AMBERTECH LIMITED — Interim / Quarterly Report 2012

Feb 12, 2012

13 February 2012

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Company Announcements Office Australian Stock Exchange 4[th] Floor, 20 Bridge Street Sydney NSW

Dear Sir/Madam

Please find following the Appendix 4D and Half-Year Financial Report of Ambertech Limited for the period ended 31 December 2011.

Kind regards

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Robert Glasson Company Secretary

Ambertech Limited ACN 079 080 158 Unit B, 5 Skyline Place, Frenchs Forest NSW 2086 Tel: 02 9452 8600 Fax: 02 9975 1368 email: rglasson@ambertech.com.au Web: www.ambertech.com.au

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Ambertech Limited and Controlled Entities

ACN 079 080 158

Appendix 4D and Half Year Report

Period Ended 31 December 2011

For Immediate Release 13 February 2012

Results for Announcement to the market Further Explanation of the Results Outlook for the business Financial Data Half Year Financial Report

Ambertech Limited ACN 079 080 158 Unit B, 5 Skyline Place, Frenchs Forest NSW 2086 Tel: 02 9452 8600 Fax: 02 9975 1368 email: rglasson@ambertech.com.au Web: www.ambertech.com.au

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Results for Announcement to the Market

For the period ended 31 December 2011

Key Information

The following information is provided to the ASX under listing rule 4.2A.

	31 Dec 11	31 Dec 10	Movement	Movement
	$’000	$’000	$’000	%
Revenuefrom ordinary activities	26,882	36,296	(9,414)	(25.9)
(Loss)/Profit after income tax for the period attributable to
members	(262)	610	(872)	(142.9)

Dividend History

The Board has advised that there will be no interim dividend in respect of the period ended 31 December 2011.

Interim dividends
In respect of the half-year ended 31 December 2011	Nil			100%
In respect of the half-year ended 31 December 2010	0.5 cents			100%
Final Dividends
In respect of the year ended 30 June 2011	Nil			100%
In respect of the year ended 30 June 2010	Nil			100%
Key Ratios	31 Dec 11	31	Dec 10
Net tangible assets per security	54.5c		57.5c

Further Explanation of the results follows in the attached commentary and Half Year Financial Report

Ambertech Limited ACN 079 080 158 Unit B, 5 Skyline Place, Frenchs Forest NSW 2086 Tel: 02 9452 8600 Fax: 02 9975 1368 email: rglasson@ambertech.com.au Web: www.ambertech.com.au

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Further Explanation of the Results

For the period ended 31 December 2011

Segment Results

Lifestyle Entertainment Segment

Sales revenue down 25.4% to $16,452,000 (Dec 10: $22,065,000). EBIT down 119.6% to $(165,000) (Dec 10: $841,000).

Ambertech’s lifestyle entertainment segment distributes leading brands through a variety of channels. Major factors affecting the results for the period under review included:

• Component shortages resulting from the Japanese Tsunami created a supply chain blockage for 6-8 weeks, impacting revenue, profit and period end inventory levels.

• Slow retail sales in the second quarter compared to previous corresponding reporting periods.

Professional Segment

Sales revenue down 30.3% to $9,129,000 (Dec 10: $13,090,000). EBIT down 115.1% to $(91,000) (Dec 10: $603,000).

Ambertech’s professional segment continues to enhance its reputation as a preferred supplier of high technology equipment in Australia. The result for the period under review reflects the following external factors:

• Consolidation of distribution agencies in the local territory of a number of international suppliers, as a result of corporate activity overseas.

• Continued shortage of funds available for our customers for major project work.

New Zealand Segment

Sales revenue up 10.9% to $1,409,000 (Dec 10: $1,270,000). EBIT up 310.7% to $177,000 (Dec 10: $(84,000)).

Ambertech’s has focused on expanding our product offerings in New Zealand and leveraging more off our Australian operations in order to restore profitability to this segment. For the period under review we were able to achieve a number of these goals in a period where the New Zealand economy received a boost from the staging of the Rugby World Cup.

Outlook for the business

The Board and management of Ambertech continue to focus on returning the business to more consistent revenue and profit results. During the period under review the business has added a number of strategic new agencies that the Board believe will assist with this goal. During the second half of the financial year we are continuing to fine-tune aspects of the business to facilitate growth in existing and new markets.

