Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

ANTEOTECH LTD Interim / Quarterly Report 2017

Feb 26, 2017

64304_rns_2017-02-26_bca49ed7-fc8d-4686-be9b-f109ef2eee1c.pdf

Interim / Quarterly Report

Open in viewer

Opens in your device viewer

==> picture [315 x 91] intentionally omitted <==

Appendix 4D Half-Year Report For the half-year ended 31 December 2016 ABN 75 070 028 625

This half-year report is provided to the Australian Stock Exchange (ASX) under ASX Listing Rule 4.2A.3. This information should be read in conjunction with the half-year report for the period to 31 December 2016.

Current reporting period: Previous corresponding period:

Half-year ended 31 December 2016 Half-year ended 31 December 2015

Results for Announcement to the Market

Percentage
Change
Amount
% €’000
Revenue from ordinary activities Up 2,063% to 8,567
Profit/(loss) from ordinary activities
aftertaxattributable tomembers
Down 0.3% to (2,024)
Net profit/(loss) for the period
attributable tomembers
Down 0.3% to (2,024)

Dividends/distributions

Amount per security Franked amount
per security
Final Dividend Nil Nil
Interim Dividend Nil Nil

Net Tangible Assets

2016 € cents 2015 € cents
Net tangible asset backing per ordinary
share
2.4 0.01

Controlled entities acquired or disposed of

No controlled entities were acquired or disposed during the current half-year period.

Notes:

  • Reports are based on audited consolidated financial statements

  • All figures are presented in Euros, unless otherwise stated

==> picture [115 x 87] intentionally omitted <==

==> picture [248 x 55] intentionally omitted <==

ANTEO DIAGNOSTICS LIMITED AND ITS CONTROLLED ENTITIES ABN 75 070 028 625

INTERIM FINANCIAL REPORT FOR THE HALF YEAR ENDED 31 DECEMBER 2016

ANTEO DIAGNOSTICS LIMITED AND ITS CONTROLLED ENTITIES ABN 75 070 028 625

INTERIM FINANCIAL REPORT FOR THE HALF YEAR ENDED 31 DECEMBER 2016

Contents Page Contents Page
Corporate Directory 1 Statement of Cash Flows 8
Chairman’s Letter 2 Notes to the Financial Statements 9
Directors’ Report 4 Directors’ Declaration 12
Statement of Profit or Loss and Other
Comprehensive Income
5 Auditor’s Independence Declaration 13
Statement of Financial Position 6 Independent Review Report 14
Statement of Changes in Equity 7

CORPORATE DIRECTORY

Directors Dr John Hurrell Non-Executive Chairman/Director Dr Geoffrey Cumming Non-Executive Director Mr Richard Martin Non-Executive Director Mr Rolf Sickman Non-Executive Director Company Secretary Mr Peter Harding-Smith Registered office 4/26 Brandl Street, Eight Mile Plains QLD 4113 Mailing address 4/26 Brandl Street, Eight Mile Plains QLD 4113 E-mail: [email protected] Website: www.anteodx.com Legal advisors ClarkeKann Lawyers 300 Queen Street, Brisbane QLD 4000 Auditors Grant Thornton 145 Ann Street, Brisbane QLD 4000 Patent attorneys Freehills Patent Attorneys 101 Collins Street, Melbourne VIC 3000 Fisher Adams & Kelly Level 6, 175 Eagle Street, Brisbane QLD 4000 Share registry Boardroom Pty Limited Level 7, 207 Kent Street, Sydney NSW 2000 Bankers Australia and New Zealand Banking Group Limited 3 Sherwood Road, Toowong QLD 4066

1

ANTEO DIAGNOSTICS LIMITED AND ITS CONTROLLED ENTITIES ABN 75 070 028 625

CHAIRMAN’S LETTER FOR THE HALF YEAR ENDED 31 DECEMBER 2016

Dear Shareholders,

This past 6 months have been quite a roller coaster for all stakeholders in our company. We have seen some very positive developments but we have had some disappointments that have dampened the way we view the progress we have made and the options we have for moving forward.

In the period, two Board members, Mr Mark Bouris, our former Chairman, and Ms Sam Anderson both stood down due to other commitments. In addition, our long time Company Secretary, Mr. Shane Hartwig, stood down due to added responsibilities within his firm. Mr Richard Martin, after involvement from inception and an effective founder, stood down as CFO at the end of September 2016. We would like to thank all of them for their service and dedication to the Company.

