Jumbomall Half Yearly Report - March 2000

Mar 16, 2000

Document date: Wed 15 Mar 2000
Published: Wed 15 Mar 2000 18:36:46
Document No: 133495
Document part: A
Market Flag: Y
Classification: Half Yearly Report

JUMBOMALL.COM CORPORATION LIMITED           2000-03-15             ASX-SIGNAL-G

HOMEX - Brisbane

+++++++++++++++++++++++++

HALF YEARLY REPORT
(Not Equity Accounted)

Name of entity
Jumbomall.Com Corporation Limited

ACN, ARBN or ARSN                   Half           Preliminary               Half Year ended yearly           final                         ('current period') (tick)           (tick) 009 189 128                                   X                                               31/12/1999   FOR ANNOUNCEMENT TO THE MARKET                       AUD000 Sales (or equivalent operating) revenue (item 1.1) Abnormal items after tax attributable to members Operating profit (loss) (item 2.5) after tax gain/loss of - (before amortisation of attributable to members goodwill) (item 1.26) Operating profit (loss) after tax attributable to members(item 1.10) Extraordinary items after tax attributable to members (item 1.13)   Operating profit (loss) and extraordinary items after tax attributable to members (item Dividends (distributions) Amount per Franked amount security per security at 36% tax Final dividend(Preliminary final report only - item 15.4); Interim Dividend(Half yearly report only - item 15.6) Previous corresponding period (Preliminary final report - item 15.5; half yearly report - item 15.7) Record date for determining entitlements to the dividend, (in the case of a trust, distribution) (see item 15.2)

ACN, ARBN or ARSN

Half
yearly
(tick)

Preliminary
final
(tick)
Half Year ended
('current period')
009 189 128 X   31/12/1999
FOR ANNOUNCEMENT TO THE MARKET     AUD000
Sales (or equivalent operating)
revenue (item 1.1)
up/down -% to 40
Abnormal items after tax
attributable to members (item 2.5)
gain/loss of -
Operating profit (loss) after tax
(before amortisation of goodwill)
attributable to members (item 1.26)
up/down -% to (823)
Operating profit (loss) after tax
attributable to members(item 1.10)
up/down -% to (2,284)
Extraordinary items after tax
attributable to members (item 1.13)
gain/loss of -
Operating profit (loss) and
extraordinary items after tax
attributable to members (item 1.16)
p/down % to (2,284)
       
 Dividends (distributions)   Amount per
security
   Franked amount
per security
at 36% tax
Final dividend(Preliminary final
report only - item 15.4);
     
Interim Dividend(Half yearly report
only - item 15.6)
 - c    - c
Previous corresponding period
(Preliminary final report - item 15.5;
half yearly report - item 15.7)
 - c     - c 
 Record date for determining entitlements to the dividend,
(in the case of a trust, distribution) (see item 15.2)
 -    

Brief explanation of omission of directional and percentage changes to profit in accordance with Note 1 and short details of any bonus or cash issue or other item(s) of importance not previously released to the market:

The company was a mining exploration entity in the previous year and thus prepared Appendix 5B which is not comparable to the information required in Appendix 4B.  

