And what about this caveat?
Material Uncertainty Regarding Continuation as a Going Concern
Without qualification to the conclusion expressed above, we draw your attention to Note 1 in the half-year financial report which indicates that the consolidated entity incurred a net loss of $1,518,120 during the half-year ended 31 December 2011 and, as of that date, the consolidated entity’s current liabilities exceeded its current assets by $2,757,568. Note 1, however, indicates that the directors are confident based on a number of financing and revenue sources, that the consolidated entity will be able to operate with positive cash flows and have therefore prepared the half-year financial report on a going concern basis. These conditions, along with other matters as set forth in Note 1, indicate the existence of a material uncertainty which may cast significant doubt about the consolidated entity’s ability to continue as a going concern and therefore, the consolidated group may be unable to realise its assets and discharge its liabilities in the normal course of business.
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