On behalf of the Board

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Robert Glasson Company Secretary

Ambertech Limited ACN 079 080 158 Unit B, 5 Skyline Place, Frenchs Forest NSW 2086 Tel: 02 9452 8600 Fax: 02 9975 1368 email: rglasson@ambertech.com.au Web: www.ambertech.com.au

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Financial Data

Financial Data
	31 Dec 11	31 Dec 10	Movement
Sales Revenue	$’000	$’000	$’000	%
Lifestyle Entertainment	16,452	22,065
Professional	9,129	13,090
New Zealand	1,409	1,270
Inter-segment	(136)	(138)
Total Sales Revenue	26,854	36,287
Segment Result
Lifestyle Entertainment	(165)	841
Professional	(91)	603
New Zealand	177	(84)
Unallocated/Corporate	(120)	(298)
Earnings before interest and tax (EBIT)	(199)	1,062	(1,261)	(118.7)
Net interest	(186)	(251)
Net profit before tax	(385)	811	(1,196)	(147.5)
Income tax expense	(123)	(201)
Netprofit for theperiod	(262)	610	(872)	(142.9)
Key Ratios
EBIT/Sales	(0.7)%	2.9%
Inventory/Sales	28.9%	21.2%
Receivables/Sales	17.7%	14.0%
Basic earningsper share	(0.9)c	2.0c

For further information, please contact our Company Secretary, Mr Robert Glasson.

Ambertech Limited ACN 079 080 158 Unit B, 5 Skyline Place, Frenchs Forest NSW 2086 Tel: 02 9452 8600 Fax: 02 9975 1368 email: rglasson@ambertech.com.au Web: www.ambertech.com.au

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AMBERTECH LIMITED AND CONTROLLED ENTITIES ACN 079 080 158

HALF‐YEAR FINANCIAL REPORT

PERIOD ENDED 31 DECEMBER 2011

AMBERTECH LIMITED AND CONTROLLED ENTITIES ACN 079 080 158

DIRECTORS' REPORT

FOR THE HALF‐YEAR ENDED 31 DECEMBER 2011

Your directors submit the financial report of the consolidated entity comprising Ambertech Limited and the entities it controlled for the half‐year ended 31 December 2011.

Directors

The names of the directors who held office during or since the end of the half‐year:

Peter Francis Wallace Peter Andrew Amos Edwin Francis Goodwin Thomas Robert Amos David Rostil Swift

Review of Operations

A review of the operations of the consolidated entity during the half‐year and the results of these operations are set out in the attached Appendix 4D.

Results of Operations

The consolidated loss after providing for income tax for the period ended 31 December 2011 was ($262,000). This was down from a profit of $610,000 in the previous corresponding period. Further information on the operating results are included in the attached Appendix 4D.

Dividend

T h ere were no ivi d d en d s pai d or ec are d l d uring t d h e a h lf ‐year en d e d 31 Decem b er 2011.

Rounding of Amounts

The company is an entity to which Class Order 98/100 applies and, in accordance with this class order, amounts in this report and the financial report have been rounded off to the nearest thousand dollars unless otherwise indicated.

Auditor's Declaration

The auditor's independence declaration under section 307C of the Corporations Act 2001 is set out on page 2.

Signed in accordance with a resolution of directors.

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P F Wallace Chairman of Directors

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P A Amos Managing Director

Dated this 13th day of February 2012 Sydney

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Auditor’s Independence Declaration

Under Section 307C of the Corporations Act 2001

To the Directors of Ambertech Limited and the entities it controlled during the half-year.

As lead auditor for the review of Ambertech Limited for the financial half-year ended 31 December 2011, I declare that, to the best of my knowledge and belief, there have been:

• (i) no contraventions of the auditor independence requirements as set out in the Corporations Act 2001 in relation to the review, and

• (ii) no contraventions of any applicable code of professional conduct in relation to the review.

