FIRST AU LIMITED — Interim / Quarterly Report 2016

Aug 29, 2016

Public Holdings (Australia) Limited A.B.N. 65 000 332 918

Interim Financial Report For the Half-Year Ended 30 June 2016

The interim financial report does not include all the notes of the type normally included in an annual financial report. This report is to be read in conjunction with the annual report for the year ended 31 December 2015.

Public Holdings (Australia) Limited

A.B.N 65 000 332 918

Appendix 4D

For the Half-Year Ended 30 June 2016

• 1 Reporting period: Six months ended 30 June 2016. Previous corresponding period: Six months ended 30 June 2015.

2 Results for announcement to the market:

• 2.1 Revenue from ordinary activities for the reporting period was $10,937 previous reporting period $2,527, a movement of $8,410 or 332.8% increase.

• 2.2 Loss from ordinary activities after tax attributable to members for the reporting period was $172,135, previous reporting period loss of $61,560, a movement of $110,575 or 179.6% increase.

• 2.3 Net loss attributable to members for the reporting period was $172,135, previous reporting period loss of $61,560, a movement of $110,575 or 179.6% increase.

• 2.4 It is proposed not to pay dividends for the period ended 30 June 2016.

• 2.5 Not applicable.

• 2.6 Please refer to the Interim Financial Report for the Half Year ended 30 June 2016 for further explanations of the figures presented at 2.1 - 2.4 above.

3 Net tangible assets per share:

Current Period Previous Corresponding Period Net tangible assets per share: $0.010 $0.006

4 Control gained or lost over entities during the period, and those having material effect:

No entities were acquired or disposed of during the period.

5 Dividend details:

No dividend has been recommended in respect of the period ended 30 June 2016 (2015: Nil).

6 Dividend or distribution reinvestment plan details:

Not applicable.

7 Investments in associates and joint ventures:

No investments in associates and joint ventures are held by the Company.

8 Foreign entities:

Not applicable.

9 Audit dispute or qualification:

The interim financial statements for the period ended 30 June 2016 have no audit dispute or qualification.

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Public Holdings (Australia) Limited A.B.N 65 000 332 918

Company Particulars

Directors:

Bryan Frost - Chairman and Managing Director Oreste Biziak - Deputy Chairman Peter Chapman Clayton Dodd

Company Secretary:

David McBain Level 1, 123 Whitehorse Road, Balwyn, Victoria, 3103

Auditors:

McLean Delmo Bentleys Audit Pty Ltd Level 3, 302 Burwood Road, Hawthorn, Victoria, 3122

External Accountants:

McBain McCartin & Co Business Services Pty Ltd Level 1, 123 Whitehorse Road, Balwyn, Victoria, 3103 Telephone(03) 9817 0700 Fax: (03) 9817 0799

Share Registry:

Link Market Services Limited Level 1, 333 Collins Street, Melbourne, Victoria, 3000 Telephone: (03) 9615 9800 Fax: (03) 8614 2903 Free call: 1300 554 474

Stock Exchange:

Listed on the Australian Securities Exchange

Registered Office:

Level 1, 123 Whitehorse Road, Balwyn, Victoria, 3103 Telephone: (03) 9817 0700 Fax: (03) 9817 0799 Email: dmcbain@mcbainmccartin.com.au

Principal Place of Business:

At the offices of McBain McCartin & Co Business Services Pty Ltd Level 1, 123 Whitehorse Road, Balwyn, Victoria, 3103

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Public Holdings (Australia) Limited A.B.N 65 000 332 918

Statement of Profit or Loss and Other Comprehensive Income

For the Half-Year Ended 30 June 2016

Note Revenue Administration expenses Loss before income tax Income tax expense 2 Other comprehensive loss Total comprehensive loss for the period Net loss attributable to: - members of the Company Total comprehensive loss attributable to: - members of the Company (Loss)/earnings per share Basic (loss)/earnings per share (cents) 6 Diluted (loss)/earnings per share (cents) 6 Items that will be reclassified subsequently to profit or loss when specific conditions are met: Net loss for the period Net loss on revaluation of available-for-sale financial assets Other comprehensive loss for the period	Half-year Ended 30 June 2016 $ 10,937 (183,072)	Half-year Ended 30 June 2015 $ 2,527 (64,087)
	(172,135) -	(61,560) -
	(172,135)	(61,560)
	-	-
	- (172,135)	- (61,560)
	(172,135)	(61,560)
	(172,135)	(61,560)
	(0.55) (0.55)	(0.23) (0.23)

The accompanying notes form part of these financial statements. These statements should be read in conjunction with the 31 December 2015 annual report.

