2007 / 2008 Annual Report - Eastern Cape Development Corporation

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EASTERN CAPE DEVELOPMENT CORPORATION 2007/08CONSOLIDATED ANNUAL FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 MARCH 2008STATEMENT OF CHANGES IN EQUITYGroupOpening balance as previously reportedAdjustmentsPrior year adjustmentsShare capitalFair value adjustmentavailable for sale assetsreserveNon-distributablereservesR’000 R’000 R’000193,823 - 510,606Balance at 01 April 2006 as restated 193,823 - 510,606Changes in equityProfit for the yearIssue of sharesFair value gains transferred45,55062,304Total changes 45,550 - 62,304Balance at 01 April 2007 239,373 - 572,910Changes in equityFinancial Assets 74,173Net income (expenses) recognised directly in equityProfit for the year- 74,173 -Total recognised income and expenses for the yearIssue of sharesChange in degree of controlFair value gains transferredDuplicate property derecognisedLoans originally reinstated now reversed-31,49774,173 -Total changes 31,497 74,173 52,956Balance at 31 March 2008 270,870 74,173 625,866CorporationOpening balance as previously reportedPrior period adjustments53,946(750)(240)193,823 - 499,248Balance at 01 April 2006 as restated 193,823 - 499,248Changes in equityProfit for the yearIssue of sharesFair value gains transferred45,55060,644Total changes 45,550 - 60,644Balance at 01 April 2007 239,373 - 559,892Changes in equityFinancial Assets 74,180Net income (expenses) recognised directly in equityProfit for the year- 74,180 -Total recognised income and expenses for the yearIssue of sharesFair value gains transferredLoans originally reinstated now reversedDuplicate property derecognised-31,49774,180 -Total changes 31,497 74,180 46,378Balance at 31 March 2008 270,870 74,180 606,27047,368(750)(240)72
EASTERN CAPE DEVELOPMENT CORPORATION 2007/08Total reserves Accumulated loss Total attributable toequity holders of theCorporationMinority interestTotal equityR’000 R’000 R’000 R’000 R’000510,606(11,792)692,6375,551 698,188-10,96710,96710,967510,606 (825) 703,604 5,551 709,155--62,30424,105(62,304)24,10545,550-820 24,92545,550-62,304 (38,199) 69,655 820 70,475572,910 (39,024) 773,259 6,371 779,63074,173 74,173 74,17374,173 -52,52974,173--53,946(750)(240)52,529(53,946)74,17352,529126,70231,497--(750)(240)-2424(3)74,17352,553126,72631,497(3)-(750)(240)127,124 (1,417) 157,209 21 157,230700,039 (40,441) 930,468 6,392 936,860499,248-(23,582)(2,728)669,489(2,728)- 669,489(2,728)499,248 (26,310) 666,761 - 666,761--60,64415,053(60,644)15,05345,550-- 15,05345,550-60,644 (45,591) 60,603 - 60,603559,892 (71,901) 727,364 - 727,36474,180 74,180 74,18074,180 -37,91574,180-47,368(750)(240)37,915(47,368)74,18037,915112,09531,497-(750)(240)--74,18037,915- 112,09531,497-(750)(240)120,558 (9,453) 142,602 - 142,602680,450 (81,354) 869,966 - 869,96673
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HUMAN RESOURCES MANAGEMENT2007/08 A
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Page 28 and 29: PHOTOGRAPH: Alicedale, home to the
Page 33 and 34: INVESTMENT PROMOTION2007/08 ANNUAL
Page 40 and 41: PHOTOGRAPH: The Mercedes Benz South
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Page 49 and 50: DEVELOPMENT SUPPORT SERVICES2007/08
Page 56 and 57: PHOTOGRAPH: The Automotive Supplier
Page 60 and 61: PHOTOGRAPH: The deepwater port of N
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2007 / 2008 Annual Report - Eastern Cape Development Corporation

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