FATFISH GROUP LIMITED — Annual Report 2011

Oct 11, 2011

ATECH HOLDINGS LIM]TED (ABN 88 004 080 460) AND ITS SUBSIDIARIES

FINANCIAL REPORT FOR THE YEAR ENDED 30 June 2011

Directors Donald Han Low

Eric Jiang George Karafotias

Secretary George Karafotias

Registered Office 101 Rathdowne 5t Cartton Vic 3053

Auditors

BDo Audit (NSw-VlC) Pty Ltd Chartered Accountants Level 30, 525 Cotlins Street Melbourne, Victoria, 3000

Principal Share Register Security Transfer Registrars Pty Ltd 770 Canning Highway Apptecross WA 6153

Principal Bankers Westpac

Website www. atechhotdings. com

CORPORATE GOVERNANCE STATEAAENT

This statement outlines the main corporate governance practices in ptace throughout the financial year, which compty with the Asx corporate Govemance council, recommendations, untess otienvise stated.

Eoard of Dlrectors

The skitls, experience and expertise relevant to the position of each director who is in office at the date of the annual. report are detaited below) in the directors' report.

As this.company is a sma[[ company itls not- consid€red necessary to have the same procedures as large companies would have' As the Company has a relati\rely smatt Board, the futt Board is the Nomination iommlttee ana regularly revi*/s Board membership. Furthermore, due to the size of the company's operations, executive posltions are not futl time, nor are they treated differentty or remunerdted diiferint(y from non-executive msitlons-

There is no Chief Executive officer or other senior executives and for this reason there is no policy for the re\riew of Board members. Directors retire by rotation as is prescrlbed in the company's constitutioh. '

As ule Directors are persons of considerable business experience, it has not been fett necessary to formatty nominate.an approPriate policy of ethics nor is lt bel,ieved necessary to formatty estabtish furtherance of their duties. The company woutd exPect that if such a matter arose the board wouti determine the basis under which advice would be sought.

Tradlng Pollcy

The company's policy regarding dir€ctors and emp(oyees trading in its securities is set by the finance committee. The Poticy restricts directors and employees from acting on ma[eriat information until it has been reteased to the market and adequate time has been given for this to be reftected in the security,s prices,

Audit Committee

Itir George Karafotlas is responsible for the review of the adequacy of the extemat audit arrangements and it has not been.felt necessary to establish an audit committee, The board has not formed an audit c;mmittee as matter that would be considered by this committee are being addressed at board meetings.

Performance Evaluatlon

Given the size of the company and its llmited operations during the year there is no formal performance evaluation procedure in place.

Rlsk ,{rnagement

The Board reviews att of the operations of the company at each meeting so as to identify the areas of potential risk and makes arrangements at that time to manage that risk. In accordanci with ASX requirements, the company is required to comPly with the ASX Corporate Governance Councit Best Practice. However, as the iompany is currently suspended and is undertaki-n8.no trading activiti6, comptiance with the Best iractice requirement is not considered necessary by the Board of Directors.

Remuneratlon Commlttee

As the Company has a relativety smatt Board, the futt Board is the Remuneration Committee and regularty reviews directors' remuneration to ensure it is in accordance with the company's remuneration poticy. No jirectors, remuneration was Paid during the year. The directors are reimbursed for normal trave11ing and othe, " penses incurred in respect of their duties to the Company.

Share options

There are no oPtions that have b€en granted over unissued shares or interests by the company or a controlled entity to directoB or other persons.

DIRECTORS' REPORT

The directors -of Atech. Hotdings Limited.present their report on the consolidated entity (the ..consotidated entity,,), consisting of Atech Holdings Limited and the entities it aontrotted at the end ot, anJ oiriing, ttre iinanctat year ended 30 June 2011.

DIRECTORS

The fottowing persons were directors of Atech Holdings Limited during the whote of the financiat year and up to the date of this report, untess otherwise stated:

Donald Han Low Shane Peter (resigned as director 9 November 2OlO) l,tohd Nadzir Bin l ahmud (resigned as director 9 November 2010) Wittiam Tien (resigned as director 22 February 20111 Eric Jiang (appointed as director ZZ Octob€r 2OlO) George Karafotias (appointed as director Zl February 2011)

INFORA'IATION ON DIRECTORS

Director Donald Han Low (Chairman/Non-Executive Director)

Quatifications B.Econs, University of Western Austratia

Experience Appointed as a Board Member on 8 Aprit 2008.

Mr. Low has extensive experience in corporate advisory/finance and management in various sectors including, but not limited to, plantations, tetecommunications, manufacturing, infrastructure development and financiat services.

Mr. Low has served on many boards of both private and pubticty listed companies in Asia and Europe. He is currentty the Acting Chief Executive Officer & Executive Director of Angto-Eastern Ptantations Ptc, a futty listed company on the London Stock Exchange. He atso sits as a Non-Executive Director/Chairman of the Audit Committee of Oriented Media Group Berhad, a digital media company listed on the ACE Board of Bursa Mataysia (the Mataysian Stock Exchange).

Interests in Shares Ni[ ordinary shares

Interests in Options Nil options

Special Responsibitities Nit

Directorships in other listed companies: ECSI Limited

DTRECTORS' REPORT (CONT'D)

INFORAAATION ON DIRECTORS

Director	Eric Jiang (Non-Executive Director)
Quatifications	Bachel,or of commerce Monash university
Experience	Appointed as a Board Member on 27 october zo1o.
	Mr Jiang has over ten years experience in the financiat services industry providing financial advice to retail and corporate ctients. He has hetd several mjnagement positions with Financiat Advisory firms as well as buitding a substantial reiiit advice practice in Austratia.
lnterests in Shares	Nit ordinary shares
Interests in Options	Nit options
Speciat Responsibitities Nit.
	Directorships in other tisted companies ECSI Limited, Central Kimbertey Diamonds Limited
Director	George Karafotias (Non-Executive Director)
Quatifications	Bachetor of Commerce University of Adetaide
Experience	Appointed as a Board Member on 21 February 2011.

Mr Karafotias is an accountant who has had many years experience as a business operator and proprietor and has served on the Board of two other ASX tisted companies. In addition Mr Karafotias atso prwides company secretariat services and corporate advisory services to listed and unlisted companies, focusing on restructuring and refinancing.

Interests in Shares Ni[ ordinary shares.

Interests in Options Nil options Special Responsibitities Nit.

Directonhips in other listed companies Biron Apparu Limited, ECSI Limited, Central Kimbertey Diamonds Limited.

