RNS Number:3661I
Virotec International Ld
06 March 2003
Rules 4.1, 4.3
THIS DOCUMENT IS PREPARED IN ACCORDANCE WITH THE AUSTRALIAN STOCK EXCHANGE LISTING RULES
Appendix 4B
Half yearly/preliminary final report
Introduced 30/6/2002.
Name of entity
VIROTEC INTERNATIONAL LTD
ABN or equivalent company Half yearly Preliminary final (tick) Half year/financial year ended
reference (tick) ('current period')
81 004 801 398 x 31 December 2002
For announcement to the market
Extracts from this report for announcement to the market (see note 1). $A'000
Revenues from ordinary activities up 22% to 951
(item 1.1)
Profit (loss) from ordinary down 44% to (2,835)
activities after tax attributable
to members (item 1.22)
Profit (loss) from extraordinary gain (loss) of -
items after tax attributable to
members (item 2.5(d))
Net profit (loss) for the period down 44% to (2,835)
attributable to members (item
1.11)
Dividends (distributions) Amount per security Franked amount per security
Final dividend (Preliminary final report only - n/a n/a
item 15.4)
Interim dividend (Half yearly report only - item c c
15.6)
Previous corresponding period (Preliminary final n/a n/a
report - item 15.5; half yearly report - item c c
15.7)
+Record date for n/a
determining entitlements to
the dividend,
(in the case of a trust,
distribution) (see item
15.2)
Brief explanation of any of the figures reported above (see Note 1) and short details of any bonus or cash issue or
other item(s) of importance not previously released to the market:
If this is a half yearly report it is to be read in conjunction with the most recent annual financial report.
Condensed consolidated statement of financial performance
Current period - $A'000 Previous corresponding period - $A'000
1.1 Revenues from ordinary activities (see 951 527
items 1.23 -1.25)
1.2 Expenses from ordinary activities (see (3,786) (2,749)
items 1.26 & 1.27)
1.3 Borrowing costs - -
1.4 Share of net profits (losses) of - -
associates and joint venture entities
(see item 16.7)
1.5 Profit (loss) from ordinary activities (2,835) (1,974)
before tax
- -
1.6 Income tax on ordinary activities (see
note 4)
1.7 Profit (loss) from ordinary activities (2,835) (1,974)
after tax
1.8 Profit (loss) from extraordinary items
after tax (see item 2.5) - -
1.9 Net profit (loss) (2,835) (1,974)
- -
1.10 Net profit (loss) attributable to
outside +equity interests
1.11 Net profit (loss) for the period (2,835) (1,974)
attributable to members
Non-owner transaction changes in equity
1.12 Increase (decrease) in revaluation reserves - -
1.13 Net exchange differences recognised in equity
1.14 Other revenue, expense and initial adjustments recognised directly in equity (attach details)
Initial adjustments from UIG transitional provisions
1.15
1.16 Total transactions and adjustments recognised directly in equity (items 1.12 to 1.15) - -
1.17 Total changes in equity not resulting from transactions with owners as owners - -
Current period Previous corresponding
Earnings per security (EPS) period
1.18 Basic EPS (1.7) (1.4)
1.19 Diluted EPS - -
Notes to the condensed consolidated statement of financial performance
Profit (loss) from ordinary activities attributable to members
Current period - $A'000 Previous corresponding period - $A'000
1.20 Profit (loss) from ordinary activities (2,835) (1,974)
after tax (item 1.7)
1.21 Less (plus) outside +equity interests -
1.22 Profit (loss) from ordinary activities (2,835) (1,974)
after tax, attributable to members
Revenue and expenses from ordinary activities
(see note 15)
Current period - $A'000 Previous corresponding period -
$A'000
1.23 Revenue from sales or services 627 551
1.24 Interest revenue 264 197
1.25 Other relevant revenue 60 26
1.26 Details of relevant expenses
Research and development (1,228) (574)
Mining interests costs (138) (214)
Employee and Directors (720) (609)
remuneration costs (620) (318)
Cost of rendering services (51) (51)
Amortisation (924) (905)
Other
1.27 Depreciation and amortisation (102) (78)
excluding amortisation of
