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The condensed consolidated financial results have been prepared in accordance with International Financial Reporting Standards (IFRS), IAS 34: Interim Financial Reporting, the South African Companies Act, as amended, and the JSE Listings Requirements. The principal accounting policies used in the preparation of the reviewed results for the year ended 30 June 2010 are consistent with those applied for the previous year. IAS 1: Presentation of Financial Statements has been adopted and changes to the terminology, format and content of the financial statements have been applied. Following the adoption of IFRS 8, which requires that operating segments be identified and reported on the same basis as is done internally, comparative figures have been reclassified accordingly.

Wilson Bayly Holmes-Ovcon Limited (WBHO) makes estimates and assumptions concerning the future, particularly in regard to construction profit recognition, provisions, and the fair values of certain assets. The resulting accounting estimates can, by definition, only approximate the actual results. Estimates and judgements are based on historical experience and other factors, including expectations of future events which are believed to be reasonable at that time.

These results have been reviewed by the independent, external auditors, BDO South Africa Inc. and their unmodified review opinion is available for inspection at our registered office.

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Financial Statements

arrow Condensed consolidated statement of financial performance
arrow Condensed consolidated statement of comprehensive income
arrow Condensed consolidated statement of financial position
arrow Condensed consolidated statement of changes in equity
arrow Condensed consolidated statement of cash flows
arrow Condensed consolidated segmental analysis


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