September 2019

Debt Sponsor
PSG Capital

Date: 30/09/2019 01:55:00
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