For the year ended 30 June 2006
24. AFTER BALANCE DATE EVENTS
Executive share option plan
On 22 August 2006, the company issued 900,000 22.5c share options to key management pursuant to the Aspermont Executive Option Plan. The options expire three years from the date of issue.
Loan note to Primedical International Limited
In March 2006 the company subscribed for a loan note to the value of A$119,510 with Medpri Limited, based in the United Kingdom. The note was subsequently transferred to Primedical International Limited (“Primedical”). The note had an expiry date of 31 July 2006 and provided for several conversion options. If the options were not exercised prior to the expiry date, default interest was to accrue until such time as the available options are exercised.
25. SEGMENT INFORMATION
The economic entity operates solely in the media publishing industry within Australia.
Business segments:
The above industry segments derive revenue from the following products and services:
- The print division derives subscription and advertising revenues from traditional print publications across a number
of trade sectors including mining, contracting , energy and the resources sector.
- The internet media segment develops and maintains websites and daily new services covering various sectors
including mining, energy, construction and longwalls. Revenue is derived from subscription, advertising and
sponsorships.
- Corporate receives various administration fees.
- The investment division receives revenue from advisory fees and general investment income including fair value
gains/losses on share investments held.
These segments are the basis on which the group reports its primary segment information. Financial information about business segments is presented in the schedule on the previous page.
Geographical segments:
The group’s divisions are managed and operated solely within Australia.
Segment revenue and expenses:
Segment revenue and expenses are accounted for separately and are directly attributable to the segments.
Segment assets and liabilities:
Segment assets include all assets used by a segment and consist principally of receivables and property, plant and equipment, net of allowances and accumulated depreciation and amortisation. While most such assets can be directly attributed to individual segments, the carrying amount of certain assets used jointly by two or more segments is allocated to the segments on a reasonable basis. Segment liabilities consist principally of accounts payable, wages and accrued expenses. Segment assets and liabilities do not include deferred income taxes.
Inter-segment transfers:
There are no inter-segment transactions at this time.
24. AFTER BALANCE DATE EVENTS
Executive share option plan
On 22 August 2006, the company issued 900,000 22.5c share options to key management pursuant to the Aspermont Executive Option Plan. The options expire three years from the date of issue.
Loan note to Primedical International Limited
In March 2006 the company subscribed for a loan note to the value of A$119,510 with Medpri Limited, based in the United Kingdom. The note was subsequently transferred to Primedical International Limited (“Primedical”). The note had an expiry date of 31 July 2006 and provided for several conversion options. If the options were not exercised prior to the expiry date, default interest was to accrue until such time as the available options are exercised.
25. SEGMENT INFORMATION
The economic entity operates solely in the media publishing industry within Australia.
Business segments:
The above industry segments derive revenue from the following products and services:
- The print division derives subscription and advertising revenues from traditional print publications across a number
of trade sectors including mining, contracting , energy and the resources sector.
- The internet media segment develops and maintains websites and daily new services covering various sectors
including mining, energy, construction and longwalls. Revenue is derived from subscription, advertising and
sponsorships.
- Corporate receives various administration fees.
- The investment division receives revenue from advisory fees and general investment income including fair value
gains/losses on share investments held.
These segments are the basis on which the group reports its primary segment information. Financial information about business segments is presented in the schedule on the previous page.
Geographical segments:
The group’s divisions are managed and operated solely within Australia.
Segment revenue and expenses:
Segment revenue and expenses are accounted for separately and are directly attributable to the segments.
Segment assets and liabilities:
Segment assets include all assets used by a segment and consist principally of receivables and property, plant and equipment, net of allowances and accumulated depreciation and amortisation. While most such assets can be directly attributed to individual segments, the carrying amount of certain assets used jointly by two or more segments is allocated to the segments on a reasonable basis. Segment liabilities consist principally of accounts payable, wages and accrued expenses. Segment assets and liabilities do not include deferred income taxes.
Inter-segment transfers:
There are no inter-segment transactions at this time.