DKN 0.00% 79.5¢ dkn financial group limited

another player takes 7%

  1. 111 Posts.
    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 .
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.