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Page 1 of 25 MONTALVO FAMILY TRUST ABN 26 338 409 674

DIRECTOR’S REPORT The director of the trustee company presents the report on the trust for the financial year ended 30th June 2009. The name of the director of the trustee company in office at any time during or since the end of the year is: GUILLERMO MONTALVO The net profit/(loss) of the trust for the financial year after providing for income tax was; $(12,144), [2008 $(4,773)]. No significant changes in the trusts state of affairs occurred during the financial year. The principal activities of the trust during the financial year was the operation of a travel agency service. No significant change in the nature of these activities occurred during the year. No matters or circumstances have arisen since the end of the financial year which significantly affected or may significantly affect the operations of the trust, the results of those operations, or the state of affairs of the trust in future financial years. Likely developments in the operations of the trust and the expected results of those operations in future financial years have not been included in this report as the inclusion of such information is likely to result in unreasonable prejudice to the trust. The trust’s operations are not regulated by any significant environmental regulation under a law of the Commonwealth or of a State or Territory.

The accompanying notes form part of these financial statements.

Page 2 of 25 MONTALVO FAMILY TRUST ABN 26 338 409 674

TRUSTEE’S REPORT Continued: No indemnities have been given or insurance premiums paid, during or since the end of the financial year, for any person who is or has been an officer or auditor of the trust. No person has applied for leave of Court to bring proceedings on behalf of the trust or intervene in any proceedings to which the trust is a party for the purpose of taking responsibility on behalf of the trust for all or any part of those proceedings. The trust was not a party to any such proceedings during the year. Signed in accordance with a resolution of the director of the trustee company:

Director GUILLERMO MONTALVO Dated this 7th December 2009

The accompanying notes form part of these financial statements.

Page 3 of 25 MONTALVO FAMILY TRUST ABN 26 338 409 674

INDEPENDENT AUDIT REPORT TO To the trustees of Montalvo Family Trust (ABN 26 338 409 674) International Air Transport Association and the Trustees of the Travel Compensation Fund. Report on the Financial Report We have audited the accompanying financial report of Montalvo Family Trust, being a special purpose financial report which comprises the balance sheet as at 30th June 2009, and the statement of financial performance for the year then ended, a summary of significant accounting policies, other explanatory notes and the trustees’ declaration as set out on pages 6 to 22. Trustees’ Responsibility for the Financial Report The trustees of the trust is responsible for the preparation and fair presentation of the financial report and have determined that the accounting policies described in Note 1 to the financial statements, which form part of the financial report, are appropriate to meet the requirements of the Corporations Act 2001 and are appropriate to meet the needs of the trustees, the Trustees of the Travel Compensation Fund and the International Air Transport Association (I.A.T.A.). The trustees responsibility also includes establishing and maintaining internal control relevant to the preparation and fair presentation of the financial report that is free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances. Auditor’s Responsibility Our responsibility is to express an opinion on the financial report based on our audit. No opinion is expressed as to whether the accounting policies used, as described in Note 1, are appropriate to meet the needs of the trustees, the Trustees of the Travel Compensation Fund and the International Air Transport Association (I.A.T.A.),. We conducted our audit in accordance with Australian Auditing Standards. These Auditing Standards require that we comply with relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain reasonable assurance whether the financial report is free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial report. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial report, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial report 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 entity’s internal control.

The accompanying notes form part of these financial statements.

Page 4 of 25 MONTALVO FAMILY TRUST ABN 26 338 409 674

CONTINUED: An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the trustees, as well as evaluating the overall presentation of the financial report. The financial report has been prepared for distribution to trustees of the entity, the Trustees of the Travel Compensation Fund and the International Air Transport Association (I.A.T.A.), for the purpose of fulfilling the trustees financial reporting under the Corporations Act 2001. We disclaim any assumption of responsibility for any reliance on this report or on the financial report to which it relates to any person other than the trustees, the Trustees of the Travel Compensation Fund and the International Air Transport Association (I.A.T.A.), or for any purpose other than that for which it was prepared. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Independence In conducting our audit, we have complied with the independence requirements of the Corporations Act 2001.

Auditor’s Opinion In our opinion, the financial report of Montalvo Family Trust is in accordance with the Corporations Act 2001, including: i. ii. iii. giving a true and fair view of the trust’s financial position as at 30th June 2009 and of its performance for the year ended on that date in accordance with Note 1; and present a view which is consistent with our understanding of the entity’s financial position and the results of its operations; and complying with Australian Accounting Standards to the extent described in Note 1 and complying with the Corporation Regulations 2001.

The accompanying notes form part of these financial statements.

