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Update to audited results for the year ended 30 June 2019
JASCO ELECTRONICS HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration Number 1987/003293/06
Share code: JSC ISIN: ZAE000003794
(“Jasco” or “the company” or “the group”)
UPDATE TO THE AUDITED RESULTS FOR THE YEAR ENDED 30 JUNE 2019
AND SUBSEQUENT EVENTS.
Shareholders are referred to announcement released on SENS on
Friday, 11 October 2019, regarding the audited results for the
year ended 30 June 2019 and are advised that the below headline
earnings reconciliation and summarised segmental report was
omitted from the announcement.
The Integrated Annual Report, including the audited annual
financial statements for the year ended 30 June 2019, containing
the below information as well as the updated full audited results
for the year ended 30 June 2019 announcement, is available on
the company’s website: www.jasco.co.za, as advised in the
announcement dated Friday, 11 October 2019.
Jasco Electronics Holdings Limited
Summarised Consolidated Statement of
Comprehensive Income
2019 2018
Reconciliation of headline earnings
Net earnings attributable to equity
holders of the parent (29 135) (7 665)
Headline earnings adjustments 4 965 4 246
- Profit on disposal of subsidiary (East
Africa) - (206)
- Impairment of goodwill 4 569 4 517
- net after-tax loss/(profit) on
disposal of fixed assets 397 (65)
Headline earnings (24 169) (3 419)
Number of shares in issue ('000) 229 319 229 319
Treasury shares ('000) 3 039 250
Weighted average number of shares on
which earnings per share is calculated ('000) 226 281 229 069
Dilutive shares - dilutive shares and
options ('000) - 373
Weighted average number of shares on
which diluted earnings per share is
calculated ('000) 226 281 229 442
Ratio analysis
Attributable earnings (R'000) (29 135) (7 665)
EBITDA (R'000) 54 821 75 525
Earnings per share (cents) (12,9) (3,3)
Diluted earnings per share (cents) (12,9) (3,3)
Headline earnings per share (cents) (10,7) (1,5)
Diluted headline earnings per share (cents) (10,7) (1,5)
Net asset value per share (cents) 65,1 77,4
Net tangible asset value per share (cents) 0,8 10,0
Debt:Equity (%) 81,4 56,5
Interest cover (times) 0,7 2,0
EBITDA interest cover (times) 2,6 3,7
Summarised segmental report 30 June 2019 30 June 2018
12 months 12 months
Audited Audited
Income and expenses Revenue Operating Revenue Operating
profit/ profit/
(R’000)
(loss) (loss)
ICT - Carrier 342 747 43 022 348 738 53 093
ICT – Enterprise 535 145 54 738 536 344 49 431
Security and Fire 65 762 (9 530) 57 081 (11 477)
Power and Renewables 9 633 (4 466) 11 569 (10 289)
Electrical Manufacturers 196 641 9 575 203 530 13 158
Sub-Total Operating divisions 1 149 928 93 339 1 157 262 93 946
Other 610 95 804) 79 (41 454)
Adjustments (13 138) 13 814 (10 258) (12 099)
Total 1 137 355 11 349 1 147 083 40 393
Financial position Assets Liabilities Assets Liabilities
(R’000)
ICT - Carrier 112 877 30 294 152 832 48 749
ICT – Enterprise 177 467 94 746 192 496 125 161
Security and Fire 32 478 17 795 33 734 18 165
Power and Renewables 3 781 350 6 586 1 854
Electrical Manufacturers 100 111 23 261 95 608 22 877
Sub-Total Operating divisions 426 714 166 446 481 256 216 806
Other 179 349 238 772 167 215 320 078
Adjustments 51 963 76 272 77 577 (15 055)
Total 658 026 481 490 726 048 521 829
Midrand
14 October 2019
Sponsor
Grindrod Bank Limited
Date: 14/10/2019 05:30:00
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