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COMPLII FINTECH SOLUTIONS LTD Annual Report 2016

Sep 28, 2016

64639_rns_2016-09-28_a847d1ad-9f3c-4080-8b3c-1ea426b9824e.pdf

Annual Report

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(formerly Star Striker Limited) ABN 71 098 238 585

ANNUAL FINANCIAL REPORT for the year ended 30 June 2016

CONTENTS

Page
CORPORATE INFORMATION 1
DIRECTORS’ REPORT 2
AUDITOR’S INDEPENDENCE DECLARATION 13
CORPORATE GOVERNANCE STATEMENT 14
CONSOLIDATED STATEMENT OF PROFIT AND LOSS AND OTHER COMPREHENSIVE INCOME 15
CONSOLIDATED STATEMENT OF FINANCIAL POSITION 16
CONSOLDIATED STATEMENT OF CASH FLOWS 17
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 18
NOTES TO THE FINANCIAL STATEMENTS 19
DIRECTORS’ DECLARATION 44
INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF STAR STRIKER LIMITED 45
ASX ADDITIONAL INFORMATION 47

INTIGER GROUP LIMITED (formerly Star Striker Limited) ABN 71 098 238 585

ANNUAL FINANCIAL REPORT 30 June 2016

CORPORATE INFORMATION

DIRECTORS

Mr M Rantall (Non-Executive Chairman) Mr M Fisher (Executive Director) Mr P Canion (Non-Executive Director) Mr M Walker (Non-Executive Director)

REGISTERED OFFICE

Level 2, 330 Churchill Avenue

Subiaco WA 6008

PRINCIPAL PLACE OF BUSINESS

Level 2, 330 Churchill Avenue Subiaco WA 6008

AUDITORS

COMPANY SECRETARY

Mr S Cheema

HLB Mann Judd (Vic Partnership) Level 9, 575 Bourke Street

Melbourne VIC 3000

SOLICITORS

Steinepreis Paganin 6 Milligan St Perth WA 6000

SHARE REGISTRY

Security Transfer Registrars 770 Canning Highway Applecross WA 6153

INTERNET ADDRESS

www.intigergrouplimited.com.au

ASX CODES

Shares IAM Options IAMOA

COUNTRY OF INCORPORATION AND DOMICILE

Australia

INTIGER GROUP LIMITED (formerly Star Striker Limited) ABN 71 098 238 585

ANNUAL FINANCIAL REPORT 30 June 2016

DIRECTORS’ REPORT

Your directors submit the annual financial report together with the consolidated financial statements of Intiger Group Limited (formerly Star Striker Limited) (“the Company”) which include the financial statements of the Group. The Group comprises the Company and the entities it controlled during the year ended and as at 30 June 2016. In order to comply with the provisions of the Corporations Act 2001 , the directors report as follows:

Directors

The names of directors who held office during or since the end of the year and until the date of this report are as follows. Directors were in office for this entire period unless otherwise stated.

Names, qualifications, experience and special responsibilities

Mark Rantall, (Non-Executive Chairman) Appointed 17 August 2016

Mark was the Chief Executive Officer of the Financial Planning Association of Australia (FPA), the leading body for professional financial planners and the only certification body in Australia for the global CERTIFIED FINANCIAL PLANNER(r) designation, up until February 2016. Mark continues to serve as a director on the Board of the FPA.

Mark is a passionate CFP(r) professional, with a 40 year career in financial services. Appointed as CEO by the FPA Board in 2010, he spearheaded the campaign to raise the standing of Australia's professional financial planners and build consumer trust in the profession through lifting educational and professional standards. His drive and determination has seen the FPA achieve many milestones in this journey.

Prior to the FPA, Mark had already spent several years at the forefront of an evolving profession. He was involved in the creation of The NAB Academy and held the post of Dean of Advice after serving as Managing Director of Godfrey Pembroke from 2003 to 2008. In this role, Mark successfully facilitated more than 200 Godfrey Pembroke advisers to transition to a fee-for-service remuneration model.

Mark is a FCPA and Certified Financial Planner and is committed to excellence in advice and a lifelong commitment to education.

Mark Fisher, (Executive Director) Appointed 17 August 2016

Mark is the founder and proprietor of the Intiger Group.

For the last twenty years Mark has worked globally in senior executive roles for the world’s most respected Tier 1 investment, retail and commercial banking and management consulting firms, including Barclays International Retail and Commercial Bank, Lloyds of London, HSBC Merchant and Capital Markets, GE Capital Bank Europe, Barclays Capital Investment Bank, Nationwide Bank UK, Navigant Consulting Europe, Cembra Money Bank Switzerland and Budapest Bank Hungary.

Specialising in large scale global change programs, offshore processing, cost reduction strategies and institutional restructuring, Mark has lived and worked in a variety of global locations including the US, UK, Switzerland, Nigeria, Spain, France, Portugal, Italy, France, Ecuador, Colombia, India, Philippines, Latvia, Romania, Poland and Hungary.

In 1999 Mark was Program Lead under Jack Welch at GE Capital Bank USA. At the time, Mr Welch made one of the first attempts by any Western commercial institution to transfer white good/administrative processes offshore.

As recent Head of Strategy and Change for the Royal Bank of Scotland SS&P, Mark oversaw its strategic positioning inclusive cost reduction and efficiency gains via captured Indian offshore processing platforms.

Patrick Canion, (Non-Executive Director) Appointed 17 August 2016

Patrick has over 30 years’ experience in financial services and is nationally recognised in the media and financial services for his leadership and innovation in financial planning. He is a Certified Financial Planner and holds a Masters of Applied Finance and Investment. He is also a Fellow of the Financial Services Institute of Western Australia and a Graduate member of the Australian Institute of Company Directors.

Patrick is a member of the Financial Planning Association and was recently presented with their Distinguished Service Award. Patrick is also a former director of the Financial Planning Association Ltd and past-President of the Western Australian Club Inc. Currently his directorships include being a director/trustee of the Future 2 Foundation Ltd and director of Pajoda Investments Pty Ltd trading as ipac Western Australia.

INTIGER GROUP LIMITED (formerly Star Striker Limited)

ANNUAL FINANCIAL REPORT 30 June 2016

ABN 71 098 238 585

DIRECTORS’ REPORT (continued)

M Walker, (Non-Executive Director) Appointed 1 August 2014

Mr. Walker is a businessman and entrepreneur with extensive experience in the management of public and private companies, corporate governance and the provision of corporate advice. In a management career spanning three decades, Mr. Walker has served as executive Chairman or Managing Director for public companies with operations in North America, South America, Africa, Eastern Europe, Australia and Asia. He is co-founder of technology incubator Alchemy Venture Capital and Chairman of boutique corporate advisor Cicero Advisory Services.

For twenty five years Mr. Walker has served as Managing Director of his family livestock business, which was sold in part to Australia’s largest beef cattle producer the Australian Agricultural Company Limited (ASX: AAC) in 2006, described by AAC at the time as “the world’s largest and most credentialed full blood herd outside of Japan and is viewed as Australia’s premier Wagyu Business”. He remains active in the agricultural industry, with extensive family beef cattle interests in both New South Wales and Western Australia, is one of Western Australia’s leading grain producers and a known industry advocate for animal welfare. Mr. Walker holds a Bachelor of Business from the University of Technology, Sydney, and is an Economic Development Ambassador for World Vision Australia.

During the last three years, Mr Walker has served as a director of ZipTel Limited (resigned 12 June 2014) and Yojee Limited (appointed 30 June 2016).

S Cheema , (Company Secretrary) Appointed Director on 31 July 2015, Resigned 17 August 2016, remains as Company Secretary.

L Jones, (Non-Executive Director – Appointed 2 December 2015, Resigned 17 August 2016

A Bell , (Non-Executive Chairman) MA, LLB Appointed 6 August 2007, Resigned 10 December 2015

R Parker , (Non-Executive Director) Appointed 2 July 2014, Resigned 31 July 2015

Interest in the shares and options of the company

As at the date of this report, the interests of the directors in the shares and options of the Company were:

M Rantall
M Fisher
P Canion
M Walker
Number of Performance
Shares
Number of
Ordinary Shares
Number of Listed
Options
Number of
Unlisted Options
-
-
-
17,500,000
220,000,000 (Class A)
220,000,000 (Class B)
-
-
15,000,000
-
-
-
17,500,000
-
105,000,000
20,000,000
-

Share options

Unissued shares

As at the date of this report, there were 402,682,093 (2015: 288,961,801) unissued ordinary shares under options and 174,030,049 unissued ordinary shares pursuant to the prospectus offer as announced on 29 June 2016. Details of unissued ordinary shares under options are:

Unissued ordinary shares under options
Listed options exercisable as follows:
Exercisable at $0.02 and expire 30 June 2020
Exercisable at $0.008 and expire 31 December 2017
Total
30 June 2016
Reporting date
100,000,000
100,000,000
302,682,093
302,682,093
402,682,093
402,682,093

Option holders do not have any right, by virtue of the option, to participate in any share issue of the Company or any related body corporate or in the interest issue of any other registered scheme.

There have been no unissued shares or interests under option of any controlled entities within the Group during or since reporting date. For details of options issued to directors and executives as remuneration, refer to the Remuneration Report. No person entitled to exercise the option had or has any right by virtue of the option to participate in any share issue of any other body corporate.

INTIGER GROUP LIMITED (formerly Star Striker Limited) ABN 71 098 238 585

ANNUAL FINANCIAL REPORT 30 June 2016

DIRECTORS’ REPORT (continued)

Dividends

No dividends have been paid or declared since the start of the year and the directors do not recommend the payment of a dividend in respect of the year ended 30 June 2016 (30 June 2015: $Nil).

Principal activities

During the year ending 30 June 2016, the Company lodged a re-compliance prospectus for the purposes of satisfying Chapters 1 and 2 of the ASX Listing Rules and to satisfy ASX requirements for re-listing following a change to the nature and scale of the Company’s activities. The replacement prospectus dated 16 June 2016, replaced the original prospectus dated 2 June 2016 relating to the Securities of Intiger Group Limited (formerly Star Striker Limited) (ACN 098 238 585).

Review of operations

During the full year ending 30 June 2016 the Company successfully completed the following operational and financial activities:

  • On 26 August 2015, the Directors of SRT announced the establishment of a share sale facility ( Facility ) for holders of less than a marketable parcel (defined in the ASX Listing Rules as a parcel of securities of not less than $500 in value) ( Less Than Marketable Parcel ) of the Company's shares. Of the Company's 1,807 shareholders on 25 August 2015, 1,243 held Less Than Marketable Parcels holding approximately 1.14% of the Company’s shares on issue. The completion of the Facility took place during the December quarter.

  • On 8 October 2015 the company announced the completion of its share placement ( Placement ) of up to 97,500,762 fully paid ordinary shares at a price of $0.008 per share, with 1 for 2 free attaching Options ( ASX: SRTOA ) ( Options ) (exercisable at $0.008 on or before 31 December 2017), to raise up to $780,006 before costs.

  • On 4 November 2015, Star Striker completed the Non-underwritten placement of up to 64,994,155 fully paid ordinary shares at a price of $0.0125 per share to raise up to approximately $812,427 on 4 November 2015 under the Company’s ability to use its placement capacity under ASX Listing Rule 7.1A. The issue of the shares was approved by shareholders at the Company’s AGM.

  • Following the appointment of Miss Loren Jones as Non-Executive Director on 2 December 2015, Mr Andrew Bell resigned as Non-Executive Director of the Company on 10 December 2015.

  • Following the announcement and execution of exclusivity agreement, Star Striker announced on 21 January 2016 that it has entered into a conditional binding terms sheet to acquire 100% of the issued capital of Australian based Intiger Asset Management Pty Ltd and associated entities.

  • The Company announced on 14 March the completion, to its satisfaction, financial, legal and technical due diligence for the acquisition the Intiger Group pursuant to the executed Agreement.

