National Patient Transport Pty Ltd and controlled entities ABN

National Patient Transport Pty Ltd and controlled entities Consolidated Financial report For the year ended 30 June 2017

TABLE OF CONTENTS Directors' report... 1-3 Auditor's independence declaration... 4 Financial report Consolidated statement of profit or loss and other comprehensive income... 5 Consolidated statement of financial position... 6 Consolidated statement of changes in equity... 7 Consolidated statement of cash flows... 8 Notes to financial statements... 9-27 Directors' declaration... 28 Independent auditor's report... 29-31

DIRECTORS' REPORT The directors present their report together with the financial report of the group, being the company and its controlled entities, for the year ended 30 June 2017 and auditor's report thereon. Directors names The names of the directors in office at any time during or since the end of the year are: Jeffrey Michael Wilson Stuart Richardson Kenneth Reginald Barker (Appointed 23 June 2017) The directors have been in office since the start of the year to the date of this report unless otherwise stated. Results The profit of the group for the year after providing for income tax amounted to $2,499,311 (2016: $1,544,793). Review of operations The group continued to engage in its principal activity, the results of which are disclosed in the attached financial statements. Significant changes in state of affairs There were no significant changes in the group's state of affairs that occurred during the financial year, other than those referred to elsewhere in this report. Principal activities The principal activity of the group during the year was the provision of non-emergency transport services to patients. No significant change in the nature of these activities occurred during the year. - 1 -

DIRECTORS' REPORT After balance date events No matters or circumstances have arisen since the end of the financial year which significantly affected or may significantly affect the operations of the group, the results of those operations, or the state of affairs of the group in future financial years. Likely developments The group expects to maintain the present status and level of operations. Environmental regulation The group's operations are not regulated by any significant environmental regulation under a law of the Commonwealth or of a State or Territory. Dividends paid, recommended and declared No dividends were paid or declared since the start of the year. No recommendation for payment of dividends has been made. Options No options over unissued shares or interests in the group were granted during or since the end of the year and there were no options outstanding at the end of the year. Indemnification of officers No indemnities have been given or insurance premiums paid, during or since the end of the year, for any person who is or has been an officer of the group. Indemnification of auditors No indemnities have been given or insurance premiums paid, during or since the end of the year, for any person who is or has been an auditor of the group. Auditor's independence declaration A copy of the auditor's independence declaration under section 307C of the Corporations Act 2001 in relation to the audit for the financial year is provided with this report. - 2 -

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME Note 2017 2016 $ $ Revenue 2 46,471,628 35,719,039 Less: expenses Employee benefits expense 3 (36,398,719) (28,176,388) Depreciation expense 3 (1,541,631) (1,267,212) Motor vehicle costs (2,010,438) (1,482,277) Cost of sales - equipment (10,878) (87,191) Finance costs 3 (288,511) (381,246) Occupancy expense (711,215) (548,608) Contractor costs (83,500) (62,975) Other expenses (1,855,602) (1,504,932) (42,900,494) (33,510,829) Profit before income tax expense 3,571,134 2,208,210 Income tax expense 4 (1,071,823) (663,417) Net profit from continuing operations 2,499,311 1,544,793 Other comprehensive income for the year - - Total comprehensive income 2,499,311 1,544,793 The accompanying notes form part of these financial statements. - 5 -

CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2017 Note 2017 2016 $ $ Current assets Cash and cash equivalents 6 3,509,757 1,683,431 Receivables 7 5,133,711 4,570,616 Other assets 8 186,057 144,083 Total current assets 8,829,525 6,398,130 Non-current assets Intangible assets 9 13,841,755 13,841,756 Deferred tax assets 4 1,130,017 826,535 Plant and equipment 10 5,821,338 4,905,923 Total non-current assets 20,793,110 19,574,214 Total assets 29,622,635 25,972,344 Current liabilities Payables 11 3,096,504 2,822,791 Borrowings 12 1,088,942 2,137,647 Provisions 13 2,760,742 2,097,967 Current tax liabilities 4 748,673 615,231 Other liabilities 14 25,204 18,697 Total current liabilities 7,720,065 7,692,333 Non-current liabilities Borrowings 12 3,019,996 2,054,536 Provisions 13 426,826 269,038 Total non-current liabilities 3,446,822 2,323,574 Total liabilities 11,166,887 10,015,907 Net assets 18,455,748 15,956,437 Equity Share capital 15 12,032,344 12,032,344 Retained earnings 16 6,423,404 3,924,093 Total equity 18,455,748 15,956,437 The accompanying notes form part of these financial statements. - 6 -

