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RTO/RTN/RTOP - Rex Trueform Clothing Company Limited - No change statement

Release Date: 29/09/2011 16:00
Code(s): RTO RTOP RTN
Wrap Text

RTO/RTN/RTOP - Rex Trueform Clothing Company Limited - No change statement and notice of Annual General Meeting REX TRUEFORM CLOTHING COMPANY LIMITED (Incorporated in the Republic of South Africa) Registration number 1937/009839/06 Share code: RTO ISIN: ZAE000006144 Share code: RTN ISIN: ZAE000009700 Share code: RTOP ISIN: ZAE000006151 ("Rex Trueform" or "the Company") NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING Shareholders are advised that the company`s integrated annual report, incorporating the audited financial statements for the year ended 30 June 2011, was dispatched today and other than as disclosed below contains no changes to the reviewed results which were announced on SENS on Thursday, 8 September 2011. Changes to the reviewed results: STATEMENT OF FINANCIAL POSITION Group Group (R`000) (R`000) 2011 2010
(Audited) (Audited) ASSETS Non-current assets 83 855 71 070 Property, plant and equipment 69 328 57 394 Investment property 5 776 3 511 Intangible assets 1 455 2 107 Other investments 576 576 Deferred taxation 6 720 7 482 Current assets 243 827 222 487 Inventories 71 099 57 994 Accounts receivable from holding company 282 100 Trade and other receivables 21 562 21 005 Forward exchange contracts - 522 Income tax receivable 2 035 1 235 Cash and cash equivalents 148 849 141 631 Total assets 327 682 293 557 EQUITY AND LIABILITIES Capital and reserves 268 113 235 866 Share capital 1 777 1 777 Share premium 25 836 25 847 Treasury shares (1 762) (2 216) Other reserves 968 900 Retained earnings 241 294 209 558 Non-current liabilities 16 099 15 715 Post-retirement liability 3 251 3 351 Accrued operating lease liability 9 577 9 141 Deferred taxation 3 271 3 223 Current liabilities 43 470 41 976 Provisions 467 560 Trade and other payables 42 283 40 795 Forward exchange contracts 602 - Income tax payable 118 621 Total equity and liabilities 327 682 293 557 Notes: 1. In the reviewed results previously published the deferred taxation liability was netted off against the deferred taxation asset resulting in only a deferred taxation asset being shown. As disclosed above, these have now been separated into their respective components and shown as separate line items. This adjustment is simply an allocation adjustment and has no impact on the net asset value previously published as per the reviewed results. 2. The statement of cash flows has had an amount of R193 000 (2010: R90 000) reclassified to "operating profit before working capital changes" from "working capital changes" within the statement of cash flows. This adjustment is simply an allocation adjustment and has no impact on "cash and cash equivalents at the end of the year". 3. The depreciation and amortisation figure contained in the segmental report had a rounding error of R1 000 which has now been corrected. Furthermore shareholders` attention is drawn to the chief executive officer`s review which appears on page 23 of the annual report and are advised that due to a typographical error the fourth paragraph under "Retail Segment" should read as follows: "As a consequence of the reallocation of intersegment rentals, retail segment operating margin was restricted to 9.2%. Had the reallocation not taken place the retail segment operating profit margin would have been 9.5% (2010: 9.5%)." The integrated annual report contains a notice of Annual General Meeting for the company, which will be held in the boardroom at Rex Buildings, 263 Victoria Road, Salt River, Cape Town, at 10h00 on Wednesday, 16 November 2011. 29 September 2011 Sponsor Java Capital Date: 29/09/2011 16:00:20 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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