Name of Entity | Murray Cod Australia Ltd |
ABN: | 74 143 928 625 |
Financial Year Ended: | 30 June 2017 |
Previous Corresponding Reporting Period: | 30 June 2016 |
2017
$'000
Percentage increase
/(decrease) over corresponding
period
Revenues from continuing operations | 851 | 234% |
Profit (Loss)for the year | (6,420) | 5732% |
Net loss for the year attributable to members | (6,420) | 5732% |
On 16 January 2017 the company (previously known as Timpetra Resources Ltd) acquired the following Business entities and assets:
100% of the issued capital in Bidgee Fresh Pty Ltd;
The assets of the business known as Silverwater Native Fish;
The assets of the business known as Riverina Aquaculture;
Aquaculture plant and equipment from Brigalow Enterprises Pty Ltd
Details of these transactions can be found in prospectus dated 25 November 2016 and found at the following link http://tpr.live.irmau.com/irm/PDF/1385_0/ReplacementProspectus
Details of Dividends or Distributions
No dividends or distributions are payable. -
Net Tangible Asset Backing
Net tangible assets per security | 30 June 2017 $0.03 | 30 June 2016 ($1.12) |
This report is based on the Annual Report which is in the process of being audited. All documents comprise the information required by Listing Rule 4.3A
Appendix 4E Contents and checklist of requirements
1. Reporting period and corresponding period. | Refer to Page 1 of this Appendix 4E. |
2. Results for announcement to the market. | Refer to Page 1 of this Appendix 4E. |
3. Statement of comprehensive income. | Refer to Page 3 of this Appendix 4E. |
4. Statement of financial position. | Refer to Page 4 of this Appendix 4E. |
5. Statement of cash flows. | Refer to Page 6 of this Appendix 4E. |
6. Statement of changes in equity. | Refer to Pages 5 of this Appendix 4E. |
7. Details of dividends or distributions. | Refer to Page 1 of this Appendix 4E. |
8. Details of dividend or distribution reinvestment plans in operation and the last date of receipt of an election notice for participation in any dividend or distribution reinvestment plan. | N/A - No dividend reinvestment plan in operation. |
9. Net tangible assets per security. | Refer to Page 1 of this Appendix 4E. |
10. Details of entities over which control has been gained or lost during the period. | Refer to Page 1 of this Appendix 4E. |
11. Details of joint venture entities and associated entities. | Not applicable. |
12. Any other information needed by an investor to make an informed assessment of the entity's financial performance and financial position. | Refer to Page 7 of this Appendix 4E. |
13. Accounting standards used in compiling reports by foreign entities. | Not applicable. |
14. A commentary on the results for the period. | Refer to Page 7 of this Appendix 4E. |
15. A statement as to whether the report is based on accounts which have been audited or subject to review, are in the process of being audited or reviewed, or have not yet been audited or reviewed. | Refer to Page 1 of this Appendix 4E. This report is based on accounts which are in the process of being audited. |
16. If the accounts have not yet been audited or subject to review and are likely to be subject to dispute or qualification a description of the likely dispute or qualification. | At this stage it is likely the audit report will be unqualified. |
17. If the accounts have been audited or subject to review and are subject to dispute or qualification, a description of the dispute or qualification. | Not applicable. |
CONDENSED STATEMENT OF COMPREHENSIVE INCOME FOR THE FINANCIAL PERIOD ENDED 30 JUNE 2017
Note | 30 June 2017 30 June 2016 $ $ | |
Fish sales | 738,261 | 76,682 |
Equipment sales | 90,646 | 286,677 |
Interest & Sundry Income | 22,435 | 17 |
Total revenue | 851,342 | 363,376 |
Net gain from changes in fair value of biological assets | 1,596,857 | 31,759 |
Gain on Acquisition | 260,323 | - |
Purchases and Input Costs | (1,435,524) | (363,080) |
Depreciation and amortisation | (123,027) | (22,350) |
Administrative and other expenses | (1,309,508) | (121,880) |
Exploration Costs | (31,800) | |
Goodwill Written Off | (6,229,119) | |
Profit/(Loss) before tax | (6,420,456) | (112,175) |
Less Income tax expense | - | - |
Profit/(Loss) for the period | (6,420,456) | (112,175) |
Other comprehensive income | - | - |
Total comprehensive income/(loss) attributable to the members of the Company | (6,420,456) | (112,175) |
These financial statements should be read in conjunction with the accompanying notes.
CONDENSED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2017
Note | 30 June 2017 30 June 2016 $ $ | |
Assets | ||
Current assets | ||
Cash and cash equivalents | 3,125,421 | 47,731 |
Receivables & Prepayments | 495,557 | 85,372 |
Biological assets | 1,890,483 | 277,863 |
Other trading stock | 171,313 | - |
Total current assets | 5,682,774 | 410,966 |
Non-current assets Property, plant and equipment | 4,578,997 | 819,251 |
Total Assets | 10,261,771 | 1,230,217 |
Current liabilities | ||
Trade and other payables | (275,338) | (360,802) |
Equipment finances | (45,400) | (58,547) |
Loans - Shareholders & Related Parties | (519,092) | (690,020) |
Total current liabilities | (839,830) | (1,109,369) |
Non-current liabilities Equipment finances | (164,050) | (232,923) |
Total non-current liabilities | (164,050) | (232,923) |
Total liabilities | (1,003,880) | (1,342,292) |
Net Assets (liabilities) | 9,257,891 | (112,075) |
Shareholders' equity | ||
Contributed equity | 14,768,798 | 100 |
Reserves | 1,021,724 | - |
Retained earnings | (6,532,631) | (112,175) |
Total shareholders' equity | 9,257,891 | (112,075) |
These financial statements should be read in conjunction with the accompanying notes.
Murray Cod Australia Limited published this content on 01 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 01 September 2017 14:47:05 UTC.
Original documenthttp://tpr.live.irmau.com/irm/PDF/1426_0/PreliminaryFinalReport
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