30 Jul - 3 min read

Audited condensed consolidated financial results for the year ended 30 April 2021

Audited condensed consolidated financial results for the year ended 30 April 2021

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

RESULTS for the year ended 30 April 2021


REVENUE increased to R1 206,4 million (2020: R1 192,9 million)*

EBITDA increased to R76,0 million (2020: loss of R2,6 million)*

OPERATING PROFIT increased to R57,1 million (2020: loss of R21,2 

TOTAL COMPREHENSIVE INCOME increased to R30,4 million (2020: loss 
of R196,1 million)

EARNINGS PER SHARE increased to 7,25 cents (2020: loss per share 
of 28,97 cents)

HEADLINE EARNINGS PER SHARE increased to 9,19 cents (2020: 
headline loss per share of 18,66 cents)

NET ASSET VALUE PER SHARE increased to 25,5 cents (2020: 18,2 

NET TANGIBLE ASSET VALUE PER SHARE increased to 25,5 cents (2020: 
18,2 cents)

No dividend declared

* Restated as required by IFRS 5


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 

Any investment decision by investors and/or shareholders should be 
based on the full announcement published on SENS on 30 July 2021 
on the JSE website and also available on the Company’s website at 

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 30 July 2021 to 5 August 2021, both days inclusive. 
Copies of the full announcement may be requested by email to 

The JSE link is as follows:

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/AFS2021.pdf. The audit report on the 
annual financial statements in respect of which an unmodified 
opinion was expressed, notes as key audit matters the calculation 
of expected credit losses (“ECL”) raised against trade 
receivables, the valuation of inventories, the recognition of 
deferred tax assets and the calculation of the ECL raised against 
financial guarantees.

30 July 2021


Messrs Timothy Fearnhead (Chairperson)*, Dr Shaun Prithivirajh 
(CEO), Chris Booyens (CFO), Martin Kuscus*, Edick Lehapa*, 
Francois Olivier*, Edward Raff* 
* Independent non-executive  

Prepared by Mr Jacques Liebenberg BCompt (Hons), AGA(SA), Interim 
Finance Executive/Consultant, under the supervision of 
Mr Chris Booyens CA(SA), Financial Director and CFO 

Acorim Secretarial & Governance Services

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

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

BDO South Africa Inc

Computershare Investor Services (Pty) Ltd


Date: 30-07-2021 04:48:00
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