Slide 1: Interim Results for the six months ended 31 August 2016
INTERIM RESULTS for the six months ended 31 August 2016 BALWIN PROPERTIES LIMITED (Previously Balwin Properties Proprietary Limited) Incorporated in the Republic of South Africa Registration number 2003/028851/06 Share code: BWN ISIN: ZAE000209532 (“Balwin” or “the Company”)
Slide 2: Reconciliation of Headline Earnings
RECONCILIATION OF HEADLINE EARNINGS FOR THE SIX MONTHS ENDED 31 AUGUST 2016 Restated unaudited Unaudited Audited Six months ended Six months ended 12 months ended 31 August 31 August 29 February 2016 2015 2016 Basic and headline earnings per share Basic (cents) 50 58 132 Headline (cents) 50 58 131 T
Slide 3: Condensed Consolidated Statement of Comprehensive Income
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED 31 AUGUST 2016 Restated unaudited Unaudited Audited Six months ended Six months ended 12 months ended 31 August 31 August 29 February 2016 2015 2016 R’000 R’000 R’000 Revenue 986 635 823 405 2 083 512 Cost of sales (58
Slide 4: Condensed Consolidated Statement of Financial Position
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION FOR THE SIX MONTHS ENDED 31 AUGUST 2016 Restated unaudited Unaudited Audited Six months ended Six months ended 12 months ended 31 August 31 August 29 February 2016 2015 2016 R’000 R’000 R’000 ASSETS Non-current assets Property, plant and equipme
Slide 5: Condensed Consolidated Statement of Changes in Equity
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE SIX MONTHS ENDED 31 AUGUST 2016 Foreign currency Restated Restated Share translation retained total capital reserve income equity R’000 R’000 R’000 R’000 Balance at 1 March 2015 (Audited) 6 (1 437) 696 257 694 826 Total comprehensive inco
Slide 6: Condensed Consolidated Statement of Cash Flows
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED 31 AUGUST 2016 Unaudited Unaudited Audited Six months ended Six months ended 12 months ended 31 August 31 August 29 February 2016 2015 2016 R’000 R’000 R’000 Cash flows from operating activities Cash generated (used in) from ope
Slide 7: Segmental Analysis
SEGMENTAL ANALYSIS FOR THE SIX MONTHS ENDED 31 AUGUST 2016 Unaudited Unaudited Audited Six months ended Six months ended 12 months ended 31 August 31 August 29 February 2016 2015 2016 R’000 R’000 R’000 UNITED KINGDOM Segmental statement of financial position Assets Property, plant and equipment – 80
Slide 8: Segmental Analysis Continued
SEGMENTAL ANALYSIS CONTINUED FOR THE SIX MONTHS ENDED 31 AUGUST 2016 Restated Unaudited Audited unaudited Six months ended 12 months ended Six months ended 31 August 29 February 31 August 2015 2016 2016 R’000 R’000 R’000 SOUTH AFRICA Segmental statement of financial position Assets Property, plant a
Slide 9: Notes to the Condensed Consolidated Statements
NOTES TO THE CONDENSED CONSOLIDATED STATEMENTS FOR THE SIX MONTHS ENDED 31 AUGUST 2016 1. Basis of preparation The unaudited summarised consolidated interim financial results have been prepared in accordance with the JSE Listing Requirements and the Companies Act, 2008 of South Africa and the framew
Slide 10: Notes Continued: Interim Dividend
NOTES TO THE CONDENSED CONSOLIDATED STATEMENTS CONTINUED FOR THE SIX MONTHS ENDED 31 AUGUST 2016 4. Interim dividend Notice is hereby given that the directors have declared a gross dividend of 11.08975 cents per ordinary share, payable out of the income reserves for the period ended 31 August 2016 t
Slide 11: Related Party Disclosure
Unaudited Unaudited Audited Six months ended Six months ended 12 months ended 31 August 31 August 29 February 2016 2015 2016 R’000 R’000 R’000 6. Related party disclosure Related party balances Loan accounts – Owing by related parties Slade Properties Proprietary Limited – – 83 RN Gray – – 445 Relat
Slide 12: Notes Continued: Fair Value Information
NOTES TO THE CONDENSED CONSOLIDATED STATEMENTS CONTINUED FOR THE SIX MONTHS ENDED 31 AUGUST 2016 7. Fair value information Fair value hierarchy The different levels are defined as follows: Level 1: Quoted unadjusted prices in active markets for identical assets or liabilities that the Group can acce
Slide 13: Financial Instruments; Board of Directors
Restated unaudited Unaudited Audited Six months ended Six months ended 12 months ended 31 August 31 August 29 February 2016 2015 2016 R’000 R’000 R’000 8. Financial instruments Loans and receivables Other receivables 280 099 69 975 32 004 Cash and cash equivalents 164 241 178 674 462 288 Other finan
Slide 14: Notes Continued: Change in Accounting Policy
NOTES TO THE CONDENSED CONSOLIDATED STATEMENTS CONTINUED FOR THE SIX MONTHS ENDED 31 AUGUST 2016 10. Change in accounting policy The published interim results for the six-month period ended 31 August 2016 included commentary on Balwin’s intention to change its revenue recognition accounting estimate
Slide 15: Corporate Information
CORPORATE INFORMATION BALWIN PROPERTIES LIMITED Registered office Incorporated in the Republic of South Africa Block 1, Townsend Office Park Registration number 2003/028851/06 1 Townsend Avenue Share code: BWN Bedfordview ISIN: ZAE000209532 Private Bag X4, Gardenview, 2047 (“Balwin” or “the Company”
Slide 16: lpi
lpi PROPERTIES