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Abridged audited AFS for 28 February 2015, no change statement, notice of AGM and posting of integrated report
Atlantic Leaf Properties Limited
(Incorporated in the Republic of Mauritius)
(Registration number: 119492 C1/GBL)
SEM share code: ALPL.N0000
JSE share code: ALP
ISIN: MU0422N00009
www.atlanticleaf.mu
(“Atlantic Leaf” or “the Company”)
ABRIDGED AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2015, NO CHANGE STATEMENT, NOTICE OF ANNUAL GENERAL MEETING AND POSTING OF INTEGRATED REPORT
Shareholders are advised that the Company’s integrated report, incorporating the audited financial statements for the
year ended 28 February 2015 (the “Audited 2015 AFS”), will be posted today, 21 May 2015. Save in respect of being
audited, the Audited 2015 AFS contain no modifications from the abridged unaudited financial statements which were
published on the Stock Exchange of Mauritius Ltd (“SEM”) and the Stock Exchange News Service (“SENS”) of the
Johannesburg Stock Exchange (“JSE”) on 20 April 2015.
The abridged audited financial statements presented below were approved by the Board on 21 May 2015. Mazars
Mauritius have issued their unmodified audit opinion on the Company’s financial statements for the year ended 28
February 2015. A copy of the Company’s integrated report including the audit report is available on the Company’s
website: www.atlanticleaf.mu.
Notice is hereby given that the annual general meeting of Atlantic Leaf shareholders will be held at the Company’s
registered office, being c/o Intercontinental Trust Limited, Level 3, Alexander House, 35 Cybercity, Ebene 72201,
Mauritius on Friday, 12 June 2015 at 11h00 Mauritian time (09h00 South African time) to transact the business as
stated in the notice of annual general meeting which is included in the integrated report.
The salient dates and times in relation to the annual general meeting are set out in the table below:
Key events Date
Distribution of integrated report and notice of annual general meeting 21 May 2015
Record date to be recorded in the register in order to be entitled to vote at the 5 June 2015
annual general meeting
Last day to lodge forms of proxy for the annual general meeting by 11h00 Mauritian 11 June 2015
time (09h00 South African time)
Annual general meeting at 11h00 Mauritian time (09h00 South African time) 12 June 2015
Note:
The above dates and times are subject to change. Any changes will be communicated to shareholders and the public
in general through publications released on the SEM website and SENS.
Atlantic Leaf has its primary listing on the SEM and a secondary listing on the Alternative Exchange of the JSE.
By order of the Board
Intercontinental Trust Limited
Company Secretary
For further information please contact:
South African corporate advisor
Leaf Capital +27 21 657 1180
South African JSE Sponsor
Java Capital +27 11 722 3050
Company secretary
Intercontinental Trust Limited +230 403 0800
21 May 2015
STATEMENT OF FINANCIAL POSITION
Audited Audited
as at as at
28 February 2015 28 February 2014
GBP GBP
Assets
Non-current assets 26 255 997 -
Financial assets at fair value through profit or loss 13 652 211 -
Escrow account – held for investment acquisition 10 813 467
Loans Receivable 1 790 319
Current Assets 10 007 685 1 000
Cash and cash equivalents 9 686 551 1 000
Trade and other receivables 321 134 -
Total Assets 36 263 682 1 000
Equity and Liabilities
Equity 36 134 679 1 000
Share capital 34 770 873 1 000
Retained earnings 1 363 806 -
Liabilities
Current Liabilities 129 003 -
Trade and other payables 129 003 -
Total Equity and Liabilities 36 263 682 1 000
Number of shares in issue 33 941 306 1 000
Net asset value per share (GBP) 1.06 1.00
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
Audited Audited
for the year ended for the period ended
28 February 2015 28 February 2014
GBP GBP
INCOME
Net gain on financial assets at fair value through profit and loss 1 691 031 -
Foreign exchange gain 118 150 -
Dividend Income 33 509 -
Interest Income 21 598 -
1 864 288 -
EXPENSES
Operating expenses (272 580) -
Property service fee (182 099) -
Audit fees (10 928) -
Directors fees (25 833) -
(491 440) -
Profit before taxation 1 372 848 -
Taxation (9 042) -
