ENERGY TECHNOLOGIES LIMITED — Interim / Quarterly Report 2012

Aug 30, 2012

Appendix 4E Preliminary final report

APPENDIX 4E

Preliminary final report

1. Company Details

Name of entity

ENERGY TECHNOLOGIES LIMITED

ABN or equivalent company reference Financial year ended (‘current period’) 38 002679469 30 June 2012 2. Results for announcement to the market	ABN or equivalent company reference Financial year ended (‘current period’) 38 002679469 30 June 2012 2. Results for announcement to the market	Financial year ended (‘previous period’) 30 June2011 $A'000	Financial year ended (‘previous period’) 30 June2011 $A'000
2.1 Revenues from operating activities 2.2 Profit from operating activities after tax attributable to members 2.3 Profit for the period attributable to members	Down 74% to 6,469 Up N/A to 3,678 Up N/A to 3,678
2.4**Dividends **	Amountper security		Franked amountper security
Final dividend	NIL		NIL
Interimdividend	NIL		NIL
2.5 Record date for determining entitlements to the dividend	Not applicable
2.6 Brief explanation of any of the figures in 2.1 to 2.4 necessary to enable the figures to be understood: Energy Technologies Limited has announced that it will hold a General Meeting on 17 October 2012 to seek shareholder approval to reduce the capital of the company by means of a distribution to the holders of fully paid ordinary shares in the company, such distribution to be made pro rata at the rate of 2 cents per share to the number of fully paid ordinary shares held by each shareholder on the register at 24 October 2012, such payment to be made in one or more tranches as the directors see fit.

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3. Details of Individual and Total Dividends

		Date dividend is payable	Amount per security	Franked amount per security at 30% tax	Amount per security of foreign source dividend
	Final dividend:Current year Previous year		-¢ -¢	-¢ -¢	-¢ -¢
	Interim dividend:Current year		-¢ -¢	-¢ -¢	-¢ -¢
	Previous year

Total dividend per security (interim plus final)

Ordinary securities Preference securities	Current year	Previous year
	-¢ -¢	-¢ -¢

4. Dividend reinvestment plan

Details of any dividend reinvestment plans in operation: There is no dividend reinvestment plan in place.

The last date for the receipt of an election notice for participation in any dividend or distribution reinvestment plan: Not applicable

5. Statement of retained earnings

	Accumulated losses at the beginning of the financial year Net profit/(loss) attributable to members Accumulated losses at the end of the **financial year **	Current period - $A'000	Previous corresponding period-$A'000
		(6,672) 3,678 (2,994)	(6,239) (433) (6,672)

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6.1 Net Tangible Asset backing	Current period	Previous corresponding period
Net tangible asset backing per ordinary security	2.94c	3.02c

6.2 Earnings per security (EPS)	Current period	Previous corresponding period
Basic EPS (cents) Net profit / (loss) after tax for the period attributable to members ($’000s) Weighted average number of ordinary securities	2.27c	(0.28)c
	3,678	(433)
	161,771,994	155,609,660

7. Details of entities over which control has been gained or lost during the period

7.1 A Name of entity 7.2 A Date from which control was gained 7.3 A Where material to an understanding of the report – the contribution of such entities to the reporting entity’s profit from operating activities during the period and the profit or loss of such entities during the whole of the previous corresponding period There were no acquisitions during the period 7.1 B Name of entities Dulhunty Yangzhou Line Fittings Co Limited, Dulhunty Power (Aust) Pty Limited, Dulhunty Power (NZ) Limited, Dulhunty Power (Thailand ) Limited andDulhuntyPower(Malaysia) Sdn Bhd 7.2 B Date from which control was gained / lost 30 September 2011 7.3 B Where material to an understanding of the report – the contribution of such entities to the reporting entity’s profit from operating activities during the period and the profit or loss of such entities during the whole of the previous corresponding period Discontinued operations contributed ($677,835) loss before income tax and Minorities (June 2011 $1,314,012 profit before income tax andMinorities)
	ined ding of the report – the he reporting entity’s uring the period and during the whole of iod
		There were no acquisitions during the period
	Dulhunty Yangzhou Line Fittings Co Limited, Dulhunty Power (Aust) Pty Limited, Dulhunty Power (NZ) Limited, Dulhunty Power (Thailand ) Limited andDulhuntyPower(Malaysia) Sdn Bhd
		30 September 2011 Discontinued operations contributed ($677,835) loss before income tax and Minorities (June 2011 $1,314,012 profit before income tax andMinorities)
		30 September 2011
		Discontinued operations contributed ($677,835) loss before income tax and Minorities (June 2011 $1,314,012 profit before income tax andMinorities)

