Annual Report 99/00 - InvestorInfo

2000
Annual Report
to Shareholders

Letter to
Shareholders Stephen Williams Kieran Kelly
Chairman Managing Director
THE YEAR IN REVIEW
On behalf of the board of Directors, we are pleased to report to shareholders, InvestorInfo’s results for the year
ended June 30, 2000 – our first year as a public company.
Our profit after tax for the year was $377,722 a 6% premium over the profit forecast of $355,000 presented in
the InvestorInfo prospectus when the company floated on ASX in May. Total revenue comprising advertising
and subscriptions from readers of the company’s titles was $4,350,317, 8% ahead of the prospectus forecast of
$4,038,000. The company was cash flow positive during the period.
A significant challenge for InvestorInfo during the period was the listing of the company’s shares on ASX while
maintaining the high quality editorial products for which the company is known. Foremost among these was the
continued attention to the company’s newest title, Investor’s Advisor. This magazine, launched in October 1999
targets the professional investment advisers who service the retail investment market. We believe this title has
secured a position in the Australian investment media market and its timely news analysis, weekly production
and high quality editorial have won praise from both advertisers and readers. However, continued strong
performance from Investor’s Advisor is crucial to the company achieving its forecast for the current financial
year.
In the past year we have met the initial goals detailed in the company’s prospectus in May. Revenue and profit
were in line with expectations and the new products foreshadowed are either in development or launched.
InvestorInfo is a specialist publisher and plans to use the Internet as an efficient and cost saving distribution
tool. The launch of InvestorDaily.com in August is in accordance with this philosophy, although a re-evaluation
of likely profitability from certain types of e-commerce transactions has encouraged directors to reconsider the
magnitude of the company’s investment in the development of Internet strategies.
E-commerce investments must relate to the area of financial services publishing and have a high potential for
near term profit to be considered by the Company. Accordingly, Websites for both Investor’s Advisor and
Investor Weekly are nearing completion, but are less ambitious and far less costly than envisaged at the time of
the prospectus. The launch of InvestorDaily.com, since balance date represents a substantial investment for the
company in a new area of electronic information delivery. Like all innovative products Investordaily carries
risk. The cost of daily production of a financial news service is very high and is only partly ameliorated by the
reduction in print and distribution costs resulting from electronic distribution. However InvestorInfo’s in house
IT department was able to design and develop the delivery system for this cutting edge Internet product for a
fraction of the cost of quotes received from external web developers.
Bad debts were negligible during the past year and will remain so. Management of interest expense was not an
issue, as the company has no borrowing. Through careful management of working capital the company earned
income on its cash balances.
STAFFING
Staffing for a small Australian public company remains an issue. We have a mix of experienced and more junior
finance journalists of whom we are very proud. Investment and finance journalism involves coverage of
complex issues and our pool of journalistic talent is one of the company’s great strengths. InvestorInfo has been
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able to attract and retain high quality journalists through its commitment to training and the high standards the
company demands of its publications.
As advertising revenue makes up the majority of the company’s income, InvestorInfo’s success depends on its
marketing staff. InvestorInfo competes for experienced sales staff with much larger fund management
organisations as well as newspaper and magazine companies. Turnover of marketing staff during the year was
therefore higher than we had hoped leading to increased costs particularly in recruitment and redundancy. The
marketing department has been reorganised since balance date and under Bernadette Brennan we now have a
group of dedicated executives who can capitalise on the advertising appeal of the company’s titles.
Appropriate remuneration and employee reward is vital to building a successful company. A Staff Option Plan
was introduced during the float and a majority of staff members, both junior and senior participate. The Staff
Option Plan attempts to align remuneration with the interests of shareholders and hopefully encourages even the
most junior employees to feel they have a stake in the company’s future.
OUTLOOK
Competition remains a constant focus for the company. One existing competitor publishes a fortnightly
magazine, targeting the same readers and advertisers as Investor’s Advisor. It is understood that two other titles,
published monthly, will shortly be launched targeting the Investment Advisory market. InvestorInfo will meet
these challenges by frequency of publication and maintaining high editorial standards while providing
advertisers with a scrupulously designed and attractive vehicle for the presentation of display ads.
The print advertising market remains buoyant. Rising interest rates are the only obvious factor which may
reverse this trend. However, the Sydney 2000 Olympics have severely disrupted the Australian advertising
market as customers have sought to cancel advertising schedules during the month of September. While
InvestorInfo’s publications are distributed nationally it is apparent that uncertainties caused by the Olympics
have extended Australia wide. Directors are unable at this stage to quantify the impact additional competition
and Olympic related disruption, will have on first half revenues and profits.
The total funds under management in Australia continue to grow strongly. Rice Kachor Research has estimated
that total retail funds under management will almost treble to $867 billion this decade and wholesale funds
under management will almost double to $472 billion. The number of participants, and potential advertisers
should also grow which should benefit a company like InvestorInfo. However, as the number of participants in
the Australian investment market grows, so will the number of media companies wishing to reach the
investment advertisers. Also consolidation and takeover among our major customers, as has occurred in the past
six months, may cause short-term volatility in earnings.
New business opportunities are constantly being pursued. The company launched Money on the Move early in
2000. Since balance date we launched InvestorDaily.com, a financial news service delivered each morning via
targeted e-mails which already has over 2,000 registered users. Under the direction of Greg Bright one of
Australia’s best-
known finance journalists and an executive director of your company, this title has already gained a reputation
for high quality journalism and breaking stories. The initial response from readers and advertisers has been
encouraging with much higher click through rates on banner ads and longer site visitation times than
comparable web sites. If InvestorDaily.com succeeds as hoped, it could have a dramatic impact on the
company’s profitability. Consolidated Publishing, a custom publishing division, under the direction of the
experienced publishing executive Sally Davis, has also opened for business. Custom publishing, the production
of tailored magazines for large commercial organisations, is one of the fastest growing areas of print media. We
believe it offers excellent profit opportunities for the company and the potential for expansion into other areas
such as investor relations and media management.
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InvestorInfo has $7 million in cash surplus to working capital requirements. The company has been actively
pursuing acquisitions in the media and publishing areas but to date has been unsuccessful in securing targets that
meet its investment criteria. Many of the proposals examined are pure e-Commerce businesses often with large
cost structures, no apparent revenue or profit and with implied valuations far in excess of InvestorInfo’s. Your
company’s Board has determined that acquisitions should increase earnings per share and meet strict return on
investment thresholds.
The company’s major costs are staff, printing and postage. Management constantly monitors staffing levels and
expenditure to ensure tight cost controls. Significant price inflation is not evident in wages or other major costs
however there has also not been any opportunity to increase advertising rates to our customers.
CONCLUSION
The success of any business depends on the quality and application of its staff. InvestorInfo’s achievements in
the past year would not have been possible without the co-operation, skill and dedication of employees. We
would like to take this opportunity on behalf of the Board of directors to thank all staff for their contribution
over the period.
Stephen R Williams Kieran J Kelly
Chairman Managing Director
Sydney
5 September 2000
3

