| Mon 2 Apr 2001, 0:00 | | Erp.com - Unaudited Interim Results |
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ERP.COM HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/010017/06)
("ERP.com" or "the group")
www.erpcom.co.za
UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 JANUARY 2001
SUMMARISED GROUP INCOME STATEMENT
Unaudited Unaudited Audited
6 months 6 months 12 months
ended ended ended
31 January 31 January 31 July
2001 2000 2000
R'000 R'000 R'000
Revenue 33 736 14 178 42 131
Operating profit 4 812 2 101 7 262
Depreciation (646) (259) (692)
Net interest received 332 150 383
Profit before taxation 4 498 1 992 6 953
Taxation (1 349) (346) (1 113)
Profit attributable to
ordinary shareholders 3 149 1 646 5 840
Weighted number of shares
on which earnings per
share is based ('000) 161 399 108 717 130 177
Headline and fully
diluted earnings
per share (cents) 2,0 1,5 4,5
SUMMARISED GROUP BALANCE SHEET
Unaudited Unaudited Audited
at at at
31 January 31 January 31 July
2001 2000 2000
R'000 R'000 R'000
ASSETS
Non-current assets 5 240 2 109 3 940
Equipment 3 889 2 109 3 027
Goodwill 438 - -
Deferred taxation 913 - 913
Current assets 21 124 7 543 17 259
Inventories 202 - 39
Contracts in progress 721 167 158
Trade and other receivables 13 088 3 047 9 950
Cash and cash equivalents 7 113 4 329 7 112
Total assets 26 364 9 652 21 199
EQUITY AND LIABILITIES
Capital and reserves 13 029 7 153 9 880
Share capital and premium 8 755 10 222 8 755
Retained income/(loss) 4 274 (3 069) 1 125
Current liabilities 13 335 2 499 11 319
Trade and other payables 9 960 2 153 9 293
Taxation 3 375 346 2 026
Total equity and liabilities 26 364 9 652 21 199
Net asset value per
share (cents) 8,1 6,6 7,6
SUMMARISED GROUP CASH FLOW STATEMENT
Unaudited Unaudited Audited
6 months 6 months 12 months
ended ended ended
31 January 31 January 31 July
2001 2000 2000
R'000 R'000 R'000
Operating activities 1 948 (1 106) 3 517
Investing activities (1 947) (940) (2 282)
Financing activities - 3 222 2 724
Net increase in cash and
cash equivalents 1 1 176 3 959
Cash and cash equivalents
- at beginning of period 7 112 3 153 3 153
- at end of period 7 113 4 329 7 112
STATEMENT OF CHANGES IN EQUITY
Unaudited Unaudited Audited
6 months 6 months 12 months
ended ended ended
31 January 31 January 31 July
2001 2000 2000
R'000 R'000 R'000
Share capital 161 110 161
Balance at beginning of year 161 - -
Issued during the year - 110 161
Share premium 8 594 10 112 8 594
Balance at beginning of year 8 594 - -
Issued during the year - 11 890 63 283
Goodwill written off - - (52 368)
Share issue expenses
written off - (1 778) (2 321)
Retained income/(accumulated
loss) 4 274 (3 069) 1 125
Balance at beginning of year 1 125 (4 715) (4 715)
Net income for the
period/year 3 149 1 646 5 840
Total capital and reserves 13 029 7 153 9 880
COMMENTS
The directors are satisfied with the performance of the group for the first six
months of this year with revenue up 138% and operating profit up 129% over the
same period last year. On 1 August 2000 the group acquired Bateleur Customised
Solutions, a specialist Networking and Citrix solutions company. We are proud
to announce that Bateleur Customised Solutions were recently awarded Citrix
Business Partner of the Year for the second year in a row.
GROUP OVERVIEW
ERP.com is focused on the implementation, integration and management of
enterprise wide information technology applications. The group is structured
around four lines of business each of which has a clear focus area and solution
capability. All four lines performed well for the period under review.
ERP.com e-Business solutions
The implementation and support of end-to-end e-Business solutions in
partnership with Global Software Vendors such as JD Edwards, PeopleSoft and SAP
iServe Outsourcing and application hosting
The management, support and hosting of enterprise systems and networks across a
range of technology environments. iServe is also a mySAP.com ASP partner and
recently concluded the first SAP ASP contract in South Africa. The company has
made significant investment in developing this initiative, the benefits of
which are expected to be realised over the next twelve to eighteen months.
SBI Business Intelligence Solutions
The design and deployment of end-to-end Data Warehouse and Business
Intelligence Solutions in partnership with Global Software Vendors such as
Ascential Software, COGNOS, Microsoft and Oracle. The company was awarded
Oracle Business Intelligence Partner of the Year (2000).
SecureData e-Commerce and network security solutions
SecureData is rapidly becoming a leading force in network and e-Commerce
security solutions through the sale and distribution of world class security
products and the provision of managed security solutions. The company has in
excess of 6 000 local customers of its products and services.
PROSPECTS
The group anticipates a solid performance over the next six month period.
Prospects beyond are extremely positive in line with the improvement in market
conditions already evident.
STRATE
The JSE Securities Exchange South Africa and Share TRAnsactions Totally
Electronic ("STRATE") recently informed the company of its move to the
electronic STRATEenvironment system on 9 April 2001. This date indicates the
date as from which shareholders are able to submit their share certificates for
conversion into an electronic record ("dematerialisation"). Trading for
electronic settlement will commence on 30 April 2001 and the first electronic
settlement will take place on 8 May 2001. Shareholders are advised to acquaint
themselves with the requirements and implications of this change and to consult
their stockbroker, advisor or the company for assistance.
Any further queries should be referred to STRATE on 0800 004 727.
For and on behalf of the board
Peter Forsyth 30 March 2001
Chief executive officer Johannesburg
Directors: P Forsyth (Chief executive officer), DTK Brazier*, CJLessing*, GM
Morris#, MM Spilhaus*, P Vallet# (* Executive directors # Non-executive
directors)
Registered address: ERP.com House, Nanyuki Office Park, 69 Nanyuki Drive,
Sunninghill, Sandton 2157. (PO Box 2880, Rivonia 2128). info@erpcom.co.za
Transfer secretaries: Computershare Services Limited, 4th Floor, Edura, 41 Fox
Street, Johannesburg 2001. (P O Box 61051, Marshalltown 2107)
