Investor Relations

Half Yearly Report & Half Year Accounts

Back Mar 12, 2003
Part B | Part D | Part A | Part C | Part E

Q MULTIMEDIUM LIMITED                         2003-03-12  ASX-SIGNAL-G

HOMEX - Perth                                                         

+++++++++++++++++++++++++
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL PERFORMANCE

                                                CURRENT     PREVIOUS
                                                PERIOD   CORRESPONDING
                                                             PERIOD
                                                AUD000       AUD000

1.1  Revenues from ordinary activities               
     (see items 1.23 - 1.25)                     3,240        2,022

1.2  Expenses from ordinary activities
     (see items 1.26 + 1.27)                     3,443        3,088

1.3  Borrowing costs                               108           55

1.4  Share of net profit (losses) of 
     associates and joint venture
     entities (see item 16.7)                        -            -

1.5  Profit (loss) from ordinary
     activities before tax                       (311)      (1,121)

1.6  Income tax on ordinary 
     activities (see note 4)                         -            -

1.7  Profit (loss) from ordinary
     activities after tax                        (311)      (1,121)

1.8  Profit (loss) from extraordinary
     items after tax (see item 2.5)                  -            -

1.9  Net profit (loss)                           (311)      (1,121)

1.10 Net profit (loss) attributable to
     outside equity interests                        -            -  
                           
1.11 Net profit (loss) for the period
     attributable to members                     (311)      (1,121)

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)                         -            -

1.15 Initial adjustments from UIG transitional
     provisions                                      -            -

1.16 Total transactions and adjustments 
     recognised directly in equity
     (items 1.12 to 1.15)                            -            0

1.17 Total changes in equity not resulting
     from transactions with owners as 
     owners                                      (311)      (1,121)


EARNINGS PER SECURITY (EPS)
                                                CURRENT     PREVIOUS
                                                PERIOD   CORRESPONDING
                                                             PERIOD
1.18 Basic EPS                                 (0.003) c     (0.01) c

1.19 Diluted EPS                                     - c          - c


NOTES TO THE CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL PERFORMANCE
PROFIT (LOSS) FROM ORDINARY ACTIVITIES ATTRIBUTABLE TO MEMBERS

                                                CURRENT     PREVIOUS
                                                PERIOD   CORRESPONDING
                                                             PERIOD
1.20 Profit (loss) from ordinary
     activities after tax (item 1.7)             (311)      (1,121)

1.21 Less (plus) outside equity interests            -            -

1.22 Profit (loss) from ordinary activities
     after tax attributable to members           (311)      (1,121)


REVENUE AND EXPENSES FROM ORDINARY ACTIVITIES
(see note 15)
                                                CURRENT     PREVIOUS
                                                PERIOD   CORRESPONDING
                                                             PERIOD
1.23 Revenue from sales or service                3,219        1,981

1.24 Interest revenue                                 -           10

1.25 Other relevant revenue 

                                                    21           31

1.26 Details of relevant expenses

     Raw materials and sonsumables used          1,236          699
     Employee benefits expense                   1,149        1,205
     Amortisation of goodwill                        -          187
     Asset write downs                               -            -
     Other expenses from ordinary                                  
     activity                                      704          612
                                                 3,089        2,703

1.27 Depreciation and amortisation excluding
     amortisation of intangibles                    354          385
     (see item 2.3)

CAPITALISED OUTLAYS

1.28 Interest capitalised in asset values             -            -

1.29 Outlays capitalised in intangibles               -            -
     (unless arising from an acquisition
      of a business)


CONSOLIDATED RETAINED PROFITS

1.30 Retained profits (accumulated losses)
     at the beginning of the financial
     period                                    (8,074)      (6,953)

1.31 Net profit (loss) attributable to
     members (item 1.11)                         (311)      (1,121)

1.32 Net transfers from (to) reserves                -            -

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)
     at end of financial period                (8,385)      (8,074)



INTANGIBLE 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                      -         -         -          -

2.2 Amortisation of 
    other intangibles             -         -         -          -

2.3 Total amortisation 
    of intangibles                0         0         0          0

2.4 Extraordinary items           -         -         -          -
              (details)

2.5 Total extraordinary
    items                         0         0         0          0   


COMPARISON OF HALF YEAR PROFITS                Current     Previous
(Preliminary final report only)                  year        year
                                                AUD000       AUD000
3.1  Consolidated profit (loss) from
     ordinary activities after 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 tax 
     attributable to members for the 2nd 
     half year                                       -            - 


CONSOLIDATED BALANCE SHEET
                                              As shown
                                  At end of    in last    As in last
                                   current     annual     half yearly
                                   period      report      report
                                   AUD000       AUD000       AUD000
      CURRENT ASSETS                                                 
4.1   Cash                          (125)          236          352
4.2   Receivables                   1,284          926        1,076
4.3   Investments                       -            -            -
4.4   Inventories                      99           89           91
4.5   Tax assets                        -            -            -
4.6   Other (provide details
      if material)                      -           29            -

4.7   Total current assets          1,258        1,280        1,519

      NON-CURRENT ASSETS
4.8   Receivables                       -            -            -
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 and   
      equipment (net)               2,725        3,041        3,761
4.15  Intangibles (net)                 -            -        2,131
4.16  Tax assets                        -            -            -
4.17  Other (provide details if
      material)                         -            -            -

