Frespac Ginger (Fiji) Pte Limited Audited Financials 30.6.23 8.9.23

FRESPAC GINGER LIMITED
TRIAL BALANCE 12 Months Adjustments 12 Months

FOR THE YEAR ENDED 30 JUNE 2016 June 2016- Draft June 2016- Final
DR CR DR CR DR CR
0.00 0.00
Bank-AUD 251.97 251.97
Bank-FJD 0.00 (573,644.75) (573,644.75)
Petty Cash 654.22 654.22
Trade Receivables 2,376,087.52 2,376,087.52
Inventories: 0.00
Finished goods and work in progress 439,579.25 439,579.25
Raw materials and stores 1,768,282.13 1,768,282.13
Consumables 0.00
Goods in transit 0.00
Other Debtors and deposits: 0.00
VAT Receivable (34,679.91) (34,679.91)
Employee Loans 13,598.51 13,598.51
Deposits 31,484.33 31,484.33
Prepayments 64,279.13 64,279.13
Deferred Tax Asset 0.00
Owing by Buderim Ginger Limited 1,062,401.76 1,062,401.76
Goodwill 232,600.00 232,600.00
Provision for amortisation (147,313.52) (147,313.52)
Trade mark - Other Asset 2,186.25 2,186.25
Leasehold land and building at Cost 2,645,148.36 2,645,148.36
Less Accumulated Provision for Depreciation (1,584,939.82) (1,584,939.82)
Plant & Equipment at Cost 3,991,575.56 3,991,575.56
Less Accumulated Provision for Depreciation (3,012,411.12) (3,012,411.12)
Motor Vehicle at Cost 0.00
Less Accumulated Provision for Depreciation 0.00
Office Equipment at Cost 0.00
CAPITAL C/F EXPENDITURE 0.00
Future Income Tax Benefit 0.00
Bank Overdraft 0.00

Trade Creditors 386,050.17 386,050.17
Other accruals 154,944.25 154,944.25
Provisions 64,628.60 64,628.60
Income Tax 0.00
Annual Leave 0.00
0.00
Borrowings 0.00
Deferred Income Tax Liability 0.00
0.00
Issued Capital 0.00
Retained Earnings 0.00
ARR 0.00
DR CR DR CR DR CR
Export Sales 5,690,686.08 5,690,686.08

Local Sales 28,165.43 28,165.43
Opening Stock 2,078,013.89 2,078,013.89

Purchases 2,885,998.68 2,885,998.68
Direct Labor 649,418.68 649,418.68
0.00
Boiler Fuel 209,414.76 209,414.76
Cleaning 22,985.98 22,985.98
Depreciation 361,543.90 361,543.90
Electricity 114,692.88 114,692.88
Equipment Hire 99,228.77 99,228.77
Indirect Labor 0.00
Lease Costs 0.00
Materials-repairs & maintenance 0.00
Meal Money 15,983.70 15,983.70
Quality Audits 19,958.68 19,958.68
Pest Control 11,625.35 11,625.35
Rates and Water 54,512.24 54,512.24
Rent 19,200.00 19,200.00
Servicing Supplies 84,777.28 84,777.28
Sundry and other expenses 0.00
Uniforms 13,303.50 13,303.50
Less Closing Stock (2,207,861.38) (2,207,861.38) 2,207,861.38
0.00
Commission 73,250.96 73,250.96
Freight 351,885.29 351,885.29
Fumigation 0.00
Sundry expense 30,260.06 30,260.06
0.00
Accounting and Audit Fees 53,899.21 53,899.21
0 - 0.00
Bad and Doubtful Debts 0.00
Bank Charges 7,460.91 7,460.91
Depreciation 26,103.64 26,103.64
FBT 778.00 778.00
Insurance 146,504.73 146,504.73
DR CR DR CR DR CR
Interest 12,139.19 12,139.19
Legal Fees 0.00
Motor Vehicles Running 5,760.52 5,760.52
Printing, postage and stationery 5,910.93 5,910.93
Professional Fees 11,228.08 11,228.08
Repairs and Maintenance 207,709.35 207,709.35
Salary 97,805.51 97,805.51
License Fee 3,128.52 3,128.52
Security 54,027.36 54,027.36
Staff Training 8,753.04 8,753.04
Subscription 635.22 635.22
Superannuation 79,008.46 79,008.46
Sundry 39,760.05 39,760.05
Safety Equipment 9,926.05 9,926.05
Telephone and Facsimile 17,549.54 17,549.54
Travelling Expense 4,816.75 4,816.75
Discount Allowed 0.00
0.00
Sundry income 44,620.42 44,620.42
Gain on Sale of Fixed Assets 122.42 (122.42)
Interest Income 103,811.67 103,811.67
Foreign Exchange Gain - realised 151,034.71 10,123.88 (140,910.83)
Foreign Exchange Gain - unrealised 29,586.28 29,586.28
0.00
Income Tax Expense (19,374.44) (19,374.44)
$ 7,848,784.62 $ 31,978.27 $ - $ - $ 13,540,094.74 $ 7,966,090.00

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FRESPAC GINGER (FIJI) LIMITED
SCHEDULE OF FIXED ASSETS FOR THE PERIOD ENDING 30 JUNE 2020.
CC PARTICULARS ACQ DATE W.D.V. ORIGINAL ADDITION DISPOSALS TOTAL DEP'N ACC DEP'N 2019/20
30-06-19 COST COST RATE 6/30/2019 12
350 FRESPAC ASSETS
INTAKE
1 ELECTRONIC SCALE (PLATFORM) 13-Jul-98 (0.00) 8,539.68 8,539.68 15% 8,539.68 -
1 ONLY 3 PHASE CONVEYER MOTOR 30-Jul-01 (0.00) 1,000.00 1,000.00 25% 1,000.00 -
CAPITAL WORKS - 2002 GINGER STORAGE SITE 1-Jan-02 0.00 48,599.63 48,599.63 33% 48,599.63 -
1 ONLY MODEL L130 DIGITAL INDICATOR SYSTEM FOR PLATFORM SCALE 1-Mar-02 (0.00) 1,108.33 1,108.33 25% 1,108.33 -
2 NEW GINGER WASHING MACHINES 28-Nov-02 - 6,322.70 6,322.70 25% 6,322.70 -
POOL YARD UPGRADE - 2006 1-Mar-06 0.00 17,786.66 17,786.66 33% 17,786.66 -
GINGER WASHING PLANT - EX BUDERIM 31-Dec-10 (0.00) 50,615.71 50,615.71 15% 50,615.71 -
NEW POOL PARK - LTC 30-Jun-14 53,921.86 227,039.42 227,039.42 - 15% 173,117.56 17,027.96
3 TON SCALE (CAS A12SS/V8SS-1 SN: CS200623) 4-Mar-15 1,193.27 3,409.35 3,409.35 15% 2,216.08 511.40
POOL YARD UPGRADE - RIL SITE 1-Jan-20 36,209.17 36,209.17 15% - 2,263.07
55,115.13 364,421.48 36,209.17 227,039.42 173,591.23 309,306.35 19,802.43
DRYING
3 WIRE SKIPS 11-Aug-03 0.00 3,659.43 3,659.43 25% 3,659.43 -
1 MOISTURE ANALYSER - SARTORIUS MA 45 28-Oct-03 - 4,999.38 4,999.38 15% 4,999.38 -
DEXTRON HEATSHRINK BAR SEALER 1-Nov-03 - 2,105.33 2,105.33 20% 2,105.33
ISHIDA 30KG SCALE SN 06120889 4-Jun-04 (0.00) 800.00 800.00 15% 800.00 -
(0.00) 11,564.14 - - 11,564.14 11,564.14 -
BRINING
10 CONCRETE PITS FOR BRINING 31-Dec-97 0.00 69,190.59 69,190.59 15% 69,190.59 -
3 ONLY PUMP JABSCO S/S 415V 1.5KW MOTOR 1-Sep-00 0.00 11,110.44 11,110.44 25% 11,110.44 -
1 ELECTRONIC SCALE (PLATFORM) 24-Aug-05 0.00 7,733.33 7,733.33 15% 7,733.33 -
100 GREEN CRATES 1-Sep-11 - 2,660.87 2,660.87 25% 2,660.87 -
6 MEGA BINS GREY - MARCO POLO 29-Feb-12 0.00 3,138.22 3,138.22 25% 3,138.22 -
50 GREEN CRATES 14-May-12 - 1,115.20 1,115.20 25% 1,115.20 -
BRINE CIRCULATION PROJECT 1-May-13 19,698.12 262,641.54 262,641.54 15% 242,943.42 19,698.11
35 DRICLAD POOLS 28-Feb-14 (0.00) 184,706.72 184,706.72 33% 184,706.72 -
30 BLUE PLASTIC BINS 31-Mar-14 - 22,957.66 22,957.66 25% 22,957.66 -
36 BLUE MEGA BINS WITH FRESPAC LOGO 1-Jul-15 - 22,702.75 22,702.75 25% 22,702.75 -
15 DRICLAD POOLS 31-Mar-16 0.00 69,233.78 69,233.78 33% 69,233.78 -
12 BLUE PLASTIC BINS 31-Dec-16 4,261.85 11,364.94 11,364.94 25% 7,103.09 2,841.24
25 POOL WALLS ONLY 31-Jan-19 17,530.26 20,324.94 20,324.94 33% 2,794.68 6,707.23
25 POOL LINERS ONLY 31-Jan-19 15,845.69 18,371.82 18,371.82 33% 2,526.13 6,062.70
15 DRICLAD POOLS 30-Mar-20 114,993.53 114,993.53 33% - 9,486.97
57,335.93 707,252.80 114,993.53 - 822,246.33 649,916.87 44,796.25
CUTTING & SORTING

GRADING MACHINE 1-Apr-09 (0.00) 29,430.00 29,430.00 15% 29,430.00 -
100 WHITE ROUND BUCKETS 30-May-12 0.00 850.00 850.00 25% 850.00 -
3 FANTECH COMPACT COOLER CCE564 10-May-13 0.00 10,265.69 10,265.69 33% 10,265.69 -
2 FANTECH COMPACT COOLER CCE564 3-Jul-13 0.00 5,049.78 5,049.78 33% 5,049.78 -
GRADING MACHINE DRUM 1-Oct-13 7,807.16 56,779.34 56,779.34 15% 48,972.18 7,807.16
7,807.16 102,374.81 - - 102,374.81 94,567.65 7,807.16
SYRUPING
10 STAINLESS STEEL TANKS 1-Jan-95 - 30,000.00 30,000.00 15% 30,000.00 -
2 D TANKS 1-Jan-95 - 1,050.00 1,050.00 15% 1,050.00 -
2 S/LESS STEEL TANK WITH STIRRERS 1-Jan-95 - 15,869.00 15,869.00 15% 15,869.00 -
PUMPS & HOSES 1-Jan-95 - 13,146.00 13,146.00 15% 13,146.00 -
STEAM JACTED PANS 1-Jan-95 0.00 3,470.73 3,470.73 15% 3,470.73 -
STRAPPING MACHINE 1-Jan-95 - 853.00 853.00 15% 853.00 -
STRAINERS 5-Feb-96 - 700.00 700.00 15% 700.00 -
5 STAINLESS STEEL TANKS 1-Jan-97 0.00 25,093.45 25,093.45 15% 25,093.45 -
30 PLASTIC CRATES 19-May-98 (0.00) 7,162.18 7,162.18 25% 7,162.18 -
EXHAUST OUTLET 17-Jul-98 (0.00) 612.90 612.90 25% 612.90 -
2 BALL VALVES FOR LEACHING TANKS 1-Oct-98 0.00 490.90 490.90 15% 490.90 -
4
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4 S/LESS FILTER TRAYS 29-Oct-98 - 1,760.00 1,760.00 15% 1,760.00 -
BOILING TANK WITH STEAM COIL 26-Jan-96 (0.00) 2,590.62 2,590.62 15% 2,590.62 -
V/ PUMPS, ELEVATORS, VIBRATORS 1-Aug-99 0.00 29,106.29 29,106.29 15% 29,106.29 -
SYRUP VENTILATION 29-Dec-99 (0.00) 6,234.51 6,234.51 15% 6,234.51 -
SYRUP RECIRCULATION 29-Dec-99 0.00 6,736.64 6,736.64 15% 6,736.64 -
CAPITAL WORKS 29-Dec-99 0.00 34,625.52 34,625.52 15% 34,625.52 -
3 S/LESS STEEL TANK WITH STIRRERS 30-Apr-99 0.00 7,386.69 7,386.69 15% 7,386.69 -
VACUUM DRUM FILLER - 1 (EX-BUDERIM) 10-Jan-00 0.00 157,632.42 157,632.42 15% 157,632.42 -
240 PAILS WITH LIDS - (BGL) 15-Sep-01 0.00 1,384.19 1,384.19 25% 1,384.19 -
SYRUP MIXERS - LIGHTNIN MIXERS PTY LTD 1-Sep-01 - 6,309.45 6,309.45 25% 6,309.45 -
WATER HEATER & EXCESSORIES 15-Oct-01 0.00 890.66 890.66 25% 890.66 -
CLEAR WATER HOSE 16-Oct-01 (0.00) 742.44 742.44 25% 742.44 -
FLASH EVAPORATION & SYRUP STEAM LINE PROJECT CAPITAL WORKS 31-Dec-02 - 150,497.32 150,497.32 15% 150,497.32 -
SYRUP TANK BASE STANDS (15 ONLY) 17-Jan-03 - 1,800.00 1,800.00 25% 1,800.00 -
SYRUP FILTERING SYSTEM 31-Mar-04 0.00 34,466.97 34,466.97 15% 34,466.97 -
HOT WATER CONTROL & TANK INSULATION 1-Aug-05 - 7,766.63 7,766.63 25% 7,766.63 -
480 SPACE SAVER PAILS 1-Nov-05 - 4,998.04 4,998.04 25% 4,998.04 -
960 SPACE SAVER PAILS 5-Jan-06 0.00 9,994.53 9,994.53 25% 9,994.53 -
VDF METAL DETECTOR 1-Sep-07 - 23,329.42 23,329.42 15% 23,329.42 -
HEAT RESISTANT SUCTION HOSE FOOD GRADE 5-Dec-07 - 1,466.67 1,466.67 25% 1,466.67 -
FOOD GRADE (BREWERS) HOSE 22-Oct-09 0.00 4,116.89 4,116.89 25% 4,116.89 -
FOOD GRADE (BREWERS) HOSE 23-May-11 0.00 3,847.83 3,847.83 25% 3,847.83 -
HOT WATER TANK 1-Nov-11 0.00 15,325.23 15,325.23 15% 15,325.23 -
2 PLATE AND 1 EARTH MAGNETS 30-Nov-12 442.12 35,369.83 35,369.83 15% 34,927.71 442.12
APEX 300 550X150MM DROP THROUGH METAL DETECTOR 1-May-13 2,017.32 26,897.64 26,897.64 15% 24,880.32 2,017.32
EXHAUST FANS 1-Oct-13 8,759.31 63,704.08 63,704.08 15% 54,944.77 8,759.31
4 SYRUP MIXERS 30-Jun-14 42,768.61 180,078.36 180,078.36 15% 137,309.75 27,011.75
HYDRUM LIFTER 30-Jun-18 16,001.99 18,825.87 18,825.87 15% 2,823.88 2,823.88
8 SQUARE PLASTIC SOLID MEGABINS WHITE 30-Apr-20 - - 7,478.33 7,478.33 25% - 311.60
69,989.37 936,332.90 7,478.33 - 943,811.23 866,343.53 41,365.99
SMALL DICING
1 DICER & 1 SLICER FOR GINGER 25-May-97 (0.00) 37,466.47 37,466.47 15% 37,466.47 -
DICING MACHINERY - EX BUDERIM 1-Aug-05 - 47,713.99 47,713.99 15% 47,713.99 -
METAL DETECTOR 1-Oct-06 - 35,335.47 35,335.47 15% 35,335.47 -
STEFAN BOWL CUTTER 1-Sep-06 - 1,002.85 1,002.85 15% 1,002.85 -
(0.00) 121,518.78 - - 121,518.78 121,518.78 -
CRYSTALLISING
ENROBBING MACHINE 1-Jan-95 0.00 5,988.89 5,988.89 15% 5,988.89 -
STORAGE PAILS (2200) 1-Jan-97 - 16,921.40 16,921.40 25% 16,921.40 -
STORAGE PAILS (200) 24-Apr-98 0.00 5,287.36 5,287.36 25% 5,287.36 -
CONVEYER SYSTEM - (EX-BUDERIM) 1-Sep-98 0.00 30,985.88 30,985.88 15% 30,985.88 -
1 ELECTRONIC SCALE AND FS-6KA SN 200235 1-Oct-98 - 900.00 900.00 15% 900.00 -
PORTABLE MIXER - (EX-BUDERIM) 29-Dec-99 (0.00) 18,600.29 18,600.29 15% 18,600.29 -
300 PLASTIC FOOD TRAYS - VISCOUNT PLASTICS 1-Aug-06 (0.00) 10,364.61 10,364.61 15% 10,364.61 -
300 PLASTIC FOOD TRAYS - STOWERS 1-Jun-16 8,567.29 15,939.14 15,939.14 15% 7,371.85 2,390.87
24000 LRL AIRCONDITIONING UNIT - RECEIVING ROOM 1-May-18 1,427.82 1,862.38 1,862.38 20% 434.56 372.48
9,995.11 106,849.95 - - 106,849.95 96,854.84 2,763.35
PACKED CRYSTALLISED
DRYING ROOM SHELVES 5-Mar-96 (0.00) 1,325.72 1,325.72 15% 1,325.72 -
1 CONVEYOR TABLE 14-Oct-97 - 422.60 422.60 15% 422.60 -
ALCAIR FACTORY AIRCONDITIONER - (EX-BUDERIM) 12-Jun-99 (0.00) 198,659.63 198,659.63 15% 198,659.63 -
HEATERS & CONTROLS FOR DRYER - (EX-BUD) 10-Jan-00 0.00 12,811.75 12,811.75 15% 12,811.74 -
DRYING ROOM RACKS 1-Sep-99 0.00 1,367.05 1,367.05 15% 1,367.05 -
MACHINERY PARTS FROM BUDERIM-INV 166147 25-Jun-01 - 17,859.35 17,859.35 15% 17,859.35 -
UPGRADING OF FACTORY AIRCONDITIONER - (EX-BUDERIM) 1-Mar-02 - 46,562.84 46,562.84 15% 46,562.84 -
METAL DETECTOR 1-Aug-06 - 19,153.85 19,153.85 15% 19,153.85 -
METAL DETECTOR APEX500 MODEL 1-Sep-11 0.00 31,928.90 31,928.90 15% 31,928.90 -
(0.00) 330,091.69 - - 330,091.69 330,091.69 -
RETAIL
PICKLING MACHINERY PARTS - (EX-BUDERIM) 14-Jan-00 (0.00) 70,236.23 70,236.23 15% 70,236.23 -
PICKLE PROJECT - MECHANICAL 10-Feb-00 - 4,301.21 4,301.21 15% 4,301.21 -
5
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PICKLE PROJECT - ELECTRICAL 10-Feb-00 - 13,423.78 13,423.78 15% 13,423.78 -
PICKLE LINE EQUIPMENT 1-May-00 0.00 18,222.38 18,222.38 15% 18,222.38 -
FRESPAC CAPITAL WORKS - (EX-BUDERIM) 30-Jun-00 - 92,423.59 92,423.59 15% 92,423.59 -
CAPITAL WORKS - PROJECT 23 (PICKLE) 1-Sep-00 - 2,767.43 2,767.43 15% 2,767.43 -
1 SCALE-ISHIDA MTX 30W SERIAL NO. 7113347 1-Jul-01 - 3,032.41 3,032.41 15% 3,032.41 -
1 ONLY D-TANK 1-Jun-03 - 320.00 320.00 15% 320.00 -
(0.00) 204,727.03 - - 204,727.03 204,727.03 -
MAINTENANCE
1 ONLY 16' X 16' ALUMINIUM LADDER 6-Jun-03 0.00 577.77 577.77 25% 577.77 -
DURALLOY 230AMP ARC WELDER 1-Jul-06 0.00 1,533.33 1,533.33 15% 1,533.33 -
MAKITA JIGSAW 23-Oct-12 0.00 626.08 626.08 25% 626.08 -
BOSCH PERCUSSION DRILL GSB19-2RE 11-May-15 195.66 521.76 521.76 15% 326.10 78.26
WELDSKILL 200HF WELDER & WELDING HELMET 26-Sep-16 1,232.13 2,097.25 2,097.25 15% 865.12 314.59
HP NB 250 G5 INTEL CORE I5 LAPTOP 1-Feb-17 723.31 1,399.96 1,399.96 20% 676.65 279.99
2,151.11 6,756.15 - - 6,756.15 4,605.04 672.84
LAND & BUILDINGS

GINGER FACTORY (BUILDINGS) 1-Aug-99 1,704.37 1,059,050.00 1,059,050.00 5% 1,057,345.63 1,704.37
GINGER FACTORY (LAND) 1-Aug-99 1,710,000.00 1,710,000.00 690,000.00 2,400,000.00 0% - -
PICKLE SHED 6-Sep-99 2,058.87 117,820.99 117,820.99 5% 115,762.12 2,058.87
FACTORY UPGRADING 31-Mar-99 723.93 340,504.97 340,504.97 5% 339,781.04 723.93
FACTORY UPGRADING - BRINING SECTION 1-Jan-02 6,879.74 55,037.91 55,037.91 5% 48,158.17 2,751.90
33 NEW TUBE LIGHTS WITH COVERS IN BRINING SHED 31-Dec-02 (0.00) 4,498.18 4,498.18 25% 4,498.18 -
FACTORY UPGRADING - BRINING, SYRUPPING, CRYSTALLISING & PICKLE FLOOR 1-Jan-03 - 46,418.62 46,418.62 15% 46,418.62 -
15 NEW TUBE LIGHTS WITH COVERS IN WAREHOUSE 1 & 2 1-Apr-04 (0.00) 1,091.56 1,091.56 25% 1,091.56 -
LADIES CHANGE ROOM 1-Oct-06 - 15,229.89 15,229.89 15% 15,229.89 -
7 SECURITY LIGHTS 1-Sep-06 - 1,725.80 1,725.80 25% 1,725.80 -
SYRUPING HALL UPGRADE 1-Feb-07 - 40,640.84 40,640.84 25% 40,640.84 -
FACTORY UPGRADE - BRINING ROOF, WAREHOUSE & SECURITY HOUSE 1-Mar-08 (0.00) 15,469.30 15,469.30 15% 15,469.30 -
FACTORY UPGRADE - BRINING BUILDING 1-Dec-08 - 70,741.93 70,741.93 15% 70,741.93 -
HIDAY LIGHTS - CUTTING DEPARTMENT 17-Jan-12 (0.00) 5,521.67 5,521.67 25% 5,521.67 -
ROLLER DOORS 1-Jan-14 24,399.80 139,427.40 139,427.40 15% 115,027.61 20,914.11
BRINE BUILDING CEILING UPGRADE 29-Aug-14 79,692.95 105,089.60 105,089.60 5% 25,396.65 5,254.48
BRINE FLOOR UPGRADE 31-Jan-18 70,103.92 75,448.17 75,448.17 5% 5,344.25 3,772.41
SYRUPING HALL FLOOR UPGRADE 31-Jan-18 188,063.33 202,400.00 202,400.00 5% 14,336.67 10,120.00
2,083,626.91 4,006,116.83 690,000.00 - 4,696,116.83 1,922,489.92 47,300.07
FACTORY OVERHEADS
SHIPPING CONTAINER FOR STORAGE 3-Mar-97 (0.00) 1,875.42 1,875.42 15% 1,875.42 -
ALUMINIUM LADDER 28-Apr-97 - 389.55 389.55 15% 389.55 -
NEW WATER SUPPLY METER 1-Dec-97 0.00 4,245.00 4,245.00 15% 4,245.00 -
OFFICE FURNITURE (CHAIRS & TABLES) 27-Aug-99 (0.00) 1,861.28 1,861.28 15% 1,861.28 -
1 FORKLIFT RAMP 29-Sep-99 0.00 760.91 760.91 15% 760.91 -
FIRE EXTINGUISHERS 31-May-00 - 4,071.14 4,071.14 15% 4,071.14 -
240V SIREN 15-May-00 - 563.63 563.63 15% 563.63 -
FIRE HOSE REEL 1-Jul-00 - 1,336.36 1,336.36 25% 1,336.36 -
WOODEN LOCKERS, RECEPTION PARTITION & BENCHES 11-Feb-03 (0.00) 6,494.75 6,494.75 25% 6,494.75 -
STAINLESS STEEL WATER LINE 1-Aug-05 - 81,907.46 81,907.46 15% 81,907.46 -
KANA ROOM TABLES & BENCHES 1-Mar-08 0.00 4,048.89 4,048.89 20% 4,048.89 -
AUTOMATIC HAND DRYERS - 3 1-Jun-08 - 2,640.00 2,640.00 25% 2,640.00 -
9000 BTU DAIKIN SPLIT SYSTEM AIR CONDITIONER - PM OFFICE. 19-Mar-10 - 1,404.45 1,404.45 20% 1,404.45 -
ELECTRICAL POWER FACTOR UNIT 1-Oct-10 0.00 18,129.96 18,129.96 15% 18,129.96 -
10,000L WATER TANK 5-Apr-11 0.00 1,652.17 1,652.17 15% 1,652.17 -
AVERY SCALE 3205 500KG SN 75570 1-Jun-11 - 1,511.30 1,511.30 15% 1,511.30 -
WAREHOUSE RACKING 31-Dec-11 4,641.03 18,564.13 18,564.13 10% 13,923.10 1,856.41
CAS ER-PLUS SCALE 15/30KG SN 110542106 7-May-12 0.00 860.87 860.87 15% 860.87 -
10 PLASTIC SHOVELS 1-Aug-12 - 3,484.45 3,484.45 20% 3,484.45 -
CAS ER-PLUS SCALE 15/30KG SN 130453470 4-Jul-13 71.30 713.04 713.04 15% 641.74 71.30
10,000L WATER TANK 23-Sep-14 585.63 2,036.96 2,036.96 15% 1,451.33 305.54
K6 200 WATER BLASTER KARCHER 7-Feb-17 616.21 1,192.66 1,192.66 20% 576.45 238.53
2 SCALES UWE ASEP MN ASEP-30 SN ASEP-C5728/C5706 21-Feb-17 930.27 1,431.19 1,431.19 15% 500.92 214.68
STIHL WATER BLASTER MODEL RE119 14-Jun-18 711.20 898.36 898.36 20% 187.16 179.67
FIRE ALARM SYSTEM 17-Jun-19 22,568.80 22,568.80 22,568.80 15% - 3,385.32
6
11/23/2023 706982329.xlsx 04:25:56
CCTV CAMERA SYSTEM 13-Jun-19 11,807.34 11,807.34 11,807.34 15% - 1,771.10
41,931.78 196,450.07 - - 196,450.07 154,518.29 8,022.56
QUALITY CONTROL
LAB EQUIPMENTS 1-Jan-95 0.00 4,394.21 4,394.21 15% 4,394.21 -
MICROLAB 27-Nov-98 (0.00) 5,614.17 5,614.17 15% 5,614.17 -
LAB EQUIPMENTS 23-Mar-99 (0.00) 16,704.48 16,704.48 15% 16,704.48 -
REFRACTORMETER DIGITAL RFM130 1-Jun-00 - 10,315.48 10,315.48 15% 10,315.48 -
HOTPLATE GLASS CERAMIC 160x160mm PLATE 26-Nov-01 - 760.04 760.04 15% 760.04 -
1 ONLY DIGITAL SCALE - SARTORIUS BL1500 SN 15307718 28-Oct-03 - 968.82 968.82 15% 968.82 -
PH METER - SERIAL NO.: 07257 29-Dec-06 - 1,552.84 1,552.84 15% 1,552.84 -
2 ONLY DAIKIN SPLIT SYSTEM AIR CONDITIONER 30-Sep-08 0.00 2,222.22 2,222.22 - 20% 2,222.22 -
WATER CASCADE, MOISTURE ANALYSER, REFRACTOMETER, PH METER & 2 DISPENSOR 31-Mar-13 1,910.59 30,569.43 30,569.43 15% 28,658.84 1,910.59
ACCUPOINT HYGIENE MONITOR - SN AP2-3267-M 1-May-13 448.32 5,977.60 5,977.60 15% 5,529.28 448.32
BALANCE, OHAUS MOISTURE ANALYSER MB90 SN. 31-Oct-17 3,114.63 5,339.36 5,339.36 25% 2,224.73 1,334.84
VIBRA AJ3200CE ANALYTICAL BALANCE SN:171067016 17-May-18 1,271.02 1,743.12 1,743.12 25% 472.09 435.78
1x9000BTU LRL AIR CONDITIONER - WAREHOUSE OFFICE 31-Jul-19 - - 917.43 917.43 20% - 168.20
1x12000BTU LRL AIR CONDITIONER - LAB 16-Jan-20 - - 1,055.05 1,055.05 20% - 87.92
6,744.56 86,161.77 1,972.48 2,222.22 85,912.03 79,417.21 4,385.65
BOILER
BOILER CHEM FEED PUMP 1-Jan-95 - 1,000.00 1,000.00 15% 1,000.00 -
BOILER CHIMNEY (BIG) 1-Jan-95 - 2,655.00 2,655.00 15% 2,655.00 -
BOILER WATER TANK 1-Jan-95 - 1,000.00 1,000.00 15% 1,000.00 -
STEAM LINE 1-Jan-95 - 975.00 975.00 15% 975.00 -
BOILER CHIMNEY (SMALL) 15-Jul-97 - 450.00 450.00 15% 450.00 -
ADDITIONAL STEAM PIPE 13-May-98 (0.00) 733.64 733.64 15% 733.64 -
BOILER COMPRESSOR 31-Mar-99 - 5,245.00 5,245.00 15% 5,245.00 -
BOILER ROOM 12-Feb-99 - 27,272.73 27,272.73 5% 27,272.73 -
BOILERLAND STEAM FIRED BOILER (EX-BUDERIM) 1-May-99 0.00 127,837.24 127,837.24 15% 127,837.24 -
STEAM LINE 1-Jan-99 (0.00) 52,298.22 52,298.22 15% 52,298.22 -
STEAM GATE VALVE 7-Jul-00 (0.00) 1,122.72 1,122.72 15% 1,122.72 -
BOILER UPGRADE - LIMITED ATTENDANCE 1-Feb-07 0.00 38,300.52 38,300.52 15% 38,300.52 -
BOILER COMPRESSOR 3-Feb-11 - 5,267.81 5,267.81 15% 5,267.81
(0.00) 264,157.88 - - 264,157.88 264,157.88 -
740
ADMINISTRATION & FINANCE
OFFICE PARTITION - ACCOUNTS OFFICE 23-Jan-98 (0.00) 374.70 374.70 20% 374.71 -
2 DESKS 26-Feb-98 (0.00) 372.27 372.27 20% 372.27 -
1 ONLY RETURN TABLE - ACCOUNTANT 29-Oct-99 (0.00) 254.55 254.55 20% 254.56 -
FILING CABINET 2-Mar-01 - 270.90 270.90 20% 270.90 -
MYOB PREMIER ACCOUNTING SOFTWARE 1-Sep-00 - 3,181.82 3,181.82 25% 3,181.82 -
COMPUTER SERVER ROOM 24-Jul-03 - 698.07 698.07 20% 698.07 -
WESTINGHOUSE FRIDGE/FREEZER 11-May-04 0.00 959.11 959.11 20% 959.11 -
18000 BTU DAIKIN SPLIT SYSTEM AIR CONDITIONER - BOARD ROOM 31-Jan-06 (0.00) 1,644.44 1,644.44 20% 1,644.44 -
18000 BTU DAIKIN SPLIT SYSTEM AIR CONDITIONER - MICRO LAB 31-Jan-06 - 1,733.33 1,733.33 20% 1,733.33 -
OFFICE FURNITURE - TABLES, CHAIRS, SHELVES & LOCKERS 20-Apr-06 (0.00) 1,546.66 1,546.66 20% 1,546.66 -
OLYMPUS DIGITAL CAMERA FE-270 26-Nov-07 - 344.89 344.89 20% 344.89 -
WORLD AUTOMATIC HAND DRYER 1-Jul-09 - 782.22 782.22 20% 782.22 -
BROTHER FAX 2820 1-May-10 - 467.56 467.56 20% 467.56 -
KONICA MINOLTA BIZHUB 211 COPIER 1-Jul-10 (0.00) 5,942.22 5,942.22 20% 5,942.22 -
LENOVO DESKTOP COMPUTER - ARMILA 28-Feb-11 (0.00) 1,695.65 1,695.65 - 20% 1,695.65 -
LENOVO DESKTOP COMPUTER - PRANEEL SEN 28-Feb-11 (0.00) 1,695.65 1,695.65 - 20% 1,695.65 -
HP COMPUTER - LAW FOOK 1-May-11 (0.00) 1,903.48 1,903.48 20% 1,903.48 -
760 MOTOR VEHICLE - KIA SPORTAGE 18-Oct-11 (0.00) 56,521.74 56,521.74 20% 56,521.74 -
HP COMPUTER - MOHINI 8-May-12 - 2,081.74 2,081.74 - 20% 2,081.74 -
9000 BTU DAIKIN SPLIT SYSTEM AIR CONDITIONER - RECEPTION 1-Nov-13 - 1,126.09 1,126.09 20% 1,126.09 -
350 MOTOR VEHICLE - HYUNDAI SANTA FE 1-Nov-13 - 71,304.35 71,304.35 20% 71,304.35 -
HP 4300 PRO SFF DESKTOP COMPUTERS 16-Jan-14 - 5,608.70 1,869.57 3,739.13 20% 5,608.70 -
HP DESKTOP COMPUTER - RECEPTION 25-Apr-14 - 1,912.17 1,912.17 20% 1,912.17 -
HP PRODESK 600 SFF I5 DESKTOP COMPUTER - FINANACE OFFICE 30-Aug-16 715.60 1,651.39 1,651.39 20% 935.79 330.28
MOTOR VEHICLE - TOYOTA PRIUS HYBRID 26-May-17 10,331.15 17,710.55 17,710.55 20% 7,379.40 3,542.11
24000 LRL AIRCONDITIONING UNIT - FRONT OFFICE 31-Jan-18 1,071.71 1,495.41 1,495.41 20% 423.70 299.08
24000 LRL AIRCONDITIONING UNIT - FINANCE OFFICE 13-Apr-19 1,489.90 1,541.28 1,541.28 20% 51.38 308.26
7
11/23/2023 706982329.xlsx 04:25:56
HP 600 DESKTOP COMPUTER - PRANEEL SEN 9-Jul-19 2,466.05 2,466.05 20% - 452.11
HP PRODESK 600 SFF I5 DESKTOP COMPUTER - SALESH 26-May-20 2,330.28 2,330.28 20% - 38.84
HP PRODESK 600 SFF I5 DESKTOP COMPUTER - MATELITA 15-Jun-20 2,273.39 2,273.39 20% - -
MA-300 BIOMETRIC DOOR ACCESS CONTROL UNIT 24-Jun-20 1,678.90 1,678.90 20% - -
13,608.36 184,820.94 8,748.62 7,342.61 186,226.95 171,212.58 4,970.67
2,348,305.42 7,629,597.21 859,402.13 236,604.25 8,252,395.09 5,281,291.78 181,886.97

TFP ASSETS 1-Jul-99
SYRUPPING - 113,084.24 113,084.24 25% 113,084.24 -
- 113,084.24 - - 113,084.24 113,084.24 -
TOTAL 2,348,305.42 7,742,681.45 859,402.13 236,604.25 8,365,479.33 5,394,376.02 181,886.97
8
11/23/2023 706982329.xlsx 04:25:56
DEP'N ACC DEP'N W.D.V.

