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VUN - Vunani Limited -Audited results for the year ended 31 December 2011 and notice of Annual General Meeting VUNANI LIMITED (Incorporated in the Republic of South Africa) (Registration number 1997/020641/06) JSE code: VUN ISIN: ZAE000163382 ("Vunani") AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2011 AND NOTICE OF ANNUAL GENERAL MEETING Annual financial statements: Shareholders are advised that the audited annual financial statements for the year ended 31 December 2011, which are included in the company`s integrated annual report for that year, will be dispatched to shareholders on 29 June 2012. Detailed below are modifications contained in the audited results when compared to the reviewed results for that year, which were published on SENS on 30 March 2012. All values are expressed as R`000s. Consolidated statement of comprehensive income for the year ended 31 December 2011 Published Adjustment Annual Note on SENS on report
30 March 2012 Operating expenses 1 (152 140) (1 067) (153 207) Fair 1 47 381 1 067 48 448 valueadjustments &impairments Consolidated Published Adjustment Annual statement of on SENS on report financial position 30 March at 31 December 2011 2012 Investment in 2 97 333 760 98 093 associates Other investments 2 238 741 (760) 237 981 (non-current) Other financial 3 137 936 (34 796) liabilities (non - 103 140 current) Other financial 3 263 789 34 796 298 585 liabilities (current) Accounts payable 4 89 666 (259) 89 407 from trading activities Trading securities 4 - 259 259 Consolidated statement of Cash flows December 2011 Note Published Adjustment Annual on SENS on report 30 March 2012
Net cash inflows 5 27 494 (11 109) 16 385 from operating activities Net cash inflows 5 295 928 (25 328) 270 600 from investing activities Net cash outflows 5 (314 123) 36 437 (277 from financing 686) activities December 2010 Net cash inflows 5 124 353 (169 076) (44 723) from operating activities Net cash outflows 5 (169 328) 169 076 (252) from financing activities Notes(all values expressed in R`000s): 1. The adjustment relates to the reclassification of amounts between operating expenses and fair value adjustments. 2. The adjustment is attributable to reclassification from other investments to investment in associates of R760. 3. The adjustment is attributable to the reclassification of other financial liabilities between non-current and current. 4. The adjustment is attributable to reclassification accounts payable from trading activities to trading securities. 5. The adjustments to the consolidated statement of cash flows are a result of the reclassifications detailed in notes 1 to 5 above. Reclassification of items between operating activities, investing and financing activities within the cash flow also resulted in the differences noted above. Audit opinion The Group`s auditors KPMG Inc. have audited the financial information for the year ended 31 December 2011. Their unmodified audit report is available for inspection at the registered office of the company. Notice of annual general meeting Notice is hereby given that the annual general meeting of shareholders of the company will be held on Monday, 13 August 2012 at 10h00 in the boardroom, Vunani House, 151 Katherine Street, Sandton to transact the business as state din the notice of annual general meeting forming part of the company`s annual report that will be distributed on 29 June 2012. 29 June 2012 Designated Adviser Grindrod Bank Limited Joint Designated Adviser Vunani Corporate Finance Date: 29/06/2012 14:13:01 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.