INTERESTS IN CONTRACTS

None of the above directoB have any personal interests in the contracts entered into by Atech Hotdings Limited or its subsidiaries other than tho6e mentioned above and in Note 16 Related party Transaclions.

CONPANY SECRETARY

llr. George Karafotias was appointed- company s€cretary on 1"t June 2OlO. Mr. Wittiam Tien resigned the position of company secretary on 22 February 201i.

DTRECTORS' REPORT (CONT'D)

MEETINGS OF DIRECTORS

During the financial year, 19 meetings of directors (inctuding committees of directors and circutar resolutions passed) were held. Attendances were:

	Directors' lrteetings
Name of Director	Number eligible to attend	Number attended
Mr Donatd Han Low	1 9	1 9
Mr Shane Peter	1 3	1 3
Mr Mohd Nadzir Bin Mahmud	1 3	1 3
Mr Wiltiam Tien	9	4
Mr Eric Jiang	I	6
Mr George Karafotias	6	5

PRINCIPAL ACTIVITY

The PrinciPal actiYity of the consolidated entity during the financial year was the investment of cash.

OPERATING RESULTS

The consolidated loss of the consotidated entity after providing for income tax amounted to 5134,105 [ZO1O: s130,4311.

DIVIDENDS PAID OR RECO'SIAENDED

It is not recommended that a dividend be declared and no dividends were paid or declared since the end of the previous financial year.

REVIEW OF OPERATIONS

During the year the consolidated entity invested in cash and this was the onty source of the entity's revenue. During.the-year Atech Holding Limited entered into an agreement to acquire 1OOX of the shares of Atpha Weatth Financial SeMces Pty Ltd. As Atech was unabte to obtain att necessary regutatory approvats and therefore a1t conditions of the agreement were not satisfied, the transaction was not compteted ahd iit contracts resutting from the acceptance of the offer by Atpha sharehotders were voided. Atech wrote to the Board of Atpha on zz Fe6ruary 2011 advlslng them that the acqulsition woutd not proceed and Wlttiam Tien resigned as a dr[tor and company secretary of Atech Holdings Limited.

FINANCIAL POS|T|ON

The net assets of the consolidated entity have decreased by 5134,105 during the financial year. The entity has a net asset surplus as at the year end.

SIGNIFICANT CHANGES IN STATE OF AFFAIRS

Other than as disctosed elsewhere in this report there was no significant change in the state of affairs of the consolidated entity.

DIRECTORS' REPORT (COMTD)

AIATTERSUBSEQUENT TO THE END OF THE FINANCIAL YEAR

In relation to the Atpha weatth.. Financiat Servic\$ Pty Ltd acquisition, toan funds refundabte to Atech Hotdings Limited of 1399,216 together with accrued interest aie due foi repayment on 2 December 2011. The refundabte dePosit of 5460,47e Paid to AtPha weal.th Financiat SeMces was iepaio to Atech Hotdtngs lirit"o on 17 August ?o11.

On 19 August 2011, the consolidated entity announced an Acquisition Proposal to acquire 60% of the fulty paid ordinary shares in the caPital of Indonesian coal exploration company, PT liuah Kutai Langgong. The consolidated entity has been granted an exclusive right to deat with Apuah and has agredd to pay 5500,-60 is consideration for being granted the right.

FUTURE DEVELOPJSENTS

Other than information disclosed elsewhere in this financial report, tikety de\relopments in the operations of Atech Hotdings Limited and the exPected results of those operations in future financial-years have not been included as the inclusion of such information is tikely to result in unreasonable prejudice to the company.

ENVIRONIAENTAL ISSUES

The economic €ntitfs oPerations are not regul,ated by any significant environmental regulation under a law of the Commonweatth or of a State or Territory.

AUDIT / NON-AUDIT SERVICES

Auditors' remuneration is disclosed in Note 13. No non-audit services have been provided by the auditor or their related Dractices.

INDEIANIFICATION OF OFFICERS AND AUDITORS

An_indemnity has been given by the company ln favour of the directoB to the extent that the Corporatrbns Act Z00t attows. No payment or agreement has been given in relation to a premium in respect of a contract insuring against a tiability incurred as an officer for the costs or expenses to defend tegat proceedings.

No other insurance premium or indemnity has been paid or provided in respect of any directors or auditoB.

SHARE OPTIONS

No oPtions were granted over unissued shares or interests during or since the financial year by the company or a controlted entity to directo6 or other persons. No options over unissued shares existed at baiance date,

PROCEEDINGS ON BEHALF OF COTAPANY

Io. PeFol has aPPtied for teave of Court under section 237 of the Corporations Act 2001, to bring proceedings on behalf of the company or intervene in any proceedings to which the company is a party for the piuipose of tiking responsibility on behatf of the company for all or any part of those proceedings.

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

AUDITOR'S INDEPENDENCE DECLARATION

A copy of the auditor's independence declaration as required by section 3O7C of the Corporations Ad 2AOl is attached on page 9.

DTRECTORS' REPORT (CONT'D)

This remuneration rePort sets out remuneration information for Atech Holdings Limited's non-executive directors, exec.utive directors, other key management personnel and the five highest .e-mune.ated eiecuiives or the group and the company.

Remuneratlon Pollcles

The remuneration policy was determined as fo[ows:

• No Directo6' fees were paid.
• There are no schemes for retirement benefits.
• The directo6 are reimbursed for expenses incurred by them in the course of their duties as directors of the comPany.

Key management personnel remunera\$on pollcy

The key management personnel of the company are represented by the directoB. The key management peBonnet remuneration policy is therefore the same as the directors, remuneration poucy.

Directorc and executives dlsclosed in this report

Name	Position Held
Mr Donald Han Low	Chairman / Non-Executive Director
Mr Shane Peter (resigned as director 9 November 20101	Non-Executive Director
Mr Mohd Nadzir Bin Mahmud (resigned as director 9 November 2010)	Non-Executive Director
Mr Wittiam Tien (resigned as director 22 February 20111	Non-Executive Director
Mr Eric Jiang (appointed as director 27 October 2010)	Non-Executive Director
Mr George Karafotias (appointed as director 21 February 20111 ^#	Non-Executive Director

^# denotes the person being both a key management person of the group and atso among the five most highty remunerated company or group executives, as required to be disctosed under the Corporations Act 2001.

