another player takes 7%

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

Investing Costs 96 -
Commission Expense 5,566 3,199
Depreciation & Amortisation 129 144
Payments to Employees 967 564
Administration Costs 1,396 1,065
Total 8,154 4,972


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

r .