NUMBERS**********
Im not an investor in this company, but I do recieve the FSS news letter. I did find some financials on the co. and thought it might be helpfull top those of you on this thread.
Happy Trading
Israel
FORMULAB NEURONETICS CORP LTD
FORMULAB INTERNATIONAL HOUSE
673 MURPHY STREET
PERTH WESTERN AUSTRALIA FF
TICKER SYMBOL: FNCLY
LATEST ANNUAL FINANCIAL DATE: 06/30/96
BALANCE SHEET
ANNUAL ASSETS (000$)
FISCAL YEAR ENDING 06/30/96 06/30/95 06/30/94
CASH 723 NA NA
MRKTABLE SECURITIES NA NA NA
RECEIVABLES 10,297 43 NA
INVENTORIES 2,484 2,287 NA
RAW MATERIALS NA NA NA
WORK IN PROGRESS NA NA NA
FINISHED GOODS NA NA NA
NOTES RECEIVABLE NA NA NA
OTHER CURRENT ASSETS 659 NA NA
TOTAL CURRENT ASSETS 14,172 2,330 NA
PROP, PLANT & EQUIP 2,961 270 NA
ACCUMULATED DEP NA NA NA
NET PROP & EQUIP 2,961 270 NA
INVEST & ADV TO SUBS 2,774 25 NA
OTHER NON-CUR ASSETS 2,291 NA NA
DEFERRED CHARGES NA NA NA
INTANGIBLES NA 8,004 NA
DEPOSITS & OTH ASSET 965 NA NA
TOTAL ASSETS 24,162 10,628 NA
ANNUAL LIABILITIES (000$)
FISCAL YEAR ENDING 06/30/96 06/30/95 06/30/94
NOTES PAYABLE 423 119 NA
ACCOUNTS PAYABLE 128 227 NA
CUR LONG TERM DEBT NA NA NA
CUR PORT CAP LEASES NA NA NA
ACCRUED EXPENSES NA NA NA
INCOME TAXES NA NA NA
OTHER CURRENT LIAB 35 8 NA
TOTAL CURRENT LIAB 587 355 NA
MORTGAGES NA NA NA
DEFERRED CHARGES/INC NA NA NA
CONVERTIBLE DEBT NA NA NA
LONG TERM DEBT 3,182 384 NA
NON-CUR CAP LEASES NA NA NA
OTHER LONG TERM LIAB NA NA NA
TOTAL LIABILITIES 3,769 739 NA
MINORITY INT (LIAB) NA NA NA
PREFERRED STOCK NA NA NA
COMMON STOCK NET NA NA NA
CAPITAL SURPLUS 52,467 17,437 NA
RETAINED EARNINGS -32,074 -7,547 NA
TREASURY STOCK NA NA NA
OTHER EQUITIES NA NA NA
SHAREHOLDER EQUITY 20,394 9,890 NA
TOT LIAB & NET WORTH 24,162 10,628 NA
ANNUAL INCOME (000$)
FISCAL YEAR ENDING 06/30/96 06/30/95 06/30/94
NET SALES 9,382 4,861 345
COST OF GOODS 873 521 2,635
GROSS PROFIT 8,510 4,340 -2,290
R & D EXPENDITURES 693 402 213
SELL GEN & ADMIN EXP 3,057 1,900 901
INC BEF DEP & AMORT 4,760 2,038 -3,404
DEPRECIATION & AMORT NA NA NA
NON-OPERATING INC -35,599 -793 62
INTEREST EXPENSE 32 23 20
INCOME BEFORE TAX -30,872 1,222 -3,362
PROV FOR INC TAXES NA NA NA
MINORITY INT (INC) NA NA NA
INVEST GAINS/LOSSES NA NA NA
OTHER INCOME NA NA NA
NET INC BEF EX ITEMS -30,872 1,222 -3,362
EX ITEMS & DISC OPS NA NA NA
NET INCOME -30,872 1,222 -3,362
OUTSTANDING SHARES 263,513 NA NA
COMMENTS:
*FOREIGN CURRENCY, AUSTRALIAN DOLLARS; ALL INFORMATION TAKEN FROM
REGST F-1 NO. 333-05676, 09-27-96; COMPANY ERROR OF $8,978 IN TOTAL
CURRENT ASSETS; COMPANY ERROR OF $1,000,000 IN TOTAL ASSETS; COMPANY
ERROR OF $278 IN SHAREHOLDERS' EQUITY; FINANCIALS GIVEN ON COMBINED
BASIS; CASH FLOW STATEMENT NOT GIVEN; FIVE YEAR SUMMARY EARNINGS PER
SHARE GIVEN FOR FOUR YEARS ONLY
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