Simavita Annual Report 2019

Simavita Limited 22 Share Capital $ Reserves $ Accumulated Losses $ Totals $ Balance at July 1, 2017 66,243,056 2,914,723 (66,061,620) 3,096,159 Net Loss for the year – – (4,942,295) (4,942,295) Other comprehensive income, net of tax – (4,130) – (4,130) Total comprehensive loss for the year – (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) Balance at July 1, 2018 66,243,056 1,811,130 (69,819,942) (1,765,756) Net Loss for the year – – (3,934,216) (3,934,216) Other comprehensive income, net of tax – 1,861 – 1,861 Total comprehensive loss for the year – 1,861 (3,934,216) (3,932,355) Transactions with owners Issue of common shares for cash 2,155,000 – – 2,155,000 Issue of common shares from conversion of convertible notes 1,441,808 – – 1,441,808 Movement in share-based payments reserve – 56,700 – 56,700 Reversal of lapsed options vested not exercised – (367,383) 367,383 – Equity transaction costs (110,183) – – (110,183) Total transactions with owners 3,486,625 (310,683) 367,383 3,543,325 Balance at June 30, 2019 69,729,681 1,502,308 (73,386,775) (2,154,786) The accompanying notes form an integral part of these consolidated financial statements Consolidated Statement of Changes in Equity for the year ended June 30, 2019

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