On a positive note, we welcomed Mr Peter Harding-Smith to the company in October as Group CFO and Company Secretary. Peter is a Chartered accountant, a Fellow of the Governance Institute of Australia and has more than 10 years’ experience as CFO and Company Secretary of ASX listed companies. I was appointed Chairman in November of 2016 and requested that we do a careful review of the company and examine our strengths, weaknesses and the mission we are pursuing in order to determine the best alternatives to grow the company going forward over the coming years. We are also addressing the Corporate Governance of the Company and will be reviewing the structure and skill set of the Board to ensure we are appropriately positioned for the future.

Significant progress has been made both in the Anteo Diagnostics and DIAsource business activities. The Anteo Diagnostics team has continued to strengthen our patent portfolio in the area of medical devices with the filing of a number of new applications and others moving through the examination process. Anteo has also entered into funded collaborative relationships to apply the company’s nanotechnology to several Point of Care platforms. In particular, Anteo has become a participant within the Defense Materials Technology Center (DMTC), and in addition progressed relationships with Ellume, Planet Innovation and Atomo Diagnostics. These collaborations are all centered in Australia which makes the involvement by Anteo more easily managed and real time compared to previous collaborations that have been mostly based overseas. These relationships are in early stages however they represent broad applications of our core technology. It is anticipated these projects will lead to supply agreements when the products are commercialized.

DIAsource, our subsidiary located in Belgium, has continued to grow as anticipated. The company released 2 new products in the past half year, ELISA tests for the Zika virus and a unique test for free 25-hydroxy Vitamin D. Both assays were launched at the annual scientific and tradeshow meeting of the American Association of Clinical Chemists. Anteo Diagnostics also released 3 new products at the same meeting. We reported in the latest Appendix 4C, the DIAsource financial result for their financial year, which was calendar year 2016. Pleasingly, the result exceeded expectation in both revenue and EBIDTA driven by strong sales across the product lines but particularly by sales of the Vitamin D ELISA test products. The Board has been very satisfied with the performance and management of DIAsource to date.

DIAsource was a strategic acquisition to move the Anteo Group into the diagnostics mainstream, to provide a platform for future development, manufacture and distribution of the Anteo nanotechnology surface modification technology and to be a sustainable source of cash to fund future activities. We anticipated that the markets would see this as a positive move and the value and potential of the combined companies would be recognized. Unfortunately to the disappointment of the Board, management and shareholders this wasn’t the case. Our share price has eroded significantly since the acquisition to the great disappointment of all involved and has greatly reduced your Board’s flexibility as we move forward. I have heard from a number of you and I understand your frustration.

2

ANTEO DIAGNOSTICS LIMITED AND ITS CONTROLLED ENTITIES ABN 75 070 028 625

CHAIRMAN’S LETTER FOR THE HALF YEAR ENDED 31 DECEMBER 2016

As a result of our review, the Board is pursuing several options to enable to company to execute its strategy and make a greater focused investment in the core technology to deliver commercially significant outcomes in the diagnostics, medical device and energy areas.

Yours faithfully,

==> picture [92 x 43] intentionally omitted <==

John Hurrell Chairman 27 February 2016

3

ANTEO DIAGNOSTICS LIMITED AND ITS CONTROLLED ENTITIES ABN 75 070 028 625

DIRECTORS’ REPORT FOR THE HALF YEAR ENDED 31 DECEMBER 2016

The Directors of Anteo Diagnostics Limited submit herewith the interim financial report for the halfyear ended 31 December 2016. In order to comply with the provisions of the Corporations Act 2001, the Directors report as follows:

The names of the Directors of the Company during or since the end of the half-year are: Dr John Hurrell Dr Geoffrey Cumming Mr Richard Martin Mr Rolf Sickman Ms Sam Anderson (ceased 24 August 2016) Mr Mark Bouris (ceased 14 November 2016)

REVIEW OF OPERATIONS

The six months has been a vastly different six months compared to prior year. The acquisition and performance of DIAsource has changed the nature of the group and is delivering strong top line and bottom line growth. The Australian operation has had its share of success with progress in the Medical Devices Area and Point of Care. Development within Energy, specifically in Li-ion batteries, has progressed but not at the speed at which we were expecting. This is a focus for Anteo over the next six months.

The Quarterly Activity Reports lodged with the ASX on the 31 January 2017 and the 31 October 2016 provide further details on the group’s performance during the six months to 31 December 2016.

