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INFRASORS HOLDINGS LIMITED - Disclosure of prior year/period error 28 February 2014 and 31 August 2014

Release Date: 10/12/2014 13:05
Code(s): IRA     PDF:  
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Disclosure of prior year/period error – 28 February 2014 and 31 August 2014

Infrasors Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2007/002405/06)
Share code: IRA ISIN: ZAE 000101507
(“Infrasors” or “the Company”)


DISCLOSURE OF PRIOR YEAR/PERIOD ERROR – 28 FEBRUARY 2014 AND 31 AUGUST 2014


28 FEBRUARY 2014
Shareholders are advised that the audited financial statements for the year ended 28 February 2014, as
published on 29 August 2014, was selected for review as part of the JSE’s pro-active monitoring process.
Following the conclusion of this review process, the JSE has requested that a corrective SENS
announcement be made in respect of the financial statements for the year ended 28 February 2014.


Shareholders are now notified that the disclosure relating to a retrospective adjustment as reflected in the
audited financial statements for the year ended 28 February 2014 should be changed. The group
retrospectively adjusted the disclosure of certain deferred tax assets and deferred tax liabilities in respect
of the 2013 financial year in the audited financial statements for the year ended 28 February 2014. The
group described the retrospective adjustment as a “reclassification” in note 36.4. The JSE requested that
note 36.4 should have been renamed as “Correction of prior year error – Deferred taxation” as opposed
to “Reclassification of balances – Deferred taxation”. All the correct disclosures have otherwise been
made in note 36.4.


31 AUGUST 2014
We confirm that the same disclosures were made in respect of the results for the six months ended 31
August 2014, as published on 5 November 2014, than those in the audited financial statements for the
year ended 28 February 2014.


Accordingly, the change in disclosure referred to above also applies to the corresponding disclosures
made in the results for the six months ended 31 August 2014.


Johannesburg
10 December 2014
Sponsor: Bridge Capital Advisors (Pty) Limited

Date: 10/12/2014 01:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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