20120210-15:15:15.258 8=FIXT.1.19=4035=052=20120210-13:15:47.5401180=test10=178 20120210-15:15:25.258 8=FIXT.1.19=4035=052=20120210-13:15:57.5401180=test10=179 20120210-15:15:35.258 8=FIXT.1.19=4035=052=20120210-13:16:07.5401180=test10=175 20120210-15:15:45.258 8=FIXT.1.19=4035=052=20120210-13:16:17.5401180=test10=176 20120210-15:15:55.257 8=FIXT.1.19=4035=052=20120210-13:16:27.5401180=test10=177 20120210-15:16:05.257 8=FIXT.1.19=4035=052=20120210-13:16:37.5401180=test10=178 20120210-15:16:15.257 8=FIXT.1.19=4035=052=20120210-13:16:47.5411180=test10=180 20120210-15:16:25.241 8=FIXT.1.19=4035=052=20120210-13:16:57.5401180=test10=180 20120210-15:16:35.241 8=FIXT.1.19=4035=052=20120210-13:17:07.5401180=test10=176 20120210-15:16:45.241 8=FIXT.1.19=4035=052=20120210-13:17:17.5411180=test10=178 20120210-15:16:55.241 8=FIXT.1.19=4035=052=20120210-13:17:27.5401180=test10=178 20120210-15:17:05.241 8=FIXT.1.19=4035=052=20120210-13:17:37.5401180=test10=179 20120210-15:17:15.241 8=FIXT.1.19=4035=052=20120210-13:17:47.5401180=test10=180 20120210-15:17:25.241 8=FIXT.1.19=4035=052=20120210-13:17:57.5411180=test10=182 20120210-15:17:35.241 8=FIXT.1.19=4035=052=20120210-13:18:07.5401180=test10=177 20120210-15:17:45.241 8=FIXT.1.19=4035=052=20120210-13:18:17.5401180=test10=178 20120210-15:17:55.241 8=FIXT.1.19=4035=052=20120210-13:18:27.5401180=test10=179 20120210-15:18:05.241 8=FIXT.1.19=4035=052=20120210-13:18:37.5411180=test10=181 20120210-15:18:15.241 8=FIXT.1.19=4035=052=20120210-13:18:47.5401180=test10=181 20120210-15:18:25.241 8=FIXT.1.19=4035=052=20120210-13:18:57.5411180=test10=183 20120210-15:18:35.241 8=FIXT.1.19=4035=052=20120210-13:19:07.5411180=test10=179 20120210-15:18:45.241 8=FIXT.1.19=4035=052=20120210-13:19:17.5401180=test10=179 20120210-15:18:55.241 8=FIXT.1.19=4035=052=20120210-13:19:27.5401180=test10=180 20120210-15:19:05.240 8=FIXT.1.19=4035=052=20120210-13:19:37.5401180=test10=181 20120210-15:19:15.240 8=FIXT.1.19=4035=052=20120210-13:19:47.5401180=test10=182 20120210-15:19:25.240 8=FIXT.1.19=4035=052=20120210-13:19:57.5411180=test10=184 20120210-15:19:35.240 8=FIXT.1.19=4035=052=20120210-13:20:07.5401180=test10=170 20120210-15:19:45.240 8=FIXT.1.19=4035=052=20120210-13:20:17.5411180=test10=172 20120210-15:19:55.240 8=FIXT.1.19=4035=052=20120210-13:20:27.5411180=test10=173 20120210-15:20:05.240 8=FIXT.1.19=4035=052=20120210-13:20:37.5401180=test10=173 20120210-15:20:15.240 8=FIXT.1.19=4035=052=20120210-13:20:47.5411180=test10=175 20120210-15:20:25.240 8=FIXT.1.19=4035=052=20120210-13:20:57.5411180=test10=176 20120210-15:20:35.240 8=FIXT.1.19=4035=052=20120210-13:21:07.5401180=test10=171 20120210-15:20:45.240 8=FIXT.1.19=4035=052=20120210-13:21:17.5411180=test10=173 20120210-15:20:55.240 8=FIXT.1.19=4035=052=20120210-13:21:27.5401180=test10=173 20120210-15:21:05.240 8=FIXT.1.19=4035=052=20120210-13:21:37.5401180=test10=174 20120210-15:21:15.240 8=FIXT.1.19=4035=052=20120210-13:21:47.5401180=test10=175 20120210-15:21:25.240 8=FIXT.1.19=4035=052=20120210-13:21:57.5401180=test10=176 20120210-15:21:35.239 8=FIXT.1.19=4035=052=20120210-13:22:07.5401180=test10=172 20120210-15:21:45.239 8=FIXT.1.19=4035=052=20120210-13:22:17.5411180=test10=174 20120210-15:21:55.239 8=FIXT.1.19=4035=052=20120210-13:22:27.5411180=test10=175 20120210-15:22:05.239 8=FIXT.1.19=4035=052=20120210-13:22:37.5411180=test10=176 20120210-15:22:15.239 8=FIXT.1.19=4035=052=20120210-13:22:47.5411180=test10=177 20120210-15:22:25.239 8=FIXT.1.19=4035=052=20120210-13:22:57.5401180=test10=177 20120210-15:22:35.239 8=FIXT.1.19=4035=052=20120210-13:23:07.5401180=test10=173 20120210-15:22:45.239 8=FIXT.1.19=4035=052=20120210-13:23:17.5401180=test10=174 20120210-15:22:55.239 8=FIXT.1.19=4035=052=20120210-13:23:27.5401180=test10=175 20120210-15:23:05.239 8=FIXT.1.19=4035=052=20120210-13:23:37.5401180=test10=176 20120210-15:23:15.239 8=FIXT.1.19=4035=052=20120210-13:23:47.5401180=test10=177 20120210-15:23:25.239 8=FIXT.1.19=4035=052=20120210-13:23:57.5401180=test10=178 20120210-15:23:35.239 8=FIXT.1.19=4035=052=20120210-13:24:07.5401180=test10=174 20120210-15:23:45.239 8=FIXT.1.19=4035=052=20120210-13:24:17.5401180=test10=175 20120210-15:23:55.239 8=FIXT.1.19=4035=052=20120210-13:24:27.5401180=test10=176 20120210-15:24:05.239 8=FIXT.1.19=4035=052=20120210-13:24:37.5401180=test10=177 20120210-15:24:15.238 8=FIXT.1.19=4035=052=20120210-13:24:47.5421180=test10=180 20120210-15:24:25.238 8=FIXT.1.19=4035=052=20120210-13:24:57.5401180=test10=179 20120210-15:24:35.238 8=FIXT.1.19=4035=052=20120210-13:25:07.5411180=test10=176 20120210-15:24:45.238 8=FIXT.1.19=4035=052=20120210-13:25:17.5411180=test10=177 20120210-15:24:55.238 8=FIXT.1.19=4035=052=20120210-13:25:27.5411180=test10=178 20120210-15:25:05.238 8=FIXT.1.19=4035=052=20120210-13:25:37.5411180=test10=179 20120210-15:25:15.238 8=FIXT.1.19=4035=052=20120210-13:25:47.5401180=test10=179 20120210-15:25:15.801 8=FIXT.1.19=82935=B52=20120210-13:25:48.0921180=test1181=111472=201202100005A1473=10242=15:25:00358=38359=Abridged Audited Results, 30 June 20111688=11689=601300= 61=1149=http://10.6.202.133/jsecoza/Extranet/SENS/SENSSearch.aspx?guid=06e6fe19-17f6-4d16-8991-124c02a59764 33=1354=400355=Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (&apos;JSE&apos;). The JSE does not, whether expressly, tacitly orimplicitly, represent, warra354=400355=nt 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.10=103 20120210-15:25:15.863 8=FIXT.1.19=96335=B52=20120210-13:25:48.1591180=test1181=131472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=31689=6033=2354=400355=2012-02-10T15:25:06.104Z2012-02-10T15:25:06.104Z2012-02-10T15:25:00.000ZSENS_20120210_S300361_ITNI.XMLJSE.IS.Sens.NewsML12012-02-09T11:42:03.293Z201202100005AS300361Abridged Audited Results, 30 June 2011Financial ResultsAuditedRAINBOWRAINBOW CHICKEN LIMITEDRAINBOWRainbow Chicken LtdAbridged Audited Results, 30 June 2011 RAINBOW CHICKEN LIMITED (?RCL? or ?Group?) ABRIDGED GROUP AUDITED RESULTS FOR THE FIFTEEN MONTHS ENDED 30 JUNE 2011 AND CASH DIVIDEND DECLARATION CONSOLIDATED BALANCE SHEET 354=400355= CONSOLIDATED STATEMENT OF CHANGES IN EQUITY R?000 30 June 2011 10=020 20120210-15:25:15.972 8=FIXT.1.19=96335=B52=20120210-13:25:48.2701180=test1181=171472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=71689=6033=2354=400355= 31 March 2010 SALIENT FEATURES R?000 354=400355= Stated 10=191 20120210-15:25:16.004 8=FIXT.1.19=96335=B52=20120210-13:25:48.3001180=test1181=181472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=81689=6033=2354=400355= capital Share-based 354=400355= payments 10=152 20120210-15:25:16.035 8=FIXT.1.19=96335=B52=20120210-13:25:48.3351180=test1181=191472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=91689=6033=2354=400355= Retained earnings 354=400355= Total ASSETS Balance at 1 April 2009 1 166 762 97 932 1 221 216 2 485 910 Non-current assets Property, plant and equipment 10=161 20120210-15:25:16.066 8=FIXT.1.19=96435=B52=20120210-13:25:48.3611180=test1181=201472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=101689=6033=2354=400355= 1 600 008 1 464 929 Revenue 24,0% Total comprehensive income Goodwill 287 444 287 444 354=400355= for the period 355 508 355 508 1 887 452 1 752 373 10=161 20120210-15:25:16.082 8=FIXT.1.19=96435=B52=20120210-13:25:48.3861180=test1181=211472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=111689=6033=2354=400355= EBITDA 12,6% Ordinary dividends paid (210 173) (210 173) Current assets 354=400355= BEE share-based payments Inventories 664 804 538 413 Operating profit 6,3% charge 3 383 3 383 Biological assets 10=245 20120210-15:25:16.113 8=FIXT.1.19=96435=B52=20120210-13:25:48.4121180=test1181=221472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=121689=6033=2354=400355= 445 226 422 798 Employee share option scheme: Trade and other receivables Tax receivable 1 259 552 41 773 354=400355= 1 154 647 8 558 Headline earnings 10,6% Proceeds from s10=070 20120210-15:25:16.129 8=FIXT.1.19=96435=B52=20120210-13:25:48.4361180=test1181=231472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=131689=6033=2354=400355=hares issued 10 295 10 295 Value of employee services 15 259 15 259 Cash and cas354=400355=h equivalents 469 496 539 067 2 880 851 2 663 483 Total dividend 84,0 cents per share Balance 10=001 20120210-15:25:16.160 8=FIXT.1.19=96435=B52=20120210-13:25:48.4561180=test1181=241472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=141689=6033=2354=400355=at 1 April 2010 1 177 057 116 574 1 366 551 2 660 182 Total assets 4 768 303 4 415 856 