U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the Month of DECEMBER 2002
Commission File Number 1-4192
DTA HOLDING AKTIENGESELLSCHAFT
(Exact Name of Registrant as specified in its charter)
PEINER STRABE 8, 30519 HANNOVER, GERMANY
(Address of office)
DIGITALE TELEKABEL AG
(Former name)
(Indicate by check mark whether the Registrant files or will file annual reports
under cover of Form 20-F or Form 40-F).
[X] Form 20-F [ ] Form 40-F
Indicate by check mark if the Registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1):
----------------
Indicate by check mark if the Registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):
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Indicate by check mark whether by furnishing the information contained in this
Form, the Registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
Yes No X
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If "Yes" is marked, indicate below the file number assigned to the Registrant in
connection with Rule 12g3-2(b): 82-
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DTA HOLDING AKTIENGESELLSCHAFT
(FORMERLY DIGITALE TELEKABEL AG)
BALANCE SHEETS
-UNAUDITED-
JUNE 30, 2002 DECEMBER 31, 2001
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E E
- -
ASSETS, CURRENT
Cash 57,866 59,543
Tax Refund Receivable - 61,094
Receivables from Affiliated
Companies 3,320,701 3,250,893
Other Current Assets 87,805 165,738
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TOTAL ASSETS 3,466,372 3,537,268
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LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES, CURRENT
Accounts Payable 5,534 28,555
Bank Overdraft - 841
Tax Liabilities - 103,411
Payable to an Affiliated
Company 10,000 -
Other Payables 31,235 26,075
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TOTAL LIABILITIES 46,769 158,882
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STOCKHOLDERS' EQUITY
Capital Stock, E2.56 (DM 5.00)
Par Value
750,000 Ordinary
Shares Issued
Capital Subscribed 1,917,345 1,917,345
Additional Paid-in Capital 2,225,497 2,225,497
Accumulated Deficit (723,239) (764,456)
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TOTAL STOCKHOLDERS' EQUITY 3,419,603 3,378,386
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TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY 3,466,372 3,537,268
============= =================
See Notes to the Financial Statements.
DTA HOLDING AKTIENGESELLSCHAFT
(FORMERLY DIGITALE TELEKABEL AG)
STATEMENT OF OPERATIONS
-UNAUDITED-
JANUARY 1, 2002 - JANUARY 1, 2001 -
----------------- -----------------
JUNE 30, 2002 JUNE 30, 2001
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E E
- -
REVENUES
Sales - 390,062
Gain on sale of equipment - 1,469,698
Other income 12,768 66,725
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TOTAL REVENUES 12,768 1,926,485
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OPERATING EXPENSES
General and administrative 41,201 384,558
Depreciation Expense - 119,438
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TOTAL OPERATING EXPENSES 41,201 503,996
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PROFIT (LOSS) BEFORE INTEREST,
INCOME FROM INVESTMENTS AND
INCOME TAX (28,433) 1,422,489
Income from Investments - 282
Interest income 69,821 16,909
Interest expense (171) (7,670)
--------------- ---------------
Profit before taxes 41,217 1,432,010
Income Tax - -
--------------- ---------------
Net Profit 41,217 1,432,010
=============== ===============
Earnings Per Ordinary Share 0.05 1.91
=============== ===============
Number of Ordinary Shares
Outstanding 750,000 750,000
=============== ===============
See Notes to the Financial Statements.