CONCISE FINANCIAL REPORT
Financial year ended 30 June 2000
InvestorInfo Limited
ACN 088 838 779
5 Corporate governance
7 Directors’ Report
12 Profit and loss statement
13 Balance sheet
14 Statement of cash flows
15 Discussion and analysis of the concise financial statements
16 Notes to the concise financial statements
17 Directors’ declaration
18 Independent audit report
19 Shareholder information
21 Directory
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Corporate Governance
The Board
The Board is responsible for the corporate governance practices of the company including the direction and
oversight of the company's business on behalf of the shareholders. Responsibility for the formulation of strategy
and management of day to day operations and administration is delegated by the Board to the Managing
Director. Policy and other functions of the Board include:
• approving goals, strategy and plans for the company's direction formulated by management and monitoring
their implementation;
• receiving and approving management recommendations such as capital expenditure and monitoring the
company's financial performance and results on a monthly basis; and
• meeting statutory, regulatory and reporting requirements of the Corporations Law and Listing Rules.
The Board consists of the Managing Director, another executive Director and three non-executive Directors,
which includes the Chairman. The Board's present policy, taking into account the size of the company and its
operations and immediate history, is that the Board should in the first instance consist of only five Directors,
with the Chairman being a non-executive Director.
The Directors' terms of appointment are governed by the Constitution and one-third of the Directors must retire
at each annual general meeting (of members).
Each Director has the right to seek independent professional advice at the company's cost, subject to the
approval of the Chairman.
The Board of Directors continually monitors areas of significant business risk. Once particular risks are
identified it is the responsibility of the Board to ensure that management takes such action as is required to
minimise these risks.
The company recognises the need for Directors and employees to observe the highest standards of behaviour
and business ethics when engaging in corporate activity. All Directors and employees are expected to act in
accordance with the law and with the highest standards of propriety.
The Remuneration and Nomination Committee:
The Board has established a remuneration and nomination committee consisting of the non-executive Chairman,
Mr Stephen R Williams, the Managing Director, Mr Kieran Kelly, and Mr Stephen A Williams, another
non-executive Director. This committee reviews the composition of the Board on an annual basis to ensure the
Board comprises an appropriate mix of skills and experience. It also reviews and makes recommendations for
Directors and executives on remuneration packages and terms of employment. The remuneration of the
Managing Director is determined by the non-executive Directors.
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The Audit Committee:
The company has established an audit committee consisting of Mr Kieran Kelly, the Managing Director, Mr
Nick Selvaratnam, a non-executive Director and Mr Stephen Andrew Williams, a non-executive Director. The
external auditors will be invited to attend meetings from time to time. The key matters which will be dealt with
by the audit committee include the review of:
• the annual and half-year reports prior to their approval by the Board;
• the adequacy of existing external audit arrangements, with particular emphasis on the scope and quality of
the audit;
• the effectiveness of the planned internal audit function;
• all areas of significant financial risk and the arrangements in place to contain those risks to acceptable
levels;
• any 'management letter' sent by the external auditor to the company;
• the effectiveness of management information or other systems of internal control;
• the financial statements of the company with both management and external auditors;
• any letter of resignation from the company's external auditors; and
• monitoring compliance with the requirements of the Corporations Law, ASX Listing Rules, Australian
Taxation Office, ASIC, ASX and financial institutions.
The Audit Committee works closely with the Regulatory and Compliance Committee, which reviews the risk
exposures and internal quality assurance and audit controls regarding relevant intellectual property, defamation,
privacy and security issues with respect to the specialised content published by the company and its
implementation of its new product and Internet strategies.
Regulatory and Compliance Committee:
The Regulatory and Compliance Committee is also responsible for monitoring legal and procedural
requirements to ensure that the company complies with its Investment Adviser's Licence conditions and ASIC
regulatory requirements. The Committee places particular emphasis on monitoring procedures which are
designed to enhance the high quality provision of reliable specialised financial information and real-time new
services, as well as procedures designed to support the security of valuable information used by the company
and its customers. The Committee consists of Mr Greg Bright, Editorial Director and Mr Stephen R Williams,
the Chairman.
6