DISPOSAL 6/30/2020 6/30/2020
8,539.68 (0.00)
1,000.00 (0.00)
48,599.63 0.00
1,108.33 (0.00)
6,322.70 -
17,786.66 0.00
50,615.71 (0.00)
190,145.51 0.00 (0.00)
2,727.48 681.87
2,263.07 33,946.10
190,145.51 138,963.27 34,627.96
3,659.43 0.00
4,999.38 -
2,105.33 -
800.00 (0.00)
- 11,564.14 (0.00)
69,190.59 0.00
11,110.44 0.00
7,733.33 0.00
2,660.87 -
3,138.22 -
1,115.20 -
262,641.54 0.00
184,706.72 (0.00)
22,957.66 -
22,702.75 -
69,233.78 0.0
9,944.32 1,420.62
9,501.91 10,823.03
8,588.83 9,782.99
9,486.97 105,506.56
- 694,713.12 127,533.21
29,430.00 (0.00)
850.00 0.00
10,265.69 0.00
5,049.78 0.00
56,779.34 (0.00)
- 102,374.81 (0.00)
30,000.00 -
1,050.00 -
15,869.00 -
13,146.00 -
3,470.73 0.00
853.00 -
700.00 -
25,093.45 0.00
7,162.18 (0.00)
612.90 (0.00)
490.90 0.00
9
11/23/2023 706982329.xlsx 04:25:56
1,760.00 -
2,590.62 (0.00)
29,106.29 0.00
6,234.51 (0.00)
6,736.64 0.00
34,625.52 0.00
7,386.69 0.00
157,632.42 0.00
1,384.19 0.00
6,309.45 -
890.66 0.00
742.44 (0.00)
150,497.32 -
1,800.00 -
34,466.97 0.00
7,766.63 -
4,998.04 -
9,994.53 0.00
23,329.42 -
1,466.67 -
4,116.89 -
3,847.83 -
15,325.23 -
35,369.83 0.00
26,897.64 -
63,704.08 -
164,321.50 15,756.86
5,647.76 13,178.11
311.60 7,166.73
- 907,709.51 36,101.72
37,466.47 (0.00)
47,713.99 -
35,335.47 -
1,002.85 -
- 121,518.78 (0.00)
5,988.89 0.00
16,921.40 -
5,287.36 0.00
30,985.88 0.00
900.00 -
18,600.29 (0.00)
10,364.61 (0.00)
9,762.72 6,176.42
807.03 1,055.35
- 99,618.18 7,231.77
1,325.72 (0.00)
422.60 -
198,659.63 (0.00)
12,811.74 0.00
1,367.05 0.00
17,859.35 -
46,562.84 -
19,153.85 -
31,928.90 0.00
- 330,091.69 (0.00)
70,236.23 (0.00)
4,301.21 -
10
11/23/2023 706982329.xlsx 04:25:56
13,423.78 -
18,222.38 0.00
92,423.59 -
2,767.43 -
3,032.41 -
320.00 -
- 204,727.03 (0.00)
577.77 0.00
1,533.33 -
626.08 -
404.36 117.40
1,179.70 917.55
956.64 443.32
- 5,277.88 1,478.27
1,059,050.00 -
- 2,400,000.00
117,820.99 0.00
340,504.97 0.00
50,910.07 4,127.84
4,498.18 (0.00)
46,418.62 -
1,091.56 (0.00)
15,229.89 -
1,725.80 -
40,640.84 -
15,469.30 -
70,741.93 -
5,521.67 -
135,941.72 3,485.68
30,651.13 74,438.47
9,116.65 66,331.52
24,456.67 177,943.33
- 1,969,789.99 2,726,326.84
1,875.42 (0.00)
389.55 -
4,245.00 0.00
1,861.28 (0.00)
760.91 0.00
4,071.14 -
563.63 -
1,336.36 -
6,494.75 (0.00)
81,907.46 -
4,048.89 -
2,640.00 -
1,404.45 -
18,129.96 -
1,652.17 -
1,511.30 -
15,779.51 2,784.62
860.87 -
3,484.45 -
713.04 -
1,756.88 280.08
814.98 377.68
715.60 715.60
366.83 531.53
3,385.32 19,183.48
11
11/23/2023 706982329.xlsx 04:25:56
1,771.10 10,036.24
- 162,540.85 33,909.22
4,394.21 0.00
5,614.17 (0.00)
16,704.48 (0.00)
10,315.48 -
760.04 -
968.82 -
1,552.84 -
2,222.22 - -
30,569.43 -
5,977.60 -
3,559.57 1,779.79
907.88 835.24
168.20 749.23
87.92 967.13
2,222.22 81,580.63 4,331.39
1,000.00 -
2,655.00 -
1,000.00 -
975.00 -
450.00 -
733.64 (0.00)
5,245.00 -
27,272.73 0.00
127,837.24 0.00
52,298.22 (0.00)
1,122.72 (0.00)
38,300.52 -
5,267.81 -
- 264,157.88 0.00
374.71 (0.00)
372.27 (0.00)
254.56 (0.00)
270.90 -
3,181.82 -
698.07 -
959.11 0.00
1,644.44 -
1,733.33 -
1,546.66 -
344.89 -
782.22 -
467.56 -
5,942.22 (0.00)
1,695.65 - -
1,695.65 - -
1,903.48 -
56,521.74 -
2,081.74 - -
1,126.09 -
71,304.35 -
1,869.57 3,739.13 -
1,912.17 -
1,266.07 385.32
10,921.51 6,789.04
722.78 772.63
359.63 1,181.65
12
11/23/2023 706982329.xlsx 04:25:56
452.11 2,013.94
38.84 2,291.44
- 2,273.39
- 1,678.90
7,342.61 168,840.64 17,386.31
199,710.34 5,263,468.41 2,988,926.68
113,084.24 -
- 113,084.24 -
199,710.34 5,376,552.65 2,988,926.68
13
FRESPAC GINGER (FIJI) PTE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
CONTENTS
Page 1 Company Directory
2-3 Directors' Report
4 Statement by Directors
5 Auditor's Independence Declaration to the Directors
6-8 Independent Auditor’s Report
9 Statement of Comprehensive Income
10 Statement of Changes in Equity
11 Statement of Financial Position
12 Statement of Cash Flows
13 - 24 Notes to the Financial Statements
25 Disclaimer to Supplementary Information
26 - 27 Detailed Statement of Profit and Loss

COMPANY DIRECTORY
AS AT 30 JUNE 2023
NATURE OF BUSINESS : Processing and Exporting of Ginger
REGISTERED OFFICE : Lot 13

Wailada Estate
Lami
DIRECTORS : Law Fook Kuen

Thomas Thedal Himstedt
COMPANY SECRETARY : Law Fook Kuen

AUDITORS : PKF aliz pacific

Chartered Accountants & Business Advisors
Suva & Nadi
BUSINESS LOCATION : Lot 14

Wailada Industrial
Lami
BANKERS : Westpac Banking Corporation

Suva
SHAREHOLDERS : Buderim Foods Pty Ltd 198,544 Ordinary Shares fully paid
Page 1
DIRECTORS' REPORT
In accordance with a resolution of directors, the directors herewith submit the statement of financial position of Frespac Ginger (Fiji) Pte Limited as at
30 June 2023, the related statement of profit or loss and other comprehensive income, statement of changes in equity and statement of cash flows for
the year then ended and report as follows:
Directors
The Directors of the Company in office during the financial year and up to the date of this report are:
1) Law Fook Kuen

2) Thomas Thedal Himstedt
3) Andrew Paul Bond
Principal Activities
The principal activity of the Company in the course of the financial year comprised of processing and exporting of ginger. There were no significant
changes in the nature of the activities of the Company during the financial year.
Results
30 June 30 June
2023 2022
$FJ $FJ
Net (Loss) before Income Tax (1,716,619) (331,667)
Income Tax Expense/(Benefit) (341,010) (130,230)
Net (Loss) after Income Tax (1,375,609) (201,438)
Dividends
No dividends have been paid or declared since the commencement of the year and the Directors recommend that no dividend be declared.
Reserves
The Directors recommend that no amounts be transferred to or from reserves.
Bad Debts and Allowance for Impairment on Trade Receivables
The Directors took reasonable steps before the financial statements were made out to ascertain that all known bad debts were written off and adequate
allowance was made for expected loss.
At the date of this report, the directors are not aware of any circumstances which would render the amount written off for bad debts, or the amount of
the allowance for expected loss, inadequate to any substantial extent.
Basis of Accounting - Going Concern
The financial statements have been prepared on a going concern basis. The directors consider the application of the going concern principle to be
appropriate in the preparation of the financial statements as they believe with the plans and strategies put in place by the company together with the
ongoing support of the shareholders and lenders, the company will generate and maintain required funding for its operations and meet its liabilities and
commitments as and when they fall due over the next twelve months. Accordingly, directors believe that the classification and carrying amounts of the
assets and liabilities as stated in the financial statements to be appropriate.
Current Assets
Prior to the completion of the Financial Statements of the Company the Directors took reasonable steps to ascertain whether any current assets were
likely to realise in the ordinary course of the business, their values as shown in the accounting records of the Company.
Where necessary these assets have been written down or adequate provision has been made to bring the values of such assets to an amount they are
expected to realise.
As at the date of this report the Directors are not aware of any circumstances which would render the values attributed to the current assets in the
Company's Financial Statements misleading.
Page 2
DIRECTORS' REPORT
Unusual Transaction
In the opinion of the Directors, the results of the Company during the financial year were not substantially affected by any item, transaction or event
of an abnormal character nor has there arisen between the end of the financial year and the date of this report any item, transaction or an event of an
abnormal character likely in the opinion of the Directors to affect substantially the results of the operations of the Company in the current financial
year.
Events Subsequent to Balance Date
There has not arisen in the interval between the year and the date of this report any item, transactions or event of a material and unusual nature likely,
in the opinion of the Directors, to affect significantly the operations of the Company, the results of those operations or the state of affairs of the
Company in subsequent financial years.
Related Party Transactions
In the opinion of the Directors all related party transactions have been adequately recorded in the books of the Company.
Other Circumstances
As at the date of this report:
(i) No charge on the assets of the Company has been given since the end of the financial year to secure the liabilities of any other person;
(ii) No contingent liabilities has arisen for which the Company could become liable; and
(iii) No contingent liabilities or other liabilities of any Company has become or is likely to become enforceable within the year after the end of the
financial year which in the opinion of the Directors will or may substantially affect the ability of the Company to meet its obligation as and
when they fall due.
As at the date of this report the Directors are not aware of any circumstances that have arisen not otherwise dealt with in this report which would make
adherence to the existing method of valuation of assets or liabilities of the Company misleading or inappropriate.
Signed on behalf of the Board and in accordance with a resolution of the Directors.
Dated at , this day of 2023.
________________________ ________________________
Director Director
Page 3
STATEMENT BY DIRECTORS
In accordance with a resolution and in the opinion of the Directors of FRESPAC GINGER (FIJI) PTE LIMITED, we state that:-
(a)
the accompanying Statement of Comprehensive of Income is drawn up so as to give a true and fair view of the results of the Company for the
year ended 30 June 2023;
(b) the accompanying Statement of Changes in Equity for the period ended 30 June 2023 is drawn up so as to give a true and fair view of the
movement in shareholder's fund;
(c) the accompanying Statement of Financial Position is drawn up so as to give a true and fair view of the state of affairs of the Company as at 30
June 2023;
(d) the accompanying Statement of Cash Flows is drawn up so as to give true and fair view of the cash flow of the Company for the year ended 30
June 2023;
(e)
at the date of this statement there are reasonable grounds to believe that the Company will be able to pay its debts as and when they fall due;
(f) all related party transactions have been adequately recorded in the books of the Company; and
(g) The Financial Statement have been made out in accordance with the applicable Accounting Standards and the Companies Act, 2015.
________________________ ________________________
Director Director
Page 4
STATEMENT OF COMPREHENSIVE INCOME
Notes 30 June 30 June

2023 2022
$FJ $FJ
Revenue 6,504,831 7,821,494
Cost of Goods Sold (6,285,334) (6,667,337)

Gross Profit 219,497 1,154,157
Other Income 3 (i) 45,318 90,630
264,815 1,244,787
Administrative Expense (360,500) (281,137)

Selling & Distribution Expense (461,466) (640,027)
Other Operating Expenses (972,498) (551,150)
(1,794,464) (1,472,314)
(Loss) from Operating Activities (1,529,649) (227,527)
Finance Costs 3 (ii) (186,969) (104,141)
(Loss) Before Income Tax (1,716,619) (331,667)
Income Tax Expense/(Benefit) 4 (i) (341,010) (130,230)
Net (Loss) After Income Tax (1,375,609) (201,438)
Other Comprehensive Income for the Year, Net of Tax
Revaluation Surplus on Building, net of tax - -
Total Comprehensive Income for the year (1,375,609) (201,438)
The Statement of Comprehensive Income is to be read in conjunction with the Accounting Policies and Notes to the Financial Statements set out on
pages 13 to 24.
Page 9
STATEMENT OF CHANGES IN EQUITY
Share Revaluation Retained Total

Capital Reserves Earnings
$FJ $FJ $FJ $FJ
Balance as at 30 June 2021 198,544 3,350,000 2,706,116 6,254,660
Total Comprehensive income for the year, net of tax
Net (Loss) for the year - - (201,438) (201,438)
Other Comprehensive Income for the year, net of tax - - - -

Total Comprehensive Income for the year - - (201,438) (201,438)
Net (Loss) for the year - - (1,375,609) (1,375,609)
Total Comprehensive Income for the year - - (1,375,609) (1,375,609)
The Statement of Changes in Equity is to be read in conjunction with the Accounting Policies and Notes to the Financial Statements set out on pages
13 to 24.
Page 10
STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023 2022
$FJ $FJ
Current Assets
Cash and Cash Equivalents 5 (i) 2,816 13,449

Trade and Other Receivables 6 (i) 1,284,010 1,056,044
Inventories 7 5,522,611 4,736,305
Total Current Assets 6,809,437 5,805,797
Non Current Assets
Deferred Tax Assets 4 (ii) 670,197 329,187

Other Receivables 6 (ii) 30,614 30,614
Intangible Asset 8 2,186 2,186
Property, Plant and Equipment 9 5,153,420 4,349,395
Total Non Current Assets 5,856,418 4,711,383
Total Assets 12,665,855 10,517,180
Current Liabilities
Bank Overdraft 5 (ii) 91,954 -

Trade and Other Payables 10 2,338,248 2,631,464
Provisions 11 60,614 58,625
Total Current Liabilities 2,490,817 2,690,089
Non Current Liabilities
Interest Bearing Borrowing 19 (c) 5,377,421 1,653,866

Deferred Tax Liability 4 (iv) 120,000 120,000
Total Liabilities 7,988,238 4,463,955
Net Assets 4,677,614 6,053,222
Shareholders' Equity
Share Capital 14 198,544 198,544

Asset Revaluation Reserve 15 3,350,000 3,350,000
Retained Earnings 12 1,129,070 2,504,678
Total Shareholders Equity 4,677,614 6,053,222
These financial statements have been audited.
Signed on behalf of the board and in accordance with a resolution of the directors.
________________________ ________________________
Director Director
The Statement of Financial Position is to be read in conjunction with the Accounting Policies and Notes to the Financial Statements set out on pages
13 to 24.
Page 11
STATEMENT OF CASH FLOWS

2023 2022
$FJ $FJ
Cash Flows from Operating Activities
Receipts From Customers 6,504,831 4,497,145

Payments to Suppliers and Employees (9,056,949) (5,336,120)
Bank Charges and Interest Paid (186,969) (22,047)
Net Cash Flows (Used in) Operating Activities 13 (ii) (2,756,717) (258,129)
Cash Flows From Investing Activities
Proceeds from Disposal of Property, Plant and Equipment - 202

(Acquisitions) for Plant and Equipment (1,050,523) (240,350)
Net Cash (Used In) Investing Activities (1,050,523) (240,148)
Cash Flows From Financing Activities
Proceeds from Related Party 3,723,556 588,227
Net Cash Provided by Financing Activities 3,723,556 588,227
Net Increase In Cash Held (83,471) 90,162

Cash and Cash Equivalents at the Beginning of the year 13,449 (76,714)
Cash and Cash Equivalents at the end of Financial year 13 (i) (70,023) 13,449
The Statement of Cash Flow to be read in conjunction with the Accounting Policies and Notes to the Financial Statements set out on pages 13 to 24.
Page 12
NOTES TO THE FINANCIAL STATEMENTS
1 Significant Accounting Policies
(a) Reporting Entity
Frespac Ginger (Fiji) Pte Limited ('the Company') is a company domiciled in Fiji. The Company was incorporated in Fiji on 4 May 1994. Its
principal place of business is located at Wailada, Lami.
The principal activity of the Company during the course of the financial year was to carry on business of processing and exporting of ginger.
There were no significant changes in the nature of the activities of the Company during the financial year.
(b) Statement of Compliance
The financial statements of the Company have been prepared in accordance with the [International Financial Reporting Standard for Small
and Medium-sized Entities] (IFRS for SMEs) and the requirements of the laws of Fiji.
The financial statements were authorised for issue by the Directors on ………………………………... .
(c) Basis of Measurement
The financial statements have been prepared using the historical cost basis except where stated.
(d) Functional and Presentation Currency
The financial statements are presented in Fiji Dollars, which is the Company's functional and presentational currency.
(e) Use of Estimates and Judgments
The preparation of the financial statements in conformity with IFRS for SMEs requires management to make judgments, estimates and
assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual
results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in
which the estimates are revised and in any future periods affected.
(f) Cash and Cash Equivalents
Cash and cash equivalents includes cash on hand, demand deposits and other short-term highly liquid investments with original maturities of
three months or less. Bank overdrafts, if present, are shown within borrowings in current liabilities on the statement of financial position.
(g) Trade and Other Receivables
Trade receivables are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest
method, less provision for impairment. A provision for impairment of trade receivables is established when there is objective evidence that the
Company will not be able to collect all amount due according to the original terms of the receivables.
(h) Inventories
Inventories are carried at the lower of cost and net realisable value. Net realisable value is the estimated selling price in the ordinary course of
business less selling expenses. Cost is based on the first in first out principle and includes expenditure incurred in acquiring the inventories and
bringing them to their existing location and condition.
The cost of finished goods and work in progress includes packaging costs, raw materials, direct labour, other direct cost and an appropriate
share of overhead based on normal operating capacity.
At each reporting date, inventories are assessed for impairment. If inventory is impaired, the carrying amount is reduced to its selling price less
costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Page 13
(i) Intangible Assets
Goodwill
Goodwill that arises upon acquisition of business as a going concern is included in intangible assets. The Company measures goodwill at
acquisition date as the fair value of the consideration transferred less the net recognised amount (generally fair value) of the identifiable assets
acquired and liabilities assumed.
Subsequent measurement
Other Intangible Assets (trade mark)
Other intangible assets that are acquired by the Company and have finite lives are measured at cost less accumulated amortisation and
accumulated impairment losses.
(j) Property, Plant and Equipment
Recognition and Measurement

Property, plant and equipment is stated at historical cost less accumulated depreciation and any accumulated impairment loss. Historical cost
includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in
the manner intended by management.
Any gain and loss on disposal of an item of property, plant and equipment is determined by comparing the proceeds from disposal with the
carrying amount of property, plant and equipment. This is recognised within other income / other expenses in profit or loss.
Subsequent Costs
The cost of replacing part of an item of property, plant and equipment is recognised in the carrying amount of the item if it is probable that the
future economic benefit embodied within the part will flow to the Company and its cost can be measured reliably. The cost of the day-to-day
servicing of property, plant and equipment is recognised in profit or loss as incurred.
Depreciation
Depreciation is recognised in profit or loss on a straight-line basis over the estimated useful lives of each component of an item of plant and
equipment. Leased assets are depreciated over the shorter of the lease term and their useful lives unless it is reasonably certain that the
Company will obtain ownership by the end of the lease term.
The depreciation rates for the current and prior year are as follows:
Rates
Leasehold Buildings 2.5%
Office Equipment 12%-25%
Plant & Machinery 12.5%
Motor Vehicles 25%
(k) Trade and Other Payables
Trade and other payables are recognised at amortised cost. A provision is recognised in the statement of financial position when the Company
has a legal or constructive obligation as a result of a past event, and it is probable that an outflow of economic benefits will be required to settle
the obligation. If the effect is material, provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects
current market assessments of the time value of money and, where appropriate, the risks specific to the liability.
(l) Employee Benefit
Defined contribution plan / superannuation

Contributions are paid to the Fiji National Provident Fund on behalf of employees to secure retirement benefits. Costs are included in profit or
loss.
Page 14
(m) Share Capital
Ordinary shares are classified as equity.

Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of direct cost of issuing the equity
instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
(n) Revenue Recognition
Revenue comprises the fair value of the consideration received or receivable for the sale of goods and services in the ordinary course of the
Company's activities. Revenue is shown net of value added tax, returns, rebates and discounts.
The Company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow
to the entity and specific criteria have been met for each of the Company’s activities as described above.
(o) Foreign Currency Translation
Functional and presentation currency

The Financial Statements are presented in Fiji Dollars ($FJ), which is the Company's functional currency.
Transactions and balances

Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions.
Foreign exchange gains and losses resulting from the settlement of such transactions are recognised in profit or loss.
(p) Current and Deferred Income Tax

Income tax expense comprises current and deferred tax. Income tax expense is recognised in profit or loss except to the extent that it relates to
items recognised directly in equity in which case it is recognised in equity.
Current tax is the expected tax payable or receivable on the taxable income or loss for the period using tax rates enacted or substantively
enacted at the reporting date and any adjustments to tax payable in respect of previous years.
Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting
purposes and the amounts used for taxation purposes. Deferred tax is not recognised for the initial recognition of assets and liabilities in a
transaction that affects neither accounting nor taxable profit. Deferred tax is measured at the tax rates that are expected to be applied to the
temporary difference when they reverse, based on the laws that have been enacted or substantively enacted by the reporting date.
A deferred tax asset is recognised to the extent that it is probable that future taxable profits will be available against which temporary
differences can be utilised. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable
that the related tax benefit will be realised.
(q) Value Added Tax (VAT)
Revenue, expenses and assets are recognised net of the amount of respective VAT except:-
- where the value added tax incurred on the purchase of assets or services is not recoverable from the taxation authority, in which case the value
added tax is recognised as part of the cost of acquisition of the asset or as part of the expense item as applicable; and
- receivables that are stated with the amount of value added tax included and payables that are stated with the amount of value added tax
included.
The net amount of valued added tax recoverable or payable to the tax authority is included as part of the receivables or payables in the
Statement of Financial Position.
Page 15
(r) Earnings Per Share
Basic earnings per share is determined by dividing net profit after income tax attributable to shareholders of the Company, excluding any costs
of servicing equity other than ordinary shares, by the weighted average number of ordinary shares outstanding during the financial year,
adjusted for bonus elements in ordinary shares issued during the year.
(s) Dividends
Dividends declared but not distributed is recognised as a liability in the Company's Financial Statements in the year in which the dividend are
proposed or declared by the Company directors.
(t) Comparatives
The comparative figures are for the year ended 30 June 2021 and have been reclassified where considered necessary.
(u) Provision for Stock Obsolescence
Provision for stock obsolescence is assessed and raised on a specific basis based on a review of inventories. Inventories considered obsolete or
non-saleable are written off in the period in which they are identified.
(v) Finance Income and Expenses
Finance costs comprise interest expense on bank loans and borrowings and bank charges.
Unrealised exchange gains or losses are reported on a net basis as either finance income or finance costs depending on whether foreign
currency movements are in a net gain or loss position.
(w) Changes in Comparatives

Where necessary, amounts shown for the previous year have been reclassified to facilitate comparison.
2. Financial Risk Management
a) Overview
The Company has exposure to the following risks from its use of financial instruments:
(i) Credit risk

(ii) Liquidity risk
(iii) Market risk
(iv) Interest Risk
This note presents Information about the Company's exposure to each of the above risks, the Company's objectives, policies and processes for
measuring and managing risk, and the Company's management of capital. Further quantitative disclosures are included throughout these
Financial Statements.
Risk Management Framework
The Board of Directors has overall responsibility for the establishment and oversight of the Company's risk management framework. The
Company's risk management policies are established to identify and analyse the risks faced by the Company, to set appropriate risk limits and
controls, and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in
market conditions and the Company's activities.
(i) Credit Risk
Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual
obligations, and arises principally from the Company's receivables from customers and investment securities.
The Company's exposure to credit risk is influenced mainly by the individual characteristics of each customer. However, management also
considers the demographics of the Company's customer base, including the default risk of the industry in which customers operate, as these
factors may have an Influence on credit risk, particularly in the Currently deteriorating economic Circumstances.
Page 16
2. Financial Risk Management (Continued)
(i) Credit Risk (Continued)
Trade accounts receivables consist of large number of customers, spread across diverse industries and geographical areas. Ongoing credit
evaluation is performed on the financial condition of accounts receivables.
The Company does not have any significant credit risk exposure to any single counterparty or any group of counterparties having similar
characteristics. The carrying amount of financial assets recorded in the Financial Statements, net of any allowances for the losses, represents
the Company's minimum exposure to credit risk.
(ii) Liquidity Risk
Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are
settled by delivering cash or another cash financial asset. The Company's approach to managing liquidity is to ensure, as far as possible, that it
will always have sufficient liquidity to meet its liabilities when clue, under both normal and stressed conditions, without incurring unacceptable
losses or risking damage to the Company's reputation.
In addition, the Company maintains a line of credit of an overdraft facility of $450,000 (2021: $450,000) and interest is charged at the rate of
9.99% (2021: 9.99%) per annum.
(iii) Interest Rate Risk
The Company is exposed to interest rate risk as it borrows funds at variable interest rates. The risk is managed closely by the management and
directors within the approved policy parameters.
(iv) Market Risk
Market risk is the risk that changes in market prices, such as foreign exchange rates, interest rates and equity prices will affect the Company's
income or the value of its holdings of financial instruments. The objective of market risk management is to manage and control market risk
exposures within acceptable parameters, while optimising the return.
Fair value interest rate risk arises from the potential for a change in interest rates to cause a fluctuation in the fair value of financial instruments.
The objective is to manage the interest rate risk to achieve stable and sustainable net interest earnings in the long term. In managing this risk,
the Company seeks to achieve a balance between reducing risk to earnings and market value from adverse interest rate movements, and
enhancing net interest income through correct anticipation of the direction and extent of interest rate changes.
b) The following table details the Company's maturity profile of financial instruments as at 30 June 2023.
Fixed Maturity Dates

1 year and Total
Less than 1 year Over
$ $ $
Financial Assets:
Cash on hand and at bank 2,816 - 2,816

Trade and other receivables 1,284,010 - 1,284,010
1,286,826 - 1,286,826
Page 17
The following table details the Company's maturity profile of financial instruments as at 30 June 2023.

1 year and Total
$ $ $
Financial Assets:

1,069,492 - 1,069,492
Financial Liabilities:
Bank Overdraft - - -
- - -
3. Revenue and Expenses
Other revenue, other operating expenses and finance costs include the following for the period ended 30 June 2023 were:
30 June 30 June
2023 2022
$FJ $FJ
(i) Other Income
Exchange Gain - Realised 4,587 90,218

Exchange Gain - Unrealised 39,585 -
Insurance Proceeds - -
Gain on Sale of Fixed Assets - 202
Sundry Income 1,146 210
45,318 90,630
Included in Other Operating Expenses are:
Auditor's Remuneration 44,694 8,500
(ii) Finance Costs
Bank Charges 4,100 2,732

Interest 182,870 101,409
186,969 104,141
Page 18
4. Income Tax 30 June 30 June

2023 2022
(i) Income Tax Expenses $FJ $FJ
The amount of income tax to the financial year differed from

the prima facie amount payable on the net profit.
The difference is reconciled as follows:
Net (Loss) before Income Tax (1,716,619) (331,667)
Add: Non-Deductible Items

Subscriptions 162 -
Donation 11,406 10,344
Chargeable Income (1,705,050) (321,324)
Prima facie Income Tax (Benefit) at 20% (341,010) (64,265)

Over/Under provision of Income Tax - (65,965)
Income Tax Expense/(Benefit) (341,010) (130,230)
(ii) Deferred Tax Assets 30 June 30 June

2023 2022
Future Income Tax Benefit reflects $FJ $FJ
the future benefit at current Income Tax
Rates of the following items:-
Provision for annual leave - 11,460

Income Tax Losses - Current 341,010 64,265
Income Tax Losses Prior Years - 65,965
Difference in depreciation of fixed assets - 187,498
for accounting and income tax purposes
670,197 329,187
(iii) Income Tax (Refund) 30 June 30 June

2023 2022
$FJ $FJ
Balance as at 01 July (53,862) (53,862)
Income tax (benefit) (341,010) (64,265)
Increase in deferred tax assets 341,010 64,265
Tax payment (17,629) -
Balance as at 30 June (71,491) (53,862)
(iv) Deferred Tax Liability 30 June 30 June

2023 2022
$FJ $FJ
Deferred capital gains tax liability (10% of 1,200,000) 120,000 120,000
Page 19
5. (i) Cash at Bank 30 June 30 June

2023 2021
$FJ $FJ
Westpac Banking Corporation Operating Account - 6,030

Cash on Hand 1,316 5,919
Petty Cash 1,500 1,500
2,816 13,449
(ii) Bank Overdraft 30 June 30 June

2022 2021
$FJ $FJ
Westpac Banking Corporation Operating Account 91,954 -
* The Overdraft facility with the Westpac Banking Corporation is secured by :-
- A Registered First Mortgage Debenture by Company over all its Assets and Undertaking including its Uncalled and Called but Unpaid Capital;
and
- A Registered First Mortgage by the Company over Crown Lease Nos. 5413 and 5415
Interest is charged at the rate of 9.99% per annum and the limit approved is $450,000.
6. Trade and Other Receivables 30 June 30 June

2023 2022
$FJ $FJ
(i) Current
Trade Receivables 1,054,177 858,864

VAT Receivable 77,381 58,187
Employee Loans 53,760 53,760
Prepayments 27,202 31,372
Income Tax Refund (Note 4. [iii]) 71,491 53,862
1,284,010 1,056,044
(ii) Non Current
Deposits 30,614 30,614

7. Inventories 30 June 30 June
2023 2022
$FJ $FJ
Finished goods and work in progress 4,295,661 3,273,496

Raw materials and stores 1,226,950 1,462,808
5,522,611 4,736,305
8. Intangible assets 30 June 30 June

2023 2022
$FJ $FJ
Trademark 2,186 2,186
Page 20
9.(i) Property, Plant and Equipment 30 June 30 June

2023 2022
$FJ $FJ
Leasehold Land at fair value 2,400,000 2,400,000

Less: Accumulated provision for depreciation - -
2,400,000 2,400,000
Leasehold Buildings at cost 3,527,217 2,327,217

Add: Additions - -
Fair Value Adjustments - 1,200,000
Less: Accumulated provision for depreciation (2,038,472) (2,017,770)
1,488,745 1,509,447
Plant, Machinery & Equipment at cost 3,339,442 3,106,224

Add: Additions 997,138 240,350
Less: Deletions (2,843) (7,260)
1,029,256 388,073
Motor Vehicle at cost 145,783 145,783

Add: Additions - -
Less: Deletions - -
Less Accumulated provision for depreciation (108,218) (93,908)
37,565 51,875
Net Written Down Value 4,955,566 4,349,395
(ii) Reconciliations
Reconciliations of the carrying amounts of property, plant and equipment by class at the beginning and end of the financial year.
Leasehold Plant Machinery

Leasehold Land Motor Vehicle Total
Buildings & Equipment
$FJ $FJ $FJ $FJ $FJ
W.D.V at the beginning 2,400,000 1,509,447 388,073 51,875 4,349,395

Additions - - 997,138 - 997,138
Disposals - - (2,843) - (2,843)
Depreciation expense - (20,702) (230,389) (14,310) (265,401)
2,400,000 1,488,745 1,029,256 37,565 4,955,566
10. Trade and Other Payables 30 June 30 June

2023 2022
$FJ $FJ
Trade Creditors 2,074,259 1,009,861

Accruals 157,636 367,063
Related Party 91,942 1,254,540
Staff Loan 14,412 -
2,338,248 2,631,464
Page 21
11. Provisions 30 June 30 June

2023 2022
$FJ $FJ
Annual Leave 60,614 58,625
12. Retained Earnings
The retained earnings of the Company for the financial year ended 30 June 2022 is made up as follows:-
30 June 30 June
2022 2021
$FJ $FJ
Accumulated Profits as at 01 July 2,504,678 2,706,116

Net (Loss) after Tax (1,375,609) (201,438)
Accumulated Profits as at 30 June 1,129,070 2,504,678
Total Retained Earnings as at 30 June 1,129,070 2,504,678
13. Reconciliation of Cash
(i) Cash and Cash Equivalents
Cash and cash equivalents consist of cash on hand and balances with banks and investments in money market instruments. Cash and cash
equivalents included in the cash flow statement comprise of the following Statement of Financial Position amounts:
30 June 30 June
2022 2021
$FJ $FJ
Cash and Cash Equivalents 94,770 13,449
(ii) Reconciliation of Net (Loss) after tax to cash (Used in) Operating Activities
Net (Loss) after Tax (1,375,609) (201,438)
Adjustments for:
Depreciation 265,401 133,412
Gain on Disposal of Fixed Assets - (202)
(1,110,208) (68,228)
Changes in Assets and Liabilities during the financial year:-
(Increase)/Decrease in Trade and Other Receivables (227,966) (895,137)
(Increase) in Inventories (786,306) (1,219,366)
(Increase) in Deferred Tax Assets (341,010) (130,229)
Increase in Trade and Other Payables (293,216) 2,061,862
(Decrease) in Provisions 1,989 (7,031)
Net Cash Flows (Used in) Operating Activities (2,756,717) (258,129)
14. Share Capital 30 June 30 June

2023 2022
$FJ $FJ
198,544 ordinary shares fully paid 198,544 198,544
Page 22
15. Asset Revaluation Increase 30 June 30 June

2022 2021
$FJ $FJ
Opening Balance 3,350,000 3,350,000
Addition/(Disposal)
Increase in Asset Revaluation Reserve of Building - -
Closing Balance 3,350,000 3,350,000
An independent valuation was carried out by registered valuer, Rolle Associates, in June 2020 for properties of the company to assess the fair
values of the properties. The directors and management work closely with the external valuer to establish the appropriate valuation techniques
and inouts to the valuation model. The valuation methodologies adopted by the valuer were Market Approach.
Rolle Associates valued the company property - Lots 13 – 14 on Plan S1443 contained on Crown Leases 5415 & 5413, situated at Wailada
Road, Lami at $3,600,000 on the basis of Market Value/Fair Value. Leasehold land valued at $2,400,000 and Building Valued at $1,200,000.
In view of the current COVID 19 pandemic, and its impact on business in general and properties in particular, property which are used
primarily for valuation purposes, and the lack of movement in the property market, the directors and management are of the opinion that any
market valuation carried out would not be representative valuation.
16. Principal Activity
The principal business activity of the Company is to process and export ginger.
17. Segment Information
Industry Segment
The Company engages in the processing and exporting of ginger.
Geographical Segment
The Company operates in Fiji and is therefore one geographical segment for reporting purposes.
18. Related Party Transactions
(a) Industry of Related Party
Buderim Foods Pty Ltd (Australia) - manufacturer of a variety of confectionery ginger and other ginger based products.
Amount owed to Buderim Foods Pty Ltd (Australia) is unsecured with no fixed terms of repayment and interest is charged on the amount owed
to Buderim Foods Pty Ltd (Australia) at the rate of 5.99% pa.
(b) Transactions with Related Party 30 June 30 June

2023 2022
Material related party transactions incurred at normal $FJ $FJ
commercial terms and conditions during the year were as follows:
Sales of processed ginger - Buderim Foods Pty Ltd - 3,140,507
Page 23
19. Related Party Transactions (Continued)
(c) Amounts due to and Receivable from Related Parties 30 June 30 June
2022 2021
$FJ $FJ
Payables
Buderim Foods Pty Ltd 5,377,421 1,653,866
20. Company Details
Company incorporation
The Company is incorporated in Fiji under the Companies Act, 2015.
Registered office/principal place of business
Lot 13-14
Wailada Industrial
Lami
Number of employees at the end of the year
Finance and administration 4

Laboratory 2
Engineering 1
Production 76
Cutting 55
Total number of employees 138
Capital Commitments
21.
Capital Commitments as at 30 June 2023 amounted to Nil (2022 : $Nil)

Contingent Liabilities
22.
Contingent Liabilities as at 30 June 2023 amounted to Nil (2022 : $Nil)
23. Events after the Reporting Date
The Directors are not aware of any significant events since the end of the reporting period.
Page 24
DETAILED STATEMENT OF PROFIT AND LOSS

2023 2022
$FJ $FJ
Export Sales 6,504,831 7,805,211

Local Sales - 16,283
6,504,831 7,821,494
Cost of Goods Sold
Opening Stock 4,736,305 3,516,938

Purchases 4,927,255 5,897,799
Direct Labour 731,067 821,289
Factory Overheads
Boiler Fuel 360,116 331,364

Cleaning 32,439 39,429
Electricity 141,489 160,164
Indirect Labour 351,553 234,893
Materials-Repairs & Maintenance 230,099 153,637
Quality Audits 38,191 10,861
Pest Control 16,892 20,921
Rates and Water 61,037 43,021
Servicing Supplies 147,657 171,457
Uniforms 33,846 1,868
11,807,945 11,403,642
Less Closing Stock (5,522,611) (4,736,305)
Total Cost of Goods 6,285,334 6,667,337
Administrative Cost

Equipment Hire 64,182 152,875
Sundry and Other Expenses 27,217 -
Total Administrative Costs 360,500 281,137
Selling & Distribution Cost
Discount Allowed 27,527 45,952

Freight 427,037 590,714
Sundry Expense 6,903 3,361
Total Selling & Distribution Costs 461,466 640,027
Gross Profit from Trading (602,469) 232,993

Page 26
DETAILED STATEMENT OF PROFIT AND LOSS (CONTINUED)
30 June 30 June
Expenses 2023 2022
$FJ $FJ
Accounting and Audit Fees 44,694 10,686

Bad and Doubtful Debts 325 -
Depreciation - 5,160
Donation 11,406 10,344
Entertainment 2,943 1,392
Foreign Exchange Loss - Realised 4,500 23,574
Foreign Exchange Loss - Unrealised - 10,093
Fringe Benefit Tax 1,795 2,165
Insurance 110,172 142,702
Interest 182,870 101,409
Legal Fees - 1,945
License Fee 3,913 13,851
Loss on Disposal of Fixed Assets - -
Motor Vehicles Running 24,984 26,117
Printing, Postage and Stationery 16,275 10,193
Professional Fees 21,423 17,369
Rent 37,800 7,200
Salaries & Wages 497,254 118,588
Security 81,892 61,740
Subscription 812 -
Safety Equipment 31,286 24,330
Superannuation 57,935 45,253
Telephone and Internet 15,599 9,451
Travelling Expense 7,038 8,097
Training & Development 450 898
1,159,468 655,290
Operating (Loss) Before Other Income (1,761,937) (422,298)
Other Income
Gain On Disposal Of Fixed Assets 4,587 -

