Ann: Appendix 4D and Half Year Report, page-2

they need to sell the tee tree plantation .otherwise bill fry will not get paid for the next year ....
they have a loan and paying 17% interest ....
Loan of $230,000 with a fixed capitalised loan fee of $23,000. Repayable from future receivables at a
repayment percentage of 17% of sales through the Shopify payment service until the facility is repaid. No
fixed date of repayment. Secured against the property of Meluka Honey Pty Ltd, a subsidiary of the Group
Going Concern
For the half-year ended 31 December 2023 the Company recorded a loss from continuing
operations of $863,890 and had net cash outflows from operating activities of $583,461. The
Company had a working capital deficiency of $383,859 and net assets classified as held for
sale of $2,558,596. Additionally, the Company has access to an undrawn financing facility of
$216,000.
Employee benefit expense 7 (485,918)
Wages 347,715
Director fees 134,279