  • On 26 April 2016 the Company dispatched its Notice of General Meeting ( GM ) to seek shareholder approval in relation to the acquisition of the Intiger Group by Star Striker. An addendum to the GM was subsequently lodged and dispatched on 18 May 2016 to notify shareholders of the revision to Resolution 3 – Issue of securities to Mark Fisher. The results of the GM were lodged with ASX on 10 June 2016.

  • The Prospectus offer document with the ASX on 2 June 2016. This is a re-compliance prospectus for the purposes of satisfying Chapters 1 and 2 of the ASX Listing Rules and to satisfy ASX requirements for re-listing following a change to the nature and scale of the Company’s activities. On 16 June 2016, a replacement prospectus was lodged with the ASX. This replacement prospectus replaces the original prospectus dated 2 June 2016 relating to the Company shares of Star Striker Limited.

  • On 29 June 2016 the Company advised that its offer of up to 174,030,549 fully paid ordinary shares at an issue price of $0.02 per Share to raise up to $3,480,610.98 pursuant to the replacement prospectus dated 16 June 2016, had closed fully subscribed.

The Company held $4,485,911 (inclusive of $3,616,937 held in trust) in cash as at 30 June 2016, compared to $322,138 at 30 June 2015. Fund raising for the twelve months to 30 June 2016 was $2,205,471 before costs. The Company has cash resources and liquidity for the near term but as it looks forward is still reliant on the ongoing support of significant shareholders and directors.

Operating results for the year

The statement of comprehensive income shows a net loss attributable to members of $1,072,419 (2015: loss of $1,160,452).

Significant events after the reporting date

On 18 August 2016, the Company announced the completion of the acquisition of Intiger Asset Management Pty Ltd and Associated Entities as below.

Intiger Group Limited (previously ‘Star Striker Limited’) (ASX: IAM) (ACN 098 238 585) (Company) advised that all conditions precedent to the agreement entered into by the Company to acquire all of the issued capital of each of:

  • (a) Intiger Asset Management Pty Ltd (ACN 606 729 328) (Intiger);

  • (b) Intiger Process Enhancement Pty Ltd (ACN 610 159 209);

INTIGER GROUP LIMITED (formerly Star Striker Limited)

ANNUAL FINANCIAL REPORT 30 June 2016

ABN 71 098 238 585

DIRECTORS’ REPORT (continued)

  • (c) Intiger Asset Management Limited (a Hong Kong Company), HKCN 2254952;

  • (d) Tiger 1 Limited (a Hong Kong Company), HKCN: 2258742;

  • (e) Tiger 2 Limited (a Hong Kong Company), HKCN: 2258743; and

  • (f) Lion 2 Business Process, Inc. (a Philippines Company), PIN: CS201522320,

as well as indirectly, Integra Asset Management Australia Pty Ltd (ACN 162 734 376), a wholly owned subsidiary of Intiger (together, the Intiger Group ), (Acquisition) have been satisfied and the Company has completed the Acquisition.

Consideration

On 29 June 2016, the Company announced that the Public Offer pursuant to the replacement prospectus dated 16 June 2016 (Prospectus) for up to 174,030,549 Shares at an issue price of $0.02 per Share to raise up to $3,480,610.98 (before costs) had closed fully subscribed. The Prospectus was a recompliance prospectus for the purposes of satisfying Chapters 1 and 2 of the ASX Listing Rules and to satisfy ASX requirements for re-listing following a change to the nature and scale of the Company’s activities.

In addition to the Public Offer, the Company issued the following securities on 18 August 2016 as detailed below:

  • 500,000,000 Performance Shares (being 250,000,000 Class A Performance Shares and 250,000,000 Class B Performance Shares) to the vendors of the Intiger Group in consideration for the acquisition of all of the shares in each of the entities comprising the Intiger Group, pursuant to the Agreement;

  • 50,000,000 Options to Merchant Capital Markets Pty Ltd (or its nominees) in consideration for the introduction of the Intiger Group to the Company;

  • 50,000,000 Options to the Proposed Directors under the Incentive Option Plan; and

  • 37,500,000 Shares to Mark Fisher as consideration for the extinguishment of debt owed by Intiger Asset Management Pty Ltd to Mark Fisher.

The capital structure of the Company following completion of the Offers and the Acquisition is summarised below:

Shares Full Subscription ($3,480,611)
Current issued capital 875,587,815
Issue of Shares pursuant to the Public Offer 174,030,549
Issue of Shares pursuant to the Acquisition Nil
Issue of Debt Conversion Shares 37,500,000
TOTAL 1,087,118,364
Performance Shares Full Subscription ($3,480,611)
Current issued capital Nil
Issue of Performance Shares under the Acquisition 500,000,000
TOTAL 500,000,000
Options Full Subscription ($3,480,611)
Options currently on issue 302,682,093
Issue of Options pursuant to Options Offer 50,000,000
Issue of Options to key management personnel and employees of the Intiger
Group
50,000,000
Issue of Options pursuant to the Acquisition Nil
TOTAL 402,682,093

INTIGER GROUP LIMITED (formerly Star Striker Limited) ABN 71 098 238 585

ANNUAL FINANCIAL REPORT 30 June 2016

5

DIRECTORS’ REPORT (continued)

Change of Company Name

Following shareholder approvals received at the General Meeting held on 10 June 2016, the Company confirmed the change of company name to “Intiger Group Limited” as registered with ASIC. Upon being readmitted to quotation on the ASX the Company’s shares began trading under the new ASX ticker code “IAM”.

Board and Management Changes

Upon completion of the Acquisition, the Company appointed Mr Mark Rantall as Chairman, Mr Patrick Canion as a NonExecutive Director and Mr Mark Fisher as Executive Director. The Company confirmed the resignation of Mr Sonu Cheema and Miss Loren Jones as directors of the Company. Mr Cheema remains in the capacity as Company Secretary for the Company.

Environmental regulation and performance

The Company’s operations are subject to environmental regulations under Commonwealth and State legislation in Australia and Malawi. The Board believes that the Company has adequate systems in place for the management of its environmental requirements and is not aware of any breach of those environmental requirements as they apply to the Group.

Indemnification and insurance of officers and auditors

During the year, the Company paid a premium in respect of a contract insuring the directors of the Company (as named above), the company secretary and all executive officers of the Company and of any related body corporate against a liability incurred as a director, secretary or executive officer to the extent permitted by the Corporations Act 2001 . The contract of insurance prohibits disclosure of the nature of the liability and the amount of the premium.

The Company has not otherwise, during or since the period, except to the extent permitted by law, indemnified or agreed to indemnify an officer or auditor of the Company or of any related body corporate against a liability incurred as such an officer or auditor.

Proceedings on behalf of the Company

No person has applied for leave of Court to bring proceedings on behalf of the Company or intervene in any proceedings to which the Company is a party for the purpose of taking responsibility on behalf of the Company for all or any part of those proceedings.

The Company was not a party to any such proceedings during the year.

Remuneration report (audited)

This report outlines the remuneration arrangements in place for key management personnel of the Company.

The following persons acted as directors during or since the end of the financial year:

Mr M Rantall Chairman (non-executive) – appointed 17 August 2016
Mr M Fisher Director (non-executive) – appointed 17 August 2016
Mr P Canion Director (non-executive) – appointed 17 August 2016
Mr M Walker Director (non-executive) – appointed 1 August 2014
Mr S Cheema Director (non-executive) – resigned 17 August 2016
Miss L Jones Director (non-executive) – resigned 17 August 2016
Mr R Parker Director (non-executive) – appointed 2 July 2014, resigned 31 July 2015
Mr A Bell Director (non-executive) – appointed 6 August 2007, resigned 10 December 2015

The term ‘senior management’ is used in this remuneration report to refer to Mr M Walker, Miss L Jones and Mr S Cheema.

INTIGER GROUP LIMITED (formerly Star Striker Limited)

ANNUAL FINANCIAL REPORT 30 June 2016

6

ABN 71 098 238 585

DIRECTORS’ REPORT (continued)

Remuneration report (audited) (continued)

The Board believes that the remuneration policy is appropriate and effective in its ability to attract and retain the best senior management to run and manage the Group.

Remuneration philosophy

The performance of the Group depends upon the quality of the directors and senior management. The philosophy of the Group in determining remuneration levels is to:

  • set competitive remuneration packages to attract and retain high calibre employees;

  • ensure that there is transparency in setting of corporate arrangements;

  • link executive rewards to shareholders’ value creation; and

  • establish appropriate, demanding performance hurdles for variable executive remuneration. Incentives are only paid once pre-determined KPI’s have been met.

The Board of Directors of the Company is responsible for determining and reviewing compensation arrangements for the directors and senior management.

The Board of Directors assesses the appropriateness of the nature and amount of remuneration of directors and senior executives on a periodic basis by reference to relevant employment market conditions with an overall objective of ensuring maximum stakeholder benefit from the retention of a high quality Board and executive team.

Remuneration structure

In accordance with best practice Corporate Governance, the structure of non-executive director and executive remuneration is separate and distinct.

Non-executive director remuneration

The Board seeks to set aggregate remuneration at a level that provides the Company with the ability to attract and retain directors of the highest calibre, whilst incurring a cost that is acceptable to shareholders.

The ASX Listing Rules specify that the aggregate remuneration of non-executive directors shall be determined from time to time by a general meeting. The latest determination was at the Annual General Meeting held on 28 February 2007 when shareholders approved an aggregate remuneration of $210,000 per year.

The amount of aggregate remuneration sought to be approved by shareholders and the manner in which it is apportioned amongst directors is reviewed annually. The Board considers advice from external advisors as well as the fees paid to non-executive directors of comparable companies when undertaking the annual review process. No external advice was received during the year.

Each director receives a fee for being a director of the Company.

Senior Management and Executives

Remuneration consists of fixed remuneration and variable remuneration (comprising short-term and long-term incentive schemes).

Fixed remuneration

Fixed remuneration is reviewed annually by the Board. The process consists of a review of relevant comparative remuneration in the market and internally and, where appropriate, external advice on policies and practices. The Board has access to external independent advice, where necessary. No such advice was required during the year.

Variable remuneration

The objective of the short term incentive program is to link the achievement of the Group's operational targets with the remuneration received by the executives charged with meeting those targets. The total potential short term incentive available is set at a level so as to provide sufficient incentive to the senior manager to achieve the operational targets and such that the cost to the Group is reasonable in the circumstances.

INTIGER GROUP LIMITED (formerly Star Striker Limited) ABN 71 098 238 585

ANNUAL FINANCIAL REPORT 30 June 2016

DIRECTORS’ REPORT (continued)

Remuneration report (audited) (continued)

Employment contracts

Executives

In accordance with the re-compliance prospectus for the purposes of satisfying Chapters 1 and 2 of the ASX Listing Rules and to satisfy ASX requirements for re-listing following a change to the nature and scale of the Company’s activities, the Company entered into an executive services agreement with Mark Fisher, pursuant to which Mr Fisher is engaged as Executive Director of the Company from the date of settlement.

Performance of shareholders’ wealth

In considering the Group’s performance and benefits for shareholder wealth, the Board has regard to the following indices in respect of the current financial year and the previous four financial years:

As at 30 June 2016 2015 2014 2013 2012
Profit / (Loss) per share (cents) (0.223) (0.260) (0.260) (0.260) (0.260)
Share price 0.026 0.007 0.007 0.007 0.007

The following table provides details of the components of remuneration for each member of the key management personnel of the Group. All remuneration to Key Management Personnel is valued at the cost to the Group and expensed.