Foreign Exchange Gain - Realised - 90,218
Foreign Exchange Gain - Unrealised 39,585 -
Gain on Sale of Fixed Assets - 202
Sundry Income 1,146 210
Operating (Loss) before Income Tax (1,716,618) (331,667)

Page 27
FIXED ASSETS AND DEPRECIATION SCHEDULE - ACCOUNTING DEPRECIATION
CC PARTICULARS ACQ DATE ORIGINAL ADDITION DISPOSALS Revaluation TOTAL DEP'N ACC DEP'N 2023 DEP'N ACC DEP'N W.D.V. W.D.V.
COST Gain/(Loss) COST RATE 30/06/2022 12 DISPOSAL 30/06/2023 30/06/2023 30/06/2022
350 FRESPAC ASSETS
INTAKE
1 ELECTRONIC SCALE (PLATFORM) 13-Jul-98 8,540 - - - 8,540 15% 8,540 - - 8,540 - -
1 ONLY 3 PHASE CONVEYER MOTOR 30-Jul-01 1,000 - - - 1,000 25% 1,000 - - 1,000 - -
1 ONLY MODEL L130 DIGITAL INDICATOR SYSTEM FOR PLATFORM SCALE 1-Mar-02 1,108 - - - 1,108 25% 1,108 - - 1,108 - -
2 NEW GINGER WASHING MACHINES 28-Nov-02 6,323 - - - 6,323 25% 6,323 - - 6,323 - -
GINGER WASHING PLANT - EX BUDERIM 31-Dec-10 50,616 - - - 50,616 15% 50,616 - - 50,616 - -
3 TON SCALE (CAS A12SS/V8SS-1 SN: CS200623) 4-Mar-15 3,409 - - - 3,409 15% 3,408 - - 3,408 1 1
POOL YARD UPGRADE - RIL SITE 1-Jan-20 36,209 - - - 36,209 15% 13,126 5,431 - 18,557 17,652 23,083
POOL PARK FENCING 30-Jun-23 19,104 19,104 15% - - - - 19,104 -
107,205 19,104 - - 126,309 84,120 5,431 - 89,552 36,758 23,085
BRINING
10 CONCRETE PITS FOR BRINING 31-Dec-97 69,191 - - - 69,191 15% 69,191 - - 69,191 - -
1 ELECTRONIC SCALE (PLATFORM) 24-Aug-05 7,733 - - - 7,733 15% 7,733 - - 7,733 - -
100 GREEN CRATES 1-Sep-11 2,661 - - - 2,661 25% 2,661 - - 2,661 - -
6 MEGA BINS GREY - MARCO POLO 29-Feb-12 3,138 - - - 3,138 25% 3,138 - - 3,138 - -
50 GREEN CRATES 14-May-12 1,115 - - - 1,115 25% 1,115 - - 1,115 - -
BRINE CIRCULATION PROJECT 1-May-13 262,642 - - - 262,642 15% 262,642 - - 262,642 - -
30 BLUE PLASTIC BINS 31-Mar-14 22,958 - - - 22,958 25% 22,958 - - 22,958 - -
36 BLUE MEGA BINS WITH FRESPAC LOGO 1-Jul-15 22,703 - - - 22,703 25% 22,703 - - 22,703 - -
15 DRICLAD POOLS 31-Mar-16 69,234 - - - 69,234 33% 69,234 - - 69,234 - -
12 BLUE PLASTIC BINS 31-Dec-16 11,365 - - - 11,365 25% 11,365 - - 11,365 - -
25 POOL WALLS ONLY 31-Jan-19 20,325 - - - 20,325 33% 20,325 - - 20,325 - -
25 POOL LINERS ONLY 31-Jan-19 18,372 - - - 18,372 33% 18,372 - - 18,372 - -
15 DRICLAD POOLS 30-Mar-20 114,994 - - - 114,994 33% 85,383 29,610 - 114,993 1 29,611
10 POOL WALLS ONLY 26-Feb-21 11,605 - - - 11,605 33% 5,106 3,830 - 8,936 2,669 6,499
15 POOL WALLS & 15 POOL LINERS 21-Dec-21 29,990 - - - 29,990 33% 3,299 9,897 - 13,196 16,795 26,691
20 COMPLETE SET POOLS 1-Jun-22 168,351 - - - 168,351 33% 4,630 55,556 - 60,186 108,166 163,722
1 x 1.5hp Reltech Pool Pump 16-Nov-22 - 1,188 - - 1,188 25% - 297 - 297 891 -
MEGA BINS X 30PCS 28-Feb-23 - 35,559 - - 35,559 25% - 3,704 - 3,704 31,855 -
VACCUM PUMP 28-Feb-23 - 1,276 - - 1,276 25% - 133 - 133 1,143 -
POOL PARK UPGRADE 31-Mar-23 - 64,983 - - 64,983 25% - 5,415 - 5,415 59,568 -
DRICLAD POOL SET 31-Mar-23 - 353,875 - - 353,875 33% - 38,547 - 38,547 315,328 -
CONCRETE SLABS 31-Mar-23 - 8,046 - - 8,046 15% - 402 - 402 7,643 -
WASHING PLATFORM 31-Mar-23 - 2,453 - - 2,453 25% - 204 - 204 2,249 -
WATER PUMP 31-Mar-23 - 7,509 - - 7,509 25% - 52 - 52 7,457 -
5 X PUMPS 31-Mar-23 - 7,077 - - 7,077 25% - - - - 7,077 -
836,376 481,966 - - 1,318,342 609,853 147,647 - 757,501 560,841 226,523
CUTTING & SORTING

GRADING MACHINE 1-Apr-09 29,430 - - - 29,430 15% 29,430 - - 29,430 - -
100 WHITE ROUND BUCKETS 30-May-12 850 - - - 850 25% 850 - - 850 - -
GRADING MACHINE DRUM 1-Oct-13 56,779 - - - 56,779 15% 56,779 - - 56,779 - -
87,059 - - - 87,059 87,059 - - 87,059 - -
SYRUPING
10 STAINLESS STEEL TANKS 1-Jan-95 30,000 - - - 30,000 15% 30,000 - - 30,000 - -
2 D TANKS 1-Jan-95 1,050 - - - 1,050 15% 1,050 - - 1,050 - -
2 S/LESS STEEL TANK WITH STIRRERS 1-Jan-95 15,869 - - - 15,869 15% 15,869 - - 15,869 - -
PUMPS & HOSES 1-Jan-95 13,146 - - - 13,146 15% 13,146 - - 13,146 - -
STEAM JACTED PANS 1-Jan-95 3,471 - - - 3,471 15% 3,471 - - 3,471 - -
STRAPPING MACHINE 1-Jan-95 853 - - - 853 15% 853 - - 853 - -
STRAINERS 5-Feb-96 700 - - - 700 15% 700 - - 700 - -
30 PLASTIC CRATES 19-May-98 7,162 - - - 7,162 25% 7,162 - - 7,162 - -
EXHAUST OUTLET 17-Jul-98 613 - - - 613 25% 613 - - 613 - -
2 BALL VALVES FOR LEACHING TANKS 1-Oct-98 491 - - - 491 15% 491 - - 491 - -
4 S/LESS FILTER TRAYS 29-Oct-98 1,760 - - - 1,760 15% 1,760 - - 1,760 - -
BOILING TANK WITH STEAM COIL 26-Jan-96 2,591 - - - 2,591 15% 2,591 - - 2,591 - -
V/ PUMPS, ELEVATORS, VIBRATORS 1-Aug-99 29,106 - - - 29,106 15% 29,106 - - 29,106 - -
SYRUP VENTILATION 29-Dec-99 6,235 - - - 6,235 15% 6,235 - - 6,235 - -
SYRUP RECIRCULATION 29-Dec-99 6,737 - - - 6,737 15% 6,737 - - 6,737 - -
CAPITAL WORKS 29-Dec-99 34,626 - - - 34,626 15% 34,626 - - 34,626 - -
3 S/LESS STEEL TANK WITH STIRRERS 30-Apr-99 7,387 - - - 7,387 15% 7,387 - - 7,387 - -
VACUUM DRUM FILLER - 1 (EX-BUDERIM) 10-Jan-00 157,632 - - - 157,632 15% 157,632 - - 157,632 - -
240 PAILS WITH LIDS - (BGL) 15-Sep-01 1,384 - - - 1,384 25% 1,384 - - 1,384 - -
SYRUP MIXERS - LIGHTNIN MIXERS PTY LTD 1-Sep-01 6,309 - - - 6,309 25% 6,309 - - 6,309 - -
WATER HEATER & EXCESSORIES 15-Oct-01 891 - - - 891 25% 891 - - 891 - -
CLEAR WATER HOSE 16-Oct-01 742 - - - 742 25% 742 - - 742 - -
FLASH EVAPORATION & SYRUP STEAM LINE PROJECT CAPITAL WORKS 31-Dec-02 150,497 - - - 150,497 15% 150,497 - - 150,497 - -
SYRUP TANK BASE STANDS (15 ONLY) 17-Jan-03 1,800 - - - 1,800 25% 1,800 - - 1,800 - -
SYRUP FILTERING SYSTEM 31-Mar-04 34,467 - - - 34,467 15% 34,467 - - 34,467 - -
HOT WATER CONTROL & TANK INSULATION 1-Aug-05 7,767 - - - 7,767 25% 7,767 - - 7,767 - -
480 SPACE SAVER PAILS 1-Nov-05 4,998 - - - 4,998 25% 4,998 - - 4,998 - -
960 SPACE SAVER PAILS 5-Jan-06 9,995 - - - 9,995 25% 9,995 - - 9,995 - -
VDF METAL DETECTOR 1-Sep-07 23,329 - - - 23,329 15% 23,329 - - 23,329 - -
HEAT RESISTANT SUCTION HOSE FOOD GRADE 5-Dec-07 1,467 - - - 1,467 25% 1,467 - - 1,467 - -
FOOD GRADE (BREWERS) HOSE 22-Oct-09 4,117 - - - 4,117 25% 4,117 - - 4,117 - -
FOOD GRADE (BREWERS) HOSE 23-May-11 3,848 - - - 3,848 25% 3,848 - - 3,848 - -
HOT WATER TANK 1-Nov-11 15,325 - - - 15,325 15% 15,325 - - 15,325 - -
2 PLATE AND 1 EARTH MAGNETS 30-Nov-12 35,370 - - - 35,370 15% 35,370 - - 35,370 - -
APEX 300 550X150MM DROP THROUGH METAL DETECTOR 1-May-13 26,898 - - - 26,898 15% 26,898 - - 26,898 - -
EXHAUST FANS 1-Oct-13 63,704 - - - 63,704 15% 63,704 - - 63,704 - -
4 SYRUP MIXERS 30-Jun-14 180,078 - - - 180,078 15% 180,078 - - 180,078 - -
HYDRUM LIFTER 30-Jun-18 18,826 - - - 18,826 15% 11,296 2,824 - 14,119 4,706 7,530
8 SQUARE PLASTIC SOLID MEGABINS WHITE 30-Apr-20 7,478 - - - 7,478 25% 4,051 1,870 - 5,920 1,558 3,428
1 ONLY STAINLESS STEEL SYRUPPING TANK (NUTEC) 29-Jul-22 - 6,861 - - 6,861 15% - 858 - 858 6,003 -
1 ONLY STAINLESS STEEL SYRUPPING TANK (CUSTOM BILT) 24-Aug-22 - 10,620 - - 10,620 15% - 1,328 - 1,328 9,293 -
NEW SYRUP ROOM (EXTENSION) 31-Jan-23 - 115,944 - - 115,944 15% - 8,696 - 8,696 107,248 -
943,811 133,425 - - 1,077,236 932,853 15,574 - 948,428 128,808 10,958
SMALL DICING
1 DICER & 1 SLICER FOR GINGER 25-May-97 37,466 - - - 37,466 15% 37,466 - - 37,466 - -
DICING MACHINERY - EX BUDERIM 1-Aug-05 47,714 - - - 47,714 15% 47,714 - - 47,714 - -
METAL DETECTOR 1-Oct-06 35,335 - - - 35,335 15% 35,335 - - 35,335 - -
STEFAN BOWL CUTTER 1-Sep-06 1,003 - - - 1,003 15% 1,003 - - 1,003 - -
URSCHEL DICER MACHINE 1-Jun-21 58,892 - - - 58,892 15% 9,570 8,834 - 18,404 40,488 49,322
URSCHEL DICER BLADES 22-Apr-22 26,189 - - - 26,189 15% 655 3,929 - 4,584 21,606 25,535
GINGER SLICER/JULIENNE MACHINE 30-Jun-22 8,414 185 - - 8,599 15% - 1,290 - 1,290 7,309 8,414
HOLAC DICER MACHINE 20-Oct-22 - 137,892 - - 137,892 15% - 15,513 - 15,513 122,379 -
FOOD SLICER 1-Mar-23 - 40,635 - - 40,635 15% - 2,032 - 2,032 38,603 -
215,015 178,712 - - 393,726 131,744 31,597 - 163,341 230,386 83,271
CRYSTALLISING
ENROBBING MACHINE 1-Jan-95 5,989 - - - 5,989 15% 5,989 - - 5,989 - -
STORAGE PAILS (2200) 1-Jan-97 16,921 - - - 16,921 25% 16,921 - - 16,921 - -
STORAGE PAILS (200) 24-Apr-98 5,287 - - - 5,287 25% 5,287 - - 5,287 - -
CONVEYER SYSTEM - (EX-BUDERIM) 1-Sep-98 30,986 - - - 30,986 15% 30,986 - - 30,986 - -
1 ELECTRONIC SCALE AND FS-6KA SN 200235 1-Oct-98 900 - - - 900 15% 900 - - 900 - -
PORTABLE MIXER - (EX-BUDERIM) 29-Dec-99 18,600 - - - 18,600 15% 18,600 - - 18,600 - -
300 PLASTIC FOOD TRAYS - VISCOUNT PLASTICS 1-Aug-06 10,365 - - - 10,365 15% 10,365 - - 10,365 - -
300 PLASTIC FOOD TRAYS - STOWERS 1-Jun-16 15,939 - - - 15,939 15% 14,544 1,394 - 15,938 1 1,395
24000 LRL AIRCONDITIONING UNIT - RECEIVING ROOM 1-May-18 1,862 - - - 1,862 20% 1,552 309 - 1,861 1 310
72 TROLLEYS & 1200 TRAYS 1-Jun-23 29,797 - - 29,797 - 372 - 372 29,424 -
106,850 29,797 - - 136,647 105,145 2,075 - 107,220 29,426 1,705
PACKED CRYSTALLISED
DRYING ROOM SHELVES 5-Mar-96 1,326 - - - 1,326 15% 1,326 - 1,326 - -
1 CONVEYOR TABLE 14-Oct-97 423 - - - 423 15% 423 - 423 - -
ALCAIR FACTORY AIRCONDITIONER - (EX-BUDERIM) 12-Jun-99 198,660 - - - 198,660 15% 198,660 - 198,660 - -
HEATERS & CONTROLS FOR DRYER - (EX-BUD) 10-Jan-00 12,812 - - - 12,812 15% 12,812 - 12,812 - -
DRYING ROOM RACKS 1-Sep-99 1,367 - - - 1,367 15% 1,367 - 1,367 - -
MACHINERY PARTS FROM BUDERIM-INV 166147 25-Jun-01 17,859 - - - 17,859 15% 17,859 - 17,859 - -
UPGRADING OF FACTORY AIRCONDITIONER - (EX-BUDERIM) 1-Mar-02 46,563 - - - 46,563 15% 46,563 - 46,563 - -
METAL DETECTOR 1-Aug-06 19,154 - - - 19,154 15% 19,154 - 19,154 - -
METAL DETECTOR APEX500 MODEL 1-Sep-11 31,929 - - - 31,929 15% 31,929 - 31,929 - -
40 POINT CONTROLLER WITH DISPLAY - ALCAIR AIR-CON CONTROL PANEL 30-Jun-23 - 13,999 - - 13,999 15% - - - - 13,999 -
330,092 13,999 - - 344,091 330,092 - - 330,092 13,999 -
MAINTENANCE
1 ONLY 16' X 16' ALUMINIUM LADDER 6-Jun-03 578 - - - 578 25% 578 - - 578 - -
DURALLOY 230AMP ARC WELDER 1-Jul-06 1,533 - - - 1,533 15% 1,533 - - 1,533 - -
MAKITA JIGSAW 23-Oct-12 626 - - - 626 25% 626 - - 626 - -
BOSCH PERCUSSION DRILL GSB19-2RE 11-May-15 522 - - - 522 15% 521 - - 521 1 1
WELDSKILL 200HF WELDER & WELDING HELMET 26-Sep-16 2,097 - - - 2,097 15% 1,809 287 - 2,096 1 288
HP NB 250 G5 INTEL CORE I5 LAPTOP 1-Feb-17 1,400 - - 1,400 20% 1,399 - - 1,399 (1,399) 1
HP PROBOOK 650 G8 i5 LAPTOP 6-Jul-22 - 2,843 2,843
6,756 - 2,843 1,400 8,199 6,465 287 - 6,752 (1,396) 291
LAND & BUILDINGS
GINGER FACTORY (BUILDINGS) 1-Aug-99 1,059,050 - - - 1,059,050 5% 1,059,050 - - 1,059,050 - -
GINGER FACTORY (BUILDINGS) 30-Jun-21 1,200,000 - - - 1,200,000 5% - - - - 1,200,000 1,200,000
GINGER FACTORY (LAND) 1-Aug-99 2,400,000 - - - 2,400,000 0% - - - - 2,400,000 2,400,000
PICKLE SHED 6-Sep-99 117,821 - - - 117,821 5% 117,821 - - 117,821 - -
FACTORY UPGRADING 31-Mar-99 340,505 - - - 340,505 5% 340,505 - - 340,505 - -
FACTORY UPGRADING - BRINING SECTION 1-Jan-02 55,038 - - - 55,038 5% 55,037 - - 55,037 1 1
33 NEW TUBE LIGHTS WITH COVERS IN BRINING SHED 31-Dec-02 4,498 - - - 4,498 25% 4,498 - - 4,498 - -
FACTORY UPGRADING - BRINING, SYRUPPING, CRYSTALLISING & PICKLE FLOOR 1-Jan-03 46,419 - - - 46,419 15% 46,419 - - 46,419 - -
15 NEW TUBE LIGHTS WITH COVERS IN WAREHOUSE 1 & 2 1-Apr-04 1,092 - - - 1,092 25% 1,092 - - 1,092 - -
LADIES CHANGE ROOM 1-Oct-06 15,230 - - - 15,230 15% 15,230 - - 15,230 - -
7 SECURITY LIGHTS 1-Sep-06 1,726 - - - 1,726 25% 1,726 - - 1,726 - -
SYRUPING HALL UPGRADE 1-Feb-07 40,641 - - - 40,641 25% 40,641 - - 40,641 - -
FACTORY UPGRADE - BRINING ROOF, WAREHOUSE & SECURITY HOUSE 1-Mar-08 15,469 - - - 15,469 15% 15,469 - - 15,469 - -
FACTORY UPGRADE - BRINING BUILDING 1-Dec-08 70,742 - - - 70,742 15% 70,742 - - 70,742 - -
HIDAY LIGHTS - CUTTING DEPARTMENT 17-Jan-12 5,522 - - - 5,522 25% 5,522 - - 5,522 - -
ROLLER DOORS 1-Jan-14 139,427 - - - 139,427 15% 139,427 - - 139,427 - -
BRINE BUILDING CEILING UPGRADE 29-Aug-14 105,090 - - - 105,090 5% 41,160 5,254 - 46,415 58,675 63,930
BRINE FLOOR UPGRADE 31-Jan-18 75,448 - - - 75,448 5% 16,661 3,772 - 20,434 55,014 58,787
SYRUPING HALL FLOOR UPGRADE 31-Jan-18 202,400 - - - 202,400 5% 44,697 10,120 - 54,817 147,583 157,703
CRYSTALLIZE PACKING ROOM FLOOR UPGRADE 1-Mar-21 31,100 - - - 31,100 5% 2,073 1,555 - 3,628 27,472 29,027
5,927,217 - - - 5,927,217 2,017,770 20,702 - 2,038,472 3,888,745 3,909,447
FACTORY OVERHEADS
SHIPPING CONTAINER FOR STORAGE 3-Mar-97 1,875 - - - 1,875 15% 1,875 - - 1,875 - -
NEW WATER SUPPLY METER 1-Dec-97 4,245 - - - 4,245 15% 4,245 - - 4,245 - -
1 FORKLIFT RAMP 29-Sep-99 761 - - - 761 15% 761 - - 761 - -
FIRE EXTINGUISHERS 31-May-00 4,071 - - - 4,071 15% 4,071 - - 4,071 - -
240V SIREN 15-May-00 564 - - - 564 15% 564 - - 564 - -
WOODEN LOCKERS, RECEPTION PARTITION & BENCHES 11-Feb-03 6,495 - - - 6,495 25% 6,495 - - 6,495 - -
STAINLESS STEEL WATER LINE 1-Aug-05 81,907 - - - 81,907 15% 81,907 - - 81,907 - -
KANA ROOM TABLES & BENCHES 1-Mar-08 4,049 - - - 4,049 20% 4,049 - - 4,049 - -
AUTOMATIC HAND DRYERS - 3 1-Jun-08 2,640 - - - 2,640 25% 2,640 - - 2,640 - -
ELECTRICAL POWER FACTOR UNIT 1-Oct-10 18,130 - - - 18,130 15% 18,130 - - 18,130 - -
10,000L WATER TANK 5-Apr-11 1,652 - - - 1,652 15% 1,652 - - 1,652 - -
AVERY SCALE 3205 500KG SN 75570 1-Jun-11 1,511 - - - 1,511 15% 1,511 - - 1,511 - -
WAREHOUSE RACKING 31-Dec-11 18,564 - - - 18,564 10% 18,563 - - 18,563 1 1
CAS ER-PLUS SCALE 15/30KG SN 110542106 7-May-12 861 - - - 861 15% 861 - - 861 - -
CAS ER-PLUS SCALE 15/30KG SN 130453470 4-Jul-13 713 - - - 713 15% 713 - - 713 - -
10,000L WATER TANK 23-Sep-14 2,037 - - - 2,037 15% 2,037 - - 2,037 - -
2 SCALES UWE ASEP MN ASEP-30 SN ASEP-C5728/C5706 21-Feb-17 1,431 - - - 1,431 15% 1,145 215 - 1,360 72 286
FIRE ALARM SYSTEM 17-Jun-19 22,569 - - - 22,569 15% 10,156 3,385 - 13,541 9,028 12,413
CCTV CAMERA SYSTEM 13-Jun-19 11,807 - - - 11,807 15% 5,313 1,771 - 7,084 4,723 6,494
1x12000BTU LRL AIR CONDITIONER - PRODUCTION MANAGER OFFICE 28-Feb-22 1,147 - 1,147 15% - 172 - 172 975 1,070
STIHL WATER BLASTER MODEL RE120 4-Apr-22 1,228 - 1,228 15% 184 - 184 1,044 1,228
LOCKER 1,886 1,886
HAND PALLET JACK 1,642 1,642
STIHL WATER BLASTER MODEL RE170 1,683 1,683
188,258 5,211 - - 193,470 166,689 5,727 - 172,416 15,842 21,493
QUALITY CONTROL
LAB EQUIPMENTS 1-Jan-95 4,394 - - - 4,394 15% 4,394 - - 4,394 - -
MICROLAB 27-Nov-98 5,614 - - - 5,614 15% 5,614 - - 5,614 - -
LAB EQUIPMENTS 23-Mar-99 16,704 - - - 16,704 15% 16,704 - - 16,704 - -
REFRACTORMETER DIGITAL RFM130 1-Jun-00 10,315 - - - 10,315 15% 10,315 - - 10,315 - -
HOTPLATE GLASS CERAMIC 160x160mm PLATE 26-Nov-01 760 - - - 760 15% 760 - - 760 - -
1 ONLY DIGITAL SCALE - SARTORIUS BL1500 SN 15307718 28-Oct-03 969 - - - 969 15% 969 - - 969 - -
PH METER - SERIAL NO.: 07257 29-Dec-06 1,553 - - - 1,553 15% 1,553 - - 1,553 - -
WATER CASCADE, MOISTURE ANALYSER, REFRACTOMETER, PH METER & 2 DISPEN 31-Mar-13 30,569 - - - 30,569 15% 30,569 - - 30,569 - -
ACCUPOINT HYGIENE MONITOR - SN AP2-3267-M 1-May-13 5,978 - - - 5,978 15% 5,978 - - 5,978 - -
BALANCE, OHAUS MOISTURE ANALYSER MB90 SN. 31-Oct-17 5,339 - - - 5,339 25% 5,338 - - 5,338 1 1
VIBRA AJ3200CE ANALYTICAL BALANCE SN:171067016 17-May-18 1,743 - - - 1,743 25% 1,742 - - 1,742 1 1
1x9000BTU LRL AIR CONDITIONER - WAREHOUSE OFFICE 31-Jul-19 917 - - - 917 20% 535 183 - 719 199 382
1x12000BTU LRL AIR CONDITIONER - LAB 16-Jan-20 1,055 - - - 1,055 20% 510 211 - 721 334 545
28-Feb-22 1,147 - 1,147 20% 76 229 306 841 1,070
87,059 - - - 87,059 85,059 624 - 85,683 1,376 2,000
BOILER
BOILER CHEM FEED PUMP 1-Jan-95 1,000 - - - 1,000 15% 1,000 - - 1,000 - -
BOILER CHIMNEY (BIG) 1-Jan-95 2,655 - - - 2,655 15% 2,655 - - 2,655 - -
BOILER WATER TANK 1-Jan-95 1,000 - - - 1,000 15% 1,000 - - 1,000 - -
STEAM LINE 1-Jan-95 975 - - - 975 15% 975 - - 975 - -
BOILER CHIMNEY (SMALL) 15-Jul-97 450 - - - 450 15% 450 - - 450 - -
ADDITIONAL STEAM PIPE 13-May-98 734 - - - 734 15% 734 - - 734 - -
BOILER COMPRESSOR 31-Mar-99 5,245 - - - 5,245 15% 5,245 - - 5,245 - -
BOILER ROOM 12-Feb-99 27,273 - - - 27,273 5% 27,273 - - 27,273 - -
BOILERLAND STEAM FIRED BOILER (EX-BUDERIM) 1-May-99 127,837 - - - 127,837 15% 127,837 - - 127,837 - -
STEAM LINE 1-Jan-99 52,298 - - - 52,298 15% 52,298 - - 52,298 - -
STEAM GATE VALVE 7-Jul-00 1,123 - - - 1,123 15% 1,123 - - 1,123 - -
BOILER UPGRADE - LIMITED ATTENDANCE 1-Feb-07 38,301 - - - 38,301 15% 38,301 - - 38,301 - -
BOILER COMPRESSOR 3-Feb-11 5,268 - - - 5,268 15% 5,268 - - 5,268 - -
264,158 - - - 264,158 264,158 - - 264,158 - -
740
OFFICE PARTITION - ACCOUNTS OFFICE 23-Jan-98 375 - - - 375 20% 375 - - 375 - -
2 DESKS 26-Feb-98 372 - - - 372 20% 372 - - 372 - -
1 ONLY RETURN TABLE - ACCOUNTANT 29-Oct-99 255 - - - 255 20% 255 - - 255 - -
FILING CABINET 2-Mar-01 271 - - - 271 20% 271 - - 271 - -
MYOB PREMIER ACCOUNTING SOFTWARE 1-Sep-00 3,182 - - - 3,182 25% 3,182 - - 3,182 - -
COMPUTER SERVER ROOM 24-Jul-03 698 - - - 698 20% 698 - - 698 - -
18000 BTU DAIKIN SPLIT SYSTEM AIR CONDITIONER - BOARD ROOM 31-Jan-06 1,644 - - - 1,644 20% 1,644 - - 1,644 - -
18000 BTU DAIKIN SPLIT SYSTEM AIR CONDITIONER - MICRO LAB 31-Jan-06 - - - - - 20% - - - - - -
OFFICE FURNITURE - TABLES, CHAIRS, SHELVES & LOCKERS 20-Apr-06 1,547 - - - 1,547 20% 1,547 - - 1,547 - -
OLYMPUS DIGITAL CAMERA FE-270 26-Nov-07 345 - - - 345 20% 345 - - 345 - -
WORLD AUTOMATIC HAND DRYER 1-Jul-09 782 - - - 782 20% 782 - - 782 - -
BROTHER FAX 2820 1-May-10 468 - - - 468 20% 468 - - 468 - -
KONICA MINOLTA BIZHUB 211 COPIER 1-Jul-10 5,942 - - - 5,942 20% 5,942 - - 5,942 - -
HP COMPUTER - LAW FOOK 1-May-11 - - - - - 20% - - - - - -
760 MOTOR VEHICLE - KIA SPORTAGE 18-Oct-11 56,522 - - - 56,522 20% 56,522 - - 56,522 - -
9000 BTU DAIKIN SPLIT SYSTEM AIR CONDITIONER - RECEPTION 1-Nov-13 1,126 - - - 1,126 20% 1,126 - - 1,126 - -
HP 4300 PRO SFF DESKTOP COMPUTERS 16-Jan-14 3,739 - - - 3,739 20% 3,739 - - 3,739 - -
HP DESKTOP COMPUTER - RECEPTION 25-Apr-14 1,912 - - - 1,912 20% 1,912 - - 1,912 - -
HP PRODESK 600 SFF I5 DESKTOP COMPUTER - FINANACE OFFICE 30-Aug-16 1,651 - - - 1,651 20% 1,650 - - 1,650 1 1
MOTOR VEHICLE - TOYOTA PRIUS HYBRID 26-May-17 17,711 - - - 17,711 20% 17,710 - - 17,710 1 1
24000 LRL AIRCONDITIONING UNIT - FRONT OFFICE 31-Jan-18 1,495 - - - 1,495 20% 1,321 - - 1,321 174 174
24000 LRL AIRCONDITIONING UNIT - FINANCE OFFICE 13-Apr-19 1,541 - - - 1,541 20% 976 308 - 1,284 257 565
HP 600 DESKTOP COMPUTER - PRANEEL SEN 9-Jul-19 2,466 - - - 2,466 20% 1,439 493 - 1,932 534 1,028
HP PRODESK 600 SFF I5 DESKTOP COMPUTER - SALESH 26-May-20 2,330 - - - 2,330 20% 971 466 - 1,437 893 1,359
HP PRODESK 600 SFF I5 DESKTOP COMPUTER - MATELITA 15-Jun-20 2,273 - - - 2,273 20% 909 455 - 1,364 909 1,364
MA-300 BIOMETRIC DOOR ACCESS CONTROL UNIT 24-Jun-20 1,679 - - - 1,679 20% 672 336 - 1,007 672 1,007
HP LAPTOP - FINANCE 15-Jul-20 2,462 - - - 2,462 20% 964 492 - 1,457 1,005 1,498
HP 600 DESKTOP COMPUTER - NEW SERVER 30-Jul-20 2,283 - - 2,283 20% 875 457 - 1,331 951 1,408
AMANO PIX-3000X ELECTRONIC TIME RECORDER SERIAL # 307582 28-Oct-20 1,927 - - - 1,927 20% 642 385 - 1,028 899 1,284
SAMSUNG REFRIGERATOR 7-Dec-20 1,256 - - - 1,256 20% 377 251 - 628 628 879
WOODEN SOFA SET - 2 PIECE 15-Dec-20 1,375 - - - 1,375 20% 413 275 - 688 688 963
HP PRODESK 600 SFF I5 DESKTOP COMPUTER - LAW 9-Feb-21 2,219 - - - 2,219 20% 610 444 - 1,054 1,165 1,609
MOTOR VEHICLE - ISUZU D-MAX 4X4 15-Feb-21 71,550 - - - 71,550 20% 19,676 14,310 - 33,986 37,564 51,824
LENOVO LAPTOP - SANFRED SMITH 17-Jun-21 2,219 - - - 2,219 20% 444 444 - 888 1,332 1,775
DELL LAPTOP X 2 30-Jun-22 3,883 - 3,883 20% - 777 - 777 3,107 3,883
MOTOR VEHICLE - FORD RANGER 71,101 71,101 14,220 14,220
TABLE,SIDE RETURN, PEDESTAL 1,833 1,833 336 336
DESK,PEDESTAL 693 693 127 127
APPLE IPHONE 13 PRO MAX 2,737 2,737 501 501
PAYROLL & TNA 7,239 7,239 483 483
MOTOR VEHICLE- HYUNDAI CRETA 51,322 51,322 -
199,502 134,925 - - 270,603 128,828 35,735 - 100,457 50,780 70,623
9,299,357 997,138 2,843 1,400 10,234,115 - 4,949,835 265,401 - 5,151,129 4,955,566 4,349,395
TFP ASSETS 1-Jul-99
SYRUPPING 113,084 - - - 113,084 25% 113,084 - 113,084 - -
113,084 - - - 113,084 113,084 - - 113,084 - -
TOTAL 9,412,442 997,138 2,843 1,400 10,347,200 5,062,919 265,401 - 5,264,214 4,955,566 4,349,395
Page 32
FOR THE YEAR ENDED 30 JUNE 2023 June 2022 - Draft June 2020 - Final
OPENING BALANCE MOVEMENT CLOSING BALANCE
DR CR DR CR DR CR
Bank-AUD - 24,777.61 24,777.61 -

Bank-FJD 6,029.51 10,543,426.25 10,641,410.00 (91,954.24) -
Petty Cash 1,500.00 1,500.00
cash on hand 5,919.14 10,438.67 15,041.91 1,315.90
Trade Receivables 858,863.97 4,255,513.16 4,060,200.42 1,054,176.71
Inventories: - -
Finished goods and work in progress 1,462,808.38 11,686,805.95 11,922,664.48 1,226,949.85
Raw materials and stores 3,273,496.45 18,512,618.16 17,490,453.28 4,295,661.33
-
FITB - -
Clearing - -
Consumables - -
Goods in transit - -
Other Debtors and deposits: - -
VAT Receivable 58,187.22 436,921.96 417,728.14 77,381.04
Employee Loans 53,759.50 53,759.50
Deposits 30,614.33 30,614.33
Prepayments 31,371.86 142,716.36 146,885.94 27,202.28
Other Debtors - -
Deferred Tax Asset 329,187.41 329,187.41
Owing by Buderim Ginger Limited - -
Goodwill 0.48 0.48
Provision for amortisation - -
Less Accumulated Provision for Depreciation (5,063,046.68) - 20,701.92 (5,083,748.60)
Building revaluation reserve - -
Plant & Equipment at Cost 3,688,345.01 1,049,994.84 75,868.47 4,662,471.38
Less Accumulated Provision for Depreciation - 65,732.52 248,623.29 (182,890.77)
Motor Vehicle at Cost -
Less Accumulated Provision for Depreciation -
Office Equipment at Cost -
Less Accumulated Provision for Depreciation -
CAPITAL C/F EXPENDITURE 804,445.63 770,953.84 33,491.79
Future Income Tax Benefit -
-
Bank Overdraft - -
Trade Creditors 1,009,861.08 26,425,860.27 27,490,258.67 2,074,259.48
Income in Advance - Related Party 1,254,539.74 4,951,487.95 3,788,889.81 91,941.60
Other accruals 367,063.15 790,737.17 581,309.65 157,635.63
Provision for Dividends - -
Borrowings - BFF 1,653,865.93 708,220.94 4,431,776.49 5,377,421.48
- -
Employee Loans - 29,950.00 44,361.59 14,411.59
Provisions - 128,086.84 128,086.84 -
Income Tax 53,862.00 29,569.18 11,940.10 (71,491.08)
Annual Leave 58,624.76 2,741,746.28 2,743,735.48 60,613.96
VAT Payable - -
Borrowings - -
Deferred Tax Liability 120,000.00 120,000.00
Dividend Paid - -
- -
Issued Capital 198,544.00 198,544.00
Retained Earnings 2,504,678.33 2,504,678.33
ARR 3,350,000.00 3,350,000.00
DR CR DR CR DR CR
Export Sales 30,632.23 6,535,463.17 6,504,830.94

Local Sales -
Opening Stock 4,736,304.83 4,736,304.83

Purchases 16,926,814.93 11,999,560.35 4,927,254.58
Direct Labor 763,572.73 32,505.33 731,067.40
Boiler Fuel 360,585.82 469.60 360,116.22

