Sportingbet.com (UK) plc

Unaudited Consolidated Profit and Loss Account Six months ended the 30th September 2000



   Six Months ended
30th September
2000
£ 
 Six Months ended
30th September
1999
£  
     
TURNOVER  - Organic business  44,861,183 4,578,061 
 - Acquisition  69,214,327  
   114,075,510 4,578,061 
Cost of sales   (110,553,172) (4,425,578) 
     
GROSS PROFIT   3,522,338 152,483 
Administration expenses   (7,574,849) (1,110,917) 
     
Group Operating Loss before exeptional     
Items and goodwill amortisation   (3,463,583) (958,434) 
Exceptional costs   (225,000)  
Goodwill amortisation   (363,928)  
     
Group Operating Loss before interest and tax   (4,052,511) (958,434) 
     
Interest receivable   63,135  
Financial Costs - Interest payable  (99,433) (20,575) 
 - Amortisation of loan issue  (124,382)  
   (223,815) (20,575) 
     
LOSS ON ORDINARY ACTIVITIES BEFORE TAXATION   (4,213,191) (979,009) 
     
Taxation   (511)  
     
Loss per ordinary share   (3.7p) (1p) 
Loss per ordinary share   (3.6p) (1p) 



Notes:


1.  The calculation of earnings per share is based on the weighted average number of issued ordinary shares during the period. Diluted earnings per share includes all share options but does not include the convertible loan stock.


2.  The results for the period to 30th September 2000 have been extracted from the draft interim accounts upon which the auditors are yet to report. These results have been prepared utilising the accounting policies adopted by the Company in the audited accounts for the year ended 31st March 2000. 

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Sportingbet.com (UK) plc 
Unaudited Consolidated Balance Sheet at 30th September 2000 

  30th September
2000
£  
   
FIXED ASSETS   
Tangible assets  1,574,384 
Goodwill  8,615,061 
  10,189,445 
CURRENT ASSETS   
Debtors  3,883,037 
Cash at bank and in hand  3,860,607 
   
CREDITORS   
Amounts falling due after more than one year  6,281,233 
   
NET ASSETS  4,374,670 
   
CAPITAL AND RESERVES   
Called up share capital  1,311,305 
Shares to be issued  2,942,428 
Other reserves  257,756 
Profit and loss account  (10,220,151) 
   
EQUITY SHAREHOLDERS' FUNDS/(DEFICIT)  4,374,670