INTIGER GROUP LIMITED (formerly Star Striker Limited) ABN 71 098 238 585

ANNUAL FINANCIAL REPORT 30 June 2016

DIRECTORS’ REPORT (continued)

Remuneration report (audited) (continued)

Remuneration of directors and named executives

Table 1: Directors’ remuneration for the years ended 30 June:

Remuneration of directors and named executives
Table 1: Directors’ remuneration for the years ended 30 June:
Remuneration of directors and named executives
Table 1: Directors’ remuneration for the years ended 30 June:
Short Term
Post Employment
Salary &
Fees
Cash STI
LTI
Non
Monetary
Benefits
Super-
annuation
Retirement
Equity
Options
Other
Total
%
Performance
Related
M Walker1
Director
2015
2016
99,000
174,636
-
-
-
-
-
-
-
-
-
-
-
-
-
-
99,000
174,636
-
-
S Cheema6
Director
2015
2016
-
15,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
15,000
-
-
L Jones5
Director
2015
2016
-
15,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
15,000
-
-
R Parker2
Director
2015
2016
44,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
44,000
-
-
-
A Bell4
Director
2015
2016
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
G Karantzias3
Director
2015
2016
20,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
20,000
-
-
-
Total
2015
2016
163,000
204,636
-
-
-
-
-
-
-
-
-
-
--
-
-
163,000
204,636
-
-
(1)Appointed 1 August 2014(2)Resigned 31 July 2015(3)Resigned 6 November 2014(4)Resigned 2 December 2015(5)Appointed 2 December 2015(6)Appointed 31 July 2015

Table 2: Executive Directors’ and named executives remuneration for the period/year ended 30 June:

Table 2: Executive Directors’ and named executives remuneration for the period/year ended 30 June: Table 2: Executive Directors’ and named executives remuneration for the period/year ended 30 June:
Short Term
Post Employment
Salary &
Fees
Cash STI
LTI
Non
Monetary
Benefits
Super-
annuation
Retirement
Equity
Options
Other
Total
%
Performance
Related
Director
2015
2016
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Total
2015
2016
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Grand Total
2015
2016
163,000
204,636
-
-
-
-
-
-
-
-
-
-
-
-
-
-
163,000
204,636
-
-

INTIGER GROUP LIMITED (formerly Star Striker Limited)

ANNUAL FINANCIAL REPORT 30 June 2016

ABN 71 098 238 585

DIRECTORS’ REPORT (continued)

Remuneration report (audited) (continued)

Remuneration of directors and named executives

Shareholdings of KMP

Shares held in the Company (number)

2016 Balance at
beginning of
year
01 July2015
Exercise
options
Net Change /
Other
Balance at
date of
resignation
Balance at
30 June
2016
M Walker
S Cheema
L Jones
R Parker
A Bell
Total
2015
90,000,000
15,000,000
-
-
105,000,000
2,000,000
-
-
-
2,000,000
-
-
-
-
-
-
-
-
-
-
65,335,134
-
(32,300,000)
(33,035,134)
-
157,335,134
15,000,000
(32,300,000)
(33,035,134)
107,000,000
Balance at
beginning of
year
01 July2014
Exercise
options
Net Change
/ Other
Balance at
date of
resignation
Balance at
30 June
2015
A Bell
M Walker
R Parker
C Burrell
Total
Option holdings of KMP
65,335,134
-
-
-
65,335,134
50,000,000
-
40,000,000
-
90,000,000
-
-
-
-
-
-
-
-
-
-
115,335,134
-
40,000,000
-
155,335,134

Options held in the Company (number)

2016 Balance at
beginning of
year
01 July2015
Options
Issued
Options
Exercised
Balance of
date of
resignation
Balance
at
30 June
2016
M Walker
S Cheema
L Jones
R Parker
A Bell
Total
35,000,000
- (15,000,000)
-
20,000,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
5,213,290
-
-
(5,213,290)
-
40,123,290
-(15,000,000)
(5,213,290)
20,000,000
2015 Balance at
beginning of
year
01 July2014
Options
Issued
Options
Forfeited
Balance of
date of
resignation
Balance
at
30 June
2015
A Bell
M Walker
G Karantzias
C Guy
R Parker
C Burrell
Total
5,213,290
-
-
-
5,213,290
14,986,544
20,013,456
-
-
35,000,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
20,199,834
20,013,456
-
-
40,213,290

INTIGER GROUP LIMITED (formerly Star Striker Limited) ABN 71 098 238 585

ANNUAL FINANCIAL REPORT 30 June 2016

DIRECTORS’ REPORT (continued)

Remuneration report (audited) (continued)

Other transactions with directors

Other transactions with the Company or its controlled entities

The terms and conditions of transactions with Directors and Executives and their related entities were no more favourable than those available, or which might reasonably be expected to be available, on similar transactions to non-Director related entities on an arms length basis unless otherwise stated. The aggregate amount recognised during the year to Specified Directors and Specified Executives and their related entities were as follows:

Cicero Corporate Services Pty Ltd

The Company engages Cicero Corporate Services Pty Ltd for administrative and company secretarial services. Cicero Corporate Services Pty Ltd will be paid $11,000 per month for these services. Mr Mathew Walker is a Director of Cicero Corporate Services Pty Ltd.

Options granted as part of remuneration:

During the 2016 and 2015 year there were no options issued and there were no options granted as part of remuneration.

This concludes the remuneration report, which has been audited.

Directors’ meetings

The number of meetings of directors (including meetings of committees of directors) held during the year and the number of meetings attended by each director were as follows:

of meetings attended by each director were as follows:
Directors’
Meetings eligible
to attend
Directors’
Meetings
attended
Audit and Risk
Management
Committee
Meetings
eligible to
attend
Audit and Risk
Management
Committee
Meetings
attended
Mr M Walker
3
3
-
Mr S Cheema
3
3
-
Miss L Jones
2
1
-
Mr A Bell
2
-
-
Mr R Parker
-
-
-
-
-
-
-
-

In addition, there were 10 circular resolutions signed by the board.

INTIGER GROUP LIMITED (formerly Star Striker Limited) ABN 71 098 238 585

ANNUAL FINANCIAL REPORT 30 June 2016

DIRECTORS’ REPORT (continued)

Auditor’s Independence and non-audit services

Section 307C of the Corporations Act 2001 requires our auditors, HLB Mann Judd, to provide the directors of the Company with an Independence Declaration in relation to the audit of the annual report. This Independence Declaration is set out on page 13 and forms part of this directors’ report for the year ended 30 June 2016.

Signed in accordance with a resolution of the Board of Directors

==> picture [88 x 43] intentionally omitted <==

M Walker Director

29 September 2016

INTIGER GROUP LIMITED (formerly Star Striker Limited) ABN 71 098 238 585

ANNUAL FINANCIAL REPORT 30 June 2016

Auditors Independence Declaration

==> picture [490 x 399] intentionally omitted <==

==> picture [491 x 70] intentionally omitted <==

INTIGER GROUP LIMITED (formerly Star Striker Limited) ABN 71 098 238 585

ANNUAL FINANCIAL REPORT 30 June 2016

CORPORATE GOVERNANCE STATEMENT

Corporate Governance Statement

Intiger Group Limited (“the Company”) and the Board of Directors are committed to achieving the highest standards of corporate governance. The Board continues to review the framework and practices to ensure they meet the interests of shareholders. The Company and its controlled entities together are referred to as the Group in this statement.

A description of the Group’s main corporate governance practices is set out on the Company’s website www.intigergrouplimited.com.au All these practices, unless otherwise stated, were in place for the entire year and comply with the ASX Corporate Governance Principles and Recommendations and are contained in the accompanying Appendix 4G for the year ended 30 June 2016.

INTIGER GROUP LIMITED (formerly Star Striker Limited) ABN 71 098 238 585

ANNUAL FINANCIAL REPORT 30 June 2016

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 30 JUNE 2016

Notes
Other revenue
2(a)
Impairment write down
8
Depreciation
9
Other expenses
2(b)
Loss before income tax expense
Income tax expense
3
Loss after tax from continuing operations
Net loss for the year
14
Other comprehensive income / (loss)
Total comprehensive (loss) for the year
Net loss and comprehensive loss attributable to:
Owners of the parent entity
Non-controlling interest
Basic loss per share (cents per share)
4
Basic loss per share from continuing operations (cents per share)
4
Diluted loss per share (cents per share)
4
Diluted loss per share from continuing operations (cents per share)
4
CONSOLIDATED
2016
$
2015
$
13,749
4,849
-
(596,196)
-
-
(1,086,168)
(569,105)
(1,072,419)
(1,160,452)
-
-
(1,072,419)
(1,160,452)
(1,072,419)
(1,160,452)
-
-
(1,072,419)
(1,160,452)
(1,072,419)
(1,160,452)
-
-
(1,072,419)
(1,160,452)
(0.223)
(0.260)
(0.223)
(0.260)
(0.223)
(0.260)
(0.223)
(0.260)

The accompanying notes form part of these financial statements.

INTIGER GROUP LIMITED (formerly Star Striker Limited)

ANNUAL FINANCIAL REPORT 30 June 2016

ABN 71 098 238 585

CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2016

Notes
Current Assets
Cash and cash equivalents
5
Trade and other receivables
6
Other
7
Total Current Assets
Non-Current Assets
Deferred exploration and evaluation expenditure
8
Property, plant and equipment
9
Intiger loan facility
11
Available for Sale Assets
11
Total Non-Current Assets
Total Assets
Current Liabilities
Trade and other payables
10
Total Current Liabilities
Total Liabilities
Net Assets / (Net Liabilities)
Equity / (Net Deficiency of Assets over Liabilities)
Contributed equity
12
Reserves
13
Accumulated losses
14
Total Equity / (Net Liabilities)
CONSOLIDATED
2016
$
2015
$
4,485,911
322,138
41,140
20,071
5,758
4,539
4,532,809
346,748
-
-
-
-
500,000
-
4,491
120,164
504,491
120,164
5,037,300
466,912
274,242
124,228
274,242
124,228
274,242
124,228
4,763,058
342,684
39,803,481
34,654,754
1,011,671
667,604
(36,052,094)
(34,979,674)
4,763,058
342,684

The accompanying notes form part of these financial statements.

INTIGER GROUP LIMITED (formerly Star Striker Limited)

ANNUAL FINANCIAL REPORT 30 June 2016

16

ABN 71 098 238 585

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 JUNE 2016

Notes
Cash flows from operating activities
Interest income
Payment to suppliers and employees
Net cash flows provided by/(used in) operating activities
5(a)
Cash flows from investing activities
Payments for exploration and evaluation expenditure
Payments for investments
Loan facility
Net cash flows provided by/(used in) investing activities
Cash flows from financing activities
Proceeds from issue of shares and options
Proceeds from prospectus offer for shares to be issued
Share issue costs
Net cash flows provided by/(used in) financing activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at the end of the year
5
CONSOLIDATED
2016
$
2015
$
13,748
2,019
(842,768)
(971,191)
(829,020)
(969,172)
-
(10,860)
-
(705,500)
(500,000)
-
(500,000)
(716,360)
2,207,452
1,646,514
3,480,611
-
(195,269)
(99,329)
5,492,794
1,547,185
4,163,773
(138,347)
322,138
460,485
4,485,911
322,138

The accompanying notes form part of these financial statements.

INTIGER GROUP LIMITED (formerly Star Striker Limited)

ANNUAL FINANCIAL REPORT 30 June 2016

17

ABN 71 098 238 585

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2016

Notes
Balance at 1 July 2014
Total comprehensive loss for the year
14
Transactions with owners in their
capacity as owners:
Shares issued (net of costs)
12
Options issued
13
Options forfeited
13
Total transactions with owners
At 30 June 2015
Balance at 1 July 2015
Total comprehensive loss for the year
14
Transactions with owners in their
capacity as owners:
Shares issued (net of costs)
12
Shares to be issued under prospectus offer
12
Options issued
13
Options forfeited
13
Total transactions with owners
At 30 June 2016
Contributed
equity
$
Accumulated
losses
$
Reserves
$
Total
Equity/(Net
Liabilities)
$
33,569,173
(33,819,222)
156,000
(94,049)
-
(1,160,452)
-
(1,160,452)
1,085,581
-
511,604
1,597,185
-
-
-
-
-
-
-
-
1,085,581
-
511,604
1,597,185
34,654,754
(34,979,674)
667,604
342,684
34,654,754
(34,979,674)
667,604
342,684
-
(1,072,419)
-
(1,072,419)
2,012,183
-
-
2,012,183
3,480,611
-
-
3,480,611
(344,067)
-
344,067
-
-
-
-
-
5,148,727
-
344,067
5,492,794
39,803,481
(36,052,094)
1,011,671
4,763,058

The accompanying notes form part of these financial statements.

