Amended Note To Accounts

RNS Number : 0815K

Intec Telecom Systems PLC

15 December 2008

 



15 December 2008

Intec Telecom Systems PLC

Amendment to the notes to the results announcement 
on 25 November 2008

Intec Telecom Systems PLC (LSE: ITL, the "Company"), announces an amendment to the notes to the results for the year ended 30 September 2008, announced on 25 November 2008.

Subsequent to the announcement, the Company has amended the composition of the 2008 segmental analysis disclosed within Note 3. The amendment does not change the reported results of the Group for the year ended 30 September 2008 or the financial position as at that date. The Group expects to publish its Annual Report and Accounts in early January.

Detailed explanation and amended note:

Within the segment information under the primary reporting format, the gross expenses for the Asia-Pacific (APAC) region were overstated by £8,486,000 and the gross expenses for product operations segment were understated by the corresponding amount.  As a consequence, the previously reported segment profit for the APAC region increases from £2,905,000 to £11,391,000 and the segment loss for product operations increases from £18,561,000 to £27,047,000.

The amended note is set out below:

Continuing operations	EMEA 2008 £000	North America 2008 £000	(Amended) APAC 2008 £000	CALA 2008 £000	(Amended) Product operations 2008 £000	Total 2008 £000
Gross revenue	52,712	43,575	24,334	17,523	9,967	148,111
Inter-segment revenue	-	(2,358)	-	-	(9,967)	(12,325)
Revenue	52,712	41,217	24,334	17,523	-	135,786
Gross expenses	35,990	34,888	16,560	12,159	27,047	126,644
Inter-segment expenses	(6,333)	(746)	(3,617)	(1,629)	-	(12,325)
Expenses	29,657	34,142	12,943	10,530	27,047	114,319
Segment profit /(loss)	23,055	7,075	11,391	6,993	(27,047)	21,467
Unallocated costs:
- corporate costs						(9,498)
Operating profit						11,969
Other gains and losses						1,350
Finance income						752
Finance costs						(321)
Profit before tax						13,750
Taxation						(3,298)
Profit after tax						10,452

Enquiries:

Intec Telecom Systems PLC	www.intecbilling.com
Robin Taylor, Group Finance Director	[phone]
College Hill	0207 457 2020
Adrian Duffield/Carl Franklin

About Intec Telecom Systems PLC

Intec supplies solutions to over 70 of the world's top 100 telecoms carriers and is one of the world's fastest growing major BSS/OSS (business and operations support systems) vendors. Intec's 400 plus customers include AT&T, Cable & Wireless, The Carphone Warehouse (UK), China Unicom, Deutsche Telekom, Eircom (Ireland), France Telecom, Hutchison 3G, O2, Orange, T-Mobile, Telefonica, Vodafone, Virgin Mobile, Vivo and Verizon. Intec works closely with its customers, many of whom have been with Intec since its inception, to provide the highest standards of performance, flexibility and robustness to help carriers service their customers effectively and profitably. Intec's comprehensive and expanding range of products, solutions and services includes:

•    Retail billing and customer management

•    Multi-service mediation and activation

•    Inter-carrier billing settlements including US CABS and ITU-based settlement 

•    End-to-end content partner management

•    Optimised wholesale routing and trading 

•    Real-time pre/post-paid mediation and charging

•    Pre-integrated solutions for wholesale, wireless and core IMS charging functions

Founded in 1997, Intec is listed on the London Stock Exchange (ITL.L) and has over 1,600 staff and 28 offices in 22 countries. For more information, visit the Intec website at www.intecbilling.com

 

END

 

 

MSCUUONRWURUAAA