CURRO HOLDINGS LIMITED - Update To The Provisional Results For The Year Ended 31 December 2015

Update To The Provisional Results For The Year Ended 31 December 2015

Curro Holdings Limited
Incorporated in the Republic of South Africa
(Registration number: 1998/025801/06)
JSE Share Code: COH
ISIN: ZAE000156253
(“Curro” or “the Company”)

UPDATE TO THE PROVISIONAL RESULTS FOR THE YEAR ENDED 31 DECEMBER
2015

Shareholders are referred to Curro’s reviewed provisional results
for the year ended 31 December 2015 released on SENS on 23
February 2016 (“Results Announcement”). Shareholders are hereby
advised that the Company’s audited financial results for the year
ended 31 December 2015 contain no modifications from the Results
Announcement, save for the minor changes set out below.

GROUP STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31
DECEMBER 2015

                                Preliminary    Audited      Change
                                 reviewed      results
                                  results
                                    R’m          R’m          R’m
Deferred income tax asset                -          101         101
Deferred income tax liability         (189)        (290)       (101)

RESTATED GROUP STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED
31 DECEMBER 2014

                                Previously     Restated     Change
                                 reported      results
                                   R’m            R’m         R’m
Deferred income tax asset                -            71         71
Deferred income tax liability         (166)         (237)       (71)

The aforementioned differences arose due to the reclassification
of deferred tax asset and liability balances in order to correct
offsetting. The net deferred tax liability remained unchanged.

The aforementioned modifications had no impact on previously
reported profitability, equity or cash flows.

Shareholders are hereby advised that the Company’s audited
financial statements for the year ended 31 December 2015 are
available at www.curro.co.za.

Durbanville
18 April 2016

Sponsor
PSG Capital

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