RESULT FOR THE PERIOD

The net loss after tax for the half-year ending 31 December 2016 was €2,024,224 compared with a loss of €2,018,763 in the same period last year.

The significant change from last half-year to this half-year has been the acquisition of DIAsource Immunoassays SA, our Belgium subsidiary. The 31 December 2016 results includes a one-off adjustment for the earn out obligation of €2,898,602. The increase in earn out obligation reflects the strong second half year performance on the earn out parameters. Excluding this one-off adjustment, the Group made a profit after income tax of €874,378 for the six months.

As at 31 December 2016, the Company held cash and deposits of €2,331,406 (30 June 2016: €2,522,170).

DIVIDENDS

The Directors have not declared a dividend to be paid during the period.

AUDITOR’S INDEPENDENCE DECLARATION

A copy of the Auditor’s Independence Declaration (as required under Section 307C of the Corporations Act 2001) is shown on page 13 and forms part of this report.

Signed in accordance with a resolution of the Directors made pursuant to Section 306(3) of the Corporations Act 2001.

On behalf of the Directors

==> picture [82 x 38] intentionally omitted <==

John Hurrell, Chairman, Brisbane, 27[th] February 2017

4

ANTEO DIAGNOSTICS LIMITED AND ITS CONTROLLED ENTITIES ABN 75 070 028 625

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE HALF YEAR ENDED 31 DECEMBER 2016

Note
Sales revenue
Cost of sales
Gross Profit
Other Income
2
Selling, distribution and business development expenses
Occupancy expenses
Administration expenses
Borrowing costs
Research and development expenses
Earn out adjustment relating to acquisition

Profit /(Loss) from ordinary activities before income tax

Income tax expense
Profit /(Loss) from ordinary activities after income tax
Profit /(Loss) attributable to members of the parent
entity

Other Comprehensive Income
Total Comprehensive Income (Loss)

Basic earnings per share (cents per share)
Diluted earnings per share (cents per share)
31 December
2016

8,567,163
(3,938,658)
4,628,505
2,033,694
(1,114,533)
(604,842)
(2,276,186)
(793,950)
(866,058)
(2,898,602)
(1,891,972)
(132,252)
(2,024,224)
(2,024,224)
180,800
(1,843,424)
(0.16)
(0.16)
31 December
2015

396,275
-
396,275
1,008,893
(656,829)
(47,394)
(1,553,125)
-
(1,166,584)
-
(2,018,763)
-
(2,018,763)
(2,018,763)
(114,034)
(2,132,797)
(0.26)
(0.26)

The financial statements should be read in conjunction with the accompanying notes.

5

ANTEO DIAGNOSTICS LIMITED AND ITS CONTROLLED ENTITIES ABN 75 070 028 625

CONSOLIDATED STATEMENT OF FINANCIAL POSITION FOR THE HALF YEAR ENDED 31 DECEMBER 2016

Note
CURRENT ASSETS
Cash Assets
Receivables
Inventories
Other
TOTAL CURRENT ASSETS
NON-CURRENT ASSETS
Property, plant and equipment
Intangible assets
Deferred tax asset
Other financial assets
TOTAL NON-CURRENT ASSETS
TOTAL ASSETS
CURRENT LIABILITIES

Trade and Other Payables
Financial liabilities
Provisions
TOTAL CURRENT LIABILITIES
NON-CURRENT LIABILITIES
Financial liabilities
Provisions
Deferred tax liability
TOTAL NON-CURRENT LIABILITIES
TOTAL LIABILITIES
NET ASSETS
EQUITY
Contributed equity
Convertible notes
Share option reserve
Foreign exchange reserve
Accumulated losses
TOTAL EQUITY
31 December
2016

2,331,406
5,886,686
3,464,173
52,523
11,734,788
14,916,923
8,893,903
131,243
5,209
23,947,278
35,682,066
2,697,694
9,617,417
914,249
13,229,360
10,213,580
24,524
4,266,181
14,504,285
27,733,645
7,948,421
38,790,087
-
424,005
20,099
(31,285,770)
7,948,421
30 June
2016

2,522,170
4,696,382
3,400,838
72,017
10,691,407
15,374,118
8,893,903
271,400
5,209
24,544,630
35,236,037
3,069,697
7,547,311
804,370
11,421,378
10,107,839
33,673
4,357,761
14,499,273
25,920,651
9,315,386
36,961,415
1,370,672
501,753
(160,701)
(29,357,753)
9,315,386

The financial statements should be read in conjunction with the accompanying notes.