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Public Holdings (Australia) Limited A.B.N 65 000 332 918

Statement of Financial Position

As at 30 June 2016

Note ASSETS CURRENT ASSETS Cash and cash equivalents Trade and other receivables TOTAL CURRENT ASSETS TOTAL NON-CURRENT ASSETS TOTAL ASSETS LIABILITIES CURRENT LIABILITIES Trade and other payables TOTAL CURRENT LIABILITIES AND TOTAL LIABILITIES NET ASSETS EQUITY Issued capital 1(c)(ii) Accumulated losses TOTAL EQUITY	30 June 2016 $ 369,478 26,536	31 Dec 2015 $ 176,997 1,336
	396,014	178,333
	-	-
	396,014	178,333
	13,315	10,499
	13,315	10,499
	382,699	167,834
	1,540,136 (1,157,437)	1,153,136 (985,302)
	382,699	167,834

The accompanying notes form part of these financial statements.

These statements should be read in conjunction with the 31 December 2015 annual report.

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Public Holdings (Australia) Limited A.B.N 65 000 332 918

Statement of Changes in Equity For the Half-Year Ended 30 June 2016

Note Balance at 1 January 2015 Net loss for the period Total comprehensive loss for the period Balance at 30 June 2015 Balance at 1 January 2016 1(c)(ii) Total comprehensive loss for the period Balance at 30 June 2016 Issue of shares on 17 February 2015 pursuant to non-renounceable rights issue of 1 new share for every share held Capital raising expense of private placement Net loss for the period Shares issued as consideration for services rendered Placement of 6,500,000 shares on 10 June 2016 Capital raising expenses of non-renounceable rights issue	Share Capital Accumulated Losses $ $ 876,812 (725,290)	Total $ 151,522
	- (61,560) 299,580 - (35,006) - 10,000 -	(61,560) 299,580 (35,006) 10,000
	274,574 (61,560)	213,014
	1,151,386 (786,850)	364,536
	1,153,136 (985,302)	167,834
	- (172,135) 390,000 - (3,000) -	(172,135) 390,000 (3,000)
	387,000 (172,135)	214,865
	1,540,136 (1,157,437)	382,699

The accompanying notes form part of these financial statements. These statements should be read in conjunction with the 31 December 2015 annual report.

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Public Holdings (Australia) Limited A.B.N 65 000 332 918

Statement of Cash Flows

For the Half-Year Ended 30 June 2016

CASH FLOWS FROM OPERATING ACTIVITIES Payments to suppliers and employees Dividends received Interest received GST received from ATO Net cash used in operating activities CASH FLOWS FROM FINANCING ACTIVITIES Net (decrease)/ increase in cash Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Placement of 6,500,000 shares on 10 June 2016 Capital raising expense of share placement Net cash provided by financing activities Capital raising expenses of non-renounceable rights issue CASH FLOWS FROM INVESTING ACTIVITIES Non-renounceable pro-rata Rights Issue of 1 new share for every 1 share held at an issue price of 2 cents ($0.02) for each share	Half-year Ended 30 June 2016 $ (198,603) - 937 3,147	Half-year Ended 30 June 2015 $ (56,952) - 2,527 5,858
	(194,519)	(48,567)
	-	-
	- - 390,000 (3,000)	299,580 (35,006) - -
	387,000	264,574
	192,481 176,997	216,007 158,080
	369,478	374,087

The accompanying notes form part of these financial statements.

These statements should be read in conjunction with the 31 December 2015 annual report.

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Public Holdings (Australia) Limited A.B.N 65 000 332 918

Notes to the Financial Statements For the Half-Year Ended 30 June 2016

1 Summary of Significant Accounting Policies:

(a) Basis of Preparation:

These general purpose interim financial statements for the half-year reporting period ended 30 June 2016 have been prepared in accordance with requirements of the Corporations Act 2001 and Australian Accounting Standard AASB 134: Interim Financial Reporting . The Company is a for-profit entity for financial reporting purposes under Australian Accounting Standards.

