MASONITE (AFRICA) LIMITED
(Incorporated in the Republic of South Africa) (Registration number 1942/015502/06) Share code: MAS ISIN: ZAE000004289
("Masonite" or "the company")
Shareholders are advised that, following a pro-active monitoring review by the JSE Limited of Masonite's annual financial statements for the year ended 31 December 2014 ("2014 AFS"), a restatement of the headline earnings per share ("HEPS") is required.
The restatement required arises as a result of the unintentional inclusion of the insurance proceeds received related to the plant, machinery and equipment and the unintentional exclusion loss on disposal of plant, machinery and equipment from the explosion at Masonite's mill in Estcourt on 6 June 2014.
31 December 2014 R'000 | |
Headline earnings as reported in the 2014 AFS | 20 220 |
Adjusted for: | |
Insurance proceeds on plant, machinery and equipment damaged in the explosion | (2 800) |
Loss on disposal plant, machinery and equipment damaged in the explosion | 572 |
Tax effect of above adjustments | 624 |
Adjusted headline earnings | 18 616 |
HEPS as reported in the 2014 AFS | |
Basic (cents) | 283 |
Diluted (cents) | 283 |
Adjusted HEPS | |
Basic (cents) | 261 |
Diluted (cents) | 261 |
The adjustment represents a 22 cents (7.8%) decrease in HEPS.
Durban
18 December 2015 Sponsor
Nedbank CIB
Masonite (Africa) Limited issued this content on 2015-12-18 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2015-12-18 13:36:14 UTC
Original Document: http://www.masonite.co.za/news/2015/Masonite SENS 181215.pdf