POINTERRA LIMITED — Annual Report 2013

Aug 29, 2013

Appendix 4E

PRELIMINARY FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2013

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 2013 2. Results for announcement to the market	Financial year ended (‘previous period’)
	30 June 2012
2.1. Revenue From 2.2. Loss after tax Up 2.3. Net loss for the period attributable to members Up	$16,751 to $117,260 15% to $(486,680) 15% to $(486,680)
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 placed its Nutrimix technology and associated trialling activities into a step back program performing only required tasks in line with the Company’s cash position. The Company has also been assessing and identifying other investment opportunities however none of these opportunities have progressed to a material stage requiring announcements to the market.

3. Statement of Profit or Loss and Other Comprehensive Income

	Note	Company 2013 $	Company 2012 $
Revenue Other income Depreciation and amortisation expense Directors Fees Accountingand administration	3.1	3,182 114,078 (68,710) (207,500) (42,337)	16,751 - (25,294) (192,000) (22,438)

SOIL SUB TECHNOLOGIES LIMITED ABN 39 078 388 155

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Appendix 4E

PRELIMINARY FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2013

	Note	Company 2013 $	Company 2012 $
Consulting and contracting cost Travel and accommodation Compliance and regulatory Research and Development expense 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		(97,350) (27,970) (39,859) (55,991) (64,223)	(109,800) (10,876) (50,223) 24,646 (55,203)
		(486,680) -	(424,437) -
		(486,680) - (486,680)	(424,437) - (424,437)
Basic lossper share		(0.001)	(0.001)

Notes to the Statement of Profit of Loss and Other Comprehensive Income

3.1 Other Income Research & Development tax offset refund Total Other Income	Note	Company 2013 $ 114,078	Company 2012 $ -
		-	-

4. Statement of Financial Position

4. Statement of Financial Position
	Note	Company 2013 $	Company 2012 $
CURRENT ASSETS Cash and cash equivalents Trade and other receivables Project costs TOTAL CURRENT ASSETS		2,027 6,877 -	204,132 18,026 -
		8,904	222,158
NON CURRENT ASSETS Intangible Assets Plant & Equipment TOTAL NON CURRENT ASSETS		564,615 964	632,906 1,383
		565,579	634,289

SOIL SUB TECHNOLOGIES LIMITED ABN 39 078 388 155

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Appendix 4E

PRELIMINARY FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2013

	Note	Company 2013 $	Company 2012 $
TOTAL ASSETS		574,483	856,447
CURRENT LIABILITIES Trade and other payables Short–term provisions		15,000 42,279	25,000 30,279
TOTAL CURRENT LIABILITIES		57,279	55,279
TOTAL LIABILITIES NET ASSETS		57,279	55,279
		517,204	801,168
EQUITY Issued capital Accumulated losses TOTAL EQUITY		2,681,580 (2,164,376)	2,478,864 (1,677,696)
		517,204	801,168

SOIL SUB TECHNOLOGIES LIMITED ABN 39 078 388 155

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Appendix 4E

PRELIMINARY FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2013

5. Statement of Cash Flows

5. Statement of Cash Flows
	Note	Company 2013 $	Company 2012 $
CASH FLOWS FROM OPERATING ACTIVITIES Payments to suppliers and employees Interest received		(408,003) 3,182	(479,760) 16,751
Net Cash Used In Operating Activities		(404,821)	(463,009)
CASH FLOW FROM INVESTING ACTIVITIES Payments for intangible assets Net Cash Used In Investing Activities CASH FLOW FROM FINANCING ACTIVITIES Proceeds from Issue of Shares Payment of share issue costs		-	(432,906)
		-	(432,906)
		216,000 (13,284)	337,500 (20,756)
Net Cash Provided By Financing Activities		202,716	316,744
Net increase/(decrease) in cash held Cash and Cash Equivalents at beginning of financial year Cash and Cash Equivalents at end of financialyear		(202,105) 204,132	(579,171) 783,303
		2,027	204,132

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

SOIL SUB TECHNOLOGIES LIMITED ABN 39 078 388 155

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Appendix 4E

PRELIMINARY FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2013

7. Dividend Reinvestment Plans

The company does not have a dividend reinvestment plan.

8. Statement of Changes in Equity

	Issued Capital	Accumulated Losses	Total
Company BALANCE AT 1 JULY 2012 Loss for the year Total comprehensive income for the year Transactions with owners, directly in equity Issue of share capital Capital raising costs BALANCE AT 30 JUNE 2013	2,478,864 -	(1,677,696) (486,680)	801,168 (486,680)
	- 216,000 (13,284)	(486,680) -	(486,680) 216,000 (13,284)
	2,681,580	(2,164,376)	517,204

9. NTA backing

9. NTA backing
	30 June 2013	30 June 2012
Net tangible asset backing per ordinary security	$(0.0001)	$0.0004

10. Details of associates and joint venture entities

There are no associates or joint venture entities.

11. Commentary on results for the period

The Company has placed its Nutrimix technology and associated trialling activities into a step back program

performing only required tasks in line with the Company’s cash position.

The Company has also been assessing and identifying other investment opportunities however none of these

opportunities have progressed to a material stage requiring announcements to the market.

SOIL SUB TECHNOLOGIES LIMITED ABN 39 078 388 155

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Appendix 4E

PRELIMINARY FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2013

12. Any other significant information

Going Concern

The financial report has been prepared on the going concern basis, which contemplates the continuity of normal business activity and the realisation of assets and the settlement of liabilities in the ordinary course of business.

The Company incurred a loss for the year of $486,680 (2012: $424,437) and net cash outflows from operating and investing activities of $404,821 for the year ended 30 June 2013, and as of that date had a working capital deficit of $48,375.

The ability of the Company to continue as a going concern is principally dependent upon successfully raising sufficient working capital, the commercialisation of the soil substitute product.. These conditions indicate a material uncertainty that may cast significant doubt about the ability of the Company to continue as a going concern.

On 2 July 2013 the Company engaged RM Corporate Finance under the lead manager mandate to issue convertible notes to sophisticated investors with an aggregate face value not to exceed $600,000. Subsequent to year end the Company raised $145,000 via the issue of convertible notes under this mandate.

The directors have prepared a cash flow forecast, which indicates that the Company will have sufficient cash flows to meet all commitments and working capital requirements for the 12 month period from the date of signing this financial report. Based on the cash flow forecasts and other factors referred to above, the directors are satisfied that the going concern basis of preparation is appropriate. In particular, given the Company’s history of raising capital from existing shareholders.

Should the Company be unable to continue as a going concern it may be required to realise its assets and extinguish its liabilities other than in the normal course of business and at amounts different to those stated in the financial statements. The financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or to the amount and classification of liabilities that might result should the Company be unable to continue as a going concern and meet its debts as and when they fall due.

SOIL SUB TECHNOLOGIES LIMITED ABN 39 078 388 155

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Appendix 4E

PRELIMINARY FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2013

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 been audited or subject to review and are subject to dispute or qualification, details are described below

Intangible Assets

As disclosed in Note 4 of this Appendix 4E, the Company has recorded intangible assets related to Licenses, patents and capitalised development costs with a carrying value of $564,615 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 this report the eventual outcome of these events remains uncertain. As such, we have not been able to obtain sufficient evidence to support the Company’s assessment of the carrying value of these assets.

Sign here:

---

Date: 30 August 2013

Executive Chairman – Guy T. Le Page

SOIL SUB TECHNOLOGIES LIMITED ABN 39 078 388 155

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