Asiaone 1-42

4. Revenue (cont’d)
FINANCIAL STATEMENTS
Had the Hosting Agreements discussed in note 17 to the financial statements been in place at
the beginning of the period covered by this report, the revenue would have been as follows:
129
Proforma Company
(A) (B) (A) + (B)
Six- Sixmonth
September July month
period 1, 1999 23, 1999 period
Financial year ended to to ended
ended August 31, February November February February
(All figures in 1997 1998 1999 28, 1999 30, 1999 29, 2000 29, 2000
thousands) S$ S$ S$ S$
(unaudited)
S$ S$ S$
Revenue as above 3,260 4,178 4,116 1,701 1,022 1,767 2,789
Hosting services 240 240 240 120 60 60 120
5. Cost of revenue
3,500 4,418 4,356 1,821 1,082 1,827 2,909
Proforma Company
(A) (B) (A) + (B)
Six- Sixmonth
September July month
period 1, 1999 23, 1999 period
Financial year ended to to ended
ended August 31, February November February February
(All figures in 1997 1998 1999 28, 1999 30, 1999 29, 2000 29, 2000
thousands) S$ S$ S$ S$
(unaudited)
S$ S$ S$
Cost of revenue consists of:
Staff costs 3,028 2,642 2,489 1,270 325 1,612 1,937
Depreciation 860 264 325 147 155 192 347
Other publication cost 146 116 34 31 — 72 72
4,034 3,022 2,848 1,448 480 1,876 2,356
Less:
Grant income (note 8) (1,420) (969) (96) (96) — — —
2,614 2,053 2,752 1,352 480 1,876 2,356