|
Announcement
E-data Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/013215/06)
("E-data" or "the company")
SHARE CODE : EDT
ISIN CODE : ZAE000015673
UNAUDITED PRELIMINARY RESULTS AND EXTENSION OF CAUTIONARY ANNOUNCEMENT
INCOME STATEMENTS Group Group
reviewed audited
12 months 15 months
ended ended
30-Sep-01 30-Sep-00
R R
Revenue - 9 191 771
Net loss before finance income (6 598 007) (4 286 604)
Net finance income - 128 771
Net operating loss (6 598 007) (4 157 833)
Taxation - (7 714)
Net loss attributable to (6 598 007) (4 165 547)
shareholders
Weighted number of shares 33 387 500 33 387 500
Earnings per share (cents) (19.76) (12.48)
Headline earnings per share (19.76) (15.41)
(cents)
Fully diluted earnings per (19.76) (12.03)
share (cents)
BALANCE SHEETS Group Group
reviewed audited
12 months 15 months
ended Ended
30-Sep-01 30-Sep-00
R R
Assets
Non -current assets - 5 946 324
Property, plant and equipment - 1 320 571
Intangible assets - 4 625 753
Investments - 126 000
Loan receivable - share - 320 614
incentive trust
Current assets - 2 294 245
Inventories - 741450
Trade and other receivables - 799 134
Bank balances - 753 661
Total assets - 8 687 183
Equity and liabilities
Capital and reserves (1 212 121) 332 316
Share Capital 333 875 333 875
Share Premium 2 486 939 2 486 939
Non -distributable reserve 6 127 108 1 306 276
Accumulated loss (10 160 043) (3 794 774)
Non current liabilities 1 060 000 5 789 000
Current liabilities 152 121 2 565 867
Trade and other payables 151 040 2 557 072
Taxation 1 081 8 795
Total equity and liabilities - 8 687183
Net asset value per share 0.00 1.00
(cents)
Tangible net asset value per 0.00 (12.86)
share ( cents)
STATEMENTS OF CHANGES IN Group Group
EQUITY reviewed Audited
12 months 15 months
ended ended
30-Sep-01 30-Sep-00
R R
Balance at beginning of period 332 316 4 497 863
Write off of goodwill against - (328 168)
share premium
Attributable loss (6 598 007) (4 165 547)
Non-distributable reserves 5 374 500 -
Excess of book value of assets - 328 168
over purchase consideration
Balance at end of period (1 212 121) 332 316
CASH FLOW STATEMENTS Group reviewed Group
audited
12 months 15 months
ended ended
30-Sep-01 30-Sep-00
R R
Cash flow from operations (1 173 661) 3 041 930
Cash flow from investing - (1 371 702)
activities
Cash flow from financing - (5 233 540)
activities
Net cash outflow (1 173 661) (3 563 312)
Cash acquired from loan from 420 000 -
director
Bank balances at beginning of 753 661 4 316 973
period
Bank balances at end of period - 753 661
Annual results for the financial period ended 30 September 2001
The results of the group for the 12 months ended 30 September 2001 reflect
the liquidation of the two main operating subsidiaries. It was anticipated
that further trade could occur from other subsidiaries. This did not occur.
As announced on 5 December 2001, progress is being made with the acquisition
of new assets.
This announcement has been reviewed and not audited by the company's
auditors, Fisher Hoffman PKF (JHB) Inc. who expect that the annual financial
statements will be qualified on a going concern basis. The review opinion,
which is available for inspection at the company's registered office, is
modified on a going concern basis. The figures have been prepared in
accordance with South African Statements of Generally Accepted Accounting
Practice.
Going concern
Attention is drawn to the fact that the company has made losses during the
year under review and that the liabilities of the group exceeded its assets
as at 30 September 2001. These conditions indicate the existence of a
material uncertainty which may cast significant doubt about the group's
ability to continue as a going concern.
Prospects
It is expected that an announcement detailing the future of the listed
vehicle will be forthcoming in the next three months.
Dividends
No dividends have been declared.
RENEWAL OF CAUTIONARY ANNOUNCEMENT
Further to the announcement of 4 December 2001, shareholders are advised
that negotiations for the refinancing of the company and the acquisition of
new assets, the outcome of which may have a material effect on the price at
which the company's shares trade, are progressing. Shareholders are advised
to continue to exercise caution when dealing in shares in the company until
a full announcement is made.
By order of the board
James Stride
Chairman, Chief Executive Officer and Company Secretary
Johannesburg
21 January 2002
Registered address Transfer Secretaries
60, 4th Street, Houghton, Mercantile Registrars Limited
2198
Sponsor (Registration number
LPC Manhattan Sponsors (Pty) 1982/003382/06)
Ltd 8th Floor, 11 Diagonal
Street, Johannesburg, 2001
(PO Box 1053, Johannesburg,
2000)
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
