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ORION EQUITIES LIMITED Net Asset Value 2004
65486_rns_2004-07-08_beedf9cc-e7b9-47c5-afb4-1b1dc911b342.pdf
Net Asset Value
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Thursday, 8 July 2004
MARKET ANNOUNCEMENT
Net Tangible Asset Backing - 30 June 2004
| Net Tangible Asset Backing per Ordinary Share | |
|---|---|
| Month ending: | 30 June 2004 |
| Net tangible assets (before tax on unrealised gains) | \$18,136,644 |
| Less: Potential tax liabilities on unrealised gains | ( \$12,036) |
| Net tangible assets (after tax on unrealised gains) | \$18,124,608 |
| Total issued share capital | 17,219,996 |
| Net tangible asset backing per share | \$1.05 |
Notes:
$(1)$ The net tangible assets are net of the dividends payable on 9 July 2004 of \$860,999.80.
Such dividends are payable at 5 cents per share. For income tax purposes this dividend is only 60% franked. The franking credit/imputation credit has been calculated at the rate of 30%. Shareholders entitled to receive this dividend are those registered as at the record date of 6 July 2004 - this includes applicants under the recent Prospectus offer which closed on 28 June 2004.
The Company's investments are valued at net realisable market value. Net asset $(2)$ backing figures are reported net of the potential tax liabilities on unrealised gains on investments.
Further information:
Victor Ho Company Secretary $T$ | +61 8 9214 9797 E | [email protected]
www.centralexchange.com.au CENTRAL EXCHANGE LIMITED Level 14, 221 St Georges Terrace, Perth WA 6000 $T$ | + 61 (8) 9214 9797 $F$ | + 61 (8) 9322 1515
A.B.N. 77 000 742 843