Page 5 of 25 MONTALVO FAMILY TRUST ABN 26 338 409 674

CONTINUED: Qualifications i. The Trusts 2008 financial report was not audited. This has an impact on our audit for 2009 by way of restricting our ability to form an unqualified opinion for 2009 due to not having sufficient audit evidence as to whether the 2008 comparatives are free from material misstatement, The liability amount for monies held in Trust as at 30 June 2009 was $7,702 whereas the asset amount in the form of Cash at Bank was only $6,208. It was not practicable for us to identify the reason for this difference during our audit review, The trust has to date been relying on the financial support of the beneficiary. In our opinion unless there is a significant increase in business operations in the near future, this support will continue to be required in order for the Trust’s agency business to be considered a “Going Concern”.

ii.

iii.

Date: Name of Partner: Name of Firm: Address: Signature:

7th December 2009 George Carydias

Reg No: 10450

Michael Harvey & Co Pty Ltd 49 Stanley Avenue, Mount Waverley, Vic 3149 .

The accompanying notes form part of these financial statements.

Page 6 of 25 MONTALVO FAMILY TRUST ABN 26 338 409 674

STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 30TH JUNE 2009 Note 2009 $ Revenues from ordinary activities Depreciation and amortisation expenses Other expenses from ordinary activities Total available for distribution Distribution to Beneficiaries Retained Earnings & (Accumulated Losses) 12 2 3 95,647 11,454 96,337 (12,144) (12,144)

2008 $ 93,691 8,492 89,972 (4,773) (4,773)

The accompanying notes form part of these financial statements.

Page 7 of 25 MONTALVO FAMILY TRUST ABN 26 338 409 674

STATEMENT OF FINANCIAL POSITION AS AT 30TH JUNE 2009 Note CURRENT ASSETS Cash Receivables Directors Loan TOTAL CURRENT ASSETS NON-CURRENT ASSETS Property, plant and equipment Intangible assets TOTAL NON-CURRENT ASSETS TOTAL ASSETS CURRENT LIABILITIES Accounts Payable Other Liabilities Unpaid Beneficiary Entitlement TOTAL CURRENT LIABILITIES NON CURRENT LIABILITIES Bank Overdraft Bank Loan TOTAL CURRENT LIABILITIES TOTAL LIABILITIES NET ASSETS TRUST FUNDS Settlement Funds Retained profits(Loss) TOTAL TRUST FUNDS

2009 $ 15,863 7,045 58,361 81,269

2008 $ 74,186 9,681 83,867

5 6

7 8

45,008 5,357 50,365 131,634

50,371 11,450 61,821 145,688

9 10 11

13,289 13,289

60,246 64,449 2,650 127,345

50,244 84,993 135,237 148,526 (16,892)

23,091 23,091 150,436 (4,748)

12

25 (16,917) (16,892)

25 (4,773) (4,748)

The accompanying notes form part of these financial statements.

Page 8 of 25 MONTALVO FAMILY TRUST ABN 26 338 409 674

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2009 NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES The financial report is a special purpose financial report that has been prepared in accordance with Australian Accounting Standards except for AASB 1026 and AAS28 Statement of Cash Flows and AASB 112 income taxes (Tax Effect Accounting); in accordance with Urgent Issues Group Consensus Views and other authoritative pronouncements of the Australian Accounting Standards Board and the Corporations Act 2001 as it applies to large proprietary companies. The financial report is for Montalvo Family Trust as an individual entity. Montalvo Family Trust is a discretionary trust, with a domiciled in Australia. These Financial Statements have been prepared in order to satisfy the accounting requirements, the trustees of the Travel Compensation, the International Air Transport Association (I.A.T.A.), and for the use by the trustees of the trust. The financial report has been prepared on an accruals basis and is based on historical costs and does not take into account changing money values or, except where stated, current valuations of non-current assets. Cost is based on the fair values of the consideration given in exchange for assets. The following is a summary of the material accounting policies adopted by the trust in the preparation of the financial report. The accounting policies have been consistently applied, unless otherwise stated.

a.

Property, Plant and Equipment Each class of property, plant and equipment are carried at cost or fair value less, where applicable, any accumulated depreciation. Plant and equipment are measured on the cost basis. 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 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 not been discounted to present values in determining the recoverable amount.

The accompanying notes form part of these financial statements.

