EV RESOURCES LTD — Regulatory Filings 2003

Mar 13, 2003

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RICHFIELD GROUP LIMITED ABN 66 009 144 503

14^th March 2003

The Company Announcements Office Australian Stock Exchange Limited $4^th$ Floor 20 Bridge Street SYDNEY NSW 2000

1900 499 279 By Facsimile: 1300, 300-021 (25 pages in total)

Dear Sir

APPENDIX 4B HALF-YEAR REPORT

Please find attached a copy of the Appendix 4B Half-year report for Richfield Group Limited for the period ended 31 December 2002.

Yours faithfully,

Richfield Group Limited

$ln/$

DR BOON SENG TAN Director

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Half yearly/preliminary final report

$RULES 4.1, 4.3$

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APPENDIX 4B

Half yearly/preliminary final report

Introduced 30/6/2002.
Name of entity
Richfield Group Limited
ABN or equivalent company Half yearly Preliminary reference final (tick) (tick)	Half year/financial year ended ('current period')
1009 144 503	31 December 2002
For announcement to the market Extracts from this report for announcement to the market (see note 1).	SA'000
Revenues from ordinary activities (item 1.1)	up /down 85% 4,889 to
Profit (loss) from ordinary activities after tax attributable to members (item 1.22) Refer to Item 1.25	up/ down -% 3,071 to.
Profit (loss) from extraordinary items after tax attributable to members (item 2.5(d))	gain (loss) ٥f
Net profit (loss) for the period attributable to members (item 1.11)	up/dewn -% 3.071 to.
Dividends (distributions)	Amount per security Franked amount per security
Final dividend (Preliminary final report only - item 15.4) Interim dividend (Half yearly report only - item 15.6)	Nilq Nilç
Previous corresponding period (Preliminary final report - item 15.5; half yearly report - item 15.7)	Nile Nile
+Record date for determining entitlements to the N/A dividend. (in the case of a trust, distribution) (see item 15.2) Brief explanation of any of the figures reported above (see Note 1) and short details of any bonus or cash issue or other item(s) of importance not previously released to the market:

If this is a half yearly report it is to be read in conjunction with the most recent annual financial report.

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• See chapter 19 for defined terms.

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	Condensed consolidated statement of financial performance
		Current period - SA'000	Previous corresponding period $-$ \$A'000
1.1	Revenues from ordinary activities (see items $1.23 - 1.25$	4,889	31,500
1.2	Expenses from ordinary activities (see items $1.26$ $C$ $1.27$ )	(1,631)	(50, 535)
1.3	Borrowing costs	(187)	(819)
1.4	Share of net profits (losses) of associates and joint venture entities (see item 16.7)
$\overline{1.5}$	Profit (loss) from ordinary activities before tax	3,071	(19, 854)
1.6	Income tax on ordinary activities (see note 4)		(2)
1.7	Profit (loss) from ordinary activities after tax	3,071	(19, 856)
1.8	Profit (loss) from extraordinary items after tax (see item $2.5$ )
1.9	Net profit (loss)	3,071	(19, 856)
	1.10 Net profit (loss) attributable to outside
	+ equity interests		(120)
1.11	Net profit (loss) for the period attributable to members	3,071	(19, 736)
	Non-owner transaction changes in equity
112	Increase (decrease) in revaluation reserves		۰
$1.\overline{13}$	Net exchange differences recognised in equity		$\blacksquare$
1.14	Other revenue, expense and initial adjustments recognised directly in equity (atrach details)
$1\overline{15}$	Initial adjustments from UIG transitional provisions
1.16	Total transactions and adjustments recognised directly in equity (items 1.12 to 1.15)
$\overline{117}$	Total changes in equity not resulting from transactions with owners as owners	3,071	(19, 736)

Condomind consolidated statement of fine antal annatamas na na

Earnings per security (EPS)	Current period	Previous corresponding Period
Basic EPS 1.18	0.01	(0.064)
Diluted EPS 1.19

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⁺ See chapter 19 for defined terms.

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Notes to the condensed consolidated statement of financial performance

Profit (loss) from ordinary activities attributable to members

		Current period SA'000	Previous corresponding period $-$ \$A'000
1.20	Profit (loss) from ordinary activities after $\mathfrak{m}$ x ( item 1.7)	3.071	(19, 856)
1.21	Less (plus) outside +equity interests		(120)
1.22	Profit (loss) from ordinary activities after tax, attributable to members	3.071	(19.736)