intangibles (see item 2.3)
Capitalised outlays
1.28 Interest costs capitalised in - -
asset values
1.29 Outlays capitalised in - -
intangibles (unless arising
from an +acquisition of a
business)
Consolidated retained profits
Current period - $A'000 Previous corresponding period - $A'000
1.30 Retained profits (accumulated losses) (50,487) (47,320)
at the beginning of the financial
period
1.31 Net profit (loss) attributable to (2,835) (1,974)
members (item 1.11)
-
1.32 Net transfers from (to) reserves
(details if material)
- -
1.33 Net effect of changes in accounting
policies
- -
1.34 Dividends and other equity
distributions paid or payable
1.35 Retained profits (accumulated losses) (53,322) (49,344)
at end of financial period
Intangible and extraordinary items
Consolidated - current period
Before tax Related tax Related outside Amount (after tax)
$A'000 $A'000 +equity interests attributable to
$A'000 members
(c) $A'000
(a) (b) (d)
2.1 Amortisation of 51 - - 51
goodwill
2.2 Amortisation of other - - - -
intangibles
2.3 Total amortisation of 51 - - 51
intangibles
2.4 Extraordinary items - - - -
(details)
2.5 Total extraordinary - - - -
items
Comparison of half year profits Current year - $A'000 Previous year - $A'000
(Preliminary final report only)
3.1 Consolidated profit (loss)
from ordinary activities after n/a n/a
tax attributable to members
reported for the 1st half year
(item 1.22 in the half yearly
report)
3.2 Consolidated profit (loss)
from ordinary activities after n/a n/a
tax attributable to members
for the 2nd half year
Condensed consolidated statement of financial At end of current As shown in last As in last half
position period $A'000 annual report yearly report
$A'000 $A'000
Current assets
4.1 Cash 8,771 11,897 13,391
4.2 Receivables 287 178 128
4.3 Investments - - -
4.4 Inventories 17 17 10
4.5 Tax assets - - -
4.6 Other (provide details 51 107 124
if material)
4.7 Total current assets 9,127 12,199 13,653
Non-current assets
4.8 Receivables 556 556 556
4.9 Investments (equity - - -
accounted)
4.10 Other investments - - -
4.11 Inventories - - -
4.12 Exploration and - - -
evaluation expenditure
capitalised (see para
.71 of AASB 1022)
4.13 Development properties - - -
(+mining entities)
4.14 Other property, plant 1,283 1,267 1,288
and equipment (net)
4.15 Intangibles (net) 798 849 901
4.16 Tax assets - - -
4.17 Other (provide details - - -
if material)
4.18 Total non-current assets 2,637 2,672 2,744
4.19 Total assets 11,763 14,871 16,397
Current liabilities
4.20 Payables 504 780 452
4.21 Interest bearing - - -
liabilities
4.22 Tax liabilities - - -
4.23 Provisions exc. tax 113 110 91
liabilities
4.24 Other (provide details - - -
if material)
4.25 Total current 617 890 544
liabilities
Non-current liabilities
4.26 Payables - - -
4.27 Interest bearing - - -
liabilities
4.28 Tax liabilities - - -
4.29 Provisions exc. tax 790 790 610
liabilities
4.30 Other (provide details - - -
if material)
4.31 Total non-current 790 790 610
liabilities
4.32 Total liabilities 1,407 1,680 1,154
4.33 Net assets 10,356 13,191 15,243
Condensed consolidated statement of financial position continued
Equity
4.34 Capital/contributed equity 63,678 63,678 62,587
4.35 Reserves - - 2,000
4.36 Retained profits (accumulated losses) (53,322) (50,487) (49,344)
4.37 Equity attributable to members of the parent entity 10,356 13,191 15,243
4.38 Outside +equity interests in controlled entities - - -
4.39 Total equity 10,356 13,191 15,243
4.40 Preference capital included as part of 4.37 - - -
Notes to the condensed consolidated statement of financial position
Exploration and evaluation expenditure capitalised
(To be completed only by entities with mining interests if amounts are material. Include all expenditure incurred.)
Current period $A'000 Previous corresponding period - $A'000
5.1 Opening balance - -
5.2 Expenditure incurred during current 138 214
period
5.3 Expenditure written off during current (138) (214)
period
5.4 Acquisitions, disposals, revaluation - -
increments, etc.
