A brief look into the 2020 1H account, the company looks pretty clean. What is shown on the balance sheet seems to reflect the company's financial position.
Note 6. has also states that the consolidated entity has no contingent liabilities or assets. Basically, the queue of people or companies with their hand out are those shown in the total liabilities section of $232,582.
What we may expect that may arise is a possibility of increment in directors' fee and employee benefits expenses as we get into profitability, which happens in many minnows when they actually become good.
As for dividend, there is an accumulated losses of $7,403,919 which the company will be able to enjoy tax losses for quite a few years. In other words, if we do come good with positive cash flow and profitability, and a dividend is declared, it will most likely be an unfranked dividend.
Expand