INTIGER GROUP LIMITED (formerly Star Striker Limited) ABN 71 098 238 585

ANNUAL FINANCIAL REPORT 30 June 2016

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 JUNE 2016

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(a) Basis of Preparation

The financial report is a general-purpose financial report, which has been prepared in accordance with the requirements of the Corporations Act 2001, Australian Accounting Standards and Interpretations issued by the Australian Accounting Standards Board (“AASB”) and other mandatory requirements.

The accounting policies detailed below have been consistently applied to all of the years presented unless otherwise stated. The financial statements are for the consolidated entity consisting of Intiger Group Limited (formerly Star Striker Limited) and its subsidiaries (collectively referred to as “the Group”).

Except for cash flow information, the financial report has also been prepared using the accrual basis and on a historical cost basis, except for certain financial assets and liabilities, which have been measured at fair value. Cost is based on the fair values of the consideration given in exchange for assets.

The Company is a for profit listed public company incorporated in Australia. The principal activity of the entities within the Group during the year was investigating investment opportunities across various sectors.

(b) Adoption of new and revised standards

Changes in accounting policies on initial application of Accounting Standards

In the year ended 30 June 2016, the Directors have reviewed all of the new and revised Standards and Interpretations issued by the AASB that are relevant to the Group’s operations and effective for the current annual reporting period.

It has been determined by the Directors that there is no impact, material or otherwise, of any other new and revised Standards and Interpretations on the Group’s business and, therefore, no change is necessary to Group accounting policies.

Standards and Interpretations in issue not yet adopted:

The Directors have also reviewed all new Standards and Interpretations that have been issued but are not yet effective for the year ended 30 June 2016. As a result of this review the Directors have determined that there is no impact, material or otherwise, of the new and revised Standards and Interpretations on the Group’s business and, therefore, no change necessary to Group accounting policies.

(c) Statement of Compliance

The financial report was authorised for issue on the day of the Directors’ Report.

The financial report complies with Australian Accounting Standards (“AASB”). Compliance with AASB ensures that the financial report, comprising the financial statements and notes thereto, complies with International Financial Reporting Standards (“IFRS”).

INTIGER GROUP LIMITED (formerly Star Striker Limited) ABN 71 098 238 585

ANNUAL FINANCIAL REPORT 30 June 2016

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 JUNE 2016

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

(d) Basis of consolidation

These general purpose consolidated financial statements incorporate the assets and liabilities of all subsidiaries of Intiger Group Limited (‘Company’ or ‘Parent Entity’) as at 30 June 2016 and the results of all subsidiaries for the year then ended. Intiger Group Limited and its subsidiaries are referred to in this financial report as the Group or the Consolidated Entity.

The financial statements of the subsidiaries are prepared for the same reporting period as the parent company, using consistent accounting policies.

In preparing the consolidated financial statements, all intercompany balances and transactions, income and expenses and profit and losses resulting from intra-group transactions have been eliminated in full.

Subsidiaries are fully consolidated from the date on which control is transferred to the Group and cease to be consolidated from the date on which control is transferred out of the Group. The parent controls an entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity.

Business combinations have been accounted for using the acquisition method of accounting.

(e) Critical Accounting Estimates and Judgements

The application of accounting policies requires the use of judgements, estimates and assumptions about carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions are recognised in the period in which the estimate is revised if it affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.

Recovery of deferred tax assets

Deferred tax assets are only recognised as deductible temporary differences when management considers that it is probable that sufficient future tax profits will be available to utilise those temporary differences. Significant management judgement is required to determine the amount of deferred tax assets that can be recognised, based upon the likely timing and the level of future taxable profits over the next two years together with future tax planning strategies. The Group has been incurring losses and presently, it is not known when the Group will earn taxable income. As such, deferred taxes have not been recognised.

Recovery of financial assets

The directors have reviewed the recoverability of the carrying amount of the Group’s financial assets, made up of equity, options and receivables in relation to Cloud Lands Digital Fortress Pty Ltd and Sugar Dragon Limited. Significant management judgement is required in considering whether these financial assets will recover their full value in time or whether they should be impaired. Refer to Note 1 (m) for further discussion around the Group’s impairment testing.

(f) Revenue Recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured. The following specific recognition criteria must also be met before revenue is recognised:

(i) Interest income

Interest revenue is recognised on a time proportionate basis that takes into account the effective yield on the financial asset, using the effective interest rate method.

INTIGER GROUP LIMITED (formerly Star Striker Limited)

ANNUAL FINANCIAL REPORT 30 June 2016

ABN 71 098 238 585

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 JUNE 2016

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

(g) Cash and Cash Equivalents

Cash comprises cash at bank and on hand. Cash equivalents are short term, highly liquid investments with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. Bank overdrafts are shown within borrowings in current liabilities in the consolidated statement of financial position.

For the purposes of the consolidated statement of cash flows, cash and cash equivalents consist of cash and cash equivalents as defined above, net of outstanding bank overdrafts.

(h) Trade and other receivables

Trade receivables are measured on initial recognition at fair value and are subsequently measured at amortised cost using the effective interest rate method, less provision for impairment. Trade receivables are generally due for settlement within periods ranging from 15 days to 30 days.

Impairment of trade receivables is continually reviewed and those that are considered to be uncollectible are written off by reducing the carrying amount directly. An allowance account is used when there is objective evidence that the Group will not be able to collect all amounts due according to the original contractual terms. Factors considered by the Group in making this determination include known significant financial difficulties of the debtor, review of financial information and significant delinquency in making contractual payments to the Group. The impairment allowance is set equal to the difference between the carrying amount of the receivable and the present value of estimated future cash flows, discounted at the original effective interest rate. Where receivables are short-term discounting is not applied in determining the allowance.

The amount of the impairment loss is recognised in profit or loss within other expenses. When a trade receivable for which an impairment allowance had been recognised becomes uncollectible in a subsequent period, it is written off against the allowance account. Subsequent recoveries of amounts previously written off are credited against other expenses in the consolidated statement of profit or loss and other comprehensive income.

(i) Foreign Currency Translation

Both the functional and presentation currency of the Company and its subsidiaries is Australian dollars. Each entity in the Group determines its own functional currency and items included in the financial statements of each entity are measured using that functional currency.

Transactions in foreign currencies are initially recorded in the functional currency by applying the exchange rates ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the rate of exchange ruling at the end of the reporting period.

All exchange differences in the consolidated financial report are taken to profit or loss.

Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rate as at the date of the initial transaction.

Non-monetary items measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined.

(j) Income tax

The income tax expense or benefit for the period is the tax payable on the current year’s taxable income (loss) based on the applicable income tax rate for each jurisdiction adjusted by changes in deferred tax assets and liabilities attributable to temporary difference and to unused tax losses.

The current income tax charge (benefit) is calculated on the basis of the tax laws enacted or substantively enacted at the end of the reporting period in the countries where the Company’s subsidiaries operate and generate taxable income. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.

Current tax assets and liabilities for the current and prior periods are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted by the end of the reporting period.

Deferred income tax is provided on all temporary differences at the end of the reporting period between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes.

INTIGER GROUP LIMITED (formerly Star Striker Limited)

ANNUAL FINANCIAL REPORT 30 June 2016

ABN 71 098 238 585

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 JUNE 2016

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

(j)

Income tax (continued)

The carrying amount of deferred income tax assets is reviewed at the end of the reporting period and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be utilised.

Unrecognised deferred income tax assets are reassessed at the end of the reporting period and are recognised to the extent that it has become probable that future taxable profit will allow the deferred tax asset to be recovered.

Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realised or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the end of the reporting period.

Income taxes relating to items recognised directly in equity are recognised in equity and not in profit or loss.

Deferred tax assets and deferred tax liabilities are offset only if a legally enforceable right exists to set off current tax assets against current tax liabilities and the deferred tax assets and liabilities relate to the same taxable entity and the same taxation authority.

(k) Other taxes

Revenues, expenses and assets are recognised net of the amount of GST except:

 when the GST incurred on a purchase of goods and services is not recoverable from the taxation authority, in which case the GST is recognised as part of the cost of acquisition of the asset or as part of the expense item as applicable; and

 receivables and payables, which are stated with the amount of GST included.

The net amount of GST recoverable from, or payable to, the taxation authority is included as part of receivables or payables in the consolidated statement of financial position.

Cash flows are included in the consolidated statement of cash flows on a gross basis and the GST component of cash flows arising from investing and financing activities, which is recoverable from, or payable to, the taxation authority are classified as operating cash flows.

Commitments and contingencies are disclosed net of the amount of GST recoverable from, or payable to, the taxation authority.

(l) Property, Plant and Equipment

Plant and equipment are stated at cost less accumulated depreciation and any accumulated impairment losses. Such cost includes the cost of replacing parts that are eligible for capitalisation when the cost of replacing the parts is incurred.

Depreciation is calculated on a straight-line basis over the estimated useful life of the assets as follows:

Plant and equipment – over 1 to 7.5 years

The assets' residual values, useful lives and amortisation methods are reviewed, and adjusted if appropriate, at each financial year end.

(i) Impairment

The carrying values of plant and equipment are reviewed for impairment at each reporting date, with recoverable amount being estimated when events or changes in circumstances indicate that the carrying value may be impaired.

For plant and equipment, impairment losses are recognised in profit or loss.

(ii) Derecognition and disposal

An item of property, plant and equipment is derecognised upon disposal or when no further future economic benefits are expected from its use or disposal.

INTIGER GROUP LIMITED (formerly Star Striker Limited)

ANNUAL FINANCIAL REPORT 30 June 2016

ABN 71 098 238 585

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 JUNE 2016

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

(l) Property, Plant and Equipment (continued)

Any gain or loss arising on derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in profit or loss in the year the asset is derecognised.

(m) Impairment of assets

The Group assesses at each reporting date whether there is an indication that an asset may be impaired. If any such indication exists, or when annual impairment testing for an asset is required, the Group makes an estimate of the asset’s recoverable amount. An asset’s recoverable amount is the higher of its fair value less costs to sell and its value in use and is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or groups of assets and the asset's value in use cannot be estimated to be close to its fair value. In such cases the asset is tested for impairment as part of the cashgenerating unit to which it belongs. When the carrying amount of an asset or cash-generating unit exceeds its recoverable amount, the asset or cash-generating unit is considered impaired and is written down to its recoverable amount.

In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. Impairment losses relating to continuing operations are recognised in those expense categories consistent with the nature of the impaired asset.

An assessment is also made at each reporting date as to whether there is any indication that previously recognised impairment losses may no longer exist or may have decreased. If such indication exists, the recoverable amount is estimated. A previously recognised impairment loss is reversed only if there has been a change in the estimates used to determine the asset’s recoverable amount since the last impairment loss was recognised. If that is the case the carrying amount of the asset is increased to its recoverable amount. That increased amount cannot exceed the carrying amount that would have been determined, net of depreciation, had no impairment loss been recognised for the asset in prior years.

(n) Trade and other payables

Trade payables and other payables are carried at amortised costs and represent liabilities for goods and services provided to the Group prior to the end of the financial year/period that are unpaid and arise when the Group becomes obliged to make future payments in respect of the purchase of these goods and services.

