STIL Stilfontein Gold Mining Co Ld

RNS Number:0103Y
Stilfontein Gold Mining Co
30 January 2001


STILFONTEIN GOLD MINING COMPANY LIMITED
Registration Number 1949/033412/06

INTERIM REPORT FOR THE SIX MONTHS ENDING 31 DECEMBER 2000

Issued Capital 13 062 920 Ordinary Shares of 50 cents each
Financial Results (R000)


INCOME STATEMENT                     6 Months         6 Months   Year Ended
                                ended 31/12/99  ended 31/12/2000  30/6/2000

Gold Sales              
Operating Costs                           629                300      2 005   

Operating (Loss)/
profit                                   (629)              (300)    (2 005)
 
Sundry Revenue - Net                       75                245     (1 780)
Interest Received                         487                  3        673
Dividends Received                                                       19
Profit on Realisation
of Investments                                                          108   

(Loss)/profit before
taxation                                  (67)               (52)    (2 985)
Taxation                                                                692
(Loss)/profit after
taxation                                  (67)               (52)    (3 677)
                      
Funds Released from
Non distributable 
Reserve due to capital
Recoupments and 
Movement in unlisted
investments.                                1                  -      1 047



BALANCE SHEET                        6 Months          6 Months   Year Ended
Capital Employed               ended 31/12/99  ended 31/12/2000    30/6/2000

Share Capital                     8 045              8 045            8 045
Reserves                          7 290              3 166            3 218
                                 15 335             11 211           11 263
                           
EMPLOYMENT OF CAPITAL
Mining Assets                     9 143              7 966            7 966
Unlisted Investments     
- Directors' valuation              575                 29               29
- Excess over book value            429                  0                0

- Book value                        146                 29               29

Net current Assets                6 046              3 216            3 268
  Current Assets                  8 323              5 202            5 417
  Cash                            5 069               (869)          (2 554)
  Debtors                         3 254              6 071            7 971

Current Liabilities               2 277              1 986            2 149
                                 15 335             11 211           11 263   
 


CASH FLOW STATEMENT             6 Months          6 Months      Year Ended
                          ended 31/12/99  ended 31/12/2000       30/6/2000

Net cash effects
of operating 
activities                         (170)              1 685         (7 038)
Net cash effects
of investing
activities                                                           1 092
                             
Net cash movement                  (170)              1 685         (5 946)
Cash available at
Beginning of year                 5 239              (2 554)         3 392
 
Cash available at end
of year                           5 069                (869)        (2 554)

During the period under review the company continued pumping operations on
behalf of Hartebeestfontein Gold Mining Company Limited and rehabilitation and
maintenance on behalf of Rand Leases Properties.

Directors
R.A.R. Kebble (Chairman) H.C. Buitendag R.B. Kebble I.L. Murray

Company Secretary
M.A. Eloff

Registered Office and Secretary
DRD Building
45 Empire Road
Parktown
2193
P O Box 390
Maraisburg
1700
RSA
Telephone (011) 482-4968  Telefax (011) 482-4641

Transfer Secretaries:
Computershare Services (Pty) Limited
4th Floor
Edura Building
41 Fox Street
Johannesburg
P O Box 62391
Marshalltown
2107
Republic of South Africa
Telephone (011) 370-7743   Telefax (011) 330-7916

United Kingdom Registrars:
Computershare Services PLC
Securities Services - Registrars
P O Box 82
The Pavilions
Bridgwater Road
Bristol BS99 7NH
Telephone (0117) 930-6600   Telefax  (0117) 930-6509

United Kingdom Secretaries:
St. James's Corporate Services Limited
6 St. James's Place, London, SW1A 1NP
Telephone (020) 499-3916   Telefax  (020) 491-1989

French Agents:
Euro Emetteurs Finance
48 Boulevard des Batignolles
75850 Paris
CEDEX 17
Telephone  (+331) 5530 5900  Telefax  (+331) 5530-5910       
                            

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