Ann: Investor Presentation, page-4

Hi Panda,

Yeah, there was already ATM hire purchase debt ($1.068m at dec 16), the shareholder loan for $3m and the most recent acquisition of Fast Cash was for $4.2m, paid from a $7.5m funding facility.

The $2.59m loss projected for 2017 has a significant item being depreciation, at the allowable ato depreciation rate, rather than the true wear and tear cost to the business. Depreciation is claimed on atm's over five years, where in fact some last up to 15 years in the field. Depreciation in the half yearly accounts was $1.17m....Therefore, grossed up, this will equate for roughly $2.34m of the $2.59m loss.... Not that bad at all considering the last few months dealings that have happened with indue and fast cash acquisitions along with the Goldfields Money onlend to Indue customers..... The company is not in a bad position going forward at all.... I am fine with the level of debt... and the conservative cash flow forecast of $2.785 for FY 2018 holds it in very good stead.