CONSTANCE LA GAIETE COMPANY LIMITED AND ITS SUBSIDIARIES
AUDITED ABRIDGED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31 , 2006
ABRIDGED BALANCE SHEETS - DECEMBER 31, 2006										STATEMENT OF CHANGES IN EQUITY - YEAR ENDED DECEMBER 31, 2006
		THE GROUP				THE COMPANY										Reserve		Reserve
				2005								Share		Fair value		on		of associated		Other		Retained
		2006		As restated		2006		2005				capital		reserves		consolidation		companies		reserves		earnings		Total
		Rs'000		Rs'000		Rs'000		Rs'000		THE GROUP		Rs'000		Rs'000		Rs'000		Rs'000		Rs'000		Rs'000		Rs'000
ASSETS
Non-current assets		617,072		585,603		566,986		584,104		At January 1, 2006
										- as previously stated		120,000		11,874		331		11,866		167,070		254,348		565,489
Current assets		262,498		227,156		263,706		228,411		- prior year adjustment		-		-		-		-		-		(40,393)		(40,393)
										- as restated		120,000		11,874		331		11,866		167,070		213,955		525,096
Non current asset classified as
held for sale		-		5,516		-		3,500		Fair value adjustments		-		1,460		-		1,750		-		-		3,210
Total assets		879,570		818,275		830,692		816,015		Net gain/(loss) recognised directly in equity		-		1,460		-		1,750		-		-		3,210
EQUITY AND LIABILITIES										Profit for the year		-		-		-		-		-		119,760		119,760
Capital and reserves										Dividends		-		-		-		-		-		(15,600)		(15,600)
Equity holders' interest		632,466		525,096		584,816		523,940		At December 31, 2006		120,000		13,334		331		13,616		167,070		318,115		632,466
Non current liabilities		143,857		171,991		143,828		171,966
										At January 1, 2005
Current liabilities		103,247		121,188		102,048		120,109		- as previously stated		120,000		6,697		331		11,866		167,222		167,234		473,350
										- prior year adjustment		-		-		-		-		-		(43,368)		(43,368)
Total equity and liabilities		879,570		818,275		830,692		816,015		- as restated		120,000		6,697		331		11,866		167,222		123,866		429,982
										Fair value adjustments		-		6,695		-		-		-		-		6,695
										Transfer		-		-		-		-		(152)		152		-
ABRIDGED INCOME STATEMENTS - YEAR ENDED DECEMBER 31, 2006										Fair value release on disposal of investment		-		(1,518)		-		-		-		-		(1,518)
										Net gain/(loss) recognised directly in equity		-		5,177		-		-		(152)		152		5,177
		THE GROUP				THE COMPANY				Profit for the year		-		-		-		-		-		105,537		105,537
				2005						Dividends		-		-		-		-		-		(15,600)		(15,600)
		2006		as restated		2006		2005		At December 31, 2005		120,000		11,874		331		11,866		167,070		213,955		525,096
		Rs'000		Rs'000		Rs'000		Rs'000
REVENUE		356,792		376,354		349,901		373,138
Biological assets
- bearer		542		(1,311)		878		(979)
- consumable		(3,762)		(7,529)		(4,795)		(7,631)
Operating expenses		(306,602)		(301,464)		(301,156)		(299,269)
Operating profit		46,970		66,050		44,828		65,259
Other income		43,530		9,770		52,573		10,736				Share		Fair value		Other		Retained
		90,500		75,820		97,401		75,995		THE COMPANY		capital		reserves		reserves		earnings		Total
Finance costs		(10,206)		(11,165)		(10,206)		(11,165)				Rs'000		Rs'000		Rs'000		Rs'000		Rs'000
Profit from ordinary activities		80,294		64,655		87,195		64,830
Share of profit from associated										At January 1, 2006		120,000		11,874		167,070		224,996		523,940
companies		47,030		49,753		-		-
Profit before taxation		127,324		114,408		87,195		64,830		Fair value adjustments		-		(3,155)		-		-		(3,155)
Taxation		(7,564)		(8,871)		(7,564)		(8,871)		Transfer		-		-		(164)		164		-
Profit for the year		119,760		105,537		79,631		55,959		Net gain/(loss) recognised directly
										in equity		-		(3,155)		(164)		164		(3,155)
Earnings per share		Rs 24.95		Rs 21.99		Rs 16.59		Rs 11.66
										Profit for the year		-		-		-		79,631		79,631
										Dividends		-		-		-		(15,600)		(15,600)
