HARRIS TECHNOLOGY GROUP LIMITED — Interim / Quarterly Report 2003

May 13, 2003

THE SWISH GROUP LIMITED PRO FORMA CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2003

	31 March 2003	Pro forma (see notes)
	5'000	\$'000
Current assets
Cash assets	781	656
Receivables	570	149
Inventories	70	٥
Other current assets	9	э
Total current assets	1,430	814
Non-current assets
Plant and equipment	97B	11
Total non-current assets	978	11
Total assets	2408	825
Current Itabilities
Accounts payable	2,809	140
Interest-bearing liabilities	488	0
Provisions	355	٥
Loans from Directors	51	51
Current tax liability	43	48
Total current liabilities	3,751	248
Non-current llabilities
Interest-bearing liabilities	186	o
Total non-current liabilities	186	Q
Total liabilities	3,937	248
Net assets/(liabilities)	(1,529)	577
Equity
Issued capital	9,756	10,296
Accumulated losses	(11, 285)	(9,719)
Total equity	(1.529)	577

Note. The above pro forma consolidated statement of financial position shows the assets and liabilities of the Company as at 31 March 2003 and the pro forma effect of:

• 1. The assumption of assets and liabilities by the Administrators assuming the conditions in the Deed of Company Arrangements are satisfied.
• 1. The \$500,000 convertible note to be provided by Media Entertainment is fully drawn and converted into equity.

$\sim 10^{-1}$