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STIL StillCanna Inc

0.095
0.00 (0.00%)
23 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
StillCanna Inc CSE:STIL CSE Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.095 0.03 0.03 0 00:00:00

Interim Results

27/03/2003 3:39pm

UK Regulatory


    STILFONTEIN GOLD MINING COMPANY LIMITED

   (Incorporated in the Republic of South Africa)

   (Registration number 1949/033412/06)

   Share code: STI   ISIN: ZAE000007118

   ("the company")

INTERIM REPORT FOR THE SIX MONTHS ENDED 31 DECEMBER 2002

               Issued Capital 13 062 920 Ordinary Shares of 50 cents each

   INCOME STATEMENTS (ABRIDGED)

                                               Unaudited    Unaudited   Audited

                                              six months   six months      year

                                                   ended        ended     ended

                                             31 December  31 December   30 June

                                                    2002         2001      2002

                                                   R'000        R'000     R'000

Net operating loss for the period                    (52)         (52)    
(490)

Net finance income                                     9          395       527

Dividends forfeited                                  606            -         -

Net income for the period before taxation            563          343        37

Taxation                                               3          103       159

Net income/(loss) for the period                     560          240     
(122)

Earnings/(loss) per share - (cents)

 - headline earnings                                (0,4)         1,8     
(0,9)

 - attributable earnings                             4,3          1,8     
(0,9)

Headline earnings are calculated as follows:

Net income/(loss) for the period                     560          240     
(122)

Dividends forfeited                                 (606)           -         -

                                                     (46)         240     
(122)

BALANCE SHEETS  (ABRIDGED)

                                               Unaudited    Unaudited   Audited

                                             31 December  31 December   30 June

                                                    2002         2001      2002

                                                   R'000        R'000     R'000

Assets

   Non-current assets

 - Property, plant and equipment                   7 916        7 966     7 966

 - Investments                                        29           29        29

                                                   7 945        7 995     7 995

Current assets                                     7 390        5 172     5 949

Total assets                                      15 335       13 167    13 944

Liabilities and shareholders' equity

Current liabilities

 - non-interest bearing                            3 066        1 096     2 235

Total liabilities                                  3 066        1 096     1 781

Shareholders' equity                              12 269       12 071    11 709

Total liabilities and equity                      15 335       13 167    13 944

Net asset value per share (cents)                   93,9         92,4      89,6

   CASH FLOW STATEMENTS (ABRIDGED)

                                               Unaudited    Unaudited   Audited

                                              six months   six months      year

                                                   ended        ended     ended

                                             31 December  31 December   30 June

                                                    2002         2001      2002

                                                   R'000        R'000     R'000

Cash flows from operating activities               1 264          909     4 894

Net cash at bank at beginning of period            5 150          256       256

Net cash at bank at end of period                  6 414        1 165     5 150

STATEMENT OF CHANGES IN EQUITY

                                                   R'000        R'000     R'000

                                    Share          Share    Retained

                                  capital        premium     earnings     Total

                                    R'000          R'000        R'000     R'000

Balance on 1 July 2001              6 531          1 514        3 786    11 831

Net earnings for the year               -              -         (122)    
(122)

Balance on 1 July 2002              6 531          1 514        3 664    11 709

Net earnings for the year               -              -          560       560

Balance on 31 December 2002         6 531          1 514        4 224    12 269

NOTES TO THE FINANCIAL STATEMENTS

   Basis of accounting

   These results are prepared in accordance with South African Statements of
Generally Accepted Accounting Practice ("GAAP") and Schedule 4 of the Companies
Act. These accounting policies are consistent with those used in the annual
financial statements for the year ended 30 June 2002.

No material events, which have not been reflected in the interim financial
statements, have occurred subsequent to the end of the financial period.

There has been no change in contingent liabilities since 30 June 2002.

   COMMENTS

1. During the period under review, the company continued pumping operations on
behalf of Hartebeestfontein Gold Mining Company Limited.

2. Provision has been made for taxation on non-mining income at a rate of 30
per cent.

   For and on behalf of the board

   R A R Kebble                  H C Buitendag

   Executive Chairman            Executive Director

Johannesburg

28 March 2003

   Company Secretary: P B Beale

   Investor Relations: G W Poole

                       TEL:+27 11 688 5100

                       Fax +27 11 836 3757

                       E-mail gpoole@jci.co.za

Registered Office: 28 Harrison Street

                   Johannesburg 2001

                  (PO Box 11165, Johannesburg, 2000)

Transfer Secretaries: Computershare Investor Services Limited

                      70 Marshall Street

                      Johannesburg 2001

                     (PO Box 1053, Johannesburg, 2000)

                      Republic of South Africa

                      Telephone: +27 11 370-5000

                      Facsimile: +27 11 370-5271/2

United Kingdom Registrars: Capita Registrars

                           Balfour House

                           390 - 398 High Road

                           Ilford, Essex IG1 1NQ

                           Telephone (020) 8639 1139

                           Telefax (020) 8553 0784

United Kingdom Secretaries:St James's Corporate Services Limited

                           6 St James's Place

                           London, SW1A 1NP

                           Telephone (020) 7499 3916

                           Telefax (020) 7491 1989

Paris representative agents: Euro Emetteurs Finance

                             48 Boulevard des Batignolles

                             75850 Paris

                             CEDEX 17, France

                             Telephone (+331) 5530 5900

                             Telefax (+331) 5530 5910



END



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