Total comprehensive income 354=400355= for the period 383 850 383 850 EQUITY 10=212 20120210-15:25:16.176 8=FIXT.1.19=96435=B52=20120210-13:25:48.4791180=test1181=251472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=151689=6033=2354=400355= Ordinary dividends paid (222 540) (222 540) Capital and reserves 2 856 333 2 660 182 HEADLINE EARNINGS LIABILITIES 354=400355= BEE share-based payments Non-current liabilities 15 months 12 months charge 4 260 10=014 20120210-15:25:16.191 8=FIXT.1.19=96435=B52=20120210-13:25:48.5001180=test1181=261472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=161689=6033=2354=400355= 4 260 Deferred income tax liabilities 372 198 320 322 30 June 31 March Employee share option scheme: Post-retirement medical obligation 102 162 94 670 354=400355= Proceeds from shares issued 12 627 12 627 R?000 2011 2010 10=085 20120210-15:25:16.222 8=FIXT.1.19=96435=B52=20120210-13:25:48.5281180=test1181=271472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=171689=6033=2354=400355= 474 360 414 992 Value of employee services 17 954 17 954 Current liabilities Total comprehensive income fo354=400355=r the period 383 850 355 508 Balance at 30 June 2011 1 189 684 138 788 1 527 861 2 856 333 Trade and other payables 10=201 20120210-15:25:16.254 8=FIXT.1.19=96435=B52=20120210-13:25:48.5521180=test1181=281472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=181689=6033=2354=400355= 1 433 243 1 337 810 Loss/(profit) on disposal of property, plant and equipment 4 920 (4 053) Derivative financial instruments 3 469 1 004 Headline earnings 354=400355= 388 770 351 455 Current income tax liabilities 898 1 868 1 437 610 1 340 682 Headline earnings per share (cents) 132,7 120,4 SUPPLEMENTARY INF10=175 20120210-15:25:16.285 8=FIXT.1.19=96435=B52=20120210-13:25:48.5781180=test1181=291472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=191689=6033=2354=400355=ORMATION Total liabilities 1 911 970 1 755 674 Headline earnings per share ? diluted (cents) 131,8 119,7 354=400355= 30 June 31 March Total equity and liabilities 4 768 303 4 415 856 10=242 20120210-15:25:16.301 8=FIXT.1.19=96435=B52=20120210-13:25:48.6061180=test1181=301472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=201689=6033=2354=400355= R?000 2011 2010 CONSOLIDATED CASH FLOW INFORMATION Capital expenditure contracted and committed 354=400355= 79 694 99 216 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME Operating profit 552 277 519 686 Capital expenditure approved but not contracted 116 858 81 187 10=230 20120210-15:25:16.332 8=FIXT.1.19=96435=B52=20120210-13:25:48.6281180=test1181=311472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=211689=6033=2354=400355= 15 months 12 months Non-cash items 238 845 144 634 30 June 31 March Contingencies 354=400355= 24 424 30 771 R?000 2011 2010 Operating profit before working capital requirements 791 122 664 320 Working capital requirements 10=126 20120210-15:25:16.347 8=FIXT.1.19=56235=B52=20120210-13:25:48.6581180=test1181=321472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=221689=6033=2354=0355=354=400355=n 762 617 677 111 Depreciation (210 340) (157 425) Net finance income 19 712 13 977 Ordinary shares in issue (000?s) 293 926 292 563 Operating profit 10=105 20120210-15:25:16.410 8=FIXT.1.19=56235=B52=20120210-13:25:48.7061180=test1181=331472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=231689=6033=2354=400355= 552 277 519 686 Tax paid (170 448) (95 471) Weighted average or354=0355=10=028 20120210-15:25:16.441 8=FIXT.1.19=16035=B52=20120210-13:25:48.7501180=test1181=341472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=241689=6033=2354=0355=354=0355=10=014 20120210-15:25:16.504 8=FIXT.1.19=16035=B52=20120210-13:25:48.8141180=test1181=351472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=251689=6033=2354=0355=354=0355=10=017 20120210-15:25:16.582 8=FIXT.1.19=16035=B52=20120210-13:25:48.8901180=test1181=361472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=261689=6033=2354=0355=354=0355=10=023 20120210-15:25:16.613 8=FIXT.1.19=56235=B52=20120210-13:25:48.9211180=test1181=371472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=271689=6033=2354=0355=354=400355=in accordance with International Financial continues to focus on delivering the right sized bird at the lowest cost in order to service the between chicken realisations and cost growth. This was especially the case in the last quarter of Reporting Standards (IFRS), including IAS 34 (Interim Financial Reporting) and in compliance demand of customers? weight sensi10=107 20120210-15:25:16.660 8=FIXT.1.19=56235=B52=20120210-13:25:48.9571180=test1181=381472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=281689=6033=2354=0355=354=400355=d winter. under the supervision of the Chief Financial Officer, Robert Field CA (SA). The accounting policies The processing plants and feed mills managed to contain the high energy cost increases through The increase in net finance income of R5,7 million is largely a function of the extended 15-month comply with IFRS and are consistent with those applied in the previous year except f10=223 20120210-15:25:16.707 8=FIXT.1.19=96435=B52=20120210-13:25:49.0021180=test1181=391472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=291689=6033=2354=400355=or the additional focus on efficiencies. The increased freezing capacity at the Hammarsdale processing financial year. standards noted below that became effective on 1 July 2009: IFRS 3 (Business Combinations) plant together with other capital investment projects across the other plants has provided a The lower effective tax rate of 32,9% (2010: 33,4%) 354=400355=is largely attributable to an overprovision in and IAS 27 (Consolidated and Separate Financial Statements (revised)). The adoption of these greater degree of flexibility, enabling a more profitable mix to be produced. The plants also did prior years. standards has no effect on the results, nor has it required any restatement of the results. 10=162 20120210-15:25:16.738 8=FIXT.1.19=96435=B52=20120210-13:25:49.0481180=test1181=401472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=301689=6033=2354=400355= well to increase added value capacity to meet the changing customer product mix requirements. Headline earnings increased by 10,6% to R388,8 million (2010: R351,5 million) with diluted FINANCIAL YEAR-END CHANGE The feed mills were successful in ac354=400355=hieving better utilisation of available capacity. headline earnings per share increasing by 10,1% to 131,8 cents per share (2010: 119,7 cents During the year RCL changed its financial year-end to 30 June so as to align with that of its per share). 10=042 20120210-15:25:16.785 8=FIXT.1.19=16035=B52=20120210-13:25:49.0921180=test1181=411472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=311689=6033=2354=0355=354=0355=10=010 20120210-15:25:16.816 8=FIXT.1.19=16035=B52=20120210-13:25:49.1231180=test1181=421472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=321689=6033=2354=0355=354=0355=10=007 20120210-15:25:16.832 8=FIXT.1.19=16035=B52=20120210-13:25:49.1411180=test1181=431472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=331689=6033=2354=0355=354=0355=10=009 20120210-15:25:16.847 8=FIXT.1.19=16035=B52=20120210-13:25:49.1571180=test1181=441472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=341689=6033=2354=0355=354=0355=10=018 20120210-15:25:16.879 8=FIXT.1.19=56235=B52=20120210-13:25:49.1751180=test1181=451472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=351689=6033=2354=0355=354=400355= it predominantly relates to spend on plant and equipment, it also includes the R52,0 million scale in its own right, and reinforces Vector?s independence from Rainbow, with its other key The s10=236 20120210-15:25:16.894 8=FIXT.1.19=16035=B52=20120210-13:25:49.1941180=test1181=461472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=361689=6033=2354=0355=354=0355=10=023 20120210-15:25:16.910 8=FIXT.1.19=16035=B52=20120210-13:25:49.2081180=test1181=471472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=371689=6033=2354=0355=354=0355=10=021 20120210-15:25:16.926 8=FIXT.1.19=96435=B52=20120210-13:25:49.2231180=test1181=481472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=381689=6033=2354=400355=ON year, a function of a 6,9% volume growth partly offset by a 2,4% realisation decline. The volume integral to our sustainability and carbon footprint reduction strategy. Notice is hereby given that on 30 August 2011 the board declared a final dividend (number 76) increase has been led by imports. Total chicken imports (excluding turkey and mechanically 354=400355= Vector of 56,0 cents per share in respect of the 15 months ended 30 June 2011 (2010: 48,0 cents). deboned meat) increased by 43% for the quarter ended June 2011 versus the June 2010 10=160 20120210-15:25:16.941 8=FIXT.1.19=56235=B52=20120210-13:25:49.2411180=test1181=491472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=391689=6033=2354=400355= Recent initiatives to further optimise Rainbow?s outbound supply chain are delivering benefits and The total dividend for the year is 1,6 times covered by fully diluted headline earnings per share comparative quarter. On a 12-month comparative basis, imports increased by 36% to June 354=0355=10=088 20120210-15:25:16.957 8=FIXT.1.19=16035=B52=20120210-13:25:49.2651180=test1181=501472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=401689=6033=2354=0355=354=0355=10=012 20120210-15:25:16.988 8=FIXT.1.19=16035=B52=20120210-13:25:49.2871180=test1181=511472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=411689=6033=2354=0355=354=0355=10=018 20120210-15:25:17.004 8=FIXT.1.19=56235=B52=20120210-13:25:49.3101180=test1181=521472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=421689=6033=2354=0355=354=400355=yment date Monday, 26 September 2011 centralising the distribution of their ambient goods which is in line with international best practice distribution. Service offerings to existing strategic partners have also been extended such as Share certificates may not be dematerialised or rematerialised between Monday, 19 September to r10=162 20120210-15:25:17.035 8=FIXT.1.19=56235=B52=20120210-13:25:49.3311180=test1181=531472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=431689=6033=2354=0355=354=400355=idrand. has been evidenced in the foodservice market where customers have consolidated their supply PROSPECTS chains by partnering with selected third party logistics service providers with multi-temperature IT 10=191 20120210-15:25:17.051 8=FIXT.1.19=96435=B52=20120210-13:25:49.3571180=test1181=541472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=441689=6033=2354=400355= The global economic recovery remains fragile with growth in the SA economy below the levels distribution capabilities. The Group has made further progress with the implementation of its IT and Enterprise Resource experienced prior to the recession. 354=400355= Planning strategy. Focus continues to be placed on supply chain excellence and customer Oil prices specifically are trading at relatively high levels, which impacts on related ethanol and FINANCIAL PERFORMANCE SUMMARY 10=113 20120210-15:25:17.082 8=FIXT.1.19=96435=B52=20120210-13:25:49.3771180=test1181=551472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=451689=6033=2354=400355= service initiatives. The leveraging of IT systems remains a key enabler within the business, maize markets. Maize and soya prices are likely to remain high and volatile, with any improvement RCL?s revenue increased by 24,0% to R8,6 billion, mainly attributable to the extended year-end. 354=400355= with specific emphasis on the analysis of customer and product profitability. An advanced in the low global stock levels dependant on the yield of the new northern hemisphere crops. Headline earnings for the 15 months ended 30 June 2011 increased by 10,6% compared to the 10=145 20120210-15:25:17.097 8=FIXT.1.19=56235=B52=20120210-13:25:49.3921180=test1181=561472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=461689=6033=2354=400355= management information system has also enabled detailed analysis of farms? performance. Since year-end local maize prices have increased significantly and over the next six months all 12-month financial year ended 31 March 2010. This moderate earnings growth, representing only marginal improvement on the recently published interim results to March, indicates the Si354=0355=10=048 20120210-15:25:17.113 8=FIXT.1.19=56235=B52=20120210-13:25:49.4101180=test1181=571472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=471689=6033=2354=0355=354=400355=as exacerbated by certain FINANCIAL REVIEW Although chicken realisations have improved marginally, they are expected to remain under company specific issues explained later in this announcement. 10=099 20120210-15:25:17.129 8=FIXT.1.19=96435=B52=20120210-13:25:49.4281180=test1181=581472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=481689=6033=2354=400355= pressure as a result of consumers? lower disposable income and the current higher level of 2011 2010 % variance Overall pricing has been depressed within the chicken markets, most especi354=400355=ally in the last imports. quarter to June 2011 and within the commodity categories where record levels of imports have Revenue (Rm) AUDIT OPINION met low consumer demand. 10=014 20120210-15:25:17.144 8=FIXT.1.19=96435=B52=20120210-13:25:49.4491180=test1181=591472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=491689=6033=2354=400355= Chicken 6 985,5 5 703,1 22,5 The annual financial statements, from which the abridged Group results contained herein are RCL remains committed to its strategic focus on adding value through brands. The Group?s Feed 354=400355= 918,3 746,7 23,0 derived, have been audited by PricewaterhouseCoopers Inc. Their unmodified Audit Reports on chicken consumer brands and differentiated customer offerings in both Foodservice chicken and Services 717,6 503,0 42,7 the annual financial statem10=189 20120210-15:25:17.176 8=FIXT.1.19=96435=B52=20120210-13:25:49.4721180=test1181=601472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=501689=6033=2354=400355=ents and the abridged Group results are available for inspection at the Vector?s distribution service have all shown pleasing growth over the past period. Management company?s registered office. have initiated a number of projects that will contribute towards restoring operating margin354=400355=s to Total revenue 8 621,4 6 952,8 24,0 DIRECTORATE target levels. Mr DW Vale retired as a director on 30 July 2010. REVIEW OF OPE10=112 20120210-15:25:17.191 8=FIXT.1.19=96435=B52=20120210-13:25:49.4961180=test1181=611472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=511689=6033=2354=400355=RATIONS Total revenue increased 24,0% to R8,6 billion, largely as a consequence of the additional three For and on behalf of the Board Chicken brands months? trading included in the extended 15-month financial year. 354=400355= MH Visser M Dally Although the last two quarters of the period under review saw an improved balance in local Chicken revenue for the year was 22,5% higher than last year. Rainbow?s average price Non-executive Chairman 10=167 20120210-15:25:17.222 8=FIXT.1.19=96435=B52=20120210-13:25:49.5241180=test1181=621472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=521689=6033=2354=400355= Chief Executive Officer supply and demand in the South African chicken market, this balance was largely undermined by realisations decreased by 0,7% whilst the 24,1% volume increase is a consequence of the Durban record import levels for the last quarter ending June 2011. Despite the tough trading environment extended financial year. Service354=400355=s revenue was higher as Vector took on new business. 30 August 2011 encountered, Rainbow?s mainstream chicken has seen volume growth accompanied by some marginal price improvements. The table below depicts headline EBIT from a statutory perspective and adjusted for unrealised Directors: 10=115 20120210-15:25:17.254 8=FIXT.1.19=96435=B52=20120210-13:25:49.5511180=test1181=631472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=531689=6033=2354=400355= MH Visser (Non-executive Chairman), M Dally (CEO)*, JJ Durand, gains or losses on financial instruments used in the feed raw material procurement strategy. RH Field*, M Griessel, PR Louw, NP Mageza, JB Magwaza, In the Added Value sector, Rainbow?s 354=400355=focus on added value has seen its contribution to total MM Nhlanhla, RV Smither, GC Zondi * executive directors revenue increasing to 48% in 2011. Retail added value lines like Viennas, Polonies and Crumbed Reporting the financial ef10=027 20120210-15:25:17.285 8=FIXT.1.19=96435=B52=20120210-13:25:49.5821180=test1181=641472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=541689=6033=2354=400355=fects of certain financial instruments used in the feed raw material procurement strategy introduces volatility to the Group?s financial results. For the period under Registration number: 1966/004972/06 Frozen products have all seen strong growth. The growth in Chilled Processed Meats has 354=400355=been facilitated by the acquisition of a second processing facility which is located at Wolwehoek near review, the pre-taxation impact on the Group?s results of these unrealised positions is a positive JSE share code: RBW Sasolburg. The new facility is well positioned to enable Rainbow to better service the inland impact of R59,5 million (2010: R51,6 million). 