Ann: Appendix 4E and Annual Report, page-3

I've had a quick look. Much as we already knew. No nasties that I can see. One pleasing thing is their conservative approach to non cash items such as the $1.9 mill write off for performance shares, plus approx $1.6 mill of depreciation and various other non cash items. This is what seems to have led to an overall loss of $1.3 mill. Other than that, salaries seem sensible but the property cost of $472k for 2017 seems a bit high...I thought Perth commercial property was in a hole at the moment.

The bit I really liked was the outlook:

The Company will look to build on the significant turnaround in 2017 and strive to continue to execute on its strategy of expanding into new markets and geographies through organic and inorganic pursuits. The Company has developed a robust sales pipeline across the maritime,resources,hospitality,aged care and lifestyle village sectors, and this is expected to grow revenue and EBITDA further in the coming 2018 financial year. The Company expects to accelerate its rate of new business development in these large, fast-growing sectors in the coming months.