Simavita Online Annual Report 2017

Consolidated Notes June 30, 2017 $ June 30, 2016 $ Cash flows from /(used in) operating activities Loss for the year (7,752,516) (11,457,221) Non-cash items Depreciation and amortization 108,027 137,154 Bad debts written-off 483 8,000 Share-based payments expenses 1,053,326 89,235 Net (Gain)/Loss on sale of plant and equipment (150) 530 Unrealized foreign exchange movements (3,015) 81,210 Accrued interest on convertible notes – 51,230 Changes in assets and liabilities (Increase)/decrease in receivables 576,458 (325,205) (Increase)/decrease in inventories (8,605) (136,111) (Increase)/decrease in prepayments 24,777 28,487 Increase/(decrease) in payables (236,886) 89,458 Increase/(decrease) in provisions (9,084) (104,769) Net cash flows from/(used in) operating activities (6,247,185) (11,538,002) Cash flows from/(used in) investing activities Purchases of plant and equipment (2,690) (44,335) Purchases of intangible assets – (17,738) Proceeds from the sale of plant and equipment 150 2,364 Net cash flows from/(used in) investing activities (2,540) (59,709) Cash flows from/(used in) financing activities Proceeds from the issue of shares by the Company 2,348,109 6,065,000 Proceeds from conversion of borrowings into equity – 3,063,000 Cancellation of fractional shares (24) – Equity transaction costs (188,853) (375,024) Net cash flows from/(used in) financing activities 2,159,232 8,752,976 Net increase/(Decrease) in cash and cash equivalents held (4,090,493) (2,844,735) Cash and cash equivalents at the beginning of period 6,172,770 9,027,722 Net foreign exchange differences on cash and cash equivalents (9,924) (10,217) Cash and cash equivalents at the end of period 10 2,072,353 6,172,770 The accompanying notes form an integral part of these consolidated financial statements Consolidated Statement of Cash Flows for the year ended June 30, 2017 Simavita Limited 2017 Annual Report 20

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