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Date Posted: 05:03:32 03/10/03 Mon
Author: ERG have lopped off 15 million in armortisation by flogging off Proton
Subject: Just while we are at it Brumbie the horse--this may help on the fundamentals I know you only do charting$38.2 million in 2002 minus 15 million equals 23.2 million in this finncial year, it is a non cash expense but it is charged to the bottom line so this improves profatibility


DEPRECIATION AND AMORTISATION

Depreciation and amortisation increased from $17.1 million in 2001 to
$38.2 million in 2002. The increase reflects the first full year of
depreciation of the infrastructure owned by the Group in the Rome
project, amortisation of the Proton goodwill and amortisation of the
Group's investment in the MASS (multi-application smart card
solution) technology.

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