Directors’ Report
Your directors present their report on the company for the year ended 30 June 2000.
DIRECTORS
The names of directors in office at the date of this report are:
Stephen Ray Williams Kieran John Kelly
Gregory Martin Bright Stephen Andrew Williams
H Nicholas Selvaratnam
PRINCIPAL ACTIVITIES
The principal activity of the company during the year was the publication of investment magazines.
There were no significant changes in the nature of the company’s principal activity during the year.
OPERATING RESULTS
The profit of the company after providing for income tax amounted to $377,722.
DIVIDENDS PAID OR RECOMMENDED
There have been no dividends paid or declared for the year.
REVIEW OF OPERATIONS
During the year, the company carried on the business of publication of two investment magazines. Investor
Weekly ran from 1 July 1999 and Investor’s Advisor started in October 1999. The magazines are sold on a
subscription basis and provide a valuable source of information for all types of investors.
SIGNIFICANT CHANGES IN STATE OF AFFAIRS
The following significant changes in the state of affairs of the company occurred during the year:-
(i) The company raised capital of $8,200,004 through the issue of 52,000,000 ordinary shares;
(ii) The company purchased the business assets, effective 1 July 1999, of Kelwane Pty. Limited and the
accounts reflect this transaction and trading from that date. Prior to this, the Company had not traded.
SUBSEQUENT DEVELOPMENTS
The likely developments in the operations of the company and the expected results of those operations in future
financial years are as follows:
(a) The company will establish an internet based database whereby customers will subscribe to the website and
gain access to a database of investment information;
(b) The company will establish a custom publishing business with a significant emphasis on investment and
financial planning.
(c) The company has launch an additional product InvestorDaily.com in July 2000. This is targeted at
professionals in the institutional investment and financial planning industries.
The board expects that the above developments will provide a wider market and improve profit contribution.
7

Directors’ Report (continued) INFORMATION ON DIRECTORS’
Stephen Ray Williams
Qualifications: LLB.
Non-Executive Chairman. Age 46
Experience: Stephen Williams was admitted as a solicitor in NSW in 1976 and
has practiced commercial, property, and corporate law since that
time. Stephen began his career with Lane and Lane solicitors in
1972 becoming a partner in 1978. In 1993 he moved to Kemp
Strang Lawyers as a partner.
Stephen has advised a number of companies in relation to public
capital raisings, prospectus preparation, due diligence and ASX
listing requirements.
He has been chairman of the Board of Coffey International
Limited since 1994 and is a non-executive director of
Consolidated Gaming Limited.
Interest in shares: 170,000 Ordinary Shares
Gregory Martin Bright
Qualifications: B. Ec.
Director Editorial. Age 46
Experience: Greg has been an economics and finance journalist for over 20
years, starting with the former Daily Mirror in 1976, moving to
the Sydney Morning Herald in 1978 and later to the Australian
Financial Review.
He left the Australian Financial Review to start his own
publishing business in 1983, which became Trade News
Corporation and which published a range of titles for several
industries, including Australian Super Review for wholesale
superannuation and Encore/Australian Film Review, Australia’s
leading film and broadcast industry trade publication. Greg
oversaw the sale of Trade News to Reed Publishing in 1993.
During his career, Greg has had a business news radio show,
advised investment managers on marketing strategies and for a
brief period in 1981 was press secretary to the then Treasurer John
Howard.
Greg is responsible for the editorial content of all the Company’s
titles and for developing the syndicated and E-mail news services.
Greg founded Investor Weekly, the institutional funds management
magazine in December, 1994.
Interest in shares: 10,004,000 Ordinary Shares
8

