Ann: Annual Financial Report, page-2

Oh dear.


Going concern

As at 30 June 2015, the consolidated entity had net current liabilities of $3,265,760 and its total
liabilities exceeded its total assets by $2,238,812. At the date of this report, the consolidated entity has
limited cash resources available and has not secured agreements with its creditors to defer repayment of their debts.
We have been unable to obtain sufficient appropriate audit evidence as to whether the consolidated entity can achieve the matters set out in Note 1 to the financial report and we have therefore been unable to determine whether it is appropriate to prepare the financial statements on a going concern basis.