BASIL READ HOLDINGS LIMITED - Integrated report and notice of annual general meeting

Integrated report and notice of annual general meeting

Basil Read Holdings Limited
Incorporated in the Republic of South Africa
Registration Number 1984/007758/06
Share Code: BSR ISIN: ZAE 000029781
(“Basil Read”) or “the company”)


INTEGRATED REPORT AND NOTICE OF ANNUAL GENERAL MEETING


Integrated report
Further to Basil Read’s reviewed results for the year ended
31 December 2014, published  on 27 March 2015, the
integrated  report for the  year ended 31 December 2014,
incorporating the notice of annual general meeting and
summarised consolidated financial statements for the year
ended 31 December 2014, (“the integrated report”)  was
dispatched to shareholders on 22 May 2015.


The integrated report contains certain modifications to the
aforementioned published reviewed results for the year
ended 31 December 2014. The modifications are limited to
certain reclassifications to the summarised consolidated
statement of cash flows. The final summarised consolidated
statement of cash flows is set out below. There are no
other modifications to the published reviewed results for
the year ended 31 December 2014.
Summarised statement of cash flows


                                          Reviewed        Audited    Difference
                                         12 months      12 months
                                       31 December    31 December
                                              2014          2014
                                             R‘000         R‘000         R‘000


Operating cash flow                       (244,333)      (244,333)            -
Movements in working capital               126,003        126,003             -
Net cash generated by operations          (118,330)      (118,330)            -
Net finance (costs) / income               (25,310)       (25,310)            -
Dividends paid                                  (4)            (4)            -
Taxation paid                              (58,011)       (58,011)            -
Cash flow from operating activities       (201,655)      (201,655)            -
Cash flow from investing activities        (75,057)       (45,593)        29,464
Cash flow from financing activities        (87,374)      (116,838)       (29,464)
Effects of exchange rates on cash
and cash equivalents                        (2,734)        (2,734)             -
Movement in cash and cash                 (366,820)      (366,820)             -
equivalents
Cash and cash equivalents at the
beginning of the year                    1,202,484      1,202,484             -
Cash and cash equivalents at the end
of the year                                835,664        835,664             -
Included in the cash and cash
equivalents as per the balance sheet       820,579        820,579             -
Included in the assets of the
disposal group                              15,085         15,085             -
                                           835,664        835,664             -



The integrated report and the full consolidated financial
statements for the year ended 31 December 2014 are
available for download on the Company’s website hosted at
www.basilread.co.za as well as for inspection at the
Company’s registered office.

Annual general meeting
Notice is hereby given that the annual general meeting of
Basil Read shareholders will be held at 10h00 on Tuesday,
23 June 2015 at the Basil Read Campus, 7 Romeo Street,
Hughes Extension, Boksburg to transact the business as set
out in the Notice of Annual General Meeting forming part of
the integrated report.


Shareholders are advised to contact the Company directly
for a copy of the integrated report if they have elected to
receive a hardcopy of the integrated report in the post,
but have not received their copy by 23 June 2015.


Boksburg
26 May 2015


Company secretary
Andiswa T Ndoni


JSE Sponsor
Grindrod Bank Limited

Date: 26/05/2015 04:05:00 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.