2011 Key management personnel of the group and other executives of the company and the group

	Cash Salary and Fees	Non-monetary ' benefits	Superannuation	Total
	s	s	s	s
[1r Donatd Han Low
Vtr Shane Peter
vlr Mohd Nadzir Bin Mahmud
vtr William Tien	5,000	100,000		106,O00
!1r Eric Jiang
Vlr George Karafotias	35,000			36,O00
fotal	42,OOO	100,000		L42,OOO

In Juty and September 2010, total loan funds of S7O0,0OO were borrowed by Atpha Wealth Financiat SeMces fty Ltd with 5250,000 repaid at the end of September 2Ol O. In February 2011 , a motoi vehicte to the vatue of Sf OO,OOti wai used to reduce the outstanding loan balance, with the remaining toan payabte batance due on 2 December 2ol 1.

The directoB do not participate in any incentive programs.

DTRECTORS' REPORT (CONT'D)

REMUNERATION REPORT (Audited) - continued

2010

Key r rnagement Personnel

No short term benefits or post emptoyment benefits were paid to the directors. The directors do not participate in any incentive programs.

This mark the end of the audited remuneration report.

This_report of the Directors, incorporating the Remuneration Report, is signed in accordance with a resolution of the Board of Directors.

Dated this 29th day of September 2011 Metbourne

Te[: *61 3 8370 2272 Fax: *61 3 8320 2200 www.bdo.com.au

The Riatto, 525 Coitirrs Sl Metbourne VIC 3000 GPO Box 4736 Metbourrre VIC i001 Australia

DECLAMTION OF INDEPENDENCE BY JUSTIN OWEN TO THE DIRECTORS OF ATECH HOLDINGS LIMITED

As lead auditor of Atech Hotdings Limited for the year ended 30 June 2011, I declare that, to the best of my knowtedge and betief, there have been no contraventions of:

• ' the auditor independence requirements of the Corporations Act ZNl in retation to the audit; and
• o any appticabte code of professionat conduct in relation to the audit.

period. This declaration is in respect of Atech Hotdings Limited and the entities it controtted during the

@,2up4l Justin Owen

Director

BDO Audit (NSw-VlC) Pty Ltd

Metbourne 29th September 2011

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2011

		Consolidated Entity
	Note	2011	2010
		s	s
Revenue from continuing operations		92,709	81,743
Accounting fees		(13,689)	(19,043)
Audit fees	1 3	(19,699)	(14,7611
Acquisition fees		(8,8241	(21,903)
Consulting fees		(50,000)	(42,0001
Depreciation		(3,3771	(762)
Legat fees		(25,858)	(1 ,818)
Listing fees		(16,4011	(16,3271
Secretariat fees		(42,000)	(36,000)
Share registry fees		(5,299)	(4,7521
Travel & accommodation expenses		(31,828)	(28,607)
Other expenses		(9,849)	(26,201)
Loss before income tax expense		(1 34,1 05)	(130,431)
Income tax expense
Loss for the year		(134,105)	(130,431)
Other comprehensive income for the year
Total comprehensive loss for the year		(1 34,1 05)	(130,431)
Basic loss (cents) per share	1 4	(0.60)	(0.58)
Dituted loss (cents) per share	1 4	(0.60)	(0.s8)

The above Statement of Comprehensive Income shoutd be read in conjunction with the accompanying notes.

CONSOLIDATED STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 30 JUNE 2011

			Consolidated Entity
	Note	2011	2010
		s	s
Current Assets
Cash and cash equivalents		87O,376	1,950,294
Trade and other receivabtes		864,104	122,131
Total Current Assets		1,734,490	1,972,425
Non-Current Assets
Property, plant and equipment		103,069	2,062
Total Non-Current Assets		103,069	2,062
Total Assets		1 ,837,549	1,974,497
Current Liabilities
Trade and other payabtes		27,260	30,093
Total Current Liabilities		27,260	30,093
Total Liabilities		27,260	30,093
Net Assets		1,910,299	1,944,394
Equity
Contributed equity		4,497,232	4,497,232
Retained earnings		(2,676,9431	(2,542,9391
Total Equity		1,81O,299	1,944,394

The above Statement of Financiat Position shoutd be read in conjunction with the accompanying notes.

coNsoLtDATED STATET ENT OF CHANGES tN EQUTTY FOR YEAR ENDED 30 JUNE 2011

	Contributed Equity	Retained Earnings	Total
	s	s	s
At 1 July 2009	4,497 ,232	(2,412,407)	2,074,925
Total comprehensive income for the year
Loss for the year		(130,431)	(130,431 )
Other comprehensive income
Total comprehensive income for the year		(130,431 )	(130,431)
Transactions with owners in their capacity a5 owners
At 3O June 2O1O	4,487,232	(2,542,9381	1,944,394
Total comprehensive income for the year
Loss for the year		(1 34,105)	(134,105)
Other comprehensive income
Total comprehensive income for the year		(134,105)	(134,105)
Transactions with owners in their capacity as owners
At 30 June 2011	4,487,232	(2,676,9431	1,910,299

The above Statement of Changes in Equity shoutd be read in conjunction with the accompanying notes.

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2O11

		Consolidated Entity
	Note	2011	2010
Cash flows from operating activities		s	s
Payments to supptiers and employees Interest received		(203,884) 40,419	(231,2261 77,907
Net cash outflow from operating activities	1 5	(163,465)	(153,419)
Cash flows from investing activities Purchase of ptant and equipment		(105,975)
Investment deposit and borrowings		(710,4781	50,000
Net cash (outftow) / inftow from investing activities		(816,453)	50,000
Net decrease in cash and cash equivalents		(979,9181	(103,4191
Cash and cash equivatents at beginning of period		1,950,294	1,953,713
Cash and cash equivatents at end of period		870,376	1,850,294

The above Statement of Cash Flows should be read in conjunction with the accompanying notes.

NOTES TO THE CONSOUDATED FIMNCIAL STATEAAENTS FOR THE YEAR ENDED 30 JUNE 2011

NOTE 1: CORPORATE INFOR'YIATION

The financial statements of Atech Hotdings Limited for the year ended 30 June 2011 were authorised for issue in accordance with a resolution of the directors on 29th September 2011 and co/ers the consotidated entity consistitlg of Atech Hotdings Limited and its subsidiaries (the "consolidated entity") as required by thi Corpordtions Act 2001.

Atech Holdings Limited is a listed public company, incorporated and domiciled in Australia.

The financiat statements are presented in the Austratian currency.

The following is a summary of the material accounting policies adopted by the consolidated entity in the preparation of the financial statements. The accounting policies have been consistently applied, unless othen^rise stated.

NOTE 2: SUI IIARY OF SIGNIFICANT ACCOUNTTNG POL|C|ES

Basis of Preparation

The financial statements are general purpor financiat statements that have been prepared in accordance with Australian Accounting Standards, other authoritative pronouncements of the Australian Accounting Standards Board and the Corporations Act 2001. Separate financial statements for Atech Hotdings Limited as an individuat entity are no longer presented as a consequence of a change to the Corporations Act 2001. However, limited financial information for Atech Holdin\$ Limited as an individual entity is inctuded in Note 11.

