1414 DEGREES LIMITED — Capital/Financing Update 2018

Sep 9, 2018

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Pro Forma Statement of Financial Position

Statement of Financial Position
		Reviewed		Pro-forma
					Pro-forma
	Notes	as at	Subsequent	adjustments	after offer
$'000s		31-Dec-17	events
CURRENT ASSETS
Cash and cash equivalents		1,613	3,536	15,504	20,654
	1
Trade and other receivables		1,368	-	-	1,368
TOTAL CURRENT ASSETS		2,981	3,536	15,504	22,022
NON CURRENT ASSETS
Plant and equipment		141	-	-	141
Intangible assets		1,879	-	-	1,879
TOTAL NON-CURRENT ASSETS		2,020	-	-	2,020
TOTAL ASSETS		5,002	3,536	15,504	24,042
CURRENT LIABILITIES
Trade and otherpayables		294	-	-	294
Provision for employee benefits		6	-	-	6
TOTAL CURRENT LIABILITIES		300	-	-	300
TOTAL LIABILITIES		300	-	-	300
NET ASSETS		4,702	3,536	15,504	23,742
EQUITY
Contributed equity		10,487	3,615	15,852	29,954
	2
Share based payments reserve		20	-	-	20
Accumulated losses	3	(5,805)	(79)	(347)	(6,231)
TOTAL EQUITY		4,702	3,536	15,504	23,742

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Note 1. Cash and cash equivalents
	Reviewed	Pro-forma
$'000s
	31-Dec-17
Cash and cash equivalents	1,613	20,654
Reviewed balance of the Company at 31 December 2017		1,613
Subsequent events:
Issue of shares		3,536
		3,536
Pro-forma adjustments:
Proceeds from the Offer		16,307
Costs of the Offer		(802)
		15,504
Pro-forma Balance		20,654

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Note 2. Issued capital
	Reviewed	Pro-forma
$'000s
	31-Dec-17
Issued capital	10,487	29,954
	Number of shares	$'000s
Fully paid ordinary share capital of the Company at 31 December 2017	106,895,156	10,487
Subsequent events:
Issue of shares post 31 December 2017	18,813,790	3,615
	18,813,790	3,615
Pro-forma adjustments:
Proceeds from shares issued under this Prospectus	-	16,307
Costs of the Offer		(455)
	-	15,852
Pro-forma Balance	125,708,946	29,954

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Note 3. Accumulated losses
	Reviewed
$'000s	31-Dec-17	Pro forma
Accumulated losses	(5,805)	(6,231)
Reviewed balance of the Company at 31 December 2017		(5,805)
Subsequent events:
Issue of shares post 31 December 2017		(79)
		(79)
Pro-forma adjustments:
Costs of the Offer		(347)
		(347)
		(6,231)

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