6-K/A: Report of foreign issuer [Rules 13a-16 and 15d-16]
Published on
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
140 Wicks Road, North Ryde, NSW, 2113, Australia
[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 |
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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 |
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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 |
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Assets |
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Segment assets |
97,481 | 103,777 | 22,212 | 9,438 | 1,788 | 1,687 | (63,777 | ) | (62,253 | ) | 57,704 | 52,649 | ||||||||||||||||||||||||||||||||
Liabilities |
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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 |
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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.
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Novogen Limited (Registrant) |
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| Date 5 March, 2003 | By | /s Ronald Lea Erratt |
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Ronald Lea Erratt Company secretary |