Revenues down 68% 871k
Loss after tax attributable to members up 80% (2,992k)
Net Loss for the period attributable to members up 80% (2,992k)
Accumulated losses (79,398,379)
the consolidated entity incurred a loss of $2,992,288 and had net cash outflows from operating activities of $1,461,407 for the period ended 31 December 2017. As at that date, the consolidated entity had net current liabilities of $840,002 and net liabilities of $662,895.
We draw attention to Note 1 in the financial report, which indicates that the consolidated entity incurred a net loss of $2,992,288 for the half year ended 31 December 2017, and as of that date, the consolidated entity's current liabilities exceeded its current assets by $840,002. As stated in Note 1, these events or conditions, along with other matters as set forth in Note 1, indicate that a material uncertainty exists that may cast significant doubt on the consolidated entity's ability to continue as a going concern. Our conclusion is not modified in respect of this matter.