Cleaning 32,504.28 65.45 32,438.83
Depreciation 269,325.21 224.16 269,101.05
Electricity 142,132.80 644.17 141,488.63
Equipment Hire 64,181.53 - 64,181.53
Indirect Labor 366,675.40 15,122.59 351,552.81
Lease Costs -
Materials-repairs & maintenance 109,312.53 76,845.03 32,467.50
Meal Money -
Pest Control 16,892.34 - 16,892.34
Quality Audits 39,499.49 1,308.03 38,191.46
Rates and Water 61,137.62 101.04 61,036.58
Rent 37,800.00 - 37,800.00
Servicing Supplies 151,971.51 4,314.39 147,657.12
Sundry and other expenses - Factory 27,217.36 - 27,217.36
Uniforms 63,224.54 29,379.00 33,845.54
Less Closing Stock 5,522,611.18 (5,522,611.18)
-
Accounting and Audit Fees 53,989.72 9,296.20 44,693.52
-
Bad and Doubtful Debts 325.00 325.00
Bank Charges 4,099.83 4,099.83
Commission 34,674.81 7,147.99 27,526.82
Depreciation 1,675.18 1,675.18 -
Donation 11,906.34 500.00 11,406.34
Discount Allowed -
Entertainment 2,942.65 2,942.65
FBT 1,795.40 1,795.40
Freight 548,665.35 121,628.43 427,036.92
Insurance 110,171.66 - 110,171.66
Interest 182,869.52 182,869.52
DR CR DR CR DR CR
Legal Fees -
License Fee 5,260.83 1,347.75 3,913.08
Loss-Disposal FA - 4,587.16 (4,587.16)
Motor Vehicles Running 24,983.89 - 24,983.89
Printing, postage and stationery 16,304.86 29.77 16,275.09
Professional Fees 56,311.29 34,888.58 21,422.71
Realised Loss -
Repairs and Maintenance 266,395.66 68,764.22 197,631.44
Safety Equipment 32,308.68 1,022.28 31,286.40
Salary 617,270.76 120,016.53 497,254.23
Security 87,932.49 6,040.35 81,892.14
Staff Training -
Stock Write-off -
Subscription 811.63 811.63
Sundry - Selling & Distribution 683.41 683.41
Sundry expense 6,714.62 495.53 6,219.09
Superannuation 96,674.08 38,738.64 57,935.44
Telephone and Facsimile 15,936.90 337.41 15,599.49
Training & Development 450.16 450.16
Unrealised loss -
-
Sundry income 5,870.00 7,016.22 1,146.22
Gain on Sale of Fixed Assets -
Interest Income -
Foreign Exchange Gain - realised 70,395.80 65,895.57 (4,500.23)
Foreign Exchange Gain - unrealised 318,132.13 357,716.90 - 39,584.77
-
Income Tax Expense -
10,517,181.36 10,517,176.99 110,121,425.78 110,121,426.13 20,419,080.71 20,419,076.69

GL Account GL Description Sub-Account Cost Center BC Opening Balance
10100 Petty Cash No 1,500.00

16450 Goodwill No 232,600.00
16500 Trademarks No 2,186.25
12001 Trade Debtors-Internal No 0.00
12000 Trade Debtors-External No 858,863.97
12400 Trade Debtors-DataMigr No 0.00
16400 Capital Expenditure No 0.00
13100 Stock-SemiProcessedGoods 3SYR No 0.00
13100 Stock-SemiProcessedGoods 3FRH No 0.00
13999 Stock-OpBal Migration No 0.00
13300 Stock-Finished Goods 4SYR No 254,008.33
13300 Stock-Finished Goods 4CRY No 196,531.97
13300 Stock-Finished Goods 4FRH No 0.01
99990 System Suspense No 0.00
13110 Stock-Whole Root No 156,235.53
15000 Prepayments No 31,371.86
11500 Insurance Clearing No 0.00
18300 Loan Frespac-AUD No 0.00
13155 Stock-Cut&Slice FIJI No 372,914.12
10000 Cash on Hand No 5,919.14
13900 Stock-GINR No 4,365.96
12001 Trade Debtors-Internal 20501 No 0.00
17800 Loan BGL-AUD No 0.00
13650 Stock-Laboratory Cons No 16,690.45
11870 Clearing-Frespac No 0.01
10200 Bank-AUD No 0.00
13300 Stock-Finished Goods 6CRY No 0.21
16550 Amort-Goodwill No -232,599.52
11600 Other Debtors No 0.00
16000 Land No 2,400,000.00
16300 Acc Dep - P&E No -3,048,777.43
16100 P&E No 3,688,345.01
16050 Buildings No 3,324,096.53
11000 Deposits Paid No 30,614.33
17950 Loan BFF No -1,653,865.93
13005 Stock-Packaging FIJI No 140,669.36
13105 Stock-Whole Root FIJI No 2,821,237.67
11200 Employee Loans No 53,759.50
17100 FITB No 329,185.82
10300 Bank-FJD No 6,029.51
10999 Supplier Payment in Prog No -151,112.58
11400 GST/VAT/GET Receivable No 2,470,631.95
11401 GST/VAT/GET Rec Clearing No -2,283,350.36
12100 Trade Debtors-FX Rev Ext No -5,037.35
13950 Stock-Inv Trf Clearing No 0.00
13700 Stock-Fuel No 25,881.00
13170 Stock-SemiProc Syrup No 56,444.75
12001 Trade Debtors-Internal 20509 No -1,254,539.74
13055 Stock-Raw Materials FIJI No 228,077.30
13110 Stock-Whole Root 1GIO No 21,008.54
13150 Stock-Cut&Slice Ginger No 0.02
13175 Stock-SemiProc SyrupFIJI No 293,633.18
13205 Stock-WIP FIJI No 148,606.44
16250 Acc Dep - Buildings No -2,014,269.25
11950 Clearing Account BFF No 0.00
11700 Suspense No 0.00
BC Period Debit BC Period Credit BC Balance Entity Code GL Category
- - 1,500.00 FRG Asset

- - 232,600.00 FRG Asset
- - 2,186.25 FRG Asset
- - - FRG Asset
3,851,958.65 3,659,432.41 1,051,390.21 FRG Asset
- - - FRG Asset
804,445.63 770,953.84 33,491.79 FRG Asset
- - - FRG Asset
- - - FRG Asset
- - - FRG Asset
2,121,369.85 2,141,322.24 234,055.94 FRG Asset
1,710,207.84 1,656,801.37 249,938.44 FRG Asset
8,443.25 8,443.25 0.01 FRG Asset
- - - FRG Asset
- - 156,235.53 FRG Asset
142,716.36 146,885.94 27,202.28 FRG Asset
- - - FRG Asset
- - - FRG Asset
3,459,294.28 2,948,192.21 884,016.19 FRG Asset
10,438.67 15,041.91 1,315.90 FRG Asset
944,313.06 912,714.10 35,964.92 FRG Asset
- - - FRG Asset
- - - FRG Asset
18,701.24 22,497.83 12,893.86 FRG Asset
- - 0.01 FRG Asset
24,777.61 24,777.61 - FRG Asset
20,742.26 20,742.26 0.21 FRG Asset
- - (232,599.52) FRG Asset
- - - FRG Asset
- - 2,400,000.00 FRG Asset
65,732.52 248,623.29 (3,231,668.20) FRG Asset
1,049,994.84 75,868.47 4,662,471.38 FRG Asset
- - 3,324,096.53 FRG Asset
- - 30,614.33 FRG Asset
708,220.94 4,431,776.49 (5,377,421.48) FRG Asset
259,731.32 237,912.94 162,487.74 FRG Asset
3,225,011.73 2,866,396.95 3,179,852.45 FRG Asset
29,950.00 44,361.59 39,347.91 FRG Asset
- - 329,185.82 FRG Asset
10,543,426.25 10,641,410.00 (91,954.24) FRG Asset
5,762,400.17 5,774,955.26 (163,667.67) FRG Asset
423,170.05 38,172.21 2,855,629.79 FRG Asset
13,751.91 374,840.26 (2,644,438.71) FRG Asset
119,001.64 116,215.34 (2,251.05) FRG Asset
5,995,198.73 5,995,198.73 - FRG Asset
319,268.46 335,481.27 9,668.19 FRG Asset
666,385.44 690,910.80 31,919.39 FRG Asset
4,951,487.95 3,788,889.81 (91,941.60) FRG Asset
2,166,402.41 1,872,325.90 522,153.81 FRG Asset
327,024.00 504,268.08 (156,235.54) FRG Asset
1,131,287.49 1,104,554.47 26,733.04 FRG Asset
2,818,266.42 3,035,711.24 76,188.36 FRG Asset
5,007,776.33 5,059,644.12 96,738.65 FRG Asset
- 20,701.92 (2,034,971.17) FRG Asset
74,552.87 74,552.87 - FRG Asset
210,000.00 209,999.80 0.20 FRG Asset
GL Type
Standard Account
Standard Account
Standard Account
Customer Control Account
Standard Account
Standard Account
Inventory Control Account
Standard Account
Standard Account
Standard Account
Standard Account
Standard Account
Standard Account
Standard Account
Standard Account
Standard Account
Standard Account
Standard Account
Bank Account
Standard Account
Standard Account
Standard Account
Standard Account
Standard Account 974,126.37
Standard Account
Standard Account
Standard Account
Standard Account
Standard Account
Standard Account
Standard Account
Bank Account
Supplier Payment Account
Tax Account
Standard Account
Standard Account
Standard Account
Standard Account
Standard Account
Standard Account
Standard Account
Standard Account
Standard Account
Standard Account
FINANCIAL STATEMENTS
CONTENTS
Page 1 Company Directory
2-3 Directors' Report
4 Statement by Directors
5 Auditor's Independence Declaration to the Directors
6-8 Independent Auditor’s Report
9 Statement of Comprehensive Income
10 Statement of Changes in Equity
11 Statement of Financial Position
12 Statement of Cash Flows
13 - 24 Notes to the Financial Statements
25 Disclaimer to Supplementary Information
26 - 27 Detailed Statement of Profit and Loss
28 - 32 Fixed Asset and Depreciation Schedule

COMPANY DIRECTORY
AS AT 30 JUNE 2022
NATURE OF BUSINESS : Processing and Exporting of Ginger

REGISTERED OFFICE : Lot 13
Wailada Estate
Lami
DIRECTORS : Law Fook Kuen

Andrew Paul Bond
COMPANY SECRETARY : Law Fook Kuen

AUDITORS : PKF aliz pacific

Chartered Accountants & Business Advisors
Suva & Nadi
BUSINESS LOCATION : Lot 14

Wailada Industrial
Lami
BANKERS : Westpac Banking Corporation

Suva
SHAREHOLDERS : Buderim Foods Pty Ltd 198,544 Ordinary Shares fully paid
Page 1
DIRECTORS' REPORT
In accordance with a resolution of directors, the directors herewith submit the statement of financial position of Frespac Ginger (Fiji) Pte Limited as at
30 June 2022, the related statement of profit or loss and other comprehensive income, statement of changes in equity and statement of cash flows for
the year then ended and report as follows:
Directors
The Directors of the Company in office during the financial year and up to the date of this report are:
1) Law Fook Kuen

2) Thomas Thedal Himstedt
3) Andrew Paul Bond
Principal Activities
The principal activity of the Company in the course of the financial year comprised of processing and exporting of ginger. There were no significant
changes in the nature of the activities of the Company during the financial year.
Results
30 June 30 June
2022 2021
$FJ $FJ
Net (Loss) before Income Tax (331,667) (139,917)
Income Tax Expense/(Benefit) (130,230) 26,717
Net (Loss) after Income Tax (201,438) (166,634)
Dividends
No dividends have been paid or declared since the commencement of the year and the Directors recommend that no dividend be declared.
Reserves
The Directors recommend that no amounts be transferred to or from reserves.
Bad Debts and Allowance for Impairment on Trade Receivables
The Directors took reasonable steps before the financial statements were made out to ascertain that all known bad debts were written off and adequate
allowance was made for expected loss.
At the date of this report, the directors are not aware of any circumstances which would render the amount written off for bad debts, or the amount of
the allowance for expected loss, inadequate to any substantial extent.
Basis of Accounting - Going Concern
The financial statements have been prepared on a going concern basis. The directors consider the application of the going concern principle to be
appropriate in the preparation of the financial statements as they believe with the plans and strategies put in place by the company together with the
ongoing support of the shareholders and lenders, the company will generate and maintain required funding for its operations and meet its liabilities and
commitments as and when they fall due over the next twelve months. Accordingly, directors believe that the classification and carrying amounts of the
assets and liabilities as stated in the financial statements to be appropriate.
Current Assets
Prior to the completion of the Financial Statements of the Company the Directors took reasonable steps to ascertain whether any current assets were
likely to realise in the ordinary course of the business, their values as shown in the accounting records of the Company.
Where necessary these assets have been written down or adequate provision has been made to bring the values of such assets to an amount they are
expected to realise.
As at the date of this report the Directors are not aware of any circumstances which would render the values attributed to the current assets in the
Company's Financial Statements misleading.
Page 2
DIRECTORS' REPORT
Unusual Transaction
In the opinion of the Directors, the results of the Company during the financial year were not substantially affected by any item, transaction or event
of an abnormal character nor has there arisen between the end of the financial year and the date of this report any item, transaction or an event of an
abnormal character likely in the opinion of the Directors to affect substantially the results of the operations of the Company in the current financial
year.
Events Subsequent to Balance Date

There has not arisen in the interval between the year and the date of this report any item, transactions or event of a material and unusual nature likely,
in the opinion of the Directors, to affect significantly the operations of the Company, the results of those operations or the state of affairs of the
Company in subsequent financial years.
Related Party Transactions
In the opinion of the Directors all related party transactions have been adequately recorded in the books of the Company.
Other Circumstances
As at the date of this report:
(i) No charge on the assets of the Company has been given since the end of the financial year to secure the liabilities of any other person;
(ii) No contingent liabilities has arisen for which the Company could become liable; and
(iii) No contingent liabilities or other liabilities of any Company has become or is likely to become enforceable within the year after the end of the
financial year which in the opinion of the Directors will or may substantially affect the ability of the Company to meet its obligation as and
when they fall due.
As at the date of this report the Directors are not aware of any circumstances that have arisen not otherwise dealt with in this report which would make
adherence to the existing method of valuation of assets or liabilities of the Company misleading or inappropriate.
________________________ ________________________
Director Director
Page 3
STATEMENT BY DIRECTORS
In accordance with a resolution and in the opinion of the Directors of FRESPAC GINGER (FIJI) PTE LIMITED, we state that:-
(a)
the accompanying Statement of Comprehensive of Income is drawn up so as to give a true and fair view of the results of the Company for the
year ended 30 June 2022;
(b) the accompanying Statement of Changes in Equity for the period ended 30 June 2022 is drawn up so as to give a true and fair view of the
movement in shareholder's fund;
(c) the accompanying Statement of Financial Position is drawn up so as to give a true and fair view of the state of affairs of the Company as at 30
June 2022;
(d) the accompanying Statement of Cash Flows is drawn up so as to give true and fair view of the cash flow of the Company for the year ended 30
June 2022;
(e)
at the date of this statement there are reasonable grounds to believe that the Company will be able to pay its debts as and when they fall due;
(f) all related party transactions have been adequately recorded in the books of the Company; and
(g) The Financial Statement have been made out in accordance with the applicable Accounting Standards and the Companies Act, 2015.
________________________ ________________________
Director Director
Page 4
STATEMENT OF COMPREHENSIVE INCOME

2022 2021
$FJ $FJ
Revenue 7,821,494 4,294,788
Cost of Goods Sold (6,667,337) (3,534,270)
Gross Profit 1,154,157 760,518
Other Income 3 (i) 90,630 216,164
1,244,787 976,682
Administrative Expense (281,137) (213,263)

Selling & Distribution Expense (640,027) (238,936)
Other Operating Expenses (551,150) (642,353)
(1,472,314) (1,094,552)
(Loss) from Operating Activities (227,527) (117,870)
Finance Costs 3 (ii) (104,141) (22,047)
(Loss) Before Income Tax (331,667) (139,917)
Income Tax Expense/(Benefit) 4 (i) (130,230) 26,717
Net (Loss) After Income Tax (201,438) (166,634)
Revaluation Surplus on Building, net of tax - 1,080,000
Total Comprehensive Income for the year (201,438) 913,366
The Statement of Comprehensive Income is to be read in conjunction with the Accounting Policies and Notes to the Financial Statements set out on
pages 13 to 24.
Page 9
STATEMENT OF CHANGES IN EQUITY
Share Revaluation Retained Total

Capital Reserves Earnings
$FJ $FJ $FJ $FJ
Other Comprehensive Income for the year, net of tax - 1,080,000 - 1,080,000
Total Comprehensive Income for the year - 1,080,000 (166,634) 913,366

Total Comprehensive Income for the year - - (201,438) (201,438)
The Statement of Changes in Equity is to be read in conjunction with the Accounting Policies and Notes to the Financial Statements set out on pages
13 to 24.
Page 10
STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2022

2022 2021
$FJ $FJ
Current Assets
Cash and Cash Equivalents 5 (i) 13,449 1,929

Trade and Other Receivables 6 (i) 1,056,044 158,407
Inventories 7 4,736,305 3,516,938
Total Current Assets 5,805,797 3,677,275
Non Current Assets
Deferred Tax Assets 4 (ii) 329,187 198,958

Other Receivables 6 (ii) 30,614 33,114
Intangible Asset 8 2,186 2,186
Property, Plant and Equipment 9 4,349,395 4,242,669
Total Non Current Assets 4,711,383 4,476,928
Total Assets 10,517,180 8,154,203
Current Liabilities
Bank Overdraft 5 (ii) - 78,643

Trade and Other Payables 10 2,631,464 569,602
Provisions 11 58,625 65,656
Total Current Liabilities 2,690,089 713,900
Interest Bearing Borrowing 19 (c) 1,653,866 1,065,639

Deferred Tax Liability 4 (iv) 120,000 120,000
Total Liabilities 4,463,955 1,899,539
Net Assets 6,053,222 6,254,660
Share Capital 14 198,544 198,544

Asset Revaluation Reserve 15 3,350,000 3,350,000
Retained Earnings 12 2,504,678 2,706,116
Total Shareholders Equity 6,053,222 6,254,660
These financial statements have been audited.
Signed on behalf of the board and in accordance with a resolution of the directors.
________________________ ________________________
Director Director
The Statement of Financial Position is to be read in conjunction with the Accounting Policies and Notes to the Financial Statements set out on pages
13 to 24.
Page 11
STATEMENT OF CASH FLOWS

2022 2021
$FJ $FJ
Cash Flows from Operating Activities
Receipts From Customers 7,911,713 4,497,145

Payments to Suppliers and Employees (8,065,701) (5,336,120)
Bank Charges and Interest Paid (104,141) (22,047)
Net Cash Flows (Used in) Operating Activities 13 (ii) (258,129) (861,023)
Cash Flows From Investing Activities
Proceeds from Disposal of Property, Plant and Equipment 202 13,807

(Acquisitions) for Plant and Equipment (240,350) (186,889)
Net Cash (Used In) Investing Activities (240,148) (173,082)
Cash Flows From Financing Activities
Proceeds from Related Party 588,227 1,065,639
Net Cash Provided by Financing Activities 588,227 1,065,639
Net Increase In Cash Held 90,162 31,535

Cash and Cash Equivalents at the Beginning of the year (76,714) (108,252)
Cash and Cash Equivalents at the end of Financial year 13 (i) 13,449 (76,714)
The Statement of Cash Flow to be read in conjunction with the Accounting Policies and Notes to the Financial Statements set out on pages 13 to 24.
Page 12
1 Significant Accounting Policies
(a) Reporting Entity
Frespac Ginger (Fiji) Pte Limited ('the Company') is a company domiciled in Fiji. The Company was incorporated in Fiji on 4 May 1994. Its
principal place of business is located at Wailada, Lami.
The principal activity of the Company during the course of the financial year was to carry on business of processing and exporting of ginger.
There were no significant changes in the nature of the activities of the Company during the financial year.
(b) Statement of Compliance
The financial statements of the Company have been prepared in accordance with the [International Financial Reporting Standard for Small
and Medium-sized Entities] (IFRS for SMEs) and the requirements of the laws of Fiji.
The financial statements were authorised for issue by the Directors on ………………………………....
(c) Basis of Measurement
The financial statements have been prepared using the historical cost basis except where stated.
(d) Functional and Presentation Currency
The financial statements are presented in Fiji Dollars, which is the Company's functional and presentational currency.
(e) Use of Estimates and Judgments
The preparation of the financial statements in conformity with IFRS for SMEs requires management to make judgments, estimates and
assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual
results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in
which the estimates are revised and in any future periods affected.
(f) Cash and Cash Equivalents

Cash and cash equivalents includes cash on hand, demand deposits and other short-term highly liquid investments with original maturities of
three months or less. Bank overdrafts, if present, are shown within borrowings in current liabilities on the statement of financial position.
(g) Trade and Other Receivables
Trade receivables are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest
method, less provision for impairment. A provision for impairment of trade receivables is established when there is objective evidence that the
Company will not be able to collect all amount due according to the original terms of the receivables.
(h) Inventories
Inventories are carried at the lower of cost and net realisable value. Net realisable value is the estimated selling price in the ordinary course of
business less selling expenses. Cost is based on the first in first out principle and includes expenditure incurred in acquiring the inventories and
bringing them to their existing location and condition.
The cost of finished goods and work in progress includes packaging costs, raw materials, direct labour, other direct cost and an appropriate
share of overhead based on normal operating capacity.
At each reporting date, inventories are assessed for impairment. If inventory is impaired, the carrying amount is reduced to its selling price less
costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Page 13
(i) Intangible Assets
Goodwill
Goodwill that arises upon acquisition of business as a going concern is included in intangible assets. The Company measures goodwill at
acquisition date as the fair value of the consideration transferred less the net recognised amount (generally fair value) of the identifiable assets
acquired and liabilities assumed.
Subsequent measurement
Other Intangible Assets (trade mark)
Other intangible assets that are acquired by the Company and have finite lives are measured at cost less accumulated amortisation and
accumulated impairment losses.
(j) Property, Plant and Equipment
Recognition and Measurement

Property, plant and equipment is stated at historical cost less accumulated depreciation and any accumulated impairment loss. Historical cost
includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in
the manner intended by management.
Any gain and loss on disposal of an item of property, plant and equipment is determined by comparing the proceeds from disposal with the
carrying amount of property, plant and equipment. This is recognised within other income / other expenses in profit or loss.
Subsequent Costs
The cost of replacing part of an item of property, plant and equipment is recognised in the carrying amount of the item if it is probable that the
future economic benefit embodied within the part will flow to the Company and its cost can be measured reliably. The cost of the day-to-day
servicing of property, plant and equipment is recognised in profit or loss as incurred.
Depreciation
Depreciation is recognised in profit or loss on a straight-line basis over the estimated useful lives of each component of an item of plant and
equipment. Leased assets are depreciated over the shorter of the lease term and their useful lives unless it is reasonably certain that the
Company will obtain ownership by the end of the lease term.
The depreciation rates for the current and prior year are as follows:
Rates
Leasehold Buildings 2.5%
Office Equipment 12%-25%
Plant & Machinery 12.5%
Motor Vehicles 25%
(k) Trade and Other Payables
Trade and other payables are recognised at amortised cost. A provision is recognised in the statement of financial position when the Company
has a legal or constructive obligation as a result of a past event, and it is probable that an outflow of economic benefits will be required to settle
the obligation. If the effect is material, provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects
current market assessments of the time value of money and, where appropriate, the risks specific to the liability.
(l) Employee Benefit
Defined contribution plan / superannuation

Contributions are paid to the Fiji National Provident Fund on behalf of employees to secure retirement benefits. Costs are included in profit or
loss.
Page 14
(m) Share Capital
Ordinary shares are classified as equity.

Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of direct cost of issuing the equity
instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
(n) Revenue Recognition
Revenue comprises the fair value of the consideration received or receivable for the sale of goods and services in the ordinary course of the
Company's activities. Revenue is shown net of value added tax, returns, rebates and discounts.
The Company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow
to the entity and specific criteria have been met for each of the Company’s activities as described above.
(o) Foreign Currency Translation
Functional and presentation currency

The Financial Statements are presented in Fiji Dollars ($FJ), which is the Company's functional currency.
Transactions and balances

Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions.
Foreign exchange gains and losses resulting from the settlement of such transactions are recognised in profit or loss.
(p) Current and Deferred Income Tax
Income tax expense comprises current and deferred tax. Income tax expense is recognised in profit or loss except to the extent that it relates to
items recognised directly in equity in which case it is recognised in equity.
Current tax is the expected tax payable or receivable on the taxable income or loss for the period using tax rates enacted or substantively
enacted at the reporting date and any adjustments to tax payable in respect of previous years.
Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting
purposes and the amounts used for taxation purposes. Deferred tax is not recognised for the initial recognition of assets and liabilities in a
transaction that affects neither accounting nor taxable profit. Deferred tax is measured at the tax rates that are expected to be applied to the
temporary difference when they reverse, based on the laws that have been enacted or substantively enacted by the reporting date.
A deferred tax asset is recognised to the extent that it is probable that future taxable profits will be available against which temporary
differences can be utilised. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable
that the related tax benefit will be realised.
(q) Value Added Tax (VAT)
Revenue, expenses and assets are recognised net of the amount of respective VAT except:-
- where the value added tax incurred on the purchase of assets or services is not recoverable from the taxation authority, in which case the value
added tax is recognised as part of the cost of acquisition of the asset or as part of the expense item as applicable; and
- receivables that are stated with the amount of value added tax included and payables that are stated with the amount of value added tax included.
The net amount of valued added tax recoverable or payable to the tax authority is included as part of the receivables or payables in the
Statement of Financial Position.
Page 15
(r) Earnings Per Share
Basic earnings per share is determined by dividing net profit after income tax attributable to shareholders of the Company, excluding any costs
of servicing equity other than ordinary shares, by the weighted average number of ordinary shares outstanding during the financial year,
adjusted for bonus elements in ordinary shares issued during the year.
(s) Dividends
Dividends declared but not distributed is recognised as a liability in the Company's Financial Statements in the year in which the dividend are
proposed or declared by the Company directors.
(t) Comparatives
The comparative figures are for the year ended 30 June 2021 and have been reclassified where considered necessary.
(u) Provision for Stock Obsolescence
Provision for stock obsolescence is assessed and raised on a specific basis based on a review of inventories. Inventories considered obsolete or
non-saleable are written off in the period in which they are identified.
(v) Finance Income and Expenses
Finance costs comprise interest expense on bank loans and borrowings and bank charges.
Unrealised exchange gains or losses are reported on a net basis as either finance income or finance costs depending on whether foreign
currency movements are in a net gain or loss position.
(w) Changes in Comparatives
Where necessary, amounts shown for the previous year have been reclassified to facilitate comparison.
2. Financial Risk Management
a) Overview
The Company has exposure to the following risks from its use of financial instruments:
(i) Credit risk

(ii) Liquidity risk
(iii) Market risk
(iv) Interest Risk
This note presents Information about the Company's exposure to each of the above risks, the Company's objectives, policies and processes for
measuring and managing risk, and the Company's management of capital. Further quantitative disclosures are included throughout these
Financial Statements.
Risk Management Framework
The Board of Directors has overall responsibility for the establishment and oversight of the Company's risk management framework. The
Company's risk management policies are established to identify and analyse the risks faced by the Company, to set appropriate risk limits and
controls, and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in
market conditions and the Company's activities.
(i) Credit Risk
Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual
obligations, and arises principally from the Company's receivables from customers and investment securities.
The Company's exposure to credit risk is influenced mainly by the individual characteristics of each customer. However, management also
considers the demographics of the Company's customer base, including the default risk of the industry in which customers operate, as these
factors may have an Influence on credit risk, particularly in the Currently deteriorating economic Circumstances.
Page 16
(i) Credit Risk (Continued)
Trade accounts receivables consist of large number of customers, spread across diverse industries and geographical areas. Ongoing credit
evaluation is performed on the financial condition of accounts receivables.
The Company does not have any significant credit risk exposure to any single counterparty or any group of counterparties having similar
characteristics. The carrying amount of financial assets recorded in the Financial Statements, net of any allowances for the losses, represents
the Company's minimum exposure to credit risk.
(ii) Liquidity Risk
Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are
settled by delivering cash or another cash financial asset. The Company's approach to managing liquidity is to ensure, as far as possible, that it
will always have sufficient liquidity to meet its liabilities when clue, under both normal and stressed conditions, without incurring unacceptable
losses or risking damage to the Company's reputation.
In addition, the Company maintains a line of credit of an overdraft facility of $450,000 (2021: $450,000) and interest is charged at the rate of
9.99% (2021: 9.99%) per annum.
(iii) Interest Rate Risk
The Company is exposed to interest rate risk as it borrows funds at variable interest rates. The risk is managed closely by the management and
directors within the approved policy parameters.
(iv) Market Risk
Market risk is the risk that changes in market prices, such as foreign exchange rates, interest rates and equity prices will affect the Company's
income or the value of its holdings of financial instruments. The objective of market risk management is to manage and control market risk
exposures within acceptable parameters, while optimising the return.
Fair value interest rate risk arises from the potential for a change in interest rates to cause a fluctuation in the fair value of financial instruments.
The objective is to manage the interest rate risk to achieve stable and sustainable net interest earnings in the long term. In managing this risk,
the Company seeks to achieve a balance between reducing risk to earnings and market value from adverse interest rate movements, and
enhancing net interest income through correct anticipation of the direction and extent of interest rate changes.
b) The following table details the Company's maturity profile of financial instruments as at 30 June 2022.

1 year and Total
$ $ $
Financial Assets:

1,069,492 - 1,069,492
Page 17
The following table details the Company's maturity profile of financial instruments as at 30 June 2021.

1 year and Total
$ $ $
Financial Assets:

Trade and other receivables 158,407 - 158,407
160,336 - 160,336
Financial Liabilities:
Bank Overdraft 78,643 - 78,643
78,643 - 78,643
3. Revenue and Expenses
Other revenue, other operating expenses and finance costs include the following for the period ended 30 June 2022 were:
30 June 30 June
2022 2021
$FJ $FJ
(i) Other Income
Exchange Gain - Realised 90,218 202,357

Gain on Sale of Fixed Assets 202 13,807
Sundry Income 210 -
90,630 216,164
Included in Other Operating Expenses are:
Auditor's Remuneration 8,500 8,500
(ii) Finance Costs

Interest 101,409 19,232
104,141 22,047
Page 18
4. Income Tax 30 June 30 June

2022 2021
(i) Income Tax Expenses $FJ $FJ
The amount of income tax to the financial year differed from

the prima facie amount payable on the net profit.
The difference is reconciled as follows:
Net (Loss) before Income Tax (331,667) (139,917)
Add: Non-Deductible Items

Donation 10,344 6,507
Chargeable Income (321,324) (133,410)
Prima facie Income Tax (Benefit) at 20% (64,265) (26,682)

Over/Under provision of Income Tax (65,965) 53,399
Income Tax Expense/(Benefit) (130,230) 26,717
(ii) Deferred Tax Assets 30 June 30 June

2022 2021
Future Income Tax Benefit reflects $FJ $FJ
the future benefit at current Income Tax
Rates of the following items:-
Provision for annual leave 11,460 12,867

Income Tax Losses - Current 64,265 -
Income Tax Losses Prior Years 65,965 -
Difference in depreciation of fixed assets 187,498 186,091
for accounting and income tax purposes
329,187 198,958
(iii) Income Tax (Refund) 30 June 30 June

2022 2021
$FJ $FJ
Balance as at 01 July (53,862) (88,828)

Income tax (benefit) (64,265) (26,682)
Increase in deferred tax assets 64,265 8,250
Overprovision of Income Tax - 53,399
Balance as at 30 June (53,862) (53,862)
(iv) Deferred Tax Liability 30 June 30 June

2022 2021
$FJ $FJ
Deferred capital gains tax liability (10% of 1,200,000) 120,000 120,000

Page 19
5. (i) Cash at Bank 30 June 30 June

2022 2021
$FJ $FJ
Westpac Banking Corporation Australian Dollar Account - 429

Westpac Banking Corporation Operating Account 6,030 -
Cash on Hand 5,919 -
Petty Cash 1,500 1,500
13,449 1,929
(ii) Bank Overdraft 30 June 30 June

2022 2021
$FJ $FJ
Westpac Banking Corporation Operating Account - (78,643)
* The Overdraft facility with the Westpac Banking Corporation is secured by :-
- A Registered First Mortgage Debenture by Company over all its Assets and Undertaking including its Uncalled and Called but Unpaid Capital;
and
- A Registered First Mortgage by the Company over Crown Lease Nos. 5413 and 5415
Interest is charged at the rate of 9.99% per annum and the limit approved is $450,000.
6. Trade and Other Receivables 30 June 30 June

2022 2021
$FJ $FJ
(i) Current
Trade Receivables 858,864 41,445

VAT Receivable 58,187 27,932
Employee Loans 53,760 26,900
Prepayments 31,372 8,270
Income Tax Refund (Note 4. [iii]) 53,862 53,862
1,056,044 158,407
(ii) Non Current
Deposits 30,614 33,114
7. Inventories 30 June 30 June

2022 2021
$FJ $FJ
Finished goods and work in progress 3,273,496 2,681,576

Raw materials and stores 1,462,808 835,363
4,736,305 3,516,938
8. Intangible assets 30 June 30 June

2022 2021
$FJ $FJ
Trademark 2,186 2,186

Page 20
9.(i) Property, Plant and Equipment 30 June 30 June

2022 2021
$FJ $FJ
Leasehold Land at fair value 2,400,000 2,400,000

Less: Accumulated provision for depreciation - -
2,400,000 2,400,000
Leasehold Buildings at cost 2,327,217 2,296,117

Add: Additions - 31,100
Fair Value Adjustments 1,200,000 1,200,000
1,509,447 1,531,524
Plant, Machinery & Equipment at cost 3,106,224 3,523,826

Add: Additions 240,350 84,239
Less: Deletions (7,132) (501,841)
388,201 241,714
Motor Vehicle at cost 288,391 145,537

Add: Additions - 71,550
Less: Deletions - (71,304)
Less Accumulated provision for depreciation (93,908) (76,352)
51,875 69,431
Net Written Down Value 4,349,395 4,242,669
(ii) Reconciliations
Reconciliations of the carrying amounts of property, plant and equipment by class at the beginning and end of the financial year.
Leasehold Plant Machinery

Leasehold Land Motor Vehicle Total
Buildings & Equipment
$FJ $FJ $FJ $FJ $FJ
W.D.V at the beginning 2,400,000 1,531,524 241,714 69,431 4,242,669

Revaluation - 1,200,000 - - 1,200,000
Additions - - 240,350 - 240,350
Disposals - - (7,132) - (7,132)
Depreciation expense - (22,077) (93,779) (17,556) (133,412)
2,400,000 1,509,447 388,201 51,875 4,349,395
10. Trade and Other Payables 30 June 30 June

2022 2021
$FJ $FJ
Trade Creditors 1,009,861 393,825

Accruals 367,063 175,777
Related Party 1,254,540 -
2,631,464 569,602
Page 21
11. Provisions 30 June 30 June

2022 2021
$FJ $FJ
Annual Leave 58,625 65,656
12. Retained Earnings
The retained earnings of the Company for the financial year ended 30 June 2022 is made up as follows:-
30 June 30 June
2022 2021
$FJ $FJ
Accumulated Profits as at 01 July 2,706,116 2,872,750

Net (Loss) after Tax (201,438) (166,634)
Accumulated Profits as at 30 June 2,504,678 2,706,116
Total Retained Earnings as at 30 June 2,504,678 2,706,116
13. Reconciliation of Cash
(i) Cash and Cash Equivalents
Cash and cash equivalents consist of cash on hand and balances with banks and investments in money market instruments. Cash and cash
equivalents included in the cash flow statement comprise of the following Statement of Financial Position amounts:
30 June 30 June
2022 2021
$FJ $FJ
Cash and Cash Equivalents 13,449 (76,714)
(ii) Reconciliation of Net (Loss) after tax to cash (Used in) Operating Activities
Net (Loss) after Tax (201,438) (166,634)
Adjustments for:
Gain on Disposal of Fixed Assets (202) (13,807)
(68,228) (47,295)
Changes in Assets and Liabilities during the financial year:-
(Increase)/Decrease in Trade and Other Receivables (895,137) 821,176
(Increase) in Inventories (1,219,366) (1,793,830)
(Increase) in Deferred Tax Assets (130,229) (8,250)
Increase in Trade and Other Payables 2,061,862 171,533
(Decrease) in Provisions (7,031) (4,356)
Net Cash Flows (Used in) Operating Activities (258,129) (861,023)
14. Share Capital 30 June 30 June

2022 2021
$FJ $FJ
198,544 ordinary shares fully paid 198,544 198,544
Page 22
15. Asset Revaluation Increase 30 June 30 June

