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| Subject: Assembling some material for jigsaw puzzle. | |
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Author: anonymous |
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Date Posted: 09:37:40 11/02/02 Sat http://www.asx.com.au/ListingRules/chapters/CH14.shtm ------------------------------------------------------------ 7.4 a +person who participated in the issue ------------------------------------------------------------ Introduced 1/7/96. Origin: Listing Rule 3E(6)(d)(vi). ------------------------------------------------------------ http://stocknessmonster.com/news-item?S=ERG&E=ASX&N=222869 ------------------------------------------------------------ The Group recorded full-year revenue of $301.6 million (an increaseof 1% on the prior year) and a loss of $243.9 million, which included $165.3 million in one-off write-downs and provisions, $38.2 million in depreciation and amortisation, and $22.1 million in interest costs. ------------------------------------------------------------ http://stocknessmonster.com/news-item?S=ERG&E=ASX&N=222869 ------------------------------------------------------------ The Group recorded full-year revenue of $301.6 million (an increase of 1% on the prior year) and a loss of $243.9 million, which included $165.3 million in one-off write-downs and provisions, $38.2 million in depreciation and amortisation, and $22.1 million in interest costs. ------------------------------------------------------------ http://stocknessmonster.com/news-item?S=ERG&E=ASX&N=222869 ------------------------------------------------------------ Rationalising the Proton business acquired in March 2002 and integrating it with ERG's business. Ratification of a number of issues to several large institutions takes place on the 28th.(Which alters legally ERG's relationship to them for valuation purposes) (subject to shareholders saying yes to them) another transaction that is legally ratified is Proton. ------------------------------------------------------------ Securities Institute Oz--Assessing Company performance. pages 4 to 6 2.2 Operating profit before tax. ------------------------------------------------------------ We saw in topic one funding business operations comes from three major sources, share capital, loan capital and self generation. Share capital represents the owners funds ; loan capital is the amount which has been borrowed and self generation is profits generated by the entity retained in the entity. ----------------------------------------------------------- Loan capital or debt finance is used in profitable business operations to increase the return on equity to shareholders and to increase the market price of shares. Companies pay interest on loan capital. Analysts regard interest on loan capital as a financing cost resulting from a decision on how to fund the business. ------------------------------------------------------------ To assess the earning power of the business, independently of how it is financed, analysts will add back the interest expense to the operating profit. ------------------------------------------------------------ http://stocknessmonster.com/news-item?S=ERG&E=ASX&N=222869 ------------------------------------------------------------ Rationalising the Proton business acquired in March 2002 and integrating it with ERG's business. ------------------------------------------------------------ http://stocknessmonster.com/news-item?S=ERG&E=ASX&N=224141 ------------------------------------------------------------ The Directors have also elected to take up as a non-current liability the deferred consideration for the Proton World acquisition. This amount was disclosed as a contingent liability in the Preliminary Final Report (Appendix 4B) lodged with the Australian Stock Exchange. The Directors believe this treatment provides a better disclosure of this obligation to the market. The recognition of this liability has not affected the reported earnings and has been added to the goodwill in relation to the Proton World acquisition. ------------------------------------------------------------ Subsequent to the preliminary report which was given earlier and then reported in the audit period 30/6/2001 to the 30/6/2002 given to the ASX on the 1/10/2002 intangible assets were increased by 38,022,191 with a corresponding decrease in deferred consideration payable so that net assets remained the same. (ie the balance of the amount owing for Proton was turned into a non current liability--from a contingent liability (contingent due and payable within a year---non current--greater than a year) ------------------------------------------------------------ http://stocknessmonster.com/news-item?S=ERG&E=ASX&N=222870 ------------------------------------------------------------ ERG originally issued 18,178,989 8% convertible notes at $1.65 to Motorola Inc on 16 October 1997, with a maturity date of 15 October 2002. During the term of these notes, Motorola converted 4,350,000 notes into ordinary shares and sold a further 8,000,000 notes to two financial institutions. As a result there are now 13,828,989 notes on issue, of which Motorola holds 5,828,989. The two financial institutions and Motorola have agreed to convert theirholdings into ordinary shares in certain circumstances and the date for conversion has been extended to 15 November 2002. The notes are convertible at the rate of one note for three ordinary shares, providing an effective share conversion price of $0.55. ------------------------------------------------------------ If all notes are converted, ERG will issue 41,486,967 new ordinary shares to the three convertible noteholders. The noteholders will be entitled to a payment from ERG based on the difference between $0.55 and the sale priceof ERG's shares. Any notes not converted will be redeemed on or before 15 November 2002 (or such later date as is agreed between the holder and ERG). ------------------------------------------------------------ ERG have received 20 million dollars post balance sheet date ie 30/6/2001 to 30/6/2002--as reported on the audit 1/10/2002 before post balance sheet date the entity received 25 million. ------------------------------------------------------------ OneLink is 100% owned by The ERG Consolidated Group, in reality ERG have received the whole 20 million for it is valued in ERG the Groups accounts---the exact figure that ERG received was 12.4 million. 1) 12.4mill----really 20 mill 2) 30 million line of credit Babcock and Browne 3) http://stocknessmonster.com/newsitemS=ERG&E=ASX&N=224775 ERG have received 3.3 million dollars after converting 2,000,000 unlisted convertible notes into 6,000,000 ordinary shares. ----------------------------------------------------------- [ Next Thread | Previous Thread | Next Message | Previous Message ] |
| Subject | Author | Date |
| Re: Assembling some material for jigsaw puzzle.considerateness, consideration | anonymous | 10:13:26 11/02/02 Sat |
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