ADD 16.7% 0.3¢ adavale resources limited

Emphasis of Matter Without qualifying our opinion, we draw...

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  1. 319 Posts.
    Emphasis of Matter

    Without qualifying our opinion, we draw attention to Note 3 in the financial report which
    indicates that the consolidated entity incurred a net loss of $293,164 during the period
    ended 31 December 2014 and, as of that date, the consolidated entity’s current liabilities
    exceeded its current assets by $413,849. 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, and at the amounts stated in the financial report.


    GRANT THORNTON AUDIT PTY LTD
    Chartered Accountants
    P W Warr
    Partner - Audit & Assurance​
 
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