Simavita Annual Report 2018

Share Capital $ Reserves $ Accumulated Losses $ Totals $ Balance at July 1, 2016 64,083,824 3,638,297 (60,075,149) 7,646,972 Net Loss for the period – – (7,752,516) (7,752,516) Other comprehensive income, net of tax – (10,855) – (10,855) Total comprehensive loss for the period – (10,855) (7,752,516) (7,763,371) Transactions with owners Issue of common shares for cash 2,348,109 – – 2,348,109 Movement in Share-based payments reserve – 1,053,326 – 1,053,326 Reversal of lapsed options vested not exercised – (1,766,045) 1,766,045 – Equity transaction costs (188,853) – – (188,853) Cancellation of fractional shares (24) – – (24) Total transactions with owners 2,159,232 (712,719) 1,766,045 3,212,558 Balance at June 30, 2017 66,243,056 2,914,723 (66,061,620) 3,096,159 Net Loss for the period – – (4,942,295) (4,942,295) Other comprehensive income, net of tax – (4,130) – (4,130) Total comprehensive loss for the period – (4,130) (4,942,295) (4,946,425) Transactions with owners Issue of common shares for cash – – – – Movement in share-based payments reserve – 84,510 – 84,510 Reversal of lapsed options vested not exercised – (1,183,973) 1,183,973 – Equity transaction costs – – – – Cancellation of fractional shares – – – – Total transactions with owners – (1,099,463) 1,183,973 84,510 Balance at June 30, 2018 66,243,056 1,811,130 (69,819,942) (1,765,756) The accompanying notes form an integral part of these consolidated financial statements Consolidated Statement of Changes in Equity for the year ended June 30, 2018 Simavita Limited 2018 Annual Report 20

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