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TZ LIMITED — Annual Report 2011
Aug 31, 2011
65975_rns_2011-08-31_1e3046b8-55e1-456c-9578-69dfea10fc3a.pdf
Annual Report
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TZ Limited ABN 26 073 979 272
31 August 2011
Lodged by ASX Online
The Manager Company Announcement O ffice ASX Ltd. Level 4, 20 Bridge Street Sydney, NSW 2000
Dear Sir/Madam
PRELIMINARY FINAL REPORT
Please find attached the un a udited ASX Appendix 4E - Preliminary Fin a l Report for TZ Limited for the year e nded 30 June 2011.
Yours faithfully, TZ LIMITED
==> picture [157 x 53] intentionally omitted <==
==> picture [10 x 53] intentionally omitted <==
Mark Bouris Chairman
Sydney (Registered Office)
Chicago (Operational Headquarters)
ASX: TZL
Page 1 of 3
TZ Limited Preliminary final report
APPENDIX 4E PRELIMINARY FINAL REPORT
1. Company details Name of entity: ABN: Reporting period: Previous corresponding period:
TZ Limited
26 073 979 272 Year ended 30 June 2011 Year ended 30 June 2010
2. Results for announcement to the market
| Revenues from ordinary activities | up | 33.0% | to | $ 23,535,000 |
|---|---|---|---|---|
| Loss from ordinary activities after tax attributable to the owners of TZ | ||||
| Limited | down | 72.8% | to | $(7,174,000) |
| Loss for the period attributable to the owners of TZ Limited | down | 72.8% | to | $(7,174,000) |
Dividends
There were no dividends paid or declared during the current financial period.
Comments
The loss for the consolidated entity after providing for income tax amounted to $7,174,000 (30 June 2010: $26,347,000).
See ASX announcement for further commentary.
3. NTA backing
Reporting period Previous corresponding period Net tangible asset backing per ordinary security (5.69) cents (31.31) cents
4. Control gained over entities
Name of entities (or group of entities)
TZI Australia Pty Limited
Date control gained 29 April 2011
Contribution of such entities to the reporting entity's profit/(loss) from ordinary activities during the period (where material)
$(59,186)
Profit/(loss) from ordinary activities after tax of the controlled entity (or group of entities) for the whole of the previous corresponding period (where material) $ -
Page 2 of 3
TZ Limited Preliminary final report
5. Loss of control over entities
Name of entities (or group of entities)
Not applicable.
Date control lost
Contribution of such entities to the reporting entity's profit/(loss) from ordinary activities during the period (where material) $ - Profit/(loss) from ordinary activities after tax of the controlled entity (or group of entities) whilst controlled during the whole of the previous corresponding period (where material) $ -
6. Dividends
Current period
There were no dividends paid or declared during the current financial period.
Previous corresponding period
There were no dividends paid or declared during the previous financial period.
7. Dividend reinvestment plans
The following dividend or distribution plans are in operation:
Not applicable.
The last date(s) for receipt of election notices for the dividend or distribution plans: Not applicable.
8. Details of associates and joint venture entities
| Reporting entity's | Reporting entity's | Contribution | to profit/(loss) | |
|---|---|---|---|---|
| percentage holding | (where material) | |||
| Previous | Previous | |||
| corresponding | corresponding | |||
| Name of associate / joint venture | Current period | period | Current period | period |
| Intanova Pty Limited - Joint venture | 50.00% | 0.00% | $(204,070) | $ - |
| Group's aggregate share of associates and joint | ||||
| venture entities' profit/(loss) (where material) | ||||
| Profit(loss) from ordinary activities before income tax | $(204,070) | $ - | ||
| Income tax on operating activities | $ - | $ - |
Page 3 of 3
TZ Limited Preliminary final report
9. Foreign entities
Details of origin of accounting standards used in compiling the report:
Not applicable.
10. Audit qualification or review
Details of audit/review dispute or qualification (if any):
The accounts are currently in the process of being audited.