5.5 Expenditure transferred to Development - -
Properties
5.6 Closing balance as shown in the - -
consolidated balance sheet (item 4.12)
Development properties
(To be completed only by entities with mining interests if amounts are material)
Current period $A'000 Previous corresponding
period - $A'000
6.1 Opening balance - -
6.2 Expenditure incurred during current period - -
6.3 Expenditure transferred from exploration and evaluation - -
6.4 Expenditure written off during current period - -
6.5 Acquisitions, disposals, revaluation etc. - -
6.6 Expenditure transferred to mine properties - -
6.7 Closing balance as shown in the consolidated balance sheet (item 4.13) - -
Condensed consolidated statement of cash flows
Current period $A'000 Previous corresponding period - $A'000
Cash flows related to operating
activities
7.1 Receipts from customers 518 638
7.2 Payments to suppliers and employees (2,415) (1,844)
7.3 Dividends received from associates - -
7.4 Other dividends received - -
7.5 Interest and other items of similar 264 197
nature received
7.6 Interest and other costs of finance paid - -
7.7 Income taxes paid - -
7.8 Other (provide details if material) - -
7.9 Net operating cash flows (1,633) (1,009)
Cash flows related to investing
activities
7.10 Payment for purchases of property, plant (191) (288)
and equipment
7.11 Proceeds from sale of property, plant 64 -
and equipment
7.12 Payment for purchases of equity - -
investments
7.13 Proceeds from sale of equity investments - -
7.14 Loans to other entities - -
7.15 Loans repaid by other entities - -
7.16 Other: Mining interests costs (138) (214)
Research and development (1,227) (574)
Other - (2)
7.17 Net investing cash flows (1,493) (1,079)
Cash flows related to financing
activities
7.18 Proceeds from issues of +securities - 16,047
(shares, options, etc.)
7.19 Proceeds from borrowings - -
7.20 Repayment of borrowings - -
7.21 Dividends paid - -
7.22 Other (share issue costs) - (1,147)
7.23 Net financing cash flows - 14,901
7.24 Net increase (decrease) in cash held (3,126) 12,813
7.25 Cash at beginning of period
(see Reconciliation of cash) 11,897 578
7.26 Exchange rate adjustments to item 7.25. - -
7.27 Cash at end of period
(see Reconciliation of cash) 8,771 13,391
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.)
Nil
Reconciliation of cash
Reconciliation of cash at the end of the period (as shown in the Current period $A'000 Previous corresponding
consolidated statement of cash flows) to the related items in period - $A'000
the accounts is as follows.
8.1 Cash on hand and at bank 121 291
8.2 Deposits at call 8,650 13,100
8.3 Bank overdraft - -
8.4 Other (provide details) - -
8.5 Total cash at end of period 8,771 13,391
(item 7.27)
Other notes to the condensed financial statements
Ratios Current period Previous corresponding
period
Profit before tax / revenue
9.1 Consolidated profit (loss) from ordinary activities before 298% 354%
tax (item 1.5) as a percentage of revenue (item 1.1)
Profit after tax / +equity interests
9.2 Consolidated net profit (loss) from ordinary activities after
tax attributable to members (item 1.11) as a percentage of 27% 15%
equity (similarly attributable) at the end of the period
(item 4.37)
Earnings per security (EPS)
10. Details of basic and diluted EPS reported separately in accordance with paragraph 9 and 18 of AASB 1027:
Earnings Per Share are as follows.
Weighted average number of ordinary shares outstanding used in the calculation of EPS: 2002 - 168,193,841
2001 - 136,362,426
Option on issue noted in item 18 are potential ordinary shares, however all potential ordinary shares at the end of
the period were not dilutive and accordingly diluted EPS is not disclosed.
NTA backing Current period Previous corresponding
(see note 7) period
11.1 Net tangible asset backing per +ordinary security 6.2 cents 10.1 cents
Discontinuing Operations
(Entities must report a description of any significant activities or events relating to discontinuing operations in
accordance with paragraph 7.5 (g) of AASB 1029: Interim Financial Reporting, or, the details of discontinuing
operations they have disclosed in their accounts in accordance with AASB 1042: Discontinuing Operations (see note
17).)