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY Retained Share capital earnings Total equity $ $ $ Consolidated Balance as at 1 July 2015 12,032,344 2,379,300 14,411,644 Profit for the year - 1,544,793 1,544,793 Total comprehensive income for the year - 1,544,793 1,544,793 Balance as at 1 July 2016 12,032,344 3,924,093 15,956,437 Profit for the year - 2,499,311 2,499,311 Total comprehensive income for the year - 2,499,311 2,499,311 Balance as at 30 June 2017 12,032,344 6,423,404 18,455,748 The accompanying notes form part of these financial statements. - 7 -

CONSOLIDATED STATEMENT OF CASH FLOWS Note 2017 2016 $ $ Cash flow from operating activities Receipts from customers 50,552,586 37,947,799 Payments to suppliers and employees (44,574,524) (34,277,677) Interest received 8,743 8,767 Income tax paid (1,241,863) (327,635) Interest and borrowing costs paid (288,511) (381,246) Net cash provided by operating activities 17(b) 4,456,431 2,970,008 Cash flow from investing activities Proceeds from sale of plant and equipment 90,495 126,982 Payment for plant and equipment (2,637,355) (2,785,955) Payment for intangibles - (2,000) Net cash used in investing activities (2,546,860) (2,660,973) Cash flow from financing activities Repayment of commercial bills (632,805) (372,395) Net proceeds from hire purchase liabilities 550,183 1,199,829 Net cash used in financing activities (82,622) 827,434 Reconciliation of cash Cash at beginning of the financial year 1,682,808 546,339 Net increase / (decrease) in cash held 1,826,949 1,136,469 Cash at end of financial year 17(a) 3,509,757 1,682,808 The accompanying notes form part of these financial statements. - 8 -

NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES The financial report is a general purpose financial report that has been prepared in accordance with the Corporations Act 2001 and Australian Accounting Standards - Reduced Disclosure Requirements, Interpretations and other applicable authoritative pronouncements of the Australian Accounting Standards Board. The financial report covers National Patient Transport Pty Ltd and its consolidated entities. National Patient Transport Pty Ltd is a company limited by shares, incorporated and domiciled in Australia. National Patient Transport Pty Ltd is a for-profit entity for the purpose of preparing the financial statements. The financial report was approved by the directors as at the date of the directors' report. The following are the significant accounting policies adopted by the group in the preparation and presentation of the financial report. The accounting policies have been consistently applied, unless otherwise stated. (a) Basis of preparation of the financial report Historical Cost Convention The financial report has been prepared under the historical cost convention, as modified by revaluations to fair value for certain classes of assets and liabilities as described in the accounting policies. (b) Going concern The directors have prepared the financial report on a going concern basis, which contemplates continuity of normal business activities and the realisation of assets and settlement of liabilities on the ordinary course of business. - 9 -

NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) (c) Principles of consolidation The consolidated financial statements are those of the consolidated entity ("the group"), comprising the financial statements of the parent entity and all of the entities for which the parent has the power to control the financial and operating policies and returns. The financial statements of subsidiaries are prepared for the same reporting period as the parent entity, using consistent accounting policies. Adjustments are made to bring into line any dissimilar accounting policies which may exist. All inter-company balances and transactions, including any unrealised profits or losses have been eliminated on consolidation. Subsidiaries are consolidated from the date on which control is transferred to the group and are de-recognised from the date that control ceases. Equity interests in a subsidiary not attributable, directly or indirectly, to the group are presented as noncontrolling interests. Non-controlling interests are initially recognised either at fair value or at the noncontrolling interests proportionate share of the acquired entity s net identifiable assets. This decision is made on an acquisition-by-acquisition basis. Non-controlling interests in the results of subsidiaries are shown separately in the consolidated statement of profit or loss and other comprehensive income and consolidated statement of financial position respectively. (d) Revenue Revenue from the rendering of services is recognised upon the delivery of the service to the customers. Revenue from the sale of equipment is recognised upon the delivery of the equipment to the customers. Interest revenue is recognised when it becomes receivable on a proportional basis taking in to account the interest rates applicable to the financial assets. All revenue is measured net of the amount of goods and services tax (GST). - 10 -

NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) (e) Income tax Current income tax expense or revenue is the tax payable on the current period's taxable income based on the applicable income tax rate adjusted by changes in deferred tax assets and liabilities. Deferred tax assets and liabilities are recognised for temporary differences at the applicable tax rates when the assets are expected to be recovered or liabilities are settled. Deferred tax liabilities are not recognised if they arise from the initial recognition of goodwill. Deferred income tax is also not accounted for if it arises from initial recognition of an asset or liability in a transaction other than a business combination that at the time of the transaction affects neither accounting nor taxable profit or loss. Deferred tax assets are recognised for deductible temporary differences and unused tax losses only if it is probable that future taxable amounts will be available to utilise those temporary differences and losses. Current and deferred tax balances attributable to amounts recognised directly in equity are also recognised directly in equity. Tax Consolidation The parent entity and its subsidiaries have implemented the tax consolidation legislation and have formed a tax-consolidated group. This means that: each entity recognises their own current and deferred tax amounts in respect of the transactions, events and balances of the entity. the parent entity assumes the current tax liability and any deferred tax assets relating to tax losses, arising in the subsidiary, and recognises a contribution to (or distribution from) the subsidiaries. - 11 -

NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) (f) Plant and equipment Plant and equipment is carried at cost, less any accumulated depreciation. The carrying amount of plant and equipment is reviewed annually by directors to ensure it is not in excess of the recoverable amount from those assets. The recoverable amount is assessable on the basis of the expected net cash flows which will be received from the assets employment and subsequent disposal, The expected net cash flows have been discounted to present values in determining recoverable amounts. Depreciation The depreciable amount of all plant and equipment is depreciated over their estimated useful lives commencing from the time the asset is held ready for use. Class of fixed asset Depreciation rates Depreciation basis Leasehold improvements 5-10% Straight line Motor vehicles 10-33% Straight line Furniture and equipment 10-50% Straight line Computer equipment 25-50% Straight line Medical equipment 10-20% Straight line (g) Intangibles Goodwill Goodwill represents the future economic benefits arising from other assets acquired in a business combination that are not individually identifiable or separately recognised. Goodwill is not amortised, but is tested for impairment annually, or more frequently if events or changes in circumstances indicate that it might be impaired, and is carried at cost less any accumulated impairment losses. Intangible assets Except for indefinite useful life intangible assets, which are not amortised but are tested annually for impairment, intangible assets are amortised over their estimated useful lives commencing from the time the asset is available for use. The amortisation method applied to an intangible asset is consistent with the estimated consumption of economic benefits of the asset. - 12 -

NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) (h) Impairment Goodwill is not subject to amortisation and are therefore tested annually for impairment, or more frequently if events or changes in circumstances indicate that they might be impaired. An impairment loss is recognised when the carrying amount of an asset or cash generating unit exceeds the asset's recoverable amount. The recoverable amount of an asset is defined as the higher of its fair value less costs to sell and value in use. Impairment losses in respect of individual assets are recognised immediately in profit or loss unless the asset is carried at a revalued amount such as property, plant and equipment, in which case the impairment loss is treated as a revaluation decrease in accordance with the applicable Standard. The recoverable amount is assessed on the basis of the expected net cash flows which will be received from the assets employment and subsequent disposal. The expected net cash flows have been discounted to present values in determining recoverable amounts. (i) Leases Leases are classified at their inception as either operating or finance leases based on the economic substance of the agreement so as to reflect the risks and benefits incidental to ownership. Finance 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 group are classified as finance leases. Finance leases are capitalised, recording an asset and a liability equal to the fair value or, if lower, the present value of the minimum lease payments, including any guaranteed residual values. The interest expense is calculated using the interest rate implicit in the lease, if this is practicable to determine; if not, the group's incremental borrowing rate is used. Interest expense on finance leases is included in finance costs in the statement of profit or loss. Leased assets are depreciated on a straight line basis over their estimated useful lives where it is likely that the group will obtain ownership of the asset, or over the term of the lease. Lease payments are allocated between the reduction of the lease liability and the lease interest expense for the period in accordance with the effective interest method. Operating leases Lease payments for operating leases, where substantially all the risks and benefits remain with the lessor, are recognised as an expense on a straight-line basis over the term of the lease. Lease incentives received under operating leases are recognised as a liability and amortised on a straightline basis over the life of the lease term. - 13 -

NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) (j) Employee benefits (i) Short-term employee benefit obligations Liabilities arising in respect of wages and salaries, annual leave and any other employee benefits (other than termination benefits) expected to be settled wholly before twelve months after the end of the annual reporting period are measured at the (undiscounted) amounts based on remuneration rates which are expected to be paid when the liability is settled. The expected cost of short-term employee benefits in the form of compensated absences such as annual leave and accumulated sick leave is recognised in the provision for employee benefits. All other short-term employee benefit obligations are presented as payables in the consolidated statement of financial position. (ii) Long-term employee benefit obligations The provision for other long-term employee benefits, including obligations for long service leave and annual leave, which are not expected to be settled wholly before twelve months after the end of the reporting period, are measured at the present value of the estimated future cash outflow to be made in respect of the services provided by employees up to the reporting date. Expected future payments incorporate anticipated future wage and salary levels, durations of service and employee turnover, and are discounted at rates determined by reference to market yields at the end of the reporting period on high quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms approximating to the terms of the related obligation. For currencies in which there is no deep market in such high quality corporate bonds, the market yields (at the end of the reporting period) on government bonds denominated in that currency are used. Any remeasurements for changes in assumptions of obligations for other long-term employee benefits are recognised in profit or loss in the periods in which the change occurs. Other long-term employee benefit obligations are presented as current liabilities in the consolidated statement of financial position if the entity does not have an unconditional right to defer settlement for at least twelve months after the reporting date, regardless of when the actual settlement is expected to occur. All other long-term employee benefit obligations are presented as non-current liabilities in the consolidated statement of financial position. (k) Borrowing costs Borrowing costs including interest expense calculated using the effective interest method and finance charges in respect of finance leases. Borrowing costs are expensed as incurred. (l) Comparatives Where necessary, comparative information has been reclassified and repositioned for consistency with current year disclosures. - 14 -

Note 2017 2016 $ $ NOTE 2: REVENUE Rendering of services 46,294,085 35,354,167 Interest income 8,743 8,767 Equipment sales 168,800 342,146 Profit on sale of plant and equipment - 13,959 46,471,628 35,719,039 NOTE 3: OPERATING PROFIT Profit before income tax has been determined after: Cost of sales - Other cost of goods sold 10,878 87,191 Finance costs - Interest and other borrowing costs 15,548 65,496 - Bank service charges 54,908 108,861 - Hire purchase charges 218,055 206,889 288,511 381,246 Depreciation - Leasehold improvements 3,401 48,850 - Motor vehicles 1,200,378 933,948 - Computer equipment 75,290 72,277 - Office furniture and equipment 18,655 25,560 - Medical equipment 243,907 186,577 1,541,631 1,267,212 Employee benefits 36,398,719 28,176,388 Net loss on disposal of non-current assets - Loss on sale of property, plant and equipment 89,814 - Remuneration of auditors for: - Audit and assurance services 40,000 39,000 - Taxation and other advisory services 9,600 12,300 49,600 51,300-15 -