(o) Borrowing Costs

Non-derivative financial liabilities are initially recognized at fair value net of directly attributable transaction costs. On subsequent measurement, non-derivative financial liabilities are measured at amortised cost using the effective interest method.

The best evidence of fair value of a financial instrument, at initial recognition, is the transaction price, unless the fair value of the instrument is evidenced by comparison with other observable current market transactions in the same instrument or based on valuation technique using variable only obtained from observable markets.

(p) Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. All other leases are classified as operating leases.

Operating lease payments are recognised as an expense on a straight line basis over the lease term, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

(q) Issued capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares or options are shown in equity as a deduction, net of tax, from the proceeds.

INTIGER GROUP LIMITED (formerly Star Striker Limited)

ANNUAL FINANCIAL REPORT 30 June 2016

ABN 71 098 238 585

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 JUNE 2016

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

(r) Earnings per share

Basic earnings per share is calculated as net profit/(loss) attributable to members of the parent entity, adjusted to exclude any costs of servicing equity (other than dividends) divided by the weighted average number of ordinary shares, adjusted for any bonus element.

Diluted earnings per share are calculated as net profit/(loss) attributable to members of the parent, adjusted for:

 costs of servicing equity (other than dividends) and preference share dividends;

 the after tax effect of dividends and interest associated with dilutive potential ordinary shares that have been recognised as expenses; and

 other non-discretionary changes in revenues or expenses during the period that would result from the dilution of potential ordinary shares; divided by the weighted average number of ordinary shares and dilutive potential ordinary shares, adjusted for any bonus element.

(s) Share based payment transactions

Equity settled transactions

The Group provides benefits to employees (including key management personnel) of the Group in the form of sharebased payments, whereby employees render services in exchange for shares or rights over shares (“equity settled transactions”).

The cost of these equity-settled transactions with employees is measured by reference to the fair value of the equity instruments at the date at which they are granted. The fair value is determined using a binomial model, further details of which are given in Note 15 and the Remuneration Report. The fair value of options issued as approved by the Directors and shareholders are recognised as an employee benefit expense with a corresponding increase in equity. The fair value is measured at grant date and recognised over the period during which the employees become unconditionally entitled to the options.

The fair value at grant date is independently determined using the binomial option pricing model that takes into account the exercise price, the term of the option, the vesting and performance criteria, the impact of dilution, the non tradeable nature of the option, the share price at grant date and expected price volatility of the underlying share, the expected dividend yield and the risk free interest rate for the term of the option. The fair value of the options granted excludes the impact of any non-market vesting conditions (for example profitability and sales growth targets). Non-market vesting conditions are included in assumptions about the number of options that are expected to become exercisable. At the end of each reporting period, the Group revises its estimate of the number of options that are expected to become exercisable. The employee benefit expense recognised each period takes into account the most recent estimate.

INTIGER GROUP LIMITED (formerly Star Striker Limited)

ANNUAL FINANCIAL REPORT 30 June 2016

ABN 71 098 238 585

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 JUNE 2016

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

(t) Exploration and evaluation expenditure

Exploration and evaluation expenditures in relation to each separate area of interest are recognised as an exploration and evaluation asset in the year in which they are incurred where the following conditions are satisfied:

  • (i) the rights to tenure of the area of interest are current;

  • (ii) at least one of the following conditions is also met:

  • (a) the exploration and evaluation expenditures are expected to be recouped through successful development and exploration of the area of interest, or alternatively, by its sale; or

  • (b) exploration and evaluation activities in the area of interest have not at the reporting date reached a stage which permits a reasonable assessment of the existence or otherwise of economically recoverable reserves, and active and significant operations in, or in relation to, the area of interest is continuing.

Exploration and evaluation assets are initially measured at cost and include acquisition of rights to explore, studies, exploratory drilling, trenching and sampling and associated activities and an allocation of depreciation and amortised of assets used in exploration and evaluation activities. General and administrative costs are only included in the measurement of exploration and evaluation costs where they are related directly to operational activities in a particular area of interest.

Exchange (swaps) of exploration and evaluation assets are accounted for at the carrying amounts of the assets given up with no gain or loss recognised.

Exploration and evaluation assets are assessed for impairment when facts and circumstances suggest that the carrying amount of an exploration and evaluation asset may exceed its recoverable amount. The recoverable amount of the exploration and evaluation asset (for the cash generating unit(s) to which it has been allocated being no larger than the relevant area of interest) is estimated to determine the extent of the impairment loss (if any). Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but only to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in previous years.

Where a decision has been made to proceed with development in respect of a particular area of interest, the relevant exploration and evaluation asset is tested for impairment and the balance is then reclassified to development.

An ‘area of interest’ is an individual geological area which is considered to constitute a favourable environment for the presence of a mineral deposit or an oil or natural gas field, or has been proved to contain such a deposit or field.

(u) Going concern

In the year ended 30 June 2016 the Group recorded a net loss of $1,072,419(2015: $1,160,452) and a net operating cash outflow of $829,020 (2015: $969,172), resulting in the Group having a net asset position of $4,763,058 (2015: net assets of $342,684), the Group had a market capitalisation of approximately $22.76 million as at 30 June 2016.

During the year ended 30 June 2016, the Company successfully completed capital raising activities through its share and option placements along with exercise of options. A total of 205,161,584 fully paid ordinary shares were issued during the period through placements raising $1,891,100 before costs. A total of 78,092,898 options were exercised during the period and converted to fully paid ordinary shares raising $314,371.

During the year ended 30 June 2016 the Company lodged Prospectus offer document with the ASX on 2 June 2016. This was a re-compliance prospectus for the purposes of satisfying Chapters 1 and 2 of the ASX Listing Rules and to satisfy ASX requirements for re-listing following a change to the nature and scale of the Company’s activities. On 16 June 2016, a replacement prospectus was lodged with the ASX. This replacement prospectus replaces the original prospectus dated 2 June 2016 relating to the Company shares of Star Striker Limited.

On 29 June 2016 the Company advised that its offer of up to 174,030,549 fully paid ordinary shares at an issue price of $0.02 per Share to raise up to $3,480,610.98 pursuant to the replacement prospectus dated 16 June 2016, had closed fully subscribed. Any additional applicants under the offer over and above the prescribed offer had been refunded application monies post year end.

INTIGER GROUP LIMITED (formerly Star Striker Limited) 25

ANNUAL FINANCIAL REPORT 30 June 2016

ABN 71 098 238 585

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 JUNE 2016

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

The Directors are of the opinion that current funding levels are sufficient to address all working capital requirements required for the next twelve (12) months. The Directors have prepared a cash flow budget of the Group’s working capital requirements for the next 12 months to September 2017.

Based on the above factors, the Board has a reasonable degree of confidence in the current funding levels are sufficient to meet the Group’s cash flow requirements for at least the next 12 months to September 2017. Should the Group require any additional funding, the Group would be able to negotiate with interested parties, regarding a number of funding options.

The financial statements have been prepared on a going concern basis. Accordingly the financial statements do not include adjustments relating to the recoverability and classification of recorded asset amounts, or the amounts and classification of liabilities that might be necessary should the Group not continue as a going concern.

(v) Parent entity information

In accordance with the Corporations Act 2001 , these financial statements present the results of the consolidated entity only. The financial information for the Parent Entity is disclosed in note 23 and has been prepared on the same basis as the consolidated financial statements.

(w) Operating segments

Operating segments are presented in a manner consistent with the internal reporting provided to the chief operating decision makers (“CODM”). The CODM is responsible for the allocation of resources to operating segments and assessing their performance, and has been identified as the Board Directors of the Company.

2.
REVENUES AND EXPENSES
(a)
Other revenue
Finance revenue – bank interest
Foreign exchange gain
(b) Other expenses
Administration expenses
Auditor’s remuneration
ASX fees
Directors’ fees and salaries
Secretarial fees
Professional accounting fees
Foreign exchange loss
Interest paid
CONSOLIDATED
2016
$ 2015
$ 13,749
2,019
-
2,830
13,749
4,849
626,543
231,308
65,245
45,141
57,984
39,950
204,636
163,068
119,500
72,571
12,260
12,550
-
7,603
-
(3,086)
1,086,168
569,105

INTIGER GROUP LIMITED (formerly Star Striker Limited) ABN 71 098 238 585

ANNUAL FINANCIAL REPORT 30 June 2016

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 JUNE 2016

NCOME TAX EXPENSE
The prima facie tax on profit/(loss) from continuing
Operations before income tax is reconciled to the income
tax expense/(benefit) as follows:
Prima facie (benefit)/expense on profit/(loss) from continuing
operations, tax rate of 30% (2015: 30%)
Tax effect of capitalised exploration costs
Tax effect of permanent differences
Deferred tax asset not brought to account
Income tax expense for the year
CONSOLIDATED
2016
$ 2015
$ (321,722)
(348,136)
-
-
-
-
(321,722)
(348,136)
321,722
348,136
-
-

3. INCOME TAX EXPENSE

The amounts of tax losses available have not been recognised at the date of the report. It is expected that a certain amount of tax losses would be deductible against future taxable income on the condition that certain criteria imposed by the tax legislation have been met.

The DTA not brought to account will only be realised if:

  • (a) future assessable income is derived of a nature and of an amount sufficient to enable the benefit to be realised;

  • (b) the conditions for deductibility imposed by tax legislation continue to be complied with; and

  • (c) the Company and Group are able to meet the continuity of business and/or continuity of ownership tests.

ARNINGS/(LOSS) PER SHARE
Basic loss per share:
Total basic loss per share
Diluted loss per share
Total diluted loss per share
The earnings and weighted average number of ordinary shares used in
the calculation of basic per share is as follows:
Loss
Weighted average number of ordinary shares for the purposes of basic
loss per share
Effect of dilution:
Share options (a)
Shares to be issued under prospectus offer (a)
Weighted average number of ordinary shares for the purposes of basic
and diluted loss per share
CONSOLIDATED
2016
2015
Cents pershare
Cents pershare
(0.223)
(0.260)
(0.223)
(0.260)
$ $ (1,072,419)
(1,160,452)
Number
Number
480,413,597
446,720,124
-
-
-
-
480,413,597
446,720,124

4. EARNINGS/(LOSS) PER SHARE

(a) Diluted loss per share arising from the options and unissued shares is not reflected as the result is anti-dilutive in nature.

INTIGER GROUP LIMITED (formerly Star Striker Limited)

ANNUAL FINANCIAL REPORT 30 June 2016

ABN 71 098 238 585

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 JUNE 2016

5.
CASH AND CASH EQUIVALENTS
Reconciliation of cash
Cash at the end of the financial year as shown in the consolidated
statement of cash flows is reconciled to items in the consolidated
statement of financial position as follows:
Cash at bank and cash in hand
Cash held in trust account under prospectus offer
Cash at bank earns interest at floating rates based on daily bank deposit rates.
There were no Deposits at call at the end of the 2015 or 2016 financial years.
The Group has no credit standby arrangements, loan or overdraft facilities.
(a)
Reconciliation of net loss after tax to net cash flows from
operations
Net loss
Adjustments for:
Depreciation on property, plant and equipment
Impairment write down
Foreign exchange gain/(loss)
Equity settled fees
Changes in assets and liabilities:
(Increase)/decrease in trade and other receivables
(Increase)/decrease in prepayments
Increase/(decrease) in trade payables and accruals
Net cash provided by/(used in) operating activities
CONSOLIDATED
2016
$ 2015
$ 868,974
322,138
3,616,937
-
4,485,911
322,138
(1,072,419)
(1,160,452)
-
-
115,673
596,196
-
4,773
-
-
(21,070)
(6,831)
(1,219)
2,915
150,015
(405,773)
(829,020)
(969,172)

INTIGER GROUP LIMITED (formerly Star Striker Limited) ABN 71 098 238 585

ANNUAL FINANCIAL REPORT 30 June 2016

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 JUNE 2016

6. TRADE AND OTHER RECEIVABLES

RADE AND OTHER RECEIVABLES
Current
Other receivables (i)
CONSOLIDATED
2016
$ 2015
$ 41,140
20,071
41,140
20,071

(i) Other receivables are non-interest bearing and expected to be received in 30 days.

