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94
JOHN DANIEL HOLDINGS LIMITED AND ITS SUBSIDIARIES
INTEGRATED ANNUAL REPORT 2011
Notes to the Annual Financial Statements
- Continued
Annual Financial Statements for the 15 months ended 30 September 2011
13. Cash and cash equivalents
Cash and cash equivalents consist of:
Group
Company
2011
2010
2011
2010
Bank balances
309 166
45 798
81 407
19
Bank overdraft
(32)
(11 315)
(32)
-
309 134
34 483
81 375
19
Current assets
309 166
45 798
81 407
19
Current liabilities
(32)
(11 315)
(32)
-
309 134
34 483
81 375
19
14. Share capital
Group
Company
2011
2010
2011
2010
Authorised
1,000,000,000 (2010 - 150 000 000) ordinary shares
of R0.01 each
10 000 000 1 500 000 10 000 000 1 500 000
The authorised share capital was increased from R1 500 000 divided into 150 000 000 ordinary shares of one cent each,
to R10 000 000 divided into 1 000 000 000 ordinary shares of one cent each. The increase in authorised share capital was
approved by the shareholders at the annual general meeting held on 28 January 2011 and subsequently lodged with CIPC.
Reconciliation of number of shares issued:
Reported as at 01 October 2010
150 500 000 58 519 759 150 500 000 58 519 759
Issue of shares – ordinary shares
7 152 363 91 980 241
7 152 363 91 980 241
157 652 363 150 500 000 157 652 363 150 500 000
Issue of ordinary shares
The unissued ordinary shares are under the control of the directors in terms of a resolution of members passed at the last
annual general meeting. The general authority to issues shares is subject to the following main limitations:
- a maximum discount at which the shares may be issued of 10% of the weighted average trading price over the 30 business
days prior to the issue date; and
- the aggregate total of new share issued will not exceed 15% of the shares in issue at the beginning of the financial year.
This authority remains in force until the next annual general meeting.