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8. Details of Associates and Joint Ventures:

Name of entity Dulhunty Poles Pty Ltd	Percentage holding
	39.85%

8.1 Where material to an understanding of the report - aggregate share of profits (losses) of these entities, details of contributions to net profit for each of these entities, and with comparative figures for each of these disclosures for the previous corresponding period:

During the year Dulhunty Poles Pty Limited (DPPL) agreed on contract terms for the supply of Titan Power Poles to Electricite de Tahiti (EDT), a subsidiary of GDF Suez, the world’s largest utility company. DPPL expects to become cash flow positive FY2013.

During the year EGY on consolidation took up its share of losses of $764,955.

9 - Comments by directors

Energy Technologies Limited (EGY – formerly DUL) has reported a consolidated profit after tax and minority of $3,678,039 (FY2011 LOSS $(432,874)). As reported in the EGY Half Year Report to December 2011, the consolidated results of EGY are dominated by the sale of substantially all of the assets of D Power International Limited (DPIL – formerly Dulhunty Power International Limited), the operating group controlled by EGY. This transaction, as announced on 12 October 2011, was based on a completion date of 30 September 2011.

Since 31 December 2011 the consolidated results of EGY have been impacted by the following in relation to DPIL:

• Realised foreign exchange gains on loss of control of controlled entity Dulhunty China $(104,443)

• Impairment of goodwill on consolidation of DPIL $545,473

As noted above EGY has recorded its share of losses of the associated entity Dulhunty Poles Pty Ltd (DPPL), against the carrying value of investment and loans, including:

• a loan by EGY to DPPL of $176,105

• the Convertible Notes subscribed by EGY in DPPL of $710,500

The EGY consolidated group profit after tax and minorities for the period of $3,678,039 is made up of the following material items:

material items:
EGY Profit on Sale of Assets of DPIL before Minorities	$11,475,983
Minorities Share of Profit on Sale	($4,481,262)
EGY Share of Transaction Costs	($865,158)
EGY Share of DPIL Loss for 3 Months to 30 September 2011	($227,978)
Impairment of Goodwill on consolidation of DPIL	($545,473)
DPPL share of associated entitylosses	($764,955)
OperatingLoss For the Period(includingDPIL 9 Months to 30 June 2012)	($913,118)
Total	$3,678,039

Greater detail in regard to the above will be provided in the EGY Annual Report.

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DPIL

3 Months to 30 September 2011 discontinuing operations

Revenue from customers for the September quarter at $5.3m was consistent with the corresponding period for the previous year. However, a combination of lower margins and higher expenses resulted in an EBIT loss of $(321,063) compared with a profit for the previous September quarter. DPIL loss after tax and minorities for the 3 months was $(450,164).

Profit on sale

DPIL group net profit on sale of assets is $10,165,667, refer Note 6.

DPIL 9 Months to 30 June 2012

DPIL has continued to trade since completion and has contributed a loss of $122,156 after tax and minorities.

1. This report is based on accounts to which one of the following applies.

� The accounts have been � The accounts have been audited. subject to review. � The accounts are in the � The accounts have not yet process of being audited been audited or reviewed. or subject to review.

