POINTERRA LIMITED — Annual Report 2014

Aug 28, 2014

Appendix 4E

PRELIMINARY FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2014

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 2014 2. Results for announcement to the market	Financial year ended (‘previous period’) 30 June 2013
2.1. Revenue Down 2.2. Profit (loss) after tax Down 2.3. Net profit (loss) for the period attributable to members Down	51% to $57,262 105% to $(996,620) 105% to $(996,620)
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 continued to place 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 performing due diligence on Malaysian based property projects specifically located at Pahang and Terengganu in east coast Malaysia.

3. Statement of Profit or Loss and Other Comprehensive Income

	Note	2014 $	2013 $
Revenue Other income Depreciation and amortisation expense Directors Fees Accounting and administration Consulting and contracting cost	3.1	57,262 - (71,210) (272,400) (20,490) (344,845)	3,182 114,078 (68,710) (207,500) (42,337) (97,350)

SOIL SUB TECHNOLOGIES LIMITED ABN 39 078 388 155

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Appendix 4E

PRELIMINARY FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2014

Travel and accommodation Compliance and regulatory Research and Development expense Share based payment Loan establishment fee 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		2014 $ (38,494) (83,248) (34,241) (58,914) (75,000) (55,042)	2013 $ (27,970) (39,859) (55,991) - - (64,223)
		(996,620) -	(486,680) -
		(996,620) - (996,620)	(486,680) - (486,680)
Basic earnings /(loss) per share		(0.001)	(0.001)

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

3.1 Other Income Research & Development tax offset refund Total Other Income		2014 $ -	2013 $ 114,078
		-	114,078

4. Statement of Financial Position

4. Statement of Financial Position
		2014 $	2013 $
CURRENT ASSETS Cash and cash equivalents Trade and other receivables Financial Instruments TOTAL CURRENT ASSETS		95,968 42,778 1,505,066	2,027 6,877 -
		1,643,812	8,904
NON CURRENT ASSETS Intangible Assets Plant & Equipment TOTAL NON CURRENT ASSETS TOTAL ASSETS		493,824 545	564,615 964
		494,369	565,579
		2,138,182	574,483
SOIL SUB TECHNOLOGIES LIMITED ABN 39 078 388 155			2

Appendix 4E

PRELIMINARY FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2014

		2014 $	2013 $
CURRENT LIABILITIES Trade and other payables Borrowings Short–term provisions Financial Liability		260,450 95,000 54,279 72,398	15,000 - 42,279 -
TOTAL CURRENT LIABILITIES		482,127	57,279
TOTAL LIABILITIES NET ASSETS/(DEFICIENCY)
		482,127	57,279
		1,656,055	517,204
EQUITY Issued capital Options Reserve Accumulated losses TOTAL EQUITY		4,798,137 18,914 (3,160,997)	2,681,580 - (2,164,376)
		1,656,055	517,204

SOIL SUB TECHNOLOGIES LIMITED ABN 39 078 388 155

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Appendix 4E

PRELIMINARY FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2014

5. Statement of Cash Flows

5. Statement of Cash Flows
		2014 $	2013 $
CASH FLOWS FROM OPERATING ACTIVITIES Payments to suppliers and employees Interest received Net Cash Used In Operating Activities CASH FLOW FROM INVESTING ACTIVITIES Advance made to Platinum JV Development Sdn Bhd Receipts from repayment of loan		(648,927) 856	(408,003) 3,182
		(648,071)	(404,821)
		(1,547,600) 99,242	- -
Net Cash Used In Investing Activities		(1,448,358)	-
CASH FLOW FROM FINANCING ACTIVITIES Proceeds from Issue of Shares Proceeds from convertible notes Proceeds from borrowings Payment of share issue costs Net Cash Provided By Financing Activities Net increase/(decrease) in cash held Cash and Cash Equivalents at beginning of financial year Cash and Cash Equivalents at end of financialyear		1,353,912 787,500 95,000 (46,042)	216,000 - - (13,284)
		2,190,370	202,716
		93,941 2,027	(202,105) 204,132
		95,968	2,027

SOIL SUB TECHNOLOGIES LIMITED ABN 39 078 388 155

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Appendix 4E

PRELIMINARY FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2014

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 2014

Statement of Changes in Equity

	Issued Capital	Option Reserves	Accumulated Losses	Total
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

	Issued Capital	Option Reserves	Accumulated Losses	Total
BALANCE AT 1 JULY 2013 (Loss) for the year Total comprehensive income for the year Transactions with owners, directly in equity Share based payments Issue of share capital Capital raising costs BALANCE AT 30 JUNE 2014	2,681,580 -	- -	(2,164,376) (996,620)	517,204 (996,620)
	- - 2,162,600 (46,043)	- 18,914 - -	(996,620) - - -	(996,620) 18,914 2,162,600 (46,043)
	4,798,137	18,914	(3,160,997)	1,656,055

SOIL SUB TECHNOLOGIES LIMITED ABN 39 078 388 155

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Appendix 4E

PRELIMINARY FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2014

8. NTA backing
	30 June 2014	30 June 2013
Net tangible asset backing per ordinary security	$0.001	$0.001

9. Details of associates and joint venture entities

There are no associates or joint venture entities.

10. 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 performing due diligence on the Malaysian based property projects until a decision is made to exercise an option to acquire one or both projects located in Pahang and Terengganu, Malaysia.

SOIL SUB TECHNOLOGIES LIMITED ABN 39 078 388 155

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Appendix 4E

PRELIMINARY FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2014

11. 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

The Company has recorded intangible assets related to Licenses and Patents with a carrying value of $147,500 and Capitalised Development costs with a carrying value of $346,324 which relates to the Company’s Nutrimix products. 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 remain uncertain. As such, we have not been able to obtain sufficient evidence to support the carrying value of these assets.

Loan Receivable

The Company has recorded a loan receivable with a carrying value of $1,505,066 which relates to funds lent to Platinum JV Development Sdn Bhd. We were unable to obtain sufficient appropriate audit evidence on the financial position as at 30 June 2014 and financial performance for the year ended 30 June 2014 of Platinum JV Development Sdn Bhd to assess the recoverability of the loan receivable as at 30 June 2014. Consequently, we were unable to determine whether any adjustments to these amounts were necessary.

Sign here:

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Date: 29 August 2014

Executive Chairman – Guy T. Le Page

SOIL SUB TECHNOLOGIES LIMITED ABN 39 078 388 155

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