The financial statements also compty with tnternationat Financial Reporting Standards (IFRS) as issued by the Intemationat Accounting Standards Board. The financial report has been prepared on a historicat cost basis.

The accounting policies set out below have been comistently apptied to att yeaE presented,

The fottoMng significant accounting poticies have been adopted in the preparation and presentation of the financiat statements:

(a) Basls of Consolidatlon

A subsidiary is arry entity that Atech Holdings Limited has the power to control the financial and operating policies of so as to obtain benefits from its activities.

A tist of subsidiaries is contained in Note 10 to the financial statements. Att subsidiaries have a June financial year-end.

All inter-company balances and transactions between entities in the consotidated entity, including any unrealised profits or tosses, have been eliminated on consotidation. Accounting poticies of subsidi;rie; have been changed where necessary to ensure consistency with those poticies applied by the parent entity.

Where subsidiaries have entered or left the economic entity during the year, their operating resutts have been included/excluded from the date control was obtained or untit the date control ceased.

(b) Income Tax

Any charge for current income tax expense is based on the profit for the year adjusted for any non assessabte ordisallowed items. lt is calculated using the tax rates that have been enacted or lre substantially enacted by the Balance Sheet date.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2011

NOTE 2: SUMAAARY OF SIGNIFICANT ACCOUNTING PoLIcIEs (coNT'D)

(b) Income Tax (cont'd)

Deferred tax assets and tiabitities are recognised for att temporary differences between the carrying amounts of assets and tiabitities for financiat reporting purposes and their respective tax benefits. No deferred income tax will be recognised from the initiat recognition of an asset or tiabitity, exctuding a business combination, where there is no effect on accounting or taxabte profit or [oss.

Deferred tax is catculated at the tax rates that are expected to appty to the period when the asset is realised or tiability is settled. Deferred tax is accounted for in the profit or toss except where it retates to items that may be accounted for directty to equity, in which case the deferred tax is adjusted directly against equity.

Deferred income tax assets are recognised to the extent that it is probabte that future tax profits witt be avaitable against which deductibte temporary differences can be utitised.

The amount of benefits brought to account or which may be reatised in the future is based on the assumption that no adverse change witl occur in income taxation tegislation and the anticipation that the economic entity witt derive sufficient future assessabte income to enable the benefit to be reatised and will continue to compty with the conditions of deductibility imposed by the taw.

Deferred tax assets and deferred tax tiabitities are not recognised for temporary differences between the carrying and a tax base of investments in subsidiaries, where the parent entity is able to controt the timing of the reversal of the temporary differences and it is probabte that the difference witt not reverse in the foreseeabte future.

Cash and Cash Equivalents (c)

Cash and cash equivatents inctude cash on hand, deposits hetd at catt with banks and other shortterm highty liquid investments with originat maturities of 3 months or less that are readity convertibte to known amounts of cash, and which are subject to an insignificant risk of changes in vatue.

Trade and Other Receivables (d)

Trade and other receivabtes are recorded initialty at fair vatue and subsequentty measured at amortised cost using the effective interest method, tess an altowance for impaiiments. Cotlectabitity of trade receivables is assessed on an ongoing basis. Debts which are uncoltectabte are written off.

Trade and Other Payables (e)

Trade and other payables are recognised when the consotidated entity becomes obtiged to make future payments resutting from the purchase of goods and services. These amounts are unsecured and have 30-60 day payment terms. Trade and other payabtes are carried at amortised cost however due to their short term nature they are not discounted.

Other Financial Assets (f)

Atl investments and other financial assets are initiatty stated at cost, being the fair value of consideration given ptus acquisition costs. Purchases and sates of investments are recognised on trade date which is the date on which the consotidated entity commits to purchase or sett the asset. Accounting poticies for each category of investments and other financial assets subsequent to initial recognition are set out betow.

NOTES TO THE CONSOLIDATED FINANCIAL STATETAENTS FOR THE YEAR ENDED 30 JUNE 2011

NorE 2: suMi ARY oF stcNtFrcANT AccouNTtNG poltctEs (coNT'D)

(f) Other Financial Assets (cont'd)

Other financial assets are held at cost, less any impairment losses.

(g) Property, Plant and Equipment

Ptant and equipment is stated at historical cost less accumutated depreciation. Depreciation is catculated using the straight line method to altocate the cost over their estimated usefut lives.

The usefut tife of ptant and equipment is as fottows:

• o Plant and equipment 3 10 years
• o Motorvehicte 6-Tyears

The assets' residual vatues, useful tives and depreciation methods are reviewed and adjusted if appropriate at each financiat year end.

Gains and tosses on disposals are catcutated as the difference between the net disposal proceeds and the assets carrying amount and are inctuded in the profit or loss.

(h) Earnings Per Share

Basic earnings per share

Basic earnings per share is determined by dividing the net profit/(toss) after income tax attributabte to members of the company, exctuding any costs of servicing equity (other than dividends), by the weighted average number of ordinary shares outstanding during the financiat year, adjusted for any bonus etements.

Diluted earnings per share

Dituted earnings per share adjusts the figures used in the determination of basic earnings per share to take into account the after income tax effect of interest and other financing costs associated with ditutive potentiat ordinary shares. The weighted average number of shares used is adjusted for the weighted average number of ordinary shares that woutd be issued on conversion of att the dilutive potential ordinary shares into ordinary shares.

Revenue (i)

Interest revenue is recognised as interest accrues using the effective interest method. The effective interest method uses the effective interest rate which is the rate that exactty discounts the estimated future cash receipts over the expected tife of the financiat asset.

Att revenue is stated net of the amount of goods and seryices tax (Gsr).

Goods and Services Tax (GST) 0)

Revenues, expenses and assets are recognised net of the amount of GST, except where the amount of GST incurred is not recoverabte from the Austratian Tax Office. In these circumstances the GST is recognised as part of the cost of acquisition of the asset or as part of an item of the expense. Trade and other receivables and trade and other payabtes in the batance sheet are shown inclusive of GST. Cash ftows are inctuded in the cash ftow statement on a gross basis and the GST component of cash flows arising from investing and financing activities, which is recoverabte from, or payabte to, the taxation authority, are classified as operating cash flows.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2011

NorE 2: SUM AARY oF stGNtFtcANT AccouNTtNG poltctEs (coNT'D)

(k) lmpairment

At each reporting date, the company reviews the recoverable amounts whether there is any indication that individual assets have been impaired. lf such an indication of impairment eiists, the recoverabte amount of the asset, being the higher of the asset's fair vatue less costs to sett and vatue in use, is compared to the asset's carrying vatue. Any excess of the asset's carrying value over its recoverabte amount is expensed to the profit or [oss.