1. Description of likely dispute or qualification if the accounts have not yet been audited or subject to review or are in the process of being audited or subjected to review: 12. Description of dispute or qualification if the accounts have been audited or subject to review:

==> picture [130 x 63] intentionally omitted <==

Sign here: Print name: Alfred Chown (Director) Date: 31 August 2012

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ENERGY TECHNOLOGIES LIMITED

CONSOLIDATED INCOME STATEMENT For the year ended 30 June 2012

Notes CONTINUING OPERATIONS Sale of goods 2a Cost of sales Gross (loss) profit Rendering of services 2a Other revenue 2b Marketing expenses Occupancy expenses Administrative expenses Borrowing costs Other expenses Share of Net Loss from associate Impairment of goodwill LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAX Income tax expense LOSS FROM CONTINUING OPERATIONS AFTER INCOME TAX DISCONTINUED OPERATIONS Profit from discontinued operations after tax 4 PROFIT (LOSS) FOR THE YEAR PROFIT ATTRIBUTABLE TO MINORITY INTEREST PROFIT (LOSS) ATTRIBUTABLE TO MEMBERS OF ENERGY TECHNOLOGIES LIMITED	CONSOLIDATED 2012 2011 $’000 $’000 319 798 (323) (661) (4) 137 49 47 544 236 - (1) (46) (46) (1,475) (1,579) (29) (84) (72) (61) (765) - (545) - (2,343) (1,351) - - (2,343) (1,351) 9,487 1,314 7,144 (37) (3,466) (396) 3,678 (433)	CONSOLIDATED 2012 2011 $’000 $’000 319 798 (323) (661) (4) 137 49 47 544 236 - (1) (46) (46) (1,475) (1,579) (29) (84) (72) (61) (765) - (545) - (2,343) (1,351) - - (2,343) (1,351) 9,487 1,314 7,144 (37) (3,466) (396) 3,678 (433)
		137 47 236 (1) (46) (1,579) (84) (61) - -
		(1,351) -
		(1,351) 1,314
		(37) (396)
		(433)

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ENERGY TECHNOLOGIES LIMITED

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME For the year ended 30 June 2012

PROFIT/(LOSS) FOR THE YEAR OTHER COMPREHENSIVE INCOME FOR THE PERIOD AFTER TAX: Movement in foreign exchange relating to translation of controlled foreign entities Realised foreign exchange gains on disposal of controlled entities Exchange difference on foreign exchange relating to minorities TOTAL OTHER COMPREHENSIVE INCOME (LOSS) TOTAL COMPREHENSIVE INCOME (LOSS) FOR THE PERIOD TOTAL COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO: Members of the parent entity Minority equity interest	CONSOLIDATED 2012 2011 $’000 $’000 7,144 (37) 582 (328) (2,333) - (576) (701) (2,327) (1,029) 4,817 (1,066) 1,927 (760) 2,890 (306) 4,817 (1,066)	CONSOLIDATED 2012 2011 $’000 $’000 7,144 (37) 582 (328) (2,333) - (576) (701) (2,327) (1,029) 4,817 (1,066) 1,927 (760) 2,890 (306) 4,817 (1,066)
		(1,029)
		(1,066)
		(760) (306)
		(1,066)

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ENERGY TECHNOLOGIES LIMITED

CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at 30 June 2012

Notes CURRENT ASSETS Cash and cash equivalents Trade and other receivables Inventories Financial assets Current tax asset Other TOTAL CURRENT ASSETS NON-CURRENT ASSETS Investments Accounted for Using the Equity Method Property, plant and equipment Intangibles Deferred tax assets TOTAL NON-CURRENT ASSETS TOTAL ASSETS CURRENT LIABILITIES Trade and other payables Interest bearing loans and borrowings Current tax liabilities Provisions TOTAL CURRENT LIABILITIES NON-CURRENT LIABILITIES Provisions TOTAL NON-CURRENT LIABILITIES TOTAL LIABILITIES NET ASSETS EQUITY Issued capital 6 Reserves Accumulated losses Parent interests Minority interests TOTAL EQUITY	CONSOLIDATED 2012 2011 $’000 $’000 4,708 1,576 496 5,304 - 4,331 6 25 85 - 161 337 5,456 11,573 - - 21 1,108 2 2,549 - 118 23 3,775 5,479 15,348 573 4,731 - 2,557 - 106 38 498 611 7,892 31 73 31 73 642 7,965 4,837 7,383 10,163 10,075 (1,993) (242) (2,994) (6,672) 5,176 3,161 (339) 4,222 4,837 7,383	CONSOLIDATED 2012 2011 $’000 $’000 4,708 1,576 496 5,304 - 4,331 6 25 85 - 161 337 5,456 11,573 - - 21 1,108 2 2,549 - 118 23 3,775 5,479 15,348 573 4,731 - 2,557 - 106 38 498 611 7,892 31 73 31 73 642 7,965 4,837 7,383 10,163 10,075 (1,993) (242) (2,994) (6,672) 5,176 3,161 (339) 4,222 4,837 7,383
		11,573
		- 1,108 2,549 118
		3,775
		15,348
		4,731 2,557 106 498
		7,892
		73
		73
		7,965
		7,383
		10,075 (242) (6,672)
		3,161 4,222
		7,383