10=210 20120210-15:25:17.301 8=FIXT.1.19=96435=B52=20120210-13:25:49.6051180=test1181=651472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=551689=6033=2354=400355= ISIN: ZAE000019063 market. Company Secretary: JMJ Maher 354=400355= 2011 2010 % variance Registered office: Rainbow Chicken Limited The new Rainbow Family Polony has established a meaningful market share and the new frozen Rainbow Saucy Steaklets and Fingers have also been well accepted by the trade and 10=242 20120210-15:25:17.332 8=FIXT.1.19=96435=B52=20120210-13:25:49.6261180=test1181=661472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=561689=6033=2354=400355= One The Boulevard, Westway Office Park, Westville, 3629 Headline EBIT (Rm) consumers. 354=400355= Transfer secretaries: Computershare Investor Services (Pty) Limited ? Statutory 559,1 514,1 8,8 10=030 20120210-15:25:17.347 8=FIXT.1.19=96435=B52=20120210-13:25:49.6481180=test1181=671472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=571689=6033=2354=400355= 70 Marshall Street, Johannesburg 2001 The Foodservice sector has returned modest, but positive growth over the period. It is anticipated ? Pre IAS 39 354=400355= 499,6 462,5 8,0 that this sector will continue to grow as quick service restaurants open new stores. Auditors: PricewaterhouseCoopers Inc 10=227 20120210-15:25:17.363 8=FIXT.1.19=96435=B52=20120210-13:25:49.6701180=test1181=681472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=581689=6033=2354=400355= Headline EBIT margin (%) Sponsor: Rand Merchant Bank (a division of FirstRand Bank Limited) Supply chain ? Statutory 6,5 7,4 354=400355= (0,9) Although impacted by the severe winter conditions across the country in May and June 2011, the Bankers: ABSA Bank Limited ? Pre IAS 39 10=252 20120210-15:25:17.394 8=FIXT.1.19=96435=B52=20120210-13:25:49.6961180=test1181=691472=201202100005A358=38359=Abridged Audited Results, 30 June 20111688=591689=6033=2354=400355= 5,8 6,7 (0,9) overall agricultural performance for the period under review has been an improvement over the Website: www.rainbowchicken.co.za Date: 10/02/2012 03:25:00 Produced by the JSE SENS Department. The354=400355= SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly orimplicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. 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The SENS service is an information dissemination service administered by the JSE Limited (&apos;JSE&apos;). The JSE does not, whether expressly, tacitly orimplicitly, represent, warra354=400355=nt or in any way guarantee the truth, accuracy or completeness of the information published on SENS. 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Quisque ut massa vel metus eleifend malesuada id quis magna. Nullam vestibulum euismod purus tempor mollis. Duis venenatis, purus354=400355= vitae scelerisque suscipit, nisl massa viverra velit, eget mattis velit sem vel lacus. Maecenas porta ipsum nec risus ultrices id rhoncus odio ullamcorper. Vestibulum sed suscipit sapien. Nulla a nunc et odio gravida ornare at in ipsum. Cras posuere turpis enim, nec posuere lorem. Cras laoreet mauris sed ligula suscipit at porta nibh convallis. Ut id venenatis arcu. Nulla et risus turpis, ac aliq10=195 20120210-15:29:08.721 8=FIXT.1.19=95735=B52=20120210-13:29:41.0331180=test1181=991472=201202100009A358=32359=Single company announcement, JSE1688=81689=1033=2354=400355=uet mi. Ut purus diam, consequat fermentum aliquam sed, pellentesque at massa. Mauris pulvinar est at eros porta nec lobortis diam dignissim. Maecenas tempus sem eu velit malesuada ac mattis nisl faucibus. Integer accumsan pellentesque mattis. 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The SENS service is an information dissemination service administered by the JSE Limited (&apos;JSE&apos;). The JSE does not, whether expressly, tacitly orimplicitly, represent, warra354=400355=nt or in any way guarantee the truth, accuracy or completeness of the information published on SENS. 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Quisque ut massa vel metus eleifend malesuada id quis magna. Nullam vestibulum euismod purus tempor mollis. Duis venenatis, purus vitae scelerisque suscipit, nisl massa viverra velit, eget mattis velit sem vel lacus. Maecenas porta ipsum nec risus ultrices id rhoncus odio ullamcorper. Vestibulum sed suscipit sapien. Nulla a nunc et odio gravida ornare at in ipsum. Cras posuere turpis enim, 10=039 20120210-15:31:08.455 8=FIXT.1.19=94835=B52=20120210-13:31:40.7651180=test1181=1371472=201202100011A358=23359=Group announcement, JSE1688=71689=933=2354=400355=nec posuere lorem. Cras laoreet mauris sed ligula suscipit at porta nibh convallis. Ut id venenatis arcu. Nulla et risus turpis, ac aliquet mi. Ut purus diam, consequat fermentum aliquam sed, pellentesque at massa. Mauris pulvinar est at eros porta nec lobortis diam dignissim. Maecenas tempus sem eu velit malesuada ac mattis nisl faucibus. Integer accumsan pellentesque mattis. Maecenas sagittis ju354=400355=sto id arcu interdum rutrum. Praesent sed nunc eros. Nulla accumsan, purus in fermentum ultrices, neque nunc tristique elit, auctor condimentum purus mi et velit. Etiam vel nulla et justo dictum tempus. Name 2011 2010 2009 2008 Section 1 1000 4000 1000 4000 Section 2 2000 3000 2000 10=094 20120210-15:31:08.470 8=FIXT.1.19=94835=B52=20120210-13:31:40.7841180=test1181=1381472=201202100011A358=23359=Group announcement, JSE1688=81689=933=2354=400355= 3000 Section 3 3000 2000 3000 2000 Section 4 4000 1000 4000 1000 Nullam vestibulum euismod purus tempor mollis. Duis venenatis, purus vitae scelerisque suscipit, nisl massa viverra velit, eget mattis velit sem vel lacus. Maecenas porta ipsum nec risus ultrices id rhoncus odio ullamcorper. Vestibulum sed suscipit sapien. 354=400355=Nulla a nunc et odio gravida ornare at in ipsum. String formatting ? ? ? ? ? ? ? Date: 10/02/2012 03:31:00 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 orimplicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information 10=160 20120210-15:31:08.486 8=FIXT.1.19=53535=B52=20120210-13:31:40.7951180=test1181=1391472=201202100011A358=23359=Group announcement, JSE1688=91689=933=1354=400355=published on SENS. 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The SENS service is an information dissemination service administered by the JSE Limited (&apos;JSE&apos;). The JSE does not, whether expressly, tacitly orimplicitly, represent, warra354=400355=nt 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.10=158 20120210-15:33:08.985 8=FIXT.1.19=95035=B52=20120210-13:33:41.3031180=test1181=1421472=201202100013A358=24359=Dual listed announcement1688=31689=1133=2354=400355=2012-02-10T15:33:06.053Z2012-02-10T15:33:06.053Z2012-02-10T15:33:00.000ZSENS_20120210_S300370_ITNI.XMLJSE.IS.Sens.NewsML42012-02-10T15:24:33.080Z201202100013AS30037010=132 20120210-15:33:09.001 8=FIXT.1.19=95035=B52=20120210-13:33:41.3201180=test1181=1431472=201202100013A358=24359=Dual listed announcement1688=41689=1133=2354=400355=Dual listed announcementTake-OverTake-overANGLOANGLO AMERICAN PLCANGLOPLATANGLO PLATINUM LIMITEDANGLOANGLO AMERICAN PLCAMPLATSANGLO AMERICAN PLAT LTDDual listed announcement TEST DATA Lorem ipsum dolor sit amet, consectet354=400355=ur adipiscing elit. Quisque facilisis aliquet placerat. Pellentesque lectus lectus, placerat aliquam condimentum eget, sodales quis orci. Praesent at dolor vitae tortor congue hendrerit sagittis egestas dui. Quisque at pretium ipsum. Cras rhoncus feugiat odio non elementum. Phasellus sed mi diam. Nunc neque eros, interdum in porttitor at, facilisis ut lectus. Donec pharetra viverra augue, vel posu10=139 20120210-15:33:09.094 8=FIXT.1.19=95035=B52=20120210-13:33:41.4041180=test1181=1471472=201202100013A358=24359=Dual listed announcement1688=81689=1133=2354=400355=ere ipsum viverra eu. Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae; Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae; Praesent id augue lorem, sed condimentum ante. Suspendisse non enim ac massa porttitor faucibus. Vestibulum accumsan ipsum et mauris tempus quis commodo ipsum malesuada. Nulla sit amet tellus sapien, ve354=400355=l volutpat augue. Pellentesque ac lorem et metus ultricies molestie. Sed tortor diam, tincidunt id tincidunt quis, bibendum non turpis. Quisque ut massa vel metus eleifend malesuada id quis magna. Nullam vestibulum euismod purus tempor mollis. Duis venenatis, purus vitae scelerisque suscipit, nisl massa viverra velit, eget mattis velit sem vel lacus. Maecenas porta ipsum nec risus ultrices id rhon10=159 20120210-15:33:09.110 8=FIXT.1.19=95035=B52=20120210-13:33:41.4271180=test1181=1481472=201202100013A358=24359=Dual listed announcement1688=91689=1133=2354=400355=cus odio ullamcorper. Vestibulum sed suscipit sapien. Nulla a nunc et odio gravida ornare at in ipsum. Cras posuere turpis enim, nec posuere lorem. Cras laoreet mauris sed ligula suscipit at porta nibh convallis. Ut id venenatis arcu. Nulla et risus turpis, ac aliquet mi. Ut purus diam, consequat fermentum aliquam sed, pellentesque at massa. Mauris pulvinar est at eros porta nec lobortis diam dign354=400355=issim. Maecenas tempus sem eu velit malesuada ac mattis nisl faucibus. Integer accumsan pellentesque mattis. Maecenas sagittis justo id arcu interdum rutrum. Praesent sed nunc eros. Nulla accumsan, purus in fermentum ultrices, neque nunc tristique elit, auctor condimentum purus mi et velit. Etiam vel nulla et justo dictum tempus. Name 2011 2010 2009 10=047 20120210-15:33:09.141 8=FIXT.1.19=95135=B52=20120210-13:33:41.4501180=test1181=1491472=201202100013A358=24359=Dual listed announcement1688=101689=1133=2354=400355= 2008 Section 1 1000 4000 1000 4000 Section 2 2000 3000 2000 3000 Section 3 3000 2000 3000 2000 Section 4 4000 1000 4000 1000 Nullam vestibulum euismod purus tempor mollis. Duis venenatis, purus vitae scelerisque suscipit, nisl massa viverra velit, eget 354=400355=mattis velit sem vel lacus. Maecenas porta ipsum nec risus ultrices id rhoncus odio ullamcorper. Vestibulum sed suscipit sapien. Nulla a nunc et odio gravida ornare at in ipsum. String formatting ? ? ? ? ? ? ? Date: 10/02/2012 03:33:00 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 ex10=133 20120210-15:33:09.157 8=FIXT.1.19=95135=B52=20120210-13:33:41.4751180=test1181=1501472=201202100013A358=24359=Dual listed announcement1688=111689=1133=2354=400355=pressly, tacitly orimplicitly, 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, info354=400355=rmation disseminated through SENS. 10=213 20120210-15:33:19.157 8=FIXT.1.19=4035=052=20120210-13:33:51.4781180=test10=183 20120210-15:33:29.157 8=FIXT.1.19=4035=052=20120210-13:34:01.4771180=test10=178 20120210-15:33:39.157 8=FIXT.1.19=4035=052=20120210-13:34:11.4771180=test10=179 20120210-15:33:49.157 8=FIXT.1.19=4035=052=20120210-13:34:21.4781180=test10=181 20120210-15:33:59.157 8=FIXT.1.19=4035=052=20120210-13:34:31.4761180=test10=180 20120210-15:34:08.969 8=FIXT.1.19=88935=B52=20120210-13:34:41.2761180=test1181=1511472=201202100014A1473=10242=15:33:59358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=11689=601300= 61=1149=http://10.6.202.133/jsecoza/Extranet/SENS/SENSSearch.aspx?guid=c1d5c116-da62-49a7-8056-0ffab7c31b99 1475=11476=201202100005A1477=10033=1354=400355=Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (&apos;JSE&apos;). The JSE does not, whether expressly, tacitly orimplicitly, represent, warra354=400355=nt 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.10=126 20120210-15:34:09.000 8=FIXT.1.19=98835=B52=20120210-13:34:41.3231180=test1181=1531472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=31689=6033=2354=400355=2012-02-10T15:34:05.739Z2012-02-10T15:34:05.739Z2012-02-10T15:33:59.900ZSENS_20120210_S300376_ITNI.XMLJSE.IS.Sens.NewsMLS300361201202100005A12012-02-09T11:42:03.293Z201202100014AS300376CANCELLATION OF S300361 Abridged Audited Results, 30 June 2011Financial ResultsAuditedRAINBOWRAINBOW CHICKEN LIMITEDRAINBOWRainbow Chicken LtdCANCELLATION OF S300361 Abridged Audited354=400355= Results, 30 June 2011 RAINBOW CHICKEN LIMITED (?RCL? or ?Group?) ABRIDGED GROUP AUDITED RESULTS FOR THE FIFTEEN MONTHS ENDED 30 JUNE 2011 AND CASH DIVIDEND DECLARATION CONSOLIDATED BALANCE SHEET 10=170 20120210-15:34:09.063 8=FIXT.1.19=98835=B52=20120210-13:34:41.3861180=test1181=1571472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=71689=6033=2354=400355= CONSOLIDATED STATEMENT OF CHANGES IN EQUITY R?000 30 June 2011 31 March 354=400355= 2010 SALIENT FEATURES R?000 10=076 20120210-15:34:09.078 8=FIXT.1.19=98835=B52=20120210-13:34:41.4001180=test1181=1581472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=81689=6033=2354=400355= Stated capi354=400355=tal Share-based 10=225 20120210-15:34:09.094 8=FIXT.1.19=98835=B52=20120210-13:34:41.4171180=test1181=1591472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=91689=6033=2354=400355= payments 354=400355= Retained earnings Total ASSETS 10=222 20120210-15:34:09.110 8=FIXT.1.19=98935=B52=20120210-13:34:41.4301180=test1181=1601472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=101689=6033=2354=400355= Balance at 1 April 2009 1 166 762 97 932 1 221 216 2 485 910 Non-current assets Property, plant and equipment 1 600 008 1 464 929 354=400355= Revenue 24,0% Total comprehensive income Goodwill 287 444 287 444 10=115 20120210-15:34:09.125 8=FIXT.1.19=98935=B52=20120210-13:34:41.4451180=test1181=1611472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=111689=6033=2354=400355= for the period 355 508 355 508 1 887 452 1 752 373 EBITDA 12,6% 354=400355= Ordinary dividends paid (210 173) (210 173) Current assets BEE share-based payments Inventories 10=046 20120210-15:34:09.141 8=FIXT.1.19=98935=B52=20120210-13:34:41.4611180=test1181=1621472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=121689=6033=2354=400355= 664 804 538 413 Operating profit 6,3% charge 3 383 3 383 Biological assets 445 226 422 798 354=400355= Employee share option scheme: Trade and other receivables Tax receivable 1 259 552 41 773 1 15410=195 20120210-15:34:09.157 8=FIXT.1.19=98935=B52=20120210-13:34:41.4801180=test1181=1631472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=131689=6033=2354=400355= 647 8 558 Headline earnings 10,6% Proceeds from shares issued 10 295 354=400355= 10 295 Value of employee services 15 259 15 259 Cash and cash equivalents 469 496 10=246 20120210-15:34:09.188 8=FIXT.1.19=98935=B52=20120210-13:34:41.4971180=test1181=1641472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=141689=6033=2354=400355= 539 067 2 880 851 2 663 483 Total dividend 84,0 cents per share Balance at 1 April 2010 1 177 057 116 574 1 366 5354=400355=51 2 660 182 Total assets 4 768 303 4 415 856 Total comprehensive income 10=121 20120210-15:34:09.203 8=FIXT.1.19=98935=B52=20120210-13:34:41.5191180=test1181=1651472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=151689=6033=2354=400355= for the period 383 850 383 850 EQUITY Ordinary dividends paid354=400355= (222 540) (222 540) Capital and reserves 2 856 333 2 660 182 HEADLINE EARNINGS LIABILITIES 10=214 20120210-15:34:09.219 8=FIXT.1.19=98935=B52=20120210-13:34:41.5391180=test1181=1661472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=161689=6033=2354=400355= BEE share-based payments Non-current liabilities 15 months 12 months charge 4 260 4 260 Deferred income tax liabilities 354=400355= 372 198 320 322 30 June 31 March Employee share option scheme: Post-retirement medical obligation 102 162 94 670 Proceeds fr10=099 20120210-15:34:09.250 8=FIXT.1.19=98935=B52=20120210-13:34:41.5581180=test1181=1671472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=171689=6033=2354=400355=om shares issued 12 627 12 627 R?000 2011 2010 474 360 414 992 354=400355= Value of employee services 17 954 17 954 Current liabilities Total comprehensive income for the period 383 850 355 508 10=199 20120210-15:34:09.266 8=FIXT.1.19=98935=B52=20120210-13:34:41.5761180=test1181=1681472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=181689=6033=2354=400355= Balance at 30 June 2011 1 189 684 138 788 1 527 861 2 856 333 Trade and other payables 1 433 243 1 337 810354=400355= Loss/(profit) on disposal of property, plant and equipment 4 920 (4 053) Derivative financial instruments 3 469 1 004 Headline earnings 388 770 35110=064 20120210-15:34:09.282 8=FIXT.1.19=98935=B52=20120210-13:34:41.6001180=test1181=1691472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=191689=6033=2354=400355= 455 Current income tax liabilities 898 1 868 1 437 610 1 340 682 Headline earnings per share (cents) 132,7 120,4 SUPPLEMENTARY INFORMATION Total liabilities 354=400355= 1 911 970 1 755 674 Headline earnings per share ? diluted (cents) 131,8 119,7 10=142 20120210-15:34:09.328 8=FIXT.1.19=98935=B52=20120210-13:34:41.6391180=test1181=1701472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=201689=6033=2354=400355= 30 June 31 March Total equity and liabilities 4 768 303 4 415 856 R?000 354=400355= 2011 2010 CONSOLIDATED CASH FLOW INFORMATION Capital expenditure contracted and committed 79 694 99 216 CONSOLIDATED STATEMENT OF COMPREHENSIVE I10=142 20120210-15:34:09.360 8=FIXT.1.19=98935=B52=20120210-13:34:41.6691180=test1181=1711472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=211689=6033=2354=400355=NCOME Operating profit 552 277 519 686 Capital expenditure approved but not contracted 116 858 81 187 15 months 12 months Non-cash items 354=400355= 238 845 144 634 30 June 31 March Contingencies 24 424 30 771 R?000 10=018 20120210-15:34:09.375 8=FIXT.1.19=98935=B52=20120210-13:34:41.6951180=test1181=1721472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=221689=6033=2354=400355= 2011 2010 Operating profit before working capital requirements 791 122 664 320 Working capital requirements (147 791) (138 437) Revenue 354=400355= 8 621 389 6 952 789 Cash generated by operations 643 331 525 883 STATISTICS Operating profit before depreciation 762 617 677 111 Deprecia10=061 20120210-15:34:09.407 8=FIXT.1.19=98935=B52=20120210-13:34:41.7171180=test1181=1731472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=231689=6033=2354=400355=tion (210 340) (157 425) Net finance income 19 712 13 977 Ordinary shares in issue (000?s) 293 926 292 563 Operating profit 552 277 519 686 354=400355= Tax paid (170 448) (95 471) Weighted average ordinary shares in issue (000?s) 293 075 10=027 20120210-15:34:09.438 8=FIXT.1.19=98935=B52=20120210-13:34:41.7471180=test1181=1741472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=241689=6033=2354=400355= 291 918 Finance costs (1 808) (900) Cash available from operating activities 492 595 444 389 Finance income 21 520 14 877 354=400355= Diluted weighted average ordinary shares in issue (000?s) 295 018 293 694 Dividends paid (222 540) (210 173) Profit before tax 571 989 10=122 20120210-15:34:09.453 8=FIXT.1.19=98935=B52=20120210-13:34:41.7741180=test1181=1751472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=251689=6033=2354=400355= 533 663 Net asset value per share (cents) 971,8 909,3 Net cash flows from investing activities 354=400355= (352 253) (233 528) Income tax expense (188 139) (178 155) Net cash flows from financing activities 12 627 10 295 Ordinary dividends per share: Profit for the period 10=042 20120210-15:34:09.485 8=FIXT.1.19=98935=B52=20120210-13:34:41.8061180=test1181=1761472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=261689=6033=2354=400355= 383 850 355 508 Net movement in cash and cash equivalents (69 571) 10 983 Interim dividend paid (cents) 28,0 28,0 Total comprehensive income fo354=400355=r the period 383 850 355 508 Cash and cash equivalents at the beginning of the period 539 067 528 084 Final dividend declared/paid (cents) 56,0 48,0 Basic earnings per shar10=204 20120210-15:34:09.516 8=FIXT.1.19=98935=B52=20120210-13:34:41.8361180=test1181=1771472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=271689=6033=2354=400355=e (cents) 131,0 121,8 Basic earnings per share ? diluted (cents) 130,1 121,0 Cash and cash equivalents at the end of the period 469 496 539 067 Total dividends (cents) 84,0 76,0 BASIS OF PREPA354=400355=RATION prior year. The Cobb breed continues to yield improved hatchability. Performance measurement Headline EBIT for the 2011 financial year has been adversely impacted by the continued gap The financial statements have been prepared in accordance with International Financial continues 10=251 20120210-15:34:09.547 8=FIXT.1.19=98935=B52=20120210-13:34:41.8671180=test1181=1781472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=281689=6033=2354=400355=to focus on delivering the right sized bird at the lowest cost in order to service the between chicken realisations and cost growth. This was especially the case in the last quarter of Reporting Standards (IFRS), including IAS 34 (Interim Financial Reporting) and in compliance demand of customers? weight sensitive products. Further investment has also been made in t354=400355=he extended financial year as feed costs began rising more rapidly and agricultural performance with the Companies Act of South Africa and the Listings Requirements of the JSE Limited, new broiler houses in KwaZulu-Natal replacing some of the oldest houses in Rainbow. was challenged by the cold winter. under the supervision of the Chief Financial Officer, Robert 10=073 20120210-15:34:09.578 8=FIXT.1.19=98935=B52=20120210-13:34:41.8961180=test1181=1791472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=291689=6033=2354=400355=Field CA (SA). The accounting policies The processing plants and feed mills managed to contain the high energy cost increases through The increase in net finance income of R5,7 million is largely a function of the extended 15-month comply with IFRS and are consistent with those applied in the previous year except for the additional focus on efficiencies. The increased fr354=400355=eezing capacity at the Hammarsdale processing financial year. standards noted below that became effective on 1 July 2009: IFRS 3 (Business Combinations) plant together with other capital investment projects across the other plants has provided a The lower effective tax rate of 32,9% (2010: 33,4%) is largely attributable to an overprovision in and IAS 27 (Consolidated10=101 20120210-15:34:09.610 8=FIXT.1.19=98935=B52=20120210-13:34:41.9221180=test1181=1801472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=301689=6033=2354=400355= and Separate Financial Statements (revised)). The adoption of these greater degree of flexibility, enabling a more profitable mix to be produced. The plants also did prior years. standards has no effect on the results, nor has it required any restatement of the results. well t354=400355=o increase added value capacity to meet the changing customer product mix requirements. Headline earnings increased by 10,6% to R388,8 million (2010: R351,5 million) with diluted FINANCIAL YEAR-END CHANGE The feed mills were successful in achieving better utilisation of available capacity. head10=188 20120210-15:34:09.625 8=FIXT.1.19=98935=B52=20120210-13:34:41.9481180=test1181=1811472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=311689=6033=2354=400355=line earnings per share increasing by 10,1% to 131,8 cents per share (2010: 119,7 cents During the year RCL changed its financial year-end to 30 June so as to align with that of its per share). 354=400355= Plant efficiencies, production mix and throughput at the Rustenburg plant were however holding company, Remgro Limited. It is acknowledged that this change makes comparative reporting difficult and it also needs to be noted that historically the April to June trading quarter adversely impacted in May and June by disruptions to electricity and water supply. The Cash 10=126 20120210-15:34:09.657 8=FIXT.1.19=98935=B52=20120210-13:34:41.9741180=test1181=1821472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=321689=6033=2354=400355=generated by operations increased by 22,3% to R643,3 million (2010: R525,9 million) and is materially lower than the balance of the year. financial consequence of the accompanying downtime and less profitable production mix was working capital has been impacted by the changed year-end. Maize inventory levels are normally 354=400355= R12,2 million. higher over the June period compared to March to take advantage of harvests in proximity GROUP RESTRUCTURE 10=118 20120210-15:34:09.688 8=FIXT.1.19=98935=B52=20120210-13:34:42.0041180=test1181=1831472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=331689=6033=2354=400355= to Rainbow?s coastal mills. Finished goods inventory levels are also higher, primarily related With effect from 1 January 2011 the Group was restructured into two operating units, namely Rainbow?s results were also negatively impacted by a very unfortunate eight-week strike over 354=400355= the year-end period within the agricultural and processing operations. Final settlement was at to Individually Quick Frozen (IQF) stocks as a consequence of the lower consumer demand Rainbow (chicken) and Vector (logistics), each with its own board and managing director 10=155 20120210-15:34:09.719 8=FIXT.1.19=98935=B52=20120210-13:34:42.0281180=test1181=1841472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=341689=6033=2354=400355= typically associated with this period. The higher ending raw material and feed prices have also responsible for the day-to-day operations. The purpose of the restructure was to bring additional the same level originally offered and immediately taken up by almost 50% of the workforce. 