(l) Contributed equity

Ordinary shares are classified as equity. tncrementat costs directty attributabte to the issue of new shares or options are shown in equity as a deduction, net of tax, fiom the proceeds. Incrementat costs directty attributabte to the issue of new shares or options, or for the acquisition of a business, are included in the cost of the acquisition as part of the purchase consideration.

(m) Critical Accounting Estimates and Judgments

The directors evatuate estimates and judgments incorporated into the financiaL statements based on historical knowtedge and best avaitabte current information. Estimates assume a reasonabte expectation of future events and are based on current trends and economic data, obtained both externalty and within the group. There are no significant accounting estimates or judgments in the preparation of these financial statements.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2O11

			Consolidated Entity
		2011 s	20to s
	NOTE 3: REVENUE
	Interest received - other persons	92,709	81 743
	NOTE 4: INCOME TAX
a.	Income tax expense
	The components of income tax comprise:
	Deferred tax
b.	Numerical reconciliation of income tax expense to prima facie tax expense
	Loss before income tax expense	134,105	130,431
	Prima facie expense at tax rate of 30/" (2010:
	30%)	40,231
	Tax effect of amounts which are not deductibte (taxabte) in catcutating taxable income:
	Current year tax losses not brought to account	(4O,2311	(39,129)
	Income tax expense
c.	Deferred tax assets not brought to account
	Deferred tax assets not bought to account, the benefits of which witt only be reatised if the conditions for deductibitity set out in Note 1 occur:
	Temporary differences	22,222	80,217
	Tax Losses:
	Operating Losses	1,412,992	1,220,792
		1,435,1O4	1,300,999
	Potential tax benefit @ 30%	430,531	390,300
	NOTE 5: CASH AND CASH EQUIVALENTS
	Cash at bank and in hand	3g,3gg	729,629
	Deposits at call	831,ggg	1,121,666
		870,376	1,850,294

The effective interest rate on deposits at catt was 4. 1% (2010: 4.2%l; the deposits have an average maturity of 60 days.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2O1I

		Consotidated Entity
	Notes	2011 ss	ZOIO
NOTE 6: TMDE AND OTHER RECETVABLES
CURRENT
Accrued income and other receivabtes		1,337	22,131-
Investment deposit	(a)	460,479
Other receivabtes	(b)	4O2,2gg	100,000
		864,104	122,131

Due to short'term nature of these receivables, their carrying amount is assumed to approximate their fair vatue.

(a) f n August 2010 a refundabte deposit of 5460,478 was paid to Atpha Weatth Financiat Services pty Ltd as a result of the sharehotders' acceptance of the proposed offer to acquire 100% of the issued capitat of Atpha Weatth Financial Services Pty Ltd.

(b) This loan is a receivable from Atpha Weatth Financiat Services Pty Ltd. lt is repayabte together with interest at 1Q% and is due on 2 December ZO11 .

lmpaired receivables

At 30 June 2011 there were no bad or doubtfut debts.There is no financial assets that are past due..

NOTE 7: PROPERW, PLANT AND EQUtPi ENT

Property, Plant and equipment at cost	1O5,974	2,980
Accumulated depreciation	(2,9O5)	(e18)
Net carrying amount	103,069	2,062
Reconcitiations of the carrying amounts of each class of property, ptant & equipment at the beginning and end of the current and previous financial year are set out betow:
Carrying amount at beginning of financiat year	2,062	2,824
Additions	105,974
Depreciation and write offs	(4,967)	(7621
Ctosing batance	103,069	2,062
NOTE 8: TRADE AND OTHER PAYABLES CURRENT
Unsecured Liabi tities:
- Trade and other payables	27,260	30,093
	27,260	30,093

Due to short term nature of these payables, their carrying amount is assumed to approximate their fair vatue.

For terms and conditions retating to related party payabtes refer to note 16.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2011

Consolidated Entity
2011 ss	2010
4,487,232	4,497,232
Number 22,327,406-	Number 22,327,406- 22,327,406
	22,327,406

(b) At 30 June 2011, the company had no options on issue (2010: nit).

(c) Ordinary shares participate in dividends and the proceeds on winding up of the parent entity in proportion to the number of shares hetd. At sharehotders' meetings each ordinary jhare is entiited to one vote when a po[[ is called, otherwise each sharehotder has one vote on a show of hands.

(d) The company does not have timited authorised capital and shares have no par vatue.

Capital filanagement

The Board's poticy is to maintain a sufficientty strong capitat base so as to maintain investor, creditor, and market confidence and to sustain future progress on the consotidated entity's programs. As the consotidated entity is stitt in the phas-e of investigating busfness opportunities,'no?ividends are yet paid as capitat is conserved for assessment of business options.

As the consotidated entity has not yet reached the point of deriving sufficient income from its programs to generate net profits, it has not assessed a return on capitat target, nor can a return on capital yet be adequatety catcutated. The consotidated entity does not have a defined share buy-back pian, or other proposal for the purchase on-market of its own shares.

There were no changes to the consolidated entity's approach to capitat management during the year. Neither the company nor any of its subsidiaries are subject to externalty impoled capitat requirehents.

NOTE 1O: SUBSIDIARIES

	Country of
	tion		Owned
		2011	2010
		%	%
Parent Entity:
ATECH Holdings Limited	Austratia
Subsidiaries of ATECH Hotdings Limited:
SEAA (151 Sturt 5t, South
Melbourne) Pty Limited	Australia	100	100
SEAA (Boronia) Pty Limited	Australia	100	100

Voting power in these entities is in proportion to ownership interest. Att interests are in the ordinarv shares of the subsidiaries.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2011

NOTE 1 1: PARENT ENTITY INFORMATION

The fotlowing details information related to the parent entity, Atech Holdings Limited, at 30 June 2011. The information presented here has been prepared using consistent accounting policies as presented in Note 1.

		Atech Holdings Limited
	2011	2010
		s
Current assets
Non-current assets	1,734,490	1,972,425
	103,091	2,074
Total assets	837.561	974,499
Current tiabitities	1,159,166_	1,161,999
Non-current liabitities Total liabilities
	159166	161
Contributed equity	4,497,232	4,487,232
Accumulated losses	(3,809,937)	13,674,7321
Total equity	678.395	812.s00
Loss for the year Other comprehensive income for the year	(1 34,105)	(130,431)
Total comprehensive loss for the year	(1 34,105)	(130,431 )

(a) Contingent liabilities of the parent entity

The parent entity did not have any contingent liabilities as at 30 June 2011.

