STREAMPLAY STUDIO LIMITED — Interim / Quarterly Report 2017

Feb 27, 2017

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ABN 31 004 766 376 and Controlled Entities

FINANCIAL REPORT

FOR THE HALF-YEAR ENDED

31 DECEMBER 2016

ARROWHEAD RESOURCES LIMITED ABN 31 004 766 376 and Controlled Entities

CONTENTS

CORPORATE DIRECTORY DIRECTORS’ REPORT AUDITOR’S INDEPENDENCE DECLARATION CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS NOTES TO THE FINANCIAL REPORT DIRECTORS’ DECLARATION 11 INDEPENDENT AUDITOR’S REVIEW REPORT 12

ARROWHEAD RESOURCES LIMITED ABN 31 004 766 376	ARROWHEAD RESOURCES LIMITED ABN 31 004 766 376
	and Controlled Entities
	CORPORATE DIRECTORY
DIRECTORS	Michael Rosenstreich – Chairman and Managing Director
	Jason Peterson – Non-Executive Director
	John Kenny - Non-Executive Director
COMPANY SECRETARY	Rowan Caren
REGISTERED OFFICE	Suite 2, Seanet Building,
	28 Southside Drive
	Hillarys WA 6025
	Australia
POSTAL ADDRESS	Suite 2, Seanet Building,
	28 Southside Drive
	Hillarys WA 6025
	Australia
TELEPHONE	+61 (0)8 6102 2609
FACSIMILE	+61 (0)8 9340 6060
E-MAIL	info@arrowheadresources.com.au
WEBSITE	www.arrowheadresources.com.au
AUDITORS	HLB Mann Judd
	Level 4, 130 Stirling Street
	Perth WA 6000
	T: 08 9227 7500
	Australia
SOLICITORS	Steinepreis Paganin
	Level 4, 16 Milligan Street
	Australia
SHARE REGISTRY	Automic Registry Services Pty Ltd
	Level 1
	7 Ventnor Ave
	West Perth WA 6005
	PO Box 223
	West Perth WA 6872
	Website: www.automic.com.au
AUSTRALIAN SECURITIES EXCHANGE	The Company’s securities are quoted on the official list of the Australian
	Securities Exchange (ASX Limited), the home exchange being:
	ASX Limited
	2 The Esplanade
	Perth WA 6000
	Australia
ASX CODE	AR1
FRANKFURT STOCK EXCHANGE	The Company’s securities are quoted on the Frankfurt Stock Exchange;
	Neue Börsenstrasse 1
	60487 Frankfurt / Main
	Germany
FSE CODE	GIX

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ARROWHEAD RESOURCES LIMITED ABN 31 004 766 376

and Controlled Entities

DIRECTORS’ REPORT

Your directors submit the financial report for the half-year ended 31 December 2016.

Directors

The names of directors who held office during or since the end of the half-year:

Mr Michael Rosenstreich Mr Jason Peterson Mr John Kenny

Review of Operations

The consolidated operating loss after tax for the half-year was $278,022 (2015 – profit of $2,852,880).

The principal activities of the economic entity during the half-year were focused on seeking a new project.

Significant Events After the Balance Date

Since 31 December 2016, no events have arisen that have materially affected the operations of the economic entity, the results of the economic entity or the state of affairs of the economic entity.

Auditor’s Independence Declaration

The lead auditor’s independence declaration under section 307C of the Corporations Act 2001 is set out on page 3 for the half-year ended 31 December 2016.

This report is signed in accordance with a resolution of the Board of Directors.

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M ROSENSTREICH MANAGING DIRECTOR Dated this 28th day of February 2017

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AUDITOR’S INDEPENDENCE DECLARATION

As lead auditor for the review of the consolidated financial report of Arrowhead Resources Limited for the half-year ended 31 December 2016, I declare that to the best of my knowledge and belief, there have been no contraventions of:

• a) the auditor independence requirements of the Corporations Act 2001 in relation to the review; and

• b) any applicable code of professional conduct in relation to the review.

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Perth, Western Australia M R W Ohm 28 February 2017 Partner

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HLB Mann Judd (WA Partnership) ABN 22 193 232 714 Level 4, 130 Stirling Street Perth WA 6000. PO Box 8124 Perth BC 6849 Telephone +61 (08) 9227 7500. Fax +61 (08) 9227 7533. Email: hlb@hlbwa.com.au. Website: http://www.hlb.com.au Liability limited by a scheme approved under Professional Standards Legislation

HLB Mann Judd (WA Partnership) is a member of

International, a worldwide organisation of accounting firms and business advisers.

