6/3/03 Proton World's key asset is its technology which the proposed sale will guarantee ERG access to (including upgrades) for 20 years. -- Anonymous

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Subject: 6/3/03 Proton World's key asset is its technology which the proposed sale will guarantee ERG access to (including upgrades) for 20 years.

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Belgian-based Proton World was acquired by ERG in March 2002 for A$112 million plus a deferred contingent consideration of $38 million at 30 June 2002.
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Date Posted: Thursday, March 06, 07:30:58am
In reply to: has been recorded in the consolidated financial statements of ERG. 's message, "PWI goodwill on acquisition of $150,377,624 2002 year" on Thursday, March 06, 05:52:56am

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"When combined with the proposed sale of PW the impact on the balance sheet would be dramatically positive.The proposed (NT) sale of PW will eliminate $15 million per annum in amortisation of goodwill, whilst the note conversion eliminates interest of $18 million, giving a total annual saving of $33 million," he said. Thursday, March 06, 07:38:45am

Subject: 6/3/03 Proton World's key asset is its technology which the proposed sale will guarantee ERG access to (including upgrades) for 20 years.
Author: Belgian-based Proton World was acquired by ERG in March 2002 for A$112 million plus a deferred contingent consideration of $38 million at 30 June 2002.	[ Next Thread \| Previous Thread \| Next Message \| Previous Message ] Date Posted: Thursday, March 06, 07:30:58am In reply to: has been recorded in the consolidated financial statements of ERG. 's message, "PWI goodwill on acquisition of $150,377,624* 2002 year" on Thursday, March 06, 05:52:56am* [ Next Thread \| Previous Thread \| Next Message \| Previous Message ]

Subject	Author	Date
"When combined with the proposed sale of PW the impact on the balance sheet would be dramatically positive.The proposed (NT)	sale of PW will eliminate $15 million per annum in amortisation of goodwill, whilst the note conversion eliminates interest of $18 million, giving a total annual saving of $33 million," he said.	Thursday, March 06, 07:38:45am