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SAC - SA Corporate Real Estate Fund - Posting of SA Corporate`s annual report

Release Date: 31/03/2011 09:34
Code(s): SAC
Wrap Text

SAC - SA Corporate Real Estate Fund - Posting of SA Corporate`s annual report and details of the voluntary annual general meeting SA Corporate Real Estate Fund (Incorporated in the Republic of South Africa) A Collective Investment Scheme in property registered in terms of the Collective Investment Schemes Control Act, No. 45 of 2002 and managed by SA Corporate Real Estate Fund Managers Limited (Registration number 1994/009895/06) Share Code: SAC ISIN Code: ZAE000083614 ("SA Corporate" or "the Fund") Posting of SA Corporate`s annual report and details of the voluntary annual general meeting In compliance with section 3.22 of the JSE Limited Listings Requirements, unitholders are advised as follows: Annual report Further to SA Corporate`s reviewed final results and distribution declaration for the year ended 31 December 2010 that was published on 18 February 2011 ("the SENS announcement"), the annual report was posted on 31 March 2011. The annual financial statements contain some adjustments to the SENS announcement. The adjustments comprise of: Statement of Financial Position - The straight line rental adjustments, with regards to non-current assets held for sale, were grouped with investment property in the SENS announcement. This was reallocated to the non-current assets held for sale in the annual financial statements. - The VAT asset was grouped with Trade and other payables in the SENS announcement. This was reallocated to other receivables in the annual financial statements. - The Receipts Received in Advance was grouped with Trade Receivables in the SENS announcement. This was reallocated to Trade and other liabilities in the annual financial statements. No adjustment was required for the Statement of Comprehensive Income and there is a nil effect on the total comprehensive income attributable to unit holders. As reported Adjustment As reported in SENS in the
announcement annual financial statements Statement of financial position Non-current assets Straight line rental adjustment (198 641) 14 383 (184 258) Rental receivable straight line adjustment 166 621 (12 793) 153 828 Current assets Trade receivables 8 761 8 465 17 226 Other receivables and accrued interest 154 607 14 504 169 111 Rent receivable - straight line rental adjustment 32 020 (1 590) 30 430 Current liabilities Trade and other payables 124 946 22 969 147 915 Voluntary annual general meeting Shareholders are advised that the annual general meeting of SA Corporate will be held at 10:00 on Tuesday, 17 May 2011 in the Colosseum Meeting Room, Property on Fifth, Mutual Park, Pinelands, Cape Town to transact the business as stated in the notice of the annual general meeting forming part of the annual report. Cape Town 31 March 2011 Sponsor Nedbank Capital Date: 31/03/2011 09:34:01 Supplied by www.sharenet.co.za 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.

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