Directors’ Report (continued)
Kieran John Kelly
Managing Director. Age 47
Qualifications: B.A., A.C.A., A.S.I.A.
Experience: Kieran Kelly is a Chartered Accountant with a career spanning finance
journalism, funds management and stockbroking.
Kieran was an investment journalist on the Australian Financial
Review specialising in the sharemarket and Company reporting. He
subsequently held the position of senior portfolio manager at merchant
bank PNC International from 1983 until 1987 when he became an
institutional equity dealer for Potts West Trumbull Stockbrokers.
After five years in that position, Kieran became a director of
Investment Banking at Prudential Bache Securities for six years,
leaving prudential Bache in November 1998 to undertake private
consulting.
Kieran Kelly was a founding shareholder with his fellow director Greg
Bright of Trade News Corporation and InvestorInfo. He joined
InvestorInfo in July1999 purchasing a major shareholding in the
Company and assuming the role of managing director.
Interest in shares: 10,000,000 Ordinary Shares
H Nicholas Selvaratnam Non-Executive Director. Age 41
Qualifications: B. Sc. Eng. (Hons), A.C.A. (Aust.), A.C.A. (England & Wales)
Experience: Nick Selvaratnam has been a stockbroking research analyst since 1989
after spending the previous eight years as a Chartered Accountant in
both the U.K. and Australia.
Nick is with Goldman Sachs Australia Pty Ltd as Head of Financial
Institutions Equities Research.
Prior to this Nick was a director of Credit Suisse First Boston Australia
Equities Limited and head of the firm’s equity research on the
Australian Insurance and Financial Services Industries.
Nick is in constant contact with large institutional investors in both the
Australian and offshore stock markets.
In the five years to 1999, Nick has been consistently a top ranked
analyst in independent surveys of Australian equity research.
Nick also works on investment banking mandates and on numerous
occasions has been involved in capital raising mandates, corporate
advice, and large secondary market block trades.
Interest in shares: 4,050,000 Ordinary Shares
Stephen Andrew Williams Non-Executive Director. Age 41
Experience: Steve Williams has spent the majority of his career in stockbroking,
initially with Jacksons Limited followed by eleven years with County
NatWest Securities Australia Limited.
Steve has extensive capital markets experience in assisting in building
County NatWest from a start up business to a top ranking Australian
stockbroking firm.
Steve Williams represents the Allaway Hawker Williams Development
Fund Pty Limited which is a venture capital Company and major
shareholder in InvestorInfo.
At Allaway Hawker Williams he has been involved in the analysis of
investment opportunities in medium size enterprises and in
management of developing companies.
Steve is a former Australian Rugby Union representative and a former
Vice Chairman of the NSW Rugby Union. He currently serves as a
board member of the Australian Rugby Union.
Interest in shares: 8,000,000 Ordinary Shares
9

