serious comments?, page-4

Taxing

What you say is right,but the big losses were in the first quater of the F/Y,that is why the share price fell from over 20 cents to the present price.

They had $17 million approx at the of the end of F/Y 2002 dropping to $8 million in the first quater of 2003.

Since then they have been averaging approx. $800.000 per month net,if that can be continued, do your sums.

The announcement says they will net between 0 to $200,000 for the month of April,but they also said they would net approx. $200,000 to $250,000 for the month March, but the net increase was much higher,over $2 mllion for the quater.

People like you and Saxien have been burt badly or are down ramping because you want get stock at a lower price.I think it is the former.

Dont beileve any one on these forums,do your homework and watch the trend.


News Story

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30/04/2003 18:29:00
Commitments Test Entity - Third Quarter Report

ADULTSHOP.COM LIMITED 2003-04-30 ASX-SIGNAL-G

HOMEX - Perth

+++++++++++++++++++++++++
APPENDIX 4C
QUARTERLY REPORT FOR ENTITIES
ON BASIS OF COMMITMENTS

Name of entity
Adultshop.Com Limited

ABN Quarter ended ("current quarter")
92 009 147 924 31/03/2003

CONSOLIDATED STATEMENT OF CASH FLOWS

Cash flows related to Current Year to date
operating activities Quarter (9 months)
AUD'000 AUD'000

1.1 Receipts from customers 12,949 60,488
1.2 Payments for
(a) staff costs (1,735) (5,543)
(b) advertising & marketing (516) (2,257)
(c) research & development - -
(d) leased assets (29) (84)
(e) other working capital (8,255) (54,979)
1.3 Dividends received - -
1.4 Interest and other items of
a similar nature received 95 272
1.5 Interest and other costs of
finance paid - -
1.6 Income taxes paid (79) (2,179)
1.7 Other (provide details if material) - -

1.8 Net Operating Cash Flows 2,430 (4,282)

Cash flows related to investing activities
1.9 Payment for acquisition of:
(a) businesses (item 5) - (100)
(b) equity investments - -
(c) intellectual property (186) (647)
(d) physical non-current assets (239) (1,040)
(e) other non-current assets - -
1.10 Proceeds from disposal of:
(a) businesses - 106
(b) equity investments - -
(c) intellectual property - -
(d) physical non-current assets 8 16
(e) other non-current assets - -
1.11 Loans to other entities - -
1.12 Loans repaid by other entities 23 81
1.13 Other (provide details if material) - -

Net investing cash flows (394) (1,584)

1.14 Total operating and
investing cash flows 2,036 (5,866)

Cash flows related to financing activities
1.15 Proceeds from issues of
shares, options, etc. - -
1.16 Proceeds from sale of
forfeited shares - -
1.17 Proceeds from borrowings - -
1.18 Repayment of borrowings - -
1.19 Dividends paid - -
1.20 Other (provide details if material) - -

Net financing cash flows - -

Net increase (decrease) in cash held 2,036 (5,866)

1.21 Cash at beginning of quarter/
year to date 9,588 17,490

1.22 Exchange rate adjustments to item 1.20 - -

1.23 Cash at end of quarter 11,624 11,624


PAYMENTS TO DIRECTORS OF THE ENTITY AND ASSOCIATES OF THE DIRECTORS
PAYMENTS TO RELATED ENTITIES AND ASSOCIATES OF THE RELATED ENTITIES

Current Quarter
AUD'000

1.24 Aggregate amount of payments to
the parties included in item 1.2 175

1.25 Aggregate amount of loans to the
parties included in item 1.11 -

1.26 Explanation necessary for an understanding
of the transactions

Item 1.24 Fees and remuneration paid to executive and non-executive
directors and payments to director related entities for the
provision of legal and management services.

NON-CASH FINANCING AND INVESTING ACTIVITIES

2.1 Details of financing and investing transactions which have had a
material effect on consolidated assets and liabilities but did
not involve cash flows

N/A

2.2 Details of outlays made by other entities to establish or
increase their share in businesses in which the reporting entity
has an interest

N/A


FINANCING FACILITIES AVAILABLE
Add notes as necessary for an understanding of the position.
(See AASB 1026 paragraph 12.2)

Amount Amount
available used
AUD'000 AUD'000

3.1 Loan facilities - -
3.2 Credit standby arrangements 500 -



RECONCILIATION OF CASH

Reconciliation of cash at the end Current Previous
of the quarter (as shown in the quarter quarter
consolidated statement of cash flows) AUD'000 AUD'000
to the related items in the accounts
is as follows.

4.1 Cash on hand and at bank 2,231 6,524
4.2 Deposits at call 9,393 3,064
4.3 Bank overdraft - -
4.4 Other (provide details) - -

Total: cash at end of quarter (item 1.22) 11,624 9,588




ACQUISITIONS AND DISPOSALS OF BUSINESS ENTITIES

Acquisitions Disposals
(item 1.9(a)) (Item 1.10(a))

5.1 Name of entity N/A N/A

5.2 Place of incorporation
or registration N/A N/A

5.3 Consideration for
acquisition or disposal N/A N/A

5.4 Total net assets N/A N/A

5.5 Nature of business N/A N/A


NOTE 1: NET OPERATING CASH FLOWS

The net operating cash inflow for the quarter of $2,430,000 is a
significant turnaround from the December quarter net operating cash
outflow of $638,000.

As detailed in the December 2002 Appendix 4C, the return to positive
cash flow generation which commenced in November 2002, has continued
in the current quarter. The improvement in cash flow generation is
due primarily to changes made to the business model of the online
erotic entertainment division including a reduction in fees paid to
webmasters and the outsourcing of the credit card billing function.
These changes have resulted in this division operating cash flow
positive for all 3 months of the quarter.

A monthly breakdown of cash flows is provided below to better
illustrate the performance for the quarter as a whole.

MONTH NET OPERATING CASH TOTAL OPERATING AND
FLOWS INVESTING CASH FLOWS
$'000 $'000
JANUARY 2003 857 720
FEBRUARY 2003 576 412
MARCH 2003 997 904
2,430 2,036

The company has encountered delays collecting cash from third party
credit card processing organisations during the quarter. The
additional cash expected to be received in the quarter, in the normal
course of business, would have been approximately $1,300,000. The
Directors are constantly monitoring the situation and obtaining
external advice where appropriate. At the present time the Directors
expect to collect the outstanding monies in total over a 3 to 6 month
period.

The delays in collecting cash from third party credit card processing
organisations have continued in April. Due to these delays, the net
cash flow for April is expected to be in the range of $0 - $200,000.