11. Attachments
Details of attachments (if any):
Preliminary annual report
12. Signed
Signed: ________
Date: 31 August 2011
Mark Bouris Director Sydney
TZ Limited ABN 26 073 979 272
Preliminary Annual Report - 30 June 2011
TZ Limited Statement of comprehensive income For the year ended 30 June 2011
| Note 1 2 3 3 11 11 Other comprehensive income Loss after income tax (expense)/benefit for the year attributable to the owners of TZ Limited Income tax (expense)/benefit Other income Revenue Depreciation and amortisation expense Travel and accommodation expense Communications expense Development costs Net loss on movement in fair value of derivative liabilities Net loss on conversion of convertible notes Finance costs Other expenses Expenses Raw materials and consumables used Employee benefits expense Professional and corporate services Occupancy expense Loss before income tax (expense)/benefit Diluted earnings per share Basic earnings per share Other comprehensive income for the year, net of tax Total comprehensive income for the year attributable to the owners of TZ Limited Foreign currency translation |
2011 2010 $'000 $'000 23,535 17,696 6,800 1,108 (9,179) (5,552) (14,662) (12,139) (767) (934) (1,856) (2,228) (349) (247) (3,210) (4,894) (1,504) (971) (904) (114) - (6,158) - (5,627) (871) (1,446) (4,098) (5,006) (7,065) (26,512) (109) 165 (7,174) (26,347) (5,671) (1,706) (5,671) (1,706) (12,845) (28,053) Cents Cents (7.47) (49.46) (7.47) (49.46) Consolidated (unaudited) |
2011 2010 $'000 $'000 23,535 17,696 6,800 1,108 (9,179) (5,552) (14,662) (12,139) (767) (934) (1,856) (2,228) (349) (247) (3,210) (4,894) (1,504) (971) (904) (114) - (6,158) - (5,627) (871) (1,446) (4,098) (5,006) (7,065) (26,512) (109) 165 (7,174) (26,347) (5,671) (1,706) (5,671) (1,706) (12,845) (28,053) Cents Cents (7.47) (49.46) (7.47) (49.46) Consolidated (unaudited) |
|---|---|---|
| (7,065) (109) |
(26,512) 165 |
|
| (7,174) (5,671) |
(26,347) (1,706) |
|
| (5,671) | (1,706) | |
| (12,845) | (28,053) | |
| Cents (7.47) (7.47) |
Cents (49.46) (49.46) |
The above statement of comprehensive income should be read in conjunction with the accompanying notes
1
TZ Limited Statement of financial position As at 30 June 2011
| Note 4 5 Reserves Property, plant and equipment Other contributed equity Intangibles Total liabilities Liabilities Other Total non-current assets Current assets Assets Cash and cash equivalents Other Accumulated losses Trade and other receivables Inventories Deferred tax Total current liabilities Current liabilities Non-current assets Total current assets Investments accounted for using the equity method Investment in short term deposit Total equity Total non-current liabilities Net assets Other Deferred tax Borrowings Trade and other payables Borrowings Provisions Total assets Contributed equity Equity Non-current liabilities |
2011 2010 $'000 $'000 1,146 232 4,823 4,881 331 167 5,500 - 63 - 11,863 5,280 172 - 1,884 1,976 19,747 24,545 751 635 22,554 27,156 34,417 32,436 4,648 5,239 729 6,665 116 87 89 - 5,582 11,991 14,617 14,213 945 829 507 533 16,069 15,575 21,651 27,566 12,766 4,870 149,113 125,907 - 4,768 (6,378) (707) (129,969) (125,098) 12,766 4,870 Consolidated (unaudited) |
2011 2010 $'000 $'000 1,146 232 4,823 4,881 331 167 5,500 - 63 - 11,863 5,280 172 - 1,884 1,976 19,747 24,545 751 635 22,554 27,156 34,417 32,436 4,648 5,239 729 6,665 116 87 89 - 5,582 11,991 14,617 14,213 945 829 507 533 16,069 15,575 21,651 27,566 12,766 4,870 149,113 125,907 - 4,768 (6,378) (707) (129,969) (125,098) 12,766 4,870 Consolidated (unaudited) |