Total comprehensive income for the year/ period 1 363 806 -
Weighted average number of shares in issue for the year/
period 18 930 998 1 000
Basic and headline earnings per share (GBP pence) 7.20 -
Adjusted headline earnings per share (GBP pence) 8.28 -
There are no reconciling items between basic earnings and headline earnings
Atlantic Leaf has no dilutionary instruments in issue
RECONCILIATION OF ADJUSTED HEADLINE EARNINGS PER SHARE
Audited Audited
for the year ended for the period ended
28 February 2015 28 February 2014
GBP GBP
Total comprehensive income for the period 1 363 806 -
Adjusted for once-off costs: -
Listing and advisory fees 47 722 -
Seahawk transaction costs 140 151 -
Foreign exchange loss specifically relating to once-off costs 16 392 -
Adjusted headline earnings 1 568 071 -
STATEMENT OF CHANGES IN EQUITY for the year ended 28 February 2015
Retained
Stated Capital Earnings Total
GBP GBP GBP
At 11 November 2013 - - -
Issue of shares 1 000 - 1000
Total comprehensive income/ (loss) for the period - - -
At 28 February 2014 1 000 - 1 000
Issue of shares 34 769 873 - 34 769 873
Total comprehensive income for the year - 1 363 806 1 363 806
At 28 February 2015 34 770 873 1 363 806 36 134 679
STATEMENT OF CASH FLOWS for the year ended 28 February 2015
Audited Audited
year ended period ended
28 February 2015 28 February 2014
GBP GBP
Net cash utilised in operating activities (671 015) -
Cash flow utilised in investing activities (24 531 457) -
Cash flow from financing activities 34 769 873 1 000
Increase in cash and cash equivalents 9 567 401 1 000
Cash and cash equivalents at beginning of the year/period 1 000 -
Effect of exchange difference on cash and cash equivalents 118 150 -
Cash and cash equivalents at end of year/period 9 686 551 1 000
ABRIDGED SEGMENTAL ANALYSIS
Audited Audited
as at as at
28 February 2015 28 February 2014
GBP GBP
Total Assets – of the investment portfolio
Retail Warehouse 12 417 292 -
Others 1 234 919 -
13 652 211 -
NOTES
The abridged audited financial statements for the year ended 28 February 2015 (“financial statements”) have been prepared in
accordance with the measurement and recognition requirements of IFRS, the requirements of IAS 34: Interim Financial Reporting,
the JSE Listings Requirements, the SEM Listing Rules and the Securities Act of Mauritius 2005. This report was compiled under the
supervision of Warren Morton CA(SA), the financial director of the Company.
The accounting policies adopted in the preparation of these financial statements are consistent with those applied in the
preparation of the audited financial statements for the period ended 28 February 2014. The summarised annual financial
statements of Atlantic Leaf for the year ended 28 February 2015 contain no modifications to the unaudited results for the year
ended 28 February 2015 which were released on the SEM and JSE on Monday, 20 April 2015.
These abridged audited financial statements were approved by the Board on 21 May 2015. Mazars Mauritius have issued their
unmodified audit opinion on the Company’s financial statements for the year ended 28 February 2015. These summarised audited
financial statements have been derived from the Company’s financial statements and are consistent with the audited financial
statements subsequently issued to shareholders.
Copies of the financial statements and the statement of direct and indirect interests of each officer of the Company, pursuant to
Rule 8(2)(m) of the Securities (Disclosure Obligations of Reporting Issuers) Rules 2007, are available free of charge, upon request at
the Registered Office of the Company at c/o Intercontinental Trust Limited, Level 3, Alexander House, 35 Cybercity, Ebene 72201,
Mauritius. Contact person: Mr Kesaven Moothoosamy.
This communique is issued pursuant to SEM Listing Rules 11.3, 11.16 and 12.14 and the Securities Act of Mauritius 2005. The Board
accepts full responsibility for the accuracy of the information contained in these financial statements. The Directors have disclosed
all matters or circumstances arising subsequent to the year ended 28 February 2015 that require any additional disclosure or
adjustment to the financial statements.
Date: 21/05/2015 01:30:00 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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