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ENERGY TECHNOLOGIES LIMITED

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY As at 30 June 2012

Balance at 1 July 2010 Loss for the year Shares issued in lieu of directors fees Profit attributable to minority shareholders Dividends paid Adjustments from translation of foreign controlled entities Balance at 30 June 2011 Profit / (Loss) for the year Equity contributions Shares issued in lieu of directors fees Profit attributable to minority shareholders Derecognition of non-controlling Interest upon disposal of subsidiary Dividends paid Adjustments from translation of foreign controlled entities Balance at 30 June 2012	Issued Accumulated Minority Total Capital Reserves losses Interest $ $ $ $ $
	9,841,648 85,924 (6,239,074) 4,925,188 8,613,686 - - (432,873) - (432,873) 232,932 - - - 232,932 - - - 396,358 396,358 - - - (397,295) (397,295) - (327,467) - (701,740) (1,029,207)
	10,074,580 (241,543) (6,671,947) 4,222,511 7,383,601
	- - 3,678,039 - 3,678,039 56,000 - - - 56,000 32,500 - - - 32,500 - - - 3,466,320 3,466,320 - - - (813,362) (813,362) - - - (6,638,727) (6,638,727) - (1,751,302) - (575,874) (2,327,176)
	10,163,080 (1,992,845) (2,993,908) (339,132) 4,837,195

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ENERGY TECHNOLOGIES LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS

For the year ended 30 June 2012

Notes CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers Payments to suppliers and employees Interest received Borrowing costs Income tax paid NET CASH OUTFLOWS FROM OPERATING ACTIVITIES CASH FLOWS FROM INVESTING ACTIVITIES Proceeds from disposal of subsidiaries Transaction costs disposal of subsidiaries Proceeds from sale of property, plant and equipment Purchases of property, plant and equipment Advances to related parties NET CASH FLOWS USED IN INVESTING ACTIVITIES CASH FLOWS FROM FINANCING ACTIVITIES Proceeds of share issue Proceeds from borrowings Repayment of borrowings Dividends paid NET CASH (OUTFLOWS) INFLOWS FROM FINANCING ACTIVITIES NET INCREASE (DECREASE) IN CASH HELD Add: Opening cash brought forward Effect of exchange rate fluctuations on the balances of cash held in foreign currencies CLOSING CASH CARRIED FORWARD	CONSOLIDATED 2012 2011 $’000 $’000 6,504 24,622 (7,300) (24,055) 136 11 (71) (237) (46) (790) (777) (449) 15,575 - (1,310) - - 1 (101) (394) (1,005) (119) 13,159 (512) 56 - - 1,000 (1,682) - (6,812) (224) (8,438) 776 3,944 (185) 700 1,155 64 (270) 4,708 700	CONSOLIDATED 2012 2011 $’000 $’000 6,504 24,622 (7,300) (24,055) 136 11 (71) (237) (46) (790) (777) (449) 15,575 - (1,310) - - 1 (101) (394) (1,005) (119) 13,159 (512) 56 - - 1,000 (1,682) - (6,812) (224) (8,438) 776 3,944 (185) 700 1,155 64 (270) 4,708 700
		(449)
		- - 1 (394) (119)
		(512)
		- 1,000 - (224)
		776
		(185) 1,155 (270)
		700

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ENERGY TECHNOLOGIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 30 June 2012

1. BASIS OF PREPARATION

(a) Basis of preparation

The preliminary final report does not include all the notes of the type normally included within the annual financial report and therefore cannot be expected to provide as full an understanding of the financial performance, financial position and financing and investing activities of the consolidated entity as the full financial report.