6

ANTEO DIAGNOSTICS LIMITED AND ITS CONTROLLED ENTITIES ABN 75 070 028 625

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE HALF YEAR ENDED 31 DECEMBER 2016

Balance at 1 July 2015
Issued during the period
Capital Raising Costs
Options expensed for the period
Options lapsed for the period
Options converted to shares for the period
Losses attributable to members of the
parent entity
Other Comprehensive income
Balance at 31 December 2015
Balance at 1 July 2016
Issued during the period
Capital Raising Costs
Conversion of Convertible notes in
Ordinary Shares
Options expensed for the period
Options lapsed for the period
Options converted to shares for the period
Losses attributable to members of the
parent entity
Other Comprehensive income
Balance at 31 December 2016
Ordinary
Shares
Convertible
Notes
Options
Accumulated
Losses
Foreign
Exchange
Total






28,395,667
-
676,683
(25,570,584)
169,390
3,671,156
4,275,450
-
-
-
-
4,275,450
(242,440)
-
-
-
-
(242,440)
-
-
22,531
-
-
22,531
-
-
(157,214)
157,214
-
-
-
-
-
-
-
-
-
-
-
(2,018,763)
-
(2,018,763)
-
-
-
-
(114,034)
(114,034)
32,428,677
-
542,000
(27,432,133)
55,356
5,593,900
36,961,415
1,370,672
501,753
(29,357,753)
(160,701)
9,315,386
-
458,000
-
-
-
458,000
-
1,828,672
(1,828,672)
-
-
-
-
-
-
18,459
-
-
18,459
-
-
(96,207)
96,207
-
-
-
-
-
-
-
-
-
-
-
(2,024,224)
-
(2,024,224)
-
-
-
-
180,800
180,800
38,790,087
-
424,005
(31,285,770)
20,099
7,948,421

The financial statements should be read in conjunction with the accompanying notes.

7

ANTEO DIAGNOSTICS LIMITED AND ITS CONTROLLED ENTITIES ABN 75 070 028 625

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE HALF YEAR ENDED 31 DECEMBER 2016



CASH FLOWS FROM OPERATING ACTIVITIES:

Receipts from customers
Receipts from government grants and rebates
Payments to suppliers and employees
Borrowing costs
Interest received

Net cash (used in) operating activities

CASH FLOWS FROM INVESTING ACTIVITIES:

Payment for property, plant and equipment
Cash placed on current deposit

Net cash (used in) investing activities

CASH FLOWS FROM FINANCING ACTIVITIES:

Capital raising costs
Proceeds from share issues
Proceeds for the issue of convertible notes
Proceeds from borrowings
Repayment of borrowings
Repayment of finance leases
Net cash (used in) provided by financing activities

Net increase (decrease) increase in cash held
Opening cash brought forward
Foreign exchange effect
Closing cash carried forward
31 December
2016





7,331,336

1,651,448

(8,572,063)

(829,457)

27,000


(391,736)




(73,643)

-

(73,643)




-

-

458,000
655,948
(973,372)
(36,824)

103,752


(361,627)

2,522,170

170,863

2,331,406
31 December
2015



387,982
-
(3,141,119)
-
14,735
(2,738,402)
(105,208)
(2,186,585)
(2,291,793)
(237,748)
4,216,434
-
-
-
-
3,978,686
(1,051,509)
3,574,829
(116,548)
2,406,772

The financial statements should be read in conjunction with the accompanying notes.

8

ANTEO DIAGNOSTICS LIMITED AND ITS CONTROLLED ENTITIES ABN 75 070 028 625

NOTES TO THE FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 31 DECEMBER 2016

1. Summary of accounting policies

Basis of Preparation

The half-year financial report is a general purpose financial report prepared in accordance with the Corporations Act 2001, AASB 134 Interim Financial Reporting, Australian Accounting Interpretations and other authoritative pronouncements of the Australian Accounting Standards Board. Compliance with AASB 134 ensures compliance with International Financial Reporting Standard IAS 34 Interim Financial Reporting. The half-year financial report does not include disclosures or notes of the type normally included in an annual financial report and should be read in conjunction with the most recent annual financial report and any other public announcements made during the half-year in accordance with the continuous disclosure requirements arising under the Australian Stock Exchange Listing Rules and the Corporations Act 2001.