Directors’ Report (continued)
AFTER BALANCE DATE EVENTS
No matters or circumstances have arisen since the end of the year which significantly affected or may
significantly affect the operations of the company, the results of those operations, or the state of affairs of the
company in subsequent financial years.
INDEMNIFYING OFFICERS OR AUDITOR
The company has not, during or since the year ended 30 June 2000, in respect of any person who is or has been
an officer or auditor of the company:
(a) Indemnified or made any relevant agreement for indemnifying against a liability incurred as an officer,
including costs and expenses in successfully defending legal proceedings; or
(b) Paid or agreed to pay a premium in respect of a contract insuring against a liability incurred as an officer for
the costs or expenses to defend legal proceedings.
OPTIONS
Options granted over unissued shares during the financial year under the InvestorInfo Limited directors’ option
plan include:
100,000 options granted to Mr Stephen R Williams at an exercise price of $0.50
The options granted are exercisable between 30/6/2000 and 29/6/2003
120,000 options granted to Mr Stephen R Williams at an exercise price of $0.65
The options granted are exercisable between 30/6/2001 and 29/6/2004
140,000 options granted to Mr Stephen R Williams at an exercise price of $0.80
The options granted are exercisable between 30/6/2002 and 29/6/2005
30,000 options granted to Mr Kieran J Kelly at an exercise price of $0.50
The options granted are exercisable between 30/6/2000 and 29/6/2003
50,000 options granted to Mr Kieran J Kelly at an exercise price of $0.65
The options granted are exercisable between 30/6/2001 and 29/6/2004
70,000 options granted to Mr Kieran J Kelly at an exercise price of $0.80
The options granted are exercisable between 30/6/2002 and 29/6/2005
30,000 options granted to Mr Gregory M Bright at an exercise price of $0.50
The options granted are exercisable between 30/6/2000 and 29/6/2003
50,000 options granted to Mr Gregory M Bright at an exercise price of $0.65
The options granted are exercisable between 30/6/2001 and 29/6/2004
70,000 options granted to Mr Gregory M Bright at an exercise price of $0.80
The options granted are exercisable between 30/6/2002 and 29/6/2005
30,000 options granted to Mr H Nicholas Selvaratnam at an exercise price of $0.50
The options granted are exercisable between 30/6/2000 and 29/6/2003
50,000 options granted to Mr H Nicholas Selvaratnam at an exercise price of $0.65
The options granted are exercisable between 30/6/2001 and 29/6/2004
70,000 options granted to Mr H Nicholas Selvaratnam at an exercise price of $0.80
The options granted are exercisable between 30/6/2002 and 29/6/2005
30,000 options granted to Mr Stephen A Williams at an exercise price of $0.50
The options granted are exercisable between 30/6/2000 and 29/6/2003
50,000 options granted to Mr Stephen A Williams at an exercise price of $0.65
The options granted are exercisable between 30/6/2001 and 29/6/2004
70,000 options granted to Mr Stephen A Williams at an exercise price of $0.80
The options granted are exercisable between 30/6/2002 and 29/6/2005
10

Directors’ Report (continued)
No shares have been issued by virtue of the exercise of a directors’ option for the year ended 30 June 2000, and
there are 960,000 unissued ordinary shares for which directors’ options are outstanding at the date of this report.
DIRECTORS’ MEETINGS
The number of Directors’ meetings and the number of meetings attended by each of the Directors during the
financial year is summarised in the table below:
Board meetings
Directors Date appointed Eligible to attend Attended
G M Bright 27/07/1999 16 16
K J Kelly 27/07/1999 16 16
H N Selvaratnam 29/09/1999 11 10
S A Williams 29/09/1999 11 11
S R Williams 09/03/2000 7 7
DIRECTORS’ REMUNERATION
The table below sets out the remuneration for Directors for the financial year ended 30 June 2000. The
Constitution provides for Directors, other than executive Directors, to be paid a maximum sum of $250,000 for
their services. No Directors received Director’s fees.
Superannuation Directors’ Total
Directors Base Salary Contributions Fees Other Remuneration
$ $ $ $ $
G M Bright 146,242 7,054 - - 153,296
K J Kelly 157,141 7,233 - - 164,374
H N Selvaratnam - - - - -
S A Williams - - - - -
S R Williams - - - - -
Total 303,383 14,287 - - 317,670
Signed in accordance with a resolution of the Board of Directors.
Stephen R Williams Kieran J Kelly
Chairman Managing Director
Dated this Friday 18 th of August, 2000.
11

PROFIT AND LOSS STATEMENT
FOR THE YEAR ENDED 30 JUNE 2000
2000 1999
Operating profit before income tax 588,676 -
Income tax attributable to operating profit 210,954 -
Operating profit after income tax 377,722 -
Retained profits at the beginning of the financial period
- -
Total available for appropriation 377,722 -
Dividends paid or proposed - -
Retained profits at end of the financial period 377,722 -
The profit and loss statement is to be read in conjunction with the discussion and analysis and notes to the
concise financial statements.
12

BALANCE SHEET AS AT 30 JUNE 2000
2000 1999
CURRENT ASSETS
Cash 7,200,769 -
Receivables 749,081 -
Other 19,846 -
TOTAL CURRENT ASSETS 7,969,696 -
NON-CURRENT ASSETS
Property, plant and equipment 299,544 -
Intangibles 461,679
Other 49,923 -
TOTAL NON-CURRENT ASSETS 811,146 -
TOTAL ASSETS 8,780,842 -
CURRENT LIABILITIES
Accounts payable 235,981 -
Provisions 411,045 -
TOTAL CURRENT LIABILITIES 647,026 -
TOTAL LIABILITIES 647,026 -
NET ASSETS 8,133,816 -
EQUITY
Issued Capital 7,756,094 -
Retained profits 377,722 -
TOTAL EQUITY 8.133,816 -
The balance sheet is to be read in conjunction with the discussion and analysis and notes to the concise financial
statements.
13