The preliminary final report should be read in conjunction with the half-year financial report of Energy Technologies Limited as at 31 December 2011. It is also recommended that the financial report be considered together with any public announcements made by Energy Technologies Limited and its controlled entities during the year ended 30 June 2012 in accordance with the continuous disclosure requirements arising under the Corporations Act 2001 .

This preliminary final report has been prepared in accordance with the requirements of the Australian Securities Exchange listing rules.

This preliminary final report does not constitute the full financial report for the year ended 30 June 2012.

(b) Statement of compliance

Compliance with Australian Accounting Standards ensures that the financial statements and notes comply with International Financial Reporting Standards issued by the IASB.

REVENUES FROM CONTINUING OPERATIONS a) Revenue from continuing operations Sale of goods Services revenue b) Other revenues from continuing operations - Foreign exchange gains on unhedged transactions - Management fees - Profit on sale of assets - Net gain on financial asset at fair value - Interest – other persons / corporations Total other revenues from continuing operations Total revenues from continuing operations	CONSOLIDATED 2012 2011 $’000 $’000 319 798 49 47 368 845 298 14 111 186 - 28 - 1 135 - 544 229 912 1,074	CONSOLIDATED 2012 2011 $’000 $’000 319 798 49 47 368 845 298 14 111 186 - 28 - 1 135 - 544 229 912 1,074
		845
		14 186 28 1 -
		229
		1,074

1. REVENUES FROM CONTINUING OPERATIONS

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ENERGY TECHNOLOGIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2012

EXPENSES Included in the determination of net profit / (loss) before tax from continuing operations are the following expenses. Depreciation and amortisation of: non-current assets Building and leasehold improvements Furniture, fixtures and fittings Computer equipment Total depreciation and amortisation of non-current assets Borrowing costs expensed: Interest expense Superannuation contributions Operating lease rental expense: Minimum lease payments	CONSOLIDATED 2012 2011 $’000 $’000 3 4 1 - 8 6 12 10 29 84 29 84 46 6 55 53	CONSOLIDATED 2012 2011 $’000 $’000 3 4 1 - 8 6 12 10 29 84 29 84 46 6 55 53
		10
		84
		84
		6
		53

3. EXPENSES

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ENERGY TECHNOLOGIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 30 June 2012

4. DISCONTINUED OPERATIONS

On 12 October 2011, the consolidated group announced its decision to dispose of substantially all of its business assets held by D Power International Limited (formerly Dulhunty Power International Limited). The assets were sold based on a completion date of 30 September 2011.

This announcement was made subsequent to approval by the Group’s management and shareholders.

Financial information relating to the discontinued operation to the date of disposal is set out below. The financial performance of the discontinued operation to the date of sale, which is included in profit/(loss) from discontinued operations per the statement of comprehensive income, is as follows:

Note Revenue Expenses (Loss) Profit before income tax Income tax expense (Loss) Profit attributable to the discontinued operation Profit on sale of assets 5 Income tax expense Profit on sale of assets after income tax Total profit attributable to the discontinued operation The net cash flows of the discontinued operation, which have been incorporated into the statement of cash flow, are as follows: Net cash inflow/(outflow) from operating activities Net cash inflow/(outflow) from investing activities Net cash inflow/(outflow) from financing activities Net cash increase (decrease) in cash generated by the discontinued operation	2012 2011 $’000 $’000 5,557 23,449 (6,129) (21,491)
	(572) 1,958 (106) (644)
	(678) 1,314
	10,165 - - -
	10,165 -
	9,487 1,314
	(545) (118) 14,184 (1,024) (1,120) 976
	12,519 (166)

Gain on disposal of the controlled entities has been included in gain from discontinued operations per the Income Statement

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ENERGY TECHNOLOGIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 30 June 2012

5. CASH FLOW INFORMATION - DISPOSAL OF ENTITIES

During the period, the controlled entity DPIL sold substantially all of its business assets. Aggregate details of this transaction are:

