Just putting some numbers in here to come back to later Revenue...

Just putting some numbers in here to come back to later

Revenue $36.3 million (FY15: $47.6 million) largely as a result of lower than anticipated orders from international customers, Chinese consumer nervousness due to government regulations and the fluctuation of AUD:RMB exchange rate

Net assets $20.8 million (31 December 2015: $34.1 million).

Cash of $4.4 million.

2016 total unit sales of 85,106 units of electric two-wheel vehicles (FY2015: 88,450)

77,348 units of electric two-wheel vehicles sold across China through the JV and its external distributors.

Looks like average sale price is $426 per unit

During the year ended 31 December 2016, the Consolidated Entity recorded a net loss of $14.1 million after income tax (FY2015: $753k), which included one-off/noncash costs of $150k of share based expenses, $617k of impairment of inventories in Jiye, $181k of impairment of inventories due to closure of previous the Spanish operation, $994k of provision for doubtful loan to Kaiyang (the three-wheel and four-wheel operation), $136k of impairment of investment in Kaiyang, $2.6 million of impairment of Jiye goodwill, $2.3 million of impairment of E-Max goodwill, trademarks and patents, $4.3 million of impairment of development costs and $1.2 million of impairment in licenses. The underlying net loss for the year ended 31 December 2016 adding back these one-off non-cash expenses was $1,657,466.

This is my favorite

6. During the period, the salaries and wages costs for December 2016 in Jiye were not been recognised in the Appendix 4E as these were paid in January 2017.