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ARROWHEAD RESOURCES LIMITED ABN 31 004 766 376

and Controlled Entities

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE HALF-YEAR ENDED 31 DECEMBER 2016

Note Continuing Operations Finance revenue Other income Total income 3 Other gains or losses Administration expense Employee benefits expense Foreign exchange gain/(losses) Project evaluation expense Depreciation and amortisation Finance costs Total expenses Profit/(loss) before income tax Income tax expense Profit/(loss) after income tax for the year Other comprehensive income, net of income tax Exchange rate differences on translating foreign operations Total other comprehensive income Total comprehensive income/(loss) for the period Profit/(loss) is attributable to: Members of the parent Non-controlling interest Total comprehensive income/(loss) is attributable to: Members of the parent Non-controlling interest Basic earnings/(loss) per share (cents per share) Diluted earnings/(loss) per share (cents per share)	31/12/2016 31/12/2015 $ $ 8,717 1,806 - 3,406,094
	8,717 3,407,900
	- 13,324 (138,858) (218,216) (81,000) (98,729) - (165,167) (60,925) - (5,042) (9,039) (914) (77,193)
	(286,739) (555,020)
	(278,022) 2,852,880 - -
	(278,022) 2,852,880 - 151,385
	- 151,385
	(278,022) 3,004,265
	(278,022) 2,852,880 - -
	(278,022) 2,852,880
	(278,022) 3,004,265 - -
	(278,022) 3,004,265
	(0.12) 5.79 (0.12) 5.79

The accompanying notes form part of these financial statements.

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ARROWHEAD RESOURCES LIMITED ABN 31 004 766 376

and Controlled Entities

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2016

Note Current Assets Cash and cash equivalents Trade and other receivables Total Current Assets Non-Current Assets Property, plant and equipment Total Non-Current Assets Total Assets Current Liabilities Trade and other payables Provisions Total Current Liabilities Total Liabilities Net Assets Equity Contributed equity 4 Reserves Accumulated losses Total Equity	31/12/2016 30/6/2016 $ $ 673,245 963,245 12,275 10,133 Consolidated
	685,520 973,378
	24,036 29,078
	24,036 29,078
	709,556 1,002,456
	79,902 94,780 5,935 5,935
	85,837 100,715
	85,837 100,715
	623,719 901,741
	51,584,487 51,584,487 534,662 534,662 (51,495,430) (51,217,408)
	623,719 901,741

The accompanying notes form part of these financial statements.

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ARROWHEAD RESOURCES LIMITED ABN 31 004 766 376 and Controlled Entities

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE HALF-YEAR ENDED 31 DECEMBER 2016

					Foreign
					Currency
			Accumulated	Option	Translation	Non-controlling
		Issued Capital	Losses	reserve	Reserve	interest		Total Equity
		$	$	$	$	$		$
CONSOLIDATED
Balance at 1 July 2015		49,531,922	(54,424,873)	534,662	290,496	-		(4,067,793)
Currency translation differences		-	-	-	151,385	-		151,385
Profit for the period		-	2,852,880	-	-	-		2,852,880
Total comprehensive income for the
period		-	2,852,880	-	151,385	-		3,004,265
Transactions with owners in their	capacity as owners
Issue of share capital		2,271,228	-	-	-	-		2,271,228
Transaction costs	-	150,663	-	-	-	-	-	150,663
Balance at 31 December 2015		51,652,487	(51,571,993)	534,662	441,881	-		1,057,037
Balance at 1 July 2016		51,584,487	(51,217,408)	534,662	-	-		901,741
Currency translation differences		-	-	-	-	-		-
Loss for the period		-	(278,022)	-	-	-		(278,022)
Total comprehensive loss for the
period		-	(278,022)	-	-	-		(278,022)
Transactions with owners in their	capacity as owners
Issue of share capital		-	-	-	-	-		-
Transaction costs		-	-	-	-	-		-
Balance at 31 December 2016		51,584,487	(51,495,430)	534,662	-	-		623,719

The accompanying notes form part of these financial statements.

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ARROWHEAD RESOURCES LIMITED ABN 31 004 766 376 and Controlled Entities

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE HALF-YEAR ENDED 31 DECEMBER 2016

Cash flows from operating activities Payments to suppliers and employees Interest received Finance costs Net cash flows used in operating activities Cash flows used in investing activities Proceeds from sale of plant & equipment Net cash flows provided by investing activities Cash flows from financing activities Proceeds from issue of fully paid shares Payment of transaction costs Proceeds from borrowing Repayment of borrowing Net cash provided by financing activities Net increase/(decrease) in cash held Net foreign exchange differences Cash and cash equivalents at beginning of the financial year Cash and cash equivalents at end of the period	31/12/2016 31/12/2015 $ $ (297,803) (330,932) 8,717 1,806 (914) (4,611) Consolidated
	(290,000) (333,737)
	- 15,053
	- 15,053
	- 1,714,728 - (150,663) - 100,000 - (100,000)
	- 1,564,065
	(290,000) 1,245,381 - (13,782) 963,245 8,725
	673,245 1,240,324

The accompanying notes form part of these financial statements.

