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FINANCIAL STATEMENTS AND NOTES 2007STATEMENTS OF CHANGES IN NET ASSETS FOR THE YEAR ENDED 31 MARCH 2007Non-DistributableNote Retained Earnings Reserve TotalR R RGROUPBalance at 31 March 2005 as previously reported 150,716,855 – 150,716,855Restatements 4,427,063 – 4,427,063Useful life adjustment 3,902,825 _ 3,902,825Capitalisation of an asset received by way of donation at book value 524,238 _ 524,238Restated Balance as at 31 March 2006 155,143,918 _ 155,143,918Prior Year adjustments 5,072,300 – 5,072,300Fair value adjustment (259,971) – (259,971)Depreciation (21,063) – (21,063) – 4,791,266Revaluation of property 11 – 63,046,831 63,046,831Restated Balance as at 31 March 2006 159,935,184 63,046,831 222,982,015Land and Buildings 251,860 (251,860) – 20,662,588Balance as at 31 March 2007 180,849,632 62,794,971 243,644,603MINTEKBalance at 31 March 2005 as previously reported 133,388,995 – 133,388,995Restatements 4,427,063 – 4,427,063Useful life adjustment 3,902,825 _ 3,902,825Capitalisation of an asset received by way of donation at book value 524,238 _ 524,238Restated Balance at 31 March 2005 137,816,058 – 137,816,058Prior year adjustments 4,387,757Fair value adjustment on trade debtors (259,971) – (259,971)Depreciation (21,063) – (21,063) – 4,106,723Revaluation of property 11 – 63,046,831 63,046,831Restated Balance at 31 March 2006 141,922,781 63,046,831 204,969,612Land and Buildings 251,860 (251,860) – 3,003,691Balance as at 31 March 2007 145,178,332 62,794,971 207,973,30365annual report 2007