PKF

Arthur Milner Partner

Sydney 13 February 2012

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AMBERTECH LIMITED AND CONTROLLED ENTITIES

ACN 079 080 158

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE HALF‐YEAR ENDED 31 DECEMBER 2011

	31‐Dec‐11	31‐Dec‐10
	$'000	$'000
Revenues	26,882	36,296
Cost of sales	(18,576)	(25,569)
Gross Profit	8,306	10,727
Employee benefits expense	(4,833)	(5,725)
Distribution costs	(717)	(797)
Marketing costs	(923)	(823)
Premises costs	(949)	(1,059)
Travel costs	(301)	(344)
Depreciation and amortisation expenses	(105)	(135)
Finance costs	(214)	(259)
Other expenses	(649)	(774)
(Loss)/Profit before income tax	(385)	811
Income tax benefit/(expense)	123	(201)
(Loss)/Profit for the half‐year	(262)	610
Other comprehensive income
Exchange differences on translation of foreign operations	(16)	(19)
Total comprehensive income for the half‐year	(278)	591
Earnings per share
Basic earningsper share(cents)	(0.9)	2.0
Diluted earningsper share(cents)	(0.9)	2.0

The above condensed consolidated statement of comprehensive income should be read in conjunction with the accompanying notes.

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AMBERTECH LIMITED AND CONTROLLED ENTITIES

ACN 079 080 158

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

FOR THE HALF‐YEAR ENDED 31 DECEMBER 2011

	31‐Dec‐11	30‐Jun‐11
	$'000	$'000
ASSETS
CURRENT ASSETS
Cash and cash equivalents	1,806	3,134
Trade and other receivables	9,488	13,128
Current tax assets	457	326
Inventories	15,504	13,571
TOTAL CURRENT ASSETS	27,255	30,159
NON‐CURRENT ASSETS
Plant and equipment	804	380
Intangible assets	3,046	3,054
Deferred tax assets	972	866
TOTAL NON‐CURRENT ASSETS	4,822	4,300
TOTAL ASSETS	32,077	34,459
LIABILITIES
CURRENT LIABILITIES
Trade and other payables	6,548	9,493
Other financial liabilities	3,850	3,000
Provisions	1,104	1,128
TOTAL CURRENT LIABILITIES	11,502	13,621
NON‐CURRENT LIABILITIES
Provisions	835	804
Deferred tax liabilities	36	52
TOTAL NON‐CURRENT LIABILITIES	871	856
TOTAL LIABILITIES	12,373	14,477
NET ASSETS	19,704	19,982
EQUITY
Share capital	11,138	11,138
Reserves	(132)	(116)
Retained earnings	8,698	8,960
TOTAL EQUITY	19,704	19,982

The above condensed consolidated statement of financial position should be read in conjunction with the accompanying notes.

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AMBERTECH LIMITED AND CONTROLLED ENTITIES ACN 079 080 158

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE HALF‐YEAR ENDED 31 DECEMBER 2011

			Foreign
			Currency
	Share	Option	Translation	Retained	Total
	Capital	Reserve	Reserve	Earnings	Equity
	$'000	$'000	$'000	$'000	$'000
Balance as at 1 July 2011	11,138	28	(144)	8,960	19,982
Loss for the half‐year	‐	‐	‐	(262)	(262)
Exchange differences on translation of foreign operations	‐	‐	(16)	‐	(16)
Total comprehensive income for the half‐year	‐	‐	(16)	(262)	(278)
Transactions with equity holders:
Costs of share basedpayments	‐	‐	‐	‐	‐
Balance as at31 December 2011	**11,138 **	28	(160)	**8,698 **	19,704
Balance as at 1 July 2010	11,146	86	(92)	8,917	20,057
Profit for the half‐year	‐	‐	‐	610	610
Exchange differences on translation of foreign operations	‐	‐	(19)	‐	(19)
Total comprehensive income for the half‐year	‐	‐	(19)	610	**591 **
Transactions with equity holders:
Costs of share basedpayments	‐	6	‐	‐	6
Balance as at31 December 2010	**11,146 **	**92 **	(111)	9,527	20,654

The above condensed consolidated statement of changes in equity should be read in conjunction with the accompanying notes.

