EV RESOURCES LTD — Regulatory Filings 2006

Mar 19, 2006

Richfield International Limited Reviewed Balance Sheet as at 30 September 2005

	\$
Current Assets Cash and bank balances	3,176,679
Fixed deposits	1,609,277
Trade debtors	2,006,321
Deposit & prepayments	30,219
Other debtors	10,049
	6,832,545
Non-Current Assets
Fixed Assets	49,230
Others Quoted Investments	3,898 545,079
Intangible assets	5,761,471
	6,359,678
Total Assets	13, 192, 223
Current Liabilities
Trade Creditors	2,753,404
Other creditors and accruals	130,719
Provision for taxation Hire Purchase creditors	196,515 13,408
	3,094,046
Non-Current Liabilities
Loan other entity	37,290
	37,290
Net Assets	10,060,887
Equity
Contributed Equity	9,417,558
Accumulated Profits	643,329

10,060,887

Richfield International Limited

Consolidated Income Statement For the Nine Months ended 30 September 2005

	£
Revenue from ordinary activities Less Cost of Services	4,756,766 (2,912,496)
Other revenue	72,928
Less Operating Expenses:
Employee benefits expense	504,844
Depreciation and Amortisation	13,710
Occupancy costs	65,393
Finance Expenses	859
Other expenses	615,806
Profit for ordinary activities before income tax expense	716,586
Income Tax Expense	(196, 515)
Profit for ordinary activities after income tax expense	520,071

RICHFIELD INTERNATIONAL LIMITED. (Incorporated in the Australia

DECLARATION BY THE DIRECTORS

In the opinion of the directors, the financial statements set out are drawn up so as to give a true and fair view of the state of affairs of the company as at 30 September 2005 and of the results of the business of the company and its subsidiaries for the year ended on that date.

ON BEHALF OF THE BOARD

$\mathbf{r}^2$ Director

Directo

Singapore,

$11.11.05$

MGI BRIDGE PARTNERS

ACCOUNTANTS . CORPORATE & BUSINESS ADVISORS

INDEPENDENT REVIEW REPORT TO THE MEMBERS OF RICHFIELD INTERNATIONAL LIMITED

Scope

We have reviewed the financial report of Richfield International Limited and controlled entities for the nine months ended 30 September 2005 as set out in the attached balance sheet, income statement and directors' declaration. The financial report includes the consolidated financial statements of the consolidated entity comprising the company and the entities it controlled at the end of the nine months or from time to time during the nine months. The company's directors are responsible for the financial report. We have performed an independent review of the financial report in order to state whether, on the basis of the procedures described, anything has come to our attention that would indicate that the financial report is not presented fairly in accordance with Accounting Standard AASB 1029: Interim Financial Reporting and other mandatory professional reporting requirements and statutory requirements, so as to present a view which is consistent with our understanding of the company's financial position, and performance as represented by the results of its operations and its cash flows, and in order for the company to lodge the financial report with Australian Stock Exchange Limited.

Our review has been conducted in accordance with Australian Auditing Standards applicable to review engagements. A review is limited primarily to inquiries of company personnel and analytical procedures applied to the financial data. These procedures do not provide all the evidence that would be required in an audit, thus the level of assurance provided is less than given in an audit. We have not performed an audit and, accordingly, we do not express an audit opinion.

Statement

Based on our review, which is not an audit, we have not become aware of any matter that makes us believe that the nine months financial report of Richfield International Limited is not in accordance with:

• the Corporations Act 2001, including: $(a)$
• giving a true and fair view of the company's financial position at 30 September 2005 and of its $(i)$ performance for the nine months ended on that date; and
• complying with Accounting Standard AASB 1029: Interim Financial Reporting and the $(ii)$ Corporations Regulations; and
• other mandatory professional reporting requirements. $(b)$

BRIDGÉ PARTNERS AUDIT SERVICES

TJ SPOONER

PARTNER

Dated || November 2005

Dme37211

Level 41, BankWest Tower, 108 St George's Terrace, GPO Box 2570, Perth, Western Australia 6001 Tel: 61-8 9463 2463 Fax: 61-8 9463 2499 Email: reception@mgiperth.com.au

MGI Bridge Partners Audit Services

A member of MGI, an association of independent accounting firms with offices throughout the world

MGI BRIDGE PARTNERS

ACCOUNTANTS • CORPORATE & BUSINESS ADVISORS

RICHFIELD INTERNATIONAL LIMITED

Auditor's Independence Declaration under

Section 307C of the Corporations Act 2001

I declare that, to the best of my knowledge and belief, during the nine months ended 30 September 2005 there have been:

• no contraventions of the auditor's independence requirements as set out in the Corporations Act 2001 in i. relation to the audit; and
• no contraventions of any applicable code of professional conduct in relation to the audit. ii.

Mar R

MGI BRIDGE PARTNERS AUDIT SERVICES

TJ SPOONER PARTNER

Dated \ November 2005

Level 41, Bank West Tower, 108 St George's Terrace, GPO Box 2570, Perth, Western Australia 6001 Tel: 61-8 9463 2463 Fax: 61-8 9463 2499 Email: reception@mgiperth.com.au

MGI Bridge Partners Audit Services

A member of MGI, an association of independent accounting firms with offices throughout the world