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 | ||||||||||||||||||||||||||||||||||||||||
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 |