Cash Consideration Net Bank debt extinguished Gross Proceeds Assets and liabilities disposed of: Cash Receivables Inventories Property, plant and equipment Goodwill Payables Interest Bearing Liabilities Non-controlling equity interests Net gain on disposal of assets Realised Foreign exchange gains on disposal of controlled entities Transaction costs Profit on sale of assets	30 June 2012 $ 15,575,355 1,424,645
	17,000,000
	119,647 11,578,403 4,288,226 1,335,988 1,799,507 (8,347,460) (2,104,180) (813,362)
	7,856,769
	9,143,231 2,332,752 (1,310,316)
	**10,165,667 **

CONTRIBUTED EQUITY Issued capital 164,263,758 (160,135,186 – 2011) ordinary shares fully paid Terms and conditions Holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at shareholders’ meetings. In the event of winding up of the company, ordinary shareholders rank after creditors and are fully entitled to any proceeds of liquidation.	CONSOLIDATED 2012 2011 $’000 $’000 $ $ 10,163,080 10,074,580	CONSOLIDATED 2012 2011 $’000 $’000 $ $ 10,163,080 10,074,580

6. CONTRIBUTED EQUITY

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ENERGY TECHNOLOGIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2012

7. Segment Reporting

Primary reporting - Business segments

mary reporting - Business	segments	segments
	Energy/Energy		Investment			Total
	Infrastructure
	2012	2011	2012	2011		2012	2011
	$’000	$’000	$’000	$’000		$’000	$’000
Revenue	6,469	24,523		-	-	6,469	24,523
Segment result before income tax	7,250	607		-	-	7,250	607
Income tax expense	106	644		-	-	106	644

The group’s primary business segment is Energy/Energy Infrastructure products. Therefore the segment details are fully reflected in the results and balances reported in the Income Statement and Statement of Financial Position.

Secondary reporting - Geographic segments

	Asia Australia New Zealand USA Eliminations Total
Revenue Assets Other segment information Acquisition of property, plant and equipment , intangibles and others Acquisition of intangibles and other non current assets	2012 $’000 2011 $’000 2012 $’000 2011 $’000 2012 $’000 2011 $’000 2012 $’000 2011 $’000 2012 $’000 2011 $’000 2012 $’000 2011 $’000 4,641 14,087 2,515 10,542 557 4,080 325 799 (1,569) (4,985) 6,469 24,523 567 12,988 6,541 10,275 - 1,437 - 416 (1,629) (9,768) 5,479 15,348
	41 147 31 135 - 15 - 19 - - 72 316 3 4 26 74 - - - - - - 29 78

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ENERGY TECHNOLOGIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 30 June 2012

8. SUBSEQUENT EVENTS

Subsequent to balance date Energy Technologies Limited (the Company) completed the acquisition of 100% holding of Bambach Wires and Cables Pty Ltd (BWC), a long standing Australian manufacturer of specialist and industrial cables. As previously announced, EGY purchased BWC for $1m paid on completion and a further component based on working capital of the business at completion and to be paid over the ensuing 3 years, and a further component to be based on performance of the business in the years following the purchase. The total purchase price is estimated at approximately $A3m paid over 3 years.

In addition, EGY has announced that it will hold a General Meeting on 17 October 2012 to seek shareholder approval to reduce the capital of the company by means of a distribution to the holders of fully paid ordinary shares in the company, such distribution to be made pro rata at the rate of 2 cents per share to the number of fully paid ordinary shares held by each shareholder on the register at 24 October 2012, such payment to be made in one or more tranches as the directors see fit.

Compliance statement

1. Compliance with Australian Accounting Standards ensures that the financial statements and notes comply with International Financial Reporting Standards issued by the IASB.

2. 2 This preliminary report, and the accounts upon which the report is based (if separate), use the same accounting policies.

3. 3 This preliminary report does give a true and fair view of the matters disclosed.

4. 4 The accounts are in the process of being audited.

5. 5 The entity has a formally constituted audit committee.

Sign here:

==> picture [94 x 46] intentionally omitted <==

Print name: Alfred Chown (Director)

Date: 31 August 2012

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