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| Subject: Re: Powerlan---receiving extra 2 payments (2 m)1/12/2002 and 30/6/2003 | |
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Author: anonymous |
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Date Posted: 17:40:51 12/05/02 Thu In reply to: anonymous 's message, "Re: Powerlan---off subject--5/12 AGM was 29/11" on 17:30:30 12/05/02 Thu Additional information An additional $2m is payable in 2 equal instalments on 01/12/2002 & 30/06/2003. POWERLAN LIMITED 2002-11-04 ASX-SIGNAL-G HOMEX - Sydney +++++++++++++++++++++++++ APPENDIX 4C QUARTERLY REPORT FOR ENTITIES ON BASIS OF COMMITMENTS Name of entity Powerlan Limited ABN Quarter ended ("current quarter") 87 057 345 785 30/09/2002 CONSOLIDATED STATEMENT OF CASH FLOWS Cash flows related to Current Year to date operating activities Quarter (3 months) AUD'000 AUD'000 1.1 Receipts from customers 28,431 28,431 1.2 Payments for (a) staff costs (16,700) (16,700) (b) advertising & - - (c) research & (593) (593) (d) leased assets (446) (446) (e) cost of goods sold - inventory (6,411) (6,411) (f) rent (942) (942) (g) professional fees (673) (673) 1.3 Dividends received - - 1.4 Interest and other items of a similar nature received 27 27 1.5 Interest and othercosts of finance paid (231) (231) 1.6 Income taxes paid (122) (122) 1.7 Other (provide details if material) (164) (164) 1.8 Net Operating Cash Flows 2,176 2,176 Cash flows related to investing activities 1.9 Payment for acquisition of: (a) businesses (item 5) (5,000) (5,000) (b) equity investments - - (c) intellectual property - - (d) physical non-current assets - - (e) other non-current assets - - 1.10 Proceeds from disposal of: (a) businesses 2,792 2,792 (b) equity investments - - (c) intellectual property - - (d) physical non-current assets - - (e) other non-current assets 41 41 1.11 Loans to other entities - - 1.12 Loans repaid by other entities - - 1.13 Other (provide details if material) - - Net investing cash flows (2,167) (2,167) 1.14 Total operating and investing cash flows 9 9 Cash flows related to financing activities 1.15 Proceeds from issues of shares, options, etc. - - 1.16 Proceeds from sale of forfeited shares - - 1.17 Proceeds from borrowings 190 190 1.18 Repayment of borrowings (5,145) (5,145) 1.19 Dividends paid - - 1.20 Other (provide details if material) - - Net financing cash flows (4,955) (4,955) Net increase (decrease) in cash held (4,946) (4,946) 1.21 Cash at beginning of quarter/ year to date 11,668 11,668 1.22 Exchange rate adjustments to item 1.20 - - 1.23 Cash at end of quarter 6,722 6,722 PAYMENTS TO DIRECTORS OF THE ENTITY AND ASSOCIATES OF THE DIRECTORS PAYMENTS TO RELATED ENTITIES AND ASSOCIATES OF THE RELATED ENTITIES Current Quarter AUD'000 1.24 Aggregate amount of payments to the parties included in item 1.2 96,411 1.25 Aggregate amount of loans to the parties included in item 1.11 - 1.26 Explanation necessary for an understanding of the transactions DIRECTORS INCLUDED IN 1.24 PERIOD BREAKDOWN Theo Baker 3 months 32,537 Tom Matic 3 months 28,163 Anthony Kalcina 3 months 34,326 Greg Barns 2 weeks 1,385 NON-CASH FINANCING AND INVESTING ACTIVITIES 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows N/A 2.2 Details of outlays made by other entities to establish or increase their share in businesses in which the reporting entity has an interest N/A FINANCING FACILITIES AVAILABLE Add notes as necessary for an understanding of the position. (See AASB 1026 paragraph 12.2) Amount Amount available used AUD'000 AUD'000 3.1 Loan facilities 5,000 5,000 3.2 Credit standby arrangements - - RECONCILIATION OF CASH Reconciliation of cash at the end Current Previous of the quarter (as shown in the quarter quarter consolidated statement of cash flows) AUD'000 AUD'000 to the related items in the accounts is as follows. 