The Group recorded a total comprehensive loss for the year ended...

The Group recorded a total comprehensive loss for the year ended 30 June 2018 of $20,669,000 (2017: $42,415,000), had net cash outflows from operations of $7,719,000 (2017: $12,133,000) and a cash balance excluding restricted cash of $852,000 ($3,216,000 as at 30 June 2017). The Group’s current liabilities exceed its current assets by $31,929,000 (net current liabilities of $17,264,000 as at 30 June 2017). In this regard it should be noted that the Group’s external debt comprises limited-recourse shareholder loans, related party loans from key management personnel, trade and other payables and provisions incurred in the ordinary course of business. Management has prepared a cash flow forecast to 30 September 2019 which demonstrates the need to raise additional funding to meet the Group’s forecast expenditure for the period. These conditions give rise to a material uncertainty that may cast significant doubt on the Group’s ability to continue as a going concern.