NOTE 12: KEY AAANAGEMENT PERSONNEL CO,IAPENSATION

The directors of Atech Hotdings Limjted during the financial year were Mr Donald Han Low, Mr Eric Jiang, Mr George Karafotias, Mohd Nadzir Bin Mahmud, Mr Shane Peter and Mr. Wittiam Tien. Detaits of remuneration of the persons who represent directors and key management personnel of Atech during the financiat year are represented in the Directors Report. Other transactions with directors and key management personnel are detaited in note 16 - Retated Parties Transactions. The fottowing tabte summarises the remuneration of directors and key management personnet.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2011

NOTE 12: KEY MANAGEMENT PERSONNEL coMPENsATIoN (coNT'D)

(a) Key management personnel compensation

	Consolidated Entity
	2011 ss	2010
Short-term Employee Benefits Post Emptoyment Benefits	06,000
	06,000
Secretarial fees for services provided by George
Karafotias (non-executive director).	36,000

(b) lfiP Options and Rights Holdings

No options were granted to 1\$,1P of the company and the consotidated entity.

(c) l{MP Shareholdings

There were no changes to the number of ordinary shares in Atech Hotdings Limited hetd by each l(Mp of the consotidated entity during the financial year.

(d) Loans to key management persons

(i) Aggregates for key management personnel

	Balance at 1 July 2010	Loans Granted	Interest paid and payable on loan	Loan repayments	Write-downs and allowances for doubtful debts	Balance at 3O June 2011
2011	:	s 700.000	s 52.289	s 35O,r	:	s 489
2010

(ii) Individuats with toans above 5100,000 during the financial year

2011	Balance at 1 July 2010	Loans Granted	Interest paid and payable on loan	Loan repayments	Write-downs and allowances for	Balance at 30 June
William Tien	s	s 700,000	s s2.289	s	doubtful debts s	2011 s
				350,r		489

In 2010, there were neither toans to individuals nor loans that exceeded 5100,000 at any time.

Loans outstanding at the end of the current year include an unsecured toan to a former director of Atech Holdings Limited of 5402,489 which was made for a period of one year and is repayable in futt on 2 December 2011 .Interest is payable on this toan at the rate of 10/o per annum.

No write-downs or altowances for doubtfut receivabtes have been recognised in retation to loans provided to key management personnet.

(e) Other transactions with key management personnel

f n August 2010 a refundabte deposit of 5460 ,478 was paid to Atpha Weatth Financial Services pty Ltd as a result of the sharehotders' acceptance of the proposed offer to acquire 1OO% ofthe issued capi[at of Atpha Weatth Financial SeMces Pty Ltd.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2011

	Consolidated Entity
	2011	2010
	s	s
NOTE 13: AUDITOR'S REIAUNEMTTON
Remuneration of the auditor for:
- Audit and review of the financiat report	19,699	14,761
NOTE 14: EARNINGS PER SHARE
(a) Reconciliation of earnings used in catculating earnings per share
Earnings used to calculate basic EpS	(134,105)	(130,431 )
Earnings used in the calcutation of dilutive EpS	(134,105)	(130,431 )
(b) Weighted average number of ordinary shares outstanding during the year used in catculation of basic EPS
	22,327,406	22,327,406
(c) As there are no potential dilutive instruments, dituted earnings per share is the same as basic earnings per share (0.60 cents).
NOTE 15: CASH FLOW INFOR ,IAT ON
(a) Reconciliation of loss after income tax to net cash flow from operating activities
Loss for the year	(134,105)	(130,431 )
Depreciation	3,377	762
Change in operating assets:
- Increase trade and other receivables	(29,9041	(18,274)
- Decrease in trade and other payabtes	(2,833)	(5,4761
Net cash outftow from operating activities	(163,465)	(153,419)

NOTE 16: RELATED PARTY TRANSACTIONS

At[ transactions between related parties are on normal commercial terms and conditions no more favourabte than those available to other parties untess otherwise stated.

NoTEs To THE GoNSoLIDATED FINANCIAL STATEAIIENTS FOR THE YEAR ENDED 30 JUNE 2OI 1

NOTE 16: RELATED PARTY TMNSACTIoNS (coNT'D)

Transactions with related parties:

.. Key ilanagement personnel

Refer to Note 12 for Interests of key management personnel. For details of loans to key management pe6onnet refer to Note 6.

b. ldentlficatlon of Retated parties Ultlmate parent Entlty

During the year, the comPany undertook a number of transactions with Atpha Weatth Financial services pty Ltd (william Tien is the sole director of Atpha wealth Financiat seMces ety Lid;. ttrese transictioniire as rortows:

• ' Payment of 56,000 (2010: \$36,000) for secretarial seMces provided by Wittiam Tien in his capacity as comPany secretary.
• . Payment of 53,000 for office administration services (2OlO: Sl8,OOO), ln Juty.and September 2010, total ]oan funds of 5700,000 were borrowed by Alpha weatth Financiat services P!y-!!d- tlt! S250'0q) rePaid at the end of September 2olo. In February Zoi 1, i rotor ""tri.tJ to the vatue ot )lqr,uru was used to reduce the outstanding loan batances, with remaining principat and interest balance becomes due and payable on 2 December 201 l.
• . In November 2010 a refundabte deposit of 5460,478 was paid to Atpha Weatth; this deposit was retumed to the company on 17 August 2011.

Any amounts payable to controlled entities dlsctosed in Note 12 are withia the whol.ty owned group and are interest free.

NOTE 17: SEGI,IENT INFORT ATION

During the years ended 30 June 2011 and 30 June 2OlO, the consolidated entity derived income from the investment of cash Mthin Australia, As it invests primarity in cash in Australia only, it does noi operate in any segments and therefore there are no further disclosures Drovided-

NOTE 18: FINANCIAL INSTRUTIENTS

a) Financial risk management

The dirTtors ar€ responsibte for the consotidated entity's risk management strategy and management is responsible for implementing the directors' strategy. A risk management program i6cuses on tt; unpredictabitity of finance markets and seeks to minimise potentiat adverle lffects on financiat Performance. The consolidated entity useB different methods to measure different types of risk to which it is exposed. These methods inctude sensitivity analysis in the case on interest rate and market risk. The consotidated entity does not use derivatives.

