TALIUS GROUP LIMITED — Interim / Quarterly Report 2018

Feb 27, 2019

ASX ANNOUNCEMENT

28 February 2019

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HomeStay Care Limited

Appendix 4E

Unaudited Preliminary Final Report

Results for announcement to the market for the year ended 31 December 2018

			31 December 2018 $’000
Revenues from ordinaryactivities	Up	34%	44
(Loss)/profit after tax attributable to members	Up	978%	4,501
Net(loss)/profit for theperiod attributable to members	Up	978%	4,501
	31 December 2018		31 December 2017
	Cents		Cents
Net tangible assetsper security	0.48		0.17
Dividends (distributions)	Amount per security		Franked amount per security
Final dividend	Nil		Nil
Interim dividend	Nil		Nil
Previous corresponding period	Nil		Nil
Record date for determiningentitles to the dividend	No dividends areproposed
Controlgained over entities having material effect
Name of entity (or group of entities)	- HomeStay Care International Pty Ltd (formerly HomeStay Care Pty Ltd) - Home Service Solutions Pty Ltd - HomeStay Care Solutions Pte Ltd - HomeStayCare(Singapore)Pte Ltd
Date from which such (loss)/profit has been calculated	HomeStay Care Limited (formerly Antilles Oil and Gas Ltd) (the Company or HomeStay) is listed on the Australian Securities Exchange (ASX). The Company completed the legal acquisition of HomeStay Care International Pty Ltd (formerly HomeStay Care Pty Ltd) on 13 November 2018. HomeStay Care International Pty Ltd (the legal subsidiary) (previously HomeStay Care Pty Ltd) was deemed to be the acquirer for accounting purposes as it has obtained control over the operations of HomeStay (accountingsubsidiary).

Level 2, 22 Mount Street Perth WA 6000 PO Box 7054 Cloisters Square Perth WA 6850

ABN: 62 111 823 762 tel: +61 8 6188 8181 fax: +61 8 6188 8182 homestay.care

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Date from which such (loss)/profit has been calculated (continued)

Accordingly, the consolidated financial statements of HomeStay have been prepared as a continuation of the financial statements of HomeStay International Pty Ltd. HomeStay Care International Pty Ltd (as the deemed accounting acquirer) has accounted for the acquisition of HomeStay from 13 November 2018. The comparative information presented in the consolidated financial statements is that of HomeStay International Pty Ltd.

Date from which such (loss)/profit has been calculated (continued)	Accordingly, the consolidated financial statements of HomeStay have been prepared as a continuation of the financial statements of HomeStay International Pty Ltd. HomeStay Care International Pty Ltd (as the deemed accounting acquirer) has accounted for the acquisition of HomeStay from 13 November 2018. The comparative information presented in the consolidated financial statements is that of HomeStayInternational PtyLtd.	Accordingly, the consolidated financial statements of HomeStay have been prepared as a continuation of the financial statements of HomeStay International Pty Ltd. HomeStay Care International Pty Ltd (as the deemed accounting acquirer) has accounted for the acquisition of HomeStay from 13 November 2018. The comparative information presented in the consolidated financial statements is that of HomeStayInternational PtyLtd.
Contribution to the reporting entity’s results		$
	Fair value of consideration	2,700,000
	Fair value of assets and liabilities held at acquisition date:
	- Cash and cash equivalents	1,325,303
	- Trade and other receivables	30,044
	- Loans	900,000
	- Trade and otherpayables	(57,801)
	Fair value of identifiable assets and liabilities assumed	2,197,546
	Corporate transaction accountingexpense	502,454

The net assets of the consolidated entity have increased to $4,181,422 as at 31 December 2018, an increase of $3,232,728 from net assets of $948,694 at 31 December 2017.

The consolidated entity’s net working capital, being current assets less current liabilities is a surplus of $3,303,868 (2017: $513,634).

These increases are as a result of the reverse takeover of ASX-listed HomeStay Care Ltd (formerly Antilles Oil and Gas Ltd), which included a $4 million capital raising as part of the transaction. The transaction was completed on 13 November 2018.

The net loss of the consolidated entity increased from $417,493 for the year ended 31 December 2017 to $4,501,024 (an increase of 978%) for the year ended 31 December 2018 due to the increased activity of the consolidated entity throughout the current financial year in addition to the various costs associated with completing the reverse acquisition and re-complying with Chapters 1 and 2 of the ASX Listing Rules.

Status of Audit

This report is based on the Annual Financial Report which is in the process of being audited.

Shannon Robinson Executive Director

Level 2, 22 Mount Street Perth WA 6000 PO Box 7054 Cloisters Square Perth WA 6850

ABN: 62 111 823 762 tel: +61 8 6188 8181 fax: +61 8 6188 8182 homestay.care

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CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018

Revenue Cost of sales Other income Amortisation expense Consulting fees Employee benefits expenses Marketing expenses Rental expenses Finance costs Share based payments Listing costs Other expenses Loss before income tax Income tax expense Total loss for the year Other comprehensive income Items that may be reclassified subsequently to operating result Exchange differences on translating foreign controlled entities Other comprehensive income for the year Total comprehensive loss for the year Loss per share Basic and diluted loss (cents per share)	2018 2017 $ $ 44,606 33,202 (138,626) (20,075)
	(94,020) 13,127 117,115 - (260,389) (18,925) (800,648) (189,173) (1,596,907) (69,676) (126,297) (34,414) (145,129) (30,034) (5,617) - (485,935) - (502,454) - (600,743) (88,398)
	(4,501,024) (417,493) - -
	(4,501,024) (417,493)
	741 -
	741 -
	(4,500,283) (417,493)
	(1.27) (0.21)

The accompanying notes form part of these financial statements.

