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| NOTES TO FINANCIAL INFORMATION |
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- The group has changed its accounting policies
to comply with International Financial Reporting
Standards ("IFRS") effective 1 March 2004.
All comparative information has been adjusted
accordingly. Tax (note 5) The financial information
has been reviewed by KPMG Inc., whose unqualified
review opinion is available for inspection
at the Company's registered office. It is
anticipated that an unqualified audit opinion
will be issued in due course once the annual
financial statements have been audited.
- Revenue comprises turnover, other trading
income, interest received and dividends received.
- The weighted average number of shares is
lower than that in issue due to the treasury
shares held by the Group being treated as
cancelled for this calculation.
- An amount of goodwill on the acquisition
of Franklins in Australia in 2002 should have
been expensed in the year incurred. Goodwill
and opening accumulated profits have been
adjusted accordingly.
- The Franklins deferred tax asset of R81.4
million, accumulated since acquisition, has
been written off in the tax charge in the
year under review. The impact of this write
off has been largely offset by the release
of prior year tax over provisions.
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