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AMBERTECH LIMITED AND CONTROLLED ENTITIES

ACN 079 080 158 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE HALF‐YEAR ENDED 31 DECEMBER 2011

	31‐Dec‐11	31‐Dec‐10
	$'000	$'000
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers	33,342	34,936
Payments to suppliers and employees	(32,878)	(32,063)
Interest received	27	8
Interest and other costs of finance paid	(214)	(259)
Income taxes paid	(132)	(198)
Goods and services tax remitted	(1,799)	(2,874)
Net cash(used in) operating activities	(1,654)	(450)
CASH FLOWS FROM INVESTING ACTIVITIES
Payments for purchase of plant and equipment	(508)	(32)
Payments for intangible assets ‐ web site costs	(13)	(116)
Net cash(used in) investing activities	(521)	(148)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from borrowings	850	‐
Repayment of borrowings	‐	(50)
Net cashprovided/(used in) financing activities	850	(50)
Net (decrease) in cash and cash equivalents held	(1,325)	(648)
Cash and cash equivalents at beginning of period	3,134	3,090
Effect of exchange rate changes on cash and cash equivalents	(3)	(4)
Cash and cash equivalents at end ofperiod	1,806	2,438

The above condensed consolidated statement of cash flows should be read in conjunction with the accompanying notes.

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AMBERTECH LIMITED AND CONTROLLED ENTITIES ACN 079 080 158

NOTES TO AND FORMING PART OF THE FINANCIAL REPORT FOR THE HALF‐YEAR ENDED 31 DECEMBER 2011

NOTE 1: STATEMENT OF COMPLIANCE

This general purpose interim financial report for the half‐year ended 31 December 2011 has been prepared in accordance with Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Act 2001.

This interim financial report does not include all the notes of a type normally included in an annual financial report. Accordingly, this report is to be read in conjunction with the most recent annual financial report for the year ended 30 June 2011 and any public announcements made by Ambertech Limited during the interim financial reporting period in accordance with the continuous disclosure requirements of the Corporations Act 2001.

NOTE 2: SIGNIFICANT ACCOUNTING POLICIES

The accounting policies applied in preparing this financial report for the half‐year ended 31 December 2011 are consistent with those applied in the annual financial report for the year ended 30 June 2011, except as set out below:

Accounting Standards not Previously Applied

The consolidated entity has adopted all of the new, revised or amending Accounting Standards and Interpretations issued by the Australian Accounting Standards Board ('AASB') that are mandatory for the current reporting period.

Any new, revised or amending Accounting Standards or Interpretations that are not yet mandatory have not been early adopted.

Any significant impact on the accounting policies of the consolidated entity from the adoption of these Accounting Standards and Interpretations are disclosed in the relevant accounting policy. The adoption of these Accounting Standards and Interpretations did not have any significant impact on the financial performance or position of the consolidated entity.

The following Accounting Standards and Interpretations are most relevant to the consolidated entity:

• (i) AASB 2010‐6 Amendments to Australian Accounting Standards ‐ Disclosures on Transfers of Financial Assets

The consolidated entity has applied AASB 2010‐6 amendments from 1 July 2011. These amendments add and amended disclosure requirements in AASB 7 about transfer of financial assets, including the nature of the financial assets involved and the risks associated with them. Additional disclosures are now required when (i) an asset is transferred but is not derecognised; and (ii) when assets are derecognised but the consolidated entity has a continuing exposure to the asset after the sale.

• (ii) AASB 1054 Australian Additional Disclosures

The consolidated entity has applied AASB 1054 from 1 July 2011. The standard sets out the Australian‐ specific disclosures, which are in addition to International Financial Reporting Standards, for entities that have adopted Australian Accounting Standards.

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AMBERTECH LIMITED AND CONTROLLED ENTITIES ACN 079 080 158

NOTES TO AND FORMING PART OF THE FINANCIAL REPORT FOR THE HALF‐YEAR ENDED 31 DECEMBER 2011

NOTE 2: SIGNIFICANT ACCOUNTING POLICIES (continued)

• (iii) AASB 2011‐1 Amendments to Australian Accounting Standards arising from the Trans‐Tasman Convergence Project

The consolidated entity has applied AASB 2011‐1 amendments from 1 July 2011. These amendments made changes to a range of Australian Accounting Standards and Interpretations for the purpose of closer alignment to International Financial Reporting Standards (’IFRSs’) and harmonisation between Australian and New Zealand Standards. The amendments removed certain guidance and definitions from Australian Accounting Standards for conformity of drafting with IFRSs but without any intention to change requirements.

