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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
AMENDMENT 1
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 28, 1996
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Commission file number 1-8139
MITEL CORPORATION
(Exact name of registrant as specified in its charter)
CANADA NONE
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
350 Legget Drive
P.O. Box 13089
Kanata, Ontario, Canada K2K 1X3
(Address of principal (Postal Code)
executive offices)
Registrant's telephone number, including area code: (613) 592-2122
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act
of 1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.
Yes (X) No ( )
The number of common shares outstanding as at June 28, 1996 was 107,194,644.
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PART II - OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K
a) Exhibits
* Exhibit 11(a) Computation of earnings per share under Canadian
accounting principles.
* Exhibit 11(b) Computation of earnings per share under United
States accounting principles.
Exhibit 27 Financial Data Schedule
* Previously filed with the Form 10-Q.
b) Reports on Form 8-K
During the quarter ended June 28, 1996, the company filed Forms 8-K and
8-K/A reporting the acquisition on March 29, 1996 of 100 percent of the
voting shares of ABB Hafo AB, of Jarfalla, Sweden from Asea Brown Boveri AB.
The Form 8-K/A included the audited financial statements of the business
acquired for the year ended December 31, 1995, and unaudited pro forma
condensed consolidated financial statements as at March 29, 1996.
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
MITEL CORPORATION (Registrant)
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<S> <C>
October 16, 1996 JEAN-JACQUES CARRIER
Date Jean-Jacques Carrier
Vice President of Finance
and Chief Financial Officer
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EXHIBIT INDEX
Exhibit Number Description
* 11(a) Computation of earnings per share under
Canadian accounting principles.
* 11(b) Computation of earnings per share under
United States accounting principles.
27 Financial Data Schedule
* Previously filed with the Form 10-Q.
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information (prepared in accordance
with accounting principles generally accepted in Canada) extracted from the
accounting records of Mitel Corporation and included in the Consolidated
Statements of Income for the Three Months Ended June 28, 1996 and the
Consolidated Balance Sheets at June 28, 1996 and is qualified in its entirety
by reference to such financial statements. For purposes of this schedule,
<EPS-PRIMARY> is <EPS-BASIC> under Canadian generally accepted accounting
principles.
[/LEGEND]
<MULTIPLIER> 1,000
<CURRENCY> CANADIAN DOLLARS
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> MAR-28-1997
<PERIOD-START> MAR-30-1996
<PERIOD-END> JUN-28-1996
<EXCHANGE-RATE> 1.0
<CASH> 7,567
<SECURITIES> 120,853
<RECEIVABLES> 130,556
<ALLOWANCES> 5,697
<INVENTORY> 80,369
<CURRENT-ASSETS> 347,873
<PP&E> 365,016
<DEPRECIATION> 213,420
<TOTAL-ASSETS> 510,683
<CURRENT-LIABILITIES> 130,594
<BONDS> 4,625
0
37,200
<COMMON> 152,593
<OTHER-SE> 126,422
<TOTAL-LIABILITY-AND-EQUITY> 510,683
<SALES> 158,134
<TOTAL-REVENUES> 158,134
<CGS> 76,567
<TOTAL-COSTS> 76,567
<OTHER-EXPENSES> 69,173
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 544
<INCOME-PRETAX> 13,614
<INCOME-TAX> 2,909
<INCOME-CONTINUING> 10,705
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 10,705
[EPS-PRIMARY] 0.09
<EPS-DILUTED> 0.09
4
</TABLE>