Revenue and expenses from ordinary activities

$\langle$ see note 15}

		Current period	Previous
		\$A'000	corresponding period
			$-$ \$A'000
	1.23 Revenue from sales or services	201	30,349
1 24	Interest revenue		13
1.25	Other relevant revenue Unrealised (loss)/gain CDD currency translation - Rental revenue	265	76 328
	- Other revenue	10
	- Proceeds on disposal of property, plant &		16
	equipment - Gain on deconsolidation	4,413	718
		4,889	31,500
	1.26 Details of relevant expenses - Changes in inventories of finished goods
	and work in progress - Raw materials and consumables used	810	1.949 33,445
	- Employee benefits expense	142	670
	- Depreciation and amortisation expense	277	687
	- Borrowing costs expense	187	819
	- Other expenses	402	13,784
		1,818	51,354
1.27	Depreciation and amortisation excluding amortisation of intangibles (see item 2.3)	277	603
	Capitalised outlays
	1.28 Interest costs capitalised in asset values
1.29	Outlays capitalised in intangibles (unless
	arising from an + acquisition of a business)
	J.WINWORD\AUDIT\Sww@1\spp4pdsc2002.doc

+See chapter 19 for defined terms.

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Half yearly/preliminary final report

1.35	Retained profits (accumulated losses) at end of financial period	(36, 830)	(27.014)
134	Dividends and other equity distributions paid or payable
1,33	Net effect of changes in accounting policies
1.32	Net transfers from (to) reserves (details if material)
1.31	Net profit (loss) attributable to members (item (1,11)	3.071	(19.736)
1.30	Retained profits (accumulated losses) at the beginning of the financial period	(39,901)	(7, 278)
		Current period - \$A'000	Previous corresponding period $-$ \$A'000

Consolidated retained profits

Intangible and extraordinary items

			Consolidated - current period
		Before tax SA'000 (a)	Related rax \$A'000 (b)	Related ourside $+$ equity interests SA'000 (c)	Amount (after tax) attributable to members SA'000 (d)
2.1	Amortisation of goodwill			$\blacksquare$
2.2	Amortisation of other intangibles			٠
2.3	Total amortisation of intangibles	ш		M.
2.4	Extraordinary items (details)
2.5	Total extraordinary items

Comparison of half year profits
(Preliminary final report only)

• Consolidated profit (loss) from ordinary $3.1$ activities after tax attributable to members reported for the 1st half year (item 1.22 in the half yearly report)
• Consolidated profit (loss) from ordinary $3.2$ activities after tax attributable to members for the 2nd half year

Cutrent year - \$A'000	Previous year - \$A'000
N/A	N/A
N/A	N/A

• See chapter 19 for defined terms.

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	Condensed consolidated statement	end of At	As shown in	As in last half
	of financial position	current period	last annual	yearly report SA'000
		SA'000	report \$A'000
	Current assets
4.1	Cash	1	146	1,203
4.2	Receivables	5	704	1,784
4,3	Investments			24
4,4	Inventories		1,096	4,709
4,5	Tax assets
4,6	Other (provide details if material)
4.7	Total current assets	6	1,946	7,720
	Non-current assets
4,8	Receivables
4,9	Investments (equity accounted)
4.10	Other investments			513
4.11	Inventories
4.12	Exploration and evaluation
	expenditure capitalised (see para .71
4.13	of AASB 1022)
	Development properties ( + mining entities)
4.14	Other property, plant and equipment
	(net)	20	11,806	19436
4.15	Intangibles (net)			2,996
4.16	Tax assets
4.17	Other (provide details if material)
4,18	Total non-current assets	20	11,806	22,945
4.19	Total assets	26	13,752	30,665
	Current liabilities
4.20	Payables	348	1.557	2,101
4.21	Interest bearing liabilities	30	10.900	12,732
4,22	Tax liabilities		654
4,23	Provisions exc. tax liabilities			٠
4.24	Other (provide details if material)			691
4.25	Total current liabilities	378	13,111	15,524
	Non-current liabilities
4.26	Payables
4.27	Interest bearing liabilities		5,768	6,459
4,28	Tax liabilities		100
4,29	Provisions exc. tax liabilities			u
$-30$	Other (provide details if material)			212
4.31	Total non-current liabilities		5,868	6,671

J.WANWORD\AUDIT\Sww@flapp4bdee2002.doc

• See chapter 19 for defined terms.

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Appendix 4B Half yearly/preliminary final report

4.32	Total liabilities	378	18,979	22,195
4.33	Net assets	(352)	(5,227)	8,470
	Equity
4.34	Capital/contributed equity	36,478	36,478	36,478
4.35	Reserves		(1,768)	(1,318)
4.36	Retained profits (accumulated losses)	(36.830)	(39,901)	(27, 014)
4.37	Equity attributable to members of the parent entity	(352)	(5, 191)	8,146
4.38	Outside + equity interests in controlled entities		(36)	324
4.39	Total equity	(352)	(5,227)	8,470
4,40	Preference capital included as part of 4.37

Condensed consolidated statement of financial position continued

Notes to the condensed consolidated statement of financial position

Exploration and evaluation expenditure capitalised
(To be completed only by entities with mining interests if emounts are malerial. Include all expenditure incurred.)