2022 2021
$FJ $FJ
Opening Balance 3,350,000 2,270,000
Addition/(Disposal)
Increase in Asset Revaluation Reserve of Building - 1,080,000
Closing Balance 3,350,000 3,350,000
An independent valuation was carried out by registered valuer, Rolle Associates, in June 2020 for properties of the company to assess the fair
values of the properties. The directors and management work closely with the external valuer to establish the appropriate valuation techniques
and inouts to the valuation model. The valuation methodologies adopted by the valuer were Market Approach.
Rolle Associates valued the company property - Lots 13 – 14 on Plan S1443 contained on Crown Leases 5415 & 5413, situated at Wailada
Road, Lami at $3,600,000 on the basis of Market Value/Fair Value. Leasehold land valued at $2,400,000 and Building Valued at $1,200,000.
In view of the current COVID 19 pandemic, and its impact on business in general and properties in particular, property which are used
primarily for valuation purposes, and the lack of movement in the property market, the directors and management are of the opinion that any
market valuation carried out would not be representative valuation.
16. Principal Activity
The principal business activity of the Company is to process and export ginger.
17. Segment Information
Industry Segment
The Company engages in the processing and exporting of ginger.
Geographical Segment
The Company operates in Fiji and is therefore one geographical segment for reporting purposes.
18. Related Party Transactions
(a) Industry of Related Party
Buderim Foods Pty Ltd (Australia) - manufacturer of a variety of confectionery ginger and other ginger based products.
Amount owed to Buderim Foods Pty Ltd (Australia) is unsecured with no fixed terms of repayment and interest is charged on the amount owed
to Buderim Foods Pty Ltd (Australia) at the rate of 5.99% pa.
(b) Transactions with Related Party 30 June 30 June

2022 2021
Material related party transactions incurred at normal $FJ $FJ
commercial terms and conditions during the year were as follows:
Sales of processed ginger - Buderim Foods Pty Ltd 3,140,507 779,832
Page 23
19. Related Party Transactions (Continued)
(c) Amounts due to and Receivable from Related Parties 30 June 30 June
2022 2021
$FJ $FJ
Payables
Buderim Foods Pty Ltd 1,653,866 1,065,639
20. Company Details
Company incorporation
The Company is incorporated in Fiji under the Companies Act, 2015.
Registered office/principal place of business
Lot 13-14
Wailada Industrial
Lami
Number of employees at the end of the year
Finance and administration 4

Laboratory 2
Engineering 1
Production 76
Cutting 55
Total number of employees 138
Capital Commitments
21.
Capital Commitments as at 30 June 2022 amounted to Nil (2021 : $Nil)

Contingent Liabilities
22.
Contingent Liabilities as at 30 June 2022 amounted to Nil (2021 : $Nil)
23. Events after the Reporting Date
The Directors are not aware of any significant events since the end of the reporting period.
Page 24
DETAILED STATEMENT OF PROFIT AND LOSS

2022 2021
$FJ $FJ
Export Sales 7,805,211 4,267,579

Local Sales 16,283 27,210
7,821,494 4,294,788
Cost of Goods Sold
Opening Stock 3,516,938 1,723,109

Purchases 5,897,799 4,023,825
Direct Labour 821,289 301,561
Factory Overheads
Boiler Fuel 331,364 154,120

Cleaning 39,429 25,525
Electricity 160,164 116,065
Indirect Labour 234,893 387,388
Materials-Repairs & Maintenance 153,637 122,365
Quality Audits 10,861 14,692
Pest Control 20,921 12,843
Rates and Water 43,021 70,965
Servicing Supplies 171,457 80,355
Uniforms 1,868 18,394
11,403,642 7,051,209
Less Closing Stock (4,736,305) (3,516,938)
Total Cost of Goods 6,667,337 3,534,270
Administrative Cost

Equipment Hire 152,875 89,746
Total Administrative Costs 281,137 213,263
Selling & Distribution Cost
Discount Allowed 45,952 37,877

Freight 590,714 189,299
Sundry Expense 3,361 11,761
Total Selling & Distribution Costs 640,027 238,936
Gross Profit from Trading 232,993 308,319
Page 26
DETAILED STATEMENT OF PROFIT AND LOSS (CONTINUED)
30 June 30 June
Expenses 2022 2021
$FJ $FJ
Accounting and Audit Fees 10,686 26,183

Donation 10,344 6,507
Entertainment 1,392 350
Foreign Exchange Loss - Realised 23,574 95,453
Foreign Exchange Loss - Unrealised 10,093 7,696
Fringe Benefit Tax 2,165 1,495
Insurance 142,702 172,262
Interest 101,409 19,232
Legal Fees 1,945 5,147
License Fee 13,851 2,744
Motor Vehicles Running 26,117 13,401
Printing, Postage and Stationery 10,193 7,013
Professional Fees 17,369 19,302
Rent 7,200 7,200
Salaries & Wages 118,588 112,292
Security 61,740 51,623
Safety Equipment 24,330 17,534
Superannuation 45,253 70,935
Telephone and Internet 9,451 8,332
Travelling Expense 8,097 3,651
Training & Development 898 3,600
655,290 664,400
Operating (Loss) Before Other Income (422,298) (356,081)
Other Income
Foreign Exchange Gain - Realised 90,218 202,357

Gain on Sale of Fixed Assets 202 13,807
Sundry Income 210 -
Operating (Loss) before Income Tax (331,666) (139,917)
Detailed Statement of Profit and Loss is to be read in conjunction with the Notes to the Financial Statements set out on pages 13 to 24.
Page 27
CC PARTICULARS ACQ DATE ORIGINAL ADDITION DISPOSALS Revaluation TOTAL DEP'N ACC DEP'N 2020/21 DEP'N ACC DEP'N W.D.V. W.D.V.
350 FRESPAC ASSETS
INTAKE
1 ELECTRONIC SCALE (PLATFORM) 13-Jul-98 8,540 - - - 8,540 15% 8,540 - - 8,540 - -
1 ONLY 3 PHASE CONVEYER MOTOR 30-Jul-01 1,000 - - - 1,000 25% 1,000 - - 1,000 - -
1 ONLY MODEL L130 DIGITAL INDICATOR SYSTEM FOR PLATFORM SCALE 1-Mar-02 1,108 - - - 1,108 25% 1,108 - - 1,108 - -
2 NEW GINGER WASHING MACHINES 28-Nov-02 6,323 - - - 6,323 25% 6,323 - - 6,323 - -
GINGER WASHING PLANT - EX BUDERIM 31-Dec-10 50,616 - - - 50,616 15% 50,616 - - 50,616 - -
3 TON SCALE (CAS A12SS/V8SS-1 SN: CS200623) 4-Mar-15 3,409 - - - 3,409 15% 3,239 169 - 3,408 1 170
POOL YARD UPGRADE - RIL SITE 1-Jan-20 36,209 - - - 36,209 15% 7,694 5,431 - 13,126 23,083 28,515
107,205 - - - 107,205 78,520 5,600 - 84,120 23,085 28,685
BRINING
10 CONCRETE PITS FOR BRINING 31-Dec-97 69,191 - - - 69,191 15% 69,191 - - 69,191 - -
1 ELECTRONIC SCALE (PLATFORM) 24-Aug-05 7,733 - - - 7,733 15% 7,733 - - 7,733 - -
100 GREEN CRATES 1-Sep-11 2,661 - - - 2,661 25% 2,661 - - 2,661 - -
6 MEGA BINS GREY - MARCO POLO 29-Feb-12 3,138 - - - 3,138 25% 3,138 - - 3,138 - -
50 GREEN CRATES 14-May-12 1,115 - - - 1,115 25% 1,115 - - 1,115 - -
BRINE CIRCULATION PROJECT 1-May-13 262,642 - - - 262,642 15% 262,642 - - 262,642 - -
30 BLUE PLASTIC BINS 31-Mar-14 22,958 - - - 22,958 25% 22,958 - - 22,958 - -
36 BLUE MEGA BINS WITH FRESPAC LOGO 1-Jul-15 22,703 - - - 22,703 25% 22,703 - - 22,703 - -
15 DRICLAD POOLS 31-Mar-16 69,234 - - - 69,234 33% 69,234 - - 69,234 - -
12 BLUE PLASTIC BINS 31-Dec-16 11,365 - - - 11,365 25% 11,365 - - 11,365 - -
25 POOL WALLS ONLY 31-Jan-19 20,325 - - - 20,325 33% 16,209 4,116 - 20,325 - 4,116
25 POOL LINERS ONLY 31-Jan-19 18,372 - - - 18,372 33% 14,652 3,720 - 18,372 - 3,720
15 DRICLAD POOLS 30-Mar-20 114,994 - - - 114,994 33% 47,435 37,948 - 85,383 29,611 67,559
10 POOL WALLS ONLY 26-Feb-21 11,605 - - - 11,605 33% 1,277 3,830 - 5,106 6,499 10,329
15 POOL WALLS & 15 POOL LINERS 21-Dec-21 - 29,990 - - 29,990 33% - 3,299 - 3,299 26,691 -
20 COMPLETE SET POOLS 1-Jun-22 - 168,351 - - 168,351 33% - 4,630 - 4,630 163,722 -
638,035 198,341 - - 836,376 552,311 57,542 - 609,853 226,523 85,724
CUTTING & SORTING

GRADING MACHINE 1-Apr-09 29,430 - - - 29,430 15% 29,430 - - 29,430 - -
100 WHITE ROUND BUCKETS 30-May-12 850 - - - 850 25% 850 - - 850 - -
GRADING MACHINE DRUM 1-Oct-13 56,779 - - - 56,779 15% 56,779 - - 56,779 - -
87,059 - - - 87,059 87,059 - - 87,059 - -
SYRUPING
2 D TANKS 1-Jan-95 1,050 - - - 1,050 15% 1,050 - - 1,050 - -
2 S/LESS STEEL TANK WITH STIRRERS 1-Jan-95 15,869 - - - 15,869 15% 15,869 - - 15,869 - -
PUMPS & HOSES 1-Jan-95 13,146 - - - 13,146 15% 13,146 - - 13,146 - -
STEAM JACTED PANS 1-Jan-95 3,471 - - - 3,471 15% 3,471 - - 3,471 - -
STRAPPING MACHINE 1-Jan-95 853 - - - 853 15% 853 - - 853 - -
STRAINERS 5-Feb-96 700 - - - 700 15% 700 - - 700 - -
30 PLASTIC CRATES 19-May-98 7,162 - - - 7,162 25% 7,162 - - 7,162 - -
EXHAUST OUTLET 17-Jul-98 613 - - - 613 25% 613 - - 613 - -
2 BALL VALVES FOR LEACHING TANKS 1-Oct-98 491 - - - 491 15% 491 - - 491 - -
4 S/LESS FILTER TRAYS 29-Oct-98 1,760 - - - 1,760 15% 1,760 - - 1,760 - -
BOILING TANK WITH STEAM COIL 26-Jan-96 2,591 - - - 2,591 15% 2,591 - - 2,591 - -
V/ PUMPS, ELEVATORS, VIBRATORS 1-Aug-99 29,106 - - - 29,106 15% 29,106 - - 29,106 - -
SYRUP VENTILATION 29-Dec-99 6,235 - - - 6,235 15% 6,235 - - 6,235 - -
SYRUP RECIRCULATION 29-Dec-99 6,737 - - - 6,737 15% 6,737 - - 6,737 - -
CAPITAL WORKS 29-Dec-99 34,626 - - - 34,626 15% 34,626 - - 34,626 - -
3 S/LESS STEEL TANK WITH STIRRERS 30-Apr-99 7,387 - - - 7,387 15% 7,387 - - 7,387 - -
VACUUM DRUM FILLER - 1 (EX-BUDERIM) 10-Jan-00 157,632 - - - 157,632 15% 157,632 - - 157,632 - -
240 PAILS WITH LIDS - (BGL) 15-Sep-01 1,384 - - - 1,384 25% 1,384 - - 1,384 - -
SYRUP MIXERS - LIGHTNIN MIXERS PTY LTD 1-Sep-01 6,309 - - - 6,309 25% 6,309 - - 6,309 - -
WATER HEATER & EXCESSORIES 15-Oct-01 891 - - - 891 25% 891 - - 891 - -
CLEAR WATER HOSE 16-Oct-01 742 - - - 742 25% 742 - - 742 - -
FLASH EVAPORATION & SYRUP STEAM LINE PROJECT CAPITAL WORKS 31-Dec-02 150,497 - - - 150,497 15% 150,497 - - 150,497 - -
SYRUP TANK BASE STANDS (15 ONLY) 17-Jan-03 1,800 - - - 1,800 25% 1,800 - - 1,800 - -
SYRUP FILTERING SYSTEM 31-Mar-04 34,467 - - - 34,467 15% 34,467 - - 34,467 - -
HOT WATER CONTROL & TANK INSULATION 1-Aug-05 7,767 - - - 7,767 25% 7,767 - - 7,767 - -
480 SPACE SAVER PAILS 1-Nov-05 4,998 - - - 4,998 25% 4,998 - - 4,998 - -
960 SPACE SAVER PAILS 5-Jan-06 9,995 - - - 9,995 25% 9,995 - - 9,995 - -
VDF METAL DETECTOR 1-Sep-07 23,329 - - - 23,329 15% 23,329 - - 23,329 - -
HEAT RESISTANT SUCTION HOSE FOOD GRADE 5-Dec-07 1,467 - - - 1,467 25% 1,467 - - 1,467 - -
FOOD GRADE (BREWERS) HOSE 22-Oct-09 4,117 - - - 4,117 25% 4,117 - - 4,117 - -
FOOD GRADE (BREWERS) HOSE 23-May-11 3,848 - - - 3,848 25% 3,848 - - 3,848 - -
HOT WATER TANK 1-Nov-11 15,325 - - - 15,325 15% 15,325 - - 15,325 - -
2 PLATE AND 1 EARTH MAGNETS 30-Nov-12 35,370 - - - 35,370 15% 35,370 - - 35,370 - -
APEX 300 550X150MM DROP THROUGH METAL DETECTOR 1-May-13 26,898 - - - 26,898 15% 26,898 - - 26,898 - -
EXHAUST FANS 1-Oct-13 63,704 - - - 63,704 15% 63,704 - - 63,704 - -
4 SYRUP MIXERS 30-Jun-14 180,078 - - - 180,078 15% 180,078 - - 180,078 - -
HYDRUM LIFTER 30-Jun-18 18,826 - - - 18,826 15% 8,472 2,824 - 11,296 7,530 10,354
8 SQUARE PLASTIC SOLID MEGABINS WHITE 30-Apr-20 7,478 - - - 7,478 25% 2,181 1,870 - 4,051 3,428 5,297
943,811 - - - 943,811 928,160 4,693 - 932,853 10,958 15,651
SMALL DICING
1 DICER & 1 SLICER FOR GINGER 25-May-97 37,466 - - - 37,466 15% 37,466 - - 37,466 - -
DICING MACHINERY - EX BUDERIM 1-Aug-05 47,714 - - - 47,714 15% 47,714 - - 47,714 - -
METAL DETECTOR 1-Oct-06 35,335 - - - 35,335 15% 35,335 - - 35,335 - -
STEFAN BOWL CUTTER 1-Sep-06 1,003 - - - 1,003 15% 1,003 - - 1,003 - -
URSCHEL DICER MACHINE 1-Jun-21 58,892 - - - 58,892 15% 736 8,834 - 9,570 49,322 58,156
URSCHEL DICER BLADES 22-Apr-22 - 26,189 - - 26,189 15% 655 - 655 25,535 -
GINGER SLICER/JULIENNE MACHINE 30-Jun-22 - 8,414 - - 8,414 15% - - - 8,414 -
180,411 34,604 - - 215,015 122,255 9,489 - 131,744 83,271 58,156
CRYSTALLISING
ENROBBING MACHINE 1-Jan-95 5,989 - - - 5,989 15% 5,989 - - 5,989 - -
STORAGE PAILS (2200) 1-Jan-97 16,921 - - - 16,921 25% 16,921 - - 16,921 - -
STORAGE PAILS (200) 24-Apr-98 5,287 - - - 5,287 25% 5,287 - - 5,287 - -
CONVEYER SYSTEM - (EX-BUDERIM) 1-Sep-98 30,986 - - - 30,986 15% 30,986 - - 30,986 - -
1 ELECTRONIC SCALE AND FS-6KA SN 200235 1-Oct-98 900 - - - 900 15% 900 - - 900 - -
PORTABLE MIXER - (EX-BUDERIM) 29-Dec-99 18,600 - - - 18,600 15% 18,600 - - 18,600 - -
300 PLASTIC FOOD TRAYS - VISCOUNT PLASTICS 1-Aug-06 10,365 - - - 10,365 15% 10,365 - - 10,365 - -
300 PLASTIC FOOD TRAYS - STOWERS 1-Jun-16 15,939 - - - 15,939 15% 12,154 2,391 - 14,544 1,395 3,786
24000 LRL AIRCONDITIONING UNIT - RECEIVING ROOM 1-May-18 1,862 - - - 1,862 20% 1,180 372 - 1,552 310 683
106,850 - - - 106,850 102,382 2,763 - 105,145 1,705 4,468
PACKED CRYSTALLISED
DRYING ROOM SHELVES 5-Mar-96 1,326 - - - 1,326 15% 1,326 - 1,326 - -
1 CONVEYOR TABLE 14-Oct-97 423 - - - 423 15% 423 - 423 - -
ALCAIR FACTORY AIRCONDITIONER - (EX-BUDERIM) 12-Jun-99 198,660 - - - 198,660 15% 198,660 - 198,660 - -
HEATERS & CONTROLS FOR DRYER - (EX-BUD) 10-Jan-00 12,812 - - - 12,812 15% 12,812 - 12,812 - -
DRYING ROOM RACKS 1-Sep-99 1,367 - - - 1,367 15% 1,367 - 1,367 - -
MACHINERY PARTS FROM BUDERIM-INV 166147 25-Jun-01 17,859 - - - 17,859 15% 17,859 - 17,859 - -
UPGRADING OF FACTORY AIRCONDITIONER - (EX-BUDERIM) 1-Mar-02 46,563 - - - 46,563 15% 46,563 - 46,563 - -
METAL DETECTOR 1-Aug-06 19,154 - - - 19,154 15% 19,154 - 19,154 - -
METAL DETECTOR APEX500 MODEL 1-Sep-11 31,929 - - - 31,929 15% 31,929 - 31,929 - -
330,092 - - - 330,092 330,092 - - 330,092 - -
MAINTENANCE
1 ONLY 16' X 16' ALUMINIUM LADDER 6-Jun-03 578 - - - 578 25% 578 - - 578 - -
DURALLOY 230AMP ARC WELDER 1-Jul-06 1,533 - - - 1,533 15% 1,533 - - 1,533 - -
MAKITA JIGSAW 23-Oct-12 626 - - - 626 25% 626 - - 626 - -
BOSCH PERCUSSION DRILL GSB19-2RE 11-May-15 522 - - - 522 15% 483 38 - 521 1 39
WELDSKILL 200HF WELDER & WELDING HELMET 26-Sep-16 2,097 - - - 2,097 15% 1,494 315 - 1,809 288 603
HP NB 250 G5 INTEL CORE I5 LAPTOP 1-Feb-17 1,400 - - - 1,400 20% 1,237 162 - 1,399 1 163
6,756 - - - 6,756 5,951 515 - 6,465 291 805
LAND & BUILDINGS
GINGER FACTORY (BUILDINGS) 1-Aug-99 1,059,050 - - - 1,059,050 5% 1,059,050 - - 1,059,050 - -
GINGER FACTORY (BUILDINGS) 30-Jun-21 - - - 1,200,000 1,200,000 5% - - - - 1,200,000 1,200,000
GINGER FACTORY (LAND) 1-Aug-99 2,400,000 - - - 2,400,000 0% - - - - 2,400,000 2,400,000
PICKLE SHED 6-Sep-99 117,821 - - - 117,821 5% 117,821 - - 117,821 - -
FACTORY UPGRADING 31-Mar-99 340,505 - - - 340,505 5% 340,505 - - 340,505 - -
FACTORY UPGRADING - BRINING SECTION 1-Jan-02 55,038 - - - 55,038 5% 53,662 1,375 - 55,037 1 1,376
33 NEW TUBE LIGHTS WITH COVERS IN BRINING SHED 31-Dec-02 4,498 - - - 4,498 25% 4,498 - - 4,498 - -
FACTORY UPGRADING - BRINING, SYRUPPING, CRYSTALLISING & PICKLE FLOOR 1-Jan-03 46,419 - - - 46,419 15% 46,419 - - 46,419 - -
15 NEW TUBE LIGHTS WITH COVERS IN WAREHOUSE 1 & 2 1-Apr-04 1,092 - - - 1,092 25% 1,092 - - 1,092 - -
LADIES CHANGE ROOM 1-Oct-06 15,230 - - - 15,230 15% 15,230 - - 15,230 - -
7 SECURITY LIGHTS 1-Sep-06 1,726 - - - 1,726 25% 1,726 - - 1,726 - -
SYRUPING HALL UPGRADE 1-Feb-07 40,641 - - - 40,641 25% 40,641 - - 40,641 - -
FACTORY UPGRADE - BRINING ROOF, WAREHOUSE & SECURITY HOUSE 1-Mar-08 15,469 - - - 15,469 15% 15,469 - - 15,469 - -
FACTORY UPGRADE - BRINING BUILDING 1-Dec-08 70,742 - - - 70,742 15% 70,742 - - 70,742 - -
HIDAY LIGHTS - CUTTING DEPARTMENT 17-Jan-12 5,522 - - - 5,522 25% 5,522 - - 5,522 - -
ROLLER DOORS 1-Jan-14 139,427 - - - 139,427 15% 139,427 - - 139,427 - -
BRINE BUILDING CEILING UPGRADE 29-Aug-14 105,090 - - - 105,090 5% 35,906 5,254 - 41,160 63,930 69,184
BRINE FLOOR UPGRADE 31-Jan-18 75,448 - - - 75,448 5% 12,889 3,772 - 16,661 58,787 62,559
SYRUPING HALL FLOOR UPGRADE 31-Jan-18 202,400 - - - 202,400 5% 34,577 10,120 - 44,697 157,703 167,823
CRYSTALLIZE PACKING ROOM FLOOR UPGRADE 1-Mar-21 31,100 - - - 31,100 5% 518 1,555 - 2,073 29,027 30,582
4,727,217 - - 1,200,000 5,927,217 1,995,693 22,077 - 2,017,770 3,909,447 3,931,524
FACTORY OVERHEADS
SHIPPING CONTAINER FOR STORAGE 3-Mar-97 1,875 - - - 1,875 15% 1,875 - - 1,875 - -
NEW WATER SUPPLY METER 1-Dec-97 4,245 - - - 4,245 15% 4,245 - - 4,245 - -
1 FORKLIFT RAMP 29-Sep-99 761 - - - 761 15% 761 - - 761 - -
FIRE EXTINGUISHERS 31-May-00 4,071 - - - 4,071 15% 4,071 - - 4,071 - -
240V SIREN 15-May-00 564 - - - 564 15% 564 - - 564 - -
WOODEN LOCKERS, RECEPTION PARTITION & BENCHES 11-Feb-03 6,495 - - - 6,495 25% 6,495 - - 6,495 - -
STAINLESS STEEL WATER LINE 1-Aug-05 81,907 - - - 81,907 15% 81,907 - - 81,907 - -
KANA ROOM TABLES & BENCHES 1-Mar-08 4,049 - - - 4,049 20% 4,049 - - 4,049 - -
AUTOMATIC HAND DRYERS - 3 1-Jun-08 2,640 - - - 2,640 25% 2,640 - - 2,640 - -
9000 BTU DAIKIN SPLIT SYSTEM AIR CONDITIONER - PM OFFICE. 19-Mar-10 1,404 - 1,404 - - 20% 1,404 - 1,404 - - -
ELECTRICAL POWER FACTOR UNIT 1-Oct-10 18,130 - - - 18,130 15% 18,130 - - 18,130 - -
10,000L WATER TANK 5-Apr-11 1,652 - - - 1,652 15% 1,652 - - 1,652 - -
AVERY SCALE 3205 500KG SN 75570 1-Jun-11 1,511 - - - 1,511 15% 1,511 - - 1,511 - -
WAREHOUSE RACKING 31-Dec-11 18,564 - - - 18,564 10% 17,636 927 - 18,563 1 928
CAS ER-PLUS SCALE 15/30KG SN 110542106 7-May-12 861 - - - 861 15% 861 - - 861 - -
CAS ER-PLUS SCALE 15/30KG SN 130453470 4-Jul-13 713 - - - 713 15% 713 - - 713 - -
10,000L WATER TANK 23-Sep-14 2,037 - - - 2,037 15% 2,037 - - 2,037 - -
K6 200 WATER BLASTER KARCHER 7-Feb-17 1,193 - 1,193 - - 20% 1,054 139 1,193 - - 139
2 SCALES UWE ASEP MN ASEP-30 SN ASEP-C5728/C5706 21-Feb-17 1,431 - - - 1,431 15% 930 215 - 1,145 286 501
STIHL WATER BLASTER MODEL RE119 14-Jun-18 898 - 898 - - 20% 547 150 696 - - 352
FIRE ALARM SYSTEM 17-Jun-19 22,569 - - - 22,569 15% 6,771 3,385 - 10,156 12,413 15,798
CCTV CAMERA SYSTEM 13-Jun-19 11,807 - - - 11,807 15% 3,542 1,771 - 5,313 6,494 8,265
1x12000BTU LRL AIR CONDITIONER - PRODUCTION MANAGER OFFICE 28-Feb-22 1,147 1,147 15% - 76 - - 1,147 -
STIHL WATER BLASTER MODEL RE120 4-Apr-22 1,228 1,228 15% - 41 - - 1,228 -
189,378 2,375 3,495 - 188,258 163,395 6,704 3,293 166,689 21,570 25,983
QUALITY CONTROL
LAB EQUIPMENTS 1-Jan-95 4,394 - - - 4,394 15% 4,394 - - 4,394 - -
MICROLAB 27-Nov-98 5,614 - - - 5,614 15% 5,614 - - 5,614 - -
LAB EQUIPMENTS 23-Mar-99 16,704 - - - 16,704 15% 16,704 - - 16,704 - -
REFRACTORMETER DIGITAL RFM130 1-Jun-00 10,315 - - - 10,315 15% 10,315 - - 10,315 - -
HOTPLATE GLASS CERAMIC 160x160mm PLATE 26-Nov-01 760 - - - 760 15% 760 - - 760 - -
1 ONLY DIGITAL SCALE - SARTORIUS BL1500 SN 15307718 28-Oct-03 969 - - - 969 15% 969 - - 969 - -
PH METER - SERIAL NO.: 07257 29-Dec-06 1,553 - - - 1,553 15% 1,553 - - 1,553 - -
WATER CASCADE, MOISTURE ANALYSER, REFRACTOMETER, PH METER & 2 DISPEN 31-Mar-13 30,569 - - - 30,569 15% 30,569 - - 30,569 - -
ACCUPOINT HYGIENE MONITOR - SN AP2-3267-M 1-May-13 5,978 - - - 5,978 15% 5,978 - - 5,978 - -
BALANCE, OHAUS MOISTURE ANALYSER MB90 SN. 31-Oct-17 5,339 - - - 5,339 25% 4,894 444 - 5,338 1 445
VIBRA AJ3200CE ANALYTICAL BALANCE SN:171067016 17-May-18 1,743 - - - 1,743 25% 1,344 398 - 1,742 1 399
1x9000BTU LRL AIR CONDITIONER - WAREHOUSE OFFICE 31-Jul-19 917 - - - 917 20% 352 183 - 535 382 566
1x12000BTU LRL AIR CONDITIONER - LAB 16-Jan-20 1,055 - - - 1,055 20% 299 211 - 510 545 756
28-Feb-22 1,147 1,147 20% 76 76 1,070 -
85,912 1,147 - - 87,059 83,746 1,313 - 85,059 2,000 2,166
BOILER
BOILER CHEM FEED PUMP 1-Jan-95 1,000 - - - 1,000 15% 1,000 - - 1,000 - -
BOILER CHIMNEY (BIG) 1-Jan-95 2,655 - - - 2,655 15% 2,655 - - 2,655 - -
BOILER WATER TANK 1-Jan-95 1,000 - - - 1,000 15% 1,000 - - 1,000 - -
STEAM LINE 1-Jan-95 975 - - - 975 15% 975 - - 975 - -
BOILER CHIMNEY (SMALL) 15-Jul-97 450 - - - 450 15% 450 - - 450 - -
ADDITIONAL STEAM PIPE 13-May-98 734 - - - 734 15% 734 - - 734 - -
BOILER COMPRESSOR 31-Mar-99 5,245 - - - 5,245 15% 5,245 - - 5,245 - -
BOILER ROOM 12-Feb-99 27,273 - - - 27,273 5% 27,273 - - 27,273 - -
BOILERLAND STEAM FIRED BOILER (EX-BUDERIM) 1-May-99 127,837 - - - 127,837 15% 127,837 - - 127,837 - -
STEAM LINE 1-Jan-99 52,298 - - - 52,298 15% 52,298 - - 52,298 - -
STEAM GATE VALVE 7-Jul-00 1,123 - - - 1,123 15% 1,123 - - 1,123 - -
BOILER UPGRADE - LIMITED ATTENDANCE 1-Feb-07 38,301 - - - 38,301 15% 38,301 - - 38,301 - -
BOILER COMPRESSOR 3-Feb-11 5,268 - - - 5,268 15% 5,268 - - 5,268 - -
264,158 - - - 264,158 264,158 - - 264,158 - -
740
OFFICE PARTITION - ACCOUNTS OFFICE 23-Jan-98 375 - - - 375 20% 375 - - 375 - -
2 DESKS 26-Feb-98 372 - - - 372 20% 372 - - 372 - -
1 ONLY RETURN TABLE - ACCOUNTANT 29-Oct-99 255 - - - 255 20% 255 - - 255 - -
FILING CABINET 2-Mar-01 271 - - - 271 20% 271 - - 271 - -
MYOB PREMIER ACCOUNTING SOFTWARE 1-Sep-00 3,182 - - - 3,182 25% 3,182 - - 3,182 - -
COMPUTER SERVER ROOM 24-Jul-03 698 - - - 698 20% 698 - - 698 - -
18000 BTU DAIKIN SPLIT SYSTEM AIR CONDITIONER - BOARD ROOM 31-Jan-06 1,644 - - - 1,644 20% 1,644 - - 1,644 - -
18000 BTU DAIKIN SPLIT SYSTEM AIR CONDITIONER - MICRO LAB 31-Jan-06 1,733 - 1,733 - - 20% 1,733 - 1,733 - - -
OFFICE FURNITURE - TABLES, CHAIRS, SHELVES & LOCKERS 20-Apr-06 1,547 - - - 1,547 20% 1,547 - - 1,547 - -
OLYMPUS DIGITAL CAMERA FE-270 26-Nov-07 345 - - - 345 20% 345 - - 345 - -
WORLD AUTOMATIC HAND DRYER 1-Jul-09 782 - - - 782 20% 782 - - 782 - -
BROTHER FAX 2820 1-May-10 468 - - - 468 20% 468 - - 468 - -
KONICA MINOLTA BIZHUB 211 COPIER 1-Jul-10 5,942 - - - 5,942 20% 5,942 - - 5,942 - -
HP COMPUTER - LAW FOOK 1-May-11 1,903 - 1,903 - - 20% 1,903 - 1,903 - - -
760 MOTOR VEHICLE - KIA SPORTAGE 18-Oct-11 56,522 - - - 56,522 20% 56,522 - - 56,522 - -
9000 BTU DAIKIN SPLIT SYSTEM AIR CONDITIONER - RECEPTION 1-Nov-13 1,126 - - - 1,126 20% 1,126 - - 1,126 - -
HP 4300 PRO SFF DESKTOP COMPUTERS 16-Jan-14 3,739 - - - 3,739 20% 3,739 - - 3,739 - -
HP DESKTOP COMPUTER - RECEPTION 25-Apr-14 1,912 - - - 1,912 20% 1,912 - - 1,912 - -
HP PRODESK 600 SFF I5 DESKTOP COMPUTER - FINANACE OFFICE 30-Aug-16 1,651 - - - 1,651 20% 1,596 54 - 1,650 1 55
MOTOR VEHICLE - TOYOTA PRIUS HYBRID 26-May-17 17,711 - - - 17,711 20% 14,464 3,246 - 17,710 1 3,247
24000 LRL AIRCONDITIONING UNIT - FRONT OFFICE 31-Jan-18 1,495 - - - 1,495 20% 1,022 299 - 1,321 174 474
24000 LRL AIRCONDITIONING UNIT - FINANCE OFFICE 13-Apr-19 1,541 - - - 1,541 20% 668 308 - 976 565 873
HP 600 DESKTOP COMPUTER - PRANEEL SEN 9-Jul-19 2,466 - - - 2,466 20% 945 493 - 1,439 1,028 1,521
HP PRODESK 600 SFF I5 DESKTOP COMPUTER - SALESH 26-May-20 2,330 - - - 2,330 20% 505 466 - 971 1,359 1,825
HP PRODESK 600 SFF I5 DESKTOP COMPUTER - MATELITA 15-Jun-20 2,273 - - - 2,273 20% 455 455 - 909 1,364 1,819
MA-300 BIOMETRIC DOOR ACCESS CONTROL UNIT 24-Jun-20 1,679 - - - 1,679 20% 336 336 - 672 1,007 1,343
HP LAPTOP - FINANCE 15-Jul-20 2,462 - - - 2,462 20% 472 492 - 964 1,498 1,990
HP 600 DESKTOP COMPUTER - NEW SERVER 30-Jul-20 2,283 - - 2,283 20% 418 457 - 875 1,408 1,864
AMANO PIX-3000X ELECTRONIC TIME RECORDER SERIAL # 307582 28-Oct-20 1,927 - - - 1,927 20% 257 385 - 642 1,284 1,670
SAMSUNG REFRIGERATOR 7-Dec-20 1,256 - - - 1,256 20% 126 251 - 377 879 1,130
WOODEN SOFA SET - 2 PIECE 15-Dec-20 1,375 - - - 1,375 20% 138 275 - 413 963 1,238
HP PRODESK 600 SFF I5 DESKTOP COMPUTER - LAW 9-Feb-21 2,219 - - - 2,219 20% 166 444 - 610 1,609 2,053
MOTOR VEHICLE - ISUZU D-MAX 4X4 15-Feb-21 71,550 - - - 71,550 20% 5,366 14,310 - 19,676 51,874 66,184
LENOVO LAPTOP - SANFRED SMITH 17-Jun-21 2,219 - - - 2,219 20% - 443.85 - 444 1,775 2,219
DELL LAPTOP X 2 30-Jun-22 - 3,883 3,883 20% - - - - 3,883 -
199,255 3,883 3,637 - 199,502 109,750 22,715 3,637 128,828 70,673 89,505
7,866,139 240,350 7,132 1,200,000 9,299,357 - 4,823,470 133,412 6,930 4,949,835 4,349,523 4,242,669
TFP ASSETS 1-Jul-99
SYRUPPING 113,084 - - - 113,084 25% 113,084 - 113,084 - -
113,084 - - - 113,084 113,084 - - 113,084 - -
TOTAL 9,179,224 240,350 7,132 1,200,000 9,412,442 4,936,554 133,412 6,930 5,062,919 4,349,523 4,242,669
Page 32
DR CR DR CR DR CR
Bank-AUD 0.00 0.00

Bank-FJD 6,029.51 6,029.51 0.00
Petty Cash 1,500.00 1,500.00
cash on hand 5,919.14 5,919.14
Trade Receivables 858,863.97 858,863.97
Inventories: 0.00
Finished goods and work in progress 1,462,808.38 1,462,808.38
Raw materials and stores 3,273,496.45 3,273,496.45
FITB 198,955.82 198,955.82

Clearing 0.00
Consumables 0.00
Goods in transit 0.00
Other Debtors and deposits: 0.00
VAT Receivable 2,470,631.95 2,412,444.73 58,187.22
Employee Loans 53,759.50 53,759.50
Deposits 30,614.33 30,614.33
Prepayments 31,371.86 31,371.86
Other Debtors 0.00
Deferred Tax Asset 0.00
Owing by Buderim Ginger Limited 0.00
Goodwill 232,600.00 232,599.52 0.48
Provision for amortisation 0.00
Less Accumulated Provision for Depreciation 5,063,046.68 (5,063,046.68)
Building revaluation reserve 0.00
Plant & Equipment at Cost 3,688,345.01 3,688,345.01
Motor Vehicle at Cost
Less Accumulated Provision for Depreciation
Office Equipment at Cost
Less Accumulated Provision for Depreciation
CAPITAL C/F EXPENDITURE
Future Income Tax Benefit
Bank Overdraft 0.00

Trade Creditors 4,243.94 1,014,105.02 1,009,861.08
Income in Advance - Related Party 1,254,539.74 1,254,539.74
Other accruals 367,063.15 367,063.15
Provision for Dividends 0.00
Borrowings - BFF 1,653,865.93 1,653,865.93
0.00
Employee Loans 0.00
Provisions 0.00
Income Tax 53,859.66 53,859.66
Annual Leave 58,624.76 58,624.76
VAT Payable 0.00
Borrowings 0.00
Deferred Tax Liability 120,000.00 120,000.00
Dividend Paid 5,882,991.00 (5,882,991.00)
0.00
Issued Capital 198,544.00 198,544.00
Retained Earnings 8,589,106.11 8,589,106.11
ARR 3,350,000.00 3,350,000.00
DR CR DR CR DR CR
Export Sales 7,821,494.46 16,283.00 7,805,211.46

Local Sales 0.00 16,283.00 16,283.00
Opening Stock 0.00

Purchases 6,135,664.90 1,457,231.99 4,678,432.90999999
Direct Labor 821,288.90 821,288.90
Boiler Fuel 331,363.64 331,363.64

