Ann: Update on U.S Initiatives , page-4

BBLOFF,

I trust this helps.
Repeat of an earliier post.
Please note the $c is for October.

The “Exchange Rate adjustment” of $152K in Sept and $309K YTD.

I have enquired and in the annual accounts ARW has in excess of 5 Mill U.S. Dollars in the USA Company this is primarily the “Energea” Licence. The Appendix 4C rules states that this should be realigned with exchange rate variation each month.

NOTE. I am expecting a Major realignment in October.

Therefore the “Exchange Rate adjustment” has nothing to do with the Australian Bio production Profit & Loss its USA Asset revaluation.

Thrust this helps.