FUN 8.16% 9.0¢ funtastic limited

Ann: Half Year Results Presentation, page-5

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    From the half yearly report 31/03/16

    "Emphasis of matter

    Without modifying our conclusion, we draw attention to Note 1 in the financial report, which indicates that the consolidated entity incurred a net loss of $3,662,000 during the half year ended 31 January 2016 and, as of that date, the consolidated entity’s current liabilities exceeded its current assets by $31,839,000. These conditions, along with other matters as set forth in Note 1, indicate the existence of a material uncertainty that 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"
 
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