• (iv) AASB 2011‐5 Amendments to Australian Accounting Standards – Extending Relief from Consolidation, the Equity Method and Proportionate Consolidation

The consolidated entity has applied AASB 2011‐5 amendments from 1 July 2011. These amendments extended relief from consolidation, the equity method and proportionate consolidation where the ultimate or intermediate parent applied not‐for‐profit Aus paragraphs in Australian IFRSs as adopted in Australia.

NOTE 3: EVENTS SUBSEQUENT TO REPORTING DATE

Since the end of the financial year, no matters have arisen which significantly affected or may significantly affect the operations of the economic entity, the results of those operations or the state of affairs of the economic entity in future financial years.

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AMBERTECH LIMITED AND CONTROLLED ENTITIES ACN 079 080 158

NOTES TO AND FORMING PART OF THE FINANCIAL REPORT FOR THE HALF‐YEAR ENDED 31 DECEMBER 2011

NOTE 4: DIVIDENDS

	31‐Dec‐11	31‐Dec‐10
	$'000	$'000
Recognised as distributions to equity holders
There was no fully franked final dividend paid during the half‐year ended
31 December 2011.	‐	‐
Declared before the interim report is authorised for issue but not recognised as
distributions to equity holders at the end of the period
Fully franked interim dividend of 0.5 cents per ordinary share franked at
a tax rate of30% for the half‐year ended31 December 2010.	‐	153

NOTE 5: SEGMENT REPORTING

‐ Total segment revenue ‐ Inter‐segment revenue	Professional Lifestyle Entertainment New Zealand Eliminations Total 31‐Dec‐11 31‐Dec‐11 31‐Dec‐11 31‐Dec‐11 31‐Dec‐11 $'000 $'000 $'000 $'000 $'000 8,993 16,452 1,409 ‐ 26,854 136 ‐ ‐ (136) ‐	Professional Lifestyle Entertainment New Zealand Eliminations Total 31‐Dec‐11 31‐Dec‐11 31‐Dec‐11 31‐Dec‐11 31‐Dec‐11 $'000 $'000 $'000 $'000 $'000 8,993 16,452 1,409 ‐ 26,854 136 ‐ ‐ (136) ‐
Revenue from external customers	9,129 16,452 1,409 (136) 26,854
Result ‐ EBIT ‐ Unallocated/corporate result ‐ Net interest and finance costs ‐ Segment EBIT	(91) (165) 177 ‐	(79)
		(120)
		(199) (186)
‐ Loss before income tax ‐ Income tax benefit		(385) 123
‐ Loss for the half‐year		(262)

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AMBERTECH LIMITED AND CONTROLLED ENTITIES ACN 079 080 158

NOTES TO AND FORMING PART OF THE FINANCIAL REPORT FOR THE HALF‐YEAR ENDED 31 DECEMBER 2011

NOTE 5: SEGMENT REPORTING (continued)

‐ Total segment revenue ‐ Inter‐segment revenue	Professional Lifestyle Entertainment New Zealand Eliminations Total 31‐Dec‐10 31‐Dec‐10 31‐Dec‐10 31‐Dec‐10 31‐Dec‐10 $'000 $'000 $'000 $'000 $'000 12,952 22,065 1,270 ‐ 36,287 138 ‐ ‐ (138) ‐	Professional Lifestyle Entertainment New Zealand Eliminations Total 31‐Dec‐10 31‐Dec‐10 31‐Dec‐10 31‐Dec‐10 31‐Dec‐10 $'000 $'000 $'000 $'000 $'000 12,952 22,065 1,270 ‐ 36,287 138 ‐ ‐ (138) ‐
Revenue from external customers	13,090 22,065 1,270 (138) 36,287
Result ‐ EBIT ‐ Unallocated/corporate result ‐ Segment EBIT ‐ Net interest and finance costs	603 841 (84) ‐	1,360
		(298)
		1,062 (251)
‐ Income tax expense ‐ Profit before income tax		811 (201)
‐ Profit for the half‐year		610

NOTE 6: PLANT AND EQUIPMENT

The carrying values of plant and equipment includes additions during the half‐year of $490,000 which relate to construction in progress of new premises.

