POINTERRA LIMITED — Annual Report 2011

Aug 30, 2011

Appendix 4E

PRELIMINARY FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2011

SOIL SUB TECHNOLOGIES LIMITED ABN 39 078 388 155

1. Company details

Soil Sub Technologies Limited

ABN or equivalent company reference Financial year ended (‘current period’) 39 078 388 155 30 June 2011 2. Results for announcement to the market	Financial year ended (‘previous period’)
	30 June 2010
2.1. Revenue From 2.2. Loss after tax Down 2.3. Net loss for the period attributable to members Down	$9,801 to $31,236 793% to $(735,510) 793% to $(735,510)
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. The Company has been actively assessing the Nutrimix and soil substitute technologies as its principal activity. In April 2011, the Company entered into an option agreement to perform due diligence on the Tasinifu project in West Timor,Indonesia.

3. Statement of Comprehensive Income

3. Statement of Comprehensive Income
	Note	Company 2011 $	Company 2010 $
Revenue Other income Finance costs Depreciation and amortisation expense Employee benefits expense Directors Fees Accounting and administration	3.1	31,236 1,538 - (25,000) -	9,801 7,184,480 (564,898) (25,000) -
		(134,000) (28,950)	(84,700) (51,650)

SOIL SUB TECHNOLOGIES LIMITED ABN 39 078 388 155

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Appendix 4E

PRELIMINARY FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2011

	Note	Company 2011 $	Company 2010 $
Consulting and contracting cost Administrators expense Travel and accommodation Compliance and regulatory Payment to Creditors Trust Other expenses from ordinary activities Profit/ (Loss) before income tax expense Income tax expense Net profit/(loss) for the year Other comprehensive income Total comprehensive income		(283,633) - (23,148) (36,479) - (237,074)	(38,500) (265,708) - (54,607) (515,000) (69,838)
		(735,510) -	5,524,380 -
		(735,510) - (735,510)	5,524,380 - 5,524,380
Basic earnings /(loss) per share		(0.002)	0.06

Notes to the Statement of Comprehensive Income

3.1 Other Income Debt forgiveness pursuant to settlement of a Deed of Company Arrangement (“DOCA”) Refund of tax from ATO Total Other Income	Note	Company 2011 $ - 1,538	Company 2010 $ 7,184,480 -
		1,538	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 2011

4. Statement of Financial Position

4. Statement of Financial Position
	Note	Company 2011 $	Company 2010 $
CURRENT ASSETS Cash and cash equivalents Trade and other receivables Project costs TOTAL CURRENT ASSETS		783,303 31,451 42,267	1,447,308 20,080 -
		857,021	1,467,388
NON CURRENT ASSETS Intangible Assets TOTAL NON CURRENT ASSETS TOTAL ASSETS		225,000	250,000
		225,000	250,000
		1,082,021	1,717,388
CURRENT LIABILITIES Trade and other payables Short–term provisions TOTAL CURRENT LIABILITIES TOTAL LIABILITIES NET ASSETS/(DEFICIENCY)		92,296 38,597	30,750 -
		130,893	30,750
		130,893	30,750
		951,128	1,686,638
EQUITY Issued capital Accumulated losses TOTAL EQUITY		2,162,119 (1,210,991)	2,162,119 (475,481)
		951,128	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 2011

5. Statement of Cash Flows

5. Statement of Cash Flows
	Note	Company 2011 $	Company 2010 $
CASH FLOWS FROM OPERATING ACTIVITIES Payments to suppliers and employees Payments to creditor trust Interest received		(662,974) - 31,236	(209,933) (515,000) 9,801
Net Cash Used In Operating Activities		(631,738)	(715,132)
CASH FLOW FROM INVESTING ACTIVITIES Capitalised business costs & project costs Net Cash Used In Investing Activities CASH FLOW FROM FINANCING ACTIVITIES Proceeds from issue of shares Proceeds from oversubscriptions Return proceeds from oversubscriptions Payment of share issue costs		(42,267)	-
		(42,267)	-
		- - 10,000 -	2,600,000 241,749 (241,749) (437,881)
Net Cash Provided By Financing Activities		10,000	2,162,119
Net increase/(decrease) in cash held Cash and Cash Equivalents at beginning of financial year Cash and Cash Equivalents at end of financialyear		(664,005) 1,447,308	1,446,987 321
		783,303	1,447,308

SOIL SUB TECHNOLOGIES LIMITED ABN 39 078 388 155

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Appendix 4E

PRELIMINARY FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2011

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.

8. Statement of Changes in Equity

8. Statement of Changes in Equity
	Issued Capital $	Accumulated Losses $	Total $
Company BALANCE AT 1 JULY 2010 (Loss) for the year Total comprehensive income for the year Transactions with owners, directly in equity Other transactions BALANCE AT 30 JUNE 2011	2,162,119 -	(475,481) (735,510)	1,686,638 (735,510)
	- -	(735,510) -	(735,510) -
	2,162,119	(1,210,991)	951,128

SOIL SUB TECHNOLOGIES LIMITED ABN 39 078 388 155

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Appendix 4E

PRELIMINARY FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2011

9. NTA backing

9. NTA backing
	30 June 2011	30 June 2010
Net tangible asset backing per ordinary security	$0.002	$0.004

10. Details of associates and joint venture entities

There are no associates or joint venture entities.

11. Commentary on results for the period

During the year, the Company’s consultants have been trialling raw inputs to ascertain the composting time frame required to produce soil supplements, potting mixes and potentially a low cost organic fertiliser as part of the newly developed range of Nutrimix products.

Some 24 treatments have been established using the organic waste material from several agricultural industries and based on analysis of nutrients, combinations of these wastes form the basis of the materials tested during the trials.

The initial visual changes observed by the testing team appear to be very encouraging as the compost treatments are rolled over to accelerate the breakdown of raw material into a finer component.

The waste materials chosen for these trials are those that are readily available adjacent to all major rural centres around Australia to enable any future manufacturing facility to be established close to source supply thereby minimising freight. This selective and simple approach to logistics will enhance the potential future manufacturing and sale of Nutrimix products and improve the potential franchising/ licensing opportunities in these centres.

During the trials special additives are also being used to augment some treatments to ascertain the changes in nutrient values when developing a product to meet the needs of different soil types.

The Company is also assessing the application of IEM (waste to clean food) waste technologies using alternative sub strait material for Nutrimix and will inform the market further as this progresses.

The Company commenced and is continuing to perform due diligence on the Tasinifu Manganese Project and assessing other manganese projects in the West Timor area.

SOIL SUB TECHNOLOGIES LIMITED ABN 39 078 388 155

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Appendix 4E

PRELIMINARY FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2011

12. 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.

The accounts have not yet been audited and are subject to dispute or qualification, details are described below.

Auditors expect to issue the following qualification:

The Company has recorded intangible assets related to Licences and Patents with a carrying value of $225,000 which relates to the Company’s Nutrimix products which can be used as a soil substitute. The reasonableness of the carrying value of intangibles is intrinsically linked to the continued operation of the Company into the future and primarily dependent on the economic benefits associated with these assets being realised. Should the Company be able to successfully commercialise this product and derive a sufficient level of income, then the carrying value of the asset may be supported. However, at the date of my report and as a natural consequence of the current trailing phase of the Nutrimix products, the eventual outcome of these events remains uncertain and insufficient evidence is currently available to support the Company’s assessment of the carrying value of these assets.

Sign here:

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Date: 31 August 2011

Executive Chairman

Print name: _Guy T Le Page __

SOIL SUB TECHNOLOGIES LIMITED ABN 39 078 388 155

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