354=400355= impacted the valuation of inventories. Trade receivable days are in line with the previous year. operational attention to the businesses and to enable the CEO and CFO of RCL to apply further Rainb10=022 20120210-15:34:09.735 8=FIXT.1.19=98935=B52=20120210-13:34:42.0561180=test1181=1851472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=351689=6033=2354=400355=ow?s wages are the highest in the industry and the respective 7,2% and 7,8% increase was focus on strategic growth opportunities for the Group. The CEO, however, retains overall deemed fair in the context of the current inflationary environment. The direct cost of the strike to Capital expenditure 354=400355= Rainbow was R4,2 million. Capital expenditure for the 15-month period was R360,0 million (2010: R251,4 million). Although executive responsibility. The restructure also acknowledges that Vector has significant business 10=051 20120210-15:34:09.766 8=FIXT.1.19=98935=B52=20120210-13:34:42.0851180=test1181=1861472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=361689=6033=2354=400355= it predominantly relates to spend on plant and equipment, it also includes the R52,0 million scale in its own right, and reinforces Vector?s independence from Rainbow, with its other key The safety, health, environmental and quality programme is a priority for Ra354=400355=inbow and all Wolwehoek acquisition. A further amount of R79,7 million (2010: R99,2 million) has been principals. In future the Rainbow and Vector results will be reported as separate segments. business units including the Westville national office are ISO 22000: 2005 (Food Safety) certified. contracted and committed, but not spent, whilst a further R116,9 million (20110=035 20120210-15:34:09.797 8=FIXT.1.19=98935=B52=20120210-13:34:42.1141180=test1181=1871472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=371689=6033=2354=400355=0: R81,2 million) OVERVIEW AND MARKET CONDITIONS Rainbow aims to have all business units ISO 14001 (Environmental) and OHSAS 18001 (Health has been approved, but not contracted. The Group continues to follow a policy of upgrading its Consumer confidence and demand has remained low and poultry industry specific f354=400355=actors have and Safety) certified within the next year. facilities and funding normal levels of replacement capital expenditure from its own resources. limited any real growth opportunity. In the 2010 Carbon Disclosure Leadership Index, Rainbow achieved 84% a10=137 20120210-15:34:09.828 8=FIXT.1.19=98935=B52=20120210-13:34:42.1481180=test1181=1881472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=381689=6033=2354=400355=nd joint seventh Return on equity for the 15-month period is 13,9% (2010: 13,8%). The local chicken market is estimated to have grown by 4,3% to R20,9 billion over the past position in the SA top 100 companies. The reduction in the consumption of energy and water is CASH DIVIDEND DECLARATION year, a function of a 6,9% volume growth partly offset by a 2,4% rea354=400355=lisation decline. The volume integral to our sustainability and carbon footprint reduction strategy. Notice is hereby given that on 30 August 2011 the board declared a final dividend (number 76) increase has been led by imports. Total chicken imports (excluding turkey and mechanically 10=025 20120210-15:34:09.860 8=FIXT.1.19=98935=B52=20120210-13:34:42.1751180=test1181=1891472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=391689=6033=2354=400355= Vector of 56,0 cents per share in respect of the 15 months ended 30 June 2011 (2010: 48,0 cents). deboned meat) increased by 43% for the quarter ended June 2011 versus the June 2010 354=400355= Recent initiatives to further optimise Rainbow?s outbound supply chain are delivering benefits and The total dividend for the year is 1,6 times covered by fully diluted headline earnings per share comparative quarter. On a 12-month comparative basis, imports increased by 36% to June 10=136 20120210-15:34:09.907 8=FIXT.1.19=98935=B52=20120210-13:34:42.2161180=test1181=1901472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=401689=6033=2354=400355= (2010: 1,6 times). It is the Board?s intention to restore the dividend cover range to between 2,0 and 2011, whilst chicken prices remained suppressed by virtue of both the pressure on consumers efficiencies. These include the lease of a new frozen storage facility at Midrand, Gauteng which 354=400355= has enabled Rainbow?s Inland storage requirements to be consolidated and its storage and 2,5 times over a period of time. and the lower feed cost environment in the early part of the year. transport costs to be reduced. In addition to this, the upgra10=190 20120210-15:34:09.922 8=FIXT.1.19=98935=B52=20120210-13:34:42.2431180=test1181=1911472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=411689=6033=2354=400355=de and expansion of the Roodepoort The salient dates of the declaration and payment of this dividend are as follows: International maize and soya prices have increased significantly over the past period, with maize operation has delivered improved operational efficiencies and customer service. Stock shrinkage exceeding the record levels reached during September 2008. The full extent 354=400355=of these increases Last date to trade ordinary shares cum dividend Friday, 16 September 2011 remains a challenge in the Inland Region and every effort is b10=093 20120210-15:34:09.953 8=FIXT.1.19=98935=B52=20120210-13:34:42.2711180=test1181=1921472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=421689=6033=2354=400355=eing made to contain these to Ordinary shares trade ex dividend Monday, 19 September 2011 on local raw material prices was partially offset by the stronger rand. more acceptable levels. The strategy to leverage assets and business competencies co354=400355=ntinues Record date Friday, 23 September 2011 Over the past few years major retailers in South Africa have been pursuing a strategy of to gain momentum with the take-on of Fry?s Foods, the Compass Group and Eskort?s frozen Payment date M10=244 20120210-15:34:09.985 8=FIXT.1.19=98935=B52=20120210-13:34:42.2951180=test1181=1931472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=431689=6033=2354=400355=onday, 26 September 2011 centralising the distribution of their ambient goods which is in line with international best practice distribution. Service offerings to existing strategic partners have also been extended such as Share certificates may not be dematerialised or rematerialised between Monday, 19 September to reduce supply chain costs through improved route to market efficiencies.354=400355= It is likely that this the recent take-on of Chicken Licken?s frozen bread roll distribution and opening of a new bulk 2011 and Friday, 23 September 2011 (both dates inclusive). strategy will at some point extend to the frozen and chilled categories as well. A similar trend storage facility for McCain at Midrand. has been evidenced in the foodservice market where customers ha10=202 20120210-15:34:10.000 8=FIXT.1.19=98935=B52=20120210-13:34:42.3211180=test1181=1941472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=441689=6033=2354=400355=ve consolidated their supply PROSPECTS chains by partnering with selected third party logistics service providers with multi-temperature IT The global economic recovery remains 354=400355=fragile with growth in the SA economy below the levels distribution capabilities. The Group has made further progress with the implementation of its IT and Enterprise Resource experienced prior to the recession. 