(a) Going Concern

This report adopts the going concern basis of accounting, which contemplates the realisation of assets and the discharge of liabilities and commitments in the ordinary course of business.

During the 2016 Financial Year, the Group acquired DIAsource Immunoassay SA, a Belgium based company. This acquisition was partly funded by Vendor finance totalling €7,700,000, of which €5,775,000 remains outstanding at the date of this report. Vendor funding repayments, including interest, of €2,282,262 plus an earn out estimated to be €6,344,000 are due in the next 12 months. The next repayment of €1,090,601 was made in January 2017, with the second repayment due in July 2017. The earn out is due in April 2017.

For the six months to 31 December, the Group reported a loss after income tax of €2,024,224. There was a once off adjustment to the earn out liability of €2,898,602. Removing this once-off adjustment would result in a profit after income tax of €874,378 for the six months.

The statement of financial position at 31 December indicates current liabilities exceeded current assets by €1,494,572. Excluding the current liability to the vendors of DIAsource, current assets exceed currently liabilities by €8,309,278.

The Board is considering a number of strategies to address the total obligation to the DIAsource vendors and is in discussion with a number of parties, including the vendors, advisors and brokers concerning a liquidity event to fund these impending obligations as well as the Group’s ongoing operational requirements over the next 12 months. Having assessed the different options available, the Board is of the view that the Company can meet its obligations as and when they fall due. As at 31 December 2016 the Group had €2,331,406 in cash reserves.

If for any reason the Group is unable to continue as a going concern, it would impact on the Group’s ability to realise assets at their recognised values and to extinguish liabilities in the normal course of business at the amounts stated in the consolidated financial statements.

9

ANTEO DIAGNOSTICS LIMITED AND ITS CONTROLLED ENTITIES ABN 75 070 028 625

NOTES TO THE FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 31 DECEMBER 2016

2. Results for the Half-year



The loss before income tax expense has been determined
after:
Depreciation of non-current assets:
Plant and equipment
Furniture and office equipment
Building
Total depreciation of non-current assets

Staff Remuneration
Salaries
Superannuation
Share Based Payments

Other Income
R&D Tax Concession Rebate and grants
Movement in provision due to change in estimate
Interest – other corporations
Other Expenses from ordinary activities
Options Expense
Investment Activity
Financing Costs
31 December
2016






(298,318)
(20,687)
(221,768)
(540,773)
(2,269,382)
(63,211)
(18,459)
(2,351,052)
1,673,694
333,000
27,000
2,033,694
(18,460)
-
(793,950)
(812,410)
31 December
2015


(62,291)
-
-
(62,291)
(764,501)
(72,109)
(22,095)
(858,705)
994,078
-
14,815
1,008,893
(22,096)
(621,375)
(706,500)
(1,349,971)

3. Segment Reporting

Consolidated 31/12/2016
Revenue
Other Income
Total Revenue and other income
Profit/(Loss) before income tax expense
Income tax expense
Profit/(Loss) after income tax expense
Assets
Segment Assets
Segment liabilities
Segment net assets
Additions to non-current assets
Australia
Belgium
Unallocated
Total




86,444
8,480,719
-
8,567,163
1,414,133
592,561
27,000
2,033,694
1,500,577
9,073,280
27,000
10,600,857
511,348
1,964,508
(4,367,828)
(1,891,972)
-
(132,252)
-
(132,252)
511,348
1,832,256
(4,367,828)
(2,024,224)
426,790
34,458,740
796,536
35,682,066
574,550
14,077,596
13,081,499
27,733,645
(147,760)
20,381,144
(12,284,963)
7,948,421
-
(73,643)
-
-

10

ANTEO DIAGNOSTICS LIMITED AND ITS CONTROLLED ENTITIES ABN 75 070 028 625

NOTES TO THE FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 31 DECEMBER 2016

4. Events Subsequent to Reporting Date

On the 11 January 2017, Anteo Diagnostics made the next payment of €1,090,601 under the Vendor Finance Agreement.

After the reporting date, 5,000,000 unlisted options lapsed, being 5,000,000 unlisted options and a further 2,000,000 unlisted options were issued as part of an employment agreement with Anteo Diagnostics.

There were no other events subsequent to the reporting date.

5. Equity Issued

During the six months, Bergen Global Asset Management Inc elected to convert their convertible notes on the 1 August and 21 August 2016. As a result of the conversion, 83,741,179 shares were issued to Bergen at $0.035 and $0.036 respectively.

There was no other equity issues during the six months to 31 December 2016.

