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Summarised consolidated financial statements for the year ended 31 December 2020
TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
(“Trencor” or “the Company”)
SUMMARISED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
This short form announcement is the responsibility of the directors and represents a summary of the information contained in the full announcement, which is available on the Company’s website https://www.trencor.net/financial-reports/2020-reports/
and https://senspdf.jse.co.za/documents/2021/JSE/ISSE/TRE/YEres20.pdf
The Company’s independent auditors have issued an unmodified audit opinion. The annual financial statements including the audit opinion and the basis for its unmodified opinion, is available on the company’s website on https://www.trencor.net/financial-reports/2020-reports/
Any investment decisions by shareholders and other investors should be based on consideration of the full announcement. The full announcement is also available from the registered office of the Company and at the offices of the sponsor, at no charge, during normal business hours.
FINANCIAL SUMMARY
| 2020 | 2019 | ||
| Operating loss before net finance expenses* | Rm | (43) | (211) |
| Loss before tax* | Rm | (20) | (274) |
| Basic loss* | Rm | (38) | (456) |
| Headline loss | Rm | (38) | (24) |
| Basic loss per share | Cents | (22) | (263) |
| Headline loss per share | Cents | (22) | (14) |
| Assets in specie dividend per share | Cents | 249 | 2 073 |
| Cash dividends per share | Cents | 160 | 185 |
| Consolidated net asset value per share | Cents | 658 | 1 225 |
*Amounts include discontinued operation.
DIVIDEND
The board has not declared a final cash dividend in respect of 2020.
On behalf of the board
Hennie van der Merwe
Chief Executive Officer
31 March 2021
Directors: David Nurek (Chairman), Eddy Oblowitz, Ric Sieni* (Financial), Roddy Sparks, Hennie van der Merwe* (CEO) (* Executive)
Secretaries: Trencor Services Proprietary Limited
Registered Office: 13th Floor, The Towers South, Heerengracht, Cape Town 8001
Transfer Secretaries: Computershare Investor Services Proprietary Limited, Rosebank Towers, 15 Biermann Avenue, Rosebank 2196 (Private Bag X9000, Saxonwold 2132)
Sponsor: Investec Bank Limited, 100 Grayston Drive, Sandown, Sandton 2196