The Group has no concentration of credit risk with respect to any single counter party or group of counter parties. All of the other receivables are based in Australia. No amounts of other receivables are past due nor impaired.

7. OTHER CURRENT ASSETS

Current
Prepayments
8.
IMPAIRMENT WRITE DOWNS
Exploration and evaluation expenditure (i)
Impairment write down – Cloud Lands (ii)
Impairment write down – Sugar Dragon (iii)
(i) Exploration and evaluation expenditure
Cost carried forward in respect of:
Exploration and evaluation phase – at cost
Balance at the beginning of the year
Expenditure incurred
Expenditure written off
Total deferred exploration and evaluation expenditure
5,758
4,539
5,758
4,539
-
(10,860)
-
(205,500)
(115,673)
(379,836)
(115,673)
(596,196)
-
-
-
10,860
-
(10,860)
-
-

An assessment of the recoverable amount was completed on all tenements and capitalised expenditure totalling $Nil. Write-downs occurred where capitalised expenditure was considered to be unreasonably high, not in the Group’s mandated area of “uranium and associated elements” or the licenses have expired.

(ii) Investment in Cloud Lands
Balance at the beginning of the year
Expenditure incurred
Impairment write down
Carrying value of investment
-
-
-
205,500
-
(205,500)
-
-

INTIGER GROUP LIMITED (formerly Star Striker Limited) ABN 71 098 238 585

ANNUAL FINANCIAL REPORT 30 June 2016

29

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 JUNE 2016

8. IMPAIRMENT WRITE DOWNS (continued)

During the prior year, the Company announced that it had executed a binding terms sheet pursuant to which it had been granted an exclusive option to conduct due diligence on Western Australian based cloud services provider Cloud Lands Digital Fortress Pty Ltd (“Cloud Lands”). On 9 February 2015, it was announced that it had terminated its agreement to acquire Cloud Lands. This decision was made pursuant to the conditions precedent in the executed binding terms sheet as set out in the Company’s ASX announcement of 1 August 2014. The agreement to acquire Cloud Lands required the satisfaction of a number of conditions, and the management of the Company and Cloud Lands mutually agreed that as all conditions precedent had not been satisfied as at 6 February 2015, it was best to terminate the original agreement. This decision was made in mutual agreement by both parties as it was considered in the best interests for each company and its shareholders.

(iii) Investment in Sugar Dragon
Balance at the beginning of the year
Expenditure incurred
Impairment write down*
Carrying value of investment
CONSOLIDATED
2016
2015
$ $ 120,164
-
-
500,000
(115,673)
(379,836)
4,491
120,164

Refer to Note 11 for further details around the carrying value and impairment recognised on the investment in Sugar Dragon.

PROPERTY, PLANT AND EQUIPMENT
At 1 July, net of accumulated depreciation and impairment
Additions
Disposals
Depreciation charge for the year
At 30 June, net of accumulated depreciation and impairment
Cost
Accumulated depreciation and impairment
Net carrying amount
TRADE AND OTHER PAYABLES
Current
Trade payables
Accrued expenses
Amounts refundable on over subscription of prospectus offer
Included in the above balance are the following amounts payable to
current and former Directors and their related entities:
Current and former Directors and their related entities
CONSOLIDATED
2016
$ 2015
$ -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
CONSOLIDATED
2016
$ 2015
$ 73,250
101,628
66,292
22,600
134,700
-
274,242
124,228
9,000
-
9,000
-

PROPERTY, PLANT AND EQUIPMENT

9.

10. TRADE AND OTHER PAYABLES

Refer to remuneration report for further details.

INTIGER GROUP LIMITED (formerly Star Striker Limited) ABN 71 098 238 585

ANNUAL FINANCIAL REPORT 30 June 2016

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 JUNE 2016

11. OTHER FINANCIAL ASSETS
Unlisted Shares:
Cost (i)
Accumulated impairment losses
Net carrying amount
Loan Receivable:
Cost (ii)
Net carrying amount
CONSOLIDATED
2016
$ 2015
$ 500,000
500,000
(495,509)
(379,836)
4,491
120,164
500,000
-
500,000
-
  • (i) During the year ended 30 June 2015, a total of 7,692,308 fully paid ordinary shares were acquired at a conversion price of $0.065 per share, providing IAM with a 15% equity position in Sugar Dragon Limited. Following the ASX decision to not admit Sugar Dragon Limited to official list pursuant to lodgement of a Prospectus with ASIC on 27 January 2016 and ASX listing application submitted on 2 February 2016, the management of Intiger Group recognised an impairment expense of $115,673 for the year ended 30 June 2016 (2015: $379,836).

  • (ii) Pursuant to the binding term sheet, IAM provided Intiger Asset Management Pty Ltd a loan facility of up to $500,000 in order to meet expenditure commitments and settle existing liabilities.

12. CONTRIBUTED EQUITY
Ordinary shares issued and fully paid
Ordinary shares to be issued pursuant to prospectus offer
CONSOLIDATED
2016
$ 2015
$ 36,322,870
34,654,754
3,480,611
-
39,803,481
34,654,754

Fully paid ordinary shares carry one vote per share and carry the right to dividends. Changes to the then Corporations Law abolished the authorised capital and par value concept in relation to share capital from 1 July 1998. Therefore, the company does not have a limited amount of share capital and issued shares do not have a par value.

(i) Movement in ordinary shares on issue
At 1 July 2014
Fully paid shares issued for cash

Option Conversion

Conversion of 4,000,000 Convertible Notes

Share Placement
Share issue costs
Option reserve
At 30 June 2015
Number
$ 312,000,000
33,569,173
7,358,799
58,768
4,000,000
50,000
268,974,534
1,387,847
-
(99,430)
-
(311,604)
592,333,333
34,654,754

INTIGER GROUP LIMITED (formerly Star Striker Limited) ABN 71 098 238 585

ANNUAL FINANCIAL REPORT 30 June 2016

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 JUNE 2016

CONTRIBUTED EQUITY (continued)
At 1 July 2015
Fully paid shares issued for cash

Option Conversion

Share Placement
Share issue costs
Shares to be issued – Prospectus offer (b)
Option reserve
At 30 June 2016
Number
$ 592,333,333
34,654,754
78,092,898
314,372
205,161,584
1,891,100
-
(192,752)
-
3,480,611
-
(344,604)
875,587,815
39,803,481

12. CONTRIBUTED EQUITY (continued)

(a) Capital management

Management controls the capital of the Group in order to provide the shareholders with adequate returns and ensure that the Group can fund its operations and continue as a going concern. The Group’s debt and capital includes ordinary share capital and financial liabilities, supported by financial assets. There are no externally imposed capital requirements. Management effectively manages the Group’s capital by assessing the Group’s financial risks and adjusting its capital structure in response to changes in these risks and in the market. These responses include the management of debt levels, distributions to shareholders and share issues. There have been no changes in the strategy adopted by management to control the capital of the Group since the prior year. Refer to note 17 for how the Group manages its liquidity risk.

(b) Prospectus offer

On 29 June 2016 the Company advised that its offer of up to 174,030,549 fully paid ordinary shares at an issue price of $0.02 per Share to raise up to $3,480,610.98 pursuant to the replacement prospectus dated 16 June 2016, had closed fully subscribed. Any additional applicants under the offer over and above the prescribed offer had been refunded application monies post year end. The shares were subsequently issued on 18 August 2016.

13. RESERVES
Options Reserve
At 1 July 2014
Options issued as per the non-renounceable entitlement issue
Options exercised
Options expired/forfeited
At 1 July 2015
Options issued as per share placements
Options exercised
Options expired/forfeited
At 30 June 2016
CONSOLIDATED
Number
$ 78,000,000
156,000
233,320,600
511,604
(7,358,799)
-
-
-
303,961,801
667,604
77,194,826
344,067
(78,092,898)
-
(381,636)
-
302,682,093
1,011,671

The reserve is used to record the value of equity benefits provided to employees and directors as part of their remuneration.

INTIGER GROUP LIMITED (formerly Star Striker Limited) ABN 71 098 238 585

ANNUAL FINANCIAL REPORT 30 June 2016

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 JUNE 2016

14. ACCUMULATED LOSSES
Movements in accumulated losses
At 1 July
Loss attributable to the members of the parent entity
At 30 June
CONSOLIDATED
2016
$ 2015
$ (34,979,674)
(33,819,222)
(1,072,419)
(1,160,452)
(36,052,094)
(34,979,674)

15. SHARE BASED PAYMENTS

Recognised share-based payment expenses

The expense recognised for share-based payment expenses during the year is shown in the table below:

The expense recognised for share-based payment expenses during the
year is shown in the table below:
Expense arising from equity-settled share-based payment transactions
- Directors
Total expense arising from share-based payment transactions
-
-
-
-

The table below illustrates the number of options, the weighted average exercise price (“WAEP”) of and movements in share options issued by the Company during the year to key management personnel current and prior:

The weighted average remaining contractual life for the share options as at 30 June 2016 was Nil (2015: Nil).

The weighted average exercise price for options outstanding at year end was $Nil (2015: $Nil).

The fair value of options granted during the year was $Nil (2015: $Nil).

The fair value of options expired during the year was $Nil (2015: $Nil).

INTIGER GROUP LIMITED (formerly Star Striker Limited) ABN 71 098 238 585

ANNUAL FINANCIAL REPORT 30 June 2016

33

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 JUNE 2016

16. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

The Board is responsible for monitoring and managing the Group’s financial risk exposures by monitoring the Group’s financial risk management policies and exposures and approves financial transactions within the scope of its authority. It also reviews the internal controls relating to currency risk, financing risk and interest rate risk. The overall risk management strategy seeks to assist the Group to meet its targets, while minimising potential adverse effects on financial performance.

The Group’s principal financial instruments comprise receivables, payables, cash, available for sale investments and financial liabilities from related parties.

The main purpose of these financial instruments is to finance the Group’s operations. The Group has other financial assets and liabilities such as trade receivables and trade payables, which arise directly from its operations. The main risks arising from the Group’s financial instruments are cash flow interest rate risk, liquidity risk, foreign exchange risk and credit risk. The Board reviews and agrees policies for managing each of these risks and they are summarised below.

Details of the significant accounting policies and methods adopted, including the criteria for recognition, the basis of measurement and the basis on which income and expenses are recognised, in respect of each class of financial asset, financial liability and equity instrument are disclosed in note 1 to the financial statements.

Interest rate risk

The Group’s exposure to the risk of changes in market interest rates relates primarily to the Group’s cash, short-term deposits and short-term borrowings. The short-term debt is a fixed rate debt. Since the Group does not have any long-term debt obligations, the Group’s exposure to this risk is minimal.

Market risk

The Group’s exposure to the financial risks of changes in foreign currency exchange rates, interest rates and equity prices relates primarily to accounts payables. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimising return.

Financial Assets
Cash and cash equivalents
Cash held in trust account from prospectus offer
Available for sale financial instruments
Loan receivable
Financial Liabilities
Net exposure
CONSOLIDATED
2016
$ 2015
$ 868,974
322,138
3,616,937
-
4,491
120,164
500,000
-
-
-
4,990,402
442,302

Credit risk

Exposure to credit risk relating to financial assets arises from the potential non-performance by counter parties that could lead to financial loss to the Group. The Group’s policy is to trade only with recognised, creditworthy third parties.

