crunching the numbers!!!

In light of TIM asx announcement 13/12/02 re qtr end figures 30/9/02 i thought i'd try to come up with a yearly picture of how this co is travelling @ the moment because........

the co said what was released did not provide a meaningful indication of full year result to 30/9/03

so here we go....
for the qtr new business revenue = 300,000
that's aprox 1.2m for full year

annuity revenue = 15.4m or 61.6m for full year

as per last years result 'other revenue' for full
year was 58.3m

so what we have is:
annuity revenue = 61.6m
other revenue = 58.3m
new business rev = 1.2m

WHICH EQUALS = 121.1M
as against last years result of 106.5m
an increase of 14.6m approximate!
or 13.71 per cent approximate!

these figures are 'approximate only' but whichever way u look @ it TIM looks like (albeit similar performance to last year) increasing revenue as they have previously
indicated in other asx announcements(re annuity income)

on a worse case senario i'm tipping revenue growth of at least 5 per cent( to 110m - 112m) but this only my opinion on a approximate basis

please read the red stuff down below

cheers