Note 2017 2016 $ $ NOTE 4: INCOME TAX (a) Components of tax expense Current tax expense 1,374,857 899,955 Deferred tax (303,482) (236,761) Under/(over) provision in prior years 448 223 1,071,823 663,417 (b) Prima facie tax payable The prima facie tax payable on profit before income tax is reconciled to the income tax expense as follows: Prima facie income tax payable on profit before income tax at 30.0% (2015: 30.0%) 1,071,340 662,463 Add tax effect of: - Other non-allowable items 35 731 - Under provision for income tax in prior year 448 223 Income tax expense attributable to profit 1,071,823 663,417 (c) Current tax Current tax relates to the following: Current tax liabilities / (assets) Opening balance 615,231 42,688 Income tax 1,374,857 899,955 Tax payments (1,241,863) (327,635) Under / (over) provisions 448 223 Current tax liabilities / (assets) 748,673 615,231-16 -

Note 2017 2016 $ $ NOTE 4: INCOME TAX (CONTINUED) (d) Deferred tax Deferred tax relates to the following: Deferred tax assets The balance comprises: Employee benefits 945,200 710,102 Provision for doubtful debts 3,122 3,122 Accruals 60,000 - Unpaid superannuation 166,864 160,789 Provision for customer claims 11,070-1,186,256 874,013 Deferred tax liabilities The balance comprises: Plant and equipment 47,852 41,287 Prepayments 8,387 6,191 Net deferred tax asset 1,130,017 826,535 NOTE 5: KEY MANAGEMENT PERSONNEL COMPENSATION Compensation received by key management personnel of the group - short-term employee benefits 801,400 737,605 - post-employment benefits 106,145 68,492 907,545 806,097 Any person having authority and responsibility for planning, directing and controlling the activities of the company, directly or indirectly, including any directors are considered key management personnel. NOTE 6: CASH AND CASH EQUIVALENTS Cash on hand 1,425 1,183 Cash at bank 3,508,332 1,682,248 3,509,757 1,683,431-17 -

Note 2017 2016 $ $ NOTE 7: RECEIVABLES Trade debtors 5,102,911 4,516,962 Provision for doubtful debts (10,405) (10,405) 5,092,506 4,506,557 Other receivables 41,205 64,059 5,133,711 4,570,616 NOTE 8: OTHER ASSETS Prepayments 186,057 144,083 NOTE 9: INTANGIBLE ASSETS Goodwill at cost 13,839,755 13,839,756 Intellectual property at cost 2,000 2,000 13,841,755 13,841,756 (a) Reconciliations Reconciliation of the carrying amounts of intangible assets at the beginning and end of the current financial year Goodwill at cost Opening balance 13,839,756 13,839,756 Closing balance 13,839,756 13,839,756 Intellectual property at cost Opening balance 2,000 - Additions - 2,000 Closing balance 2,000 2,000-18 -

Note 2017 2016 $ $ NOTE 10: PLANT AND EQUIPMENT Leasehold improvements At cost 12,461 - Accumulated depreciation (3,401) - 9,060 - Furniture and equipment at cost 66,343 87,349 Accumulated depreciation (28,061) (47,576) 38,282 39,773 Medical equipment at cost 2,259,066 2,122,352 Accumulated depreciation (1,049,652) (842,421) 1,209,414 1,279,931 Motor vehicles at cost 8,532,694 6,905,785 Accumulated depreciation (4,047,315) (3,404,281) 4,485,379 3,501,504 Computer equipment at cost 254,515 202,109 Accumulated depreciation (175,312) (117,394) 79,203 84,715 5,821,338 4,905,923 (a) Reconciliations Reconciliation of the carrying amounts of property, plant and equipment at the beginning and end of the current financial year Leasehold improvements Opening carrying amount - 48,850 Additions 12,461 - Depreciation expense (3,401) (48,850) Closing carrying amount 9,060 - Furniture and equipment Opening carrying amount 39,773 60,837 Additions 20,944 15,523 Disposals (3,780) (11,027) Depreciation expense (18,655) (25,560) Closing carrying amount 38,282 39,773-19 -

