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SAH - South African Coal Mining Holdings Limited - Audited Annual Results for

Release Date: 15/07/2011 15:59
Code(s): SAH
Wrap Text

SAH - South African Coal Mining Holdings Limited - Audited Annual Results for the year ended 31 December 2010 and Notice of Annual General Meeting South African Coal Mining Holdings Limited (Incorporated in the Republic of South Africa) Registration number 1994/009012/06 Share code : SAH ISIN : ZAE0000102034 ("SACMH" or "the company") AUDITED ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2010 AND NOTICE OF ANNUAL GENERAL MEETING MODIFICATIONS TO RESULTS FOR THE YEAR ENDED 31 DECEMBER 2010 Shareholders are advised that the annual financial statements were mailed to shareholders today and contain the modifications set out below to the reviewed provisional results published on SENS on 1 April 2011. The modifications resulted from: Statement of Financial Position and Statement of Comprehensive Income: The rehabilitation provision was underprovided by an amount of R2.3 million, while the deferred taxation was overprovided by R2.3 million in respect of the 2007 financial year. Statement of Cash Flows: A portion of the additions in the property, plant and equipment was previously incorrectly included in non-cash items. The net effect of the modifications on the 2010 annual financial statements, are as follows: Previous Results Differen ly per ce
publishe Audited d in Annual Provisio Report nal
results Statement of financial position (R`000): Accumulated loss (76 189) (75 965) (224) Non-current provisions 45 839 45 772 67 Deferred taxation 103 643 103 486 157 Statement of Comprehensive Income (R`000): Taxation 35 863 36 015 (152) Loss after taxation 10 183 10 030 153
Cash Flow Statement (R`000): Purchases of Property, Plant 13 172 13 941 (769) and Equipment Non-cash items 2 508 3 277 769 NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the 2010 annual general meeting of shareholders will be held on Thursday, 18 August 2011 at 13:00, at Wanderers Club, 21 North Street, Illovo. 15 July 2011 Illovo Johannesburg Sponsor Exchange Sponsors Date: 15/07/2011 15:59:01 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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