Ann: Half Year Financial Report, page-2

Emphasis of Matter
Without qualifying our opinion, we draw attention to Note 1(b) in the financial report which states that the Group’s ability to continue as a going concern is dependent upon its planned restructure to reduce operating costs, applying for the refundable R&D incentive for the 2017/18 year and developing near term revenue opportunities generated through Xped’s IoT platforms. The matters set forth in Note 1(b) indicate the existence of material uncertainty that may cast significant doubt about the Group’s ability to continue as a going concern and therefore, the Group may be unable to realise its assets and discharge its liabilities in the normal course of business and at the amounts stated in the financial report.