Page 9 of 25 MONTALVO FAMILY TRUST ABN 26 338 409 674

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2009 NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES The depreciation rates used for each class of depreciable asset are: Class of Fixed Asset Depreciation Rate Office Equipment 7.5% to 10% DVM Furniture & Fittings 7.5% DVM Motor Vehicle 22.5% DVM b. Leases Leases of fixed assets, where substantially all the risks and benefits incidental to the ownership of the asset, but not legal ownership, are transferred to the trust are classified as finance leases. Finance leases are capitalized recording an asset and a liability equal to the present value of the minimum lease payments, including any guaranteed residual value. Leased assets are depreciated on a straight line basis over their estimated useful lives where it is likely that the trust 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. Lease payments under operating leases, where substantially all the risks and benefits remain with the lessor, are charged as expenses in the periods in which they are incurred. c. Intangibles Intangibles assets, including initial application fees and licenses are recorded at costs. Intangible are amortised on a straight line basis over the period of 20 years. The balance is reviewed annually and any balance representing future benefits for which realisation is considered to be no longer probable is written off.

The accompanying notes form part of these financial statements.

Page 10 of 25 MONTALVO FAMILY TRUST ABN 26 338 409 674

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2008 NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES d. Revenue Commissions are recognized once the conditions of travel have been completed and the principle, on whose behalf money has been collected, and has been paid. Volume incentives are recognized when target levels have been achieved or are anticipated to be achieved. Interest revenue is recognized on a proportional basis taking in to account the interest rates applicable to the financial assets. Dividend revenue is recognised when the right to receive a dividend has been established.

e.

Goods and Services Tax (GST) Revenues, expenses and assets are recognized net of the amount of GST, except where the amount of GST incurred is not recoverable from the Australian Tax Office. In these circumstances the GST is recognized as part of the cost of acquisition of the asset or as part of an item of the expense. Receivables and payables in the Statement of Financial Position are shown inclusive of GST.

The accompanying notes form part of these financial statements.

Page 11 of 25 MONTALVO FAMILY TRUST ABN 26 338 409 674

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2008 NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES f. Financial Assets and Liabilities The accounting policies and terms and conditions of financial assets, liabilities and equity are as follows:Accounts Receivable Accounts receivable are carried at nominal amounts due less any provision for doubtful debts. A provision for doubtful debts is recognised when collection of the full nominal amount is no longer considered probable. Accounts receivable are non-interest bearing. Accounts Payable and Accruals Liabilities are recognised for amounts to be paid in the future for goods and services received, whether or not billed to the trust. Trade liabilities are normally settled on terms ranging between 7 and 30 days. Accounts payable accruals are non interest bearing. Client Deposits Liabilities are recognised to clients upon receipt of funds on behalf of principles. These funds are held in a separate client bank account, and are not available to meet other obligations of the trust. Interest does not accrue to clients on deposits held by the trust.

The accompanying notes form part of these financial statements.

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2009 NOTE 2: REVENUE Operating Revenue Commission on Sales Overrides Rebates Travel Insurance Total Operating Revenue Non-Operating revenue Interest Other Revenue Total Non-Operating Revenue Total Revenue Note 2009 $ 67,881 2,322 24,157 94,360 2008 $ 52,431 992 4,627 32,873 90,923

427 860 1,287
95,647

570 2,198 2,768
93,691

The accompanying notes form part of these financial statements.

Page 13 of 25 MONTALVO FAMILY TRUST ABN 26 338 409 674

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2009 NOTE 3: PROFIT FROM ORDINARY ACTIVITIES 2009 $ 2008 $

Profit from ordinary activities has been determined after: a. Expenses Interest Paid to other persons Depreciation of Office Equipment Amortisation 13,896 5,363 6,091 11,454 Remuneration of auditor — Audit or review — Other services Rental expense on operating leases — Minimum lease payments Contingent rentals on finance leases 51 5,534 2,958 8,492

3,000 -

-

4,320 -

-

The accompanying notes form part of these financial statements.

Page 14 of 25 MONTALVO FAMILY TRUST ABN 26 338 409 674

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2009 NOTE 4: REMUNERATION AND RETIREMENT BENEFITS 2009 $. 2008 $

a.

Remuneration of directors of trustee Remuneration received or receivable by all directors of the trustee company: — from the trustee company or any related party in connection with the management of the trustee company Number of trustee company directors whose income from the trustee company was within the following bands:$0,000 - $9,999

-

-

1

1

The name of the director of the trustee company who has held office during the financial year: GUILLERMO MONTALVO

b.

Retirement Benefits Amounts paid to a superannuation plan for the provision of retirement benefits by: — the trustee or any related party for directors of the trustee company

________

_______

The accompanying notes form part of these financial statements.

