The breakdown of customers by region:
GROSS CUSTOMER NUMBERS
Region 31 Mar 00 30 Jun 00 31 Sep 00 31 Dec 00 31 Mar 01
AMER 4,032 31,223 35,637 40,092 44,372
EMEA 6,214 9,012 11,633 13,918 18,388
AA 1,151 2,394 3,323 4,592 27,305
Total 11,397 42,629 50,593 58,602 90,065
Sportingbet.com (UK) plc
Unaudited Consolidated Profit and Loss Account
Twelve months ended the 31 March 2001
Year Ended Year Ended
31st March 31st March
2001 2000
£ £
TURNOVER - Continuing organic business 129,811,351 27,420,456
- Acquisition 194,860,014 -
324,671,365 27,420,456
Cost of sales (309,992,609) (26,578,936)
GROSS PROFIT 14,678,756 841,520
Administration expenses (18,289,867) (5,893,049)
Group Operating Loss before
exceptional
Items and goodwill amortisation (2,075,411) (3,261,529)
Exceptional costs (500,002) (1,790,000)
Goodwill amortisation (1,035,698) -
GROUP OPERATING LOSS (3,611,111) (5,051,529)
Interest receivable 239,246 46,798
Finance Costs - Interest payable (424,945) (2,285)
- Amortisation of loan
issue costs (401,198) -
(826,143) (2,285)
LOSS ON ORDINARY ACTIVITIES
BEFORE TAXATION (4,198,008) (5,007,016)
Taxation (2,254) -
LOSS FOR THE FINANCIAL PERIOD (4,200,262) (5,007,016)
LOSS PER ORDINARY SHARE (3.6p) (4.9p)
Twelve months to Twelve months to
31st March 2001 31st March 2000
1 Analysis of revenue by activity
Sports Betting 235,310,133 27,420,456
Casino Betting 89,361,232 -
324,671,365 27,420,456
2 Analysis of revenue by region
AMER 213,223,656 11,943,665
EMEA 42,124,113 13,745,579
AA 69,323,596 1,731,212
324,671,365 27,420,456
Sportingbet.com (UK) plc
Unaudited Consolidated Balance Sheet
at 31 March 2001
Year Year
Ended Ended
31st March 31st March
2001 2000
£ £
FIXED ASSETS
Goodwill 33,996,814 -
Tangible assets 2,590,607 742,100
36,587,421 742,100
CURRENT ASSETS
Debtors 7,004,900 513,300
Cash at bank and in hand 12,083,348 6,167,445
CREDITORS:
Amounts falling due within one year 11,807,190 1,871,450
NET CURRENT ASSETS 7,281,058 4,809,295
TOTAL ASSETS LESS CURRENT LIABILITIES 43,868,479 5,551,395
CREDITORS:
Amounts falling due after more than one 2,896,552 -
year
Convertible loan note 6,530,000 -
Provision for liabilities and charges 35,000 105,000
NET ASSETS 34,406,927 5,446,395
CAPITAL AND RESERVES
Called up share capital 136,244 111,304
Shares to be issued 8,371,551 1,000,000
Share premium 35,847,581 10,083,278
Other reserves 257,756 257,756
Profit and loss account (10,206,205) (6,005,943)
EQUITY SHAREHOLDERS' FUNDS 34,406,927 5,446,395
Sportingbet.com (UK) plc
Unaudited Cash Flow statement
Twelve months to the 31 March 2001
Year Year
Ended Ended
31st March 31st March
2001 2000
£ £
Cash outflow from operating activities (1,535,685) (2,698,086)
Returns on investment and servicing of finance (586,897) 44,513
Investment in subsidiaries (12,067,928) 0
Capital expenditure (1,183,132) (428,082)
CASH OUT FLOW BEFORE FINANCING (15,373,642) (3,081,655)
Financing 21,289,545 9,320,281
INCREASE IN CASH IN THE YEAR 5,915,903 6,238,626
RECONCILIATION OF NET CASHFLOW TO MOVEMENT IN
NET FUNDS
Increase in cash in the year 5,915,903 6,238,626
Cash (inflow) / outflow from (increase) / (6,530,000) 208,209
decrease in debt
MOVEMENT IN NET FUNDS IN YEAR (614,097) 6,446,835
Net funds at start of year 6,167,445 (279,390)
NET FUNDS AT END OF YEAR 5,553,348 6,167,445
Notes
The calculation of loss per share is based on the loss after tax of £4.2 million (2000: loss after tax £5.0 m) and on 115,141,746 (31 March 2000: 103,757,933) ordinary shares, being the weighted average number of ordinary shares in issue.
There have been no changes to the accounting policies of the Group as set out in 31 March 2000 financial statements.
The financial information in this statement does not constitute statutory accounts within the meaning of Section 240 of the Companies Act 1985. The figures for the year ended 31 March 2000 have been extracted from the accounts, which have been filed with the Registrar of Companies. The auditors' report on those accounts was unqualified.