|---|---|---|
| 11,863 | 5,280 | |
| 172 1,884 19,747 751 |
- 1,976 24,545 635 |
|
| 22,554 | 27,156 | |
| 34,417 | 32,436 | |
| 4,648 729 116 89 |
5,239 6,665 87 - |
|
| 5,582 | 11,991 | |
| 14,617 945 507 |
14,213 829 533 |
|
| 16,069 | 15,575 | |
| 21,651 | 27,566 | |
| 12,766 | 4,870 | |
| 149,113 - (6,378) (129,969) |
125,907 4,768 (707) (125,098) |
|
| 12,766 | 4,870 |
The above statement of financial position should be read in conjunction with the accompanying notes
2
TZ Limited
Statement of changes in equity
For the year ended 30 June 2011
| $'000 - - - - $'000 - - - - Transactions with owners in their capacity as owners: Balance at 30 June 2011 Conversion for equity Contributions of equity Less: transaction costs on shares issued Share-based payments Other comprehensive income for the year, net of tax Loss after income tax (expense)/benefit for the year Total comprehensive income for the year Balance at 1 July 2010 Other comprehensive income for the year, net of tax Loss after income tax (expense)/benefit for the year Shares issued to extinguish liabilities Total comprehensive income for the year Contributions of equity, net of transaction costs Conversion of convertible notes Share-based payments Balance at 30 June 2010 Consolidated (unaudited) Contributed Transactions with owners in their capacity as owners: equity Consolidated (unaudited) Balance at 1 July 2009 |
$'000 114,727 - - equity Contributed |
$'000 - - - Other contributed equity |
$'000 999 (1,706) - Reserves |
Total equity $'000 $'000 (101,093) 14,633 - (1,706) (26,347) (26,347) (26,347) (28,053) - 1,100 2,342 2,342 - 10,080 - 4,768 (125,098) 4,870 Total equity $'000 $'000 (125,098) 4,870 - (5,671) (7,174) (7,174) (7,174) (12,845) 2,303 2,303 - 19,043 - (605) - - (129,969) 12,766 losses Accumulated Accumulated losses |
Total equity $'000 $'000 (101,093) 14,633 - (1,706) (26,347) (26,347) (26,347) (28,053) - 1,100 2,342 2,342 - 10,080 - 4,768 (125,098) 4,870 Total equity $'000 $'000 (125,098) 4,870 - (5,671) (7,174) (7,174) (7,174) (12,845) 2,303 2,303 - 19,043 - (605) - - (129,969) 12,766 losses Accumulated Accumulated losses |
|---|---|---|---|---|---|
| - 1,100 - 10,080 - |
- - - - 4,768 |
(1,706) - - - - |
(26,347) - 2,342 - - |
(28,053) 1,100 2,342 10,080 4,768 |
|
| 125,907 | 4,768 | (707) | (125,098) | 4,870 | |
| $'000 125,907 - - Contributed equity |
$'000 4,768 - - equity Other contributed |
$'000 (707) (5,671) - Reserves |
|||
| - - 19,043 (605) 4,768 |
- - - - (4,768) |
(5,671) - - - - |
(7,174) 2,303 - - - |
(12,845) 2,303 19,043 (605) - |
|
| 149,113 | - | (6,378) | (129,969) | 12,766 |
The above statement of changes in equity should be read in conjunction with the accompanying notes
3
TZ Limited Statement of cash flows
For the year ended 30 June 2011