Note 2017 2016 $ $ NOTE 10: PLANT AND EQUIPMENT (CONTINUED) (a) Reconciliations (Continued) Medical Equipment Opening carrying amount 1,279,931 1,126,945 Additions 261,017 357,172 Disposals (87,627) (17,609) Depreciation expense (243,907) (186,577) Closing carrying amount 1,209,414 1,279,931 Motor vehicles Opening carrying amount 3,501,504 2,168,179 Additions 2,267,777 2,350,812 Disposals (83,524) (83,539) Depreciation expense (1,200,378) (933,948) Closing carrying amount 4,485,379 3,501,504 Computer equipment Opening carrying amount 84,715 95,392 Additions 75,156 62,448 Disposals (5,378) (848) Depreciation expense (75,290) (72,277) Closing carrying amount 79,203 84,715 Total plant and equipment Opening carrying amount 4,905,923 3,500,203 Additions 2,637,355 2,785,955 Disposals (180,309) (113,023) Depreciation expense (1,541,631) (1,267,212) Closing carrying amount 5,821,338 4,905,923 NOTE 11: PAYABLES Unsecured liabilities Trade creditors 346,146 587,960 Sundry creditors and accruals 2,750,358 2,234,831 3,096,504 2,822,791-20 -

NOTE 12: BORROWINGS CURRENT NATIONAL PATIENT TRANSPORT PTY LTD AND CONTROLLED ENTITIES Note 2017 2016 $ $ Secured liabilities Bank overdraft - 623 Commercial bills - 632,805 Hire purchase liability 18(a) 1,088,942 1,136,585 Progressive lease contracts - 367,634 1,088,942 2,137,647 NON CURRENT Secured liabilities Hire purchase liability 18(a) 3,019,996 2,054,536 (a) Terms and conditions and assets pledging as security relating to the above financial instruments Commonwealth Bank of Australia banking facilities are secured by: - A First Registered Company Charge by National Patient Transport Pty Ltd over the whole of its assets and undertakings including uncalled capital - First registered mortgage over lease by National Patient Transport Pty Ltd over leased premises located at 20-22 Hardner Road Mount Waverley Victoria 3149. - A guarantee unlimited as to the amount by Platinum Healthcare Pty Ltd supported by the first registered company charge by Platinum Healthcare Pty Ltd over whole of its assets and undertakings including uncalled capital. - A guarantee unlimited as to the amount by NPT Heart Pty Ltd supported by the general security interest by NPT Heart Pty Ltd comprimising the first ranking charge over all present and after acquired property. - A guarantee unlimited as to the amount by National Patient Transport QLD Pty Ltd supported by the general security interest by National Patient Transport QLD Pty Ltd comprimising the first ranking charge over all present and after acquired property. - A guarantee unlimited as to the amount by National Patient Transport SA Pty Ltd supported by the general security interest by National Patient Transport SA Pty Ltd comprimising the first ranking charge over all present and after acquired property. - A guarantee unlimited as to the amount by National Patient Transport WA Pty Ltd supported by the general security interest by National Patient Transport WA Pty Ltd comprimising the first ranking charge over all present and after acquired property. - A guarantee unlimited as to the amount by National Patient Transport NSW Pty Ltd supported by the general security interest by National Patient Transport NSW Pty Ltd comprimising the first ranking charge over all present and after acquired property. - 21 -

Note 2017 2016 $ $ NOTE 13: PROVISIONS CURRENT Employee benefits (a) 2,723,841 2,097,967 Other 36,901-2,760,742 2,097,967 NON CURRENT Employee benefits (a) 426,826 269,038 (a) Aggregate employee benefits liability 3,150,667 2,367,005 NOTE 14: OTHER LIABILITIES CURRENT Revenue received in advance 25,204 18,697 NOTE 15: SHARE CAPITAL Paid-up capital 13,257,368 (2016: 13,257,368) Ordinary Shares (a) 12,032,344 12,032,344 (a) Ordinary Shares 2017 2016 Number $ Number $ Opening balance 13,257,368 12,032,344 13,257,368 12,032,344 At reporting date 13,257,368 12,032,344 13,257,368 12,032,344 Rights of each type of share Ordinary shares Ordinary shares participate in dividends and the proceeds on winding up of the parent entity in proportion to the number of shares held. At shareholders meetings each ordinary share is entitled to one vote when a poll is called, otherwise each shareholder has one vote on a show of hands. - 22 -

