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AUSTRO GROUP LIMITED - Change Statement and Notice of Annual General Meeting

Release Date: 28/02/2013 16:03
Code(s): ASO     PDF:  
Wrap Text
Change Statement and Notice of Annual General Meeting

AUSTRO GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2001/029771/06)
Share code: ASO ISIN: ZAE000090882
(“Austro” or “the company” or “the group”)

CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING


Shareholders are advised that Austro’s integrated annual report, incorporating the group audited financial
statements for the period ended 31 August 2012 was dispatched to shareholders on 28 February 2013.

The company's integrated annual report contains a non-material change to information contained in the
reviewed condensed consolidated financial results for the twelve months ended 31 August 2012, which were
announced on SENS on Monday, 19 November 2012, as detailed below:

 CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2012

                                                                                       PER THE
                                                                       PER             ANNUAL
                                                                       SENS            REPORT        CHANGE
                                                                       R'000              R'000        R'000
 Cash flows from operating activities
 Cash generated by operations
                                                                      15,444              15,444             -
 Interest received
                                                                       6,015               6,015             -
 Interest paid
                                                                      (4,065)            (4,065)             -
 Taxation paid
                                                                     (13,651)           (13,651)             -

 Net cash inflows from operating activities                            3,744               3,743             1


 Net cash flows outflows from investing activities                   (22,472)           (14,387)        (8,085)

 Net cash flows inflows from/(outflows from) financing
 activities                                                            4,155             (3,929)         8,084


 Net decrease in cash and cash equivalents
                                                                     (14,573)           (14,573)              -
 Cash and cash equivalents at beginning of the year
                                                                      48,988              48,988              -

Cash and cash equivalents at the end of the year                     34,415              34,415              -


A final review of the statement of cash flows identified an incorrect allocation of the funding for plant and
equipment acquired through finance leases. Within the announcement released on SENS, certain plant and
equipment acquired through finance leases had been classified as non-cash outflows from investing activities.
These outflows have been updated in the statement of cash flows as set out in the integrated annual report to
reflect the appropriate accounting treatment. The correction of the allocation has no impact on the net cash
movement for the year.

The integrated annual report contains a notice of annual general meeting for the company, which will be held at
10:00 on Thursday, 11 April 2013 at 1125 Leader Road, Stormill Ext 4, Roodepoort, was posted to all
shareholders of the company on Thursday, 28 February 2013.

28 February 2013


Sponsor
Java Capital

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