Name of Case. Names of Liquidators. Firm. Address. Telephone. Fax. Reference. Type of Appointment. Date of Appointment. Basis of Fee Request (Note 1)

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1 Name of Case Names of Liquidators Firm Address Telephone Fax Reference Type of Appointment Date of Appointment Basis of Fee Request (Note 1) The Liquidators fees are provided to the Court/Official Receiver for taxation/assessment. The information set out in the fee note and the supporting narrative is based on the Liquidator s computerised time recording system and detailed daily timesheets kept by them and each of their staff. These are available for review by the Court/Official Receiver if required. Annexure 1 Source Document Annexure 2 Asset Schedule Annexure 3 Staff Schedule Annexure 4 Work done since last invoice Annexure 5(a) First level breakdown of costs incurred Annexure 5(b) Second level breakdown of costs incurred Annexure 6 Asset Realisation Schedule Note: The Front Sheet should be followed by the office-holder s narrative statement of what was done during the assignment, to which the numerical summary should be annexed.

2 Annexure 1 Introduction Background Winding Up Statutory information including Registered Office, certified date of incorporation, nominal, issued and paid up capital, offices of the company and type of business. Brief summary of the company s business activities. Brief summary of the circumstances leading to the winding up of the company, including the grounds ie insolvency or just and equitable. Attached a copy of the petition. Provisional Liquidators If the claim is by Provisional Liquidators, the grounds for their appointment (Otherwise deal with in Background). Assets Schedule Staff Schedules Write offs of the Liquidators, time costs and basis of disbursements charged Work done since the last invoice Time Chart Assets recovered in period This will show the nature, location, estimated value and likelihood of recovery of each of the Company s assets, (other than these with minimal value) at the commencement of the Liquidation. This information should be presented by way of a separate schedule see Annexure 2. Attached as Annexure 3 is a staff schedule showing the Liquidators staff grades and current charge out rates. A brief statement on whether there have been any write-offs, detailing how they were calculated, the amount and the percentage of time charged in the period which has been written off. See Annexure 4 See Annexure 5(a) and (b) Attached as Annexure 6 is a summary of the assets recovered during the period showing (1) The amount recovered compared with preivous estimates of recovery and (2) The time costs and disbursements incurred in realising the assets.

3 Annexure 2 Name of Company Asset Schedule Nature of Asset Location Estimated Value and Basis of Valuation Likelihood of Recovery Changes to value and Likelihood of Recovery since last Report Reasons for Pursuing or Abandoning Recovery Efforts

4 Annexure 3 Staff Schedule Name of Firm Name of Company Grade of Staff Charge Out Rate at start of Liquidation Current Charge Out Rate

5 Annexure 4 Name of company PERIOD COVERED BY THE FEE NOTE: SUMMARY OF WORK UNDERTAKEN Administration and planning Developing the strategy for progressing S.182 and S.266 claims. Agreeing policy for dealing with preferential and unsecured creditors. Investigations Review of transactions which may be void pursuant to S.182. Comparison of Statement of Affairs with most recent balance sheet and issues arising. Realisation of assets Liaising with agents regarding sale of stock and equipment. Dealing with claims by creditors claiming reservation of title. Creditors Reviewing incoming claims. Asking for further evidence where appropriate. Chasing up preferential creditors to submit claims. Employees Assessing validity of employees claims including preferential element. Protection of Wages on Insolvency Fund Board will not be paying for several months. Possible preference Meeting with liquidators's solicitors to consider possible unfair preference in favour of the holding company.

6 Annexure 5(a) INSOLVENCY OFFICE- HOLDER'S REMUNERATION APPLICATION FIRST LEVEL BREAKDOWN Hours spent during the period to Charge Out Rate Administration and Planning Partners Managers Other Senior Assistants Total Fees Professionals and Hours support Staff Hours Hours Hours Hours $ Investigations Realisation of Assets Trading Creditors Case specific matters (Specify) (Note 4) Dealing with claims of employees Meeting with solicitors re Preference claim Total Hours

7 Annexure 5(b) INSOLVENCY OFFICE-HOLDER'S REMUNERATION APPLICATION SECOND LEVEL BREAKDOWN Hours spent during the period to Charge Out Rate Administration and Planning Manager Manager Manager Manager Total Fees A B C D Hours $ Investigations Realisation of Assets Trading Creditors Case Specific Matters (Specify) Meeting with solicitors re Preference claim Total Hours Total Fees

8 Annexure 6 Asset Realisation Schedule Asset Value Costs incurred in Recovery