Note 2017 2016 $ $ NOTE 16: RETAINED EARNINGS Retained earnings at beginning of year 3,924,093 2,379,300 Net profit 2,499,311 1,544,793 6,423,404 3,924,093 NOTE 17: CASH FLOW INFORMATION (a) Reconciliation of cash Cash at the end of the financial year as shown in the consolidated statement of cash flows is reconciled to the related items in the consolidated statement of financial position is as follows: Cash on hand 1,425 1,183 Cash at bank 3,508,332 1,682,248 Bank overdrafts - (623) 3,509,757 1,682,808 (b) Reconciliation of cash flow from operations with profit after income tax Profit from ordinary activities after income tax 2,499,311 1,544,793 Adjustments and non-cash items Depreciation 1,541,631 1,267,212 Net (gain) / loss on disposal of plant and equipment 89,814 (13,959) Doubtful debts - (2,161) Changes in assets and liabilities Increase in receivables (563,095) (1,252,884) Increase in other assets (41,974) (27,284) Increase in payables 273,713 865,279 Increase in income tax payable 133,443 572,543 Increase in deferred taxes (303,482) (236,761) Increase in provisions 820,563 284,277 Increase / (decrease) in revenue received in advance 6,507 (31,047) Cash flows from operating activities 4,456,431 2,970,008-23 -

Note 2017 2016 $ $ NOTE 17: CASH FLOW INFORMATION (CONTINUED) (c) Finance facility arrangements with banks Bank overdraft 1,250,000 1,250,000 Amount utilised - (623) Unused credit facility 1,250,000 1,249,377 Lease facility 6,000,000 4,000,000 Amount utilised (4,108,938) (3,558,755) Unused credit facility 1,891,062 441,245 Commercial bill facility - 843,740 Amount utilised - (632,805) Unused credit facility - 210,935 NOTE 18: CAPITAL AND LEASING COMMITMENTS (a) Hire purchase commitments Payable - not later than one year 1,271,374 1,291,989 - later than one year and not later than five years 3,288,851 2,243,835 Minimum hire purchase payments 4,560,225 3,535,824 Less future finance charges (451,287) (344,703) Total hire purchase liability 4,108,938 3,191,121 Represented by: Current liability 1,088,942 1,136,585 Non-current liability 3,019,996 2,054,536 4,108,938 3,191,121 Hire purchase commitments are in relation to non-emergency transport vehicles and their fit outs. (b) Operating lease commitments Non-cancellable operating leases contracted for but not capitalised in the financial statements: Payable - not later than one year 328,677 236,407 - later than one year and not later than five years 762,519 628,147 1,091,196 864,554 Operating lease commitments are in relation to leased premises across Victoria and NSW. - 24 -

NOTE 19: CONTINGENT LIABILITIES Note 2017 2016 $ $ A contingent liability exists relative to any future claims which may be made against the group. Bank guarantee facility 1,000,000 1,000,000 Amount utilised (594,683) (688,865) Unused credit facility 405,317 311,135 Bank guarantees are required for the lease of premises at Kingsmeade, NSW ($44,116), Mount Waverley, VIC ($59,327), North Sunshine ($14,300), and the Health Administration Corporation Agreement ($476,940). NOTE 20: PARENT ENTITY DETAILS Summarised presentation of the parent entity, National Patient Transport Pty Ltd, financial statements: (a) Summarised consolidated statement of financial position Assets Current assets 8,829,525 6,398,130 Non-current assets 20,555,889 19,571,355 Total assets 29,385,414 25,969,485 Liabilities Current liabilities 8,196,627 7,872,892 Non-current liabilities 3,214,864 2,323,574 Total liabilities 11,411,491 10,196,466 Net assets 17,973,923 15,773,019 Equity Share capital 12,032,264 12,032,264 Retained earnings 5,941,659 3,740,755 Total equity 17,973,923 15,773,019 (b) Summarised consolidated statement of profit or loss and other comprehensive income Profit for the year 2,200,904 1,387,263 Other comprehensive income for the year - - Total comprehensive income for the year 2,200,904 1,387,263-25 -

