2005 2004 Net loss $(3,100,700) $(4,079,700) Depreciation and amortization 805,800 1,077,900 Amortization of beneficial conversion Discount and debt discount 103,900 291,500 Common stock issued in payment services 1,632,500 1,401,500 Common stock issued in payment of interest 137,200 315,200 Net current assets
and liabilities associated with advance ticketing $1,749,000 -- Call options (268,000) -- Changes in current assets and liabilities 356,400 264,900 Net cash used in operating activities 1,416,100 $(728,700)
7m adjusted for net current assets
are expected as per the purchase agreement, which will allow the company to increase cash deployed for earnings-accretive activities, such as strategic acquisitions, debt repayment and organic growth initiatives, as well as other corporate purposes.
31 (a) calculated on a 314 776 294 shares basis as of June 30, 2004 and 627 582 158 shares basis as of June 30, 2005 (b) Net of Income Tax CONSOLIDATED SIMPLIFIED BALANCE SHEET (IFRS) 31 March 05 30 June 05 (Millions of euros) Non current Assets 2,928 2,923 Net Current Assets
836 830 Total net Assets 3,764 3,753 Shareholders' Equity(a) - 572 - 685 ST & LT Liabilities 1,720 1,792 Consolidated Net Debt 2,616 2,646 Total net Liabilities & Shareholders' Equity 3,764 3,753 (a) Including minority interests (Millions of euros) Q2 2004 Q2 2004 Q2 2005 % Restated(a) RHODIA (consolidated) (A) (B) (B)/(A) Sales 1,276 1,296 1,393 107.
The buyer is also due to pay a further cash consideration if iS' net current assets
exceed GBP500,000 at closing.
The maximum total price of GBP13m includes around GBP1m of net current assets
, the buyer said.
1 billion is less than its net current assets
, which are $5.
The consideration implies a further write down of approximately EUR50m, including about EUR20m in assets held for sale and some EUR30m in net current assets