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ARROWHEAD RESOURCES LIMITED ABN 31 004 766 376 and Controlled Entities

NOTES TO THE FINANCIAL REPORT FOR THE HALF YEAR ENDED 31 DECEMBER 2016

NOTE 1: BASIS OF PREPARATION

This half-year consolidated financial report is a general purpose financial report prepared in accordance with the requirements of the Corporations Act 2001 and Australian Accounting Standard AASB 134: Interim Financial Reporting. Compliance with AASB 134 ensures compliance with International Financial Reporting Standard IAS 34 Interim Financial Reporting .

The half-year financial report does not include all of the notes of the type normally included within the annual financial report and therefore cannot be expected to provide as full an understanding of the financial performance, financial position and financing and investing activities of the consolidated entity as the full financial report.

It is recommended that this financial report be read in conjunction with the annual financial report for the year ended 30 June 2016 and any public announcements made by Arrowhead Resources Limited and its controlled entities during the half-year in accordance with the continuous disclosure requirements arising under the Corporations Act 2001. For the purpose of preparing the half-year financial report, the half-year has been treated as a discrete reporting period.

Reporting Basis and Conventions

The half-year report has been prepared on an accrual basis and is based on historical costs modified by the revaluation of selected non-current assets, financial assets and financial liabilities for which the fair value basis of accounting has been applied.

Accounting Policies

The accounting policies have been consistently applied by the entities in the consolidated entity and are consistent with those applied in the 30 June 2016 annual report, except for the adoption of amending standards mandatory for annual periods beginning on or after 1 July 2016, as noted below. These accounting policies are consistent with Australian Accounting Standards and with International Financial Reporting Standards.

New Standards and Interpretations

Standards and Interpretations applicable to 31 December 2016

In the half year ended 31 December 2016, the Directors have reviewed all of the new and revised Standards and Interpretations issued by the AASB that are relevant to the Group’s operations and effective for the half year reporting periods beginning on or after 1 July 2016. As a result of this review, the Directors have determined that there is no material impact of the new and revised Standards and Interpretations on the Group and, therefore, no material change is necessary to Group accounting policies.

Standards and Interpretations in Issue not yet adopted applicable to 31 December 2016

The Directors have also reviewed all of the new and revised Standards and Interpretations in issue not yet adopted that are relevant to the Group and effective for the half year reporting periods beginning on or after 1 January 2017. As a result of this review, the Directors have determined that there is no material impact of the new and revised Standards and Interpretations in issue not yet adopted on the Group and, therefore, no material change is necessary to Group accounting policies.

NOTE 2: OPERATING SEGMENT

(a) Industry segments

The Group operates predominantly in the mining and exploration industry.

Information reported to the Group’s chief operating decision maker for the purpose of resource allocation and assessment of segment performance is focussed on the type of resources being explored for and evaluated or developed. The Group’s only reportable segment under AASB 8 is corporate. The corporate segment relates only to the operations of the corporate head office in Perth, Western Australia.

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ARROWHEAD RESOURCES LIMITED ABN 31 004 766 376 and Controlled Entities

NOTES TO THE FINANCIAL REPORT FOR THE HALF YEAR ENDED 31 DECEMBER 2016

NOTE 3:

NOTE 3: INCOME
Finance Revenue Interest received Other Income Gain on forgiveness of loans and borrowings and trade and other payables	31/12/2016 31/12/2015 $ $ 8,717 1,806 - 3,406,094 Consolidated
	8,717 3,407,900

NOTE 4: CONTRIBUTED EQUITY

NOTE 4: CONTRIBUTED EQUITY
Issued capital Ordinary shares fully paid Movements Opening Balance at 1 July Balance at 31 December Issued capital Ordinary shares fully paid Movements Opening Balance at 1 July less costs of issue Balance at 31 December	31/12/2016 30/06/2016 No. of Shares No. of Shares 223,368,146 223,368,146
	223,368,146 223,368,146 $ $ 51,584,487 51,584,487
	51,584,487 - 51,584,487

As at 31 December 2016 the economic entity had nil options on issue.

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ARROWHEAD RESOURCES LIMITED ABN 31 004 766 376 and Controlled Entities

NOTES TO THE FINANCIAL REPORT FOR THE HALF YEAR ENDED 31 DECEMBER 2016

NOTE 5: COMMITMENTS AND CONTINGENCIES

Lease expenditure commitments

The Group has not entered into a commercial lease for office accommodation. Its office in Perth is based in the office of an officeholder.

