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HERAMED LIMITED — Capital/Financing Update 2018
Dec 9, 2018
65062_rns_2018-12-09_4b5cb15e-9869-4443-b5cc-af6050e30ef8.pdf
Capital/Financing Update
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UPDATED PRO FORMA BALANCE SHEET
The following is the pro forma statement of financial position for HeraMED Limited ACN 626 295 314 ( Company ) following the capital raising of $6,000,000 under the prospectus issued by the Company dated 15 October 2018 as modified by a supplementary prospectus dated 23 November 2018 ( Prospectus ). Please note that the following amounts are in US dollars.
| HeraMed HeraMED Israel | HeraMed HeraMED Israel | |||||
|---|---|---|---|---|---|---|
| Audited as at Reviewed as at | Subsequent | Pro-forma | Pro-forma | |||
| 30-Jun-18 | 30-Jun-18 | events | adjustments | after issue | ||
| Notes | $000 USD | $000 USD | $000 USD | $000 USD | $000 USD | |
| CURRENT ASSETS | ||||||
| Cash and cash equivalents | 2 | 220 | 1,492 | (7) | 3,527 | 5,231 |
| Other accounts receivable | 3 | 2 | 475 | (454) | - | 23 |
| Loan receivable | 4 | 1,348 | - | (1,348) | - | - |
| Inventories | - | 58 | - | - | 58 | |
| TOTAL CURRENT ASSETS | 1,570 | 2,025 | (1,809) | 3,527 | 5,312 | |
| NON CURRENT ASSETS | ||||||
| Property plant & equipment | - | 14 | - | - | 14 | |
| Intangible assets | - | 1,266 | - | - | 1,266 | |
| TOTAL NON CURRENT ASSETS |
- | 1,280 | - | - | 1,280 | |
| 1,570 | 3,305 | (1,809) | 3,527 | 6,592 | ||
| TOTAL ASSETS | ||||||
| CURRENT LIABILITIES | ||||||
| Trade accounts payable | 5 | 51 | - | - | 56 | |
| Other accountspayable | 5 | - | 465 | (105) | - | 360 |
| Convertible loans | 6 | - | 1,592 | (1,592) | - | - |
| Loan from related partyTOTAL |
7 | - | 148 | - | (148) | - |
| CURRENT LIABILITIES | 5 | 2,256 | (1,697) | (148) | 416 | |
| NON CURRENT LIABILITIES | ||||||
| Loan from relatedparty | - | 147 | - | - | 147 | |
| Liability for royalties | - | 485 | - | - | 485 | |
| TOTAL NON CURRENT LIABILITIES | - | 632 | - | - | 632 | |
| TOTAL LIABILITIES | 5 | 2,888 | (1,697) | (148) | 1,048 | |
| NET ASSETS/(LIABILITIES) | 1,565 | 417 | (112) | 3,675 | 5,544 | |
| EQUITY | ||||||
| Ordinary share capital | 8 | - | - | - | 6,095 | 6,095 |
| Series A preferred shares | - | - | - | - | - | |
| Additional paid in capital | - | 3,553 | - | - | 3,553 | |
| Reserves | 9 | - | 859 | - | 1,152 | 2,011 |
| Accumulated losses | 10 | (25) | (3,995) | - | (2,095) | (6,115) |
| Convertible notes | 11 | 1,590 | - | (112) | (1,478) | - |
| TOTAL EQUITY | 1,565 | 417 | (112) | 3,675 | 5,544 | |
The statement of financial position is to be read in conjunction with the notes to and forming part of the historical financial information set out in Appendix 3 and the prior year financial period information set out in Appendix 4 of the Independent Accountant’s Report in the Prospectus.
HeraMED Limited ACN 626 295 314 T: +61 8 6189 1155 | A: Level 2, 46-50 Kings Park Road, West Perth WA 6005