POINTERRA LIMITED — Annual Report 2010

Aug 30, 2010

Appendix 4E

PRELIMINARY FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2010

SOIL SUB TECHNOLOGIES LIMITED ABN 39 078 388 155

1. Company details

Soil Sub Technologies Limited

ABN or equivalent company reference 39 078 388 155	Financial year ended (‘current period’) 30 June 2010	Financial year ended (‘previous period’)
39 078 388 155	30 June 2010	30 June 2009

2.	Results for announcement to the market
2.1.	Revenue From Nil to 9,801
2.2.	Profit (loss) after tax Up 119% to 5,524,380
2.3.	Net profit (loss) for the period attributable to members Up 119% to 5,524,380
2.4.	Dividends
	It is not proposed to pay dividends.
2.5.	Record date for determining entitlements to the final dividend. N/A
2.6.	Brief explanation of any of the figures in 2.1 to 2.4 above necessary to enable the figures to be
	understood.
	From the 01 June 2009 until the 01 April 2010 the Company was under voluntary administration. As a result of the
	company being released from administration the Deed of Company Arrangement (“DOCA”) was executed and
	control of the Company reverted back to the Board of Directors. The Company was successfully reinstated on the
	Australian Securities Exchange (“ASX”) on the 21 April 2010.
	The transactions that took place as a result of the DOCA included the following:
	(a) Consolidate existing capital on a 1 for 5 basis such that the 89,564,434 ordinary shares on issue when the
	Company was placed in administration will be consolidated to 17,912,887 ordinary shares;
	(b) Reduction of capital by applying an amount being the portion of the accumulated losses of the Company
	against the share capital which is considered permanently lost;
	(c) Issue of 100,000,000 ordinary shares at an issue price of $0.001 (0.1 cent) each pursuant to the Prospectus
	to raise $100,000. This issue will be made as 73,500,000 to Trident Capital or its nominees and 26,500,000
	to Directors.
	(d) Issue of 250,000,000 ordinary shares at an issue price of $0.01 (1 cent) each pursuant to the Prospectus to
	raise $2,500,000;
	(e) The payment of $515,000 to the Creditors Trust thus effectuating the DOCA and Reconstruction Deed with
	the Administrator;
	(f) Forgiveness of all Creditors Claims against the company under the DOCA; and
	(g) The payment of expenses of the Prospectus totalling an estimated $500,000 and expensed against equity.
	Therefore in the current year the profit position is due to the effect of a gain from the forgiveness of creditors as a
	result of the DOCA.

SOIL SUB TECHNOLOGIES LIMITED ABN 39 078 388 155

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Appendix 4E

PRELIMINARY FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2010

3. Statement of Comprehensive Income

3. Statement of Comprehensive Income
	Note	Company 2010 $*	Group 2009 $
Revenue Other income Finance costs Depreciation and amortisation expense Employee benefits expense Directors Fees Accounting and administration Consulting and contracting cost Impairment (expense) / reversal Write off of assets Administrators expense Travel and accommodation Compliance and regulatory Bad debts expense Payment to Creditors Trust Other expenses from ordinary activities Profit/ (Loss) before income tax expense Income tax expense Net loss for the year Other comprehensive income Total comprehensive income	3.1	9,801 7,184,480 (564,898) (25,000) - (84,700) (51,650) (38,500) - - (265,708) - (54,607) - (515,000) (69,838)	- - (488,836) (25,000) (183,219) - (89,731) (224,120) (1,367,814) (24,776,234) - (100,049) - (711,625) - (183,348)
		5,524,380 -	(818,010)
		5,524,380 - 5,524,380	(28,967,986) - (28,967,986)
Basic earnings /(loss) per share		0.06	(0.32)

• The subsidiary of Soil Sub Technologies, Nutrimix Distribution was deregistered in 2010 refer to 10.1 for additional information.

Notes to the Statement of Comprehensive Income

3.1 Other Income Debt forgiveness pursuant to settlement of a Deed of Company Arrangement (“DOCA”) Total Other Income	Note	Company 2010 $ 7,184,480	Group 2009 $ -
		7,184,480	-

SOIL SUB TECHNOLOGIES LIMITED ABN 39 078 388 155

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Appendix 4E

PRELIMINARY FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2010

4. Statement of Financial Position

4. Statement of Financial Position
	Note	Company 2010 $	Group 2009 $
CURRENT ASSETS Cash and cash equivalents Trade and other receivables		1,447,308 -	321 531
TOTAL CURRENT ASSETS		1,447,308	852
NON CURRENT ASSETS Trade and other receivables Property, plant and equipment Intangible Assets TOTAL NON CURRENT ASSETS TOTAL ASSETS		20,080 - 250,000	- 72,594 275,000
		270,080	347,594
		1,717,388	348,446
CURRENT LIABILITIES Trade and other payables Financial liabilities Short–term provisions TOTAL CURRENT LIABILITIES NON-CURRENT LIABILITIES Financial liabilities TOTAL NON-CURRENT LIABILITIES TOTAL LIABILITIES NET ASSETS/(DEFICIENCY)		30,750 - -	566,903 487,846 8,365
		30,750	1,063,114
		-	5,285,193
		-	5,285,193
		30,750	6,348,307
		1,686,638	(5,999,861)
EQUITY Issued capital Accumulated losses TOTAL EQUITY		2,162,119 (475,481)	28,684,679 (34,684,540)
		1,686,638	(5,999,861)

