MiX Telematics Announces Financial Results for Third Quarter of

MiX Telematics Announces Financial Results for Third Quarter of Fiscal Year 2014

* Amounts less than $1,000/R1,000

South African rand amounts have been translated to U.S. dollars at the exchange rate of R10.4675 per $1.00, which was the R/$ exchange rate reported by the South African Reserve Bank as of December 31, 2013. The U.S. dollar figures may not compute as they are rounded independently.


MiX TELEMATICS LIMITED
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

	South African rand				United States dollar
Figures are in thousands unless otherwise stated	December 31, 2013		March 31, 2013		December 31, 2013		March 31, 2013
	Unaudited		Audited		Unaudited		Audited
ASSETS
Non-current assets
Property, plant and equipment	126,339		96,547		12,070		9,224
Intangible assets	679,707		645,736		64,935		61,690
Finance lease receivable	7,712		6,359		737		607
Deferred tax assets	20,524		13,868		1,961		1,324
Total non-current assets	834,282		762,510		79,703		72,845

Current assets
Inventory	59,104		38,927		5,646		3,719
Trade and other receivables	217,469		186,987		20,776		17,863
Finance lease receivable	6,915		3,604		660		343
Taxation	50		4,823		5		460
Restricted cash	10,863		8,235		1,038		787
Cash and cash equivalents	792,576		147,702		75,718		14,111
Total current assets	1,086,977		390,278		103,843		37,283

Total assets	1,921,259		1,152,788		183,546		110,128

EQUITY

Stated capital	1,417,414		790,491		135,411		75,519
Other reserves	(63,150	)	(111,362	)	(6,033	)	(10,640	)
Retained earnings	250,340		188,750		23,916		18,031
Equity attributable to shareholders of the parent	1,604,604		867,879		153,294		82,910
Non-controlling interest	(5	)	(5	)	*		*
Total equity	1,604,599		867,874		153,294		82,910

LIABILITIES

Non-current liabilities
Borrowings	2,778		-		265		-
Deferred tax liabilities	21,138		8,605		2,019		822
Provisions	3,048		283		291		27
Total non-current liabilities	26,964		8,888		2,575		849

Current liabilities
Trade and other payables	202,556		184,397		19,351		17,616
Borrowings	1,176		3,472		112		332
Taxation	10,232		10,691		978		1,021
Provisions	18,166		21,461		1,737		2,050
Bank overdraft	57,566		56,005		5,499		5,350
Total current liabilities	289,696		276,026		27,677		26,369

Total liabilities	316,660		284,914		30,252		27,218

Total equity and liabilities	1,921,259		1,152,788		183,546		110,128

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