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2009 NOTE 5: CASH Cash on Hand Cash at Bank – Westpac Trust monies Term Deposit Total Cash 2009. $. 25 5 6,208 9,625 15,863 2008. $. 25 5 64,531 9,625 74,186

NOTE 6: RECEIVABLES TFN Tax Paid Prepayments GST Receivable Total Receivables 7,045 7,045 262 1,880 7,539 9,681

The accompanying notes form part of these financial statements.

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2009 NOTE 7: PROPERTY, PLANT AND EQUIPMENT 2009. $. 26,673 (4,673) 22,000 Furniture & Fittings at cost Less accumulated depreciation 18,874 (2,928) 15,946 Motor vehicle at cost Less accumulated depreciation 11,039 (3,977) 7,062 Total Property, Plant & Equipment 45,008 2008. $. 26,673 (2,653) 24,020 18,874 (1,635) 17,239 11,039 (1,927) 9,112 50,371

Office Equipment at cost Less accumulated depreciation

a.

Movements in Carrying Amounts Movement in the carrying amounts for each class of property, plant and equipment between the beginning and the end of the current financial year
Office Equipment $ Furniture & Fittings $ Motor Vehicle $ Total $

Balance at the beginning of year Additions Disposals Revaluation increments/(decrements) Depreciation expense Carrying amount at the end of year

24,020 (2,020) 22,000

17,239 (1,293) 15,946

9,112 (2,050) 7,062

50,371 (5,363) 45,008

The accompanying notes form part of these financial statements.

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2009 NOTE 8: INTANGIBLES 2009 $ 926 (448) 478 TCF Contributions Less: Accumulated amortisation 8,132 (3,253) 4,879 Initial Franchise Fee Less: Accumulated amortisation 5,350 (5,350) Total Intangibles 5,357 2008 $ 926 (262) 664 8,132 (1,626) 6,506 5,350 (1,070) 4,280 11,450

Incorporation Costs Less: Accumulated amortisation

NOTE 9: ACCOUNTS PAYABLE Trust creditors Monies Held in Trust Total Accounts Payable 5,587 7,702 13,289 26,410 33,836 60,246

The accompanying notes form part of these financial statements.

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2009 NOTE 10: OTHER LIABILITIES/ (RECEIVABLES) 2009 $ 2008 $ 21,449 43,000 64,449

Directors Loan Account Loans Related Parties Total Other Liabilities (Other Receivables) NOTE 11: UNPAID BENEFICIARY ENTITLEMENT Octavio Montalvo Olivia Montalvo

-

1,325 1,325 2,650

NOTE 12: RETAINED PROFITS\(LOSS) Retained profits (accumulated losses) at the beginning of the financial year Accumulated Profits (Losses) for year Retained profits at the end of the financial year (4,773) (12,144) (16,917) (4,773) (4,773)

The accompanying notes form part of these financial statements.

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2009 NOTE 13: CAPITAL AND LEASING COMMITMENTS a. Finance Lease Commitments Payable — not later than 1 year — later than 1 year but not later than 5 years — later than 5 years Minimum lease payments b. Operating Lease Commitments Non-cancellable operating leases contracted for but not capitalised in the financial statements Payable — not later than 1 year — later than 1 year but not later than 5 years — later than 5 years The property lease is a non-cancellable lease with a 5 year term. It commenced on 1/4/2007 An option exists to renew the lease at the end of the term for an additional 2 term of 5 years.

2009 $ 4,320 12,960 17,280

-

The accompanying notes form part of these financial statements.

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2009 NOTE 14: CONTINGENT LIABILITIES 2009. $. 2008 $ -

Estimates of the maximum amounts of contingent liabilities that may become payable:

NOTE 15: RELATED PARTY TRANSACTIONS a. Sales of travel to related parties are on commercial terms and conditions no more and no less favourable than those available to other customers.

NOTE 17: SEGMENT REPORTING The trust operates in one business and geographical segment, being the operation of a Travel Agency service in Australia. NOTE 18: FINANCIAL INSTRUMENTS a. Interest Rate Risk The trust’s exposure to interest rate risk was minimal. Credit Risk The maximum exposure to credit risk, excluding the value of any collateral or other security, at balance date to recognised financial assets is the carrying amount of those assets, net of any provisions for doubtful debts, as disclosed in the statement of financial position and notes to the financial report. The trust does not have any material credit risk exposure to any single debtor or group of debtors under financial instruments entered into by the trust.

b.

The accompanying notes form part of these financial statements.

Page 21 of 25 MONTALVO FAMILY TRUST ABN 26 338 409 674

c.