This interim financial report is intended to provide users with an update on the latest annual financial statements of Public Holdings (Australia) Limited ("The Company”). As such, it does not contain information that represents relatively insignificant changes occurring during the half-year within the Company. It is therefore recommended that this financial report be read in conjunction with the annual financial statements of the Company for the year ended 31 December 2015, together with any public announcements made during the following half-year.

These interim financial statements were authorised for issue on 25 August 2016.

(b) Accounting Policies:

The same accounting policies and methods of computation have been followed in this interim financial report as were applied in the most recent annual financial statements.

The Company has considered the implications of new or amended Accounting Standards, but determined that their application to the financial statement is either not relevant or not material.

(c) Going Concern:

The financial statements have been prepared on a going concern basis, which contemplates the continuation of normal business operations and realisation of assets and settlement of liabilities in normal course of business. The Directors have considered and noted the following with regard to the ability at the Company to continue as a going concern:

• (c)(i) An announcement was made to the ASX on 27 July 2016 announcing both the Company and Mobilicom Limited ('Mobilicom'), an Israeli domiciled company had completed preliminary due diligence investigations, the purposes of which was to assess the feasibility and suitability of the proposed acquisition of Mobilicom by the Company. The Company and Mobilicom have each elected to proceed with the transaction.

• (c)(ii) The Company issued an additional 6,500,000 ordinary shares on 10 June 2016 at an issue price of 6 cents ($0.06) each. This issue was undertaken by a private placement under the Company's power to issue securities under the listing rules of the ASX (specifically, ASX Listing Rules 7.1 and 7.1A). This placement of shares raised $387,000 after costs and was principally for the purposes of providing working capital to fund the costs associated with implementation of the proposed acquisition of Mobilicom.

On the basis of these factors, the Directors believe that the going concern basis of preparation of the financial statements is appropriate and the Company will be able to repay its debts as and when they fall due.

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Public Holdings (Australia) Limited A.B.N 65 000 332 918

Notes to the Financial Statements For the Half-Year Ended 30 June 2016

		Half-year	Half-year	Half-year
		30 June	30 June
		2016		2015
2	Net loss for the Period:	$		$
	The following revenue and expense items are relevant in explaining the
	financial performance for the interim period:
	Revenue includes $10,000 recognised as amount receivable from Your	10,000		-
	Dash. Refer Note 7(b).
	Expenses:
	Director's fee - ordinary shares in lieu of salary for services rendered.	-		5,000
	Consultancy fee - paid in accordance with ASX Market Announcement	100,000		-
	dated 6 June 2016.
3	Dividends:
	No dividends have been paid or declared since the start of the financial
	period.
4	Contingent Liabilities and Capital Commitments:
	The Company has no material contingent liabilities and capital
	commitments.
5	Operating Segments:
	Segment Information: The Company operates in one business and
	geographical segment, which is investing in securities in Australia.
6	(Loss)/Earnings Per Share:
	Basic (loss)/earnings per share (cents per share).	(0.55)		(0.23)
	Diluted (loss)/earnings per share (cents per share).	(0.55)		(0.23)
	Weighted average number of ordinary shares outstanding	31,180,222	26,205,150
	during the half-year used in calculation of basic and diluted
	EPS.
	Total number of issued shares at 30 June. Refer Note 1(c)(ii).	36,958,000	30,458,000
7	Events occurring after the reporting period:
(a)	The Directors announced to the ASX on 6 June 2016 the proposed acquisition of Mobilicom Limited
	('Mobilicom'), an Israeli domiciled company A subsequent announcement was made to the ASX on 27
	July 2016 announcing both the Company and Mobilicom had completed	preliminary	due	diligence
	investigations, the purposes of which was to assess the feasibility and suitability of		the	proposed
	transaction. Each have elected to proceed with the transaction.
(b)	In accordance with a Terms Sheet entered into on 29 July 2015 between the Company and Your Dash
	Pty Ltd ('Your Dash'), the Company advanced Your Dash a loan of $100,000.	The Terms Sheet		was
	terminated on 10 September 2015 and the loan repayable within six months of that date which did not
	occur. At 31 December 2015, a provision for diminution was raised in the financial statements.
	Subsequent to 30 June 2016, a Deed of Release and Settlement has been signed between the
	Company and Your Dash whereby an amount of $10,000 will be paid by Your	Dash to the Company.
	The amount of $10,000 has been reflected in the financial statements as a loan receivable.

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