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1 Compilation Report CONTENTS 1 Detailed lncome Statement Balance Sheet Notes to the Financial Statements Directors' Declaration o

2 # GrantThornton COMPILATION REPORT TO THE GATAPULT INNOVATIONS UNIT TRUST We have compiled the accompanying special purpose financial statements of Catapult lnnovations Pty Ltd prepared is set out in Note 1. The Responsibility of the Trustees nnoúations Unit Ìrust, which comprise 0 June 2012' the year then ended, a summary of s fic pirpose for which the special pu ies and other s have been The Directors of Gatapult lnnovations Pty Ltd are solely responsible for the information contained in the special purpose financial statements and have determlned that the accounting policies used are appropriate to meet their needs and for the purpose that the financial statements were prepared. Our Responsibility On the basis of information provided by the Directors, we have compiled the accompanying special purpose financial statements in accordance witn the accounting policies and APES 315 compílation of Financial lnformation. Our procedures use accounting expertise to collect, classify and summarise the financial information, which the óirectors provided, in com[iling the financial statements. Our procedures do not include verification or validation procedures. No aud t oireview has been performed and accordingly no assurance is expressed' The special purpose financial statements were compiled exclusively for the benefit of the Directors. We do not accept respänsibility to any other person for the contents of the special purpose flnancial statements. Name of Firm: Grant Thornton Australia Limtied Chartered Name of Director: M Pittendrigh Address: Level 2, 215 Spring Street, Melbourne VIC 3000 Dated this lsth day of APril 201 3

3 INCOME STATEMENT FOR THE YEAR ENDED 30 JUNE 2OI INCOME lnterest Received Realised Exchange Gain/(Loss) Licence Fees Unrealised Exchange Gain/(Loss) EXPENSES AccountancY Fees Bank Charges Filing Fees Fines & penalties Profit 118 (6,8e7) 200, ,221 3, , , ,484 2, , The accompanying notes form part of these financial statements' These statements should be read in conjunction with the attached compilation report of Grant Thornton Australia Limtied Accountants' Page 2

4 INCOME STATEMENT FOR THE YEAR ENDED 30 JUNE 2OI Note 2011 Profit from ordinary activities Retained profits (Accumulated losses) at the beginning of the financial Year Total available for distribution Distribution to beneficiaries Retained profits at the end of the financial year 189, , , , Beneficiaries distribution Van De Griendt FamilY Trust Holthouse FamilY Trust 79, , ,543 85, ,741 The accompanying notes form part ofthese financial statements' These statements should be read in conjunclion with the attached compilation report of Grant Thornton Australia Limtied Accountants' Page 3

5 GATAPULT INNOVATIONS PTY LTD BALANCE SHEET AS AT 30 JUNE 2OI Note 2011 ASSETS CURRENT ASSETS Cash and cash equivalents Trade and other receivables TOTAL CURRENT ASSETS 2 3 1, , ,528 NON.CURRENT ASSETS Trade and other receivables TOTAL NON.CURRENT ASSETS TOTAL ASSETS , , , ,944 LIABILITIES CURRENT LIABILITIES Trade and other PaYables Financial liabilities Provisions Tax liabilities TOTAL CURRENT LIABILITIES TOTAL LIABILITIES NET ASSETS ,286 5, , , , , , , EQUITY Settlement capital TOTAL EQUITY The accompanying notes form part of these fnancial statements' These statements should be read in conjunction with the attached compilation report of Grant Thornton Australia Limtied Accountants' Page 4