Cleaning 39,428.80 39,428.80
Depreciation 5,160.34 5,160.34
Electricity 160,164.17 160,164.17
Equipment Hire 152,874.68 152,874.68
Indirect Labor 234,892.60 234,892.60
Lease Costs
Materials-repairs & maintenance
Meal Money 0.00
Pest Control 20,921.41 20,921.41
Quality Audits 10,861.43 10,861.43
Rates and Water 43,021.30 43,021.30
Rent 7,200.00 7,200.00
Servicing Supplies 171,456.85 171,456.85
Sundry and other expenses - Factory 0.00
Uniforms 1,868.35 1,868.35
Less Closing Stock 0.00 0.00
0.00
Accounting and Audit Fees 10,686.40 10,686.40
0.00
Bad and Doubtful Debts 0.00
Bank Charges 2,731.91 2,731.91
Commission 45,952.16 45,952.16
Depreciation 128,262.40 128,262.40
Donation 10,343.75 10,343.75
Discount Allowed 0.00
Entertainment 1,392.00 1,392.00
FBT 2,164.76 2,164.76
Freight 590,713.96 590,713.96
Insurance 142,702.06 142,702.06
Interest 101,408.73 101,408.73
DR CR DR CR DR CR
Legal Fees 1,945.00 1,945.00
License Fee 13,851.01 13,851.01
Loss-Disposal FA 0.00
Motor Vehicles Running 26,117.24 26,117.24
Printing, postage and stationery 10,192.77 10,192.77
Professional Fees 17,369.40 17,369.40
Realised Loss 23,573.88 23,573.88
Repairs and Maintenance 153,636.91 153,636.91
Safety Equipment 24,329.68 24,329.68
Salary 118,587.50 118,587.50
Security 61,740.28 61,740.28
Staff Training 0.00
Stock Write-off 0.00
Subscription 0.00
Sundry - Selling & Distribution 0.00
Sundry expense 3,361.32 3,361.32
Superannuation 45,253.17 45,253.17
Telephone and Facsimile 9,450.50 9,450.50
Training & Development 898.33 898.33
Unrealised loss 10,093.02 10,093.02
0.00
Sundry income 209.70 209.70
Gain on Sale of Fixed Assets 202.13 202.13
Interest Income 0.00
Foreign Exchange Gain - realised 90,218.38 90,218.38
Foreign Exchange Gain - unrealised 0.00 0.00
0.00
Income Tax Expense 0.00
$ 33,683,296.30 $ 33,683,296.30 $ 16,283.00 $ 16,283.00 $ 18,630,738.44 $ 18,630,738.44

Cost Center GL Account GL Description Sub-Account BC Balance
600 41701 Sales-Internal -3,140,506.78
-0.01
P&L
331,666.29
NLBT as per financials -331,666.29
Variance - 0.00
FIXED ASSETS AND DEPRECIATION SCHEDULE - TAX DEPRECIATION
350 FRESPAC ASSETS
INTAKE
1 ELECTRONIC SCALE (PLATFORM) 13-Jul-98 8,540 - - - 8,540 12.5% 8,540 - - 8,540 - -
1 ONLY 3 PHASE CONVEYER MOTOR 30-Jul-01 1,000 - - - 1,000 12.5% 1,000 - - 1,000 - -
1 ONLY MODEL L130 DIGITAL INDICATOR SYSTEM FOR PLATFORM SCALE 1-Mar-02 1,108 - - - 1,108 12.5% 1,108 - - 1,108 - -
2 NEW GINGER WASHING MACHINES 28-Nov-02 6,323 - - - 6,323 12.5% 6,323 - - 6,323 - -
GINGER WASHING PLANT - EX BUDERIM 31-Dec-10 50,616 - - - 50,616 12.5% 50,616 - - 50,616 - -
3 TON SCALE (CAS A12SS/V8SS-1 SN: CS200623) 4-Mar-15 3,409 - - - 3,409 12.5% 3,154 255 - 3,409 1 256
POOL YARD UPGRADE - RIL SITE 1-Jan-20 36,209 - - - 36,209 12.5% 6,789 4,526 - 11,315 24,894 29,420
107,205 - - - 107,205 77,529 4,781 - 82,310 24,895 29,676
BRINING
10 CONCRETE PITS FOR BRINING 31-Dec-97 69,191 - - - 69,191 12.5% 69,191 - - 69,191 - -
1 ELECTRONIC SCALE (PLATFORM) 24-Aug-05 7,733 - - - 7,733 12.5% 7,733 - - 7,733 - -
100 GREEN CRATES 1-Sep-11 2,661 - - - 2,661 12.5% 2,661 - - 2,661 - -
6 MEGA BINS GREY - MARCO POLO 29-Feb-12 3,138 - - - 3,138 12.5% 3,138 - - 3,138 - -
50 GREEN CRATES 14-May-12 1,115 - - - 1,115 12.5% 1,115 - - 1,115 - -
BRINE CIRCULATION PROJECT 1-May-13 262,642 - - - 262,642 12.5% 262,642 - - 262,642 - -
30 BLUE PLASTIC BINS 31-Mar-14 22,958 - - - 22,958 12.5% 22,958 - - 22,958 - -
36 BLUE MEGA BINS WITH FRESPAC LOGO 1-Jul-15 22,703 - - - 22,703 12.5% 22,703 - - 22,703 - -
15 DRICLAD POOLS 31-Mar-16 69,234 - - - 69,234 12.5% 69,234 - - 69,234 - -
12 BLUE PLASTIC BINS 31-Dec-16 11,365 - - - 11,365 12.5% 11,365 - - 11,365 - -
25 POOL WALLS ONLY 31-Jan-19 20,325 - - - 20,325 12.5% 12,043 2,541 - 14,583 5,742 8,282
25 POOL LINERS ONLY 31-Jan-19 18,372 - - - 18,372 12.5% 10,885 2,296 - 13,182 5,190 7,487
15 DRICLAD POOLS 30-Mar-20 114,994 - - - 114,994 12.5% 23,861 14,374 - 38,235 76,758 91,132
10 POOL WALLS ONLY 26-Feb-21 11,605 - - - 11,605 12.5% 484 1,451 - 1,934 9,671 11,122
15 POOL WALLS & 15 POOL LINERS 21-Dec-21 - 29,990 29,990 12.5% - 2,187 - 2,187 27,803 -
20 COMPLETE SET POOLS 1-Jun-22 - 168,351 168,351 12.5% - 1,754 - 1,754 166,598 -
638,035 198,341 - - 836,376 520,011 24,602 - 544,614 291,762 118,023
CUTTING & SORTING

GRADING MACHINE 1-Apr-09 29,430 - - - 29,430 12.5% 29,430 - - 29,430 - -
100 WHITE ROUND BUCKETS 30-May-12 850 - - - 850 12.5% 850 - - 850 - -
GRADING MACHINE DRUM 1-Oct-13 56,779 - - - 56,779 12.5% 56,779 - - 56,779 - -
87,059 - - - 87,059 87,059 - - 87,059 - -
SYRUPING
10 STAINLESS STEEL TANKS 1-Jan-95 30,000 - - - 30,000 12.5% 30,000 - - 30,000 - -
2 D TANKS 1-Jan-95 1,050 - - - 1,050 12.5% 1,050 - - 1,050 - -
2 S/LESS STEEL TANK WITH STIRRERS 1-Jan-95 15,869 - - - 15,869 12.5% 15,869 - - 15,869 - -
PUMPS & HOSES 1-Jan-95 13,146 - - - 13,146 12.5% 13,146 - - 13,146 - -
STEAM JACTED PANS 1-Jan-95 3,471 - - - 3,471 12.5% 3,471 - - 3,471 - -
STRAPPING MACHINE 1-Jan-95 853 - - - 853 12.5% 853 - - 853 - -
STRAINERS 5-Feb-96 700 - - - 700 12.5% 700 - - 700 - -
5 STAINLESS STEEL TANKS 1-Jan-97 25,093 - - - 25,093 12.5% 25,093 - - 25,093 - -
30 PLASTIC CRATES 19-May-98 7,162 - - - 7,162 12.5% 7,162 - - 7,162 - -
EXHAUST OUTLET 17-Jul-98 613 - - - 613 12.5% 613 - - 613 - -
2 BALL VALVES FOR LEACHING TANKS 1-Oct-98 491 - - - 491 12.5% 491 - - 491 - -
4 S/LESS FILTER TRAYS 29-Oct-98 1,760 - - - 1,760 12.5% 1,760 - - 1,760 - -
BOILING TANK WITH STEAM COIL 26-Jan-96 2,591 - - - 2,591 12.5% 2,591 - - 2,591 - -
V/ PUMPS, ELEVATORS, VIBRATORS 1-Aug-99 29,106 - - - 29,106 12.5% 29,106 - - 29,106 - -
SYRUP VENTILATION 29-Dec-99 6,235 - - - 6,235 12.5% 6,235 - - 6,235 - -
SYRUP RECIRCULATION 29-Dec-99 6,737 - - - 6,737 12.5% 6,737 - - 6,737 - -
CAPITAL WORKS 29-Dec-99 34,626 - - - 34,626 12.5% 34,626 - - 34,626 - -
3 S/LESS STEEL TANK WITH STIRRERS 30-Apr-99 7,387 - - - 7,387 12.5% 7,387 - - 7,387 - -
VACUUM DRUM FILLER - 1 (EX-BUDERIM) 10-Jan-00 157,632 - - - 157,632 12.5% 157,632 - - 157,632 - -
240 PAILS WITH LIDS - (BGL) 15-Sep-01 1,384 - - - 1,384 12.5% 1,384 - - 1,384 - -
SYRUP MIXERS - LIGHTNIN MIXERS PTY LTD 1-Sep-01 6,309 - - - 6,309 12.5% 6,309 - - 6,309 - -
WATER HEATER & EXCESSORIES 15-Oct-01 891 - - - 891 12.5% 891 - - 891 - -
CLEAR WATER HOSE 16-Oct-01 742 - - - 742 12.5% 742 - - 742 - -
FLASH EVAPORATION & SYRUP STEAM LINE PROJECT CAPITAL WORKS 31-Dec-02 150,497 - - - 150,497 12.5% 150,497 - - 150,497 - -
SYRUP TANK BASE STANDS (15 ONLY) 17-Jan-03 1,800 - - - 1,800 12.5% 1,800 - - 1,800 - -
SYRUP FILTERING SYSTEM 31-Mar-04 34,467 - - - 34,467 12.5% 34,467 - - 34,467 - -
HOT WATER CONTROL & TANK INSULATION 1-Aug-05 7,767 - - - 7,767 12.5% 7,767 - - 7,767 - -
480 SPACE SAVER PAILS 1-Nov-05 4,998 - - - 4,998 12.5% 4,998 - - 4,998 - -
960 SPACE SAVER PAILS 5-Jan-06 9,995 - - - 9,995 12.5% 9,995 - - 9,995 - -
VDF METAL DETECTOR 1-Sep-07 23,329 - - - 23,329 12.5% 23,329 - - 23,329 - -
HEAT RESISTANT SUCTION HOSE FOOD GRADE 5-Dec-07 1,467 - - - 1,467 12.5% 1,467 - - 1,467 - -
FOOD GRADE (BREWERS) HOSE 22-Oct-09 4,117 - - - 4,117 12.5% 4,117 - - 4,117 - -
FOOD GRADE (BREWERS) HOSE 23-May-11 3,848 - - - 3,848 12.5% 3,848 - - 3,848 - -
HOT WATER TANK 1-Nov-11 15,325 - - - 15,325 12.5% 15,325 - - 15,325 - -
2 PLATE AND 1 EARTH MAGNETS 30-Nov-12 35,370 - - - 35,370 12.5% 35,370 - - 35,370 - -
APEX 300 550X150MM DROP THROUGH METAL DETECTOR 1-May-13 26,898 - - - 26,898 12.5% 26,898 - - 26,898 - -
EXHAUST FANS 1-Oct-13 63,704 - - - 63,704 12.5% 63,704 - - 63,704 - -
4 SYRUP MIXERS 30-Jun-14 180,078 - - - 180,078 12.5% 180,078 - - 180,078 - -
HYDRUM LIFTER 30-Jun-18 18,826 - - - 18,826 12.5% 8,001 2,353 - 10,354 8,472 10,825
8 SQUARE PLASTIC SOLID MEGABINS WHITE 30-Apr-20 7,478 - - - 7,478 12.5% 1,246 935 - 2,181 5,297 6,232
943,811 - - - 943,811 926,754 3,288 - 930,042 13,769 17,057
SMALL DICING
1 DICER & 1 SLICER FOR GINGER 25-May-97 37,466 - - - 37,466 12.5% 37,466 - - 37,466 - -
DICING MACHINERY - EX BUDERIM 1-Aug-05 47,714 - - - 47,714 12.5% 47,714 - - 47,714 - -
METAL DETECTOR 1-Oct-06 35,335 - - - 35,335 12.5% 35,335 - - 35,335 - -
STEFAN BOWL CUTTER 1-Sep-06 1,003 - - - 1,003 12.5% 1,003 - - 1,003 - -
URSCHEL DICER MACHINE 1-Jun-21 58,892 - - - 58,892 12.5% 613 7,362 - 7,975 50,917 58,279
URSCHEL DICER BLADES 22-Apr-22 - 26,189 26,189 12.5% - 818 818 25,371 -
GINGER SLICER/JULIENNE MACHINE 30-Jun-22 - 8,414 8,414 12.5% - 88 88 8,327 -
180,411 34,604 - - 215,015 122,132 8,268 - 130,400 84,615 58,279
CRYSTALLISING
ENROBBING MACHINE 1-Jan-95 5,989 - - - 5,989 12.5% 5,989 - - 5,989 - -
STORAGE PAILS (2200) 1-Jan-97 16,921 - - - 16,921 12.5% 16,921 - - 16,921 - -
STORAGE PAILS (200) 24-Apr-98 5,287 - - - 5,287 12.5% 5,287 - - 5,287 - -
CONVEYER SYSTEM - (EX-BUDERIM) 1-Sep-98 30,986 - - - 30,986 12.5% 30,986 - - 30,986 - -
1 ELECTRONIC SCALE AND FS-6KA SN 200235 1-Oct-98 900 - - - 900 12.5% 900 - - 900 - -
PORTABLE MIXER - (EX-BUDERIM) 29-Dec-99 18,600 - - - 18,600 12.5% 18,600 - - 18,600 - -
300 PLASTIC FOOD TRAYS - VISCOUNT PLASTICS 1-Aug-06 10,365 - - - 10,365 12.5% 10,365 - - 10,365 - -
300 PLASTIC FOOD TRAYS - STOWERS 1-Jun-16 15,939 - - - 15,939 12.5% 11,755 1,992 - 13,748 2,192 4,184
24000 LRL AIRCONDITIONING UNIT - RECEIVING ROOM 1-May-18 1,862 - - - 1,862 12.5% 1,040 233 - 1,273 590 823
106,850 - - - 106,850 101,843 2,225 - 104,069 2,781 5,007
PACKED CRYSTALLISED
DRYING ROOM SHELVES 5-Mar-96 1,326 - - - 1,326 12.5% 1,326 - 1,326 - -
1 CONVEYOR TABLE 14-Oct-97 423 - - - 423 12.5% 423 - 423 - -
ALCAIR FACTORY AIRCONDITIONER - (EX-BUDERIM) 12-Jun-99 198,660 - - - 198,660 12.5% 198,660 - 198,660 - -
HEATERS & CONTROLS FOR DRYER - (EX-BUD) 10-Jan-00 12,812 - - - 12,812 12.5% 12,812 - 12,812 - -
DRYING ROOM RACKS 1-Sep-99 1,367 - - - 1,367 12.5% 1,367 - 1,367 - -
MACHINERY PARTS FROM BUDERIM-INV 166147 25-Jun-01 17,859 - - - 17,859 12.5% 17,859 - 17,859 - -
UPGRADING OF FACTORY AIRCONDITIONER - (EX-BUDERIM) 1-Mar-02 46,563 - - - 46,563 12.5% 46,563 - 46,563 - -
METAL DETECTOR 1-Aug-06 19,154 - - - 19,154 12.5% 19,154 - 19,154 - -
METAL DETECTOR APEX500 MODEL 1-Sep-11 31,929 - - - 31,929 12.5% 31,929 - 31,929 - -
330,092 - - - 330,092 330,092 - - 330,092 - -
MAINTENANCE
1 ONLY 16' X 16' ALUMINIUM LADDER 6-Jun-03 578 - - - 578 12.5% 578 - - 578 - -
DURALLOY 230AMP ARC WELDER 1-Jul-06 1,533 - - - 1,533 12.5% 1,533 - - 1,533 - -
MAKITA JIGSAW 23-Oct-12 626 - - - 626 12.5% 626 - - 626 - -
BOSCH PERCUSSION DRILL GSB19-2RE 11-May-15 522 - - - 522 12.5% 470 51 - 521 1 52
WELDSKILL 200HF WELDER & WELDING HELMET 26-Sep-16 2,097 - - - 2,097 12.5% 1,442 262 - 1,704 393 655
HP NB 250 G5 INTEL CORE I5 LAPTOP 1-Feb-17 1,400 - - - 1,400 12.5% 1,132 175 - 1,307 93 268
6,756 - - - 6,756 5,780 488 - 6,268 488 976
LAND & BUILDINGS

GINGER FACTORY (BUILDINGS) 1-Aug-99 1,059,050 - - - 1,059,050 2.5% 1,059,050 - - 1,059,050 - -
GINGER FACTORY (BUILDINGS) 30-Jun-21 - - - Err:509 Err:509 0.0% - - - - Err:509 1,200,000
GINGER FACTORY (LAND) 1-Aug-99 2,400,000 - - - 2,400,000 0.0% - - - - 2,400,000 2,400,000
PICKLE SHED 6-Sep-99 117,821 - - - 117,821 2.5% 117,821 - - 117,821 - -
FACTORY UPGRADING 31-Mar-99 340,505 - - - 340,505 2.5% 340,505 - - 340,505 - -
FACTORY UPGRADING - BRINING SECTION 1-Jan-02 55,038 - - - 55,038 2.5% 52,286 1,376 - 53,662 1,376 2,752
33 NEW TUBE LIGHTS WITH COVERS IN BRINING SHED 31-Dec-02 4,498 - - - 4,498 12.5% 4,498 - - 4,498 - -
FACTORY UPGRADING - BRINING, SYRUPPING, CRYSTALLISING & PICKLE FLO 1-Jan-03 46,419 - - - 46,419 12.5% 46,419 - - 46,419 - -
15 NEW TUBE LIGHTS WITH COVERS IN WAREHOUSE 1 & 2 1-Apr-04 1,092 - - - 1,092 12.5% 1,092 - - 1,092 - -
LADIES CHANGE ROOM 1-Oct-06 15,230 - - - 15,230 2.5% 15,230 - - 15,230 - -
7 SECURITY LIGHTS 1-Sep-06 1,726 - - - 1,726 12.5% 1,726 - - 1,726 - -
SYRUPING HALL UPGRADE 1-Feb-07 40,641 - - - 40,641 2.5% 40,641 - - 40,641 - -
FACTORY UPGRADE - BRINING ROOF, WAREHOUSE & SECURITY HOUSE 1-Mar-08 15,469 - - - 15,469 2.5% 15,469 - - 15,469 - -
FACTORY UPGRADE - BRINING BUILDING 1-Dec-08 70,742 - - - 70,742 2.5% 70,742 - - 70,742 - -
HIDAY LIGHTS - CUTTING DEPARTMENT 17-Jan-12 5,522 - - - 5,522 12.5% 5,522 - - 5,522 - -
ROLLER DOORS 1-Jan-14 139,427 - - - 139,427 12.5% 139,427 - - 139,427 - -
BRINE BUILDING CEILING UPGRADE 29-Aug-14 105,090 - - - 105,090 2.5% 33,278 2,627 - 35,906 69,184 71,811
BRINE FLOOR UPGRADE 31-Jan-18 75,448 - - - 75,448 2.5% 11,003 1,886 - 12,889 62,559 64,445
SYRUPING HALL FLOOR UPGRADE 31-Jan-18 202,400 - - - 202,400 2.5% 29,517 5,060 - 34,577 167,823 172,883
CRYSTALLIZE PACKING ROOM FLOOR UPGRADE 1-Mar-21 31,100 - - - 31,100 2.5% 259 259 - 518 30,582 30,841
5,927,217 - - Err:509 Err:509 1,984,484 11,209 - 1,995,693 Err:509 3,942,733
FACTORY OVERHEADS
SHIPPING CONTAINER FOR STORAGE 3-Mar-97 1,875 - - - 1,875 12.5% 1,875 - - 1,875 - -
NEW WATER SUPPLY METER 1-Dec-97 4,245 - - - 4,245 12.5% 4,245 - - 4,245 - -
1 FORKLIFT RAMP 29-Sep-99 761 - - - 761 12.5% 761 - - 761 - -
FIRE EXTINGUISHERS 31-May-00 4,071 - - - 4,071 12.5% 4,071 - - 4,071 - -
240V SIREN 15-May-00 564 - - - 564 12.5% 564 - - 564 - -
WOODEN LOCKERS, RECEPTION PARTITION & BENCHES 11-Feb-03 6,495 - - - 6,495 12.5% 6,495 - - 6,495 - -
STAINLESS STEEL WATER LINE 1-Aug-05 81,907 - - - 81,907 12.5% 81,907 - - 81,907 - -
KANA ROOM TABLES & BENCHES 1-Mar-08 4,049 - - - 4,049 12.5% 4,049 - - 4,049 - -
AUTOMATIC HAND DRYERS - 3 1-Jun-08 2,640 - - - 2,640 12.5% 2,640 - - 2,640 - -
9000 BTU DAIKIN SPLIT SYSTEM AIR CONDITIONER - PM OFFICE. 19-Mar-10 1,404 - 1,404 - - 12.5% 1,404 - 1,404 - - -
ELECTRICAL POWER FACTOR UNIT 1-Oct-10 18,130 - - - 18,130 12.5% 18,130 - - 18,130 - -
10,000L WATER TANK 5-Apr-11 1,652 - - - 1,652 12.5% 1,652 - - 1,652 - -
AVERY SCALE 3205 500KG SN 75570 1-Jun-11 1,511 - - - 1,511 12.5% 1,511 - - 1,511 - -
WAREHOUSE RACKING 31-Dec-11 18,564 - - - 18,564 12.5% 18,100 463 - 18,563 1 464
CAS ER-PLUS SCALE 15/30KG SN 110542106 7-May-12 861 - - - 861 12.5% 861 - - 861 - -
CAS ER-PLUS SCALE 15/30KG SN 130453470 4-Jul-13 713 - - - 713 12.5% 713 - - 713 - -
10,000L WATER TANK 23-Sep-14 2,037 - - - 2,037 12.5% 2,037 280 - 2,317 - -
K6 200 WATER BLASTER KARCHER 7-Feb-17 1,193 - 1,193 - - 12.5% 964 229 1,193 - - 229
2 SCALES UWE ASEP MN ASEP-30 SN ASEP-C5728/C5706 21-Feb-17 1,431 - - - 1,431 12.5% 894 179 - 1,073 358 537
STIHL WATER BLASTER MODEL RE119 14-Jun-18 898 - 898 - - 12.5% 479 419 898 - - 419
FIRE ALARM SYSTEM 17-Jun-19 22,569 - - - 22,569 12.5% 6,206 2,821 - 9,028 13,541 16,362
CCTV CAMERA SYSTEM 13-Jun-19 11,807 - - - 11,807 12.5% 3,247 1,476 - 4,723 7,084 8,560
1x12000BTU LRL AIR CONDITIONER - PRODUCTION MANAGER OFFICE 28-Feb-22 1,147 - - 1,147 12.5% - 60 - 60 1,087 -
STIHL WATER BLASTER MODEL RE120 4-Apr-22 1,228 - - 1,228 12.5% - 38 - 38 1,190 -
189,378 2,375 3,495 - 188,258 162,807 5,965 3,495 165,277 23,262 26,571
QUALITY CONTROL
LAB EQUIPMENTS 1-Jan-95 4,394 - - - 4,394 12.5% 4,394 - - 4,394 - -
MICROLAB 27-Nov-98 5,614 - - - 5,614 12.5% 5,614 - - 5,614 - -
LAB EQUIPMENTS 23-Mar-99 16,704 - - - 16,704 12.5% 16,704 - - 16,704 - -
REFRACTORMETER DIGITAL RFM130 1-Jun-00 10,315 - - - 10,315 12.5% 10,315 - - 10,315 - -
HOTPLATE GLASS CERAMIC 160x160mm PLATE 26-Nov-01 760 - - - 760 12.5% 760 - - 760 - -
1 ONLY DIGITAL SCALE - SARTORIUS BL1500 SN 15307718 28-Oct-03 969 - - - 969 12.5% 969 - - 969 - -
PH METER - SERIAL NO.: 07257 29-Dec-06 1,553 - - - 1,553 12.5% 1,553 - - 1,553 - -
WATER CASCADE, MOISTURE ANALYSER, REFRACTOMETER, PH METER & 2 DI 31-Mar-13 30,569 - - - 30,569 12.5% 30,569 - - 30,569 - -
ACCUPOINT HYGIENE MONITOR - SN AP2-3267-M 1-May-13 5,978 - - - 5,978 12.5% 5,978 - - 5,978 - -
BALANCE, OHAUS MOISTURE ANALYSER MB90 SN. 31-Oct-17 5,339 - - - 5,339 12.5% 4,227 667 - 4,894 445 1,112
VIBRA AJ3200CE ANALYTICAL BALANCE SN:171067016 17-May-18 1,743 - - - 1,743 12.5% 1,126 218 - 1,344 399 617
1x9000BTU LRL AIR CONDITIONER - WAREHOUSE OFFICE 31-Jul-19 917 - - - 917 12.5% 283 115 - 398 520 635
1x12000BTU LRL AIR CONDITIONER - LAB 16-Jan-20 1,055 - - - 1,055 12.5% 220 132 - 352 703 835
1x12000BTU LRL AIR CONDITIONER - LAB 28-Feb-22 - 1,147 - - 1,147 12.5% - 60 - 60 1,087 -
85,912 1,147 - - 87,059 82,713 1,192 - 83,904 3,155 3,200
BOILER
BOILER CHEM FEED PUMP 1-Jan-95 1,000 - - - 1,000 12.5% 1,000 - - 1,000 - -
BOILER CHIMNEY (BIG) 1-Jan-95 2,655 - - - 2,655 12.5% 2,655 - - 2,655 - -
BOILER WATER TANK 1-Jan-95 1,000 - - - 1,000 12.5% 1,000 - - 1,000 - -
STEAM LINE 1-Jan-95 975 - - - 975 12.5% 975 - - 975 - -
BOILER CHIMNEY (SMALL) 15-Jul-97 450 - - - 450 12.5% 450 - - 450 - -
ADDITIONAL STEAM PIPE 13-May-98 734 - - - 734 12.5% 734 - - 734 - -
BOILER COMPRESSOR 31-Mar-99 5,245 - - - 5,245 12.5% 5,245 - - 5,245 - -
BOILER ROOM 12-Feb-99 27,273 - - - 27,273 12.5% 27,273 - - 27,273 - -
BOILERLAND STEAM FIRED BOILER (EX-BUDERIM) 1-May-99 127,837 - - - 127,837 12.5% 127,837 - - 127,837 - -
STEAM LINE 1-Jan-99 52,298 - - - 52,298 12.5% 52,298 - - 52,298 - -
STEAM GATE VALVE 7-Jul-00 1,123 - - - 1,123 12.5% 1,123 - - 1,123 - -
BOILER UPGRADE - LIMITED ATTENDANCE 1-Feb-07 38,301 - - - 38,301 12.5% 38,301 - - 38,301 - -
BOILER COMPRESSOR 3-Feb-11 5,268 - - - 5,268 12.5% 5,268 - - 5,268 - -
264,158 - - - 264,158 264,158 - - 264,158 - -
740
OFFICE PARTITION - ACCOUNTS OFFICE 23-Jan-98 375 - - - 375 12.5% 375 - - 375 - -
2 DESKS 26-Feb-98 372 - - - 372 12.5% 372 - - 372 - -
1 ONLY RETURN TABLE - ACCOUNTANT 29-Oct-99 255 - - - 255 12.5% 255 - - 255 - -
FILING CABINET 2-Mar-01 271 - - - 271 12.5% 271 - - 271 - -
MYOB PREMIER ACCOUNTING SOFTWARE 1-Sep-00 3,182 - - - 3,182 12.5% 3,182 - - 3,182 - -
COMPUTER SERVER ROOM 24-Jul-03 698 - - - 698 12.5% 698 - - 698 - -
18000 BTU DAIKIN SPLIT SYSTEM AIR CONDITIONER - BOARD ROOM 31-Jan-06 1,644 - - - 1,644 12.5% 1,644 - - 1,644 - -
18000 BTU DAIKIN SPLIT SYSTEM AIR CONDITIONER - MICRO LAB 31-Jan-06 1,733 - 1,733 - - 12.5% 1,733 - 1,733 - - -
OFFICE FURNITURE - TABLES, CHAIRS, SHELVES & LOCKERS 20-Apr-06 1,547 - - - 1,547 12.5% 1,547 - - 1,547 - -
OLYMPUS DIGITAL CAMERA FE-270 26-Nov-07 345 - - - 345 25.0% 345 - - 345 - -
WORLD AUTOMATIC HAND DRYER 1-Jul-09 782 - - - 782 25.0% 782 - - 782 - -
BROTHER FAX 2820 1-May-10 468 - - - 468 25.0% 468 - - 468 - -
KONICA MINOLTA BIZHUB 211 COPIER 1-Jul-10 5,942 - - - 5,942 25.0% 5,942 - - 5,942 - -
HP COMPUTER - LAW FOOK 1-May-11 1,903 - 1,903 - - 25.0% 1,903 - 1,903 - - -
760 MOTOR VEHICLE - KIA SPORTAGE 18-Oct-11 56,522 - - - 56,522 25.0% 56,522 - - 56,522 - -
9000 BTU DAIKIN SPLIT SYSTEM AIR CONDITIONER - RECEPTION 1-Nov-13 1,126 - - - 1,126 12.5% 1,126 - - 1,126 - -
HP 4300 PRO SFF DESKTOP COMPUTERS 16-Jan-14 3,739 - - - 3,739 25.0% 3,739 - - 3,739 - -
HP DESKTOP COMPUTER - RECEPTION 25-Apr-14 1,912 - - - 1,912 25.0% 1,912 - - 1,912 - -
HP PRODESK 600 SFF I5 DESKTOP COMPUTER - FINANACE OFFICE 30-Aug-16 1,651 - - - 1,651 25.0% 1,679 (28) - 1,651 - (28)
MOTOR VEHICLE - TOYOTA PRIUS HYBRID 26-May-17 17,711 - - - 17,711 25.0% 15,349 2,360 - 17,709 1 2,361
24000 LRL AIRCONDITIONING UNIT - FRONT OFFICE 31-Jan-18 1,495 - - - 1,495 12.5% 910 187 - 1,097 399 586
24000 LRL AIRCONDITIONING UNIT - FINANCE OFFICE 13-Apr-19 1,541 - - - 1,541 12.5% 552 193 - 745 796 989
HP 600 DESKTOP COMPUTER - PRANEEL SEN 9-Jul-19 2,466 - - - 2,466 25.0% 1,069 617 - 1,685 781 1,397
HP PRODESK 600 SFF I5 DESKTOP COMPUTER - SALESH 26-May-20 2,330 - - - 2,330 25.0% 621 583 - 1,204 1,126 1,709
HP PRODESK 600 SFF I5 DESKTOP COMPUTER - MATELITA 15-Jun-20 2,273 - - - 2,273 25.0% 568 568 - 1,137 1,137 1,705
MA-300 BIOMETRIC DOOR ACCESS CONTROL UNIT 24-Jun-20 1,679 - - - 1,679 25.0% 420 420 - 839 839 1,259
HP LAPTOP - FINANCE 15-Jul-20 2,462 - - - 2,462 25.0% 590 616 - 1,206 1,257 1,872
HP 600 DESKTOP COMPUTER - NEW SERVER 30-Jul-20 2,283 - - 2,283 25.0% 523 571 - 1,094 1,189 1,759
AMANO PIX-3000X ELECTRONIC TIME RECORDER SERIAL # 307582 28-Oct-20 1,927 - - - 1,927 25.0% 321 482 - 803 1,124 1,606
SAMSUNG REFRIGERATOR 7-Dec-20 1,256 - - - 1,256 12.5% 78 157 - 235 1,020 1,177
WOODEN SOFA SET - 2 PIECE 15-Dec-20 1,375 - - - 1,375 12.5% 86 172 - 258 1,117 1,289
HP PRODESK 600 SFF I5 DESKTOP COMPUTER - LAW 9-Feb-21 2,219 - - - 2,219 25.0% 208 555 - 763 1,456 2,011
MOTOR VEHICLE - ISUZU D-MAX 4X4 15-Feb-21 71,550 - - - 71,550 25.0% 6,708 17,888 - 24,595 46,955 64,843
LENOVO LAPTOP - SANFRED SMITH 17-Jun-21 2,219 - - - 2,219 25.0% - 555 - 555 1,664 2,219
DELL LAPTOP X 2 30-Jun-22 - 3,883 - - 3,883 25.0% - - - - 3,883 -
199,255 3,883 3,637 - 199,502 112,499 25,893 3,637 134,755 64,746 86,756
9,066,139 240,350 7,132 Err:509 Err:509 4,777,863 87,911 7,132 4,858,641 Err:509 4,288,277
TFP ASSETS 1-Jul-99
SYRUPPING 113,084 - - - 113,084 25.0% 113,084 - 113,084 - -
113,084 - - - 113,084 113,084 - - 113,084 - -
TOTAL 9,179,224 240,350 7,132 Err:509 Err:509 - 4,890,947 87,911 7,132 4,971,725 Err:509 4,288,277
Prepared By: Augustine
Date: 08.09.2022
Reviewed By:
Date:
Client Frespac Ginger (Fiji) Pte Limited

Subject Audit Adjustments
Year End 30.06.2022
Appendix 1
Summary of Audit Differences
PROFIT AND LOSS BALANCE SHEET EFFECT ON OPERATING PROFIT

ACCOUNT
REF PARTICULARS KNOWN ESTIMATED KNOWN ESTIMATED KNOWN ESTIMATED
DR/(CR) DR/(CR) DR/(CR) DR/(CR) DR/(CR) DR/(CR)
304 Future Income Tax Benefit 64,265

304 Income Tax Benefit (64,265)
305 Export Sales 16,283 16,283

305 Local Sales (16,283) (16,283)
304 Income Tax Benefit 65,965

304 Income Tax Expense (65,965)
$ - $ - $ - $ - $ - $ -
Cost Center GL Account GL Description Sub-Account BC Balance
10100 Petty Cash 1,500.00
16450 Goodwill 232,600.00
16500 Trademarks 2,186.25
30000 Share Capital -198,544.00
10200 Bank-AUD 245.85