MORE TO FOLLOW

Half Yearly Report Document date: Wed 15 Mar 2000 Published: Fri 17 Mar 2000 11:24:54 Document No: 133495 Document part: B Market Flag: Y Classification: Half Yearly Report JUMBOMALL.COM CORPORATION LIMITED 2000-03-15 ASX-SIGNAL-G HOMEX - Brisbane +++++++++++++++++++++++++ (Not Equity Accounted) CONSOLIDATED PROFIT AND LOSS ACCOUNT (These figures are NOT equity accounted) CURRENT PREVIOUS PERIOD CORRESPONDING PERIOD AUD000 AUD000 1.1 Sales (or equivalent operating) revenue 40 - 1.2 Other revenue 32 4 1.3 Total revenue 72 3 1.4 Operating profit (loss) before abnormal items and tax (4,982) (190) 1.5 Abnormal items before tax (detail in item 2.4) - - 1.6 Operating profit (loss) before tax (items 1.4 + 1.5) (4,982) (190) 1.7 Less tax - - 1.8 Operating profit (loss) after tax but before outside equity interests (4,982) (190) 1.9 Less outside equity interests (2,698) - 1.10 Operating profit (loss) after tax attributable to members (2,284) (190) 1.11 Extraordinary items after tax (detail in item 2.6) - - 1.12 Less outside equity interests - - 1.13 Extraordinary items after tax attributable to members - - 1.14 Total operating profit (loss) and extraordinary items after tax (items 1.8 + 1.11) (4,982) (190) 1.15 Operating profit (loss) and extraordinary items after tax attributable to outside equity interests (items 1.9 + 1.12) (2,698) - 1.16 Operating profit (loss) and extraordinary items after tax attributable to members (items 1.10 + 1.13) (2,284) (190) 1.17 Retained profits (accumulated losses) at beginning of financial period (6,012) (190) 1.18 If change in accounting policy as set out in clause 11 of AASB 1018 Profit and Loss Accounts, adjustments as required by that clause(include brief (description) - - 1.19 Aggregate of amounts transferred from reserves - - 1.20 Total available for appropriation (8,296) (5,106) 1.21 Dividends provided for or paid - - 1.22 Aggregate of amounts transferred to reserves - - 1.23 Retained profits (accumulated losses) at end of financial period (8,296) (5,106) PROFIT RESTATED TO EXCLUDE AMORTISATION OF GOODWILL Current Period AUD000 Previous Corresponding Period AUD000 1.24 Operating profit(loss) after tax before outside equity interests (items 1.8) and amortisation of goodwill (3,521) (190) 1.25 Less (plus) outside equity interests (2,698) - 1.26 Operating profit(loss) after tax (before amortisation of goodwill) attributable to members (823) (190) INTANGIBLE, ABNORMAL AND EXTRAORDINARY ITEMS Consolidated - current period Before Related Related Amount tax tax outside (after equity tax) interests attributable to members AUD000 AUD000 AUD000 AUD000 2.1 Amortisation of goodwill 1,461 - - 1,461 2.2 Amortisation of 2.3 other intangibles Total amortisation 21 - 4 17 of intangibles 1,482 - 4 1,478 2.4 Abnormal items - - - - 2.5 Total abnormal items - - - - 2.6 Extraordinary items - - - - 2.7 Total extraordinary items - - - - COMPARISON OF HALF YEAR PROFITS Current Previous (Preliminary final statement only) year year AUD000 AUD000 3.1 Consolidated operating profit (loss) after tax attributable to members reported for the 1st half year (item 1.10 in the half yearly report) N/A N/A 3.2 Consolidated operating profit (loss) after tax attributable to members for the 2nd half year N/A N/A CONSOLIDATED BALANCE SHEET (See note 5) CURRENT ASSETS At end of As in last As in last current annual half yearly period report report AUD000 AUD000 AUD000 4.1 Cash 730 521 1 4.2 Receivables 204 - - 4.3 Investments - - - 4.4 Inventories - - - 4.5 Other (provide details if material) 76 - - 4.6 Total current assets 1,010 512 1 4.7 NON-CURRENT ASSETS Receivables - - 39 4.8 Investments - - - 4.9 Inventories - - - 4.10 Exploration and evaluation expenditure capitalised - - 430 4.11 4.12 Development properties (mining entities) Other property, plant and equipment (net) - 56 - 8 - 10 4.13 Intangibles (net) 9,209 - - 4.14 Other (provide details if material) - - - 4.15 Total non-current assets 9,265 8 479 4.16 Total assets 10,275 520 479 4.17 CURRENT LIABILITIES Accounts payable 354 265 100 4.18 Borrowings 23 260 154 4.19 Provisions 50 - 4 4.20 Other (provide details if material) - - - 4.21 Total current liabilities 427 525 258 4.22 NON-CURRENT LIABILITIES Accounts payable - - - 4.23 Borrowings 19 - - 4.24 Provisions - - - 4.25 Other (provide details if material) - - - 4.26 Total non-current liabilities 19 - - 4.27 Total liabilities 446 525 258 4.28 Net assets 9,829 (5) (221) 4.29 EQUITY Capital 20,823 5,507 5,327 4.30 Reserves - 500 - 4.31 Retained profits (accumulated losses) (8,296) (6,012) (5,106) 4.32 Equity attributable to members of the parent entity 10,093 (5) 221 4.33 Outside equity interests in controlled entities (264) - - 4.34 Total equity 9,829 (5) 221 4.35 Preference capital and related premium included as part of 4.32 - - - EXPLORATION AND EVALUATION EXPENDITURE CAPITALISED To be completed only by