The consolidated entity's financiat instruments consist of deposits with bank and accounts receivabte and Payable. The main purpose of non-derivative financial instruments is to raise finance for group operations.

i. Financial Risks

The main risk the group is exposed to through its flnancial instruments is interest rate risk and credit risk.

ii. i,larket Risk

,{arket rlsk is the rlsk that changes in market prices, such as foreign exchange rates, interest rates, and equity prices will affect the economic entity's income or the val.ue of iG hotdings of financiat instruments. The objective of market risk management is to manage and control m;rket risk exposures Mthin acceptable parameters, while optimislng the retum.

The consolidated entity is only exposed to interest rate risk.

NOTES TO THE CONSOLIDATED FINANCIAL STATEAAENTS FOR THE YEAR ENDED 30 JUNE 2011

NOTE 18: FINANC|AL TNSTRUMENTS (CONT'D)

a) Financial risk management (continued)

iii. Interest Rate Risk

The economic entity's exposure to interest rate risk, which is the risk that a financiat instrument,s vatue will fluctuate as a resutt of changes in market interest rates, is limited to the risk associated with its cash hotdings. The risk is managed by having investments with fixed interest rate and entities subject to the Government Guarantee Fund. ThL entity maintains between 90% and 1 O0To of investments on fixed interest rates.

iv. Credit Risk

The carrying amount of financiat assets recorded in the financial statements, net of any provisions for losses, represents the consotidated entity's maximum exposure to credit risk, without taking account of the value of any cotlateral or other security obtained.

Concentration risk is the risk of loss because of the concentration of exposure to a specific instrument. The consotidated entity's related party receivabte batance representing+lXof att assets within the consotidated entity.

v. Liquiditv Risk

The Directors monitor the funding requirements of the economic entity, however the tiquidity risk management is onty carried out when the entity requires funds. At present, funds are raised primarity through share issue and the economic entity does not have any ciedit facitities.

Terms and conditions of cash hotdines vt.

Cash hotdings are held as term deposits. Term deposits are entered into for one and/or three monthly periods depending on the cash ftow requirements of the economic entity and at the discretion of the directors.

b) Maturity analysis of financial assets and liabilities

Att financial assets and liabitities are short term and have a maturing of less than 12 months.

c) Sensitivity Analysis

The group has performed a sensitivity analysis retating to its exposure to interest rate risk at balance date. This sensitivity anatysis demonstrates the effect on the current year resutts which coutd resutt from a change in this risk.

At 30 June 2011, the effect on profit as a result of changes in the interest rate, with att other variables remaining constant would be as follows:

	Consolidated Entity
	201 I s	2010 s
Change in profit:
- Increase in interest rate by 1%	8,320	11,217
- Decrease in interest rate by 1%	(8,320)	(11,217)

NorE 19: ACCOUNTING STANDARDS tssuED Nor yET EFFEcflvE

The foltowing new accounting standards, amendments to standards and interpretations have been issued, but are not mandatory for financial reporting years ended on 30 June 2011. They are expected to impact the company in the period of initiat apptication. The fottowing is avaitabte for eirly adoption, but has not been apptied in preparing this financiat report:

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2011

NOTE 19: ACCOUNTING STANDARDS ISUED NoT YET EFFECTIVE (coNT,D)

IFRS reference	Title and Affected Standard(s):	Nature of Change	Application date:	lmpact on Initial Application
AASB 9 (issued June 2011 and amended June 7010)	Financial Instruments	Amends the requirements for ctassification and measurement of financial assets. The fottowing requirements have generatty been carried forward unchanged from AASB 139 Financial lnstruments: Recognition and lvleasurement into AASB 9. These inctude the requirements retating to: o Ctassification and measurement of financiat tiabitities; and o Derecognition requirements for financial assets and tiabitities. However, AASB 9 requires that gains or tosses on financiat tiabitities measured at fair vatue are recognised in profit or [oss, except that the effects of changes in the liabitity's credit risk are recognised in other comprehensive income.	Periods beginning on or after 1 January 2013	Due to the recent retease of these amendments and that adoption is only mandatory for the 30 June 2013 year end, the entity has not yet made an assessment of the impact of these amendments.

to

NOTE 2O: COMPANY DETAILS

The registered office and principat ptace of business:

Atech Hotdings Ltd 101 Rathdowne St Cartton Vic 3053

The company is incorporated in Austratia.

NOTE 21: CONTINGENT LIABILITIES

Estimates of the maximum amount of contingent tiabitities that may become payabl,e is Snit [2010: Nit].

NOTE 22: EVENTS AFTER BALANCE SHEET DATE

The refundabte deposit of 5460,478 was returned to the company on 17 August 2011.

On 19 August ZO11 , the consotidated entity announced an Acquisition Proposat to acquire 6O% of the ful,ly paid ordinary shares in the capitat of Indonesian coal exptoration company, PT Apuah Kutai Langgong. ffie consotidated entity has been granted an exctusive right to deat with Apuah and has agreed to pii SSbO,OOO as consideration for being granted the right

NOTE 23: CAPITAL & LEASING COIAAAITTAENTS

There were no capital or leasing commitments at 30 June 2011.

DIRECTORS' DECLARATION

The directors of the company declare that:

• 1- The financial statements comprising the statement of comprehensive income, statement of financiat position, statement of cash flows, statement of changes in equity and accompanying notes, are in accordance with the corporations Act 2001 and:
• a. compty with Accounting Standards and the Corporations Regutations 2001; and
• b. give a true and fair view of the consotidated entity's financiat position as at 30 June 2011 and of its performance for the year ended on that date of the company and the consolidated entity.
• 1. The company has included in the notes to the financiat statements an explicit and unreserved statement of compliance with Internationat Financial Reporting Standards.
• 1. In the directors' opinion there are reasonabte grounds to betieve that the company witt be abte to pay its debts as and when they become due and payabte.
• 1. The remuneration disctosureset out on page 7 of the directors' report (as part of the audited remuneration report), for the year ended 30 June 2011, compty with section 3O0A of the Corporations Act 2W.
• 1. Given the sma[[ size of the company, there is no requirement for a Chief Executive Officer and a Chief Financiat Officer. A director of the company has signed the dectarations on behatf of the Board of Directors.

This dectaration is made in accordance with a resotution of the Board of Directors.

Director

Dated this 29th day of September 2011 Metbourne

Fax: *6'1 3 8320 2200 www.bdo.com.au

The Riatlo, 525 Co[ins St Melbourne VIC 1000 GPO Box 4736 Melbourrre VtC 1001 rlustraIia

Independent Auditor's Report to the Alembers of Atech Hotdings Limited

We have audited the accomPanying financial report of Atech Holdings Limited, which comprises the consotidated statement of financiat position as at 30 June 2011, the consolidated statement of comprehensive income, the consotidated statement of changes in equity and the consotidated statement of cash ftows for the year then ended, notes comprising a summary of significant accounting poticies and other exptanatory information, and the directors' decl,aration of the company and the consotidated entity comprising the disctosing entity and the entities it controtted at the year's end or from time to time during the financial year.