12.1 Discontinuing Operations
N/A
Control gained over entities having material effect
13.1 Name of entity (or group of entities) n/a
13.2 Consolidated profit (loss) from ordinary activities and extraordinary items after tax of the
controlled entity (or group of entities) since the date in the current period on which control was $-
+acquired
13.3 Date from which such profit has been calculated
13.4 Profit (loss) from ordinary activities and extraordinary items after tax of the controlled entity (or
group of entities) for the whole of the previous corresponding period $-
Loss of control of entities having material effect
14.1 Name of entity (or group of entities) n/a
14.2 Consolidated profit (loss) from ordinary activities and extraordinary items after tax of the
controlled 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 profit (loss) from ordinary activities and extraordinary items after tax of the
controlled entity (or group of entities) while controlled during the whole of the previous $-
corresponding period
14.5 Contribution to consolidated profit (loss) from ordinary activities and extraordinary items from sale
of interest leading to loss of control $-
Dividends (in the case of a trust, distributions)
15.1 Date the dividend (distribution) is payable n/a
15.2 +Record date to determine entitlements to the dividend (distribution) (ie, on the basis of proper n/a
instruments of transfer received by 5.00 pm if +securities are not +CHESS approved, or security
holding balances established by 5.00 pm 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? n/a
(Preliminary final report only)
Amount per security
Amount per security Franked amount per Amount per security
security at % tax of foreign source
(see note 4) dividend
(Preliminary final report only)
15.4 Final dividend: Current year n/a c n/a c n/a c
15.5 Previous year n/a c n/a c n/a c
(Half yearly and preliminary
15.6 final reports) n/a c n/a c n/a c
Interim dividend: Current
year
15.7 Previous year n/a c n/a c n/a c
Total dividend (distribution) per security (interim plus final)
(Preliminary final report only)
Current year Previous year
15.8 +Ordinary securities Nil c Nil c
15.9 Preference +securities Nil c Nil c
Half yearly report - interim dividend (distribution) on all securities or
Preliminary final report - final dividend (distribution) on all securities
Current period $A'000 Previous corresponding
period - $A'000
15.10 +Ordinary securities (each class separately) - -
- -
15.11 Preference +securities (each class separately)
- -
15.12 Other equity instruments (each class separately)
Nil Nil
15.13 Total
The +dividend or distribution plans shown below are in operation.
Nil
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). (For half yearly reports, provide details in
accordance with paragraph 7.5(d) of AASB 1029 Interim Financial Reporting)
Details of aggregate share of profits (losses) of associates and joint venture entities
Current period $A'000 Previous corresponding
Group's share of associates' and joint venture entities': period - $A'000
16.1 Profit (loss) from ordinary n/a n/a
activities before tax
16.2 Income tax on ordinary n/a n/a
activities
16.3 Profit (loss) from ordinary n/a n/a
activities after tax
16.4 Extraordinary items net of n/a n/a
tax
16.5 Net profit (loss) n/a n/a
16.6 Adjustments n/a n/a
16.7 Share of net profit (loss) of n/a n/a
associates and joint venture
entities
Material interests in entities which are not controlled entities
The economic entity has an interest (that is material to it) in the following entities. (If the interest was acquired
or disposed of during either the current or previous corresponding period, indicate date of acquisition ("from
dd/mm/yy") or disposal ("to dd/mm/yy").)
Name of entity Percentage of ownership interest held at Contribution to net profit (loss) (item 1.9)
end of period or date of disposal
17.1 Equity Current Previous Current period Previous
accounted associates period corresponding period $A'000 corresponding period
and joint venture - $A'000
entities
Nil Nil Nil Nil
17.2 Total
17.3 Other material
interests
17.4 Total
Issued and quoted securities at end of current period
(Description must include rate of interest and any redemption or conversion rights together with prices and dates)
Issue price per Amount paid up
Category of +securities Total number Number quoted security (see per security
note 14) (see note 14)
(cents) (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 168,193,841 168,193,841
18.4 Changes during See attached
current period schedule
(a) Increases
through issues
(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 6,250,000 - price date
factor) (if any)
18.8 Issued during See attached
current period schedule
18.9 Exercised during
current period
18.10 Expired during
current period
18.11 Debentures - -
18.12 (description)
Changes during - -
current period
18.13 Unsecured notes - -
18.14 Changes during
current period - -
Segment reporting
(Information on the business and geographical segments of the entity must be reported for the current period in
accordance with AASB 1005: Segment Reporting and for half year reports, AASB 1029: Interim Financial Reporting.
