1、 WEBJET LIMITED AND CONTROLLED ENTITIES A.C.N.002 013 612 ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2003 -2-WEBJET LIMITED AND CONTROLLED ENTITIES ACN 002 013 612 DIRECTORS REPORT Your directors present their report on the company and its controlled entities for the financial year ended 30 June 2003.
2、Directors The names of the directors in office at any time during or since the end of the year are:Allan Nahum Bernard H Lochtenberg David R Clarke John Lemish Steven Scheuer Directors have been in office since the start of the financial year to the date of this report unless otherwise stated.Princi
3、pal Activities The economic entitys principal activity is that of an electronic manager and marketer of travel and related services,utilising the internet and other mediums.Operating Results The consolidated result for the year ended 30 June 2003 was a loss of$1,684,167(2002:loss$1,587,220).Dividend
4、s Since the end of the previous final year no amount has been paid or declared by way of dividend.The directors do not recommend that any dividend be paid.Review of Operations The year ended 30 June 2003 has produced a consolidated loss of$1.684 million(2002:loss$1.587 million).As has been extensive
5、ly reported in the general media,all travel operations in Australia were adversely affected in the course of 02/03 by a series of external events including the Bali terrorism incident,the outbreak of hostilities in the Gulf,followed in turn by SARS in Asia.In our view,the impact of these events has
6、in many cases led to a deferment of travel plans and an alternative spend of the discretionary holiday dollar on consumer durables,motorcars,house upgrades and associated matters.It is impossible to precisely quantify the impact of these events.We note that turnover growth which had been compounding