NOTE 21: CONTROLLED ENTITIES Subsidiaries of National Patient Transport Pty Ltd: Country of incorporation Ownership interest held by the group 2017 2016 % % Platinum Healthcare Pty Ltd Australia 100 100 NPT Heart Pty Ltd Australia 100 100 National Patient Transport WA Pty Ltd Australia 100 100 National Patient Transport NSW Pty Ltd Australia 100 100 National Patient Transport SA Pty Ltd Australia 100 100 National Patient Transport QLD Pty Ltd Australia 100 100 National Patient Transport VIC Pty Ltd Australia 100 - Ownership interest are the same as voting rights NOTE 22: EVENTS SUBSEQUENT TO REPORTING DATE There has been no matter or circumstance, which has arisen since 30 June 2017 that has significantly affected or may significantly affect: (a) (b) (c) the operations, in financial years subsequent to 30 June 2017, of the group, or the results of those operations, or the state of affairs, in financial years subsequent to 30 June 2017, of the group. - 26 -

NOTE 23: ENTITY DETAILS The registered office of the group is: National Patient Transport Pty Ltd 20-22 Hardner Road MOUNT WAVERLEY VIC 3149-27 -

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NATIONAL PATIENT TRANSPORT PTY LTD Report on the Audit of the Financial Report Opinion We have audited the financial report of National Patient Transport Pty Ltd ''the company'' and it subsidiaries, "the Group", which comprises the consolidated statement of financial position as at 30 June 2017, the consolidated statement of profit or loss and other comprehensive income, consolidated statement of changes in equity and consolidated statement of cash flows for the year then ended, and notes to the financial statements, including a summary of significant accounting policies, and the directors' declaration. In our opinion, the accompanying financial report of the Group, is in accordance with the Corporations Act 2001, including: (a) (b) giving a true and fair view of the Group s financial position as at 30 June 2017 and of its financial performance for the year then ended; and complying with Australian Accounting Standards - Reduced Disclosure Requirements and the Corporations Regulations 2001. Basis for Opinion We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those standards are further described in the Auditor s Responsibilities for the Audit of the Financial Report section of our report. We are independent of the Group in accordance with the auditor independence requirements of the Corporations Act 2001 and the ethical requirements of the Accounting Professional and Ethical Standards Board s APES 110 Code of Ethics for Professional Accountants "the Code" that are relevant to our audit of the financial report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code. We confirm that the independence declaration required by the Corporations Act 2001, which has been given to the directors of the Group, would be in the same terms if given to the directors as at the time of this auditor s report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. - 29 - An independent Victorian Partnership ABN 27 975 255 196 Level 19, 15 William Street, Melbourne VIC 3000 Liability limited by a scheme approved under Professional Standards Legislation Pitcher Partners is an association of independent firms Melbourne Sydney Perth Adelaide Brisbane Newcastle An independent member of Baker Tilly International

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NATIONAL PATIENT TRANSPORT PTY LTD Responsibilities of the Directors for the Financial Report The directors of the Group are responsible for the preparation of the financial report that gives a true and fair view in accordance with Australian Accounting Standards - Reduced Disclosure Requirements and the Corporations Act 2001 and for such internal control as the directors determine is necessary to enable the preparation of the financial report that gives a true and fair view and is free from material misstatement, whether due to fraud or error. In preparing the financial report, the directors are responsible for assessing the Group s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Group or to cease operations, or have no realistic alternative but to do so. Auditor's Responsibilities for the Audit of the Financial Report Our objectives are to obtain reasonable assurance about whether the financial report as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the Australian Auditing Standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this financial report. As part of an audit in accordance with the Australian Auditing Standards, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the financial report, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group s internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - 30 - An independent Victorian Partnership ABN 27 975 255 196 Level 19, 15 William Street, Melbourne VIC 3000 Liability limited by a scheme approved under Professional Standards Legislation Pitcher Partners is an association of independent firms Melbourne Sydney Perth Adelaide Brisbane Newcastle An independent member of Baker Tilly International