Because entities employ different structures a pro forma cannot be provided. Segment information in the layout
employed in the entity's +accounts should be reported separately and attached to this report.)
Comments by directors
(Comments on the following matters are required by ASX or, in relation to the half yearly report, by AASB 1029:
Interim Financial Reporting. The comments do not take the place of the directors' report and statement (as required
by the Corporations Act) 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 financial report preparation
19.1 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: Interim Financial Reporting. It should be read in conjunction with the last +annual
report and any announcements to the market made by the entity during the period. The financial statements in this
report are "condensed financial statements" as defined in AASB 1029: Interim Financial Reporting. This report does
not include all the notes of the type normally included in an annual financial report. (Delete if preliminary final
report.)
19.2 Material factors affecting the revenues and expenses of the economic entity for the current period. In a
half yearly report, provide explanatory comments about any seasonal or irregular factors affecting operations.
Please refer to the review of operations in the half year financial reports to 31 December 2002 lodged with ASX.
19.3 A description of each event since the end of the current period which has had a material effect and which is
not already reported elsewhere in this Appendix or in attachments, with financial effect quantified (if possible).
Nil
19.4 Franking credits available and prospects for paying fully or partly franked dividends for at least the next
year.
N/A
19.5 Unless disclosed below, the accounting policies, estimation methods and measurement bases used in this
report are the same as those used in the last annual report. Any changes in accounting policies, estimation methods
and measurement bases since the last annual report are disclosed as follows. (Disclose changes and differences in the
half yearly report in accordance with AASB 1029: Interim Financial Reporting. Disclose changes in accounting policies
in the preliminary final report in accordance with AASB 1001: Accounting Policies-Disclosure).
n/a
19.6 Revisions in estimates of amounts reported in previous interim periods. For half yearly reports the nature
and amount of revisions in estimates of amounts reported in previous +annual reports if those revisions have a
material effect in this half year.
nil
19.7 Changes in contingent liabilities or assets. For half yearly reports, changes in contingent liabilities and
contingent assets since the last + annual report.
Nil
Additional disclosure for trusts
20.1 Number of units held by the management company or responsible entity or their related parties. n/a
20.2 A statement of the fees and commissions payable to the management company or responsible entity. -
Identify:
initial service charges
management fees
other fees
Annual meeting
(Preliminary final report only)
The annual meeting will be held as follows:
Place -
Date -
Time -
Approximate date the +annual report will be available -
Compliance statement
1 This report has been prepared in accordance with AASB Standards, other AASB authoritative pronouncements and
Urgent Issues Group Consensus Views or other standards acceptable to ASX (see note 12).
Identify other standards used n/a
2 This report, and the +accounts upon which the report is based (if separate), use the same accounting policies.
3 This report does give a true and fair view of the matters disclosed (see note 2).
4 This report is based on +accounts to which one of the following applies.
(Tick one)
The +accounts have been audited. x The +accounts have been subject to review.
The +accounts are in the process of being audited The +accounts have not yet been audited or reviewed.
or subject to review.
5 If the audit report or review by the auditor is not attached, details of any qualifications will follow
immediately they are available.
6 The entity has a formally constituted audit committee.
Sign here: ............................................................ Date: 6 March 2003
(Company Secretary)
Print name: ANGUS CRAIG
Notes
1. For announcement to the market The percentage changes referred to in this section are the percentage changes
calculated by comparing the current period's figures with those for the previous corresponding period. Do not show
percentage changes if the change is from profit to loss or loss to profit, but still show whether the change was up
or down. If changes in accounting policies or procedures have had a material effect on reported figures, do not show
either directional or percentage changes in profits. Explain the reason for the omissions in the note at the end of
the announcement section. Entities are encouraged to attach notes or fuller explanations of any significant changes
to any of the items in page 1. The area at the end of the announcement section can be used to provide a cross
reference to any such attachment.
2. True and fair view If this report does not give a true and fair view of a matter (for example, because
compliance with an Accounting Standard is required) the entity must attach a note providing additional information
and explanations to give a true and fair view.
3. Condensed consolidated statement of financial performance
Item 1.1 The definition of "revenue" and an explanation of "ordinary activities" are set out in AASB 1004:
Revenue, and AASB 1018: Statement of Financial Performance.
