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SJM Steven Madden Ltd.

41.40
0.00 (0.00%)
14:11:54 - Realtime Data
Share Name Share Symbol Market Type
Steven Madden Ltd. TG:SJM Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 41.40 41.20 41.40 0.00 14:11:54

Final Results

30/06/2003 11:52am

UK Regulatory


    SIMMER AND JACK MINES, LIMITED - RESULTS FOR the FINANCIAL YEAR ENDED 31 MARCH
2003

SIMMER AND JACK MINES, LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1924/007778/06)
Share code SIM ISIN ZAE000006722
(Simmers or the Company)

Directors: R A R Kebble (Chairman), M McChesney (CEO), H C Buitendag, J
Stratton (Australian)

Abridged consolidated income statement

                                          Year ended                 Year ended
                                                                               
                                       31 March 2003              31 March 2002
                                                                               
                                          (Reviewed)                  (Audited)
                                                                               
                                               R`000                      R`000
                                                                               
Revenue                                       51 909                     46 129
                                                                               
Operating costs                               44 200                     40 884
                                                                               
Gross operating profit                         7 709                      5 245
                                                                               
Corporate expenses                           (2 393)                    (1 974)
                                                                               
Operating profit                               5 316                      3 271
                                                                               
Income from investments                          602                        126
                                                                               
Finance charges                              (4 634)                    (3 698)
                                                                               
Net profit/(loss) for the                      1 284                      (301)
year                                                                           

ABRIDGED CONSOLIDATED BALANCE SHEET

ASSETS                                                                         
                                                                               
Non- current assets                           62 221                     53 294
                                                                               
Mining assets                                 60 677                     51 866
                                                                               
Financial assets                               1 200                      1 200
                                                                               
Environmental Rehabilitation                     344                        228
Trust Fund                                                                     
                                                                               
Current assets                                 6 312                     12 455
                                                                               
Other current assets                           5 297                      6 239
                                                                               
Cash and cash equivalents                      1 015                      6 216
                                                                               
                                              68 533                     65 749
                                                                               
EQUITY AND LIABILITIES                                                         
                                                                               
Equity capital and                            36 400                     35 116
accumulated loss                                                               
                                                                               
Shareholders` interest                        36 399                     35 115
                                                                               
Minority shareholders`                             1                          1
interest                                                                       
                                                                               
Non-current liabilities                       27 026                     25 642
                                                                               
Interest bearing loans                           310                         14
                                                                               
Loan from holding company                     26 077                     25 052
                                                                               
Environmental rehabilitation                     639                        576
provision                                                                      
                                                                               
Current liabilities                            5 107                      4 991
                                                                               
Interest bearing borrowings                      259                        154
                                                                               
Trade and other payables                       4 848                      4 837
                                                                               
                                              68 533                     65 749
                                                                               
Shares in issue at year-end                  215 432                    215 432
(`000)                                                                         
                                                                               
Net asset value per share                       16,9                       16,3
(cents)                                                                        
                                                                               
Headline earnings per share                      0,6                      (0,1)
(cents)*                                                                       
                                                                               
Earnings per share (cents)*                      0,6                      (0,1)


* Based on weighted average number of shares in issue 215 432 215 432

ABRIDGED CONSOLIDATED CASH FLOW STATEMENT

Cash flows from operating                      6 716                      3 198
activities                                                                     
                                                                               
Cash flows from investing                   (13 237)                      (468)
activities                                                                     
                                                                               
Cash flows from financing                      1 320                      3 176
activities                                                                     
                                                                               
Net (decrease)/increase in                   (5 201)                      5 906
cash and cash                                                                  
equivalents                                                                    
                                                                               
Cash and cash equivalents at                   6 216                        310
beginning of year                                                              
                                                                               
Cash and cash equivalents at                   1 015                      6 216
end of year                                                                    



Statement of Changes in Equity

                                                    Non-                        
                                                                                
                           Share     Share distributable  Accumulated           
                                                                                
                         capital   premium      reserves      profit/      Total
                                                               (loss)           
                                                                                
                           R`000     R`000         R`000        R`000      R`000
                                                                                
Balance at 1 April         4 307   106 543        17 357     (92 792)     35 416
2001                                                                            
                                                                                
Net loss for the year                                           (301)      (301)
                                                                                
Transfer of profits                             (17 358)       17 358          -
appropriated                                                                    
for capital                                                                     
                                                                                
Balance at 1 April         4 307   106 543             -     (75 735)     35 115
2002                                                                            
                                                                                
Net profit for the             -         -             -        1 284      1 284
year                                                                            
                                                                                
Balance at 31 March        4 307   106 543             -     (74 451)     36 399
2003                                                                            


Notes:
The financial results are prepared on the historical cost basis. Accounting
policies adopted by the group are in accordance with South African Statements
of Generally Accepted Accounting Practice and are consistent with those of the
previous year. The financial results are prepared on the going concern basis.


The Company`s auditors, Grant Thornton Kessel Feinstein, have reviewed the
financial information for the 12-months ended 31 March 2003. Their report is
available at the registered office of the Company.


By order of the Board
Consolidated Mining Management Services Limited
Secretaries
Johannesburg
27 June 2003

Transfer secretaries                                                           
                                                                               
South Africa                            United Kingdom                         
                                                                               
Computershare Investor Services Limited Capita Registrars                      
                                                                               
Ground Floor                            The Registry                           
                                                                               
70 Marshall Street                      34 Beckenham Road                      
                                                                               
Johannesburg, 2001                      Beckenham                              
                                                                               
                                        Kent BR3 4TU                           
                                                                               
                                        England                                
                                                                               
Registered office                       Sponsor                                
                                                                               
3rd Floor                               River Sponsors (Pty) Limited           
                                                                               
28 Harrison Street                      Suite 201                              
                                                                               
Johannesburg, 2001                      150 Brooks Street                      
                                                                               
                                        Brooklyn, 0181                         
                                                                               
                                        Pretoria                               









END



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