INVESTSMART GROUP LIMITED — Earnings Release 2015

Sep 15, 2015

Australasian
Wealth
Investments
Limited ACN
111
772
359 Level
2, 122
Pitt
Street, SYDNEY,
NSW,
2000

==> picture [101 x 43] intentionally omitted <==

PO
Box
Q744, QVB,
NSW,
1230 Telephone:
+61
2
8305
6033 Facsimile:
+61
2
4861
5731

16
September
2015

Attention:
Company
Announcements ASX
Limited

By
E-­‐Lodgement

**AWI

-­‐
ANNUAL
RESULTS
PRESENTATION
2015
-­‐
CORRECTION**

The
Company’s
Annexure
4E
and
Consolidated
Financial
Report
for
the
2015
Financial
Year
and guidance
for
the
2106
Financial
Year
remains
unchanged.

However,
a
clerical
error
in
collating
the
AWI
Annual
Results
Presentation
released
on
1
September 2015
resulted
in
a
number
of
errors
within
the
tables
on
pages
7
and
8
of
the
Annual
Results Presentation.
Those
tables
have
now
been
corrected
and
presented
below.

**Page

7**

The
table
on
page
7
should
read
as
follows:

**Australasian

Wealth
Investments
Limited
Income
Statement**

	Statutory	Consolidated
	2015	2015
Dividend income from subsidiaries	1,350	-
Commission and subscriptions	6,168	11,879
Consulting fees	651	651
Other revenue	246	694
Total Income	8,415	13,224
Employee costs	(3,723)	(5,791)
Commission rebates	(1,205)	(2,457)
Webabout termination	(800)	(800)
Other expenses	(2,447)	(4,048)
Amortisation of intangibles	(562)	(562)
Total expenses	(8,737)	(13,658)
Loss before income tax and write down	(322)	(434)
Write down on van Eyk	(7,490)	(7,490)
Loss before tax for the year	(7,812)	(7,924)

1

Australasian
Wealth
Investments
Limited ACN
111
772
359 Level
2, 122
Pitt
Street, SYDNEY,
NSW,
2000

==> picture [101 x 43] intentionally omitted <==

PO
Box
Q744, QVB,
NSW,
1230

Telephone:
+61
2
8305
6033 Facsimile:
+61
2
4861
5731

**Page

8**

The
table
on
page
8
should
read
as
follows:

**Australasian

Wealth
Investments
Limited
Income
Statement**

	Consolidated	Restructure costs	AWI Funds	AWI Ventures	Normalised
($‘000s)	2015				2015
Commission and subscriptions	11,879				11,879
Consultingfees	651		(364)		287
Other revenue	694			(410)	284
Total Income	13,224				12,450
Employee costs	(5,791)	1,297	382	252	(3,860)
Commission rebates	(2,457)				(2,457)
Webabout termination	(800)	800			-
Other expenses	(4,048)	487	67	269	(3,225)
Total expenses	(13,096)				(9,542)
EBTA and write down	128				2,908

Restructure
costs
include
redundancy
payments
and
removal
of
employee
costs
for
the
year AWI
Funds
and
Ventures
will
have
no
recurring
costs
in
2016 Results
shown
before
amortisation
and
tax
expense

The
Company
apologises
for
any
inconvenience
caused
by
this
error
and
encourages
shareholders
to visit
our
website
(www.awilimited.com)
for
further
information
on
the
Company.

==> picture [148 x 48] intentionally omitted <==

Paul
Clitheroe Executive
Chairman

2