To view the PDF file, sign up for a MySharenet subscription.

GO LIFE INTERNATIONAL LIMITED - Supplementary Announcement Of Abridged Unaudited Interim Consolidated Financial Statements

Release Date: 15/12/2017 12:30
Code(s): GLI     PDF:  
Wrap Text
Supplementary Announcement Of Abridged Unaudited Interim Consolidated Financial Statements

GO LIFE INTERNATIONAL LIMITED
(Incorporated in the Republic of Mauritius)
(Registration number: 098177 C1/GBL)
Primary Listing SEM share code: GOLI.N0000
Secondary Listing JSE share code: GLIISIN: MU0330N00004
(“the Company” or “Go Life International”)


Supplementary Announcement Of Abridged Unaudited Interim Consolidated Financial Statements 
For The Six Months Ended 31 August 2017


INTRODUCTION
Further to the publication of the quarterly results for the quarter ended 31 August 2017, the Company is also 
required to publish interim results for the six months ended 31 August 2017. Interim results were not previously 
published by Go Life prior to its listing on the JSE in November 2016.

The supplementary information published below should be read in conjunction with the results that were published 
on 13 October 2017. The Statement of Financial Position as at 31 August 2017 has not changed from the previously 
published results.


STATEMENT OF PROFIT / LOSS AND OTHER COMPREHENSIVE INCOME
                                                                        THE GROUP            THE GROUP
                                                                      31 Aug 2017          31 Aug 2016
                                                                              USD                  USD
Revenue                                                                   781 899              599 098
Expenses                                                                (473 717)              551 209
PROFIT/ (LOSS) FROM OPERATIONS                                            308 182               47 889
Share of profits - Associates                                              60 628
Finance Income                                                                                   5 154
                                                                          368 810               53 043
Finance costs                                                           (142 128)                (922)
PROFIT / (LOSS) BEFORE TAXATION                                           226 682               52 121
Taxation                                                                        -                    -
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD                                 226 682               52 121




STATEMENT OF CASH FLOWS
                                                                         THE GROUP            THE GROUP
                                                                       31 Aug 2017          31 Aug 2016
                                                                               USD                  USD
Profit/ Loss for the Period                                                368 810             (86 657)
Net Cash from Investment activities                                                        (24 673 219)
Net Cash (used in ) investment Activities                                                    24 982 217
Share of profit of associate                                              (60 628)

Net Cash from Operating activities                                         308 182              222 341

Trade and other receivables                                              (334 642)                    -
Trade and other payables                                                  218 903                     -
Movement in net cash resources                                            423 921               222 341
Cash and cash equivalents - Start of period                               373 798                 2 534
Cash and cash equivalents – End of period                                 797 719               224 875




SEGMENTAL REPORTING – 6 MONTHS ENDED 31 AUG 2017
                                                                                 Frail care
                                               Nutraceutical       Property       Associate          Total
                                                         USD            USD             USD           USD
Statement of net profit/loss
Revenue                                              363 975        357 296          60 628        781 899
Interest expenses                                          -      (142 128)               -      (142 128)
Income Tax                                                 -              -               -              -
Adjusted Headline earnings                          (36 490)        203 048          60 628        227 186

Statement of financial position
Total Assets                                      29 582 209      6 802 678         998 538     37 383 425
Total Borrowings                                           -    (2 988 122)               -    (2 988 122)




SEGMENTAL REPORTING – 6 MONTHS ENDED 31 AUGUST 2016
                                                                                  Frail care
                                               Nutraceutical        Property       Associate         Total
                                                         USD             USD             USD           USD
Statement of net profit/loss
Revenue                                              460 289         119 098          19 714       599 098
Interest expenses                                                      (922)                         (922)
Adjusted Headline earnings                         (190 010)         118 176          19 714        52 120

Statement of financial position
Total Assets                                      29 496 089       6 810 326         849 095    37 155 510
Total Borrowings                                                   2 988 122                     2 988 122




STATEMENT OF CHANGES IN EQUITY

                                                                     Stated         Revenue          Total
THE GROUP                                                           Capital         Deficit         Equity
                                                                        USD             USD            USD
Balance as at 01 March 2017                                      34 965 300     (1 027 779)     33 937 521
Total Comprehensive Income for the period                                 -         227 189        227 189
Balance as at 31 August 2017                                     34 965 300       (800 590)     34 164 710




RECONCILIATION OF BASIC EARNINGS TO HEADLINE EARNINGS

                                                                                THE GROUP       THE GROUP
                                                                               31 Aug 2017     31 Aug 2016
                                                                                       USD             USD
Basic earnings                                                                    226 682          52 121
Headline earnings                                                                 226 682          52 121
Adjusted headline earnings / Distributable earnings                               226 682          52 121

Weighted average number of shares                                             900 000 000     230 542 500
Basic and diluted earnings per share (USD cents)                                   0.0252          0.0226
Basic and diluted headline earnings per share (USD cents)                          0.0252          0.0226
Adjusted headline earnings per share (USD cents)                                   0.0252          0.0226


Notes
The Company is required to publish financial results for the 6 months ended 31 August 2017 in terms of the Listing 
Rule 12.19 of the SEM. The abridged unaudited consolidated financial statements for the 6 months ended 31 August 2017 
(“financial statements”) have been prepared in accordance with the measurement and recognition requirements of IFRS, 
the requirements of IAS 34: Interim Financial Reporting and the SEM Listing Rules and the JSE Listing requirements. 
The accounting policies adopted in the preparation of the financial statements are consistent with those applied in 
the preparation of the audited financial statements of the year ended 28 February 2017.


Copies of this supplementary report on the Abridged Unaudited Consolidated Financial Statements for the 6 months ended 
31 August 2017 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 to 
the Company Secretary at the Registered Office of the Company at Beau Plan Business Park, Pamplemousses 21001, Mauritius.


This communiqué is issued pursuant to SEM Listing Rules 11.3 and 12.20 and section 88 of the Securities Act of Mauritius 2005. 
The Board accepts full responsibility for the accuracy of the information contained in these financial statements. The Directors 
are not aware of any matters or circumstances arising subsequent to the period ended 31 August 2017 that require any additional 
disclosure or adjustment to the financial statement.


The Company has a primary listing on SEM and a secondary listing on the Alternative Exchange of the JSE.

By order of the Board
AceTer Global Limited
Company Secretary

15 December 2017

For further information please contact:
AceTer Global Limited                                Arbor Capital Sponsors
(230) 204 080                                        +27 (0) 11 480 8500

                                              
SPONSOR
Arbor Capital Sponsors Proprietary Limited



Date: 15/12/2017 12:30:00 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.

Share This Story