| Note 10 5 4 Effects of exchange rate changes on cash Proceeds from borrowings Proceeds from convertible note issued Income taxes refunded Cash flows from operating activities Receipts from customers (inclusive of GST) Interest received Investment in short term deposits Payments to suppliers and employees (inclusive of GST) Interest and other finance costs paid Net cash used in operating activities Other revenue Cash and cash equivalents at the beginning of the financial year Cash and cash equivalents at the end of the financial year Cash flows from investing activities Net cash from financing activities Proceeds from sale of property, plant and equipment Transaction costs on shares issued Payments for new joint venture capital invested Payments for property, plant and equipment Income taxes paid Payments for intangibles Repayment of borrowings Proceeds from issue of shares Net increase/(decrease) in cash and cash equivalents Cash flows from financing activities Net cash used in investing activities |
2011 2010 $'000 $'000 21,303 16,465 (29,212) (20,865) (7,909) (4,400) 264 63 514 - (61) (27) - 12 (71) - (7,263) (4,352) (172) - (946) (256) (577) (1,577) (5,500) - 8 3 (7,187) (1,830) 14,038 50 (1,837) - 4,596 6,441 1,026 221 (1,400) (680) 16,423 6,032 1,973 (150) 232 566 (1,059) (184) 1,146 232 Consolidated (unaudited) |
2011 2010 $'000 $'000 21,303 16,465 (29,212) (20,865) (7,909) (4,400) 264 63 514 - (61) (27) - 12 (71) - (7,263) (4,352) (172) - (946) (256) (577) (1,577) (5,500) - 8 3 (7,187) (1,830) 14,038 50 (1,837) - 4,596 6,441 1,026 221 (1,400) (680) 16,423 6,032 1,973 (150) 232 566 (1,059) (184) 1,146 232 Consolidated (unaudited) |
|---|---|---|
| (7,909) 264 514 (61) - (71) |
(4,400) 63 - (27) 12 - |
|
| (7,263) | (4,352) | |
| (172) (946) (577) (5,500) 8 |
- (256) (1,577) - 3 |
|
| (7,187) | (1,830) | |
| 14,038 (1,837) 4,596 1,026 (1,400) |
50 - 6,441 221 (680) |
|
| 16,423 | 6,032 | |
| 1,973 232 (1,059) |
(150) 566 (184) |
|
| 1,146 | 232 |
The above statement of cash flows should be read in conjunction with the accompanying notes
4
TZ Limited Notes to the financial statements 30 June 2011
Note 1. Revenue
| - - - - Royalty Interest Sale of goods and services Other revenue Revenue Sales revenue Other revenue |
2011 2010 $'000 $'000 22,472 17,308 264 20 89 308 710 60 1,063 388 23,535 17,696 Consolidated (unaudited) |
2011 2010 $'000 $'000 22,472 17,308 264 20 89 308 710 60 1,063 388 23,535 17,696 Consolidated (unaudited) |
|---|---|---|
| 264 89 710 |
20 308 60 |
|
| 1,063 | 388 | |
| 23,535 | 17,696 |
Note 2. Other income
| - - - - - - Loss before income tax includes the following specific expenses: Other income Net gain on movement in fair value of derivative liabilities Leasehold improvements Total depreciation Other intangible assets Motor vehicles Net gain on disposal of property, plant and equipment Net gain on issue of shares to extinguish liabilities Office equipment Total depreciation and amortisation Depreciation Note 3. Expenses Amortisation Plant and equipment |
2011 2010 $'000 $'000 3 - 190 1,108 6,607 - 6,800 1,108 2011 2010 $'000 $'000 147 380 219 317 - 5 291 285 657 987 1,199 1,241 1,856 2,228 Consolidated (unaudited) Consolidated (unaudited) |
2011 2010 $'000 $'000 3 - 190 1,108 6,607 - 6,800 1,108 2011 2010 $'000 $'000 147 380 219 317 - 5 291 285 657 987 1,199 1,241 1,856 2,228 Consolidated (unaudited) Consolidated (unaudited) |
|---|---|---|
| 657 | 987 | |
| 1,199 | 1,241 | |
| 1,856 | 2,228 |
5
TZ Limited Notes to the financial statements 30 June 2011
Note 3. Expenses (continued)
| - - Net loss on disposal Net foreign exchange loss Subcontractors Direct material Defined contribution superannuation expense Share-based payments expense Net loss on disposal of property, plant and equipment Interest and finance charges paid/payable Cost of sales Net foreign exchange loss Finance costs Superannuation expense Other cost of sales Total cost of sales Company overheads Direct employment related expenses Share-based payments expense |