entities with mining interests if amounts are material. Include all expenditure incurred regardless of whether written off directly against profit. Current Previous period corresponding DEVELOPMENT PROPERTIES (To be completed only by entities with mining interests if amounts are material) Current Previous period corresponding (item 4.11) N/A N/A CONSOLIDATED STATEMENT OF CASH FLOWS (See note 6) CASH FLOWS RELATED TO OPERATING ACTIVITIES Current Previous period corresponding period AUD000 AUD000 7.1 Receipts from customers 195 2 7.2 Payments to suppliers and employees (1,853) (102) 7.3 Dividends received - - 7.4 Interest and other items of similar nature received 30 1 7.5 Interest and other costs of finance paid (4) - 7.6 Income taxes paid - - 7.7 Other (provide details if material) - - 7.8 Net operating cash flows (1,632) (99) CASH FLOWS RELATED TO INVESTING ACTIVITIES 7.9 Payment for purchases of property, plant and equipment (15) - 7.10 Proceeds from sale of property, plant and equipment - - 7.11 Payment for purchases of equity investments 7.12 Proceeds from sale of equity investments - - - - 7.13 Loans to other entities (37) - 7.14 Loans repaid by other entities (138) - 7.15 Other (provide details if material) (60) - 7.16 Net investing cash flows (250) - CASH 7.17 FLOWS RELATED TO FINANCING Proceeds from issues of securities (shares, options, etc.) ACTIVITIES 2,543 - 7.18 Proceeds from borrowings - - 7.19 Repayment of borrowings (12) - 7.20 Dividends paid - - 7.21 Other (provide details if material) - Share Issue Costs (561) - 7.22 Net financing cash flows 1,970 - 7.23 NET INCREASE (DECREASE) IN CASH HELD 88 (99) 7.24 Cash at beginning of period (see Reconciliation of cash) 642 100 7.25 Exchange rate adjustments to item 7.24. - - 7.26 Cash at end of period (see Reconciliation of cash) 730 1 NON-CASH FINANCING AND INVESTING ACTIVITIES Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows are as follows. If an amount is quantified, show comparative amount. Equipment with an aggregate fair value of $21,601 was acquired by means of finance leases. RECONCILIATION OF CASH Reconciliation of cash at the end of the period (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows. Current period AUD000 Previous corresponding period AUD000 8.1 Cash on hand and at bank 730 1 8.2 Deposits at call - - 8.3 Bank overdraft - - 8.4 Other (provide details) - - 8.5 Total cash at end of period (item 7.26) 730 1 RATIOS Current Previous period corresponding period PROFIT BEFORE ABNORMALS AND TAX/SALES 9.1 Consolidated operating profit (loss) before abnormal items and tax (item 1.4) as a percentage of sales revenue (item 1.1) (12,574) % N/A % PROFIT AFTER TAX / EQUITY INTERESTS 9.2 Consolidated operating profit (loss) after tax attributable to members (item 1.10) as a percentage of equity (similarly attributable) at the end of the period (item 4.32) (23) % (86) % EARNINGS PER SECURITY (EPS) 10.1 Calculation of basic, and fully diluted, EPS in accordance with "AASB 1027: Earnings per Share" (a) Basic EPS 2.4 c 0.5 c (b) Diluted EPS (if materially different from (a)) - c - c (c) Weighted average number of ordinary shares outstanding during the period used in the calculation of the Basic EPS 101,165,434 38,000,000 NTA BACKING Current Previous (see note 7) period corresponding period 11.1 Net tangible asset backing per ordinary security 1 c N/A c MORE TO FOLLOW Half Yearly Report Document date: Wed 15 Mar 2000 Published: Fri 17 Mar 2000 11:54:22 Document No: 133495 Document part: C Market Flag: Y Classification: Half Yearly Report JUMBOMALL.COM CORPORATION LIMITED 2000-03-15 ASX-SIGNAL-G HOMEX - Brisbane +++++++++++++++++++++++++ (Not Equity Accounted) DETAILS OF SPECIFIC RECEIPTS/OUTLAYS, REVENUES/EXPENSES Current Previous period corresponding period 12.1 Interest revenue included AUD000 AUD000 in determining item 1.4 30 1 12.2 Interest revenue included in item 12.1 but not yet received (if material) - - 12.3 Interest expense included in item 1.4 (include all forms of interest, lease finance charges, etc.) 4 - 12.4 Interest costs excluded from item 12.3 and capitalised in asset values (if material) - - 12.5 Outlays (except those arising from the acquisition of an existing business) capitalised in intangibles (if material) 170 - 12.6 Depreciation and amortisation (excluding amortisation of intangibles) 16 2 CONTROL GAINED OVER ENTITIES HAVING MATERIAL EFFECT (See note 8) 13.1 Name of entity (or group of entities) Editson Pty Ltd 13.2 Consolidated operating profit (loss) and extraordinary items after tax of the entity (or group of entities) since the date in the current period on which control was acquired $ 1,147,677 13.3 Date from which such profit has been calculated 08/09/1999 13.4 Operating profit (loss) and extraordinary items after tax of the entity (or group of entities) for the whole of the previous corresponding period $ - LOSS OF CONTROL