The board of R&E is pleased to announce the audited results for the year ended 31 December 2018.
CFO (Pty) Ltd (Group Financial Manager).
on legal and forensic fees, and other operational costs totalled R3.0 million (2017: R2.1 million).
less cash utilised to fund its operations during the year.
pattern of expenditure is likely to prevail.
* These amounts have been reclassified to better reflect their nature, please refer to note 9 for detail.
This reclassification does not change the loss  for the year.
*These amounts have been reclassified to better reflect their nature, please refer to note 9 for detail.
This reclassification does not change total or current assets and does not affect retained earnings.
Management have therefore deemed it not necessary to disclose a 3rd statement of financial position.
referred to as "the group").
Requirements for abridged reports, and the requirements of the Companies Act applicable to summary financial statements.
preparation of the previous group annual financial statements.
The accounting policies have been applied consistently by all group entities.
correctly extracted from the underlying annual financial statements.
The group operates in a single operating segment as an investment holding company.
During 2017 R&E received a settlement payment from Charles Orbach and Company, a former auditor of R&E, of R21.7 million.
shares in issue during the period.
(2017: 71 585 172) ordinary shares in issue during the period.
Funds held in unit trusts were disclosed as part of cash and cash equivalents in the December 2017 financial statements.
income instruments, predominantly of a floating rate nature.
basis. The cost of these services amounted to R1 224 during 2018 (2017: R45 790).
There were no significant events between the reporting date and the approval date of these results.
meeting is Friday, 10 May 2019, with the last day to trade being, Tuesday, 7 May 2019.
Transfer Secretaries:Computershare Investor Services Proprietary Limited Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196.
Corporate information: Randgold & Exploration Company Limited (R&E),Postal address PO Box 202, Stellenbosch, 7600.
Telephone: +27 71 580 3739, Facsimile: +27 86 235 9863, Website: www.randgoldexp.co.za.
Date: 25/03/2019 02:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').