		Current period SA'000	Previous corresponding period - \$A'000
51	Opening balance
5.2	Expenditure incurred during current period	N/A	N/A
5.3	Expenditure written off during current period
5.4	Acquisitions, disposals, revaluation increments, etc.
5.5	Expenditure transferred to Development Properties
5.6	Closing balance as shown in the consolidated balance sheet (item 4.12)

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• See chapter 19 for defined terms.

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Development properties
(To be complated only by entities with mining interests if amounts are material)

		Current period \$A'000	Previous corresponding period - \$A'000
6.1	Opening balance
6.2	Expenditure incurred during current period
6.3	Expenditure transferred from exploration and evaluation
6.4	Expenditure written off during current period	N/A	N/A
6.5	Acquisitions, disposals, revaluation increments, etc.
6,6	Expenditure transferred to mine properties
6,7	Closing balance as shown in the consolidated balance sheet (item 4.13)

Condensed consolidated statement of cash flows

		Current period SA000	Previous corresponding period - \$A'000
	Cash flows related to operating activities
7,1	Receipts from customers	28	30,140
7.2	Payments to suppliers and employees	(157)	(30, 256)
7.3	Dividends received from associates	۰
7.4	Other dividends received	٠
7.5	Interest and other items of similar nature received	÷.	13
7.6	Interest and other costs of finance paid	$\blacksquare$	(819)
7.7	Income taxes paid	٠	(55)
7.8	Other (provide details if material)
7.9	Net operating cash flows	(129)	(977)

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⁺See chapter 19 for defined terms.

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Condensed consolidated statement of cash flows (Cont'd)

	Cash flows related to investing activities
7.10	Payment for purchases of property, plant and equipment		(54)
7.11	Proceeds from sale of property, plant and equipment		718
7.12	Payment for purchases of equity investments	٠
7.13	Proceeds from sale of equity investments
7.14	Loans to other entities	$\mathbf{r}$
7.15	Loans repaid by other entities	÷
7.16	Other (provide details if material)
	- Proceeds from deposit
	- Payment for subsidiary, net of cash acquired
7.17	Net investing cash flows		664

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	Cash flows related to financing activities
7.18	Proceeds from issues of + securities (shares, options, etc.)
7.19	Proceeds from borrowings	105	1,814
7,20	Repayment of borrowings	(6)	(2,278)
7.21	Dividends paid
7.22	Other (provide details if material)
	- Proceeds from repayment of borrowings
7.23	Net financing cash flows	99	(464)
7,24	Net increase (decrease) in cash held	(30)	(777)
7.25	Cash at beginning of period
	(see Reconciliation of cash)	(933)	(107)
7.26	Exchange rate adjustments to item 7.25.		2
	Cash relating to subsidiary no longer part of
	economic entity	964
7.27	Cash at end of period

Non-cash financing and investing activities

Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows are as follows. (If an amount is quantified, show comperative amount.)

• See chapter 19 for defined terms.

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Appendix 4B Half yearly/preliminary final report

Reconciliation of cash

Reconciliation of cash at the end of the period (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.		Current period SA'000	Previous corresponding period - \$A'000
8,1	Cash on hand and at bank		255
8.2	Deposits at call		948
8.3	Bank overdraft		(2,085)
8.4	Other (provide details)	$\blacksquare$
8.5	Total cash at end of period (item 7.27)		(882)

Other notes to the condensed financial statements

Ratios		Current period	Previous corresponding penod
9.1	Profit before tax / revenue Consolidated profit (loss) from ordinary activities before tax (item 1.5) as a percentage of revenue (item 1.1)	62.81%	(63.03%)
9.2	Profit after tax $/$ $+$ equity interests Consolidated net profit (loss) from ordinary activities after tax auributable to members (item 1.11) as a percentage of equity (similarly attributable) at the end of the period (item 4.37)	872.44%	(243.75%)

Earnings per security (EPS)

$10.$ Details of basic and diluted EPS reported separately in accordance with paragraph 9 and 18 of AASB 1027: Earnings Per Share are as follows.

NTA backing (see note 7)	Current period	Previous corresponding period
11.1 Net tangible asset backing per $^+$ ordinary security	(0.001)	0.018

LIWINWORDVAU01TGwvDTapp4bdcc2002.toc

⁺ See chapter 19 for defined terms.

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Appendix 4B Half yearly/preliminary final report

Discontinuing Operations

(Entities must report a description of any significant activities or events relating to discontinuing operations in accordance with paragraph 7.5 (g) of AASB 1029: Interim Financial Reporting, or, the details of discontinuing operations they have disclosed in their accounts in accordance with AASB 1042: Discontinuing Operations (see note 17).)