It is the Group’s policy that all customers who wish to trade on credit terms will be subject to credit verification procedures. Cash and cash equivalents are held with Authorised Deposit Institutions (ADI) or an institution which has a Standard and Poor's (Australia) Pty Ltd rating of ‘A-1+’ for terms of a year or less.

In addition, receivable balances are monitored on an ongoing basis with the result that the Group’s exposure to bad debts is not significant. There are no significant concentrations of credit risk within the Group. Details with respect to credit risk of trade and other receivables are disclosed in note 6.

Liquidity risk

Liquidity risk arises from the possibility that the Group might encounter difficulty in settling its debts or otherwise meeting its obligations related to financial liabilities. The Group’s objective is to maintain a balance between continuity of funding and flexibility through the use of available funding facilities and capital raising. The liquidity risk is currently managed by the Board by monitoring the Group’s cash flow and commitments on a monthly basis.

Refer to Note 1(u) for additional details.

The tables on page 38 reflects all contractually fixed pay-offs and receivables for settlement, repayments and interest resulting from recognised financial assets and liabilities. Cash flows for financial assets and liabilities without fixed amount or timing are based on the conditions existing at 30 June 2016 and 2015.

INTIGER GROUP LIMITED (formerly Star Striker Limited)

ANNUAL FINANCIAL REPORT 30 June 2016

34

ABN 71 098 238 585

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 JUNE 2016

16. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (continued)

Foreign currency risk management

Exposure to foreign exchange risk may result in the fair value of cash flows of a financial instrument fluctuating due to movement in foreign exchange rates of currencies in which the Group holds financial investments and/or financial liabilities which are other than the AUD currency of the Group.

The Group undertakes certain transactions denominated in foreign currencies, hence exposures to exchange rate fluctuations arise.

The carrying amount of the Group’s foreign currency denominated monetary assets and monetary liabilities at the reporting date is as follows:

date is as follows:
Liabilities Assets
2016 2015 2016 2015
$ $ $ $
MWK - 7,104 - -

Foreign currency sensitivity analysis

The Group was exposed to Malawian (MWK) currency fluctuations in the prior year.

The following table details the Group’s sensitivity to a 10% increase and decrease in the Australian dollar against the relevant foreign currencies. 10% is the sensitivity rate used when reporting foreign currency risk internally to key management personnel and represents management’s assessment of the possible change in foreign exchange rates. The sensitivity analysis includes only outstanding foreign currency denominated monetary items and adjusts their translation at the period end for a 10% change in foreign currency rates. The sensitivity analysis includes external loans where the denomination of the loan is in a currency other than the currency of the lender or the borrower. A positive number indicates an increase in profit or loss and other equity where the Australian Dollar (AUD) strengthens against the respective currency. For a weakening of the Australian Dollar against the respective currency there would be an equal and opposite impact on the profit and other equity and the balances below would be negative.

AUD impact
Consolidated
2016 2015
$ $
Profit or loss - 1,160

Fair values

Set out below is a comparison by category of carrying amounts and fair values of all of the Group’s financial instruments recognised in the financial statements. The fair values of financial assets have been calculated using market interest rates.

30 June 2015
Assets
Available-for-sale financial assets
Consolidated
Level 1
Level 2
Level 3
Total
$’000
$’000
$’000
$’000
-
-
4,491
4,491
-
-
4,491
4,491

INTIGER GROUP LIMITED (formerly Star Striker Limited)

ANNUAL FINANCIAL REPORT 30 June 2016

ABN 71 098 238 585

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 JUNE 2016

16. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (continued)

Consolidated
Level 1 Level 2 Level 3 Total
30 June 2016
Assets
Available-for-sale financial assets - - 4,491 4,491
- - 4,491 4,491

The fair value of financial instruments traded in active markets (such as publicly traded derivatives, and trading and available-for-sale securities) is based on quoted market prices at the end of the reporting period. The quoted market price used for financial assets held by the Group is the current bid price. These instruments are included in level 1.

The fair value of financial instruments that are not traded in an active market (for example, over-the-counter derivatives) is determined using valuation techniques. The Group uses a variety of methods and makes assumptions that are based on market conditions existing at the end of each reporting period. Quoted market prices or dealer quotes for similar instruments are used to estimate fair value for long-term debt for disclosure purposes. Other techniques, such as estimated discounted cash flows, are used to determine fair value for the remaining financial instruments. In the circumstances where a valuation technique for these instruments is based on significant unobservable inputs, such instruments are included in level 3. There were no significant transfers between levels 1 and 2 during the year. The following table presents the changes in level 3 instruments for the years ended 30 June 2016 and 30 June 2015.

30 June 2015
Balance at beginning of year
Initial recognition
Disposals
Accumulated impairment losses
Balance at end of year
Total gains or losses for the period included in
other income (other expenses) that relate to
assets held at end of reporting period
30 June 2016
Balance at beginning of year
Initial recognition
Disposals
Accumulated impairment losses
Balance at end of year
Total gains or losses for the period included in
other income (other expenses) that relate to
assets held at end of reporting period
Consolidated
Available for
sale financial
assets
Total
-
-
500,000
500,000
-
-
(379,836)
(379,836)
120,164
120,164
-
-
Consolidated
Available for
sale financial
assets
Total
120,164
120,164
-
-
-
-
(115,673)
(115,673)
4,491
4,491
-
-

INTIGER GROUP LIMITED (formerly Star Striker Limited) ABN 71 098 238 585

ANNUAL FINANCIAL REPORT 30 June 2016

36

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 JUNE 2016

16. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (continued)

CONSOLIDATED
Financial assets
Cash
Other financial assets
Trade and other receivables
Financial liabilities
Trade and other payables
Interest rate risk
The following table sets out the
Year ended 30/6/2016
CONSOLIDATED
FINANCIAL ASSETS
Floating rate
Cash assets
Non-interest bearing
Trade & other receivables
Loan Intiger facility
FINANCIAL LIABILITIES
Non-interest bearing
Trade & other payables
Carrying amount
Fair value
2016
$ 2015
$ 2016
$ 2015
$ 4,485,911
322,138
4,485,911
322,138
620,164
120,164
620,164
120,164
41,140
20,071
41,140
20,071
274,242
124,228
274,242
124,228
carrying amount, by maturity, of the financial instruments:
<1 year
$ 1-2 years
$ 2-3 years
$ 3-4 years
$ 4-5 years
$ >5 years
$ Total
$ Weighted
average
effective
interest
rate
%
4,485,911
-
-
-
-
- 4,485,911
0.99%
Carrying amount
Fair value
2016
$ 2015
$ 2016
$ 2015
$ 4,485,911
322,138
4,485,911
322,138
620,164
120,164
620,164
120,164
41,140
20,071
41,140
20,071
274,242
124,228
274,242
124,228
41,140
-
-
-
-
-
41,140
0.00%
-
-
-
-
-
500,000
500,000
0.00%
41,140
-
-
-
-
500,000
541,140
0.00%
102,250
-
-
-
-
-
102,250
0.00%

INTIGER GROUP LIMITED (formerly Star Striker Limited) ABN 71 098 238 585

ANNUAL FINANCIAL REPORT 30 June 2016

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 JUNE 2016

16. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (continued)

Year ended 30/6/2015 <1 year
$
1-2 years
$ 2-3 years
$ 3-4 years
$ 4-5 years
$ >5 years
$
Total
$ Weighted
average
effective
interest
rate
%
CONSOLIDATED
FINANCIAL ASSETS
Floating rate
Cash assets
Non-interest bearing
Trade & other receivables
FINANCIAL LIABILITIES
Non-interest bearing
Trade & other payables
322,128 -
-
-
-
-
322,128
0.99%
20,071 -
-
-
-
-
20,071
0.00%
124,228 -
-
-
-
-
124,228
0.00%

17. CONTROLLED ENTITIES

The consolidated financial statements include the financial statements of Star Striker Limited and the controlled subsidiaries listed in the following table:

Country of
Incorporation
% Equity interest
2016
2015
Orion Exploration Pty Ltd
Australia
100%
100%
Eastbourne Exploration Pty Ltd
Australia
100%
100%
Owing to Parent Company
2016
2015
-
-
-
-
-
-

The transactions with the subsidiaries were limited to the advance of funds during the year.

18. EVENTS AFTER THE END OF THE REPORTING PERIOD

On 18 August 2016, the Company announced the completion of the acquisition of Intiger Asset Management Pty Ltd and Associated Entities as below.

Intiger Group Limited (previously ‘Star Striker Limited’) (ASX: IAM) (ACN 098 238 585) (Company) advised that all conditions precedent to the agreement entered into by the Company to acquire all of the issued capital of each of:

  • (a) Intiger Asset Management Pty Ltd (ACN 606 729 328) (Intiger);

  • (b) Intiger Process Enhancement Pty Ltd (ACN 610 159 209);

  • (c) Intiger Asset Management Limited (a Hong Kong Company), HKCN 2254952;

  • (d) Tiger 1 Limited (a Hong Kong Company), HKCN: 2258742;

  • (e) Tiger 2 Limited (a Hong Kong Company), HKCN: 2258743; and

  • (f) Lion 2 Business Process, Inc. (a Philippines Company), PIN: CS201522320,

as well as indirectly, Integra Asset Management Australia Pty Ltd (ACN 162 734 376), a wholly owned subsidiary of Intiger (together, the Intiger Group ), (Acquisition) have been satisfied and the Company has completed the Acquisition.

Consideration

On 29 June 2016, the Company announced that the Public Offer pursuant to the replacement prospectus dated 16 June 2016 (Prospectus) for up to 174,030,549 Shares at an issue price of $0.02 per Share to raise up to $3,480,610.98 (before costs) had closed fully subscribed. The Prospectus was a recompliance prospectus for the purposes of satisfying Chapters

INTIGER GROUP LIMITED (formerly Star Striker Limited)

ANNUAL FINANCIAL REPORT 30 June 2016

ABN 71 098 238 585

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 JUNE 2016

18. EVENTS AFTER THE END OF THE REPORTING PERIOD (continued)

and 2 of the ASX Listing Rules and to satisfy ASX requirements for re-listing following a change to the nature and scale of the Company’s activities.

In addition to the Public Offer, the Company issued the following securities as detailed below:

  • 500,000,000 Performance Shares (being 250,000,000 Class A Performance Shares and 250,000,000 Class B Performance Shares) to the vendors of the Intiger Group in consideration for the acquisition of all of the shares in each of the entities comprising the Intiger Group, pursuant to the Agreement;

  • 50,000,000 Options to Merchant Capital Markets Pty Ltd (or its nominees) in consideration for the introduction of the Intiger Group to the Company;

  • 50,000,000 Options to the Proposed Directors under the Incentive Option Plan; and

  • 37,500,000 Shares to Mark Fisher as consideration for the extinguishment of debt owed by Intiger Asset Management Pty Ltd to Mark Fisher.

The capital structure of the Company following completion of the Offers and the Acquisition is summarised below:

Shares Full Subscription ($3,480,611) Full Subscription ($3,480,611)
Current issued capital 875,587,815
Issue of Shares pursuant to the Public Offer 174,030,549
Issue of Shares pursuant to the Acquisition Nil
Issue of Debt Conversion Shares 37,500,000
TOTAL 1,087,118,364
Performance Shares Full Subscription ($3,480,611)
Current issued capital Nil
Issue of Performance Shares under the Acquisition 500,000,000
TOTAL 500,000,000
Options Full Subscription ($3,480,611)
Options currently on issue 302,682,093
Issue of Options pursuant to Options Offer 50,000,000
Issue of Options to key management personnel and employees of the Intiger
Group
50,000,000
TOTAL 402,682,093
. AUDITOR’S REMUNERATION
Amounts received or due and receivable by HLB Mann Judd for:
An audit or review of the financial report of the entity and any other
entity in the consolidated group
Other assurance services
CONSOLIDATED
30 June 2016
$ 30 June 2015
$ 36,000
33,000
29,245
15,151
65,245
45,151

19. AUDITOR’S REMUNERATION

INTIGER GROUP LIMITED (formerly Star Striker Limited) ABN 71 098 238 585

ANNUAL FINANCIAL REPORT 30 June 2016

39

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 JUNE 2016

20. SEGMENT INFORMATION

The Group has identified its operating segment based on the internal reports that are reviewed and used by the Board of Directors (Chief operating decision makers) in assessing performance and determining the allocation of resources. The Group is managed primarily on the basis of its geographical segment. During the year, the Group considers that it has operated in two segments, being mineral exploration in Australia and Malawi (Africa) and has endeavoured to seek investment opportunities outside the mining sector.