NOTE 7: OTHER FINANCIAL LIABILITIES

Other financial liabilities comprise of bills payable that are part of a multi‐option borrowing facility in place that includes flexible overdraft and commercial bill components. The consolidated entity has breached its covenants in relation to this facility during the period, and as a result, has renegotiated the facility with the entity's lender. The new facility was signed on 30 January 2012 and revised to $5,350,000 (December 2010: $6,500,000).

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AMBERTECH LIMITED AND CONTROLLED ENTITIES

ACN 079 080 158

DIRECTORS' DECLARATION

In the directors' opinion:

• the attached financial statements and notes thereto comply with the Corporations Act 2001 , Australian Accounting Standard AASB 134 ' Interim Financial Reporting ', the Corporate Regulations 2001 and other mandatory professional reporting requirements;

• the attached financial statements and notes thereto give a true and fair view of the consolidated entity's financial position as at 31 December 2011 and of its performance for the financial half‐year ended on that date; and

• there are reasonable grounds to believe that the company will be able to pay its debts as and when they become due and payable.

Signed in accordance with a resolution of the directors made pursuant to section 303(5) of the Corporations Act 2001

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P F Wallace

Chairman of Directors

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P A Amos

Managing Director

Dated this 13th day of February 2012 Sydney

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INDEPENDENT AUDITOR’S REVIEW REPORT

TO THE MEMBERS OF AMBERTECH LIMITED

Report on the Half-Year Financial Report

We have reviewed the accompanying consolidated half-year financial report of Ambertech Limited, which comprises the condensed statement of financial position as at 31 December 2011, the condensed statement of comprehensive income, condensed statement of changes in equity and condensed statement of cash flows for the half-year ended on that date, notes comprising a summary of significant accounting policies and other explanatory information, and the directors’ declaration of the consolidated entity. The consolidated entity comprises Ambertech Limited (the company) and the entities it controlled at 31 December 2011 or from time to time during the half-year ended on that date.

Directors’ Responsibility for the Half-Year Financial Report

The directors of the company are responsible for the preparation of the half-year financial report that gives a true and fair view in accordance with Australian Accounting Standards and the Corporations Act 2001 and for such control as the directors determine is necessary to enable the preparation of the half-year financial report that is free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express a conclusion on the half-year financial report based on our review. We conducted our review in accordance with Auditing Standard on Review Engagements ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity , in order to state whether, on the basis of the procedures described, we have become aware of any matter that makes us believe that the financial report is not in accordance with the Corporations Act 2001 including: giving a true and fair view of the consolidated entity's financial position as at 31 December 2011 and its performance for the half-year ended on that date; and complying with Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Regulations 2001 . As the auditor of the company, ASRE 2410 requires that we comply with the ethical requirements relevant to the audit of the annual financial report.

A review of a half-year financial report consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Australian Auditing Standards and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Independence

In conducting our review, we have complied with the independence requirements of the Corporations Act 2001 .

Tel: 61 2 9251 4100 | Fax: 61 2 9240 9821 | www.pkf.com.au PKF | ABN 83 236 985 726 Level 10, 1 Margaret Street | Sydney | New South Wales 2000 | Australia

The PKF East Coast Practice is a member of the PKF International Limited network of legally independent member firms. The PKF East Coast Practice is also a member of the PKF Australia Limited national network of legally independent firms each trading as PKF. PKF East Coast Practice has offices in NSW, Victoria and Brisbane. PKF East Coast Practice does not accept responsibility or liability for the actions or inactions on the part of any other individual member firm or firms.

Liability limited by a scheme approved under Professional Standards Legislation.

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Conclusion

Based on our review, which is not an audit, we have not become aware of any matter that makes us believe that the half-year financial report of Ambertech Limited is not in accordance with the Corporations Act 2001 including:

• (a) giving a true and fair view of the consolidated entity’s financial position as at 31 December 2011 and of its performance for the half-year ended on that date; and

• (b) complying with Accounting Standard AASB 134 Interim Financial Reporting and Corporations Regulations 2001 .

PKF

Arthur Milner Partner

Sydney 13 February 2012

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