$12.1$ Discontinuing Operations

On 30 November 2002, the company disposed its investment in DP Computers Pte Ltd for \$1. The financial information relating to this investment is disclosed in the comparative information in the Statement of Financial Performance, Statement of Financial Position, Statement of Cashflows and Segment Information.

Control gained over entities having material effect

$N/A$

• 13.1 Name of entity (or group of enciries)
• 13.2 Consolidated profit (loss) from ordinary activities and extraordinary items after tax of the controlled entity (or group of entities) since the date in the current period on which control was ⁺acquired
• 13.3 Date from which such profit has been calculated
• 13.4 Profit (loss) from ordinary activities and extraordinary items after tax of the controlled entity (or group of entities) for the whole of the previous corresponding period

S
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Loss of control of entities having material effect

14.1 Name of entity (or group of entities)

DP Computers Pte Ltd

• 14.2 Consolidated profit (loss) from ordinary activities and extraordinary items after tax of the controlled entity (or group of entities) for the current period to the date of los. of control
• 14.3 Date to which the profit (loss) in item 14.2 has been calculated
• 14.4 Consolidated profit (loss) from ordinary activities and extraordinary items after tax of the controlled entity (or group of entities) while controlled during the whole of the previous corresponding period
• 14.5 Contribution to consolidated profit (loss) from ordinary activities and extraordinary items from sale of interest leading to loss of control

S	\$(1,089,219)
	30th November 2002
ċ	\$(19, 174, 544)
	\$1

• See chapter 19 for defined terms.

Annendiv 4R Page 10

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ASX PERTH

Dividends (in the case of a trust, distributions)

• 15.1 Date the dividend (distribution) is payable
• 15.2 +Record date to determine entitlements to the dividend (distribution) (ie, on the basis of proper instruments of transfer received by 5.00 pm if $\dagger$ securities are not +CHESS approved, or security holding balances established by 5.00 pm or such later time permitted by SCH Business Rules if +securities are +CHESS approved)
• 15.3 If it is a final dividend, has it been declared? (Preliminary final report only)

Amount per security

		Amount per security	Franked amount per security at % tax (see note	Amount per security of foreign source dividend
15.4	(Preliminary final report only) Final dividend: Current year	$-\varrho$	-е	-е
15.5	Previous year	-¢	-¢	-0
15.6	(Half yearly and preliminary final reports) Interim dividend: Current year	-¢	-¢	-c
15.7	Previous year	$-\theta$	- 0	-6

Total dividend (distribution) per security (interim plus final) (Preliminary final report only)

		Current year	Frevious year
	15.8 +Ordinary securities	-0.	-0.
15.9	Preference + securities	-0.	-0

$\frac{1}{2}$

J.WINWORDLAUDITISww.t01\ppp@ctcc2002.doc

$+$ See chapter 19 for defined terms.

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Half yearly report - interim dividend (distribution) on all securities or Preliminary final report - final dividend (distribution) on all securities

		Current period \$A'000	Previous corresponding period - SA'000
15.10	$+$ Ordinary securities (each class separately)
15.11	Preference + securities (each class separately)
15.12	Other equity instruments (each class separately)	п
15.13	Total

The ⁺dividend or distribution plans shown below are in operation.

The last date(s) for receipt of election notices for the ⁺dividend or distribution plans

Any other disclosures in relation to dividends (distributions). (For half yearly reports, provide details in accordance with paragraph 7.5(d) of AASB 1029 Interim Financial Reporting)

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Annendix AR Pana 12

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Appendix 4B Half yearly/preliminary final report

Details of aggregate share of profits (losses) of associates and joint venture entities

entities':	Group's share of associates' and joint venture	Current period \$A'000	Previous corresponding period - \$A'000
16.1	Profit (loss) from ordinary activities before tax
	16.2 Income tax on ordinary activities
	16.3 Profit (loss) from ordinary activities after tax
	16.4 Extraordinary items net of tax
	16.5 Net profit (loss)
16.6	Adjustments
16.7	Share of net profit (loss) of associates and joint venture entities

Material interests in entities which are not controlled entities

The economic entity has an interest (that is material to it) In the following entities, (if the interest was acquired or disposed of during either the current or previous corresponding period, indicate date of acquisition ("from dd/mm/yy") or disposal ("to dd/mm/yy").)