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2000
2000 1999
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers 3,620,956 -
Payments to suppliers and employees (3,472,972) -
Interest received 138,721 -
Net cash provided by (used in) operating activities 286,705 -
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment (136,597) -
Purchase of other non-current assets (705,433) -
Net cash provided by (used in) investing activities (842,030) -
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issue of shares 8,200,004
Transaction costs relating to share issues (443,910) -
Net cash provided by (used in) financing activities 7,756,094 -
Net increase/(decrease) in cash held 7,200,769 -
Cash at 1 July, 1999 - -
Cash at 30 June 2000 7,200,769 -
The statement of cash flows is to be read in conjunction with the discussion and analysis and notes to the
concise financial statements.
14

DISCUSSION AND ANALYSIS
PROFIT & LOSS STATEMENT FOR THE YEAR ENDED 30 JUNE 2000
Revenue
Revenue from operating activities was $4,207,266, largely attributed to advertising revenue associated with the
company’s two titles, Investor Weekly ($1,852,797) and Investor’s Advisor ($1,973,751). These titles also
derive sales through subscription, artwork and editorial income, amounting to $227,827 for the current period.
The company’s conference revenue contributed $134,953 to operating revenue. Revenue from outside of
operating activities predominantly includes interest income ($123,205) and to a lesser extent rental income
($17,529).
Costs
Print and postage are the largest costs of production amounting to $1,447,873. The other significant costs for
the company are employment costs ($1,349,266) and administrative costs ($516,210). The income tax expense
for the year $210,953, is marginally different from the prima facie 36% due to permanent differences and the tax
effect of a change in the company tax rate to 34%.
Net Profit
The after tax operating profit of $377,722 was approximately 6% over the prospectus forecast of $355,000.
This was largely attributed to the success of Investor’s Advisor, launched in October 1999, and the continued
success of Investor Weekly. The success reflects the substantial business and competitive strengths the
company has built, including a larger and more diverse client base and strong brand.
Trends
As the company was only incorporated in the current financial year it is difficult to establish trends and forecast
operating results. However, due to continual growth in both the advertising and funds management industries
profits are expected to grow in a linear fashion that reflects the growth of these two industries.
BALANCE SHEET AS AT 30 JUNE 2000
Current assets
Comprises substantially of $750,047 cash at bank, $6,450,722 in the short-term money market and $749,081 in
trade debtors. Other current assets include; interest receivable ($4,330), prepayments ($5,810) and future income
tax benefit ($9,706).
Non-current assets
Includes $105,713 of plant and equipment, $193,831 attributed to product and database development and
$461,679 in goodwill/mastheads. The balance of $49,923 comprises bonds ($23,000) and bank guarantees
($26,923).
Current liabilities
Accounts payable comprises trade creditors ($140,391) and accrued expenses ($95,590). Provisions include;
provision for deferred revenue ($162,771), provision for annual leave ($27,615), provision for income tax
($190,304) and provision for deferred income tax liability ($30,355). There are no non-current liabilities and
the company has no borrowing commitments.
Equity
Comprising issued capital of $7,756,094 and retained profits of $377,722 resulting in net assets of $8,133,816.
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2000
Net cash provided from operating activities reflect that the company is in a positive cash position through the
core running of the business. Net cash used in investment activities reflects the purchase of plant and
equipment, intangibles (mastheads) and the cash used in product and database development. The financing of
these capital expenditure programs is expected to decrease in the 2001 financial year. Net cash provided from
financing activities is directly attributed to the proceeds form the issue of shares. The company has no servicing
or repayment obligations.
15

NOTES TO THE CONCISE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2000
NOTE 1 – BASIS OF ACCOUNTING
The concise financial report has been prepared in accordance with the Corporations Law, Accounting Standard
AASB 1039 ‘Concise Financial Reports’ and applicable Urgent Issues Group Consensus Views. The financial
statements and specific disclosures required by AASB 1039 have been derived from the entity’s full financial
report for the financial year. Other information included in the concise financial report is consistent with the
entity’s full financial report. The concise financial report does not, and cannot be expected to, provide as full an
understanding of the financial performance, financial position and financing and investing activities of the entity
as a full financial report.
NOTE 2 – COMPARATIVE INFORMATION
The entity was incorporated during the twelve months to 30 June 2000. Accordingly, no comparative
information is available.
NOTE 3 – SEGMENT REPORTING
The entity derive income within the finance journalism industry predominantly within Australia.
NOTE 4 – SALES REVENUE 2000 1999
Operating activities
- sale of goods 4,207,266 -
- interest received 123,205 -
- rental revenue 17,529
- other revenue 2,317 -
- Total revenue 4,350,317 -
NOTE 5 – DIVIDENDS
No dividends have been paid or declared by the company during the financial year.
NOTE 6 – EARNINGS PER SHARE 2000 1999
Basic earnings per share (cents per share) 2.4 -
Weighted average number of ordinary shares outstanding
during the year used in calculation of basic EPS 15,699,453 -
Diluted earnings per share has not been disclosed as it is not
materially different to the basic EPS.
NOTE 7 – SUBSEQUENT EVENTS
The company launched an additional product InvestorDaily.com on 11 th July 2000. No other significant events
occurred subsequent to reporting date.
16