2011 2010 $'000 $'000 1,068 815 6,831 5,581 7,635 4,577 467 457 476 160 16,477 11,590 4,098 5,006 366 17 - 157 15 10 2,303 2,342 Consolidated (unaudited) |
2011 2010 $'000 $'000 1,068 815 6,831 5,581 7,635 4,577 467 457 476 160 16,477 11,590 4,098 5,006 366 17 - 157 15 10 2,303 2,342 Consolidated (unaudited) |
|---|---|---|
| 16,477 | 11,590 | |
| 4,098 | 5,006 | |
| 366 | 17 | |
| - | 157 | |
| 15 | 10 | |
| 2,303 | 2,342 |
Note 4. Current assets - cash and cash equivalents
| Note 5. Equity - contributed Cash at bank Ordinary shares - fully paid |
2011 2010 Shares Shares �����������62,848,373 Consolidated (unaudited) |
2011 2010 $'000 $'000 1,146 232 2011 2010 $'000 $'000 149,113 125,907 Consolidated (unaudited) Consolidated (unaudited) |
|---|---|---|
6
TZ Limited Notes to the financial statements 30 June 2011
Note 5. Equity - contributed (continued)
Movements in ordinary share capital
| 21 December 2010 25 November 2010 14 April 2011 Issue of shares 20 November 2010 22 July 2010 Date Issue of shares 30 June 2011 Issue of shares Issue of shares Balance Issue of shares on conversion of convertible note Issue of shares on conversion of convertible note 19 July 2010 Issue of shares Issue of shares on exercise of rights 11 October 2010 Issue of shares 1 July 2009 15 July 2010 7 January 2010 Balance Less: difference between fair value and issue price 26 March 2010 30 June 2010 Less: share issue costs Issue of shares on conversion of convertible notes Issue of shares on conversion of convertible note 30 June 2010 Details 24 May 2011 Balance Issue of shares 1 July 2010 Issue of shares |
No of shares Issue price $'000 49,479,325 114,727 1,250,000 $0.84 1,050 12,000,000 $0.84 10,080 119,048 $0.42 50 62,848,373 125,907 357,144 $0.42 150 10,000,924 $0.42 4,200 1,480,000 $0.00 - 228,836 $0.42 96 1,198,196 $1.00 1,198 8,091,446 $0.35 2,832 2,048,431 $0.39 802 28,069,319 $0.35 9,824 3,795,121 $0.35 1,328 4,613,333 $1.00 4,613 (605) (1,232) ������������49,113 |
$'000 114,727 1,050 10,080 50 |
|---|---|---|
| 125,907 150 4,200 - 96 1,198 2,832 802 9,824 1,328 4,613 (605) (1,232) |
Ordinary shares
Ordinary shares entitle the holder to participate in dividends and the proceeds on the winding up of the company in proportion to the number of and amounts paid on the shares held. The fully paid ordinary shares have no par value.
On a show of hands every member present at a meeting in person or by proxy shall have one vote and upon a poll each share shall have one vote.
Share buy-back
There is no current on-market share buy-back.
Note 6. Equity - dividends
There were no dividends paid or declared during the current or previous financial year.
7
TZ Limited Notes to the financial statements 30 June 2011
Note 7. Contingent assets
| Litigation proceedings - Australia | 2011 2010 $'000 $'000 - 14,056 Consolidated (unaudited) |
|---|---|
A hearing was scheduled in the Supreme Court of New South Wales for 5 September 2011. The consolidated entity was seeking to recover $13,230,536 loans to and receivables from directors and related entities, plus costs to 30 June 2010 of $826,407. Settlement has been reached with the defendants during the period, and the hearing will not be proceeding at this time.