Item 1.6 This item refers to the total tax attributable to the amount shown in item 1.5. Tax includes income tax
and capital gains tax (if any) but excludes taxes treated as expenses from ordinary activities (eg, fringe benefits
tax).
4. Income tax If the amount provided for income tax in this report differs (or would differ but for compensatory
items) by more than 15% from the amount of income tax prima facie payable on the profit before tax, the entity must
explain in a note the major items responsible for the difference and their amounts. The rate of tax applicable to the
franking amount per dividend should be inserted in the heading for the column "Franked amount per security at % tax"
for items 15.4 to 15.7.
5. Condensed consolidated statement of financial position
Format The format of the consolidated statement of financial position should be followed as closely as possible.
However, additional items may be added if greater clarity of exposition will be achieved, provided the disclosure
still meets the requirements of AASB 1029: Interim Financial Reporting, and AASB 1040: Statement of Financial
Position. Also, banking institutions, trusts and financial institutions may substitute a clear liquidity ranking for
the Current/Non-Current classification.
Basis of revaluation If there has been a material revaluation of non-current assets (including investments)
since the last +annual report, the entity must describe the basis of revaluation adopted. The description must meet
the requirements of AASB 1010: Accounting for the Revaluation of Non-Current Assets. If the entity has adopted a
procedure of regular revaluation, the basis for which has been disclosed and has not changed, no additional
disclosure is required.
6. Condensed consolidated statement of cash flows For definitions of "cash" and other terms used in this report
see AASB 1026: Statement of Cash Flows. Entities should follow the form as closely as possible, but variations are
permitted if the directors (in the case of a trust, the management company) believe that this presentation is
inappropriate. However, the presentation adopted must meet the requirements of AASB 1026. +Mining exploration
entities may use the form of cash flow statement in Appendix 5B.
7. Net tangible asset backing Net tangible assets are determined by deducting from total tangible assets all
claims on those assets ranking ahead of the +ordinary securities (ie, all liabilities, preference shares, outside
+equity interests etc). +Mining entities are not required to state a net tangible asset backing per +ordinary
security.
8. Gain and loss of control over entities The gain or loss must be disclosed if it has a material effect on the
+accounts. Details must include the contribution for each gain or loss that increased or decreased the entity's
consolidated profit (loss) from ordinary activities and extraordinary items after tax by more than 5% compared to the
previous corresponding period.
9. Rounding of figures This report anticipates that the information required is given to the nearest $1,000. If
an entity reports exact figures, the $A'000 headings must be amended. If an entity qualifies under ASIC Class Order
98/0100 dated 10 July 1998, it may report to the nearest million dollars, or to the nearest $100,000, and the $A'000
headings must be amended.
10. Comparative figures Comparative figures are to be presented in accordance with AASB 1018 or AASB 1029 Interim
Financial Reporting as appropriate and are the unadjusted figures from the latest annual or half year report as
appropriate. However, if an adjustment has been made in accordance with an accounting standard or other reason or if
there is a lack of comparability, a note explaining the position should be attached. For the statement of financial
performance, AASB 1029 Interim Financial Reporting requires information on a year to date basis in addition to the
current interim period. Normally an Appendix 4B to which AASB 1029 Interim Financial Reporting applies would be for
the half year and consequently the information in the current period is also the year to date. If an Appendix 4B Half
yearly version is produced for an additional interim period (eg because of a change of reporting period), the entity
must provide the year to date information and comparatives required by AASB 1029 Interim Financial Reporting. This
should be in the form of a multi-column version of the consolidated statement of financial performance as an
attachment to the additional Appendix 4B.
11. Additional information An entity may disclose additional information about any matter, and must do so if the
information is material to an understanding of the reports. The information may be an expansion of the material
contained in this report, or contained in a note attached to the report. The requirement under the listing rules for
an entity to complete this report does not prevent the entity issuing reports more frequently. Additional material
lodged with the +ASIC under the Corporations Act must also be given to ASX. For example, a director's report and
declaration, if lodged with the +ASIC, must be given to ASX.
12. Accounting Standards ASX will accept, for example, the use of International Accounting Standards for foreign
entities. If the standards used do not address a topic, the Australian standard on that topic (if one exists) must be
complied with.