The directors of the Company declare that:
DIRECTORS’ DECLARATION
1. the accompanying concise financial report and notes, as set out on pages 12 to 16:
- has been derived from the full financial report for the financial year;
- comply with Australian Accounting Standard AASB 1039 ‘Concise Financial Report’ and
the Corporations Law; and,
- give a true and fair view of the financial position as at 30 June 2000 and performance for
the period ended on that date of the Company;
2. in the director’s opinion there are reasonable grounds to believe that the Company will be able to
pay its debts as and when they become due and payable.
At the date of this declaration, there are reasonable grounds to believe that the Company will be able to meet
any obligations or liabilities to which they are, or may become subject to, by virtue of the deed.
This declaration is made in accordance with a resolution of the Board of Directors.
Chairman
Dated this 18 th
day of
August 2000.
17

Scope
INDEPENDENT AUDIT REPORT ON THE CONCISE FINANCIAL REPORT
TO THE MEMBERS OF INVESTORINFO LIMITED
We have audited the concise financial report of InvestorInfo Limited for the financial year ended 30 June 2000,
consisting of the profit and loss statement, balance sheet, statement of cash flows, accompanying notes 1 to 7,
and discussion and analysis on the profit and loss statement, balance sheet, and statement of cash flows, set out
on pages 12 to 17 in order to express an opinion on it to the members of the company. The company’s directors
are responsible for the concise financial report.
Our audit has been conducted in accordance with Australian Auditing Standards to provide reasonable assurance
whether the concise financial report is free of material misstatement.
We have also performed an independent audit of the full financial report of InvestorInfo Limited for the
financial year ended 30 June 2000. Our audit report on the full financial report was signed on 23 August 2000,
and was not subject to any qualification.
Our procedures in respect of the concise financial report included examination, on a test basis, of evidence
supporting the amounts and other disclosures in the concise financial report, and the evaluation of accounting
policies and significant accounting estimates. These procedures have been undertaken to form an opinion
whether, in all material respects, the concise financial report is presented fairly in accordance with Accounting
Standard AASB 1039 ‘Concise Financial Report issued in Australia
The audit opinion express in this report has been formed on the above basis.
Audit Opinion
In our opinion the concise financial report of InvestorInfo Limited for the financial year ended 30 June 2000
complies with AASB 1039 ‘Concise Financial Reports’.
K.N. BROMLEY & CO.
5 th Floor, 71-73 Archer Street Peter Forsyth (Partner)
Chatswood NSW 2067 6 September 2000
18

SHAREHOLDER INFORMATION as at 30 June 2000
1. Shareholding
(a) Distribution of Shareholders
Ordinary
Shares
Category (size of Holding)
1 – 1,000 1
1,001 – 5,000 202
5,001 – 10,000 268
10,001 – 100,000 158
100,000 – and over 36
(b) The number of shareholdings in less than marketable parcels
is 1.
(c) The names of the substantial shareholders listed in the
Company’s register as at 30 July 2000 are:
Number of
Ordinary
Shares
Kelwane Pty Ltd representing the interests of Mr G M Bright
(Executive Director) 10,004,000
Australian Pastoral Holdings Pty Ltd representing the interest
of Mr K J Kelly (Executive Director) 10,000,000
Allaway Hawker Williams Development Fund Pty Ltd
representing the interest of Mr S A Williams (Non-executive
Director) 8,000,000
HNS Investments Pty Ltd (2,000,000), H Nicholas Selvaratnam
(2,050,000) representing the interest of Mr H N Selvaratnam
(Non-executive Director) 4,050,000
(d) All shares are ordinary shares and carry the same voting
rights.
2. Quotation has been granted for all the ordinary shares of the Company on all Member Exchanges of the
Australian Stock Exchange Limited.
3. Restricted Securities
(a) On 14 th March 2000, the company allotted 40,000,000 ordinary shares to be shareholders on the basis of 10
shares for every 1 share held. There are a total of nineteen holders with restricted securities, comprising
35,700,000 ordinary shares. The escrow period is for 24 months from the date of quotation of the
company’s shares on the Australian Stock Exchange (9 th May 2000), with the exception of 6,500,000
ordinary shares with an escrow period ending on 28 th September 2000.
(c) On 14 th March 2000, 2,445,000 options were granted under the company Employee option plan to purchase
ordinary shares at an exercise price of :
- $0.25 each, exercisable on or before 29 th June 2003 (815,000 options)
- $0.65 each, vesting 30 th June 2001 and exercisable on or before 29 th June 2004 (635,000 options)
- $0.80 each, vesting 30 th June 2002 and exercisable on or before 29 th June 2005 (995,000 options)
(d) (d) On 14 th March 2000, 960,000 options were granted under the company Directors’ option plan to
purchase ordinary shares at an exercise price of :
- $0.50 each, exercisable on or before 29 th June 2003 (220,000 options)
- $0.65 each, vesting 30 th June 2001 and exercisable on or before 29 th June 2004 (320,000 options)
- $0.80 each, vesting 30 th June 2002 and exercisable on or before 29 th June 2005 (420,000 options)
19