Note 8. Contingent liabilities
A Sigalla Claim
A claim was received during the 2010 financial year by the consolidated entity from former director Andrew Sigalla in the amount of A$1,160,000 plus health care and related Visa costs which Mr Sigalla claims is owing to him and ZMS Investments Pty Limited. The claim is made in respect of Mr Sigalla's resignation as an employee in June 2009. As part of a settlement deed entered with Mr Sigalla on 17 August 2011, Mr Sigalla has abandoned this claim.
Bombard Technologies Inc. claim
Product Development Technologies Inc ('PDT') had commenced recovery action against Bombard Technologies Inc (Bombard) for unpaid work owing. Bombard filed a counterclaim for damages of USD$1,300,000 claiming that PDT had failed to meet specifications required by Bombard for the development of a recreational watercraft. The counterclaim was subsequently refiled and a settlement was reached during the pre-trial mediation process. PDT settled for USD$85,000, and this expense was accrued in the consolidated statement of financial position at 31 December 2010, and paid during January 2011.
Security Deposit Claim against First National Bank of Joliet
PDT Holdings Inc ('PDTH') sued the First National Bank of Joliet for collection of its security deposit in the amount of USD$44,566, plus costs of this suit. PDTH alleged breach of contract, conversion, unjust enrichment, and the IL Interest Act. This suit came after much negotiation regarding the security deposit. During the pre-trial conference PDTH were unable to provide sufficient evidence that they had paid the real estate taxes that were the premise of the claim. A global ‘walk away’ was agreed, with both parties dismissing their claims.
Participation in joint venture – Intanova Pty Limited
Telezygology, Inc ('TZI') has an option to subscribe for a further 500,000 shares in Intanova Pty Limited at a price of $0.80 under the shareholders agreement between TZI, TZ Limited ('TZL'), Interco Pty Limited ('Interco') and Yatabi Australia Pty Limited ('Yatabi'). If TZI elects not to exercise the option this is a reversionary event under clause 19.3(v) entitling Yatabi and/or Interco to serve a Reversionary Notice on TZI. Until such time as a Reversionary Notice is served, the status quo shall continue unaltered. If a Reversionary Notice is served, and provided that such notice is not subsequently overturned in accordance with the procedures set out in clause 19.3(b) to (d), then TZI must pay $81,658 to each of Interco and Yatabi and must transfer all of its shares in Interco to Yatabi and Interco for $1.00.
8
TZ Limited Notes to the financial statements 30 June 2011
Note 9. Events occurring after the reporting date
Settlement of dispute with former director and related parties
The company entered into a deed of settlement with Andrew Sigalla and persons and entities associated with him, including ZMS Investments Pty Limited (Receivers and Managers Appointed) (In Liquidation) ('ZMS') and BZI Pty Limited ('BZI'), to settle all legal proceedings between the parties (the 'Proceedings'), the hearing for which was due to commence in the Supreme Court of New South Wales on 5 September 2011.
The deed of settlement was conditional on formal court orders being entered by the Supreme Court of New South Wales to discontinue the Proceedings on a without prejudice basis and on the removal of ASIC's freezing orders against Mr Andrew Sigalla and BZI. These conditions were satisfied on 23 August 2011.
Under the terms of the deed of settlement, the company has agreed to accept a sum of money in full and final settlement of all claims that the company was alleging against Mr Sigalla, ZMS and BZI. The company and its related corporations have released Mr Sigalla, ZMS and BZI from all claims that the company and its related corporations were alleging in the Proceedings. Mr Sigalla has also released the company and its related corporations from all claims he was alleging in the Proceedings.