OF ENTITIES HAVING MATERIAL EFFECT (See note 8) 14.1 Name of entity (or group of entities) N/A 14.2 Consolidated operating profit (loss) and extraordinary items after tax of the entity (or group of entities) for the current period to the date of loss of control $ - 14.3 Date to which the profit (loss) in item 14.2 has been calculated - 14.4 Consolidated operating profit (loss) and extraordinary items after tax of the entity (or group of entities) while controlled during the whole of the previous corresponding period $ - 14.5 Contribution to consolidated operating profit (loss) and extraordinary items from sale of interest leading to loss of control $ - REPORTS FOR INDUSTRY AND GEOGRAPHICAL SEGMENTS Information on the industry and geographical segments of the entity must be reported for the current period in accordance with AASB 1005: Financial Reporting by Segments. Because of the different structures employed by entities, a pro forma is not provided. Segment information should be completed separately and attached to this statement. However, the following is the presentation adopted in the Appendices to AASB 1005 and indicates which amounts should agree with items included elsewhere in this statement. SEGMENTS Operating Revenue Sales to customers outside the economic entity Inter-segment sales Unallocated revenue Total revenue (consolidated total equal to item 1.3) Segment result (including abnormal items where relevant) Unallocated expenses Consolidated operating profit after tax (before equity accounting) (equal to item 1.8) Segment assets )Comparative data for segment Unallocated assets )assets should be as at the end of Total assets (equal to item 4.16) )the previous corresponding period. DIVIDENDS (in the case of a trust, distributions) 15.1 Date the dividend (distribution) is payable - 15.2 Record date to determine entitlements to the dividend (distribution) (ie, on the basis of registrable transfers received up to 5.00pm if securities are not CHESS approved, or security holding balances established by 5.00pm or such later time permitted by SCH Business Rules if securities are CHESS approved) - 15.3 If it is a final dividend, has it been declared (Preliminary final statement only) - AMOUNT PER SECURITY Amount per Franked Amount Amount per security per security security at 36% tax of foreign source dividend (Preliminary final report only) 15.4 Final dividend: Current year -c -c -c 15.5 Previous year -c -c -c (Half yearly and preliminary final statements) 15.6 Interim dividend: Current year -c -c -c 15.7 Previous year -c -c -c TOTAL ANNUAL DIVIDEND (DISTRIBUTION) PER SECURITY (Preliminary final statement only) Current Previous year year 15.8 Ordinary securities - c - c 15.9 Preference securities - c - c TOTAL DIVIDEND (DISTRIBUTION) Current Previous period corresponding AUD000 period AUD000 15.10 Ordinary securities - - 15.11 Preference securities - - 15.12 Total - - The dividend or distribution plans shown below are in operation. N/A The last date(s) for receipt of election notices for the dividend or distribution plans N/A Any other disclosures in relation to dividends (distributions) N/A EQUITY ACCOUNTED ASSOCIATED ENTITIES AND OTHER MATERIAL INTERESTS Equity accounting information attributable to the economic entity's share of investments in associated entities must be disclosed in a separate note. See AASB 1016: Disclosure of Information about 16.2 Share of associated entities' retained profits and reserves MATERIAL INTERESTS IN ENTITIES WHICH ARE NOT CONTROLLED ENTITIES The economic entity has an interest (that is material to it) in the following entities. Name of entity Percentage of ownership Contribution to operating interest (ordinary profit (loss) and securities, units, etc) extraordinary items held at end of period after tax 17.1 Equity accounted Current Previous Current Previous associated period corresponding period corresponding entities period AUD000 period AUD000 Equity accounted N/A - - - - - - - - - - - - - - 17.2 Other material Not equity accounted interests (ie part of item 1.14) N/A - - - - - - - - - - - - - - ISSUED AND QUOTED SECURITIES AT END OF CURRENT PERIOD Description includes rate of interest and any redemption or conversion rights together with prices and dates. Category of Number Number Par value Paid-up securities issued quoted (cents) value (cents) 18.1 Preference securities (description) - - - - 18.2 Changes during current period (a) increases through issues - - - - (b) decreases through returns of capital buybacks, redemptions - - - - 18.3 Ordinary securities 130,329,000 130,329,000 20 20 2,434,000 - 100 100 18.4 Changes during current period (a) increases through issues 80,850,000 80,850,000 20 20 (b) decreases through returns of capital buybacks - - - - 18.5 Convertible debt securities (description and conversion factor) - - - - 18.6 Changes during current period (a) increases through