Name of entity		Percentage of ownership interest held at end of period or date of disposal		Contribution to net profit (loss) (item 1.9)
	17.1 Equity accounted associates and joint venture entities	Current period	Previous corresponding period	Current period \$A'000	Previous corresponding period - \$A'000
	17.2 Total				۰
	17.3 Other material interests
174	Total

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⁺ See chapter 19 for defined terms,

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Half yearly/preliminary final report

Issued and quoted securities at end of current period
(Description must include rate of interest and any redemption or conversion rights together with prices and dates)

				Issue price per	Amount paid up
	Category of + securities	Total number	Number quoted	security (see note 14) (cents)	per security (see note 14) (cents)
18,1	Prefe ren ce + securities (description)
18.2	Changes during current period (a) Increases through issues (b) Decreases through returns of capital, buybacks, redemptions
18.3	+ Ordinary securities	313,276,013	313,276,013
18.4	Changes during current period (a) Increases through issues (b) Decreases through returns of capital, buybacks
18.5	+ Convertible debt securities (description and conversion factor)			$\blacksquare$	$\blacksquare$
18.6	Changes during current period (a) Increases through issues (b) Decreases through securities mantred, converted	$\blacksquare$
18.7	Options (description and conversion factor)		٠	Exercise price	Expiry date $(f \, any)$
18.8	Issued during current period		۰
18.9	Exercised during current period	٠	$\blacksquare$
18.10	Expired during current period	138 232,500 13,500,000	138,232,500 13,500,000	0 20 0.12	31 12.02 31.12.02
18.11	Debentures (description)
13.12	Changes during current period (a) Increases through issues		×
	(b) Decreases through securities matured, converted
18.13	Unsecured notes (description)	-

JAWINWORDIAUDITSHWD1\app4adec2002.doc

• See chapter 19 for defined terms.

Appendix 4B Half yearly/preliminary final report

18.14	Changes during current period
	(a) Increases through issues
	(b) Decreases through securities matured. converted

Segment reporting

(Information on the business and geographical segments of the entity must be reported for the current period in accordance with AASB 1005: Segment Reporting and for half year reports, AASB 1029: Interim Financial Reporting. Because entities employ different structures a pro forma cannot be provided. Segment information in the layout employed in the entity's +accounts should be reported separately and attached to this report.)

Refer to attached

Comments by directors

(Comments on the following matters are required by ASX or, in relation to the half yearly report, by AASB 1029: Interim Financial Reporting. The comments do not lake the place of the directors' report and statement (as required by the Corporations Act) and may be incorporated into the directors' report and statement. For both half yearly and preliminary final reports, if there are no comments in a section, state NIL. If there is insufficient apace to comment, attach notes to this report.)

Basis of financial report preparation

• If this report is a half yearly report, it is a general purpose financial report prepared in accordance with the listing rules $19.1$ and AASB 1029: Interim Financial Reporting. It should be read in conjunction with the last "annual report and any announcements to the market made by the entity during the period. The financial statements in this report are "condensed financial statements" as defined in AASB 1029. Interim Financial Reporting. This report does not include all the notes of the type normally included in an annual financial report. [Delete if preliminary final report.]
• 19.2 Material factors affecting the revenues and expenses of the economic entity for the current period. In a half yearly report, provide explanatory comments about any seasonal or irregular factors affecting operations.

As a result of the sale of investments in subsidiaries including DP Computers Pte Ltd, a gain on deconsolidation was recognised of \$4,413,227

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19.3 A description of each event since the end of the current period which has had a material effect and which is not already reported elsewhere in this Appendix or in attachments, with financial effect quantified (if possible).

As announced to the market on 8 January 2003, the company completed its recapitalisation with the successful placement of 151,400,000 shares at 1 cent each to raise \$1,514,000 for working capital. The group will continue its core activities as a wholesaler/supplier of memory modules and computer components via a 100% controlled company, Eastern Prime Corporation Pte Ltd, based in Singapore.

19.4 Franking credits available and prospects for paying fully or partly franked dividends for at least the next year.

None

• 19.5 Unless disclosed below, the accounting policies, estimation methods and measurement bases used in this report are the same as those used in the last annual report. Any changes in accounting policies, estimation methods and measurement bases since the last annual report are disclosed as follows. (Disclose changes and differences in the half yearly report in accordance with AASB 1029; Interim Financial Reporting. Disclose changes in accounting policies in the preliminary final report in accordance with AASB 1001: Accounting Policies Disclosure).
• 19.6 Revisions in estimates of amounts reported in previous interim periods. For half yearly reports the nature and amount of revisions in estimates of amounts reported in previous +annual reports if those revisions have a material effect in this half year.

None

Changes in contingent liabilities or assets. For half yearly reports, changes in contingent liabilities and 19.7 contingent assets since the last ⁺ annual report.

No change from 30 June 2002.

JAWINWORDWUDTTSwwDTupp4bfac2002.doc

⁺ See chapter 19 for defined terms.

Δ

Appendix 4B Half yearly/preliminary final report

Additional disclosure for trusts

• $20.1$ Number of units held by the management N/A company or responsible entity or their related parties.
• $20.2$ A statement of the fees and commissions payable to the management company or responsible enery.

