Cellmid 2017 Annual Report 59
The following are the aggregate totals, for each category, relieved under the deed.
Parties to the Deed
of Cross Guarantee
2017
$
(A) STATEMENT OF FINANCIAL POSITION
CURRENT ASSETS
Cash and cash equivalents 3,369,127
Trade and other receivables 181,267
Inventories 1,573,535
Other assets 73,873
TOTAL CURRENT ASSETS 5,197,802
NON CURRENT ASSETS
Plant and equipment 43,760
Intangible assets 1,440
Investments in Advangen Inc. Japan 2,888,105
Loan - Advangen INC 309,625
Loan - Advangen LLC 590,802
TOTAL NON CURRENT ASSETS 3,833,732
TOTAL ASSETS 9,031,534
CURRENT LIABILITIES
Trade and other payables 1,302,385
Loans and borrowings 1,783,822
Employee provisions 306,755
TOTAL CURRENT LIABILITIES 3,392,962
NON CURRENT LIABILITIES
Employee provisions 1,837
Loans and borrowings -
TOTAL NON CURRENT LIABILITIES 1,837
TOTAL LIABILITIES 3,394,799
NET ASSETS 5,636,735
EQUITY
Issued capital 36,715,031
Reserves 2,058,288
Accumulated losses (33,136,584)
TOTAL EQUITY 5,636,735
(B) STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME:
Loss before income tax (3,994,534)
Income tax expense -
Loss after income tax (3,994,534)
Loss attributable to members of the parent entity (3,994,534)
(C) ACCUMULATED LOSSES:
Accumulated Losses at the beginning of the year (29,194,128)
Loss after income tax + Transfer SOCE (3,942,457)
Accumulated Losses at the end of the year (33,136,585)