11

ANTEO DIAGNOSTICS LIMITED AND ITS CONTROLLED ENTITIES ABN 75 070 028 625

DIRECTORS’ DECLARATION FOR THE HALF YEAR ENDED 31 DECEMBER 2016

In the opinion of the directors:

  • a. the consolidated financial statements and notes of Anteo Diagnostics Limited set out on pages 4 to 11 are in accordance with the Corporations Act 2001, including

  • i. giving a true and fair view of its financial position as at 31 December 2016 and of its performance for the half-year ended on that date; and

  • ii. complying with Accounting Standard AASB 134 Interim Financial Reporting; and

  • b. 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:

On behalf of the Directors

==> picture [132 x 61] intentionally omitted <==

John Hurrell Chairman

Dated 27[th] February 2017

12

==> picture [307 x 65] intentionally omitted <==

���������

�������������������� ��������������� �������������������� �������������������� ������������� ������������������

�� ���������������� �� ���������������� �� ������������������ ��������������������������

����������������������������������� �����������������������������������������������

������������������������������������������������������������������������������������������ ���������������������������������������������������������������������������������������� �������������������������������������������������������������������������������

  • ������������������������������������������������������������������������������� ����������������������������������������

  • ������������������������������������������������������������������������������������ ��������

==> picture [188 x 62] intentionally omitted <==

����������������������������� ����������������������

==> picture [147 x 54] intentionally omitted <==

���������� ����������������������������

���������������������������

��������������������������������������������� ���������������������������������������������������������������������������������

  • �������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������

  • �������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������

  • ����������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������

  • �������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������� ����������������������������������������������������������������������������������������������������������������������������

���������������������������������������������������������������������������������

==> picture [467 x 65] intentionally omitted <==

���������

�������������������� ��������������� �������������������� ��������������������

������������� ������������������

�� ���������������� �� ���������������� �� ������������������ ��������������������������

������������������������������������ ��������������������������������������������

���������������������������������������������������������������������������������� ��������������������������������������������������������������������������������������� �������������������������������������������������������������������������������������������� ������������������������������������������������������������������������������������� ������������������������������������������������������������������������������������������� ����������������������������������������������������������������������������������������� �������������������������������������������������������������������������������������������� ������������������������������������������������������

�������������������������������������������������������������

������������������������������������������������������������������������������������������� ����������������������������������������������������������������������������������������������� ������������������ ��������������������� ����������������������������������������������������� ������������������������������������������������������������������������������������������������� ���������������������������������������������

�������������������������

��������������������������������������������������������������������������������������������� ��������������������������������������������������������������������������������������� �������������������������������� ���������������������������������������������������������� ��������������������� �������������������������������������������������������������������������� ��������������������������������������������������������������������������������������������� ��������������������������� ��������������������� ����������������������������������������������� ������������������������������������������������������������������������������������������ ���������������������������������������������������������������������������������������� ������������������ ��������������������������� ��������� ����������������������������� ���������� ����������������������������������������������������������������������������������������� �������������������������������������������������������������������

��������������������������������������������� ���������������������������������������������������������������������������������

�������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������

������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������� ���������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������� �������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������� ����������������������������������������������������������������������������������������������������������������������������

���������������������������������������������������������������������������������

==> picture [326 x 46] intentionally omitted <==

�������������������������������������������������������������������������������������������� ������������������������������������������������������������������������������������������� ������������������������������������������������������������������������������������������� ������������������������������������������������������������������������������������������� ��������������������������������������������������������������������������������������������� ��������������������������������������������������

�������������

�������������������������������������������������������������������������������� ��������������������� �����

�����������

���������������������������������������������������������������������������������������� �������������������������������������������������������������������������������������������� �������������������� ��������������������� �������������

  • ������������������������������������������������������������������������������������� �������������������������������������������������������������������������������

  • �������������������������������������������� ��������������������������� ����� ����������������������������� ��

���������������������������������������������������������������

���������������������������������������������������������������������������������������������� ��������������������������������������������������������������������������������������������� �������������������������������������������������������������������������������������������� ��������������������������������������������������������������������������������������� ��������������������������������������������������������������������������������������������� ������������������������������������������������������������������������������������������������ ������������������������������������������������������������������������������������������������� �����������������������������������

==> picture [188 x 61] intentionally omitted <==

����������������������������� ����������������������

==> picture [147 x 54] intentionally omitted <==

���������� ����������������������������

���������������������������