Emphasis of Matter
Without modifying our conclusion, we draw attention to Note 1 in the half-year financial report
which indicates that Continental Coal Limited incurred a net loss of $ 7,291,000 during the half-year
ended 31 December 2012 and, as of that date, the consolidated entity’s current liabilities exceeded
its current assets by $21,538,000. These conditions, along with other matters as set forth in Note 1,
indicate the existence of a material uncertainty which may cast significant doubt about the
consolidated entity’s ability to continue as a going concern and therefore, the consolidated entity
may be unable to realise its assets and discharge its liabilities in the normal course of business.
Add to My Watchlist
What is My Watchlist?