It has been represented to the company that the settlement moneys to be paid to the company are to come from a third party and not from either Mr Sigalla, ZMS or BZI. The company had sought the consent of the trustee in bankruptcy to Mr Sigalla’s bankrupt estate to the terms of the deed of settlement and the trustee's agreement that the bankrupt estate will have no claim to any of the settlement moneys to be paid to the company. The company was unable to obtain that consent or agreement from the trustee in bankruptcy to Mr Sigalla's bankrupt estate.
The settlement was reached on the basis that there were no admissions of liability made by any party to the proceedings.
Exercise of Directors Rights - Tranche II
A total of 1,400,000 rights were exercised by the Directors, and 1,400,000 ordinary fully paid shares were issued in August 2011. The rights were originally issued on 7 July 2010 under the Director and Executive Equity Plan, and vested on 30 June 2011. The issue was approved by shareholders at the company's Annual General Meeting for the financial year ended 30 June 2009 that was held on 26 February 2010.
Participation in Joint Venture - Intanova Pty Limited
The company has an option to purchase 500,000 additional shares in Intanova Pty Limited. This option was exercisable between 1 February 2011 and 15 March 2011. The option was not exercised, however, the shareholders of Intanova Pty Limited have been in negotiations regarding numerous terms of the original shareholders agreement, including an extension of the option exercise period until 31 December 2011. At the date of this report the new agreement had not been finalised.
No other matter or circumstance has arisen since 30 June 2011 that has significantly affected, or may significantly affect the consolidated entity's operations, the results of those operations, or the consolidated entity's state of affairs in future financial years.
9
TZ Limited Notes to the financial statements 30 June 2011
Note 10. Reconciliation of loss after income tax to net cash used in operating activities
| - - - - Change in operating assets and liabilities: Decrease in derivative liabilities Depreciation and amortisation Foreign exchange differences Net fair value loss/(gain) of derivative liability Increase in deferred tax assets (Increase)/decrease in inventories Increase in other operating liabilities Increase in deferred tax liabilities Share-based payments Net fair value loss on convertible notes (Increase)/decrease in trade and other receivables Increase in trade and other payables Adjustments for: Interest accrued on convertible notes Increase/(decrease) in employee benefits Gain on settlement of debt for equity swap Loss after income tax (expense)/benefit for the year Net cash used in operating activities Decrease in prepayments Basic earnings per share Weighted average number of ordinary shares used in calculating diluted earnings per share Loss after income tax attributable to the owners of TZ Limited Weighted average number of ordinary shares used in calculating basic earnings per share Note 11. Earnings per share Diluted earnings per share |
2011 2010 $'000 $'000 (7,174) (26,347) 1,856 2,228 2,303 2,342 (480) 17 - 4,978 - 6,158 - 5,627 - (1,108) 2,718 (1,648) (164) 120 (116) (227) 22 - 137 3,467 (6,599) - 116 47 29 (6) 89 - (7,263) (4,352) 2011 2010 $'000 $'000 (7,174) (26,347) Number Number 96,055,361 53,268,007 96,055,361 53,268,007 Cents Cents (7.47) (49.46) (7.47) (49.46) Consolidated (unaudited) Consolidated (unaudited) |
2011 2010 $'000 $'000 (7,174) (26,347) 1,856 2,228 2,303 2,342 (480) 17 - 4,978 - 6,158 - 5,627 - (1,108) 2,718 (1,648) (164) 120 (116) (227) 22 - 137 3,467 (6,599) - 116 47 29 (6) 89 - (7,263) (4,352) 2011 2010 $'000 $'000 (7,174) (26,347) Number Number 96,055,361 53,268,007 96,055,361 53,268,007 Cents Cents (7.47) (49.46) (7.47) (49.46) Consolidated (unaudited) Consolidated (unaudited) |
|---|---|---|
| Number 96,055,361 |
Number 53,268,007 |
|
| 96,055,361 | 53,268,007 | |
| Cents (7.47) (7.47) |
Cents (49.46) (49.46) |
10