12000 Trade Debtors-External 218,527.69
13105 Stock-Whole Root FIJI 2,312,731.70
13300 Stock-Finished Goods 4SYR 192,191.29
13300 Stock-Finished Goods 4CRY 146,813.80
13300 Stock-Finished Goods 4FRH 11,947.92
13110 Stock-Whole Root 156,235.53
15000 Prepayments 8,269.57
39000 Retained Earnings -7,757,007.76
13155 Stock-Cut&Slice FIJI 192,204.37
13150 Stock-Cut&Slice Ginger 0.02
12001 Trade Debtors-Internal 20501 0.00
20800 Accr-Commission 64110 0.00
13110 Stock-Whole Root 1GIO -118,977.97
20800 Accr-Commission 64100 -30,588.84
39300 Dividend Paid 5,882,991.00
10000 Cash on Hand 183.38
20000 Trade Creditors-External -324,173.34
11870 Clearing-Frespac 0.01
21900 Accr-Sundry -52,179.45
16050 Buildings 2,124,096.53
20400 GST/VAT/GET Payable -45,302.55
13300 Stock-Finished Goods 6CRY 0.28
10300 Bank-FJD -78,643.32
20800 Accr-Commission 60000 -6,853.22
16550 Amort-Goodwill -232,599.52
13005 Stock-Packaging FIJI 105,350.19
20401 GST/VAT/GET Pay Clearing -82,326.28
11401 GST/VAT/GET Rec Clearing -2,021,246.49
27000 Prov-Corporate Tax 88,826.66
16000 Land 2,400,000.00
33000 Asset Reval Reserve -2,270,000.00
17100 FITB 190,705.82
41100 FX Realised Gain -51,043.64
41101 FX Realised Loss 95,453.23
54000 Rounding Differences -0.02
20001 Trade Creditors-Internal 20509 -34,998.15
16300 Acc Dep - P&E -2,944,362.68
16100 P&E 3,455,126.92
13055 Stock-Raw Materials FIJI 316,347.42
41151 FX Unrealised Loss 1,449.78
27400 Prov-FNTC -3,521.50
11000 Deposits Paid 33,114.33
12001 Trade Debtors-Internal 20509 -176,106.76
11400 GST/VAT/GET Receivable 2,176,807.03
17950 Loan BFF -1,065,639.32
11200 Employee Loans 26,900.00
41150 FX Unrealised Gain 6,246.40
10999 Supplier Payment in Prog -69,386.22
23400 Clr-Payroll -13,779.92
22600 Clr-Employ Super/Pension -36,729.61
20100 Trade Creditors-FXRevExt -556.28
20101 Trade Creditors-FXRevInt 20509 290.45
12100 Trade Debtors-FX Rev Ext -976.36
13700 Stock-Fuel 15,239.07
23300 Clr-PAYG -900.62
27100 Prov-Annual/Vac Leave -51,875.64
27300 Prov-SickPay -10,005.41
350 16250 Acc Dep - Buildings -1,992,191.41
350 13205 Stock-WIP FIJI 101,444.28
350 13175 Stock-SemiProc SyrupFIJI 85,410.61
350 39150 Ret Earnings Prior Year -999,127.42
350 53800 Repairs&Maintenance 38006 7,957.32
350 53800 Repairs&Maintenance 38001 80.73
350 54300 Servicing Supplies 78,852.01
350 53500 Quality & Micro Testing 14,692.37
350 54350 Staff Recruitment 404.66
350 50530 Chemicals 1,502.98
350 59650 Var-Material Rate 3FRH 4,308.63
350 59650 Var-Material Rate 1GIO 54,868.60
350 53800 Repairs&Maintenance 38013 256.88
350 52750 Motor Vehicle 27503 350.15
350 53300 Professional Fees 18,897.40
350 54850 Sundry Exp and small eq 4,896.47
350 53050 Pest Control 12,843.48
350 55200 Uniforms 18,394.06
350 50550 Cleaning 2,121.26
350 51150 Equipment Rentals 41,715.49
350 58100 COS-Inventory Reval 4SYR -8,140.53
350 58100 COS-Inventory Reval 4CRY -1,450.64
350 52750 Motor Vehicle 27504 2,908.38
350 55100 Training & Development 3,600.00
350 52400 Licence Fees 2,744.29
350 51650 Fuel 154,120.45
350 51400 Forklift Hire 48,030.99
350 54100 Safety Equipment 17,534.05
350 54400 Stationery&Office 2,452.22
350 50600 Clean&Sanitary Material 8,517.98
350 52750 Motor Vehicle 27501 6,524.45
350 51000 Donations & Sponsorships 4,950.00
350 53700 Rent 7,200.00
350 53660 Rates-Water 61,215.46
350 50100 Audit Fees 16,486.75
350 55300 Waste Disposal 14,886.21
350 59650 Var-Material Rate 4SYR 74,765.63
350 54200 Sal&Wages-Annual Leave 41502 17,181.66
350 54225 Sal&Wages-Sick Leave 41502 2,354.64
350 54220 Sal&Wages-Employ Taxes 41502 1,545.36
350 54210 Sal&Wages-Super/Pension 41502 15,453.77
350 59300 Var-Labour Rate 27,309.87
350 54150 Sal&Wages-Permenant 41502 176,488.02
350 54160 Sal&Wages-Casual 41501 179,161.25
350 50900 Depreciation 123,516.26
350 59600 Var-Material Usage 3FRH 91,997.85
350 52450 Light & Power 116,065.10
350 59400 Var-Loss/Gain -151,313.07
350 59600 Var-Material Usage 1GIO -56,890.31
350 52101 Labour-Absorbed -341,754.65
350 52850 OHead Recovery-Variable -421,409.80
350 52860 OHead Recovery-Fixed -622,922.12
350 59600 Var-Material Usage 3SYR 43,826.02
350 59600 Var-Material Usage 3CRY -23,234.87
390 59600 Var-Material Usage 4CRY 18,961.99
390 58150 COS-Stocktakes&WriteOffs 4SYR 80,335.05
600 53650 Rates-General 9,749.70
600 54850 Sundry Exp and small eq 40.00
600 55155 Travel-Accomm/Meals 3,650.82
600 51500 Freight Outward BGL001 61,674.09
600 41760 Sales Disc-Other -1,984.59
600 41701 Sales-Internal -779,832.37
600 51500 Freight Outward BUG010 4,481.32
600 41700 Sales-External -818,775.70
641 50700 Commissions 12,281.64
641 51500 Freight Outward MUR010 9,762.40
641 58000 COS-External 692,768.48
641 58001 COS-Internal 664,544.20
641 51500 Freight Outward ELJ010 38,836.67
641 41700 Sales-External -1,370,511.26
641 50700 Commissions 25,595.17
643 51500 Freight Outward BGL001 53.40
644 51500 Freight Outward BOI010 8,795.86
644 58000 COS-External 1,012,959.52
644 41700 Sales-External -361,186.02
644 58000 COS-External 244,331.14
644 51500 Freight Outward LIN010 36,048.90
646 41700 Sales-External -555,685.94
646 58000 COS-External 375,722.59
646 51500 Freight Outward JOV010 10,982.17
646 51500 Freight Outward REE010 5,593.95
666 41700 Sales-External -394,002.68
666 51500 Freight Outward HAC010 3,452.65
740 58000 COS-External 316,535.78
740 51500 Freight Outward TAP010 9,617.41
740 41700 Sales-External -10,567.58
740 58000 COS-External 7,838.12
740 53100 Postage 3.05
740 54950 Telecommunication Exp 8,328.86
740 54250 Security Service 51,623.22
740 54225 Sal&Wages-Sick Leave 41502 572.36
750 54220 Sal&Wages-Employ Taxes 41502 106.85
760 50900 Depreciation 9,630.52
760 51850 Insurance 172,262.44
760 52350 Legal Fees 5,146.78
760 50200 Accounting & Tax 996.25
760 51100 Entertainment 01101 350.00
760 54750 Subscription&Memberships 1,057.23
760 50470 Books & Publications 2,029.59
760 51000 Donations & Sponsorships 500.00
760 50450 Bank Charges 2,814.81
760 54240 Sal&Wages-TEC Motor Veh 27504 784.06
760 50100 Audit Fees 8,700.00
760 51950 Interest-Bank Loans 3,593.12
760 54240 Sal&Wages-TEC Motor Veh 27501 2,834.05
800 54200 Sal&Wages-Annual Leave 41501 552.66
800 54225 Sal&Wages-Sick Leave 41501 -6,998.83
51550 Fringe Benefits Tax 1,495.00
52050 Interest-Internal 20509 15,639.32
43000 Sundry Income -2,242.00
41400 Profit-Disposed FA -13,807.34
-396.00
P&L
(51,043.64)
95,453.23
1,449.78
6,246.40
87,810.32
139,916.09
NLBT as per financials (139,916.09)
Variance -
TAX WORKSHEET
CALCULATION OF INCOME TAX PAYABLE CURRENT YEAR

Permanent Timing differences
difference Future Future
$ income tax tax
benefit liability
Net profit before tax (331,666) (331,666)

Add
Depreciation charged in the accounts 133,423 133,423
Subscriptions - -
Superannuation @ 50% - -
Fringe Benefit Tax - -
Donations 10,344 10,344
Amounts credited to provisions
- Annual leave 57,302 57,302
Deduct
Depreciation deductible for tax purposes (87,911) (87,911)
Export Concession - -
Tax losses brought forward

TAXABLE INCOME (218,509) (321,323) 102,814 -
Income tax rate 20% 20% 20% 20%
INCOME TAX PAYABLE (43,702)
Tax effect of permanent and timing differences (64,265) 20,563 -
Tax Effect Worksheet

30 June 30 June Movement
2021 2020
$FJ $FJ $FJ
Revenue 4,294,788 5,143,959 (849,170)
Cost of Goods Sold (3,534,270) (4,116,994) 582,724
Gross Profit 760,518 1,026,965 (266,447)
Other Income 216,163 201,434 14,729
976,681 1,228,398 (251,717)
Administrative expense (213,263) (224,308) 11,045

Selling & Distribution Expense (238,936) (278,637) 39,700
Other Operating Expenses (642,353) (943,826) 301,474
(1,094,552) (1,446,771) 352,219
(Loss) from Operating Activities (117,871) (218,373) 100,502
Finance Costs (22,047) (8,887) (13,160)
(Loss) Before Income Tax (139,918) (227,260) 87,342
Income Tax Expense/(Benefit) 26,716 (39,034) 65,751
Net (Loss) After Income Tax (166,635) (188,226) 21,592
Revaluation Surplus on Building, net of tax 1,080,000 690,000 390,000
Total Comprehensive Income for the year 913,365 501,774 411,592
30 June 30 June
2021 2020 Movement
$FJ $FJ $FJ
Current Assets
Cash and Cash Equivalents 1,929 1,737 192

Trade and Other Receivables 158,407 980,713 (822,306)
Inventories 3,516,938 1,723,109 1,793,830
Total Current Assets 3,677,275 2,705,558 971,716
Non Current Assets
Deferred Tax Assets 198,958 190,708 8,250

Other Receivables 33,114 31,984 1,130
Intangible Asset 2,186 2,186 -
Property, Plant and Equipment 4,242,669 2,988,927 1,253,743
Total Non Current Assets 4,476,928 3,213,805 1,263,123
Total Assets 8,154,203 5,919,363 2,234,839
30 June 30 June Movement

2021 2020
$FJ $FJ $FJ
Current Liabilities
Bank Overdraft 78,643 109,989 (31,345)

Trade and Other Payables 569,602 398,069 171,533
Provisions 65,656 70,012 (4,356)
Total Current Liabilities 713,901 578,069 135,832
Interest Bearing Borrowing 1,065,639 - 1,065,639

Deferred Tax Liability 120,000
Total Liabilities 1,899,540 578,069 1,321,471
Net Assets 6,254,659 5,341,294 913,365
Share Capital 198,544 198,544 -

Asset RevaluationReserve 3,350,000 2,270,000 1,080,000
Retained Earnings 2,706,115 2,872,750 (166,634)
-
Total Shareholders Equity 6,254,659 5,341,294 913,366
Cost Center Code GL Account GL Description Sub-Account BC Balance
10100 Petty Cash 1,500.00

16450 Goodwill 232,600.00
16500 Trademarks 2,186.25
30000 Share Capital (198,544.00)
10200 Bank-AUD 248.10
12001 Trade Debtors-Internal -
12000 Trade Debtors-External 769,651.74
12400 Trade Debtors-DataMigr -
20150 Trade Creditors-DataMigr -
13105 Stock-Whole Root FIJI 740,554.67
20001 Trade Creditors-Internal -
16400 Capital Expenditure -
13100 Stock-SemiProcessedGoods 3SYR -
13100 Stock-SemiProcessedGoods 3FRH -
13999 Stock-OpBal Migration -
13300 Stock-Finished Goods 4SYR 133,407.22
13300 Stock-Finished Goods 4CRY 69,723.40
13300 Stock-Finished Goods 4FRH 0.01
99990 System Suspense -
13110 Stock-Whole Root 156,235.53
15000 Prepayments 14,395.32
11500 Insurance Clearing -
39000 Retained Earnings (7,757,007.76)
18300 Loan Frespac-AUD -
13155 Stock-Cut&Slice FIJI 380,681.70
20800 Accr-Commission -
13150 Stock-Cut&Slice Ginger 0.02
13900 Stock-GINR -
12001 Trade Debtors-Internal 20501 52,541.17
17800 Loan BGL-AUD -
20800 Accr-Commission 64110 (6,880.98)
13650 Stock-Laboratory Cons -
13170 Stock-SemiProc Syrup -
13110 Stock-Whole Root 1GIO (156,235.53)
20800 Accr-Commission 64100 (43,750.53)
39300 Dividend Paid 5,882,991.00
10000 Cash on Hand (11.21)
20000 Trade Creditors-External (170,136.12)
20080 Unmatched AP Invoice -
11870 Clearing-Frespac 0.01
13005 Stock-Packaging FIJI 96,841.94
20401 GST/VAT/GET Pay Clearing (82,322.15)
16300 Acc Dep - P&E (3,410,263.89)
16100 P&E 3,872,482.64
21900 Accr-Sundry (16,421.68)
27500 Prov-Payroll Tax -
27050 Prov-Dividend -
16050 Buildings 2,092,996.53
20400 GST/VAT/GET Payable (43,055.52)
13300 Stock-Finished Goods 6CRY 0.28
27350 Prov-Super/Pension -
23900 Clr-UNDP -
10300 Bank-FJD (109,988.56)
20800 Accr-Commission 60000 (6,378.97)
20001 Trade Creditors-Internal 20501 (696.44)
16000 Land 2,400,000.00
33000 Asset Reval Reserve (2,270,000.00)
16550 Amort-Goodwill (232,599.52)
27000 Prov-Corporate Tax 53,863.55
17100 FITB 186,634.40
54000 Rounding Differences -
11600 Other Debtors -
11401 GST/VAT/GET Rec Clearing (1,840,170.55)
11200 Employee Loans 13,425.00
41150 FX Unrealised Gain (2,413.08)
13055 Stock-Raw Materials FIJI 174,971.74
41100 FX Realised Gain (12,643.18)
27400 Prov-FNTC (3,479.19)
25100 Growers Control -
41151 FX Unrealised Loss (4,069.94)
11000 Deposits Paid 31,984.33
41101 FX Realised Loss 223,118.67
10999 Supplier Payment in Prog (97,914.53)
11400 GST/VAT/GET Receivable 2,000,780.24
23400 Clr-Payroll (17,303.37)
22600 Clr-Employ Super/Pension (36,708.66)
20100 Trade Creditors-FXRevExt 5.10
20101 Trade Creditors-FXRevInt 20501 0.14
12100 Trade Debtors-FX Rev Ext 6,641.09
23300 Clr-PAYG (585.24)
13700 Stock-Fuel 12,462.36
13950 Stock-Inv Trf Clearing -
21600 Accr-Light & Power -
22500 Clr-CutLadies -
22900 Clr-Insurance Deductions -
22800 Clr-Housing Deductions -
24100 Clr-Union Fees -
27100 Prov-Annual/Vac Leave (52,708.57)
27300 Prov-SickPay (15,122.39)
13205 Stock-WIP FIJI 78,288.21
13175 Stock-SemiProc SyrupFIJI 49,197.17
16250 Acc Dep - Buildings (1,966,288.61)
14000 Prov-Inv Writedown (13,020.00)
39150 Ret Earnings Prior Year 11600 (1,186,958.87)
350 50530 Chemicals 7,017.40
350 54300 Servicing Supplies 71,965.40
350 52750 Motor Vehicle 27501 7,078.06
350 53300 Professional Fees 19,072.50
350 55100 Training & Development 2,222.00
350 54100 Safety Equipment 20,586.60
350 53650 Rates-General 10,074.60
350 59650 Var-Material Rate 3FRH 2,304.32
350 54850 Sundry Expenses 14,685.48
350 59650 Var-Material Rate 4CRY (1,060.47)
350 50100 Audit Fees 18,628.73
350 55200 Uniforms 13,975.25
350 51150 Equipment Rentals 9,083.68
350 50600 Clean&Sanitary Material 9,524.64
350 50550 Cleaning 2,148.70
350 53500 Quality & Micro Testing 7,433.64
350 52750 Motor Vehicle 27503 516.00
350 59650 Var-Material Rate 1GIO 100,981.65
350 51650 Fuel 238,824.13
350 51400 Forklift Hire 34,765.69
350 52750 Motor Vehicle 27504 2,817.20
350 53700 Rent 19,200.00
350 53050 Pest Control 12,432.15
350 53660 Rates-Water 84,614.64
350 52400 Licence Fees 3,894.32
350 55300 Waste Disposal 16,330.18
350 59300 Var-Labour Rate 9,069.61
350 54160 Sal&Wages-Casual 41501 183,212.66
350 59650 Var-Material Rate 4SYR 4,145.47
350 52101 Labour-Absorbed (318,122.31)
350 59600 Var-Material Usage 3FRH 73,231.04
350 52850 OHead Recovery-Variable (459,554.89)
350 52860 OHead Recovery-Fixed (796,017.27)
350 59400 Var-Loss/Gain (180,057.46)
350 59600 Var-Material Usage 4CRY 17,315.81
350 59600 Var-Material Usage 3CRY (27,977.21)
350 52450 Light & Power 132,346.20
350 59600 Var-Material Usage 1GIO (38,175.31)
350 58150 COS-Stocktakes&WriteOffs 4SYR 9,499.25
350 50900 Depreciation 180,458.40
350 58150 COS-Stocktakes&WriteOffs 1GIO 13,020.00
390 55155 Travel-Accomm/Meals 2,050.00
600 51500 Freight Outward BUG010 13,338.47
600 58000 COS-External 714,699.46
600 41700 Sales-External (925,560.73)
600 41760 Sales Disc-Other (992.30)
600 51500 Freight Outward BGL001 25,713.87
600 41701 Sales-Internal (207,282.50)
600 50700 Commissions 12,582.09
600 51500 Freight Outward MUR010 12,994.59
600 58001 COS-Internal 177,033.55
641 51500 Freight Outward BUG010 528.69
641 51500 Freight Outward HOS010 65.27
641 51500 Freight Outward BOI010 22,681.70
641 41700 Sales-External (2,703,824.37)
641 58000 COS-External 2,061,072.80
641 50700 Commissions 46,949.91
643 41700 Sales-External (530,442.90)
643 58000 COS-External 364,673.34
644 51500 Freight Outward JOV010 20,794.30
644 41700 Sales-External (163,564.25)
644 51500 Freight Outward LIN010 16,837.77
644 51500 Freight Outward REE010 1,086.19
644 58000 COS-External 85,956.54
646 41700 Sales-External (593,105.33)
646 58000 COS-External 575,500.97
646 51500 Freight Outward TAP010 10,732.27
646 51500 Freight Outward HAC010 4,088.52
666 41700 Sales-External (19,186.44)
666 58000 COS-External 15,629.12
740 53100 Postage 23.75
740 54950 Telecommunication Exp 8,729.44
740 54250 Security Service 58,480.60
740 54225 Sal&Wages-Sick Leave 41502 810.02
740 50900 Depreciation 1,428.60
750 51850 Insurance 307,376.39
760 54240 Sal&Wages-TEC Motor Veh 27503 223.65
760 51100 Entertainment 01101 800.00
760 50470 Books & Publications 2,029.59
760 50450 Bank Charges 2,786.24
760 51550 Fringe Benefits Tax 836.75
760 54750 Subscription&Memberships 1,980.94
760 50200 Accounting & Tax 14,682.25
760 51950 Interest-Bank Loans 6,101.04
760 54225 Sal&Wages-Sick Leave 41502 (3,818.40)
760 50100 Audit Fees 10,719.20
800 52500 Loss-Disposal FA 36,893.91
800 43000 Sundry Income (15,834.64)
Petty Cash
Goodwill
Trademarks
Share Capital
Bank-AUD
Trade Debtors-Internal
Trade Debtors-External
Trade Debtors-DataMigr
Trade Creditors-DataMigr
Stock-Whole Root FIJI
Trade Creditors-Internal
Capital Expenditure
Stock-SemiProcessedGoods
Stock-SemiProcessedGoods
Stock-OpBal Migration
Stock-Finished Goods
System Suspense
Stock-Whole Root
Prepayments
Insurance Clearing
Retained Earnings
Loan Frespac-AUD
Stock-Cut&Slice FIJI
Accr-Commission
Stock-Cut&Slice Ginger
Stock-GINR
Trade Debtors-Internal
Loan BGL-AUD
Accr-Commission
Stock-Laboratory Cons
Stock-SemiProc Syrup
Stock-Whole Root
Accr-Commission
Dividend Paid 5,482,991.00 400,000.00
Cash on Hand
Trade Creditors-External
Unmatched AP Invoice
Clearing-Frespac
Stock-Packaging FIJI
GST/VAT/GET Pay Clearing
Acc Dep - P&E
P&E
Accr-Sundry
Prov-Payroll Tax
Prov-Dividend
Buildings
GST/VAT/GET Payable
Prov-Super/Pension
Clr-UNDP
Bank-FJD
Accr-Commission
Trade Creditors-Internal
Land
Asset Reval Reserve
Amort-Goodwill
Prov-Corporate Tax
FITB
Rounding Differences
Other Debtors
GST/VAT/GET Rec Clearing
Employee Loans
FX Unrealised Gain
Stock-Raw Materials FIJI
FX Realised Gain
Prov-FNTC
Growers Control
FX Unrealised Loss
Deposits Paid
FX Realised Loss
Supplier Payment in Prog
GST/VAT/GET Receivable
Clr-Payroll
Clr-Employ Super/Pension
Trade Creditors-FXRevExt
Trade Creditors-FXRevInt
Trade Debtors-FX Rev Ext
Clr-PAYG
Stock-Fuel
Stock-Inv Trf Clearing
Accr-Light & Power
Clr-CutLadies
Clr-Insurance Deductions
Clr-Housing Deductions
Clr-Union Fees
Prov-Annual/Vac Leave
Prov-SickPay
Stock-WIP FIJI
Stock-SemiProc SyrupFIJI
Acc Dep - Buildings
Prov-Inv Writedown
Ret Earnings Prior Year
Chemicals
Servicing Supplies
Motor Vehicle
Repairs&Maintenance
Professional Fees
Repairs&Maintenance
Training & Development
Safety Equipment
Rates-General
Repairs&Maintenance
Var-Material Rate
Sundry Expenses
Var-Material Rate
Audit Fees
Uniforms
Equipment Rentals
Clean&Sanitary Material
Donations & Sponsorships
Stationery&Office
Cleaning
Quality & Micro Testing
Motor Vehicle
Var-Material Rate
Fuel
Forklift Hire
Motor Vehicle
Rent
Pest Control
Rates-Water
Licence Fees
Waste Disposal
Sal&Wages-Annual Leave
Sal&Wages-Sick Leave
Sal&Wages-Employ Taxes
Sal&Wages-Super/Pension
Var-Labour Rate
Sal&Wages-Permenant
Sal&Wages-Permenant
Sal&Wages-Casual
Var-Material Rate
Labour-Absorbed
Var-Material Usage
OHead Recovery-Variable
OHead Recovery-Fixed
Var-Material Usage
Var-Loss/Gain
Var-Material Usage
Var-Material Usage
Var-Material Usage
Light & Power
Var-Material Usage
COS-Stocktakes&WriteOffs
Depreciation
COS-Stocktakes&WriteOffs
Repairs&Maintenance
Travel-Accomm/Meals
Freight Outward
COS-External
Sales-External
Sundry Expenses
Sales Disc-Other
Freight Outward
Freight Outward
Sales-Internal
Commissions
Freight Outward
COS-Internal
Freight Outward
Freight Outward
Sundry Expenses
Freight Outward
Sales-External
COS-External
Commissions
Freight Outward
Sales-External
COS-External
Freight Outward
Sales-External
Freight Outward
Freight Outward
COS-External
Sales-External
COS-External
Freight Outward
Freight Outward
Sundry Expenses
Sales-External
COS-External
Postage
Telecommunication Exp
Security Service
Sal&Wages-Permenant
Depreciation
Insurance
Stationery&Office
Sal&Wages-TEC Motor Veh
Entertainment
Donations & Sponsorships
#N/A
Sundry Expenses
Bank Charges
Fringe Benefits Tax
Subscription&Memberships
Accounting & Tax
Interest-Bank Loans
Sal&Wages-Permenant
Audit Fees
Loss-Disposal FA
Sundry Income
0.00
Reconciled to Financials NPBT
Variance
P&L
(2,413.08)
(12,643.18)
(4,069.94)
223,118.67
23,269.51
227,261.98
to Financials NPBT (227,261.98)
(0.00)
FIXED ASSETS AND DEPRECIATION SCHEDULE - ACCOUNTING
CC PARTICULARS ACQ DATE W.D.V. ORIGINAL ADDITION DISPOSALS TOTAL DEP'N ACC DEP'N 2019/2020 DEP'N ACC DEP'N W.D.V.
30-06-19 COST COST RATE 30-06-19 12 DISPOSAL 30-06-20 30-06-20
350 FRESPAC ASSETS
INTAKE
1 ELECTRONIC SCALE (PLATFORM) 13-Jul-98 (0.00) 8,539.68 8,539.68 15% 8,539.68 - 8,539.68 (0.00)
1 ONLY 3 PHASE CONVEYER MOTOR 30-Jul-01 (0.00) 1,000.00 1,000.00 25% 1,000.00 - 1,000.00 (0.00)
CAPITAL WORKS - 2002 GINGER STORAGE SITE 1-Jan-02 0.00 48,599.63 48,599.63 33% 48,599.63 - 48,599.63 0.00
1 ONLY MODEL L130 DIGITAL INDICATOR SYSTEM FOR PLATFORM 1-Mar-02 (0.00) 1,108.33 1,108.33 25% 1,108.33 - 1,108.33 (0.00)
2 NEW GINGER WASHING MACHINES 28-Nov-02 - 6,322.70 6,322.70 25% 6,322.70 - 6,322.70 -
POOL YARD UPGRADE - 2006 1-Mar-06 0.00 17,786.66 17,786.66 33% 17,786.66 - 17,786.66 0.00
GINGER WASHING PLANT - EX BUDERIM 31-Dec-10 (0.00) 50,615.71 50,615.71 15% 50,615.71 - 50,615.71 (0.00)
NEW POOL PARK - LTC 30-Jun-14 53,921.86 227,039.42 227,039.42 - 15% 173,117.56 17,027.96 190,145.51 0.00 (0.00)
3 TON SCALE (CAS A12SS/V8SS-1 SN: CS200623) 4-Mar-15 1,193.27 3,409.35 3,409.35 15% 2,216.08 511.40 2,727.48 681.87
POOL YARD UPGRADE - RIL SITE 1-Jan-20 36,209.17 36,209.17 15% - 2,263.07 2,263.07 33,946.10
55,115 364,421 36,209 227,039 173,591 309,306 19,802 190,146 138,963 34,628
DRYING
3 WIRE SKIPS 11-Aug-03 0.00 3,659.43 3,659.43 25% 3,659.43 - 3,659.43 0.00
1 MOISTURE ANALYSER - SARTORIUS MA 45 28-Oct-03 - 4,999.38 4,999.38 15% 4,999.38 - 4,999.38 -
DEXTRON HEATSHRINK BAR SEALER 1-Nov-03 - 2,105.33 2,105.33 20% 2,105.33 2,105.33 -
ISHIDA 30KG SCALE SN 06120889 4-Jun-04 (0.00) 800.00 800.00 15% 800.00 - 800.00 (0.00)
(0) 11,564 - - 11,564 11,564 - - 11,564 (0)
BRINING
10 CONCRETE PITS FOR BRINING 31-Dec-97 0.00 69,190.59 69,190.59 15% 69,190.59 - 69,190.59 0.00
3 ONLY PUMP JABSCO S/S 415V 1.5KW MOTOR 1-Sep-00 0.00 11,110.44 11,110.44 25% 11,110.44 - 11,110.44 0.00
1 ELECTRONIC SCALE (PLATFORM) 24-Aug-05 0.00 7,733.33 7,733.33 15% 7,733.33 - 7,733.33 0.00
100 GREEN CRATES 1-Sep-11 - 2,660.87 2,660.87 25% 2,660.87 - 2,660.87 -
6 MEGA BINS GREY - MARCO POLO 29-Feb-12 0.00 3,138.22 3,138.22 25% 3,138.22 - 3,138.22 -
50 GREEN CRATES 14-May-12 - 1,115.20 1,115.20 25% 1,115.20 - 1,115.20 -
BRINE CIRCULATION PROJECT 1-May-13 19,698.12 262,641.54 262,641.54 15% 242,943.42 19,698.11 262,641.54 0.00
35 DRICLAD POOLS 28-Feb-14 (0.00) 184,706.72 184,706.72 33% 184,706.72 - 184,706.72 (0.00)
30 BLUE PLASTIC BINS 31-Mar-14 - 22,957.66 22,957.66 25% 22,957.66 - 22,957.66 -
36 BLUE MEGA BINS WITH FRESPAC LOGO 1-Jul-15 - 22,702.75 22,702.75 25% 22,702.75 - 22,702.75 -
15 DRICLAD POOLS 31-Mar-16 0.00 69,233.78 69,233.78 33% 69,233.78 - 69,233.78 0.0
12 BLUE PLASTIC BINS 31-Dec-16 4,261.85 11,364.94 11,364.94 25% 7,103.09 2,841.24 9,944.32 1,420.62
25 POOL WALLS ONLY 31-Jan-19 17,530.26 20,324.94 20,324.94 33% 2,794.68 6,707.23 9,501.91 10,823.03
25 POOL LINERS ONLY 31-Jan-19 15,845.69 18,371.82 18,371.82 33% 2,526.13 6,062.70 8,588.83 9,782.99
15 DRICLAD POOLS 30-Mar-20 114,993.53 114,993.53 33% - 9,486.97 9,486.97 105,506.56
57,336 707,253 114,994 - 822,246 649,917 44,796 - 694,713 127,533
CUTTING & SORTING

GRADING MACHINE 1-Apr-09 (0.00) 29,430.00 29,430.00 15% 29,430.00 - 29,430.00 (0.00)
100 WHITE ROUND BUCKETS 30-May-12 0.00 850.00 850.00 25% 850.00 - 850.00 0.00
3 FANTECH COMPACT COOLER CCE564 10-May-13 0.00 10,265.69 10,265.69 33% 10,265.69 - 10,265.69 0.00
2 FANTECH COMPACT COOLER CCE564 3-Jul-13 0.00 5,049.78 5,049.78 33% 5,049.78 - 5,049.78 0.00
GRADING MACHINE DRUM 1-Oct-13 7,807.16 56,779.34 56,779.34 15% 48,972.18 7,807.16 56,779.34 (0.00)
7,807 102,375 - - 102,375 94,568 7,807 - 102,375 (0)
SYRUPING
10 STAINLESS STEEL TANKS 1-Jan-95 - 30,000.00 30,000.00 15% 30,000.00 - 30,000.00 -
2 D TANKS 1-Jan-95 - 1,050.00 1,050.00 15% 1,050.00 - 1,050.00 -
2 S/LESS STEEL TANK WITH STIRRERS 1-Jan-95 - 15,869.00 15,869.00 15% 15,869.00 - 15,869.00 -
PUMPS & HOSES 1-Jan-95 - 13,146.00 13,146.00 15% 13,146.00 - 13,146.00 -
STEAM JACTED PANS 1-Jan-95 0.00 3,470.73 3,470.73 15% 3,470.73 - 3,470.73 0.00
STRAPPING MACHINE 1-Jan-95 - 853.00 853.00 15% 853.00 - 853.00 -
STRAINERS 5-Feb-96 - 700.00 700.00 15% 700.00 - 700.00 -
5 STAINLESS STEEL TANKS 1-Jan-97 0.00 25,093.45 25,093.45 15% 25,093.45 - 25,093.45 0.00
30 PLASTIC CRATES 19-May-98 (0.00) 7,162.18 7,162.18 25% 7,162.18 - 7,162.18 (0.00)
EXHAUST OUTLET 17-Jul-98 (0.00) 612.90 612.90 25% 612.90 - 612.90 (0.00)
2 BALL VALVES FOR LEACHING TANKS 1-Oct-98 0.00 490.90 490.90 15% 490.90 - 490.90 0.00
4 S/LESS FILTER TRAYS 29-Oct-98 - 1,760.00 1,760.00 15% 1,760.00 - 1,760.00 -
BOILING TANK WITH STEAM COIL 26-Jan-96 (0.00) 2,590.62 2,590.62 15% 2,590.62 - 2,590.62 (0.00)
V/ PUMPS, ELEVATORS, VIBRATORS 1-Aug-99 0.00 29,106.29 29,106.29 15% 29,106.29 - 29,106.29 0.00
SYRUP VENTILATION 29-Dec-99 (0.00) 6,234.51 6,234.51 15% 6,234.51 - 6,234.51 (0.00)
SYRUP RECIRCULATION 29-Dec-99 0.00 6,736.64 6,736.64 15% 6,736.64 - 6,736.64 0.00
CAPITAL WORKS 29-Dec-99 0.00 34,625.52 34,625.52 15% 34,625.52 - 34,625.52 0.00
3 S/LESS STEEL TANK WITH STIRRERS 30-Apr-99 0.00 7,386.69 7,386.69 15% 7,386.69 - 7,386.69 0.00
VACUUM DRUM FILLER - 1 (EX-BUDERIM) 10-Jan-00 0.00 157,632.42 157,632.42 15% 157,632.42 - 157,632.42 0.00
240 PAILS WITH LIDS - (BGL) 15-Sep-01 0.00 1,384.19 1,384.19 25% 1,384.19 - 1,384.19 0.00
SYRUP MIXERS - LIGHTNIN MIXERS PTY LTD 1-Sep-01 - 6,309.45 6,309.45 25% 6,309.45 - 6,309.45 -
WATER HEATER & EXCESSORIES 15-Oct-01 0.00 890.66 890.66 25% 890.66 - 890.66 0.00
CLEAR WATER HOSE 16-Oct-01 (0.00) 742.44 742.44 25% 742.44 - 742.44 (0.00)
FLASH EVAPORATION & SYRUP STEAM LINE PROJECT CAPITAL W 31-Dec-02 - 150,497.32 150,497.32 15% 150,497.32 - 150,497.32 -
SYRUP TANK BASE STANDS (15 ONLY) 17-Jan-03 - 1,800.00 1,800.00 25% 1,800.00 - 1,800.00 -
SYRUP FILTERING SYSTEM 31-Mar-04 0.00 34,466.97 34,466.97 15% 34,466.97 - 34,466.97 0.00
HOT WATER CONTROL & TANK INSULATION 1-Aug-05 - 7,766.63 7,766.63 25% 7,766.63 - 7,766.63 -
480 SPACE SAVER PAILS 1-Nov-05 - 4,998.04 4,998.04 25% 4,998.04 - 4,998.04 -
960 SPACE SAVER PAILS 5-Jan-06 0.00 9,994.53 9,994.53 25% 9,994.53 - 9,994.53 0.00
VDF METAL DETECTOR 1-Sep-07 - 23,329.42 23,329.42 15% 23,329.42 - 23,329.42 -
HEAT RESISTANT SUCTION HOSE FOOD GRADE 5-Dec-07 - 1,466.67 1,466.67 25% 1,466.67 - 1,466.67 -
FOOD GRADE (BREWERS) HOSE 22-Oct-09 0.00 4,116.89 4,116.89 25% 4,116.89 - 4,116.89 -
FOOD GRADE (BREWERS) HOSE 23-May-11 0.00 3,847.83 3,847.83 25% 3,847.83 - 3,847.83 -
HOT WATER TANK 1-Nov-11 0.00 15,325.23 15,325.23 15% 15,325.23 - 15,325.23 -
2 PLATE AND 1 EARTH MAGNETS 30-Nov-12 442.12 35,369.83 35,369.83 15% 34,927.71 442.12 35,369.83 0.00
APEX 300 550X150MM DROP THROUGH METAL DETECTOR 1-May-13 2,017.32 26,897.64 26,897.64 15% 24,880.32 2,017.32 26,897.64 -
EXHAUST FANS 1-Oct-13 8,759.31 63,704.08 63,704.08 15% 54,944.77 8,759.31 63,704.08 -
4 SYRUP MIXERS 30-Jun-14 42,768.61 180,078.36 180,078.36 15% 137,309.75 27,011.75 164,321.50 15,756.86
HYDRUM LIFTER 30-Jun-18 16,001.99 18,825.87 18,825.87 15% 2,823.88 2,823.88 5,647.76 13,178.11
8 SQUARE PLASTIC SOLID MEGABINS WHITE 30-Apr-20 - - 7,478.33 7,478.33 25% - 311.60 311.60 7,166.73
69,989 936,333 7,478 - 943,811 866,344 41,366 - 907,710 36,102
SMALL DICING
1 DICER & 1 SLICER FOR GINGER 25-May-97 (0.00) 37,466.47 37,466.47 15% 37,466.47 - 37,466.47 (0.00)
DICING MACHINERY - EX BUDERIM 1-Aug-05 - 47,713.99 47,713.99 15% 47,713.99 - 47,713.99 -
METAL DETECTOR 1-Oct-06 - 35,335.47 35,335.47 15% 35,335.47 - 35,335.47 -
STEFAN BOWL CUTTER 1-Sep-06 - 1,002.85 1,002.85 15% 1,002.85 - 1,002.85 -
(0) 121,519 - - 121,519 121,519 - - 121,519 (0)
CRYSTALLISING
ENROBBING MACHINE 1-Jan-95 0.00 5,988.89 5,988.89 15% 5,988.89 - 5,988.89 0.00
STORAGE PAILS (2200) 1-Jan-97 - 16,921.40 16,921.40 25% 16,921.40 - 16,921.40 -
STORAGE PAILS (200) 24-Apr-98 0.00 5,287.36 5,287.36 25% 5,287.36 - 5,287.36 0.00
CONVEYER SYSTEM - (EX-BUDERIM) 1-Sep-98 0.00 30,985.88 30,985.88 15% 30,985.88 - 30,985.88 0.00
1 ELECTRONIC SCALE AND FS-6KA SN 200235 1-Oct-98 - 900.00 900.00 15% 900.00 - 900.00 -
PORTABLE MIXER - (EX-BUDERIM) 29-Dec-99 (0.00) 18,600.29 18,600.29 15% 18,600.29 - 18,600.29 (0.00)
300 PLASTIC FOOD TRAYS - VISCOUNT PLASTICS 1-Aug-06 (0.00) 10,364.61 10,364.61 15% 10,364.61 - 10,364.61 (0.00)
300 PLASTIC FOOD TRAYS - STOWERS 1-Jun-16 8,567.29 15,939.14 15,939.14 15% 7,371.85 2,390.87 9,762.72 6,176.42
24000 LRL AIRCONDITIONING UNIT - RECEIVING ROOM 1-May-18 1,427.82 1,862.38 1,862.38 20% 434.56 372.48 807.03 1,055.35
9,995 106,850 - - 106,850 96,855 2,763 - 99,618 7,232
PACKED CRYSTALLISED
DRYING ROOM SHELVES 5-Mar-96 (0.00) 1,325.72 1,325.72 15% 1,325.72 - 1,325.72 (0.00)
1 CONVEYOR TABLE 14-Oct-97 - 422.60 422.60 15% 422.60 - 422.60 -
ALCAIR FACTORY AIRCONDITIONER - (EX-BUDERIM) 12-Jun-99 (0.00) 198,659.63 198,659.63 15% 198,659.63 - 198,659.63 (0.00)
HEATERS & CONTROLS FOR DRYER - (EX-BUD) 10-Jan-00 0.00 12,811.75 12,811.75 15% 12,811.74 - 12,811.74 0.00
DRYING ROOM RACKS 1-Sep-99 0.00 1,367.05 1,367.05 15% 1,367.05 - 1,367.05 0.00
MACHINERY PARTS FROM BUDERIM-INV 166147 25-Jun-01 - 17,859.35 17,859.35 15% 17,859.35 - 17,859.35 -
UPGRADING OF FACTORY AIRCONDITIONER - (EX-BUDERIM) 1-Mar-02 - 46,562.84 46,562.84 15% 46,562.84 - 46,562.84 -
METAL DETECTOR 1-Aug-06 - 19,153.85 19,153.85 15% 19,153.85 - 19,153.85 -
METAL DETECTOR APEX500 MODEL 1-Sep-11 0.00 31,928.90 31,928.90 15% 31,928.90 - 31,928.90 0.00
(0) 330,092 - - 330,092 330,092 - - 330,092 (0)
RETAIL
PICKLING MACHINERY PARTS - (EX-BUDERIM) 14-Jan-00 (0.00) 70,236.23 70,236.23 15% 70,236.23 - 70,236.23 (0.00)
PICKLE PROJECT - MECHANICAL 10-Feb-00 - 4,301.21 4,301.21 15% 4,301.21 - 4,301.21 -
PICKLE PROJECT - ELECTRICAL 10-Feb-00 - 13,423.78 13,423.78 15% 13,423.78 - 13,423.78 -
PICKLE LINE EQUIPMENT 1-May-00 0.00 18,222.38 18,222.38 15% 18,222.38 - 18,222.38 0.00
FRESPAC CAPITAL WORKS - (EX-BUDERIM) 30-Jun-00 - 92,423.59 92,423.59 15% 92,423.59 - 92,423.59 -
CAPITAL WORKS - PROJECT 23 (PICKLE) 1-Sep-00 - 2,767.43 2,767.43 15% 2,767.43 - 2,767.43 -
1 SCALE-ISHIDA MTX 30W SERIAL NO. 7113347 1-Jul-01 - 3,032.41 3,032.41 15% 3,032.41 - 3,032.41 -
1 ONLY D-TANK 1-Jun-03 - 320.00 320.00 15% 320.00 - 320.00 -
(0) 204,727 - - 204,727 204,727 - - 204,727 (0)
MAINTENANCE
1 ONLY 16' X 16' ALUMINIUM LADDER 6-Jun-03 0.00 577.77 577.77 25% 577.77 - 577.77 0.00
DURALLOY 230AMP ARC WELDER 1-Jul-06 0.00 1,533.33 1,533.33 15% 1,533.33 - 1,533.33 -
MAKITA JIGSAW 23-Oct-12 0.00 626.08 626.08 25% 626.08 - 626.08 -
BOSCH PERCUSSION DRILL GSB19-2RE 11-May-15 195.66 521.76 521.76 15% 326.10 78.26 404.36 117.40
WELDSKILL 200HF WELDER & WELDING HELMET 26-Sep-16 1,232.13 2,097.25 2,097.25 15% 865.12 314.59 1,179.70 917.55
HP NB 250 G5 INTEL CORE I5 LAPTOP 1-Feb-17 723.31 1,399.96 1,399.96 20% 676.65 279.99 956.64 443.32
2,151 6,756 - - 6,756 4,605 673 - 5,278 1,478
LAND & BUILDINGS