4.1 Cash on hand and at bank 5,345 23,725 4.2 Deposits at call - - 4.3 Bank overdraft (99) (12,057) 4.4 Other (bank deposits supporting bank guarantees) 1,476 - Total: cash at end of quarter (item 1.22) 6,722 11,668 ACQUISITIONS AND DISPOSALS OF BUSINESS ENTITIES Acquisitions Disposals (item 1.9(a)) (Item 1.10(a)) 5.1 Name of entity Attachment A Attachment B 5.2 Place of incorporation or registration 5.3 Consideration for acquisition or disposal 5,000 2,792 5.4 Total net assets 1,062 2,592 5.5 Nature of business COMPLIANCE STATEMENT 1. This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act (except to the extent that information is not required because of note 2) or other standards acceptable to ASX. 2. This statement does give a true and fair view of the matters disclosed. P Giannopoulos COMPANY SECRETARY Date: 04/11/2002 ATTACHMENT A ACQUISITIONS (ITEM 1.9(a)) 5.1 Name of entity IMX Software Group Pty Ltd 5.2 Place of incorporation or registration Melbourne, Victoria 5.3 Consideration for acquisition $ 5,000,000 5.4 Total net assets $ 1,062,039* 5.5 Nature of business IMX develops financial software solutions for international monetary systems in the global financial services industry. Additional information IMX was acquired on 01/07/2001. Total consideration is payable as follows: - $5m cash paid 01/07/2001 - $5m cash paid 01/07/2002; and - Powerlan is required to issue an amount of shares equivalent to the value of IMX's EBIT (for the year ending 30/06/2002) multiplied by 5, less $10m. The issue price of Powerlan Shares to the vendors is 7.805c. This transaction is still to be effected. * At date of acquisition ie 01/07/2001 ATTACHMENT B DISPOSALS (ITEM 1.10(a)) 5.1 Name of entity TOTAL Business trading as Australasian Technology Remarketing Pty Ltd 5.2 Place of incorporation or registration Sydney, NSW 5.3 Consideration for disposal $2,791,947 $1,021,000.00 5.4 Total net assets $2,592,477 $1,515,722.00 5.5 Nature of business Remarketing of second hand computer equipment 5.1 Name of entity Business trading as Powerlan (QLD) Pty Ltd 5.2 Place of incorporation or registration Brisbane, QLD 5.3 Consideration for disposal $0.00 5.4 Total net assets $399,523.00 5.5 Nature of business Sales of computer equipment and the provision of IT services. 5.1 Name of entity Business trading as Powerlan Business Infrastructure Division 5.2 Place of incorporation or registration Sydney, NSW 5.3 Consideration for disposal $281,120.00 5.4 Total net assets $281,120.00 5.5 Nature of business Sales of computer equipment and the provision of IT services Additional information An additional amount is payable based upon the EBIT of the continuing business. 5.1 Name of entity Business trading as IT & T Careers Pty Ltd 5.2 Place of incorporation or registration Sydney, NSW 5.3 Consideration for disposal $500,000.00 5.4 Total net assets $203,983.00 5.5 Nature of business Provision of recruitment and contracting services Additional information An additional $2m is payable in 2 equal instalments on 01/12/2002 & 30/06/2003. 5.1 Name of entity Business trading as IT & T Education Pty Ltd 5.2 Place of incorporation or registration Sydney, NSW 5.3 Consideration for disposal $989,827.00 5.4 Total net assets $192,129.00 5.5 Nature of business Provision of IT related courses. 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| Subject | Author | Date |
| Re: Powerlan-Commitments to test first entity 5th of Feb 2003 | anonymous | 10:09:00 12/20/02 Fri |
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