Ann: Half Yearly Report and Accounts, page-5

  1. 1,087 Posts.
    "On 5 December 2014 iWebGate Limited (formerly My ATM Holdings Limited) completed the acquisition of iWebGate Technology Limited and its controlled subsidiaries (“iWebGate Group”). Under the Australian Accounting Standards iWebGate Group was deemed to be the accounting acquirer in this transaction. The acquisition has been accounted for as a share based payment by which iWebGate Group acquires the net assets and listing status of iWebGate. Accordingly the consolidated financial statements of the iWebGate Limited Group have been prepared as a continuation of the business and operations of iWebGate Group. As the deemed acquirer iWebGate Group has accounted for the acquisition of iWebGate Limited from 5 December 2014. The comparative information for the 6 months ended 31 December 2013 is not available for the iWebGate Group therefore the comparative information presented in the consolidated financial statements is that of iWebGate Group as presented in its last set of year-end audited financial statements."

    Sales have dropped and they weren't great anyway.
 
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