INTERIM RESULTS
For the six months 31 December 2003


Statement of changes in equity

(Rand 000's unless otherwise stated)

Group

Stated
Capital

Translation
reserve

Retained
profit

Total


Balance at 30 June 2002

18 457

11 168

296 328

325 953

New share issues

8 718

8 718

Net profit for the year

117 610

117 610

Dividends paid

(21 241)

(21 241)

Currency translation difference

(4 109)

(4 109)


Balance at 30 June 2003

27 175

7 059

392 697

426 931

Net profit for the period

66 270

66 270

Dividends paid

(14 942)

(14 942)

Currency translation difference

154

154


Balance at 31 December 2003

27 175

7 213

444 025

478 413


Notes

- There are no contingent liabilities or assets at 31 December 2003.

Capital commitments at 31 December 2003 Rm
Contracted 7843
Authorised but not contracted 20 300

  28 143

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