Identify:

• initial service charges $\blacksquare$
• management fees ٠
• other fees ă.

Annual meeting

(Preliminary final report only)

The annual meeting will be held as follows:

Place

Date

Time

Approximate date the *annual report will be available

N/A

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• See chapter 19 for defined terms.

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À

$\overline{a}$

$\mathbf{c}$

þ.

Compliance statement

This report has been prepared in accordance with AASB 1 Standards, other AASB authoritative pronouncements and Urgent Issues Group Consensus Views or other standards acceptable to ASX (see note $12.$

Identify other standards used

• $\overline{2}$ This report, and the raccounts upon which the report is based (if separate), use the same accounting policies.
• This report does/does-not* (delete one) give a true and fair view of the matters disclosed (see note 2). 3

$\overline{\mathbf{4}}$ This report is based on +accounts to which one of the following applies.

(Tick one)

The +accounts have been audited.	叼	The +accounts have been subject to review.
The taccounts are in the process of being audited or subject to review.	-11	The raccounts have not yet been audited or reviewed

• 5 If the audit report or review by the auditor is not attached, details of any qualifications are attached/will follow immediately they are available* (delete one). (Half yearly report only - the audit report or review by the auditor must be attached to this report if this report is to satisfy the requirements of the Corporations Act)
• 6 The entity has/does not have* (delete one) a formally constituted audit committee.

Sign here:

Date: $14/3/63$

(Director/Company Secretary)

Print name: Dr Boon Seng Tan

LWINWORDVALIDITYS/witi Napplides2002.itm

⁺See chapter 19 for defined terms.

$\hat{\mathbf{r}}$

$\bar{z}$

$\bar{\Gamma}$

$\bar{z}$

$\hat{z}$

÷.

$\hat{\mathbf{q}}$

Appendix 4B Half yearly/preliminary final report

Notes

• $1₁$ For announcement to the market. The percentage changes referred to in this section are the percentage changes calculated by comparing the current period's figures with those for the previous corresponding period. Do not show percentage changes if the change is from profit to loss or loss to profit, but still show whether the change was up or down. If changes in accounting policies or procedures have had a material effect on reported figures, do not show either directional or percentage changes in profits. Explain the reason for the omissions in the note at the end of the announcement section. Entities are encouraged to attach notes or fuller explanations of any significant changes to any of the items in page 1. The area at the end of the announcement section can be used to provide a cross reference to any such attachment.
• True and fair view if this report does not give a true and fair view of a matter (for example, because $\mathbf{2}$ compliance with an Accounting Standard Is required) the entity must attach a note providing additional information and explanations to give a true and fair view

$\mathbf{3}$ Condensed consolidated statement of financial performance

• item 1.1 The definition of "revenue" and an explanation of "ordinary activities" are set out in AASB 1004: Revenue, and AASB 1018: Statement of Financial Performance.
• Item $1.6$ This item refers to the total tax attributable to the amount shown in Item 1.5. Tax includes income tax and capital gains tax (if any) but excludes taxes treated as expenses from ordinary activities (eg. fringe benefits tax).
• 1. Income tax If the amount provided for income tax in this report differs (or would differ but for compensatory items) by more than 15% from the amount of income tax prima facie payable on the profit before tax, the entity must explain in a note the major items responsible for the difference and their amounts. The rate of tax applicable to the franking amount per dividend should be inserted in the heading for the column "Franked amount per security at % tax" for items 15.4 to 15.7.

5. Condensed consolidated statement of financial position

Format The format of the consolidated statement of financial position should be followed as closely as possible. However, additional items may be added if greater clarity of exposition will be achieved, provided the disclosure still meets the requirements of AASB 1029: Interim Financial Reporting, and AASB 1040. Statement of Financial Position. Also, banking institutions, trusts and financial institutions may substitute a clear liquidity ranking for the Current/Non-Current classification.

Basis of revaluation If there has been a material revaluation of non-current assets (including investments) since the last rannual report, the entity must describe the basis of revaluation adopted. The description must meet the requirements of AASB 1010: Accounting for the Revaluation of Non-Current Assets. If the entity has adopted a procedure of regular revaluation, the basis for which has been disclosed and has not changed, no additional disclosure is required.

1. Condensed consolidated statement of cash flows For definitions of "cash" and other terms used in this report see AASB 1026: Statement of Cash Flows. Entities should follow the form as closely as possible, but variations are permitted if the directors (in the case of a trust, the management company) believe that this presentation is inappropriate. However, the presentation adopted must meet the requirements of AASB 1026. ⁺Mining exploration entities may use the form of cash flow statement in Appendix 5B.

J:WINNORDAUDITSwwt01\app4bdbc2002.doc

⁺ See chapter 19 for defined terms.

