Investor Relations
Financial Highlights

Results and Financial Position of the Group

The following table summarizes the results of the Group from FY2014 to FY2016

 

Year ended 31 December

 

2014

CAD

2015

CAD

2016

CAD

Revenue

 

1,824,240

1,060,314

1,647,025

Gross loss

 

1,019,184

827,162

1,074,069

Loss for the year

 

3,393,013

26,589,321

4,263,282

The following table summarizes the financial position of the Group from FY2014 to FY2016

 

As at 31 December

 

2014

CAD

2015

CAD

2016

CAD

Current assets

 

2,721,229

13,165,855

7,896,496

Current liabilities

 

1,328,159

1,318,443

1,891,804

Net current assets

 

1,393,070

11,847,412

6,004,692

Total Assets

37,113,314

51,526,431

37,766,715

Key Financial Ratios

The following table summarizes the key financial ratios:

 

As at 31 December

 

2014

2015

2016

Current ratio (1)

 

2.0 times

10.0 times

4.2 times

Gearing ratio (2)

 

10%

8%

6%

Note:

1) Current ratio is calculated based on the total current assets divided by the total current liabilities as at the respective year end.

2) Gearing ratio is calculated based on the total debt divided by the total equity as at the respective year end and multiplied by 100%.

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