SENS announcement for JSE listed company: JSE General
BACK TO SENS

Precinct Funding 2 (RF) Limited – Availability of financials announcement 2019


                            

Precinct Funding 2 (RF) Limited – Availability of financials announcement 2019

PRECINCT FUNDING 2 (RF) LTD
Incorporated in the Republic of South Africa
Alpha code: PFLI
(the “Company”)

NOTICE OF AVAILABILITY OF ANNUAL FINANCIAL STATEMENTS

Precinct Funding 2 (RF) Ltd hereby notifies its debt investors that it has publicly released its audited
annual financial statements (“AFS”) for the year ended 31 December 2019 and that the audit report
relating to the AFS is unqualified.

Debt investors are advised that the 2019 AFS contain restatements of the 2018 statement of cashflows
(SOCF) as a result of the identification of prior period errors.

The restatements arose as a result of:
1. During the prior year, the statement of cash flows did not separately present interest receipts
and interest payments. The company has separately presented interest receipts and interest
payments for both the current and prior year. Furthermore, interest income and interest
expense accrued that was initially included within investing and financing activities
respectively, have been reclassified to operating activities for both the current and prior year.
2. During the prior year, the cash flows relating to investing and financing activities were
presented on an aggregated basis as opposed to presenting their respective cash receipts and
cash payments on a gross basis. The company has now presented cash flows from investing
and financing activities on a gross basis for both the current year and prior year in order to
ensure more fair presentation.

Full details of the restatements are set out in note 24 of the 2019 AFS.

The AFS are available for inspection at Nedbank limited registered office at 135 Rivonia Road,
Sandown, Sandton and on the Company’s website at
https://www.nedbank.co.za/content/nedbank/desktop/gt/en/investor-
relations/debt-investor/securitisation.html.

30 June 2020
Debt Sponsor: Nedbank Corporate and Investment Banking

Date: 30-06-2020 05:30:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’).
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.


BACK TO SENS
NEWSLETTERS WEB APP SHOP PORTFOLIO TOOL TRENDING CPD HUB

Follow us:

Search Articles:Advanced Search
Click a Company: