Announcement PDF XREF PTY LTD ABN 30 147 613 938 Financial Statements For the year ended 30 June 2015 DocuSign Envelope ID: 4A6C4BE9-0FD0-489B-BCFB-BF4C360E2279 XREF PTY LTD ABN 30 147 613 938 Contents Detailed Profit and Loss Statement Detailed Balance Sheet Notes to the Financial Statements Depreciation Schedule Directors' Declaration Compilation Report HALL CHADWICK di ( NSW) Chartered Accountants and Business Advisers XREF PTY LIMITED ABN 30 147 613 938 SYDNEY AUDITOR'S INDEPENDENCE DECLARATION UNDER SECTION 307C OF THE CORPORATIONS ACT 2001 TO THE DIRECTORS OF XREF PTY LIMITED Level 40 2 Park Street Sydney NSW 2000 Australia I declare that, to the best of my knowledge and belief, during the year ended 30 June 2015 there has been no contraventions of: GPO Box 3555 Sydney NSW 2001 Ph: (612) 9263 2600 Fx : (612) 9263 2800 i. the auditor independence requirements; ii. any applicable code of professional conduct in relation to the audit. /Vgzeeewz HALL CHADWICK Level 40, 2 Park Street Sydney, NSW 2000 Drew Townsend Partner Date: 20 November 2015 A member of AGN International Ltd, a worldwide association of separate and independent accounting and consulting firms www.hallchadwick.com.au SYDNEY • NEWCASTLE • PARRAMATTA • PENRITH • MELBOURNE • PERTH • BRISBANE • GOLD COAST • DARWIN Liability limited by a scheme approved under Professional Standards Legislation. DocuSign Envelope ID: 4A6C4BE9-0FD0-489B-BCFB-BF4C360E2279 XREF PTY LTD ABN 30 147 613 938 Detailed Profit and Loss Statement For the year ended 30 June 2015 2015 2014 $ $ - Sales 673,202 251,594 - Unearned income (304,574) (177,742) 368,628 73,852 Interest received 965 349 Other income 1,479 Total income 371,072 74,201 Accountancy 2,917 333 Advertising and promotion 19,355 8,496 Bank Fees And Charges 1,369 346 Cleaning/rubbish removal 964 224 Consultants fees 8,416 2,229 Depreciation 4,389 1,819 Donations 702 Electricity 613 288 Filing Fees 243 236 Hosting fees 8,896 3,683 Insurance 3,795 1,622 Office Supplies 2,202 556 Printing & stationery 1,602 754 Rent 28,369 15,477 Salaries - ordinary 413,660 136,999 Staff amenities 13,001 6,393 Staff training 2,250 Subscriptions 19,457 4,702 Sundry expenses 1,601 381 System development 16,822 17,756 Superannuation 39,312 11,640 Telephone 7,655 3,183 Travel, accom & conference 25,792 5,248 Income Sales Expenses These financial statements are unaudited. They must be read in conjunction with the attached Accountant's Compilation Report and Notes which form part of these financial statements. DocuSign Envelope ID: 4A6C4BE9-0FD0-489B-BCFB-BF4C360E2279 XREF PTY LTD ABN 30 147 613 938 Detailed Profit and Loss Statement For the year ended 30 June 2015 2015 $ 2014 $ Total expenses 623,382 222,366 Profit (Loss) from Ordinary Activities before income tax (252,310) (148,165) These financial statements are unaudited. They must be read in conjunction with the attached Accountant's Compilation Report and Notes which form part of these financial statements. DocuSign Envelope ID: 4A6C4BE9-0FD0-489B-BCFB-BF4C360E2279 XREF PTY LTD ABN 30 147 613 938 Detailed Balance Sheet as at 30 June 2015 Note 2015 $ 2014 $ Current Assets Cash Assets Cash at bank - Business online saver 63,000 1,001 Cash at bank - business trasaction acc 17,332 3,219 Cash at bank - expense account 715 38 Cash on hand 100 100 81,148 4,358 83,949 82,522 83,949 82,522 Receivables Trade debtors Other Prepayments 2,342 Other receivables 4,746 7,088 Total Current Assets 172,185 86,880 5,626 489 5,626 489 Office equipment - at cost 18,614 11,206 Less: Accumulated depreciation (8,357) (3,968) 10,257 7,238 Total Non-Current Assets 15,882 7,727 Total Assets 188,067 94,607 Non-Current Assets Receivables Loan - L Seymour Property, Plant and Equipment These financial statements are unaudited. They must be read in conjunction with the attached Accountant's Compilation Report and Notes which form part of these financial statements. DocuSign Envelope ID: 4A6C4BE9-0FD0-489B-BCFB-BF4C360E2279 XREF PTY LTD ABN 30 147 613 938 Detailed Balance Sheet as at 30 June 2015 Note 2015 2014 $ $ Current Liabilities Payables Unsecured: - Trade creditors 4,570 - Other creditors 16,093 111 Secured: - Accruals 4,981 4,528 9,551 20,732 72 72 482,316 177,742 482,388 177,814 GST Payable/(Receivable) 61,776 19,405 Amounts withheld from salary and wages 43,224 15,588 105,000 34,993 14,223 9,677 14,223 9,677 611,162 243,216 4,695 14,870 4,695 14,870 4,695 14,870 Financial Liabilities Unsecured: - Cash at bank - business flexi - Deferred income Current Tax Liabilities Provisions Sueperannuation payable Total Current Liabilities Non-Current Liabilities Financial Liabilities Unsecured: - Loan - T Griffiths Total Non-Current Liabilities These financial statements are unaudited. They must be read in conjunction with the attached Accountant's Compilation Report and Notes which form part of these financial statements. DocuSign Envelope ID: 4A6C4BE9-0FD0-489B-BCFB-BF4C360E2279 XREF PTY LTD ABN 30 147 613 938 Detailed Balance Sheet as at 30 June 2015 Note 2015 $ 2014 $ Total Liabilities 615,857 258,087 Net Assets (Liabilities) (427,789) (163,480) 100 100 Retained profits / (accumulated losses) (427,889) (163,580) Total Equity (427,789) (163,480) Equity Issued Capital Issued & paid up capital These financial statements are unaudited. They must be read in conjunction with the attached Accountant's Compilation Report and Notes which form part of these financial statements. DocuSign Envelope ID: 4A6C4BE9-0FD0-489B-BCFB-BF4C360E2279 XREF PTY LTD ABN 30 147 613 938 Notes to the Financial Statements For the year ended 30 June 2015 Note 1: Summary of Significant Accounting Policies The directors have prepared the financial statements on the basis that the company is a non-reporting entity because there are no users dependant on general purpose financial statements. The financial statements are therefore special purpose financial statements that have been prepared in order to meet the needs of the members. The financial statements have been prepared in accordance with the significant accounting policies disclosed below, which the directors have determined are appropriate to meet the needs of the members. Such accounting policies are consistent with the previous period unless stated otherwise. The financial statements have been prepared on an accruals basis and are based on historical costs unless otherwise stated in the notes. The accounting policies that have been adopted in the preparation of the statements are as follows: (a) Property, Plant and Equipment (PPE) Property, plant and equipment are carried at cost, independent or directors' valuation. All assets, excluding freehold land and buildings, are depreciated over their useful lives to the company. Increases in the carrying amount arising on revaluation of land and buildings are credited to a revaluation reserve in shareholders' equity. Decreases that offset previous increases of the same asset are charged against fair value reserves directly in equity; all other decreases are charged to the income statement. Each year the difference between depreciation based on the revalued carrying amount of the assets charged to the income statement and depreciation based on the asset's original cost is transferred from the revaluation reserve to retained earnings. The carrying amount of plant and equipment is reviewed annually by directors to ensure it is not in excess of the recoverable amount from these assets. The recoverable amount is assessed on the basis of the expected net cash flows that will be received from the asset's employment and subsequent disposal. The expected net cash flows have not been discounted in determining recoverable amounts. (b) Employee Benefits Provision is made for the company's liability for employee benefits arising from services rendered by employees to balance date. Employee benefits have been measured at the amounts expected to be paid when the liability is settled, plus related on-costs. (c) Cash and Cash Equivalents Cash and cash equivalents include cash on hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities on the balance sheet. (d) Revenue and Other Income Revenue is measured at the value of the consideration received or receivable after taking into account any trade discounts and volume rebates allowed. For this purpose, deferred consideration is not discounted to present values when recognising revenue. These notes should be read in conjunction with the attached compilation report of SUNNYSIDE ACCOUNTANTS. DocuSign Envelope ID: 4A6C4BE9-0FD0-489B-BCFB-BF4C360E2279 XREF PTY LTD ABN 30 147 613 938 Notes to the Financial Statements For the year ended 30 June 2015 Interest revenue is recognised using the effective interest rate method, which, for floating rate financial assets, is the rate inherent in the instrument. Dividend revenue is recognised when the right to receive a dividend has been established. Revenue recognised related to the provision of services is determined with reference to the stage of completion of the transaction at the reporting date and where outcome of the contract can be estimated reliably. Stage of completion is determined with reference to the services performed to date as a percentage of total anticipated services to be performed. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent that related expenditure is recoverable. All revenue is stated net of the amount of goods and services tax (GST). (e) Goods and Services Tax (GST) Revenues, expenses and assets are recognised net of the amount of GST, except where the amount of GST incurred is not recoverable from the Tax Office. In these circumstances, the GST is recognised as part of the cost of acquisition of the asset or as part of an item of the expense. Receivables and payables in the balance sheet are shown inclusive of GST. Cash flows are presented in the cash flow statement on a gross basis, except for the GST components of investing and financing activities, which are disclosed as operating cash flows. (f) Trade and Other Payables Trade and other payables represent the liability outstanding at the end of the reporting period for goods and services received by the company during the reporting period, which remain unpaid. The balance is recognised as a current liability with the amounts normally paid within 30 days of recognition of the liability. (g) Going Concern Basis The financial statements have been prepared on the going concern basis of accounting, which assumes the continuity of normal business activities and the realisation of assets and the settlement of liabilities in the ordinary course of business. Notwithstanding the company incurred a net loss after income tax for the financial year ended 30 June 2015 of $252,310 and had net liabilities of $427,789 as at 30 June 2015, the directors nevertheless believe that it is appropriate to prepare the financial report on a going concern basis because: (i)The loss for the year was impacted by higher operating expenses compared with last year. (ii)The company has budgeted a profit for the year ended 30 June 2016 and based on results to date the directors have no reason to believe that the budgeted profit will not be achieved. (iii)The company was able to raise $550,000 capital after year end to fund the company operations. These notes should be read in conjunction with the attached compilation report of SUNNYSIDE ACCOUNTANTS. DocuSign Envelope ID: 4A6C4BE9-0FD0-489B-BCFB-BF4C360E2279 XREF PTY LTD ABN 30 147 613 938 Notes to the Financial Statements For the year ended 30 June 2015 2015 2014 Note 2: Cash assets Bank accounts: - Cash at bank - Business online saver 63,000 1,001 - Cash at bank - business trasaction acc 17,332 3,219 715 38 100 100 81,148 4,358 83,949 82,522 83,949 82,522 5,626 489 5,626 489 5,626 489 - Cash at bank - expense account Other cash items: - Cash on hand Note 3: Receivables Current Trade debtors Non-Current Amounts receivable from: Loans from other persons - Loan - L Seymour Note 4: Other Assets Current Prepayments 2,342 Other 4,746 7,088 These notes should be read in conjunction with the attached compilation report of SUNNYSIDE ACCOUNTANTS. DocuSign Envelope ID: 4A6C4BE9-0FD0-489B-BCFB-BF4C360E2279 XREF PTY LTD ABN 30 147 613 938 Notes to the Financial Statements For the year ended 30 June 2015 2015 2014 Note 5: Property, Plant and Equipment Plant and equipment: - At cost 18,614 11,206 - Less: Accumulated depreciation (8,357) (3,968) 10,257 7,238 10,257 7,238 4,570 16,093 Note 6: Payables Unsecured: - Trade creditors - Other creditors 111 4,570 16,204 4,981 4,528 4,981 4,528 9,551 20,732 Secured: - Other creditors These notes should be read in conjunction with the attached compilation report of SUNNYSIDE ACCOUNTANTS. DocuSign Envelope ID: 4A6C4BE9-0FD0-489B-BCFB-BF4C360E2279 XREF PTY LTD ABN 30 147 613 938 Notes to the Financial Statements For the year ended 30 June 2015 2015 2014 Note 7: Financial Liabilities Current Unsecured: - Bank overdrafts 72 72 - Deferred income 482,316 177,742 482,388 177,814 482,388 177,814 4,695 14,870 4,695 14,870 4,695 14,870 4,695 14,870 GST Payable/(Receivable) 61,776 19,405 Amounts withheld from salary and wages 43,224 15,588 105,000 34,993 Non-Current Unsecured: Loans from other persons - Loan - T Griffiths Note 8: Tax Liabilities Current These notes should be read in conjunction with the attached compilation report of SUNNYSIDE ACCOUNTANTS. DocuSign Envelope ID: 4A6C4BE9-0FD0-489B-BCFB-BF4C360E2279 XREF PTY LTD ABN 30 147 613 938 Notes to the Financial Statements For the year ended 30 June 2015 2015 2014 Note 9: Provisions Current Employee entitlements* * Aggregate employee entitlements liability 14,223 9,677 14,223 9,677 14,223 9,677 100 100 There were 0 employees at the end of the year Note 10: Contributed Capital 100 Ordinary shares at $1.00 each fully paid Ordinary shares participate in dividends and the proceeds on winding up of the company in proportion to the number of shares held. At shareholders meetings each ordinary share is entitled to one vote when a poll is called, otherwise each shareholder has one vote on a show of hands. Note 11: Subsequent Events In August 2015, the company successfully raised $550,000 in cash to fund the company's operation These notes should be read in conjunction with the attached compilation report of SUNNYSIDE ACCOUNTANTS. DocuSign Envelope ID: 4A6C4BE9-0FD0-489B-BCFB-BF4C360E2279 XREF PTY LTD ABN 30 147 613 938 Directors' Declaration The directors have determined that the company is not a reporting entity and that this special purpose financial report should be prepared in accordance with the accounting policies prescribed in Note 1 to the financial statements. The directors of the company declare that: 1. the financial statements and notes, present fairly the company's financial position as at 30 June 2015 and its performance for the year ended on that date in accordance with the accounting policies described in Note 1 to the financial statements; 2. in the directors' 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. This declaration is made in accordance with a resolution of the Board of Directors. r---DocuSigned by: ljGG—hartitA, S.t..iwoutr '— D96D8BE357B440A LEE - MARTIN SEYMOUR Director /---DocuSigned by: 968E7CAAD7AB45D... TIMOTHY GRIFFITHS Director Dated: 20th November 2015 HALL CHADWICK 'TIP (NSW) Chartered Accountants and Business Advisers XREF PTY LIMITED ABN 30 147 613 938 SYDNEY INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF XREF PTY LIMITED Level 40 2 Park Street Sydney NSW 2000 Australia Report on the Financial Report We have audited the accompanying financial report of Xref Pty Limited, which comprises the statement of financial position as at 30 June 2015, the statement of profit or loss for the year then ended, notes comprising a summary of significant accounting policies and other explanatory information and the directors' declaration of the consolidated entity comprising the company at the year's end or from time to time during the financial year. GPO Box 3555 Sydney NSW 2001 Ph: (612) 9263 2600 Fx : (612) 9263 2800 Management's Responsibility for the Financial Report Management is responsible for the preparation and fair presentation of the financial report in accordance with the accounting policies described in Note 1 to the financial statements and for such internal control as management determines is necessary to enable the preparation and fair presentation of a financial report that is free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on the financial report based on our audit. We conducted our audit in accordance with Australian Auditing Standards. Those standards require that we comply with relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain reasonable assurance about whether the financial report is free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial report. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial report, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial report in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Basis for Qualified Opinion We were appointed as auditors of the company on 11 August 2015. We were unable to obtain sufficient appropriate audit evidence in relation to opening balances as at 30 June 2014. Accordingly, we were unable to determine whether any adjustments were required in respect of the comparative period. A member of AGN International Ltd, a worldwide association of separate and independent accounting and consulting firms www.hallchadwick.com.au SYDNEY • NEWCASTLE • PARRAMATTA • PENRITH • MELBOURNE • PERTH • BRISBANE • GOLD COAST • DARWIN I inhilitv limitPri hv n crhprnp rinnrnvpri i rnriar Prnfpccinnnl ctrincinrcic I Pnicln tin n HALL CHADWICK r2 (NSW) XREF PTY LIMITED ABN 30 147 613 938 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF XREF PTY LIMITED Qualified Opinion In our opinion, except for the possible effects of the matter described in the Basis of Qualified Opinion paragraph, the financial report presents fairly, in all material respects, the financial position of Xref Pty Limited as at 30 June 2015 and of its financial performance for the year then ended in accordance with the accounting policies described in Note 1 to the financial statements. Basis of Accounting Without further modifying our opinion, we draw attention to Note 1 of the financial report which describes the basis of accounting. The financial report has been prepared by management to satisfy the requirements of the company's constitution and to meet the needs of members. As a result, the financial report may not be suitable for another purpose. it/ -see, 'aele-gf HALL CHADWICK Level 40, 2 Park Street SYDNEY NSW 2000 Drew Townsend Partner Date: 20 November 2015 DocuSign Envelope ID: 4A6C4BE9-0FD0-489B-BCFB-BF4C360E2279 XREF PTY LTD ABN 30 147 613 938 Depreciation Schedule for the year ended 30 June, 2015 DISPOSAL ADDITION DEPRECIATION Total Priv OWDV 409.09 28/08/12 54.55 30/09/12 363.64 03/09/12 531.06 03/09/12 409 55 364 531 0.00 0.00 199.14 03/09/12 56.32 13/09/12 427.27 19/09/12 18.18 10/12/12 18.18 02/01/13 45.41 14/02/13 199 56 427 18 18 45 0.00 0.00 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 26.36 29/04/13 1,090.91 16/09/13 72.72 01/07/13 80.91 01/07/13 54.44 01/07/13 658.18 23/10/13 504.55 06/01/14 26 1,091 73 0 804 16 0 0 507 456 0 0 0 81 54 658 505 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0 0 0 0 0 0 0 0 0 0 0 179.71 01/07/13 434.60 08/01/14 86.33 01/07/13 23.84 01/07/13 1,773.64 07/02/14 81.77 01/07/13 504.55 15/02/14 142.69 01/07/13 54.33 01/07/13 227.27 02/03/14 1,202.55 05/03/14 180 435 86 24 1,774 82 505 143 54 227 1,203 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0 414 0 0 1,541 0 467 0 0 212 1,125 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 221.99 05/03/14 18.02 01/07/13 1,593.82 16/04/14 222 18 0.00 0.00 215 0 0 0 0 0 49.90 01/07/13 287.61 01/07/14 1,594 50 288 0.00 0.00 0.00 1,483 0 0 0 0 0 01/07/14 0 0 288 162.00 01/07/14 162 0.00 0 0 01/07/14 162 Date Consid Date Cost Value T Rate PROFIT Deprec Priv CWDV Upto + LOSS Above Total - Priv Office equipment 1 Furniture 2 Furniture 3 Screens 4 Office consumables 5 Lighting 6 Consumables 7 Persian rugs 8 Tape & rope 9 Tape & rope 10 Office equipment exhibition 11 Connector 12 laptop 13 Laptop case 14 Spare adapter 15 Headset 16 !pad 17 Screens/ cables/ modem 18 Headset 19 Chairs 20 Draws, lights 21 Draws, lights 22 Laptop 23 Toffeee bags 24 2 Screens and cables 25 Cables for monitors 26 office works (pens) 27 Fridge 28 Couch, kitchen, wardrobe 29 2 Desk chairs 30 Laptop case 31 Macbook 32 Draws, light 33 Ikea (couch, kitchen, wardrabe) 34 Rassberry PI 0 0 0 0 0 0 0 0 0 0 P P P P P P P P P P 100.00 100.00 100.00 100.00 100.00 0 804 16 0 100.00 33.33 100.00 0 507 456 P P P P P P P 0 414 0 0 1,541 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 440 0 0 0 0 100.00 100.00 33.33 20.00 0 364 16 0 0 219 101 0 0 0 0 0 0 288 355 P P P P P 100.00 10.00 100.00 100.00 33.33 0 43 0 0 591 0 467 0 0 212 1,125 P P P P P P 100.00 20.00 100.00 100.00 20.00 20.00 0 101 0 0 45 241 0 0 0 0 0 0 0 0 0 0 0 215 0 1,483 P P 10.00 100.00 22 0 0 288 P P P 33.33 100.00 100.00 162 P 100.00 100.00 100.00 100.00 100.00 100.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 371 0 0 950 0 366 0 0 167 884 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 193 0 0 0 0 0 0 0 0 0 531 0 288 0 0 0 952 0 0 0 0 0 0 0 0 0 0 0 0 0 0 162 0 0 0 0 0 0 These financial statements are unaudited. They must be read in conjunction with the attached Accountant's Compilation Report and Notes which form part of these financial statements. DocuSign Envelope ID: 4A6C4BE9-0FD0-4898-BCFB-BF4C360E2279 XREF PTY LTD ABN 30 147 613 938 Depreciation Schedule for the year ended 30 June, 2015 DISPOSAL 35 Rasberry PI 36 HDMI adapter 37 Laptop 38 Office heater 39 Rechargeable batteries 4pk 40 Macbook air 42 Toffee-mikes mac case 43 Amazon - book 44 !pad cover 45 Talentforce - asset swap 46 Apple case 47 TX exhibition stands 49 Sunlight 50 Office equipment 51 Samsung 50" 4k screen Total Priv OWDV 39.98 01/07/14 183 54 1,442 91 40 0.00 0.00 0.00 0.00 0.00 0 0 0 0 0 1,360.86 01/01/15 60.91 01/07/14 1,361 61 0.00 0.00 48.00 01/07/14 81.78 01/07/14 1,530.00 06/05/15 48 82 1,530 144.50 01/07/14 250.00 01/07/14 33.61 01/07/14 5.49 01/07/14 1,633.00 25/06/15 144 250 34 5 1,633 183.00 01/07/14 54.50 01/07/14 1,441.82 05/09/14 90.91 01/07/14 18,615 Date ADDITION Consid Date DEPRECIATION Value 0 01/07/14 0 01/07/14 0 05/09/14 0 01/07/14 0 01/07/14 183 54 1,442 91 40 183 54 1,442 91 40 P P P P P 100.00 100.00 33.33 100.00 100.00 183 54 394 91 40 0 0 0 0 0 0 0 1,048 0 0 0 01/01/15 0 01/07/14 1,361 61 1,361 61 P P 33.33 100.00 225 61 0.00 0.00 0.00 0 0 48 82 1,530 48 82 1,530 P P 0 0 01/07/14 0 01/07/14 0 06/05/15 100.00 100.00 20.00 0.00 0.00 0.00 0.00 0.00 0 0 0 0 0 0 01/07/14 0 01/07/14 0 01/07/14 0 01/07/14 0 25/06/15 144 250 34 5 1,633 144 250 34 P P P 5 1,633 P P 100.00 100.00 100.00 100.00 25.00 0 7,408 14,648 7,240 T Rate PROFIT Cost P Deprec Priv CWDV Upto + LOSS Above Total - Priv 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,136 0 0 0 0 0 0 0 0 0 48 82 47 0 0 0 0 0 1,483 0 0 0 0 0 0 0 0 0 0 0 0 144 250 34 5 7 0 0 0 0 0 0 0 0 0 1,626 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4,389 0 10,259 Deduct Private Portion 0 Net Depreciation 4,389 These financial statements are unaudited. They must be read in conjunction with the attached Accountant's Compilation Report and Notes which form part of these financial statements.