DTA HOLDING AKTIENGESELLSCHAFT
(FORMERLY DIGITALE TELEKABEL AG)
STATEMENTS OF CASH FLOWS
-UNAUDITED-
JANUARY 1, 2002 - JANUARY 1, 2001 -
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JUNE 30, 2002 JUNE 30, 2001
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E E
- -
OPERATING ACTIVITIES
Net Income 41,217 1,432,010
Adjustment to Reconcile Net Income
to Net Cash Provided by Operating
Activities:
Depreciation - 119,438
CHANGES IN ASSETS AND LIABILITIES
(Increase) Decrease in:
Accounts Receivable - (30,260)
Prepaid Expenses - 765
Tax Refund Receivable 61,094 71,601
Other Current Assets 77,933 26,934
Receivable from Affiliated
Companies (69,808) (2,959,285)
Increase (Decrease) in:
Accounts Payable (23,021) (56,473)
Accrued Expenses - (20,189)
Tax Liabilities (103,411) 499,969
Payable to an Affiliated
Company 10,000 (100,517)
Other Current Liabilities 5,160 (281,393)
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CASH USED IN OPERATING ACTIVITIES (836) (1,297,400)
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INVESTING ACTIVITIES
Sale and Disposal of Equipment
and Intangible Assets (net) - 2,227,721
Cable Network in Progress - 77,308
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CASH PROVIDED BY INVESTING
ACTIVITIES - 2,305,029
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Financing Activities:
Bank Overdraft (841) -
Loans - (1,022,584)
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CASH USED IN FINANCING ACTIVITIES (841) (1,022,584)
Net Decrease in Cash (1,677) (14,955)
Cash, Beginning of Period 59,543 33,449
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Cash, End of Period 57,866 18,493
============ =============
SUPPLEMENTAL DISCLOSURE OF CASH
FLOW INFORMATION
Cash paid during the period
Interest 171 -
Income Taxes - -
See Notes to the Financial Statements.
DTA HOLDING AKTIENGESELLSCHAFT
(FORMERLY DIGITALE TELEKABEL AG)
NOTES TO THE FINANCIAL STATEMENTS
-UNAUDITED-
(1) BASIS OF PRESENTATION
The interim period financial statements have been prepared by DTA Holding
Aktiengesellschaft (the "Company") in accordance with generally accepted
accounting principles ("GAAP") applicable in the United States. The preparation
of financial data is based on accounting principles and practices consistent
with those used in the preparation of the most recent annual financial
statements. Certain information and footnote disclosure normally included in
financial statements prepared in accordance with GAAP have been condensed or
omitted. These interim period statements should be read together with the
audited financial statements and the accompanying notes included in the
Company's latest annual report on Form 20-F. In the opinion of the Company, its
unaudited interim financial statements contain all adjustments necessary in
order to present a fair statement of the results of the interim periods
presented.
(2) CHANGE OF COMPANY'S NAME
At the September 24, 2002 meeting of shareholders, the shareholders approved,
among other things, the change of the name of the Company from "Digitale
Telekabel AG" to "DTA Holding Aktiengesellschaft". The name change became
effective December 9, 2002 when it was entered into the commercial register in
Germany.
(3) EARNINGS PER ORDINARY SHARE
Earnings per ordinary share is based on the 750,000 ordinary shares issued and
outstanding during the six-month periods ended June 30, 2002 and 2001,
respectively.
(4) CHANGE IN REPORTING CURRENCY
Effective from January 1, 2002, the German government officially adopted the
Euro to replace the German deutschmark as its legal currency. Accordingly, the
Company uses the Euro as its reporting currency and all comparative amounts have
been restated to Euros at the fixed exchange rate of Euro 1 to German
deutschmark 1.95583.
(5) COMMITMENTS
OPERATING LEASE - The Company leases office space located in Frankfurt,
Germany, pursuant to the terms of a ten year lease. The office location in
Frankfurt was sub-rented by rental agreements which expired June 2002.
(6) DIFFERENCES BETWEEN GERMAN GAAP AND U.S. GAAP
The U.S. GAAP applied in the preparation of the financial statements differs in
some respects from German GAAP.
Under German GAAP, the expenses relating to the Company's initial public
offering of E 556,591 are part of the German statement of operations. For this
reason the accumulated deficit in conformity with German GAAP is E 1,279,830 as
at June 30, 2002 (E 1,321,047 as at December 31, 2001). For the same reason,
the additional paid-in capital according to German GAAP amounts to E 2,782,088
as at June 30, 2002 and December 31, 2001, respectively.
(7) SUBSEQUENT EVENTS
On October 1, 2002, the Company acquired from an affiliated company a 17.23-acre
property in Washington State in the United States for a purchase price of U.S.
$2.65 million, comprised of a cash payment of approximately U.S. $2.2 million
and an assumption of U.S. $0.4 million in liabilities. The property has been
under development by its previous owner as a combined mini-storage, warehouse
and office facility.
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.
Registrant DTA Holding Aktiengesellschaft
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By /s/ Michael J. Smith
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MICHAEL J. SMITH, MEMBER OF
MANAGEMENT BOARD
Date December 30, 2002
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