Interim Results

Viking Internet PLC 31 January 2001 VIKING INTERNET PLC REGISTERED NUMBER: 3937466 INTERIM REPORT FOR THE PERIOD 25 FEBRUARY 2000 TO 30 SEPTEMBER 2000 VIKING INTERNET PLC INTERIM STATEMENT ***** The company reports a trading loss for the period 25 February 2000 to 30 September 2000 amounting to £1,224,915, which included provision for losses on company's investment portfolios of £858,427. The provision for impairment of the investments was made primarily due to a review of the value of these investments and arose due to the change in market conditions in the Information Technology Sector. The company currently has approximately £750,000 in the bank, with no debt. Accordingly, the Board is examining all potential opportunities with a view to enhancing shareholder value. N A Steinberg Finance Director 30 January 2001 VIKING INTERNET PLC UNAUDITED CONSOLIDATED PROFIT AND LOSS ACCOUNT Period 25 February 2000 to 30 September 2000 £ Administrative expenses (393,158) Provision for permanent diminution (858,427) in fixed asset investments Interest receivable 26,670 ----------- (Loss) on ordinary activities before taxation (1,224,915) Tax on (loss) on ordinary activities - _______ (Loss) for the financial period (1,224,915) ====== (Loss) per ordinary share - basic (0.94p) VIKING INTERNET PLC UNAUDITED CONSOLIDATED BALANCE SHEET AS AT 30 SEPTEMBER 2000 £ £ FIXED ASSETS Investments 781,499 CURRENT ASSETS Debtors 16,353 Cash at bank and in hand 944,382 ---------- 960,735 CREDITORS: Amounts falling due within one year 140,994 ----------- NET CURRENT ASSETS 819,741 ------------ TOTAL ASSETS LESS CURRENT LIABILITIES 1,601,240 ======= CAPITAL AND RESERVES Called up share capital 1,300,000 Share premium account 1,526,155 Profit and loss account (1,224,915) ------------ EQUITY SHAREHOLDERS' FUNDS 1,601,240 ======= VIKING INTERNET PLC UNAUDITED CONSOLIDATED CASH FLOW STATEMENT Period 25 February 2000 to 30 September 2000 £ £ Net cash (outflow)/ (232,239) from operating activities Returns on investments and servicing of finance Interest receivable 26,670 --------- Net cash inflow from returns on 26,670 investment and servicing of finance Capital expenditure and financial investment Payments to acquire tangible fixed assets (36,278) Payments to acquire fixed asset investments (1,639,926) ________ (1,676,204) Net cash inflow/(outflow) from capital expenditure Net cash outflow before financing Financing Issue of ordinary share capital 2,826,155 (net of issue expenses) ------------ 2,826,155 Net cash inflow from Financing --------- Increase/(Decrease) in cash resources 944,382 ======= VIKING INTERNET PLC NOTES TO THE UNAUDITED INTERIM ACCOUNTS Period 25 February 2000 to 30 September 2000 1 The calculation of earnings per share is based on the losses of £1,224,915 and on the number of shares in issue being the adjusted weighted average number of shares in issue totalling the admission to AIM of 130,000,000. The fully diluted earnings per share is based on 130,000,000 ordinary shares allowing for the full exercise of outstanding share purchase options and the earnings as stated above. There is no dilutive effect in the period and in the previous period in accordance with FRS 14 paragraph 86. 2 The interim statement for the period ended 30 September 2000 is unaudited and was approved by the Directors on 30 January 2001. The financial information set out above does not constitute statutory accounts within the meaning of s.240 of the Companies Act 1985. 3 Copies of the Interim Report are available to the public free of charge from the company at 1st Floor, 143-149 Great Portland Street, London W1W 6QN during normal office hours, Saturdays, Sundays and bank holidays excepted, for 14 days from today .

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