run out off money....14 Oct 2013 15:56
Material Uncertainty Regarding Continuation as a Going Concern
Without modiffing our opinion, we draw attention to Note 2 in the financial report, which indicates that for the year ended 30 June 2013 the consolidated entity incurred a net loss of $ I 1,933,583 , had net cash outflows from operating activities of 56,378,448, and as at this date, had net current liabilities of $9,393,408. These conditions, along with other matters as set forth in Note 2, tndicafe the existence of a material uncertainty which may cast sigrrificant doubt about the ability of the company and the consolidated entity to continue as going concems and therefore whether they will realise their assets and discharge their liabilities in the normal course of business.