S&P investable weight factor--15th falls Saturday 17th is Monday. -- ERG trade data forum

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Date Posted: 03:15:42 02/18/03 Tue
Author: Woodrow bloody Wilson.
Subject: S&P investable weight factor--15th falls Saturday 17th is Monday.

6 million expensed integrating Proton acquired March 15 02 with The Group, during period 30/6/01 to the 30/6/02 reported 12/9 audited 1/10 The Group received 3 months of revenue for up untill March 15th 02 it only owned 10% of it. For period 30/6/02 to the 31/12/02 consolidated within accounts instead of having to subtract outside equity interests the full impact of PWI (29 patents amortised over the period in which no other party can use the design, relating to the period over which future benefits are recognised.) on net tangible assets,ERG Group,in prior years including to the present day PWI has a policy of expensing all research and development costs, it has been in the primary stage of research and development of the products that are now being sold, this has been reflected in it's accounts, through the profit and loss statement,(as is it's current policy) while R&D is ongoing, (who was it Woodrow Wilson? who stated all the things that have been invented, have already been invented in I think around 1914?--LOL) it is in a tertiary stage, CEO Peter Fogarty has stated "This has given us the comfort to reduce R&D spend to 8% of revenue in 2002 compared to 18% of the comparable revenue base, which excludes telecommunications revenue, in 2001."(8% on research and development 30.16 million.F/Y03 -- If it were constant 25% revenue growth) it's former shareholders in resolution 3.1 ratified on the 28/11/02 have a changed legal relationship with ERG. an end to joint venture and now equity partners. S&P investable weight factor.

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ASX announcement-(abbreviated) 30/10/02 15 March 2002 -- performance benchmark-part of receiving equity- ERG Group, 03:54:47 02/18/03 Tue