Segment information

The following table presents revenue and profit/(loss) information and certain asset and liability information regarding the reporting segments for the years ended 30 June 2016 and 30 June 2015. The accounting policies used to determine the segment information are consistent with those used to prepare the Group’s financial statements.

Australia Malawi (Africa) Total
$ $ $
2016
Segment revenue 13,749 - 13,749
Segment net operating loss after tax (1,072,419) - (1,072,419)
Segment assets 5,037,300 - 5,037,300
Segment liabilities (274,242) - (274,242)
Cash flow information
Net cash flows provided by/(used in) investing activities (500,000) - (500,000)
2015
Segment revenue 4,849 - 4,849
Segment net operating loss after tax (1,160,452) - (1,160,452)
Segment assets 466,912 - 466,912
Segment liabilities (109,216) (15,012) (124,228)
Cash flow information
Net cash flow provided by/(used in) investing activities (716,360) - (716,360)

INTIGER GROUP LIMITED (formerly Star Striker Limited)

ANNUAL FINANCIAL REPORT 30 June 2016

40

ABN 71 098 238 585

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 JUNE 2016

21. RELATED PARTY DISCLOSURES

(a) Details of key management personnel (KMP)

(i) Directors

Mr M Rantall Chairman (non-executive) – appointed 17 August 2016 Mr P Canion Director (non-executive) – appointed 17 August 2016 Mr M Walker Director (non-executive) – appointed 1 August 2014 Mr S Cheema Director (non-executive) – resigned 17 August 2016 Mr L Jones Director (non-executive) – resigned 17 August 2016 Mr R Parker Director (non-executive) – appointed 2 July 2014, resigned 31 July 2015 Mr A Bell Director (non-executive) – appointed 6 August 2007, resigned 10 December 2015

(ii) Executives

Mr M Fisher Director (non-executive) – appointed 17 August 2016

Key management personnel remuneration has been included in the Remuneration Report section of the Directors’ Report.

(b) Remuneration paid or payable

Refer to the Remuneration Report contained in the Directors’ Report for details of the remuneration paid or payable to each member of the Group’s key management personnel for the years ended 30 June 2016 and 30 June 2015.

The total remuneration paid to KMP of the Company and the Group is as follows:

Short-term employee benefits
Post-employment benefits
Share-based payments
CONSOLIDATED
30 June 2016
$ 30 June 2015
$ 204,636
163,000
-
-
-
-
204,636
163,000

22. CAPITAL AND OTHER COMMITMENTS

Exploration and other commitments

In order to maintain current rights of tenure to exploration of exploration licences, the Group is required to perform a minimum exploration work to meet the minimum expenditure requirements specified by various governments. These obligations are subject to renegotiation when application for a mining lease is made and at other times. For the exploration licences held at year end, the aggregate minimum expenditure requirement per annum is $Nil (2015: $Nil).

INTIGER GROUP LIMITED (formerly Star Striker Limited)

ANNUAL FINANCIAL REPORT 30 June 2016

41

ABN 71 098 238 585

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 JUNE 2016

23. PARENT ENTITY DISCLOSURES
(a) Summary of Financial Information
Financial position
Assets
Current assets
Non-current assets
Total assets
Liabilities
Current liabilities
Total liabilities
Net Assets
Equity
Contributed capital
(Accumulated losses)
Reserves
Options reserve
Total equity
Financial performance
Loss for the year
Other comprehensive income (loss)
Total comprehensive income (loss)
2016
$ 2015
$ 4,532,567
346,566
504,491
120,164
5,037,058
466,730
259,230
109,215
259,230
109,215
4,777,828
357,515
39,803,481
34,654,754
(36,037,324)
(34,964,844)
1,011,671
667,604
4,777,828
357,515
30 June 2016
$ 30 June 2015
$ (1,072,419)
(1,156,244)
-
-
(1,072,419)
(1,156,244)

(b) Contractual commitments for the acquisition of property, plant and equipment

As at 30 June 2016, the Company had no contractual commitments for the acquisition of property, plant and equipment (2015: Nil), other than those disclosed in note 22.

(c) Guarantees and contingent liabilities

As at 30 June 2016, the Company had no guarantees or contingent liabilities (2015: Nil), other than those already disclosed in note 24.

INTIGER GROUP LIMITED (formerly Star Striker Limited)

ANNUAL FINANCIAL REPORT 30 June 2016

42

ABN 71 098 238 585

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 JUNE 2016

24. CONTINGENCIES

There were no contingencies as at 30 June 2016 and 2015.

25. COMPANY DETAILS

The registered office of the company is: Level 2, 330 Churchill Avenue Subiaco WA 6008

The principal place of business is: Level 2, 330 Churchill Avenue Subiaco WA 6008

INTIGER GROUP LIMITED (formerly Star Striker Limited) ABN 71 098 238 585

ANNUAL FINANCIAL REPORT 30 June 2016

DIRECTORS’ DECLARATION FOR THE YEAR ENDED 30 JUNE 2016

  1. In the opinion of the directors of Intiger Group Limited (formerly Star Striker Limited) (the “Company”):

  2. (a) the financial statements, notes and additional disclosures included in the director’s report designated as audited are in accordance with the Corporations Act 2001 , including:

    • (i) giving a true and fair view of the Group’s financial position as at 30 June 2016 and of its performance for the year then ended; and

    • (ii) complying with Australian Accounting Standards (including the Australian Interpretations) and the Corporations Regulations 2001 ;

  3. (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, based on the factors outlined in note 1(u); and

  4. (c) the financial statements and notes thereto are in accordance with International Financial Reporting Standards issued by the International Accounting Standards Board, as outlined in note 1(c).

  5. This declaration has been made after receiving the declarations required to be made to the directors in accordance with sections 295A of the Corporations Act 2001 for the year ended 30 June 2016.

This declaration is signed in accordance with a resolution of the Board of Directors.

==> picture [79 x 39] intentionally omitted <==

Mathew Walker Director

29 September 2016

INTIGER GROUP LIMITED (formerly Star Striker Limited) ABN 71 098 238 585

ANNUAL FINANCIAL REPORT 30 June 2016

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF INTIGER GROUP LIMITED

==> picture [407 x 638] intentionally omitted <==

INTIGER GROUP LIMITED (formerly Star Striker Limited) ABN 71 098 238 585

ANNUAL FINANCIAL REPORT 30 June 2016

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF INTIGER GROUP LIMITED

==> picture [411 x 518] intentionally omitted <==

INTIGER GROUP LIMITED (formerly Star Striker Limited) ABN 71 098 238 585

ANNUAL FINANCIAL REPORT 30 June 2016

ASX ADDITIONAL INFORMATION

Additional information required by the Australian Securities Exchange Ltd, and not shown elsewhere in this report is as follows. The information is current as at 22 September 2016.

(a) Distribution of equity securities

  • (i) Ordinary share capital

  • 1,087,118,364 fully paid shares held by 2,025 shareholders. All issued ordinary shares carry one vote per share and carry the rights to dividends.

Analysis of numbers of equity security holders by size of holding are:

1 – 1,000
1,001 – 5,000
5,001 – 10,000
10,001 – 100,000
100,000 and over
Total Holders
Class of Equity Security
Number of
Holders
Fully Paid Ordinary
Shares
131
16,091
23
58,216
15
108,679
730
40,038,243
1,126
1,046,897,135
2,025
1,087,118,364

There are 2,025 shareholders holding less than a marketable parcel of shares.

(b) Twenty largest holders of quoted equity securities (fully paid ordinary shares)

WALKER MATHEW DONALD
TRUST CO AUST LTD MOF A/C
SHIELDS MICHAEL
CAPRICE ASSET MGNT PL CAPRICE S/F A/C
ECOMETRIX PL
CONSTANTINOU C A
DAVIS MICHAEL PETER
HOHOLIS HARRY
HALL LUKE ANDREW
CITICORP NOM PL
FIRE & METAL PL MHSC FAM A/C
WHITE TIMOTHY SAMUEL
JOHNSON ANN MAREE
GAPES DANIEL WILLIAM
COMSEC NOM PL
YOUNG PATRICK T + M R
HORTON-JONES N + KOBZOVA HORTON-JONES FAM S
KEARNEY LACHLAN WILLIAM
PARADISE WEALTH PL PARADISE WEALTH S/
CHACOS LES + ANN
Number held
Percentage
%
105,000,000
9.66%
37,500,000
3.45%
20,980,000
1.93%
20,000,000
1.84%
15,750,000
1.45%
13,406,443
1.23%
10,997,000
1.01%
10,035,044
0.92%
9,500,000
0.87%
9,230,368
0.85%
8,000,000
0.74%
8,000,000
0.74%
7,501,202
0.69%
6,645,268
0.61%
6,104,721
0.56%
5,700,000
0.52%
5,640,000
0.52%
5,353,744
0.49%
5,300,000
0.49%
5,109,090
0.47%
315,752,880
29.04%

INTIGER GROUP LIMITED (formerly Star Striker Limited)

ANNUAL FINANCIAL REPORT 30 June 2016

ABN 71 098 238 585

ASX ADDITIONAL INFORMATION

(c) Twenty largest holders of quoted option holders (“IAMOA”)

MR MATHEW DONALD WALKER
MR BEVAN WING FAT CHAN
KAYMEL PTY LTD
MRS REBECCA MARION CHAN
MR SUFIAN AHMAD
FIRE & METAL PTY LTD
MR WAFA MUHAMMAD IQBAL
MR SCOTT DEAN WRIGHT
MR DAVID GUAN HUA NG
FOCUSPOINT INTERNATIONAL PTY
MRS KIMBERLY ANN WHITTY
MR KERRY GILBERT PARKIN
MS BRIGID ELIZABETH WHEELER
MR DOMENIC MARINO
MRS SIMIDA COST
MR THEAM HUAH YEOH
DONKEY TRADING PTY LTD
MR GEORGE LERANTGES
MR BLAIR NELSON MCFARLANE
MR DANIEL WILLIAM GAPES
(d)
Substantial holders
Substantial holders in the company are set out below:
Ordinary shares
MR MATHEW DONALD WALKER
Number held
Percentage
%
20,000,000
6.61%
14,400,000
4.76%
12,725,000
4.20%
12,270,000
4.05%
10,800,000
3.57%
8,991,561
2.97%
6,600,000
2.18%
6,365,504
2.10%
5,450,000
1.80%
5,063,225
1.67%
5,004,584
1.65%
4,980,000
1.65%
3,605,352
1.19%
3,500,000
1.16%
3,500,000
1.16%
3,080,000
1.02%
3,003,430
0.99%
3,000,000
0.99%
3,000,000
0.99%
3,000,000
0.99%
138,338,656
45.70%
Number
held
Percentage
105,000,000
9.66%

(e) Voting rights

All ordinary shares carry one vote per share without restriction.

(f) Business Objective

The Company has used its cash and assets that are readily convertible to cash in a way consistent with its business objectives.

(f) Schedule of Tenements

All tenement applications and licences had been withdrawn and relinquished during the year ended 30 June 2016.

INTIGER GROUP LIMITED (formerly Star Striker Limited) ABN 71 098 238 585

ANNUAL FINANCIAL REPORT 30 June 2016

48