6-K 1 doc1.txt U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the Month of DECEMBER 2002 Commission File Number 1-4192 DTA HOLDING AKTIENGESELLSCHAFT (Exact Name of Registrant as specified in its charter) PEINER STRABE 8, 30519 HANNOVER, GERMANY (Address of office) DIGITALE TELEKABEL AG (Former name) (Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F). [X] Form 20-F [ ] Form 40-F Indicate by check mark if the Registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ---------------- Indicate by check mark if the Registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ---------------- Indicate by check mark whether by furnishing the information contained in this Form, the Registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: Yes No X ----- ----- If "Yes" is marked, indicate below the file number assigned to the Registrant in connection with Rule 12g3-2(b): 82- ---------------- DTA HOLDING AKTIENGESELLSCHAFT (FORMERLY DIGITALE TELEKABEL AG) BALANCE SHEETS -UNAUDITED-
JUNE 30, 2002 DECEMBER 31, 2001 ------------- ----------------- E E - - ASSETS, CURRENT Cash 57,866 59,543 Tax Refund Receivable - 61,094 Receivables from Affiliated Companies 3,320,701 3,250,893 Other Current Assets 87,805 165,738 ------------- ----------------- TOTAL ASSETS 3,466,372 3,537,268 ============= ================= LIABILITIES AND STOCKHOLDERS' EQUITY LIABILITIES, CURRENT Accounts Payable 5,534 28,555 Bank Overdraft - 841 Tax Liabilities - 103,411 Payable to an Affiliated Company 10,000 - Other Payables 31,235 26,075 ------------- ----------------- TOTAL LIABILITIES 46,769 158,882 ------------- ----------------- STOCKHOLDERS' EQUITY Capital Stock, E2.56 (DM 5.00) Par Value 750,000 Ordinary Shares Issued Capital Subscribed 1,917,345 1,917,345 Additional Paid-in Capital 2,225,497 2,225,497 Accumulated Deficit (723,239) (764,456) ------------- ----------------- TOTAL STOCKHOLDERS' EQUITY 3,419,603 3,378,386 ------------- ----------------- TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 3,466,372 3,537,268 ============= =================
See Notes to the Financial Statements. DTA HOLDING AKTIENGESELLSCHAFT (FORMERLY DIGITALE TELEKABEL AG) STATEMENT OF OPERATIONS -UNAUDITED-
JANUARY 1, 2002 - JANUARY 1, 2001 - ----------------- ----------------- JUNE 30, 2002 JUNE 30, 2001 ------------- ------------- E E - - REVENUES Sales - 390,062 Gain on sale of equipment - 1,469,698 Other income 12,768 66,725 --------------- --------------- TOTAL REVENUES 12,768 1,926,485 --------------- --------------- OPERATING EXPENSES General and administrative 41,201 384,558 Depreciation Expense - 119,438 --------------- --------------- TOTAL OPERATING EXPENSES 41,201 503,996 --------------- --------------- PROFIT (LOSS) BEFORE INTEREST, INCOME FROM INVESTMENTS AND INCOME TAX (28,433) 1,422,489 Income from Investments - 282 Interest income 69,821 16,909 Interest expense (171) (7,670) --------------- --------------- Profit before taxes 41,217 1,432,010 Income Tax - - --------------- --------------- Net Profit 41,217 1,432,010 =============== =============== Earnings Per Ordinary Share 0.05 1.91 =============== =============== Number of Ordinary Shares Outstanding 750,000 750,000 =============== ===============
See Notes to the Financial Statements. DTA HOLDING AKTIENGESELLSCHAFT (FORMERLY DIGITALE TELEKABEL AG) STATEMENTS OF CASH FLOWS -UNAUDITED-
JANUARY 1, 2002 - JANUARY 1, 2001 - ----------------- ----------------- JUNE 30, 2002 JUNE 30, 2001 ------------- ------------- E E - - OPERATING ACTIVITIES Net Income 41,217 1,432,010 Adjustment to Reconcile Net Income to Net Cash Provided by Operating Activities: Depreciation - 119,438 CHANGES IN ASSETS AND LIABILITIES (Increase) Decrease in: Accounts Receivable - (30,260) Prepaid Expenses - 765 Tax Refund Receivable 61,094 71,601 Other Current Assets 77,933 26,934 Receivable from Affiliated Companies (69,808) (2,959,285) Increase (Decrease) in: Accounts Payable (23,021) (56,473) Accrued Expenses - (20,189) Tax Liabilities (103,411) 499,969 Payable to an Affiliated Company 10,000 (100,517) Other Current Liabilities 5,160 (281,393) ------------ ------------- CASH USED IN OPERATING ACTIVITIES (836) (1,297,400) ------------ ------------- INVESTING ACTIVITIES Sale and Disposal of Equipment and Intangible Assets (net) - 2,227,721 Cable Network in Progress - 77,308 ------------ ------------- CASH PROVIDED BY INVESTING ACTIVITIES - 2,305,029 ------------ ------------- Financing Activities: Bank Overdraft (841) - Loans - (1,022,584) ------------ ------------- CASH USED IN FINANCING ACTIVITIES (841) (1,022,584) Net Decrease in Cash (1,677) (14,955) Cash, Beginning of Period 59,543 33,449 ------------ ------------- Cash, End of Period 57,866 18,493 ============ ============= SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION Cash paid during the period Interest 171 - Income Taxes - -
See Notes to the Financial Statements. DTA HOLDING AKTIENGESELLSCHAFT (FORMERLY DIGITALE TELEKABEL AG) NOTES TO THE FINANCIAL STATEMENTS -UNAUDITED- (1) BASIS OF PRESENTATION The interim period financial statements have been prepared by DTA Holding Aktiengesellschaft (the "Company") in accordance with generally accepted accounting principles ("GAAP") applicable in the United States. The preparation of financial data is based on accounting principles and practices consistent with those used in the preparation of the most recent annual financial statements. Certain information and footnote disclosure normally included in financial statements prepared in accordance with GAAP have been condensed or omitted. These interim period statements should be read together with the audited financial statements and the accompanying notes included in the Company's latest annual report on Form 20-F. In the opinion of the Company, its unaudited interim financial statements contain all adjustments necessary in order to present a fair statement of the results of the interim periods presented. (2) CHANGE OF COMPANY'S NAME At the September 24, 2002 meeting of shareholders, the shareholders approved, among other things, the change of the name of the Company from "Digitale Telekabel AG" to "DTA Holding Aktiengesellschaft". The name change became effective December 9, 2002 when it was entered into the commercial register in Germany. (3) EARNINGS PER ORDINARY SHARE Earnings per ordinary share is based on the 750,000 ordinary shares issued and outstanding during the six-month periods ended June 30, 2002 and 2001, respectively. (4) CHANGE IN REPORTING CURRENCY Effective from January 1, 2002, the German government officially adopted the Euro to replace the German deutschmark as its legal currency. Accordingly, the Company uses the Euro as its reporting currency and all comparative amounts have been restated to Euros at the fixed exchange rate of Euro 1 to German deutschmark 1.95583. (5) COMMITMENTS OPERATING LEASE - The Company leases office space located in Frankfurt, Germany, pursuant to the terms of a ten year lease. The office location in Frankfurt was sub-rented by rental agreements which expired June 2002. (6) DIFFERENCES BETWEEN GERMAN GAAP AND U.S. GAAP The U.S. GAAP applied in the preparation of the financial statements differs in some respects from German GAAP. Under German GAAP, the expenses relating to the Company's initial public offering of E 556,591 are part of the German statement of operations. For this reason the accumulated deficit in conformity with German GAAP is E 1,279,830 as at June 30, 2002 (E 1,321,047 as at December 31, 2001). For the same reason, the additional paid-in capital according to German GAAP amounts to E 2,782,088 as at June 30, 2002 and December 31, 2001, respectively. (7) SUBSEQUENT EVENTS On October 1, 2002, the Company acquired from an affiliated company a 17.23-acre property in Washington State in the United States for a purchase price of U.S. $2.65 million, comprised of a cash payment of approximately U.S. $2.2 million and an assumption of U.S. $0.4 million in liabilities. The property has been under development by its previous owner as a combined mini-storage, warehouse and office facility. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Registrant DTA Holding Aktiengesellschaft -------------------------------- By /s/ Michael J. Smith -------------------------------- MICHAEL J. SMITH, MEMBER OF MANAGEMENT BOARD Date December 30, 2002 -------------------