Level 2, 22 Mount Street Perth WA 6000 PO Box 7054 Cloisters Square Perth WA 6850

ABN: 62 111 823 762 tel: +61 8 6188 8181 fax: +61 8 6188 8182 homestay.care

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CONSOLIDATED STATEMENT OF FINANCIAL POSITION FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018

ASSETS Current assets Cash and cash equivalents Other assets Trade and other receivables Inventory Total current assets Non-current assets Plant and equipment Intangible assets Total non-current assets Total assets LIABILITIES Current liabilities Trade and other payables Provisions Total current liabilities Total liabilities Net assets EQUITY Issued capital Reserves Accumulated losses Total equity	2018 2017 $ $ 3,430,126 569,353 289,083 - 92,588 24,455 121,389 -
	3,933,186 593,808
	32,010 - 845,544 435,060
	877,554 435,060
	4,810,740 1,028,868
	573,453 77,342 55,865 2,832
	629,318 80,174
	629,318 80,174
	4,181,422 948,694
	8,295,993 1,412,501 850,260 - (4,964,831) (463,807)
	4,181,422 948,694

The accompanying notes form part of these financial statements.

Level 2, 22 Mount Street Perth WA 6000 PO Box 7054 Cloisters Square Perth WA 6850

ABN: 62 111 823 762 tel: +61 8 6188 8181 fax: +61 8 6188 8182 homestay.care

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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018

Balance at 1 January 2017 Loss for the year Other comprehensive income Total comprehensive (loss) for the year Transactions with owners, directly in equity Issue of share capital Capital raising costs Balance at 31 December 2017 Balance at 1 January 2018 Loss for the year Other comprehensive income Total comprehensive (loss) for the year Transactions with owners, directly in equity Issue of share capital Capital raising costs Issue of options Balance at 31 December 2018	Issued Capital Accumulated Losses Foreign Currency Translation Reserve Share Based Payments Reserve Total $ $ $ $ $ 486,001 (46,314) - - 439,687 - (417,493) - - (417,493) - - - - -
	- (417,493) - - (417,493)
	926,500 - - - 926,500 - - - - -
	1,412,501 (463,807) - - 948,694
	1,412,501 (463,807) - - 948,694 - (4,501,024) - - (4,501,024) - - 741 - 741
	- (4,501,024) 741 - (4,500,283)
	7,905,000 - - - 7,905,000 (1,021,508) - - - (1,021,508) - - - 849,519 849,519
	8,295,993 (4,964,831) 741 849,519 4,181,422

The accompanying notes form part of these financial statements.

Level 2, 22 Mount Street Perth WA 6000 PO Box 7054 Cloisters Square Perth WA 6850

ABN: 62 111 823 762 tel: +61 8 6188 8181 fax: +61 8 6188 8182 homestay.care

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CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018

Cash flows from operating activities Receipts from customers Payments to suppliers and employees Interest received Interest paid Net cash used in operating activities Cash flows from investing activities Purchase of customer list Payments for platform development expenditure Purchase of plant and equipment Receipt of exclusivity fee Cash acquired on acquisition of HomeStay Care Ltd Net cash from/ (used in) investing activities Cash flows from financing activities Proceeds from issue of shares Transaction costs relating to the issue of shares Proceeds from borrowings Repayment of borrowings Net cash provided by financing activities Net increase in cash held Cash at the beginning of the financial year Cash at the end of the financial year	2018 2017 $ $ 22,174 23,992 (3,331,178) (412,586) 4,943 2,848 (5,617) -
	(3,308,723) (385,746)
	- (45,000) (663,302) (366,088) (38,626) - 100,000 - 1,325,303 -
	723,375 (411,088)
	4,005,000 926,500 (457,924) - 2,000,000 - (100,000) -
	5,447,076 926,500
	2,860,773 129,666 569,353 439,687
	3,430,126 569,353

Level 2, 22 Mount Street Perth WA 6000 PO Box 7054 Cloisters Square Perth WA 6850

ABN: 62 111 823 762 tel: +61 8 6188 8181 fax: +61 8 6188 8182 homestay.care

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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018

1. Significant accounting policies

This preliminary final report has been prepared in accordance with ASX Listing Rule 4.3A and the disclosure requirements of ASX Appendix 4E. This report is to be read in conjunction with any public announcements made by HomeStay Care Limited during the reporting period in accordance with the continuous disclosure requirements of the Corporations Act 2001 and Australian Securities Exchange Listing Rules.

The Preliminary Financial Statements and notes of HomeStay Care Limited and its controlled entities, complies with International Financial Reporting Standards as issued by the International Accounting Standards Board.

Level 2, 22 Mount Street Perth WA 6000 PO Box 7054 Cloisters Square Perth WA 6850

ABN: 62 111 823 762 tel: +61 8 6188 8181 fax: +61 8 6188 8182 homestay.care