Form: 6-K/A

Report of foreign issuer [Rules 13a-16 and 15d-16]

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington. D.C. 20549

Form 6-K/A
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR I5d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of                   March     , 2003

Novogen Limited

(Translation of registrant’s name into English)

140 Wicks Road, North Ryde, NSW, 2113, Australia

(Address of principal executive office)

[Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F þ    Form 40-F o

[Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes o    No o

[If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2 (b):
82- ___________.1

 


 

SEGMENT INFORMATION — PRIMARY SEGMENT

                                                                                 
    Australia/NZ   North America   Europe   Elimination   Consolidated
    2002   2001   2002   2001   2002   2001   2002   2001   2002   2001
    $'000   $'000   $'000   $'000   $'000   $'000   $'000   $'000   $'000   $'000
 
Geographical Segments
                                                                               
Revenue
                                                                               
Sales to customers outside the consolidated entity
    3,306       2,390       6,168       6,457       1,392       1,396                   10,866       10,243  
Other revenues from customers outside the consolidated entity
    2,964       2,643       293       261                   (123 )           3,134       2,904  
Intersegment Revenues
    3,493       2,007       8       143                   (3,501 )     (2,150 )            
 
   
     
     
     
     
     
     
     
     
     
 
Total segment revenue
    9,763       7,039       5,470       6,861       1,392       1,396       (3,624 )     (2,150 )     14,000       13,146  
 
   
     
     
     
     
     
     
     
     
     
 
Unallocated revenue
                                                                    663       672  
 
                                                                   
     
 
Total Consolidated Revenue
                                                                    14,663       13,819  
 
                                                                   
     
 
Results
                                                                               
 
   
     
     
     
     
     
     
     
     
     
 
Segment result
    (949 )     (3,472 )     (2,295 )     (4,668 )     (1,023 )     (1,157 )     110       2,300       (4,157 )     (6,997 )
 
   
     
     
     
     
     
     
     
     
     
 
Unallocated expenses
                                                                    (71 )     (163 )
Consolidated entity profit from ordinary activities before income tax
                                                                    (4,228 )     (7,161 )
 
                                                                   
     
 
Income tax expense
                                                                          (40 )
 
                                                                   
     
 
Net profit
                                                                    (4,228 )     (7,201 )
 
                                                                   
     
 

 


 

                                                                                         
    Australia/NZ   North America   Europe   Elimination   Consolidated
    2002   2001   2002   2001   2002   2001   2002   2001           2002   2001
    $'000   $'000   $'000   $'000   $'000   $'000   $'000   $'000   $'000   $'000
 
Geographical Segments
                                                                                       
Assets
                                                                                       
 
   
     
     
     
     
     
     
     
             
     
 
Segment assets
    97,481       103,777       22,212       9,438       1,788       1,687       (63,777 )     (62,253 )             57,704       52,649  
 
   
     
     
     
     
     
     
     
             
     
 
Liabilities
                                                                                       
 
   
     
     
     
     
     
     
     
             
     
 
Segment Liabilities
    (11,072 )     (11,851 )     (51,268 )     (56,654 )     (10,555 )     (9,319 )     68,077       69,380               (7,818 )     (7,944 )
 
   
     
     
     
     
     
     
     
             
     
 
Other segment information
                                                                                       
Acquisition of property plant and equipment, intangible assets and other non current assets
    126       136       27       41       4       12                           157       189  
Depreciation
    56       460       24       60       6       6                           591       527  
Amortisation
    237       393                               16       16               253       409  
Non cash expenses other than depreciation and amortisation
    70       736       351       172       (1 )     80       35                     455       987  

Note:

The Novogen Group operates subsidiary companies in 3 major geographical areas being Australia/New Zealand, North America including the USA and Canada and Europe including the UK and the Netherlands. The subsidiaries are all involved in the selling and marketing of Novogen’s dietary supplements including Promensil, Trinovin and Rimostil. The US company is also responsible for manufacturing and packaging products for the domestic US market. The other countries products are supplied from Australia in fully finished form.

All of the Group’s sales revenues are sales of Novogen’s dietary supplements. The Novogen Group operates in one business segment being to manufacture, market and sell dietary supplements.

 


 

SEGMENT INFORMATION — SECONDARY SEGMENT

                                                                 
                    Pharmaceutical                                
    Dietary Supplements   Research &   Elimination   Consolidated
      Development    
                                                   
    2002   2001   2002   2001   2002   2001   2002   2001
    $'000   $'000   $'000   $'000   $'000   $'000   $'000   $'000
Segment Revenue
    12,052       13,057       2,611       762                   14,663       13,819  
Segment Assets
    100,168       132,951       21,313       1,327       (63,777 )     (81,628 )     57,705       52,649  
Acquisition of property plant and equipment, intangible assets and other non current assets
    131       57       26       132                   157       189  

 


 

Six Months Ended December 2002 — Earnings Per Share

                 
    Current   Previous
    Period   Corresponding
   
  Period
           
    $'000   $'000
   
 
The following reflects the income and share data used in calculating basic and diluted earnings per share
               
Net Loss
    (4,228 )     (7,201 )
Adjustments:
               
Net loss attributable to outside equity interests
    (107 )      
Earnings used in calculating basic and diluted earnings per share
    (4,121 )     (7,201 )
 
   
     
 
                 
    Number of Shares   Number of Shares
Weighted average number of ordinary shares used in calculating basic and dilutive earnings per share
    95,417,266       95,069,775  
Basic loss per share — (cents)
    (4.3 )     (7.6 )
Diluted loss per share — (cents)
    (4.3 )     (7.6 )

Diluted earnings per share:

The notional issue of potential ordinary shares of 1,100,706 outstanding options exercisable at 31 December 2002 does not result in diluted earnings per share that shows an inferior view of the earnings performance of the Company, therefore the information has not been disclosed

Conversions, call subscriptions or issues after 31 December 2002.

There have been 22,871 conversions of or subscriptions for ordinary shares or issues of potential ordinary shares since the reporting date and before the completion of this financial report.

 


 

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

     
    Novogen Limited
      (Registrant)
 
Date         5 March, 2003 By     /s Ronald Lea Erratt
 
    Ronald Lea Erratt
Company secretary