Following on from OMP taking a big stake in DKN a new player has emerged as a buyer
DEAKIN FINANCIAL SERVICES GROUP LIMITED 2003-03-24 ASX-SIGNAL-G
HOMEX - Melbourne
+++++++++++++++++++++++++ Select Managed Funds Pty Ltd became a substantial shareholder in Deakin Financial Services Group Limited on 20/03/2003 with a relevant interest in the issued share capital of 6,156,224 ordinary shares (7.2%).
This followed the half yearly report some weeks earlier that showed revenue for the 1/2 up 40% ,and a cash balance of about $7m as the company looks to grow its business
DEAKIN FINANCIAL SERVICES GROUP LIMITED 2003-03-07 ASX-SIGNAL-G
HOMEX - Melbourne
+++++++++++++++++++++++++ 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) 7,374 5,262
1.2 Expenses from ordinary activities (see items 1.24 + 12.5 + 12.6) (8,152) (4,967)
1.3 Borrowing costs (2) (5)
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 (780) 290
1.6 Income tax on ordinary activities (see note 4) - -
1.7 Profit (loss) from ordinary activities after tax (780) 290
1.8 Profit (loss) from extraordinary items after tax (see item 2.5) - -
1.9 Net profit (loss) (780) 290
1.10 Net profit (loss) attributable to outside equity interests (4) 113
1.11 Net profit (loss) for the period attributable to members (776) 177
NON-OWNER TRANSACTION CHANGES IN EQUITY
1.12 Retained profits (accumulated losses) at the beginning of the financial period (11,707) (11,738)
1.13 Net profit (loss) attributable to members (item 1.11)) (776) 177
1.14 Net transfers to and from reserves - -
1.15 Net effect of changes in accounting policies - -
1.16 Dividends and other equity distributions paid or payable - -
1.17 Retained profits (accumulated losses) at end of financial period (12,483) (11,561)
PROFIT RESTATED TO EXCLUDE AMORTISATION OF GOODWILL CURRENT PREVIOUS PERIOD CORRESPONDING PERIOD 1.18 Profit (loss) from ordinary activities after tax before outside equity interests (items 1.7) and amortisation of goodwill (680) 390
1.19 Less (plus) outside equity interests (4) 113
1.20 Profit (loss) from ordinary activities after tax (before amortisation of goodwill) attributable to members (676) 277
NOTES TO THE CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL PERFORMANCE PROFIT (LOSS) FROM ORDINARY ACTIVITIES ATTRIBUTABLE TO MEMBERS
CURRENT PREVIOUS PERIOD CORRESPONDING PERIOD 1.21 Profit (loss) from ordinary activities after tax (item 1.7) (780) 290
1.22 Less (plus) outside equity interests (4) 113
1.23 Profit (loss) from ordinary activities after tax attributable to members (776) 177
REVENUE AND EXPENSES FROM ORDINARY ACTIVITIES (see note 15) CURRENT PREVIOUS PERIOD CORRESPONDING PERIOD
1.24 Details of revenue and expenses
Total Operating Revenue
Financial Services & Product Distribution Property Sales & Management 7,154 4,938 Investing in Listed Securities - 122 Unallocated Revenue 71 - Total 149 202 Total Operating Expenses 7,374 5,262