4.18  Total non-current assets      2,725        3,041        5,892

4.19  TOTAL ASSETS                  3,983        4,321        7,411

      CURRENT LIABILITIES
4.20  Payables                      1,266        1,071        1,208
4.21  Interest bearing 
      liabilities                     427          377          575
4.22  Tax liabilities                   -            -            -
4.23  Provisions exc tax
      liabilities                     145          110          120
4.24  Other (provide details if
      material)                       128          209            -

4.25  Total current liabilities     1,966        1,767        1,903

      NON-CURRENT LIABILITIES
4.26  Payables                          -            -            -
4.27  Interest bearing 
      liabilities                   1,643        1,867        2,077
4.28  Tax liabilities                   -            -            -
4.29  Provisions exc tax
      liabilities                      60           62           54
4.30  Other (provide details if
      material)                         -            -            -

4.31  Total non-current 
      liabilities                   1,703        1,929        2,131

4.32  TOTAL LIABILITIES             3,669        3,696        4,034

4.33  NET ASSETS                      314          625        3,377

      EQUITY
4.34  Capital/contributed equity   12,146       12,146       11,451
4.35  Reserves                          -           38            -
4.36  Retained profits            
      (accumulated losses)       (11,832)     (11,559)      (8,074)

4.37  Equity attributable to
      members of the parent 
      entity                          314          625        3,377
4.38  Outside equity interests in
      controlled entities               -            -            -

4.39  Total equity                    314          625        3,377

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     Previous
                                                period  corresponding
                                                             period
                                                AUD000       AUD000

5.1  Opening balance                                 -            -

5.2  Expenditure incurred                            
     during current period                           -            -

5.3  Expenditure written off
     during current 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)                                     0            0


DEVELOPMENT PROPERTIES
(To be completed only by entities with mining interests if amounts 
are material)
                                               Current     Previous
                                                period  corresponding
                                                             period
                                                AUD000       AUD000

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 increments, etc.                    -            -

6.6  Expenditure transferred to
     mine properties                                 -            -
    
6.7  Closing balance as shown in
     the consolidated balance sheet 
     (item 4.13)                                     0            0


CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

                                               Current     Previous
                                                period  corresponding
                                                            period
                                                AUD000       AUD000
CASH FLOWS RELATED TO OPERATING ACTIVITIES

7.1   Receipts from customers                    2,996       1,983

7.2   Payments to suppliers and 
      employees                                (3,035)     (1,893)

7.3   Dividends received from
      associates                                     -           -

7.4   Other dividends received                       -           -

7.5   Interest and other items
      of similar nature received                     -          10

7.6   Interest and other costs of 
      finance paid                               (108)        (10)
 
7.7   Income taxes paid                              -           -
 
7.8   Other (provide details if material)          (2)           -
                                               
7.9   Net operating cash flows                   (149)          90

CASH FLOWS RELATED TO INVESTING ACTIVITIES

7.10  Payment for purchases of property,
      plant and equipment                         (38)       (124)

7.11  Proceeds from sale of property, plant
      and equipment                                  -           -

7.12  Payment for purchases of equity 
      investments                                    -        (68)

7.13  Proceeds from sale of equity 
      investments                                    -           -

7.14  Loans to other entities                        -           -

7.15  Loans repaid by other entities                 -           -

7.16  Other (provide details if material)            -           -

7.17  Net investing cash flows                    (38)       (192)

CASH FLOWS RELATED TO FINANCING ACTIVITIES

7.18  Proceeds from issues of securities
      (shares, options, etc.)                        -           -

7.19  Proceeds from borrowings                       -           -

7.20  Repayment of borrowings                    (174)        (31)

7.21  Dividends paid                                 -           -

7.22  Other (provide details if material)            -           -

7.23  Net Financing Cash Flows                   (174)        (31)

7.24  NET INCREASE (DECREASE) IN CASH HELD       (361)       (133)

7.25  Cash at beginning of period                  236         485
      (see Reconciliation of cash)

7.26  Exchange rate adjustments to item
      7.25                                           -           -

7.27  Cash at end of period             
      (see Reconciliation of cash)               (125)         352
                

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           Current     Previous
the period (as shown in the consolidated        period   corresponding
statement of cash flows) to the related                     period
items in the accounts is as follows.            AUD000     AUD000

8.1  Cash on hand and at bank                        -        352

8.2  Deposits at call                                -          -

8.3  Bank overdraft                              (125)          -

8.4  Other (provide details)                         -          -
 
8.5  Total cash at end of
     period (item 7.27)                          (125)        352


OTHER NOTES TO THE CONDENSED FINANCIAL STATEMENTS

RATIOS                                         Current     Previous
                                                period   corresponding
                                                             period
     PROFIT BEFORE TAX / REVENUE
9.1  Consolidated profit (loss) from 
     ordinary activities before tax 
     (item 1.5) as a percentage of 
     revenue (item 1.1)                         (9.59) %   (55.4) %

     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 equity (similarly
     attributable) at the end of the
     period (item 4.37)                           (99) %    (33.2) %


EARNINGS PER SECURITY (EPS)                    Current     Previous
                                                period   corresponding
                                                             period
10   Details of basic and diluted EPS reported
     seperately in accordance with paragraph 9
     and 18 of AASB 1027: Earnings per Share
     are as follows.

 Calculations are per AASB 1027 for both basic and dilutive EPS.
 As the entity is in a loss position for the year, potential
 ordinary shares are not dilutive.


NTA BACKING                                   Current     Previous
 (see note 7)                                  period   corresponding
                                                           period
11.1 Net tangible asset backing
     per ordinary security                       0.003 c       0.01 c

MORE TO FOLLOW

                                                                                                                                         1