6-K 1 qxl27016k.txt CLAIM & Q3 ANNOUNCEMENT DATE FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of January, 2003 QXL ricardo PLC Landmark House Hammersmith Bridge Road London W6 9EJ United Kingdom Tel: 44-208-962 7100 (Address of principal executive offices) (Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.) Form 20-F..X.. Form 40-F..... (Indicate by check mark whether the registrant by furnishing the information contained in this Form 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- ________ ) QXL ricardo plc Notice of Claim and Announcement Date for Q3 Results Monday 27 January 2003 The Board of QXL ricardo plc (the "Company") has received notice of a third party claim in respect of the ownership of 92% of its Polish subsidiary, QXL Poland sp z.o.o. The Company is currently investigating this claim and the circumstances surrounding it. As the claim is based on events that are said to have occurred on 30 December 2002 it is not expected that the claim will have any material effect on the trading results for the quarter ending 31 December 2002. The Company expects to announce these results in the first half of February 2003. For further enquiries please contact: investorrelations@qxl.com END QXL ricardo PLC Date 29 January, 2003 By:___/s/ Tom Parkinson___ Tom Parkinson General Counsel and Company Secretary

Financial Highlights (UK GAAP) Quarter Ended Quarter Ended 6 Months Ended 6 Months Ended 30 September 30 September 30 September 30 September 2002 2001 2002 2001 GBP'000 GBP'000 GBP'000 GBP'000 Turnover 1,333 1,155 2,924 2,712 Gross Profit 1,333 1,145 2,900 2,214 Trading loss 2,718 6,142 5,864 14,666 Loss on ordinary activities 5,320 7,883 10,195 18,584

Reconciliation of Trading loss to Loss on ordinary activities Quarter Ended Quarter Ended 6 Months Ended 6 Months Ended 30 September 30 September 30 September 30 September 2002 2001 2002 2001 GBP'000 GBP'000 GBP'000 GBP'000 Trading loss 2,718 6,142 5,864 14,666 Goodwill amortisation 1,788 1,886 3,575 4,274 Reversal of VAT provision (376) - (376) - Restructuring costs 1,258 - 1,258 - Total operating loss 5,388 8,028 10,321 18,940 Net interest receivable (68) (145) (126) (356) Loss on ordinary activities before taxation 5,320 7,883 10,195 18,584

QXL ricardo plc Consolidated profit and loss account Second Quarter and Six Months Results - UK GAAP Quarter Quarter Six months Six months Ended Ended Ended Ended 30 September 30 September 30 September 30 September 2002 2001 2002 2001 Unaudited Unaudited Unaudited Unaudited GBP'000 GBP'000 GBP'000 GBP'000 Turnover Operations before acquisitions 1,251 1,155 2,842 2,712 Acquisitions 82 - 82 - Continuing operations 1,333 1,155 2,924 2,712 Cost of sales 0 10 24 498 Gross profit 1,333 1,145 2,900 2,214 Distribution costs 4,705 6,601 9,504 14,351 Administrative expenses 2,016 2,572 3,716 6,803 Operating loss Operations before acquisitions (5,179) (8,028) (10,111) (18,940) Acquisitions (209) - (209) - Continuing operations (5,388) (8,028) (10,320) (18,940) Net interest receivable 68 145 125 356 Loss on ordinary activities before taxation (5,320) (7,883) (10,195) (18,584) Tax on loss on ordinary activities - - - - Minority interest 6 30 50 1,188 Retained loss (5,314) (7,853) (10,145) (17,396) Operating expenses above analysed as: Sales and marketing 1,847 3,782 4,492 8,816 Bad debt provision 331 492 698 820 Restructuring costs - S&M 739 - 739 - Goodwill amortisation - S&M 1,788 2,327 3,576 4,715 Distribution costs 4,705 6,601 9,505 14,351 General and administrative 995 1,352 2,022 2,986 Goodwill amortisation - technology & development - (441) - (441) Technology & development 878 1,761 1,551 4,344 Restructuring costs - technology & 519 - 519 - development Reversal of VAT provision (376) - (376) - Share based compensation - (100) - (86) Administrative expenses 2,016 2,572 3,716 6,803

QXL ricardo plc Consolidated Balance Sheet -UK GAAP 30 September 30 September 31 March 2002 2001 2002 Unaudited Unaudited Audited GBP'000 GBP'000 GBP'000 Fixed assets: Intangible assets 7,152 16,815 10,727 Tangible assets 639 4,925 1,050 Investments - 70 25 7,791 21,810 11,802 Current assets: Stock 33 80 34 Debtors and prepayments 3,508 6,333 3,656 Cash at hand and at bank 6,846 16,979 14,093 10,387 23,392 17,783 Creditors: amounts falling due within 1 year (3,886) (6,965) (5,200) Net current assets: 6,501 16,427 12,583 Total assets less current liabilities 14,292 38,237 24,385 Creditors: amounts falling due after 1 year (48) (112) (91) Convertible bonds (14,492) (10,094) (14,632) Net (liabilities) /assets (248) 28,031 9,662 Called up share capital 891 709 837 Share premium account 225,846 222,798 225,637 Merger reserve 9,137 9,137 9,137 Profit & loss account (235,464) (204,595) (225,216) Total equity shareholders' funds 410 28,049 10,395 Equity minority interest (658) (18) (733) Deficit / capital employed (248) 28,031 9,662

QXL ricardo plc Consolidated Cashflow Statement - UK GAAP Six months Six months Year Ended Ended Ended 30 September 30 September 31 March 2002 2001 2002 Unaudited Unaudited Audited GBP'000 GBP'000 GBP'000 Net cash outflow from operating activities (7,685) (15,382) (24,468) Returns on investment and servicing of finance 260 439 1,002 Capital expenditure and financial investment (77) (347) (209) Acquisitions - (243) - Cash outflow before management of liquid resources and financing (7,502) (15,533) (23,675) Management of liquid resources - 13,042 13,042 Financing 255 8,227 13,518 Increase/(decrease) in cash (7,247) 5,736 2,885

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