Ellies Holdings Limited (JSE:ELI) News - Click below to view full PDF article
https://senspdf.jse.co.za/documents/2022/jse/isse/eli/YE22.pdf
Audited condensed consolidated results for the year ended 30 April 2022

ELLIES HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number: 2007/007084/06
JSE share code: ELI
ISIN: ZAE000103081
("Ellies" or "the Company")

SHORT-FORM ANNOUNCEMENT - AUDITED CONDENSED CONSOLIDATED FINANCIAL 
RESULTS for the year ended 30 April 2022

2022 at a glance

REVENUE - Decreased by 10,8% to R1 076,4 million (F2021: R1 206,4 
million)

EBITDA - Decreased by 148,8% to a loss of R37,1 million (F2021: 
profit of R76,0 million)

PROFIT AFTER TAX attributable to equity holders of the parent - 
Decreased by 197,1% to a loss of R43,7 million (F2021: profit of 
R45,0 million)

TOTAL COMPREHENSIVE INCOME - Decreased by 243,4% to a loss of R43,6 
million (F2021: profit of R30,4 million)

EARNINGS PER SHARE - Decreased by 182,2% to a loss of 5,96 cents 
(F2021: profit of 7,25 cents)

HEADLINE EARNINGS PER SHARE - Decreased by 177,6% to a headline 
loss of 7,13 cents (F2021: profit of 9,19 cents)

NET ASSET VALUE PER SHARE - Decreased by 34,9% to 16,6 cents 
(F2021: 25,5 cents)

NET TANGIBLE ASSET VALUE PER SHARE - Decreased by 34,9% to 16,6 
cents (F2021: 25,5 cents)

No dividend declared


SHORT-FORM ANNOUNCEMENT 

This short-form announcement is the responsibility of the 
directors. It is only a summary of the information contained in 
the full announcement and does not contain full or complete 
details.  

Any investment decision by investors and/or shareholders should be 
based on the full announcement published on SENS on 29 July 2022 
on the JSE website and also available on the Company's website at 
https://elliesholdings.com/YERes2022.pdf.  

The full announcement is also available at the Company's 
registered office (for inspection, at no charge, during office 
hours on any business day) and at the offices of the sponsor, Java 
Capital, from 29 July 2022 to 4 August 2022, both days inclusive. 
Copies of the full announcement may be requested by email to 
info@elliesholdings.com.  

The JSE link is as follows:
https://senspdf.jse.co.za/documents/2022/JSE/ISSE/ELI/YE22.pdf

The annual financial statements including the audit opinion of the 
external auditor, BDO South Africa Incorporated, which sets out 
the key audit matters and the basis for its unmodified opinion, is 
available on the Company's website on 
https://elliesholdings.com/AFS2022.pdf. The audit report on the 
annual financial statements in respect of which an unmodified 
opinion was expressed, notes as key audit matters:

-  Recoverability of deferred tax assets - recognition of deferred 
   tax assets: availability of future sufficient taxable profit 
   against which deductible temporary differences and tax losses 
   carried forward can be utilised;

-  Valuation of inventory, including the completeness of the 
   provision for obsolete stock, measurement of slow-moving 
   inventory, if items of inventory are still saleable, and key 
   assumptions used on the average usage and expected rate of sale 
   of inventory; and

-  Going concern assumption - underlying fundamentals of cash flow 
   projections and forward-looking economic outlook for South 
   Africa.

29 July 2022

ELLIES HOLDINGS LIMITED

DIRECTORS: Mr Timothy Fearnhead (Chairperson)*, Dr Shaun 
Prithivirajh (CEO), Mr Guy Moretti (CFO), Mr Darren Kramer*, 
Mr Martin Kuscus*, Mr Edick Lehapa*, Ms Maya Makanjee*, Ms Sedzani 
Mudau*, Mr Francois Olivier*, Mr Edward Raff* 

* Independent Non-Executive 

PREPARER: Prepared by Mr Jacques Liebenberg BCompt (Hons), 
AGA(SA), Group Reporting Financial Manager, under the supervision 
of Mr Guy Moretti CA(SA), Financial Director and CFO

COMPANY SECRETARY: Acorim Secretarial & Governance Services

REGISTERED OFFICE: Brooklyn Place, 3 Centex Close, Kramerville, 
Sandton, 2090 (PO Box 57076, Springfield, 2137) 

SPONSOR: Java Capital, 6th Floor, 1 Park Lane, Wierda Valley, 
Sandton, 2196

AUDITORS: BDO South Africa Inc

TRANSFER SECRETARIES: Computershare Investor Services (Pty) Ltd

http://www.elliesholdings.com

Date: 29-07-2022 01:05:00
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