Asiaone 1-42

SELECTED FINANCIAL DATA
You should read the following selected financial data in conjunction with our proforma financial
statements and the related notes and “Analysis of Financial Condition and Results of Operations”
included elsewhere in this Prospectus. The selected financial data are derived from our proforma
financial statements. Our proforma financial statements for the financial years ended 31 August
1997, 1998 and 1999, and 29 February 2000 which have been audited by Ernst & Young, independent
auditors, together with the unaudited proforma financial statements for the six months ended 28
February 1999 are included elsewhere in this Prospectus. The results of the six months ended 29
February 2000 do not necessarily indicate the results that may be expected for the full year.
Our proforma financial statements are prepared in accordance with Singapore Statements of
Accounting Standard.
Proforma Income Statement Data
6-month 6-month
Period Ended Period Ended
Financial Year Ended 31 August 28 February 29 February
($’000 except per share data) 1997 1998 1999 1999 2000
Revenue 3,260 4,178 4,116 1,701 2,789
Cost of revenue (2,614) (2,053) (2,752) (1,352) (2,356)
Gross profit 646 2,125 1,364 349 433
Operating expenses (1,380) (1,418) (1,902) (1,046) (2,592)
Operating profit/(loss)
Other income
(734) 707 (538) (697) (2,159)
Interest income — — — — 18
Profit/(loss) before income tax (734) 707 (538) (697) (2,141)
Income tax — — — — —
Net profit/(loss) (734) 707 (538) (697) (2,141)
Proforma Net earnings/(loss)
per share (cents) 1 (0.073) 0.071 (0.054) (0.070) (0.214)
Analysis of Revenue by Activities
Content and other services 830 1,413 1,741 584 1,018
Advertising services 1,116 1,383 1,079 561 676
Audiotex services 1,314 1,382 1,296 556 1,095
3,260 4,178 4,116 1,701 2,789
1Based on pre-Invitation share capital of 1,000,000,000 Shares of par value $0.05 each
Balance Sheet Data As at 31 August
As at
29 February
($’000) 1997 1998 1999 2000
Cash and cash equivalents — 126 413 3,526
Working capital (deficit) (7,050) (6,246) (6,827) 3,539
Total assets
Short-term debt and current instalment
2,392 2,594 3,287 9,739
of long-term debt
Amount due to holding company and
— — — —
related company (6,373) (5,909) (7,830) (24)
Long-term debt — — — —
Shareholders’ equity (5,306) (4,599) (5,137) 7,739
Our issued share capital as at the date of this Prospectus is $50,000,000.
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