Notes

1. Accounting policies

The accounting policies used in the preparation of the interim financial statements for the six months to March 2004 are the same as those used in the audited results for the financial year ended September 2003.

The interim financial statements comply with Statements of South African Generally Accepted Accounting Practice

2. Exceptional items

	Unaudited six months ended 31 March 2004 R'000's	Unaudited six months ended 31 March 2003 R'000's	Audited 12 months ended 30 September 2003 R'000's
Amortisation of goodwill	(489)	(384)	(814)
Computer implementation costs	(723)	(1 064)	(1 817)
Other	(14)	-	36
Restructuring costs	-	(775)	(767)
Deferred tax charge	-	-	3 000
Total	(1 226)	(2 223)	(362)
3. Basis of accounting
These consolidated results for the six months were drawn up in compliance with statement AC127 of South African Statements of Generally Accepted Accounting Practice and the company has complied with the requirements of the Companies Act, 1973 (Act 61 of 1973) as amended.
4. JSE Secureties Exchange South Africa ("JSE")
The directors of the company ensured compliance with the JSE Listings Requirements during the year under review.
5. Segmental Reporting
The directors are of the opinion that a segmental report is not required as the Group's operations consist mainly of tourism and travel.