10=234 20120210-15:34:10.032 8=FIXT.1.19=98935=B52=20120210-13:34:42.3441180=test1181=1951472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=451689=6033=2354=400355= Planning strategy. Focus continues to be placed on supply chain excellence and customer Oil prices specifically are trading at relatively high levels, which impacts on related ethanol and FINANCIAL PERFORMANCE SUMMARY service initiatives. The leveraging of IT systems remains 354=400355=a key enabler within the business, maize markets. Maize and soya prices are likely to remain high and volatile, with any improvement RCL?s revenue increased by 24,0% to R8,6 billion, mainly attributable to the extended year-end. with specific emphasis on the analysis of customer and p10=073 20120210-15:34:10.110 8=FIXT.1.19=98935=B52=20120210-13:34:42.4341180=test1181=1961472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=461689=6033=2354=400355=roduct profitability. An advanced in the low global stock levels dependant on the yield of the new northern hemisphere crops. Headline earnings for the 15 months ended 30 June 2011 increased by 10,6% compared to the management information system has also enabled detailed analysis o354=400355=f farms? performance. Since year-end local maize prices have increased significantly and over the next six months all 12-month financial year ended 31 March 2010. This moderate earnings growth, representing only marginal improvement on the recently published interim results to March, indicates the Similarly, performance analysis within feed milling has benefited from th10=088 20120210-15:34:10.157 8=FIXT.1.19=98935=B52=20120210-13:34:42.4671180=test1181=1971472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=471689=6033=2354=400355=e implementation of a raw material prices are anticipated to follow international price movements. continued difficult trading conditions experienced by the Group. The operating profit margin management and accounting control system allowing detailed tracking of actual costs against Energy rate cost increases, driven largely by oil and electricity, continue to challe354=400355=nge Rainbow decreased to 6,4% from 7,7% reported for the 12-month period to March 2011 and 7,5% to quarterly standard costs. and Vector?s cost of doing business. March 2010. This decline is largely attributable to market factors but was exacerbated by certain FINANCIAL REVIEW 10=038 20120210-15:34:10.172 8=FIXT.1.19=98935=B52=20120210-13:34:42.4961180=test1181=1981472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=481689=6033=2354=400355= Although chicken realisations have improved marginally, they are expected to remain under company specific issues explained later in this announcement. pressure as a result of consumers? lo354=400355=wer disposable income and the current higher level of 2011 2010 % variance Overall pricing has been depressed within the chicken markets, most especially in the last 10=119 20120210-15:34:10.203 8=FIXT.1.19=98935=B52=20120210-13:34:42.5231180=test1181=1991472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=491689=6033=2354=400355= imports. quarter to June 2011 and within the commodity categories where record levels of imports have Revenue (Rm) AUDIT OPINION met low consumer demand. C354=400355=hicken 6 985,5 5 703,1 22,5 The annual financial statements, from which the abridged Group results contained herein are RCL remains committed to its strategic focus on adding value through brands. The Group?s Feed 918,3 746,7 23,0 10=144 20120210-15:34:10.250 8=FIXT.1.19=98935=B52=20120210-13:34:42.5661180=test1181=2001472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=501689=6033=2354=400355= derived, have been audited by PricewaterhouseCoopers Inc. Their unmodified Audit Reports on chicken consumer brands and differentiated customer offerings in both Foodservice chicken and Services 717,6 503,0 42,7 the annual financial statements and the abridged Group results are available for inspection at the354=400355= Vector?s distribution service have all shown pleasing growth over the past period. Management company?s registered office. have initiated a number of projects that will contribute towards restoring operating margins to Total revenue 8 610=001 20120210-15:34:10.282 8=FIXT.1.19=98935=B52=20120210-13:34:42.5951180=test1181=2011472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=511689=6033=2354=400355=21,4 6 952,8 24,0 DIRECTORATE target levels. Mr DW Vale retired as a director on 30 July 2010. REVIEW OF OPERATIONS 354=400355= Total revenue increased 24,0% to R8,6 billion, largely as a consequence of the additional three For and on behalf of the Board Chicken brands months? trading included in the extended 15-month financial year. MH Visser 10=204 20120210-15:34:10.313 8=FIXT.1.19=98935=B52=20120210-13:34:42.6241180=test1181=2021472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=521689=6033=2354=400355= M Dally Although the last two quarters of the period under review saw an improved balance in local Chicken revenue for the year was 22,5% higher than last year. Rainbow?s average price Non-executive Chairman Chief Executive Officer supply and demand in th354=400355=e South African chicken market, this balance was largely undermined by realisations decreased by 0,7% whilst the 24,1% volume increase is a consequence of the Durban record import levels for the last quarter ending June 2011. Despite the tough trading environment extended financial year. Services revenue was higher as Vector took on new business. 10=139 20120210-15:34:10.328 8=FIXT.1.19=98935=B52=20120210-13:34:42.6521180=test1181=2031472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=531689=6033=2354=400355=30 August 2011 encountered, Rainbow?s mainstream chicken has seen volume growth accompanied by some marginal price improvements. The table below depicts headline EBIT from a statutory perspective and adjusted for unrealised Directors: MH Visser (Non-executive Chairman), M Dally (CEO)*, JJ Durand, 354=400355= gains or losses on financial instruments used in the feed raw material procurement strategy. RH Field*, M Griessel, PR Louw, NP Mageza, JB Magwaza, In the Added Value sector, Rainbow?s focus on added value has seen its contribution to total 10=059 20120210-15:34:10.360 8=FIXT.1.19=98935=B52=20120210-13:34:42.6751180=test1181=2041472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=541689=6033=2354=400355= MM Nhlanhla, RV Smither, GC Zondi * executive directors revenue increasing to 48% in 2011. Retail added value lines like Viennas, Polonies and Crumbed Reporting the financial effects of certain financial instruments used in the feed raw material 354=400355= procurement strategy introduces volatility to the Group?s financial results. For the period under Registration number: 1966/004972/06 Frozen products have all seen strong growth. The growth in Chilled Processed Meats has been facilitated by the acquisition of a second processing facility whi10=249 20120210-15:34:10.375 8=FIXT.1.19=98935=B52=20120210-13:34:42.6961180=test1181=2051472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=551689=6033=2354=400355=ch is located at Wolwehoek near review, the pre-taxation impact on the Group?s results of these unrealised positions is a positive JSE share code: RBW Sasolburg. The new facility is well positioned to enable Rainbow to better service the inland impact of R59,5 million (2010: R51,6 million). ISIN: 354=400355= ZAE000019063 market. Company Secretary: JMJ Maher 10=063 20120210-15:34:10.407 8=FIXT.1.19=98935=B52=20120210-13:34:42.7231180=test1181=2061472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=561689=6033=2354=400355= 2011 2010 % variance Registered office: Rainbow Chicken Limited The new Rainbow Family Polony has established a meaningful market share and the new frozen Rainbow Saucy Steaklets and Fingers have also been well accepted by the trade and 354=400355= One The Boulevard, Westway Office Park, Westville, 3629 Headline EBIT (Rm) consumers. 10=180 20120210-15:34:10.453 8=FIXT.1.19=98935=B52=20120210-13:34:42.7641180=test1181=2071472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=571689=6033=2354=400355= Transfer secretaries: Computershare Investor Services (Pty) Limited ? Statutory 559,1 514,1 8,8 354=400355= 70 Marshall Street, Johannesburg 2001 The Foodservice sector has returned modest, but positive growth over the period. It is anticipated ? Pre IAS 39 499,6 462,5 8,0 that this sector will10=052 20120210-15:34:10.500 8=FIXT.1.19=98935=B52=20120210-13:34:42.8111180=test1181=2081472=201202100014A358=62359=CANCELLATION OF S300361 Abridged Audited Results, 30 June 20111688=581689=6033=2354=400355= continue to grow as quick service restaurants open new stores. Auditors: PricewaterhouseCoopers Inc Headline EBIT margin (%) 354=400355= Sponsor: Rand Merchant Bank (a division of FirstRand Bank Limited) Supply chain ? Statutory 6,5 7,4 (0,9) Although impacted by the severe winter conditions across t10=008 20120210-15:34:10.516