my casino - Halbjahresbericht
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Half Yearly Report
DETAILS OF SPECIFIC RECEIPTS/OUTLAYS, REVENUES/EXPENSES
(Equity Accounted)
Current Previous
period corresponding
period
AUD000 AUD000
12.1 Interest revenue included
in determining item 1.4 104 -
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.) - -
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) - -
12.6 Depreciation and amortisation (excluding
amortisation of intangibles) 103 -
CONTROL GAINED OVER ENTITIES HAVING MATERIAL EFFECT
(See note 8)
13.1 Name of entity (or group of entities)
Internet Transaction Processing Limited
International Data Processing Limited
Netcom Limited
Casinos Australasia Limited
Sportsbook Australasia Limited
Rox Limited
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 $ (5,088,000)
13.3 Date from which such profit has
been calculated 31/03/2000
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) -
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 GAMING ACTIVITIES
Operating Revenue 1,415,000
Sales to customers outside the economic entity -
Inter-segment sales -
Unallocated revenue -
Total revenue (consolidated total equal to item 1.3) 1,415,000
Segment result (including abnormal items where relevant) (6,793,000)
Unallocated expenses -
Consolidated operating profit after tax (before
equity accounting) (equal to item 1.8) (6,793,000)
Segment assets )* 10,813,000
Unallocated assets )
Total assets (equal to item 4.16) ) 10,813,000
* Comparative data for segment assets should be as at the end of the
previous corresponding period.
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 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) N/A
15.3 If it is a final dividend, has it been declared
(Preliminary final statement only) N/A
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
DETAILS OF AGGREGATE SHARE OF PROFITS OF ASSOCIATES
Current Previous
Entity's share of associate's period corresponding
AUD000 period
AUD000
16.1 Operating profit(loss) before
income tax - -
16.2 Income tax expense - -
16.3 Operating profit(loss) after
income tax - -
16.4 Extraordinary items net of tax - -
16.5 Net profit(loss) - -
16.6 Outside equity interests - -
16.7 Net profit(loss) attributable
to members - -
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 held at end profit (loss) and
of period or date of extraordinary items
disposal after tax
17.1 Equity accounted Current Previous Current Previous
associated period corresponding period corresponding
entities period AUD000 period
AUD000
17.2 Total
17.3 Other material
interests
17.4 Total
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 186,288,553 120,688,553 - -
18.4 Changes during
current period
(a) increases through
issues 32,000,000 6,400,000 4 f/p
40,000,000 - 4 f/p
38,000,000 38,000,000 20 f/p
12,244,663 12,244,663 25 f/p
(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)
Conversion factor for
all options is 1:1 185,527 - 25 30/06/2000
36,261,500 36,261,500 20 31/03/2003
- 45,000,000 40 31/03/2003
18.8 Issued during
current period - - 25 30/06/2000
- - 20 31/03/2003
38,000,000 38,000,000 40 31/03/2000
18.9 Exercised during
current period 9,006,163 9,006,163 25 30/06/2000
1,738,500 1,738,500 20 31/03/2003
- - 40 31/03/2000
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
ABNORMAL ITEMS:
CREDIT CARD LOSSES PROVISION
In July 2000 the processing and checking systems of the casino
indicated an unacceptably high rate of suspect cards had been
processed and the credit card acceptance systems were disabled by the
company. An exact quantification of the loss that may eventuate from
suspect card transactions is not possible until the company has
received notification from the credit card companies of all of the
disputed transactions. A provision for losses to 30 June 2000 of
$3,500,000 has been made in the half-year accounts.
COMMISSION ON SUSPECT CREDIT CARD TRANSACTIONS
Commissions paid on casino wins and turnover based on suspect credit
cards totalled $620,000.
GAMING SOFTWARE LOSSES
During May 2000 a gaming software failure was exploited by certain
players resulting in abnormal gaming losses of $698,000. The casino
operator is seeking re-imbursement of these losses from the software
supplier.
MINING ASSET PROVISION
In July 2000 agreements were entered into to transfer the company's
mineral assets to Rox Limited in proportion to their shareholdings in
My Casino as part of the spin-off arrangements.
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)
None
Franking credits available (amount): $ -
Prospects for paying fully or partly franked dividends for at least
the next year
None
Changes in accounting policies since the last annual report are
disclosed as follows.
None
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 -
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 x The financial
statements have statements have
been audited. been subject to
review.
The financial The financial
statements are in statements have not
the process of yet been audited or
being audited or reviewed.
subject to review.
5 If the audit report or review by the auditor is not attached, detail
of any qualifications
are attached/will follow immediately they are available.
(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 does not have a formally constituted audit
committee.
G McIntosh
(DIRECTOR)
11/09/2000