6 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2OI2 1 Statement of Significant Accounting Policies This financial report is a special purpose financial report prepared in order to satisfy the requirements of the trust deed to prepare a financial report, The trustee has determined that the trust is not a reporting entity. The financial report has been prepared in accordance with the requirements of the following Australian Accounting Standards: AASB 101: Presentation of Financial Statements AASB 112: lncome Taxes AASB 1031: MaterialitY MSB 1 1O: Events After the Balance Sheet Date AASB 117: Leases No other Australian Accounting standards, urgent lssues Group consensus View or other authoritative pronouncements of the Australian Accounting standards Board have been applied' The fìnancial report is also prepared on an accruals basis and is based on historic costs and does not take into account changing money values or, except where specifically stated, current valuations of non+urrent assets. The following material accounting policies, which are consistent with the previous period unless otherwise stãted, have been adopted in the preparation of this financialreport: Leases Leases of fixed assets where substantially all the risks and benefits incidental to the ownership of the asset, but not the legal ownership are transferred to the entity are classified as finance leases. Finance leases are capitalised by recording an asset and a liability at the lower.of the amounts equal to the fair value óf the leasåd property or the present value.of the minimum lease payments, inåtuoing any guaranteed residual values. Lease payments are allocated between the reduction of the leasé liabilþ and the lease interest expense for the period' Leased assets are depreciated on a straight-line basis over their estimated useful lives. Lease payments for operating leases, where substantially all the risks and benefits remain wíth the lessor,'arä charged as expenses on a straightline basis over the life of the lease term. These notes should be read in conjunclion with the attached compilation report of Grant Thornton Australia Limtied Accountants' Page 5

7 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2OI2 Provisions provisions are recognised when the trust has a legal or constructive obligation, as a result of past events, for which it is probable that an outflow of etonomic benefits will result and that outflow can be reliably measured. provisions recognised represent the best estimate of the amounts required to settle the obligation at reporting date. These notes should be read in conjunction with the attached compilation report of Grant Thornton Australia Limtied Accountants' Page 6

8 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE Cash and Cash Equivalents Cash on Hand Cash At Bank BOQ General ING Direct BOQ Vic Govt Grant High Perform 3 Trade and Other Receivables Current Trade Debtors ? ,690 Non-Gurrent Loan - CataPult SPorts PtY Ltd Trade and Other PaYables Current Unpaid Present Entitlement The Van De Griendt FamilY Trust The Holthouse FamilY Trust lncome in Advance GST Payable Fringe Benefits Tax PaYable 115, , ,029 69, ,286 35, , , ,029 43, ,351 These notes should be read in conjunclion with the attached compilation report of Grant Thornton Austral a Limtied Accountants' PageT

9 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2OI2 20' Financial Liabilities Current Trade Creditors Accrued Expenses Total current fi nancial liabilities 32,498 70, Provisions Current Liability for SuPerann uation Tax Liabilities Gurrent Tax payable These notes should be read in conjunction with the attached compilat on report of Grant Thornton Australia Limtied Accountants' Page 8

10 DIRECTORS' DECLARATION The directors of the trustee company declare that the trust is not a reporting entþ and. that this special purpose financial report shoutd oe prepareo in accordance with the accounting policies outlined in Note 1 to the financial statements. The directors of the trustee company declare that: 1 The fina on pages 3 to I present faírly the trust's financial position ce for ihe year ended on that date in accordance with the ote 1 to the financial statements; 2 ln the pay its directors' opinion there are reasonable grounds to believe that the trust will be able to debts as and when they become due and payable' This declaration is with a resolution of the Board of Directors of the trustee company Director: Mr Shaun fæ:'ils,[ Director: Mr Griendt freiill Dated this day of Page 9

11 GATAPULT INNOVATIONS PTY LTD MINUTES OF MEETING OF DIRECTORS Held at: Levell, 183 Ferrars Street, South Melbourne, VIC 3205 On: Minutes: The chairperson reported that the minutes of the previous meeting had been signed as a true record. Financial RePorts and Notes to the Financial Statements: Directors' Declaration: Compilation RePoÉ: The chairperson tabled the financial statements and notes to the financial statementé of the entity in respect of the year ended 30 June 2012 and it was resolved that they be and are hereby adopted as tabled' The Chairperson tabled the Directors' Declaration in respect of the year ended 30 June 2012 and it was resolved that such Directors' Declaration be approved and signed by one director on behalf of the board. It was noted that the Compilation Report would be signed following the signing of the Directors' Declaration. There being no further business the meeting then closed. Signed as a true record Mr Shaun Holthouse (ChairPerson) freî:så

12 MINUTES OF MEETING OF DIRECTORS Held at: On: Level 1, 183 Ferrars Street, South Melbourne, VIC June, 2012 Minutes The chairperson reported that the minutes of the previous meeting had been signed as a true record. Distribution of lncome: It was resolved that the net income of the trust for the year ended 30 June, 2012be distributed in accordance with the unit holdings' There further business the meeting then closed Signed as a true record Mr Shaun Holthouse (ChairPerson)