13. Corporations Act financial statements This report may be able to be used by an entity required to comply with the
Corporations Act as part of its half-year financial statements if prepared in accordance with Australian Accounting
Standards.
14. Issued and quoted securities The issue price and amount paid up is not required in items 18.1 and 18.3 for fully
paid securities.
15 Details of expenses AASB 1018 requires disclosure of expenses from ordinary activities according to either
their nature or function. For foreign entities, there are similar requirements in other accounting standards accepted
by ASX. AASB ED 105 clarifies that the disclosures required by AASB 1018 must be either all according to nature or
all according to function. Entities must disclose details of expenses using the layout (by nature or function)
employed in their +accounts.
The information in lines 1.23 to 1.27 may be provided in an attachment to Appendix 4B.
Relevant Items AASB 1018 requires the separate disclosure of specific revenues and expenses which are not
extraordinary but which are of a size, nature or incidence that disclosure is relevant in explaining the financial
performance of the reporting entity. The term "relevance" is defined in AASB 1018. There is an equivalent requirement
in AASB 1029: Interim Financial Reporting. For foreign entities, there are similar requirements in other accounting
standards accepted by ASX.
16 Dollars If reporting is not in A$, all references to $A must be changed to the reporting currency. If reporting is
not in thousands of dollars, all references to "000" must be changed to the reporting value.
17. Discontinuing operations
Half yearly report
All entities must provide the information required in paragraph 12 for half years beginning on or after 1 July 2001.
Preliminary final report
Entities must either provide a description of any significant activities or events relating to discontinuing
operations equivalent to that required by paragraph 7.5 (g) of AASB 1029: Interim Financial Reporting, or, the
details of discontinuing operations they are required to disclose in their +accounts in accordance with AASB 1042
Discontinuing Operations.
In any case the information may be provided as an attachment to this Appendix 4B.
18. Format
This form is a Word document but an entity can re-format the document into Excel or similar applications for
submission to the Companies Announcements Office in ASX.
VIROTEC INTERNATIONAL LTD
ATTACHMENT TO ASX APPENDIX 4B
ISSUED SECURITIES
Ordinary shares Total Number Number Quoted
Balance at 1 July 2002 168,193,841 168,193,841
Add the following share issues: -
Nil - -
Closing balance at 31 December 2002 163,193,841 163,193,841
Options
Total Number Number Quoted
The following options were on issue at 31 December 2002: -
Exercisable on or before 28 February 2003 at $0.20 each 10,000,000 -
Exercisable on or before 31 August 2003 at $1.00 each 2,700,000 -
Exercisable on or before 30 November 2003 at $1.00 each 900,000 -
Exercisable on or before 30 November 2003 at $0.56 each 700,000 -
Exercisable on or before 28 February 2004 at $0.47 each 200,000 -
Exercisable on or before 30 July 2005 at $1.00 each 1,100,000 -
Exercisable on or before 30 July 2005 at $0.47 each 150,000 -
Exercisable on or before 31 October 2005 at $0.61 each 400,000 -
Exercisable on or before 31 March 2005 at $0.30 each. 100,000 -
16,250,000 -
The following movements are included in the above table:
Options issued during the period:
Exercisable on or before 31 March 2005 at $0.30 each 100,000 -
Options expired during the period:
Exercisable on or before 30 November 2002 at $0.75 each 1,000,000 -
Exercisable on or before 30 November 2003 at $0.56 each 150,000 -
No options were exercised during the period.
Option movements since the end of the period:
Options expired since the end of the period:
Exercisable on or before 28 February 2003 at $0.20 each 10,000,000 -
SEGMENT REPORTING
Environmental Mining and Research and Unallocated Consolidated
Consulting exploration development of
Environmental
Technologies
31 December 2002 $ $ $ $ $
Total revenue 626,501 480 - 323,581 950,562
Segment (45,014) (138,849) (1,227,907) (1,422,978) (2,834,748)
operating
results
Segment assets 1,845,502 69,772 - 9,848,036 11,763,310
31 December 2001
Total revenue 453,376 101,162 - 220,605 775,143
Segment 66,172 (242,622) (573,990) (1,223,154) (1,973,594)
operating
results
Segment assets 1,881,342 212,183 - 14,303,438 16,396,963
Ends.
END
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END
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