MINE RESTORATION INVESTMENTS LTD - Reallocation to cash flow statement

Reallocation to cash flow statement

MINE RESTORATION INVESTMENTS LIMITED
(formerly Capricorn Investment Holdings Limited)
(Registration Number 1987/004821/06)
(“MRI” or “the Company”)
Share code: MRI     ISIN: ZAE000164562

REALLOCATION TO CASH FLOW STATEMENT

Shareholders are referred to the ‘No Change Statement’ SENS
announcement published on 29 September 2014. Subsequent to
that announcement, it has come to the Company’s attention that
there was in fact a difference in the disclosure of the cash
flow statement between the reviewed results for the year ended
28 February 2014 released on SENS on 2 June 2014 and the
audited annual financial statements for the year ended 28
February 2014 posted to shareholders on 26 September 2014.

Certain interest was classified as a non-cash item which
adjusted the cash flow allocations, nevertheless, the net cash
position remained the same for both the reviewed and audited
results for the year ended 28 February 2014.

The reallocations on the cash flow statement are summarised
below:

CONDENSED CONSOLIDATED STATEMENT OF CASHFLOWS

                          Audited 28     Reviewed 28     Difference
                       February 2014   February 2014
                               R’000           R’000          R’000
Cash flows from
operating activities         (8 721)       (14 221)           5 500
Cash flow utilised
in investing
activities                   (7 777)        (7 777)               -
Cash flows from
financing activities          19 169        24 669           (5 500)
Net
increase/(decrease)
in cash and cash
equivalents                    2 671          2 671             -
Cash at beginning of
the period                       314            314             -
Cash at the end of
the period                     2 985          2 985             -

Johannesburg
17 October 2014

Designated Adviser: Afrasia Corporate Finance (Pty) Ltd

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