Pacific Bauxite : Western Yilgarn PGM Pty Ltd - Financial Report 31 Dec 2021

Western Yilgarn PGM Pty Ltd

ACN 644 650 582

Interim Financial Report For the half-year ended

31 December 2021

CONTENTS
Corporate Directory …………………………………………………………………………………………………………… .……….	1
Statement of Profit or Loss and Other Comprehensive Income ……………………………………………………	2
Statement of Financial Position ……………………………………………………………………………………………………	3
Statement of Changes in Equity ……………………………………………………………………………………………………	4
Statement of Cash Flows ………………………………………………………………………………………………………………	5
Notes to the Financial Statements ……………………………………………………………………………………………… ..	6 - 11
Directors' Declaration ………………………………………………………………………………………………………………… .	12
Independent Auditor's Report …………………………………………………………………………………………………… ..	13 - 14

CORPORATE DIRECTORY

DIRECTORS

David Michael

COMPANY SECRETARY

David Michael

PRINCIPAL AND REGISTERED ADDRESS Level 1

115 Cambridge Street West Leederville, WA, 6901

Phone:

[phone]

AUDITORS Rothsay Auditing

Level 1, Lincoln House 4 Ventnor Avenue West Perth WA 6005

1

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

FOR THE HALF YEAR ENDED 31 DECEMBER 2021

Half year	Year ended
31-Dec-21	30-Jun-21
$	$

CONTINUING OPERATIONS

Accountancy	(550)	-
Filing Fees	(276)	-
Fines	(427)	-
General Expenses	(17,898)	-
Licenses, Registrations and Permits	-	(5,416)
Rates	(3,964)	-
Rent	-	(9,476)
PROFIT/(LOSS) BEFORE INCOME TAX	(23,115)	(14,892)
Income tax benefit	-	-
PROFIT/(LOSS) FROM CONTINUING OPERATIONS	(23,115)	(14,892)
Other comprehensive income	-	-
TOTAL COMPREHENSIVE PROFIT/(LOSS) FOR THE YEAR	(23,115)	(14,892)

The Statement of Profit or Loss and Other Comprehensive Income is to be read in conjunction with the attached notes.

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2021

31-Dec-21 $

30-Jun-21 $

CURRENT ASSETS

Cash and cash equivalents	3	6	3
Trade and other receivables	4	225	-
TOTAL CURRENT ASSETS	231	3
NON-CURRENT ASSETS
Intangibles	5	994	994
TOTAL NON-CURRENT ASSETS	994	994
TOTAL ASSETS	1,225	997
NON-CURRENT LIABILITIES
Loan - Melvista Family Trust	6	29,567	14,892
Loan - David Michael	6	8,291	994
Loan - Pacific Bauxite Limited	1,368	-
TOTAL NON-CURRENT LIABILITIES	39,226	15,886
TOTAL LIABILITIES	39,226	15,886
NET LIABILITIES	(38,001)	(14,889)
EQUITY
Issued capital	7	6	3
Accumulated losses	(38,007)	(14,892)
TOTAL EQUITY	(38,001)	(14,889)

The Statement of Financial Position is to be read in conjunction with the attached notes.