issues - - - - (b) decreases through securities matured, converted - - - - 18.7 Options (description Exercise Expiry and conversion factor) price date (cents) Unlisted 25 cents 22,500,000 - 25 31/12/2002 Unlisted 50 cents 32,500,000 - 50 31/12/2002 Unlisted 25 cents 3,750,000 - 25 31/01/2001 18.8 Issued during current period 22,500,000 - 25 31/12/2002 32,500,000 - 50 31/12/2002 18.9 Exercised during current period - - - - 18.10 Expired during current period - - - - 18.11 Debentures (totals only) - - 18.12 Unsecured notes (totals only) - - COMMENTS BY DIRECTORS Comments on the following matters are required by ASX or, in relation to the half yearly statement, by AASB 1029: Half-Year Accounts and Consolidated Accounts. The comments do not take the place of the directors' report and statement (as required by the Corporations Law) and may be incorporated into the directors' report and statement. For both half yearly and preliminary final reports, if there are no comments in a section, state NIL. If there is insufficient space to comment, attach notes to this report. BASIS OF ACCOUNTS PREPARATION If this report is a half yearly report, it is a general purpose financial report prepared in accordance with the listing rules and AASB 1029: Half-Year Accounts and Consolidated Accounts. It should be read in conjunction with the last annual report and any announcements to the market made by the entity during the period. [Delete if inapplicable.] Material factors affecting the revenues and expenses of the economic entity for the current period N/A A description of each event since the end of the current period which has had a material effect and is not related to matters already reported, with financial effect quantified (if possible) Issue of 1.45 million ordinary shares under the terms of option certificates held with an exercise price of 25 cents. This resulted in an increase of paid up capital (between 31/12/1999 and the date of this report) of $362,500. Franking credits available (amount): $ N/A Prospects for paying fully or partly franked dividends for at least the next year N/A Changes in accounting policies since the last annual report are disclosed as follows. Recognition of Revenue The company generates revenue from e-commerce (Jumbomall), web site development and design and software sales. Commissions are charged on sales made through shops that are administrated by the Jumbomall and are recognised as income when the order has been completed. Jumbomall stores are charged subscriptions which are payable monthly, quarterly, 6 monthly or yearly in advance. Revenue is recognised in the month that the fee relates to. In commencing a move to become fully GAAP compliant, web site development and design revenues are recognised as services are provided or when the project is completed. The company sells internet software tools and revenue on these sales is recognised when the software is delivered and payment has been received. Intangibles Goodwill represents the excess of the purchase consideration over the fair value of identifiable net assets acquired at the time of acquisition of a business or shares in a controlled entity. Goodwill is amortised by the straight line method over the period which the benefits are expected to be received. This is taken as being 3 years. ADDITIONAL DISCLOSURE FOR TRUSTS 19.1 Number of units held by the management company or a related party of it N/A 19.2 A statement of the fees and commissions payable to the management company. N/A Identify: initial service charges - management fees - other fees - ANNUAL MEETING (Preliminary final statement only) The annual meeting will be held as follows: Place N/A Date - Time - Approximate date the annual report will be available - COMPLIANCE STATEMENT 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Law or other standards acceptable to ASX (see note 13). Identify other standards used - 2 This statement, and the financial statements under the Corporations Law (if separate), use the same accounting policies. 3 This statement does give a true and fair view of the matters disclosed (see note 2). 4 This statement is based on financial statements to which one of the following applies. (Tick one) The financial statements have been audited. X The financial statements have been subject to review. The financial statements are in the process of being audited or The financial statements have not yet been audited or reviewed. subject to review. 5 If the audit report or review by the auditor is not attached, details of any qualifications are attached. (Half yearly report only - the audit report or review by the auditor must be attached to this report if the report is to satisfy the requirements of the Corporations Law.) 6 The entity has a formally constituted audit committee. D Harland (COMPANY SECRETARY) 15/03/2000

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