Directors' Responsibility for the Financial Report

The directors of the disclosing entity are responsibte for the preparation of the financiat report that gives a true and fair view in accordance with Austratian Accounting Standards and the Corporations Act 2001 and for such internal control as the directors determine is necessary to enabte the preparation of the financiat report that is free from material misstatement, whether due to fraud or error. In Note 1, the directors atso state, in accordance with Accounting Standard 44SB 101 Presentation of Financial Statements, that the financial statements compty with lnte rnational Financial Reporti ng Standards.

Auditor's Responsibi lty

Our responsibility is to express an opinion on the financiat report based on our audit. We conducted our audit in accordance with Australian Auditing Standards. Those standards require that we comp1y with relevant ethical requirements relating to audit engagements and ptan and perform the audit to obtain reasonabte assurance whether the financiat report is free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disctosures in the financial report. The procedures setected depend on the auditor's judgement, inctuding the assessment of the risks of material misstatement of the financiat report, whether due to fraud or error. In making those risk assessments, the auditor considers internat control retevant to the entity's preparation of the financiat report that gives a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal controt. An audit atso includes evatuating the appropriateness of accounting poticies used and the reasonableness of accounting estimates made by the directors, as well as evatuating the overall presentation of the financial report.

We betieve that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

8DO Audit {NSW-VICt Ptv Ltd rrBtl 17 it4 671 540

BDO i5 the brand nanre for the BDO lrrterrationnt :retp/orh ctrtd fo: each of the SDO Member Firrns.

8DO iil Au5Lratia i5 a iidti0ndt d5s0cidLiofi 0f separdte entities {earh 0f wh}ft naj app0inted EDO (Austtatief Linlt€d AtN 050 1 10 275 rn represenr rr rri B00|dternat!onall,LiabitityofeachAUstldtiar.|et]tityisli|nitedbyasL[|€']re O,ltisstor'ls of financiat service! {itpn3ee!.

lndependence

f n conducting our audit, we have comptied with the independence requirements of the Corp orations Act 2N1. We confirm that the independence declaration required by the Corporations Act ZWt, which has been given to the directors of Atech Hotdings Limited, woutd be in the same terms if given to the directors at the time that this auditor's report.

Opinion

In our opinion:

• (a) the financiat report of Atech Hotdings Limited is in accordance with the Corprations Act 2001, inctuding:
• (i) giving a true and fair view of the disctosing entity and consotidated entity,s financiat positions as at 30 June 2011and of their performance for the year ended on that date; and
• (ii) comptying with Austratian Accounting Standards and the Corporations Regulations 2401.
• (b) the financial report atso compties with lnternational Financial Reporting Standardsas disctosed in Note 1.

Report on the Remuneration Report

We have audited the Remuneration Report included in page 7 to 8 of the directors' report for the year ended 30 June 2011. The directors of the company are responsibte for the preparation and presentation of the Remuneration Report in accordance with section 3O0A of the Corporations Act 2001. Our responsibitity is to express an opinion on the Remuneration Report, based on our audit conducted in accordance with Austratian Auditing standards.

Opinion

f n our opinion, the Remuneration Report of Atech Hotdings Limited for the year ended 30 June 2011, compties with section 300A of the Corporotions Act 2nl.

000

BDO Audit (NSw-VlC) Pty Ltd

Justin Owen

Director

Metbourne, 29th September 2011

ATECH HOLDINGS LIMITED AND ITS SUBSIDIAR]ES FOR THE YEAR ENDED 30 JUNE 2O11

ADDITIONAL INFORAAATION

1. Sharehotding

(a) Distribution of Shareholder numbers Analysis of numbers of equity security holders by size of holding:

Category (size of holding)	Class of equity security
1_1,000	367
1,001-5,000	rc6
5.001-10,000	8
10,001-100,000	360
100,001 - over	15

The number of sharehotdings hetd with tess than marketable parcets is 496.

(b) Equity security holders

The names of the substantiat sharehotders tisted in the parent entity's register as at 30 June 2011 are as betow. Due to the suspension of the company from the Austratian Stock Exchange, detaits have not been provided as at a date not eartier than six weeks from the date of issue of the financiat report.

The names of the twenty targest holders of quoted equity securities are listed below:

	Name	Number held	Ordinary Shares % of issued shares
1	Shane Peter	3,694,211	16.50
2	Copper Ridge PL	3,272,454	14.66
3	Ridwan Bin Abd Rahman	2,912,000	13.04
4	Mohd Nadzir Bin Mahmud	2,631,579	11.79
5	Tuan Tong Tan	950,000	4.26
6	Tan Sri Dato Tatha Bin Hashim	675,000	3.O2
7	Orow Nabil,	551,950	2.47
8	Cheng Tong Witfred Choo	527,991	2.37
9	Choi Man Kay	500,000	2.24
	10 Jade Tower Limited	499,210	2.19
	11 Atan Chui	420,000	1.88
	12 Richard Ng Keok Seng	202,OOO	0.90
	13 Kwee Beng Lim	151,493	0.68
	14 Kian Meng Chua	150,000	0.67
	15 Reynotd Fang	150,000	0.67
	16 Puan Sridatin Miti Aishah	100,000	0.45
	17 Wee Loke Tang	100,000	0.45
	18 Nettie Chui	gg,75g	0.40
	19 Seah Yeak Khiam	99,000	0.39
	20 Yong Cheng Wai	79,000	0.35
		17 J23,526	79.38

ATECH HOLDINGS Lil,tITED AND ITS SUBSIDIARIES FOR THE YEAR ENDED 30 JUNE 2011

ADDTTTONAL TNFOR ,IATTON (CONT'D)

1. Sharehotding

(c) Substantial holders

substantial hotders in the company are set out below:

Sharehotder	Number
Shane Peter	3,694,211	%
Copper Ridge PL	3,272,454	16.50 14.66
Ridwan Bin Abd Rahman	2,912,000	13.04
Mohd Nadzir Bin Mahmud	2,631,579	11.79

1. The name of the company secretary is Mr. George Karafotias.

2. The address of the principat registered office in Australia:

101 Rathdowne St Cartton Vic 3205

1. Register of securities is hetd at the fottowing address:

Security Transfer Registrars pty Ltd 770 Canning Highway Apptecross WA 6153