Capital Commitments

The Group did not have any capital commitments as at Balance Date.

Contingent Liability

There has been no change to the status of contingent liabilities from that reported for the year end 30 June 2016.

NOTE 6: FINANCIAL INSTRUMENTS

Fair Values

Set out below is a comparison by category of carrying amounts and fair values of all of the Group's financial instruments recognised in the financial statements:

	31/12/2016 30/06/2016 31/12/2016 30/06/2016 $ $ $ $ Carrying Amount Fair Value
Financial Assets Cash Trade and other receivables - current Financial Liabilities Trade and other payables	673,245 963,245 673,245 963,245 12,275 10,133 12,275 10,133
	79,902 94,780 79,902 94,780

Cash, cash equivalents and security deposits: The carrying amount approximates fair value because of their short term to maturity

Trade receivables and trade creditors: The carrying amount approximates fair value.

Shares in controlled entities are excluded from the above as these are accounted for at cost in accordance with AASB 127.

NOTE 7: EVENTS SUBSEQUENT TO REPORTING DATE

Since 31 December 2016, no events have arisen that have materially affected the operations of the economic entity, the results of the economic entity or the state of affairs of the economic entity.

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ARROWHEAD RESOURCES LIMITED ABN 31 004 766 376 and Controlled Entities

DIRECTORS’ DECLARATION

The directors of Arrowhead Resources Limited declare that:

1. In the directors’ opinion, the financial statements and notes thereto are in accordance with the Corporations Act 2001 , including compliance with accounting standards, the Corporations Regulations 2001 and other mandatory professional reporting requirements and give a true and fair view of the consolidated entity’s financial position as at 31 December 2016 and of its performance for the half-year ended on that date; and

2. In the directors’ opinion, there are reasonable grounds to believe that the company will be able to pay its debts as and when they become due and payable.

This declaration is made in accordance with a resolution of the Board of Directors dated this 28[th] day of February 2017.

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M ROSENSTREICH Managing Director

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INDEPENDENT AUDITOR’S REVIEW REPORT

To the members of Arrowhead Resources Limited

Report on the Condensed Half-Year Financial Report

We have reviewed the accompanying half-year financial report of Arrowhead Resources Limited (“the company”) which comprises the condensed consolidated statement of financial position as at 31 December 2016, the condensed consolidated statement of profit or loss and other comprehensive income, the condensed consolidated statement of changes in equity and the condensed consolidated statement of cash flows for the half-year ended on that date, notes comprising a summary of significant accounting policies and other explanatory notes, and the directors’ declaration, for the Group comprising the company and the entities it controlled at the half-year end or from time to time during the half-year.

Directors’ responsibility for the half-year financial report

The directors of the company are responsible for the preparation of the half-year financial report that gives a true and fair view in accordance with Australian Accounting Standards and the Corporations Act 2001 and for such internal control as the directors determine is necessary to enable the preparation of the half-year financial report that gives a true and fair view and is free from material misstatement, whether due to fraud or error.

Auditor’s responsibility

Our responsibility is to express a conclusion on the half-year financial report based on our review. We conducted our review in accordance with Auditing Standard on Review Engagements ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity in order to state whether, on the basis of the procedures described, we have become aware of any matter that makes us believe that the half-year financial report is not in accordance with the Corporations Act 2001 including: giving a true and fair view of the Group’s financial position as at 31 December 2016 and its performance for the half-year ended on that date; and complying with Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Regulations 2001 . As the auditor of the company, ASRE 2410 requires that we comply with the ethical requirements relevant to the audit of the annual financial report.

A review of a half-year financial report consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Australian Auditing Standards and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Independence

In conducting our review, we have complied with the independence requirements of the Corporations Act 2001 .

HLB Mann Judd (WA Partnership) ABN 22 193 232 714 Level 4, 130 Stirling Street Perth WA 6000. PO Box 8124 Perth BC 6849 Telephone +61 (08) 9227 7500. Fax +61 (08) 9227 7533. Email: hlb@hlbwa.com.au. Website: http://www.hlb.com.au Liability limited by a scheme approved under Professional Standards Legislation

HLB Mann Judd (WA Partnership) is a member of International, a worldwide organisation of accounting firms and business advisers.

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Conclusion

Based on our review, which is not an audit, we have not become aware of any matter that makes us believe that the half-year financial report of Arrowhead Resources Limited is not in accordance with the Corporations Act 2001 including:

• (a) giving a true and fair view of the Group’s financial position as at 31 December 2016 and of its performance for the half-year ended on that date; and

• (b) complying with Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Regulations 2001 .

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HLB Mann Judd Chartered Accountants

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M R W Ohm Partner

Perth, Western Australia 28 February 2017

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