$P.21/25$

• Net tangible asset backing Net tangible assets are determined by deducting from total tangible assets all $7₁$ claims on those assets ranking ahead of the ⁺ordinary securities (ie, all liabilities, preference shares, outside *equity interests etc). *Mining entities are not required to state a net tangible asset backing per ⁺ordinary security
• 1. Gain and loss of control over entities The gain or loss must be disclosed if it has a material effect on the raccounts. Details must include the contribution for each gain or loss that increased or decreased the entity's consolidated profit (loss) from ordinary activities and extraordinary items after tax by more than 5% compared to the previous corresponding period
• 1. Rounding of figures This report anticipates that the information required is given to the nearest \$1,000. If an entity reports exact figures, the \$A'000 headings must be amended. If an entity qualifies under ASIC Class Order 98/0100 dated 10 July 1998, it may report to the nearest million dollars, or to the nearest \$100,000, and the \$A'000 headings must be amended.
• $10₁$ Comparative figures Comparative figures are to be presented in accordance with AASB 1018 or AASB 1029 Interim Financial Reporting as appropriate and are the unadjusted figures from the latest annual or half year report as appropriate. However, if an adjustment has been made in accordance with an accounting standard or other reason or if there is a lack of comparability, a note explaining the position should be attached. For the statement of financial performance, AASB 1029 Interim Financial Reporting requires information on a year to date basis in addition to the current interim period. Normally an Appendix 4B to which AASB 1029 interim Financial Reporting applies would be for the half year and consequently the information in the current period is also the year to date. If an Appendix 4B Half yearly version is produced for an additional interim period (eq because of a change of reporting period), the entity must provide the year to date information and comparatives required by AASB 1029 Interim Financial Reporting. This should be in the form of a multi-column version of the consolidated statement of financial performance as an attachment to the additional Appendix 4B.
• 1. Additional Information An entity may disclose additional information about any matter, and must do so if the information is material to an understanding of the reports. The information may be an expansion of the material contained in this report, or contained in a note attached to the report. The requirement under the listing rules for an entity to complete this report does not prevent the entity issuing reports more frequently, Additional material lodged with the ⁺ASIC under the Corporations Act must also be given to ASX For example, a director's report and declaration, if lodged with the ⁺ASIC, must be given to ASX.
• $12.$ Accounting Standards ASX will accept, for example, the use of international Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if one exists) must be complied with.
• $13.$ Corporations Act financial statements This report may be able to be used by an entity required to comply with the Corporations Act as part of its half-year financial statements if prepared in accordance with Australian Accounting Standards.
• $14.$ Issued and quoted securities The issue price and amount paid up is not required in items 18.1 and 18.3 for fully paid securities.

JAWINWORD\AUDIT\Swwd1\sp4btec2002.doo

⁺ See chapter 19 for defined terms.

15 Details of expenses AASB 1018 requires disclosure of expenses from ordinary activities according to either their nature or function. For foreign entities, there are similar requirements in other accounting standards accepted by ASX. AASB ED 105 clarifies that the disclosures required by AASB 1018 must be either all according to nature or all according to function. Entities must disclose details of expenses using the layout (by nature or function) employed in their ⁺accounts.

The information in lines 1 23 to 1 27 may be provided in an attachment to Appendix 4B.

Relevant Items AASB 1018 requires the separate disclosure of specific revenues and expenses which are not extraordinary but which are of a size, nature or incidence that disclosure is relevant in explaining the financial performance of the reporting entity. The term "relevance" is defined in AASB 1018. There is an equivalent requirement in AASB 1029; Interim Financial Reporting. For foreign entities, there are similar requirements in other accounting standards accepted by ASX.

16 Dollars If reporting is not in AS, all references to \$A must be changed to the reporting currency If reporting is not in thousands of dollars, all references to "000" must be changed to the reporting value.

$17₁$ DISCONTINUING OPERATIONS

Half yearly report

All enfities must provide the information required in paragraph 12 for half years beginning on or after 1 July 2001.

Preliminary final report

Entities must either provide a description of any significant activities or events relating to discontinuing operations equivalent to that required by paragraph 7.5 (g) of AASB 1029: Interim Financial Reporting, or, the details of discontinuing operations they are required to disclose in their raccounts in accordance with AASB 1042 Discontinuing Operations.

In any case the information may be provided as an attachment to this Appendix 4B.

$18.$ Format

This form is a Word document but an entity can re-format the document into Excel or similar applications for submission to the Companies Announcements Office in ASX.

$\mathbf{f}$

J:\WINV\DRD\AUDIT\5=49Tepp4blcc2002.doc

⁺ See chapter 10 for defined terms.

RICHFIELD GROUP LIMITED ABN 66 009 144 503 DIRECTORS' REPORT

Your Directors present their report on the company and its controlled entities for the half-year ended 31 December 2002.