SOIL SUB TECHNOLOGIES LIMITED ABN 39 078 388 155

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Appendix 4E

PRELIMINARY FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2010

5. Statement of Cash Flows

5. Statement of Cash Flows
	Note	Company 2010 $	Group 2009 $
CASH FLOWS FROM OPERATING ACTIVITIES Payments to suppliers and employees Payments to creditor trust Interest received		(209,933) (515,000) 9,801	(984,588) - -
Net Cash Used In Operating Activities		(715,132)	(984,588)
CASH FLOW FROM INVESTING ACTIVITIES Purchase of property, plant and equipment Net Cash Used In Investing Activities CASH FLOW FROM FINANCING ACTIVITIES Proceeds from Issue of Shares Proceeds from borrowings Proceeds from oversubscriptions Return proceeds from oversubscriptions Payment of share issue costs		-	(10,485)
		-	(10,485)
		2,600,000 - 241,749 (241,749) (437,881)	130,000 1,304,091 - -
Net Cash Provided By Financing Activities		2,162,119	1,434,091
Net increase/(decrease) in cash held Cash and Cash Equivalents at beginning of financial year Cash and Cash Equivalents at end of financialyear		1,446,987 321	439,018 (438,697)
		1,447,308	321

SOIL SUB TECHNOLOGIES LIMITED ABN 39 078 388 155

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Appendix 4E

PRELIMINARY FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2010

6. Individual and Total Dividends Per Security

	Date dividend is payable	Amount per security	Franked amount per security at 30% tax	Amount per security of foreign source dividend
Final dividend: Current year Previousyear	Nil Nil	Nil Nil	Nil Nil	Nil Nil
Interim dividend: Current year Previousyear	Nil Nil	Nil Nil	Nil Nil	Nil Nil
Total: Current year Previousyear	Nil Nil	Nil Nil	Nil Nil	Nil Nil

7. Dividend Reinvestment Plans

The company does not have a dividend reinvestment plan.

SOIL SUB TECHNOLOGIES LIMITED ABN 39 078 388 155

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Appendix 4E

PRELIMINARY FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2010

8. Statement of Changes in Equity

8. Statement of Changes in Equity
	Issued Capital	Accumulated Losses	Option Reserve	Total
Group BALANCE AT 1 JULY 2008 Loss for the year Other comprehensive income Total comprehensive income for the year Transactions with owners, directly in equity Issue of share capital Options exercised SUB-TOTAL BALANCE AT 30 JUNE 2009	28,431,597 - -	(5,716,554) (28,967,986) -	- - -	22,715,043 (28,967,986) -
	- 253,082 -	(28,967,986) - -	- - -	(28,967,986) 253,082 -
	28,684,679	(34,684,540)	-	(5,999,861)
	28,684,679	(34,684,540)	-	(5,999,861)
Company BALANCE AT 1 JULY 2009 Profit for the year Other comprehensive income Total comprehensive income for the year Transactions with owners, directly in equity Issue of share capital Capital raising costs Reduction of share capital BALANCE AT 30 JUNE 2010	28,684,679 - -	(34,684,540) 5,524,380 -	- - -	(5,999,861) 5,524,380 -
	- 2,600,000 (437,881) (28,684,679)	5,524,380 - - 28,684,679	- - - -	5,524,380 2,600,000 (437,881) -
	2,162,119	(475,481)	-	1,686,638

SOIL SUB TECHNOLOGIES LIMITED ABN 39 078 388 155

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Appendix 4E

PRELIMINARY FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2010

9. NTA backing
	30 June 2010	30 June 2009
Net tangible asset backing per ordinary security	$0.004	$(0.07)

10. Control gained over entities

10. Control gained over entities
Name of entity (or group of entities)	N/A
Date control gained	N/A

10.1. Loss of control over entities

Name of entity (or group of entities)	Nutrimix Pty Ltd
Date control lost	20.06.2010 The company was deregistered.
Contribution of such entities to the reporting entity’s profit/(loss) from ordinary activities during the period (where material).	N/A
Consolidated profit/(loss) from ordinary activities of the controlled entity (or group of entities) whilst controlled during the whole of the previous corresponding period (where material).	N/A

11. Details of associates and joint venture entities

There are no associates or joint venture entities.

12. Commentary on results for the period

The activities of the Company during the financial year were limited due to the Company being in voluntary administration, however the Company was successfully recapitalised and reinstated to the ASX in April 2010. The Company intends to concentrate on the domestic Australian market and will be conducting feasibility studies into the further refinement of the Nutrimix product and the domestic distribution of the product.

SOIL SUB TECHNOLOGIES LIMITED ABN 39 078 388 155

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Appendix 4E

PRELIMINARY FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2010

13. Statement of compliance in regards to audit

This report is based on accounts to which one of the following applies.

The accounts have been audited.	The accounts have been subject to review.
	The accounts are in the process of being reviewed.
The accounts are in the process of being audited.	The accounts have not yet been audited or reviewed.

If the accounts have not yet been audited or subject to review and are likely to be subject to dispute or qualification, details are described below.

N/A

If the accounts have been audited or subject to review and are subject to dispute or qualification, details are described below

N/A

Sign here:

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Date: 31 August 2010

Director & Company Secretary

Print name: _Keong Chan_____

SOIL SUB TECHNOLOGIES LIMITED ABN 39 078 388 155

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