ABRIDGED CASH FLOW STATEMENTS - YEAR ENDED DECEMBER 31, 2006										At December 31, 2006		120,000		8,719		166,906		289,191		584,816
										At January 1, 2005		120,000		6,697		167,222		184,485		478,404
		THE GROUP				THE COMPANY
		2006		2005		2006		2005		Fair value adjustments		-		6,695		-		-		6,695
		Rs'000		Rs'000		Rs'000		Rs'000		Transfer		-		-		(152)		152		-
										Fair value release on disposal of investment		-		(1,518)		-		-		(1,518)
Net cash from operating activities		31,338		26,546		30,034		27,611		Net gain/(loss) recognised directly
										in equity		-		5,177		(152)		152		5,177
Net cash from investing activities		43,098		12,518		43,095		12,514
										Profit for the year		-		-		-		55,959		55,959
Net cash used in financing activities		(50,134)		(50,386)		(50,134)		(50,386)		Dividends		-		-		-		(15,600)		(15,600)
										At December 31, 2005		120,000		11,874		167,070		224,996		523,940
Increase/(Decrease) in cash and cash equivalents		24,302		(11,322)		22,995		(10,261)
										The abridged audited financial statements for the year ended December 31, 2006 have been audited by BDO De Chazal Du Mée.
Movement in cash and cash equivalents										The financial statements have been prepared in accordance with International Financial Reporting Standards and the accounting policies used in the preparation of the above
At January 1,		(14,953)		(3,631)		(15,262)		(5,001)		abridged audited financial statements are consistent with those used in the annual financial statements for the year ended December 31, 2005.
Increase/(Decrease)		24,302		(11,322)		22,995		(10,261)
										Results for the year ended December 31, 2006
At December 31,		9,349		(14,953)		7,733		(15,262)		Profit attributable to the shareholders of the holding company was, for the group, Rs 119.8 million (2005 - Rs 105.5 million). Included in the 2006 figure are a share of
										profit from associated companies of Rs 47.0 million (2005 - Rs 49.8 million), finance costs of Rs 10.2 million (2005 - Rs 11.2 million) and other income of Rs 43.5 million
										(2005 - Rs 9.8 million). Other income includes profit on sale of land and financial assets of Rs 36.3 million (2005 - Rs 5.1 million).
										Dividends
										A final dividend of Rs 3.25 per share was declared for 2006 (2005 - Rs 3.25)
										Outloook
										The 2007 harvest has been estimated at 120,000 tonnes of cane from 2,031 hectares under cultivation. This is considered a below average production which is caused by
										the adverse climatic conditions recorded throughout the intercrop period.
										By order  of the Board
										17-May-07
										These annual financial statements are issued pursuant to DEM rule 18.
										The Board of Directors of Constance La Gaieté Company Limited accepts full responsibility for the accuracy of the information contained in this communiqué.
										Copies of these abridged audited financial statements are available to the public free of charge at 5th floor, Labama House,35 Sir W. Newton Street, Port Louis, Mauritius.

xl41>           584,816          523,940 At December 31, 2006       120,000       13,334                331           13,616        167,070         318,115              632,466 Non current liabilities             143,857          171,991           143,828          171,966 At January 1, 2005 Current liabilities             103,247          121,188           102,048          120,109 - as previously stated         120,000          6,697                 331            11,866         167,222          167,234                473,350 - prior year adjustment                  -                 -                     -                    -                   -             (43,368)