Cellmid 2018 Annual Report 57
The following are the aggregate totals, for each category, relieved under the deed.
Parties to the Deed Parties to the Deed
of Cross Guarantee of Cross Guarantee
2018 2017 (Restated)
$ $
STATEMENT OF FINANCIAL POSITION
CURRENT ASSETS
Cash and cash equivalents 722,681 3,369,127
Trade and other receivables 196,051 181,267
Inventories 548,509 573,535
Other assets 186,993 73,873
TOTAL CURRENT ASSETS 1,654,234 4,197,802
NON-CURRENT ASSETS
Plant and equipment 688,395 719,742
Intangible assets 1,440 1,440
Loan - Advangen Inc 2,765,440 3,197,730
TOTAL NON-CURRENT ASSETS 3,455,275 3,918,912
TOTAL ASSETS 5,109,509 8,116,714
CURRENT LIABILITIES
Trade and other payables 1,150,885 1,302,385
Loans and borrowings 2,007,427 1,783,822
Employee provisions 175,345 306,755
TOTAL CURRENT LIABILITIES 3,333,657 3,392,962
NON-CURRENT LIABILITIES
Employee provisions 4,444 1,837
Loans and borrowings - -
TOTAL NON-CURRENT LIABILITIES 4,444 1,837
TOTAL LIABILITIES 3,338,101 3,394,799
NET ASSETS 1,771,408 5,312,717
EQUITY
Issued capital 38,014,078 36,715,030
Reserves 2,169,778 2,058,288
Accumulated losses (38,412,448) (34,051,403)
TOTAL EQUITY 1,771,408 4,721,915
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME:
Loss before income tax (4,361,045) (4,597,473)
Income tax expense - -
Loss after income tax (4,361,045) (4,597,473)
Loss attributable to members of the parent entity (4,361,045) (4,597,473)
ACCUMULATED LOSSES:
Accumulated Losses at the beginning of the year (34,051,403) (29,194,127)
Loss after income tax + Transfer SOCE (4,361,045) (4,545,396)
Inventory restatement - (311,880)
Accumulated Losses at the end of the year (38,412,448) (34,051,403)