DIRECTORS

The names of directors who held office during or since the end of the half-year are:

Mr Steven Leigh Pynt Mr Jack Bai (appointed 10 January 2003) Dr Boon Seng Tan Mr Christopher Bai Mr Chak Chew Tan (appointed 19 November 2002) Ms Jennifer Poh Choo Lim (appointed 19 November 2002) Mr Kevin Ho Keng Leng (appointed 19 November 2002)

OPERATING RESULTS

The consolidated profit/(loss) of the consolidated entity after providing for income tax and eliminating outside coulty interests amounted to \$3,071,447 (2001; (\$19,735,858)).

REVIEW OF OPERATIONS

As approved at the Annual General Meeting, the company changed its name from Worldwide Technology Group Limited to Richfield Group Limited.

During the period, the company disposed of its investments in its subsidiaries, including DP Computers Pte Ltd, and the computer related business activities will now be conducted in Singapore through a 100% controlled entity, Eastern Prime Corporation Pte Ltd.

On 8^th January 2003, the company also completed its recapitalisation with the successful placement of 151,400,000 shares at 1 cent each to raise \$1,514,000 for working capital.

Signed in accordance with a resolution of Board of Directors.

DR BOON SENG TAN DIRECTOR

DATED at PERTH this 14^th day of March 2003

JAWINWORDALIDITSww1012003\0007.dog

$|$

RICHFIELD GROUP LIMITED ABN 66 009 144 503 DIRECTORS' DECLARATION

The directors of the company declare that:

• $1.$ The financial report in the form of the Appendix 4B of the Australian Stock Exchange Listing Rules, as set out on pages 1 to 18:
• comply with Accounting Standard AASB 1029: Interim Financial Reporting and $(a)$ the Corporations Regulations 2001; and
• give a true and fair view of the consolidated entity's financial position as at 31 $(b)$ December 2002 and of its performance for the half-year ended on that date.
• $2₁$ In the directors' opinion there are reasonable grounds to believe that the company will be able to pay its debts as and when they become due and payable.

This declaration is made in accordance with a resolution of the Board of Directors.

Mr

DR BOON SENC TAN Director

DATED at PERTH this 14^th day of March 2003

J:\WINWORD\AUDIT\$wwt0|\2003\0007.doc

INDEPENDENT REVIEW REPORT TO THE MEMBERS OF RICHFIELD GROUP LIMITED

SCOPE

We have reviewed the financial report of Richfield Group Limited in the form of Appendix 4B of the Australian Stock Exchange (ASX) Listing Rules, as set out on pages 1 to 18 and the attached Directors Declaration for the half-year ended 31 December The financial report includes the consolidated financial statements of the 2002. consolidated entity comprising the company and the entities it controlled at the end of the half-year or from time to time during the half-year. The company's directors are responsible for the financial report. We have performed an independent review of the financial report in order to state whether, on the basis of the procedures described, anything has come to our attention that would indicate that the financial report is not presented fairly in accordance with Accounting Standard AASB 1029; Interim Financial Reporting and other mandatory professional reporting requirements and statutory requirements in Australia, statutory requirements and ASX Listing Rules as they relate to Appendix 4B, so as to present a view which is consistent with our understanding of the consolidated entity's financial position, and performance as represented by the result of its operations and its cash flows, and in order for the consolidated entity to lodge the financial report with the Australian Securities and Investments Commission and the ASX.

Our review has been conducted in accordance with Australian Auditing Standards applicable to review engagements. A review is limited primarily to inquiries of company personnel and analytical procedures applied to the financial data. These procedures do not provide all the evidence that would be required in an audit, thus the level of assurance provided is less than given in an audit. We have not performed an audit and, accordingly, we do not express an audit opinion.

REVIEW STATEMENT

Based on our review, which is not an audit, we have not become aware of any matter that makes us believe that the half-year financial report of Richfield Group Limited is not in accordance with:

• (a) the Corporations Act 2001, including:
• giving a true and fair view of the consolidated entity's financial position at $(i)$ 31 December 2002 and of its performance for the half-year ended on that date; and
• (ii) complying with Accounting Standard AASB 1029: Interim Financial Reporting and the Corporations Regulations 2001; and

MAURICE ANGHIE

Partner

(b) other mandatory professional reporting requirements in Australia and ASX Listing Rules as they relate to Appendix 4B.

Hall Chadrile

HALL CHADWICK Chartered Accountants

DATED at PERTH this 14th day of March 2003

JAWINWORD\AIJDIT\Sww01\2003\0008.dec

Level 40 DankWest Tower
106 St George's Tengde
Perth 6000 Western Australia

GPO Best V2106
PENTH VA 6846

Telephone: (05) 9320 2558
Facsimile: (05) 9320 2999
Émail: hæerinfo@hall chartwick.com.ou www.holichodwick.com.ou

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