SHAREHOLDER INFORMATION (continued)
Twenty Largest Shareholders
Number of
Ordinary Fully
Paid Shares Held
% Held of
Issued
Ordinary
Capital
1 Kelwane Pty Ltd representing the interests of Mr G M Bright
(Executive Director) 10,004,000 19.2
2 Australian Pastoral Holdings Pty Ltd representing the interest of
Mr K J Kelly (Executive Director) 10,000,000 19.2
3 Allaway Hawker Williams Development Fund Pty Ltd
representing the interest of Mr S A Williams (Non-executive
Director) 8,000,000 15.4
4 HNS Investments Pty Ltd (2,000,000), H Nicholas Selvaratnam
(2,050,000) representing the interest of Mr H N Selvaratnam
(Non-executive Director) 4,050,000 7.8
5 Mr S Thurlow (1,500,000), Jantill Pty Ltd (210,000) 1,710,000 3.3
6 Anicon Pty Ltd (1,500,000), S Ballas (4,000) 1,504,000 2.9
7 Exchange Finance Pty Ltd 1,200,000 2.3
8 Permanent Trustee Australia Ltd 1,075,000 2.1
9 Mr C Cuffe 1,000,000 1.9
10 Global Media Investments Ltd 600,000 1.2
11 Cardy & Company Pty Ltd 556,000 1.1
12 Uvira Holdings Pty Ltd 504,000 1.0
13 Mr J Corr (equal holding) 500,000 1.0
14 Mr P Dorrian (equal holding) 500,000 1.0
15 Mr Ian Knox (equal holding) 500,000 1.0
16 Chase Manhattan Nominees Ltd 450,000 0.9
17 Bowyang Nominees Pty Ltd 402,000 0.8
18 Ms S Lee 400,000 0.8
19 Belike Nominees Pty Ltd (equal holding) 200,000 0.4
20 Mr C Grubb (equal holding) 200,000 0.4
21 Oldyear Pty Limited (equal holding) 200,000 0.4
22 Tektite Pty Ltd (equal holding) 200,000 0.4
$43,755,000 84.1
20

Directory
Company information Notice of meeting
Registered office The Annual General meeting of InvestorInfo Limited will
Level 10, 51-57 Pitt Street be held at 11:30 am on Wednesday, 11 October 2000 at
Sydney NSW 2000 the MGSM Building, level 6, 51-57 Pitt Street, Sydney.
Telephone: (02) 9241 3333
Facsimile: (02) 9241 5466 Further information regarding the Meeting, including the
Website: www.investorweekly.com business to be dealt with, is contained in the notice of
meeting and proxy form, which are included with this
Investor information Annual Report.
Share registry
Computershare Registry Services Pty Limited Dividend Policy
Level 3, 60 Carrington Street The Directors of InvestorInfo Limited do not intend to
Sydney NSW 2000 declare any dividend in respect of the 2000 financial year.
Telephone: (02) 8234 5222
Facsimile: (02) 8234 5050 Future annual reports
Wesite: www.cshare.com.au If you do not wish to receive the InvestorInfo Limited
annual report in the future, please call (02) 9241 3333
Stock exchange listing and ask to be taken off the mailing list.
Australian Stock Exchange Limited
ASX code: INV A copy of the detailed financial statements, the Annual
Financial Report, including more detailed analysis and
Auditors discussion, is also available to shareholders, and upon
Bromley’s Chartered Accountants request will be sent to shareholders without charge. A
copy can be requested by telephone (02 9241 3333).
Company Secretary Shareholders can also access both the Concise Annual
J Patrick Kelly Report and the Annual Financial Report through the
internet at www.investorweekly.com.
21