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30th JUNE 2009 Net Fair Values The net fair values of listed investments have been valued at the quoted market bid price at balance date adjusted for transaction costs expected to be incurred. For other assets and other liabilities net fair value approximates their carrying value. No financial assets and financial liabilities are readily traded on organised markets in a standardised form other than listed investments. Financial assets where the carrying amount exceeds net fair values have not been written down as the company intends to hold these assets to maturity. The aggregate net fair values and carrying amounts of financial assets and financial liabilities are disclosed in the statement of financial position and in the notes to the financial statements.

NOTE 19: TRUSTS DETAILS The registered office of the trustee is: La Raza Enterprises Pty Ltd ATF Montalvo Family Trust 5 Everage Street, Moonee Ponds VIC 3039 The principal place of business is: Shop 2B Cairnlea Shopping Centre Furlong Road Cairnlea VIC 3023 The principal activity of the company is a Travel Agency.

The accompanying notes form part of these financial statements.

Page 22 of 25 MONTALVO FAMILY TRUST ABN 26 338 409 674

DIRECTORS’ DECLARATION The director of the trustee company has determined that the trust is not a reporting entity. The director of the trustee has determined that this Special Purpose Financial Report should be prepared in accordance with the accounting policies outlined in Note 1 to the Financial Statements. The Director of the trustee company declares that: 1. The financial statements and notes, as set out on pages 6 to 21 are in accordance with the Corporations Act 2001: a. comply with Accounting Standards as detailed in Note 1 to the Financial Statements and the Corporations Regulations 2001; and b. give a true and fair view of the financial position as at 30th June 2009 and of the performance for the year ended on that date in accordance with the accounting policies described in Note 1 to the Financial Statements. In the directors opinion there are reasonable grounds to believe that the trust will be able to pay its debts as and when they become due and payable.

2.

This declaration is made in accordance with a resolution of the Director.

Director GUILLERMO MONTALVO Dated this 7th December 2009

The accompanying notes form part of these financial statements.

Page 23 of 25 MONTALVO FAMILY TRUST ABN 26 338 409 674

PRIVATE INFORMATION FOR THE DIRECTOR OF THE TRUSTEE ON THE 2009 FINANCIAL ACCOUNTS The Additional Financial Data presented in the following pages is in accordance with the books and records of Montalvo Family Trust (our client) which have been subjected to the auditing procedures applied in our Audit of the Trust the period ended 30th June 2009. It will be appreciated that our Statutory Audit did not cover all details of the Additional Financial Data. Accordingly, we do not express an opinion on such Financial Data and no warranty of accuracy or reliability is given. Neither the firm, nor any member or employee of the firm, undertakes responsibility in any way whatsoever to any person (other than our client) in respect of such data, including any errors or omissions therein however caused.

Date: Name of Partner: Name of Firm: Address: Signature:

5th December 2009 George Carydias Michael Harvey & Co Pty Ltd 49 Stanley Avenue, Mount Waverley, Vic 3149 .

The accompanying notes form part of these financial statements.

Page 24 of 25 MONTALVO FAMILY TRUST ABN 26 338 409 674
Detailed Profit & Loss For the year ending 30th June 2009 2009 $
Income Commissions CRS Rebates Overrides Rebates & Incentives Interest Travel Insurace Other Revenue Total Income 67,881 2,322 427 24,157 860 95,647 52,431 1,164 992 3,463 570 32,873 2,198 93,691

2008 $

Less Expenses Accounting & Audit Fees Advertising Amortisation Bank Charges Bookkeeping Borrowing Costs Credit Card Fees Conferences Computer Reservation Computer Supplies Depreciation Donations Electricity Filing Fees Franchise Fees General Expense Hire of Equipment Insurance Interest Paid Internet Leasing Charges Motor vehicle costs Sub-Total 3,567 12,918 6,091 2,325 3,760 736 2,888 600 4,654 142 5,363 160 1,312 212 5,500 111 240 359 13,896 808 4,320 1,144 71,106 3,645 18,602 2,958 944 3,563 1,587 1,201 5,382 5,534 110 2,356 212 6,000 586 3,192 51 1,440 1,787 59,150

The accompanying notes form part of these financial statements.

Page 25 of 25 MONTALVO FAMILY TRUST ABN 26 338 409 674
ContinuedB/Forward Balance Postage Printing & Stationary Rates Rent Staff Amenities Training, Seminars and Educationals Subscriptions Telephone Total Expenses 71,106 436 357 31,262 362 604 3,664 107,791 59,150 291 1,880 120 30,944 3,228 1,072 601 1,178 98,464

Net Profit / (Loss) before income tax

(12,144)

(4,773)

The accompanying notes form part of these financial statements.