GINGER FACTORY (BUILDINGS) 1-Aug-99 1,704.37 1,059,050.00 1,059,050.00 5% 1,057,345.63 1,704.37 1,059,050.00 -
GINGER FACTORY (LAND) 1-Aug-99 1,710,000.00 1,710,000.00 690,000.00 2,400,000.00 0% - - - 2,400,000.00
PICKLE SHED 6-Sep-99 2,058.87 117,820.99 117,820.99 5% 115,762.12 2,058.87 117,820.99 0.00
FACTORY UPGRADING 31-Mar-99 723.93 340,504.97 340,504.97 5% 339,781.04 723.93 340,504.97 0.00
FACTORY UPGRADING - BRINING SECTION 1-Jan-02 6,879.74 55,037.91 55,037.91 5% 48,158.17 2,751.90 50,910.07 4,127.84
33 NEW TUBE LIGHTS WITH COVERS IN BRINING SHED 31-Dec-02 (0.00) 4,498.18 4,498.18 25% 4,498.18 - 4,498.18 (0.00)
FACTORY UPGRADING - BRINING, SYRUPPING, CRYSTALLISING & P 1-Jan-03 - 46,418.62 46,418.62 15% 46,418.62 - 46,418.62 -
15 NEW TUBE LIGHTS WITH COVERS IN WAREHOUSE 1 & 2 1-Apr-04 (0.00) 1,091.56 1,091.56 25% 1,091.56 - 1,091.56 (0.00)
LADIES CHANGE ROOM 1-Oct-06 - 15,229.89 15,229.89 15% 15,229.89 - 15,229.89 -
7 SECURITY LIGHTS 1-Sep-06 - 1,725.80 1,725.80 25% 1,725.80 - 1,725.80 -
SYRUPING HALL UPGRADE 1-Feb-07 - 40,640.84 40,640.84 25% 40,640.84 - 40,640.84 -
FACTORY UPGRADE - BRINING ROOF, WAREHOUSE & SECURITY H 1-Mar-08 (0.00) 15,469.30 15,469.30 15% 15,469.30 - 15,469.30 -
FACTORY UPGRADE - BRINING BUILDING 1-Dec-08 - 70,741.93 70,741.93 15% 70,741.93 - 70,741.93 -
HIDAY LIGHTS - CUTTING DEPARTMENT 17-Jan-12 (0.00) 5,521.67 5,521.67 25% 5,521.67 - 5,521.67 -
ROLLER DOORS 1-Jan-14 24,399.80 139,427.40 139,427.40 15% 115,027.61 20,914.11 135,941.72 3,485.68
BRINE BUILDING CEILING UPGRADE 29-Aug-14 79,692.95 105,089.60 105,089.60 5% 25,396.65 5,254.48 30,651.13 74,438.47
BRINE FLOOR UPGRADE 31-Jan-18 70,103.92 75,448.17 75,448.17 5% 5,344.25 3,772.41 9,116.65 66,331.52
SYRUPING HALL FLOOR UPGRADE 31-Jan-18 188,063.33 202,400.00 202,400.00 5% 14,336.67 10,120.00 24,456.67 177,943.33
2,083,627 4,006,117 690,000 - 4,696,117 1,922,490 47,300 - 1,969,790 2,726,327
FACTORY OVERHEADS
SHIPPING CONTAINER FOR STORAGE 3-Mar-97 (0.00) 1,875.42 1,875.42 15% 1,875.42 - 1,875.42 (0.00)
ALUMINIUM LADDER 28-Apr-97 - 389.55 389.55 15% 389.55 - 389.55 -
NEW WATER SUPPLY METER 1-Dec-97 0.00 4,245.00 4,245.00 15% 4,245.00 - 4,245.00 0.00
OFFICE FURNITURE (CHAIRS & TABLES) 27-Aug-99 (0.00) 1,861.28 1,861.28 15% 1,861.28 - 1,861.28 (0.00)
1 FORKLIFT RAMP 29-Sep-99 0.00 760.91 760.91 15% 760.91 - 760.91 0.00
FIRE EXTINGUISHERS 31-May-00 - 4,071.14 4,071.14 15% 4,071.14 - 4,071.14 -
240V SIREN 15-May-00 - 563.63 563.63 15% 563.63 - 563.63 -
FIRE HOSE REEL 1-Jul-00 - 1,336.36 1,336.36 25% 1,336.36 - 1,336.36 -
WOODEN LOCKERS, RECEPTION PARTITION & BENCHES 11-Feb-03 (0.00) 6,494.75 6,494.75 25% 6,494.75 - 6,494.75 (0.00)
STAINLESS STEEL WATER LINE 1-Aug-05 - 81,907.46 81,907.46 15% 81,907.46 - 81,907.46 -
KANA ROOM TABLES & BENCHES 1-Mar-08 0.00 4,048.89 4,048.89 20% 4,048.89 - 4,048.89 -
AUTOMATIC HAND DRYERS - 3 1-Jun-08 - 2,640.00 2,640.00 25% 2,640.00 - 2,640.00 -
9000 BTU DAIKIN SPLIT SYSTEM AIR CONDITIONER - PM OFFICE. 19-Mar-10 - 1,404.45 1,404.45 20% 1,404.45 - 1,404.45 -
ELECTRICAL POWER FACTOR UNIT 1-Oct-10 0.00 18,129.96 18,129.96 15% 18,129.96 - 18,129.96 -
10,000L WATER TANK 5-Apr-11 0.00 1,652.17 1,652.17 15% 1,652.17 - 1,652.17 -
AVERY SCALE 3205 500KG SN 75570 1-Jun-11 - 1,511.30 1,511.30 15% 1,511.30 - 1,511.30 -
WAREHOUSE RACKING 31-Dec-11 4,641.03 18,564.13 18,564.13 10% 13,923.10 1,856.41 15,779.51 2,784.62
CAS ER-PLUS SCALE 15/30KG SN 110542106 7-May-12 0.00 860.87 860.87 15% 860.87 - 860.87 -
10 PLASTIC SHOVELS 1-Aug-12 - 3,484.45 3,484.45 20% 3,484.45 - 3,484.45 -
CAS ER-PLUS SCALE 15/30KG SN 130453470 4-Jul-13 71.30 713.04 713.04 15% 641.74 71.30 713.04 -
10,000L WATER TANK 23-Sep-14 585.63 2,036.96 2,036.96 15% 1,451.33 305.54 1,756.88 280.08
K6 200 WATER BLASTER KARCHER 7-Feb-17 616.21 1,192.66 1,192.66 20% 576.45 238.53 814.98 377.68
2 SCALES UWE ASEP MN ASEP-30 SN ASEP-C5728/C5706 21-Feb-17 930.27 1,431.19 1,431.19 15% 500.92 214.68 715.60 715.60
STIHL WATER BLASTER MODEL RE119 14-Jun-18 711.20 898.36 898.36 20% 187.16 179.67 366.83 531.53
FIRE ALARM SYSTEM 17-Jun-19 22,568.80 22,568.80 22,568.80 15% - 3,385.32 3,385.32 19,183.48
CCTV CAMERA SYSTEM 13-Jun-19 11,807.34 11,807.34 11,807.34 15% - 1,771.10 1,771.10 10,036.24
41,932 196,450 - - 196,450 154,518 8,023 - 162,541 33,909
QUALITY CONTROL
LAB EQUIPMENTS 1-Jan-95 0.00 4,394.21 4,394.21 15% 4,394.21 - 4,394.21 0.00
MICROLAB 27-Nov-98 (0.00) 5,614.17 5,614.17 15% 5,614.17 - 5,614.17 (0.00)
LAB EQUIPMENTS 23-Mar-99 (0.00) 16,704.48 16,704.48 15% 16,704.48 - 16,704.48 (0.00)
REFRACTORMETER DIGITAL RFM130 1-Jun-00 - 10,315.48 10,315.48 15% 10,315.48 - 10,315.48 -
HOTPLATE GLASS CERAMIC 160x160mm PLATE 26-Nov-01 - 760.04 760.04 15% 760.04 - 760.04 -
1 ONLY DIGITAL SCALE - SARTORIUS BL1500 SN 15307718 28-Oct-03 - 968.82 968.82 15% 968.82 - 968.82 -
PH METER - SERIAL NO.: 07257 29-Dec-06 - 1,552.84 1,552.84 15% 1,552.84 - 1,552.84 -
2 ONLY DAIKIN SPLIT SYSTEM AIR CONDITIONER 30-Sep-08 0.00 2,222.22 2,222.22 - 20% 2,222.22 - 2,222.22 - -
WATER CASCADE, MOISTURE ANALYSER, REFRACTOMETER, PH ME 31-Mar-13 1,910.59 30,569.43 30,569.43 15% 28,658.84 1,910.59 30,569.43 -
ACCUPOINT HYGIENE MONITOR - SN AP2-3267-M 1-May-13 448.32 5,977.60 5,977.60 15% 5,529.28 448.32 5,977.60 -
BALANCE, OHAUS MOISTURE ANALYSER MB90 SN. 31-Oct-17 3,114.63 5,339.36 5,339.36 25% 2,224.73 1,334.84 3,559.57 1,779.79
VIBRA AJ3200CE ANALYTICAL BALANCE SN:171067016 17-May-18 1,271.02 1,743.12 1,743.12 25% 472.09 435.78 907.88 835.24
1x9000BTU LRL AIR CONDITIONER - WAREHOUSE OFFICE 31-Jul-19 - - 917.43 917.43 20% - 168.20 168.20 749.23
1x12000BTU LRL AIR CONDITIONER - LAB 16-Jan-20 - - 1,055.05 1,055.05 20% - 87.92 87.92 967.13
6,745 86,162 1,972 2,222 85,912 79,417 4,386 2,222 81,581 4,331
BOILER
BOILER CHEM FEED PUMP 1-Jan-95 - 1,000.00 1,000.00 15% 1,000.00 - 1,000.00 -
BOILER CHIMNEY (BIG) 1-Jan-95 - 2,655.00 2,655.00 15% 2,655.00 - 2,655.00 -
BOILER WATER TANK 1-Jan-95 - 1,000.00 1,000.00 15% 1,000.00 - 1,000.00 -
STEAM LINE 1-Jan-95 - 975.00 975.00 15% 975.00 - 975.00 -
BOILER CHIMNEY (SMALL) 15-Jul-97 - 450.00 450.00 15% 450.00 - 450.00 -
ADDITIONAL STEAM PIPE 13-May-98 (0.00) 733.64 733.64 15% 733.64 - 733.64 (0.00)
BOILER COMPRESSOR 31-Mar-99 - 5,245.00 5,245.00 15% 5,245.00 - 5,245.00 -
BOILER ROOM 12-Feb-99 - 27,272.73 27,272.73 5% 27,272.73 - 27,272.73 0.00
BOILERLAND STEAM FIRED BOILER (EX-BUDERIM) 1-May-99 0.00 127,837.24 127,837.24 15% 127,837.24 - 127,837.24 0.00
STEAM LINE 1-Jan-99 (0.00) 52,298.22 52,298.22 15% 52,298.22 - 52,298.22 (0.00)
STEAM GATE VALVE 7-Jul-00 (0.00) 1,122.72 1,122.72 15% 1,122.72 - 1,122.72 (0.00)
BOILER UPGRADE - LIMITED ATTENDANCE 1-Feb-07 0.00 38,300.52 38,300.52 15% 38,300.52 - 38,300.52 -
BOILER COMPRESSOR 3-Feb-11 - 5,267.81 5,267.81 15% 5,267.81 5,267.81 -
(0) 264,158 - - 264,158 264,158 - - 264,158 0
740
OFFICE PARTITION - ACCOUNTS OFFICE 23-Jan-98 (0.00) 374.70 374.70 20% 374.71 - 374.71 (0.00)
2 DESKS 26-Feb-98 (0.00) 372.27 372.27 20% 372.27 - 372.27 (0.00)
1 ONLY RETURN TABLE - ACCOUNTANT 29-Oct-99 (0.00) 254.55 254.55 20% 254.56 - 254.56 (0.00)
FILING CABINET 2-Mar-01 - 270.90 270.90 20% 270.90 - 270.90 -
MYOB PREMIER ACCOUNTING SOFTWARE 1-Sep-00 - 3,181.82 3,181.82 25% 3,181.82 - 3,181.82 -
COMPUTER SERVER ROOM 24-Jul-03 - 698.07 698.07 20% 698.07 - 698.07 -
WESTINGHOUSE FRIDGE/FREEZER 11-May-04 0.00 959.11 959.11 20% 959.11 - 959.11 0.00
18000 BTU DAIKIN SPLIT SYSTEM AIR CONDITIONER - BOARD ROOM 31-Jan-06 (0.00) 1,644.44 1,644.44 20% 1,644.44 - 1,644.44 -
18000 BTU DAIKIN SPLIT SYSTEM AIR CONDITIONER - MICRO LAB 31-Jan-06 - 1,733.33 1,733.33 20% 1,733.33 - 1,733.33 -
OFFICE FURNITURE - TABLES, CHAIRS, SHELVES & LOCKERS 20-Apr-06 (0.00) 1,546.66 1,546.66 20% 1,546.66 - 1,546.66 -
OLYMPUS DIGITAL CAMERA FE-270 26-Nov-07 - 344.89 344.89 20% 344.89 - 344.89 -
WORLD AUTOMATIC HAND DRYER 1-Jul-09 - 782.22 782.22 20% 782.22 - 782.22 -
BROTHER FAX 2820 1-May-10 - 467.56 467.56 20% 467.56 - 467.56 -
KONICA MINOLTA BIZHUB 211 COPIER 1-Jul-10 (0.00) 5,942.22 5,942.22 20% 5,942.22 - 5,942.22 (0.00)
LENOVO DESKTOP COMPUTER - ARMILA 28-Feb-11 (0.00) 1,695.65 1,695.65 - 20% 1,695.65 - 1,695.65 - -
LENOVO DESKTOP COMPUTER - PRANEEL SEN 28-Feb-11 (0.00) 1,695.65 1,695.65 - 20% 1,695.65 - 1,695.65 - -
HP COMPUTER - LAW FOOK 1-May-11 (0.00) 1,903.48 1,903.48 20% 1,903.48 - 1,903.48 -
MOTOR VEHICLE - KIA SPORTAGE 18-Oct-11 (0.00) 56,521.74 56,521.74 20% 56,521.74 - 56,521.74 -
HP COMPUTER - MOHINI 8-May-12 - 2,081.74 2,081.74 - 20% 2,081.74 - 2,081.74 - -
760 9000 BTU DAIKIN SPLIT SYSTEM AIR CONDITIONER - RECEPTION 1-Nov-13 - 1,126.09 1,126.09 20% 1,126.09 - 1,126.09 -
MOTOR VEHICLE - HYUNDAI SANTA FE 1-Nov-13 - 71,304.35 71,304.35 20% 71,304.35 - 71,304.35 -
HP 4300 PRO SFF DESKTOP COMPUTERS 16-Jan-14 - 5,608.70 1,869.57 3,739.13 20% 5,608.70 - 1,869.57 3,739.13 -
350 HP DESKTOP COMPUTER - RECEPTION 25-Apr-14 - 1,912.17 1,912.17 20% 1,912.17 - 1,912.17 -
HP PRODESK 600 SFF I5 DESKTOP COMPUTER - FINANACE OFFICE 30-Aug-16 715.60 1,651.39 1,651.39 20% 935.79 330.28 1,266.07 385.32
MOTOR VEHICLE - TOYOTA PRIUS HYBRID 26-May-17 10,331.15 17,710.55 17,710.55 20% 7,379.40 3,542.11 10,921.51 6,789.04
24000 LRL AIRCONDITIONING UNIT - FRONT OFFICE 31-Jan-18 1,071.71 1,495.41 1,495.41 20% 423.70 299.08 722.78 772.63
24000 LRL AIRCONDITIONING UNIT - FINANCE OFFICE 13-Apr-19 1,489.90 1,541.28 1,541.28 20% 51.38 308.26 359.63 1,181.65
HP 600 DESKTOP COMPUTER - PRANEEL SEN 9-Jul-19 2,466.05 2,466.05 20% - 452.11 452.11 2,013.94
HP PRODESK 600 SFF I5 DESKTOP COMPUTER - SALESH 26-May-20 2,330.28 2,330.28 20% - 38.84 38.84 2,291.44
HP PRODESK 600 SFF I5 DESKTOP COMPUTER - MATELITA 15-Jun-20 2,273.39 2,273.39 20% - - - 2,273.39
MA-300 BIOMETRIC DOOR ACCESS CONTROL UNIT 24-Jun-20 1,678.90 1,678.90 20% - - - 1,678.90
13,608 184,821 8,749 7,343 186,227 171,213 4,971 7,343 168,841 17,386
2,348,305 7,629,597 859,402 236,604 8,252,395 5,281,292 181,887 199,710 5,263,468 2,988,927
TFP ASSETS 1-Jul-99
SYRUPPING - 113,084 113,084 25% 113,084 - 113,084 -
- 113,084 - - 113,084 113,084 - - 113,084 -
TOTAL 2,348,305 7,742,681 859,402 236,604 8,365,479 5,394,376 181,887 199,710 5,376,553 2,988,927
-
-
PARTICULARS ACQ DATE W.D.V. ORIGINAL ADDITION DISPOSALS TOTAL DEP'N ACC DEP'N 2016/17 DEP'N ACC DEP'N W.D.V.
30-06-16 COST COST RATE 6/30/2016 12 DISPOSAL 6/30/2017 6/30/2017
350 FRESPAC ASSETS Page 24
INTAKE
1 ELECTRONIC SCALE (PLATFORM) 13-Jul-98 - 8,540 - - 8,540 15% 8,540 - - 8,540 -
1 ONLY 3 PHASE CONVEYER MOTOR 30-Jul-01 - 1,000 - - 1,000 25% 1,000 - - 1,000 -
CAPITAL WORKS - 2002 GINGER STORAGE SITE 1-Jan-02 - 48,600 - - 48,600 33% 48,600 - - 48,600 -
1 ONLY MODEL L130 DIGITAL INDICATOR SYSTEM FOR PLATFORM 1-Mar-02 - 1,108 - - 1,108 25% 1,108 - - 1,108 -
2 NEW GINGER WASHING MACHINES 28-Nov-02 - 6,323 - - 6,323 25% 6,323 - - 6,323 -
INTAKE PLATFORM UPGRADE 30-Apr-03 - 3,814 - 3,814 - 15% 3,814 - 3,814 - -
POOL YARD UPGRADE - 2006 1-Mar-06 - 17,787 - - 17,787 33% 17,787 - - 17,787 -
GINGER WASHING PLANT - EX BUDERIM 31-Dec-10 8,858 50,616 - - 50,616 15% 41,758 7,592 - 49,350 1,265
NEW POOL PARK 30-Jun-14 156,090 227,039 - - 227,039 15% 70,950 34,056 - 105,006 122,034
3 TON SCALE (CAS A12SS/V8SS-1 SN: CS200623) 4-Mar-15 2,727 3,409 - - 3,409 15% 682 511 - 1,193 2,216
167,675 368,235 - 3,814 364,421 200,561 42,160 3,814 238,906 125,515
DRYING
3 WIRE SKIPS 11-Aug-03 - 3,659 - - 3,659 25% 3,659 - - 3,659 -
1 MOISTURE ANALYSER - SARTORIUS MA 45 28-Oct-03 - 4,999 - - 4,999 15% 4,999 - - 4,999 -
DEXTRON HEATSHRINK BAR SEALER 1-Nov-03 - 2,105 - - 2,105 20% 2,105 - - 2,105 -
ISHIDA 30KG SCALE SN 06120889 4-Jun-04 - 800 - - 800 15% 800 - - 800 -
- 11,564 - - 11,564 11,564 - - 11,564 -
BRINING
10 CONCRETE PITS FOR BRINING 31-Dec-97 - 69,191 - - 69,191 15% 69,191 - - 69,191 -
3 ONLY PUMP JABSCO S/S 415V 1.5KW MOTOR 1-Sep-00 - 11,110 - - 11,110 25% 11,110 - - 11,110 -
1 ELECTRONIC SCALE (PLATFORM) 24-Aug-05 - 7,733 - - 7,733 15% 7,733 - - 7,733 -
100 GREEN CRATES 1-Sep-11 - 2,661 - - 2,661 25% 2,661 - - 2,661 -
30 ZODIAC POOLS 29-Feb-12 - 132,172 - - 132,172 33% 132,172 - - 132,172 -
6 MEGA BINS GREY - MARCO POLO 29-Feb-12 - 3,138 - - 3,138 25% 3,138 - - 3,138 -
50 GREEN CRATES 14-May-12 - 1,115 - - 1,115 25% 1,115 - - 1,115 -
BRINE CIRCULATION PROJECT 1-May-13 137,887 262,642 - - 262,642 15% 124,755 39,396 - 164,151 98,491
35 DRICLAD POOLS 28-Feb-14 41,047 184,707 - - 184,707 33% 143,659 41,047 - 184,707 -
30 BLUE PLASTIC BINS 31-Mar-14 10,044 22,958 - - 22,958 25% 12,914 5,739 - 18,653 4,305
36 BLUE MEGA BINS WITH FRESPAC LOGO 1-Jul-15 17,027 22,703 - - 22,703 25% 5,676 5,676 - 11,351 11,351
15 DRICLAD POOLS 31-Mar-16 63,464 69,234 - - 69,234 33% 5,769 23,078 - 28,847 40,387
12 BLUE PLASTIC BINS 31-Dec-16 - - 11,365 11,365 25% - 1,421 - 1,421 9,944
269,470 789,363 11,365 - 800,728 519,893 116,357 - 636,250 164,477
CUTTING & SORTING

GRADING MACHINE 1-Apr-09 - 29,430 - - 29,430 15% 29,430 - - 29,430 -
100 WHITE ROUND BUCKETS 30-May-12 - 850 - - 850 25% 850 - - 850 -
3 FANTECH COMPACT COOLER CCE564 10-May-13 - 10,266 - - 10,266 33% 10,266 - - 10,266 -
2 FANTECH COMPACT COOLER CCE564 3-Jul-13 - 5,050 - - 5,050 33% 5,050 - - 5,050 -
GRADING MACHINE DRUM 1-Oct-13 33,358 56,779 - - 56,779 15% 23,421 8,517 - 31,938 24,841
33,358 102,375 - - 102,375 69,017 8,517 - 77,534 24,841
SYRUPING
10 STAINLESS STEEL TANKS 1-Jan-95 - 30,000 - - 30,000 15% 30,000 - - 30,000 -
2 D TANKS 1-Jan-95 - 1,050 - - 1,050 15% 1,050 - - 1,050 -
2 S/LESS STEEL TANK WITH STIRRERS 1-Jan-95 - 15,869 - - 15,869 15% 15,869 - - 15,869 -
PUMPS & HOSES 1-Jan-95 - 13,146 - - 13,146 15% 13,146 - - 13,146 -
STEAM JACTED PANS 1-Jan-95 - 3,471 - - 3,471 15% 3,471 - - 3,471 -
STRAPPING MACHINE 1-Jan-95 - 853 - - 853 15% 853 - - 853 -
STRAINERS 5-Feb-96 - 700 - - 700 15% 700 - - 700 -
5 STAINLESS STEEL TANKS 1-Jan-97 - 25,093 - - 25,093 15% 25,093 - - 25,093 -
Page 25
30 PLASTIC CRATES 19-May-98 - 7,162 - - 7,162 25% 7,162 - - 7,162 -
EXHAUST OUTLET 17-Jul-98 - 613 - - 613 25% 613 - - 613 -
2 BALL VALVES FOR LEACHING TANKS 1-Oct-98 - 491 - - 491 15% 491 - - 491 -
4 S/LESS FILTER TRAYS 29-Oct-98 - 1,760 - - 1,760 15% 1,760 - - 1,760 -
BOILING TANK WITH STEAM COIL 26-Jan-96 - 2,591 - - 2,591 15% 2,591 - - 2,591 -
V/ PUMPS, ELEVATORS, VIBRATORS 1-Aug-99 - 29,106 - - 29,106 15% 29,106 - - 29,106 -
SYRUP VENTILATION 29-Dec-99 - 6,235 - - 6,235 15% 6,235 - - 6,235 -
SYRUP RECIRCULATION 29-Dec-99 - 6,737 - - 6,737 15% 6,737 - - 6,737 -
CAPITAL WORKS 29-Dec-99 - 34,626 - - 34,626 15% 34,626 - - 34,626 -
3 S/LESS STEEL TANK WITH STIRRERS 30-Apr-99 - 7,387 - - 7,387 15% 7,387 - - 7,387 -
VACUUM DRUM FILLER - 1 (EX-BUDERIM) 10-Jan-00 - 157,632 - - 157,632 15% 157,632 - - 157,632 -
240 PAILS WITH LIDS - (BGL) 15-Sep-01 - 1,384 - - 1,384 25% 1,384 - - 1,384 -
SYRUP MIXERS - LIGHTNIN MIXERS PTY LTD 1-Sep-01 - 6,309 - - 6,309 25% 6,309 - - 6,309 -
WATER HEATER & EXCESSORIES 15-Oct-01 - 891 - - 891 25% 891 - - 891 -
CLEAR WATER HOSE 16-Oct-01 - 742 - - 742 25% 742 - - 742 -
FLASH EVAPORATION & SYRUP STEAM LINE PROJECT CAPITAL W 31-Dec-02 - 150,497 - - 150,497 15% 150,497 - - 150,497 -
SYRUP TANK BASE STANDS (15 ONLY) 17-Jan-03 - 1,800 - - 1,800 25% 1,800 - - 1,800 -
SYRUP FILTERING SYSTEM 31-Mar-04 - 34,467 - - 34,467 15% 34,467 - - 34,467 -
HOT WATER CONTROL & TANK INSULATION 1-Aug-05 - 7,767 - - 7,767 25% 7,767 - - 7,767 -
480 SPACE SAVER PAILS 1-Nov-05 - 4,998 - - 4,998 25% 4,998 - - 4,998 -
960 SPACE SAVER PAILS 5-Jan-06 - 9,995 - - 9,995 25% 9,995 - - 9,995 -
VDF METAL DETECTOR 1-Sep-07 - 23,329 - - 23,329 15% 23,329 - - 23,329 -
HEAT RESISTANT SUCTION HOSE FOOD GRADE 5-Dec-07 - 1,467 - - 1,467 25% 1,467 - - 1,467 -
FOOD GRADE (BREWERS) HOSE 22-Oct-09 - 4,117 - - 4,117 25% 4,117 - - 4,117 -
FOOD GRADE (BREWERS) HOSE 23-May-11 - 3,848 - - 3,848 25% 3,848 - - 3,848 -
HOT WATER TANK 1-Nov-11 4,598 15,325 - - 15,325 15% 10,728 2,299 - 13,026 2,299
2 PLATE AND 1 EARTH MAGNETS 30-Nov-12 16,359 35,370 - - 35,370 15% 19,011 5,305 - 24,317 11,053
APEX 300 550X150MM DROP THROUGH METAL DETECTOR 1-May-13 14,121 26,898 - - 26,898 15% 12,776 4,035 - 16,811 10,087
EXHAUST FANS 1-Oct-13 37,426 63,704 - - 63,704 15% 26,278 9,556 - 35,834 27,871
4 SYRUP MIXERS 30-Jun-14 123,804 180,078 - - 180,078 15% 56,274 27,012 - 83,286 96,792
196,307 917,507 - - 917,507 721,200 48,206 - 769,406 148,101
SMALL DICING
1 DICER & 1 SLICER FOR GINGER 25-May-97 - 37,466 - - 37,466 15% 37,466 - - 37,466 (0)
DICING MACHINERY - EX BUDERIM 1-Aug-05 - 47,714 - - 47,714 15% 47,714 - - 47,714 -
METAL DETECTOR 1-Oct-06 - 35,335 - - 35,335 15% 35,335 - - 35,335 -
STEFAN BOWL CUTTER 1-Sep-06 - 1,003 - - 1,003 15% 1,003 - - 1,003 -
- 121,519 - - 121,519 121,519 - - 121,519 (0)
CRYSTALLISING
ENROBBING MACHINE 1-Jan-95 - 5,989 - - 5,989 15% 5,989 - - 5,989 0
STORAGE PAILS (2200) 1-Jan-97 - 16,921 - - 16,921 25% 16,921 - - 16,921 -
STORAGE PAILS (200) 24-Apr-98 - 5,287 - - 5,287 25% 5,287 - - 5,287 0
CONVEYER SYSTEM - (EX-BUDERIM) 1-Sep-98 - 30,986 - - 30,986 15% 30,986 - - 30,986 0
1 ELECTRONIC SCALE AND FS-6KA SN 200235 1-Oct-98 - 900 - - 900 15% 900 - - 900 -
PORTABLE MIXER - (EX-BUDERIM) 29-Dec-99 - 18,600 - - 18,600 15% 18,600 - - 18,600 (0)
300 PLASTIC FOOD TRAYS - VISCOUNT PLASTICS 1-Aug-06 - 10,365 - - 10,365 15% 10,365 - - 10,365 (0)
300 PLASTIC FOOD TRAYS - STOWERS 1-Jun-16 15,740 15,939 - - 15,939 15% 199 2,391 - 2,590 13,349
15,740 104,988 - - 104,988 89,248 2,391 - 91,639 13,349
PACKED CRYSTALLISED
DRYING ROOM SHELVES 5-Mar-96 (0) 1,326 1,326 15% 1,326 - 1,326 (0)
Page 26
1 CONVEYOR TABLE 14-Oct-97 - 423 - - 423 15% 423 - - 423 -
ALCAIR FACTORY AIRCONDITIONER - (EX-BUDERIM) 12-Jun-99 - 198,660 - - 198,660 15% 198,660 - - 198,660 -
HEATERS & CONTROLS FOR DRYER - (EX-BUD) 10-Jan-00 - 12,812 - - 12,812 15% 12,812 - - 12,812 -
DRYING ROOM RACKS 1-Sep-99 - 1,367 - - 1,367 15% 1,367 - - 1,367 -
MACHINERY PARTS FROM BUDERIM-INV 166147 25-Jun-01 - 17,859 - - 17,859 15% 17,859 - - 17,859 -
UPGRADING OF FACTORY AIRCONDITIONER - (EX-BUDERIM) 1-Mar-02 - 46,563 - - 46,563 15% 46,563 - - 46,563 -
METAL DETECTOR 1-Aug-06 - 19,154 - - 19,154 15% 19,154 - - 19,154 -
CROWN PALLET JACK - EAST WEST ENGINEERING 8-Feb-08 - 1,333 - 1,333 - 33% 1,333 - 1,333 0 -
METAL DETECTOR APEX500 MODEL 1-Sep-11 8,780 31,929 - - 31,929 15% 23,148 4,789 - 27,938 3,991
PALLET JACK - CARPENTERS HARDWARE 3-Oct-12 - 426 - 426 - 33% 426 - 426 - -
8,780 331,851 - 1,759 330,092 323,071 4,789 1,759 326,101 3,991
RETAIL
PICKLING MACHINERY PARTS - (EX-BUDERIM) 14-Jan-00 - 70,236 - - 70,236 15% 70,236 - - 70,236 -
PICKLE PROJECT - MECHANICAL 10-Feb-00 - 4,301 - - 4,301 15% 4,301 - - 4,301 -

PICKLE PROJECT - ELECTRICAL 10-Feb-00 - 13,424 - - 13,424 15% 13,424 - - 13,424 -
PICKLE LINE EQUIPMENT 1-May-00 - 18,222 - - 18,222 15% 18,222 - - 18,222 -
FRESPAC CAPITAL WORKS - (EX-BUDERIM) 30-Jun-00 - 92,424 - - 92,424 15% 92,424 - - 92,424 -
CAPITAL WORKS - PROJECT 23 (PICKLE) 1-Sep-00 - 2,767 - - 2,767 15% 2,767 - - 2,767 -
1 SCALE-ISHIDA MTX 30W SERIAL NO. 7113347 1-Jul-01 - 3,032 - - 3,032 15% 3,032 - - 3,032 -
1 ONLY D-TANK 1-Jun-03 - 320 - - 320 15% 320 - - 320 -
- 204,727 - - 204,727 204,727 - - 204,727 -
MAINTENANCE
1 ONLY 16' X 16' ALUMINIUM LADDER 6-Jun-03 - 578 - - 578 25% 578 - - 578 -
DURALLOY 230AMP ARC WELDER 1-Jul-06 - 1,533 - - 1,533 15% 1,533 - - 1,533 -
MCQUAY AIRCONDITIONING UNIT 20-Apr-11 - 1,319 - - 1,319 20% 1,319 - - 1,319 -
MAKITA JIGSAW 23-Oct-12 52 626 - - 626 25% 574 52 - 626 -
TIG WELDER (SENT FROM BGL) 1-Sep-14 696 960 - 960 - 15% 264 48 312 - -
HP 450 LAPTOP COMPUTER 10-Dec-14 1,187 1,696 - 1,696 - 20% 509 226 735 - -
BOSCH PERCUSSION DRILL GSB19-2RE 11-May-15 430 522 - - 522 15% 91 78 - 170 352
WELDSKILL 200HF WELDER & WELDING HELMET 26-Sep-16 - - 2,097 - 2,097 15% - 236 - 236 1,861
HP NB 250 G5 INTEL CORE I5 LAPTOP 1-Feb-17 - - 1,400 - 1,400 20% - 117 - 117 1,283
2,366 7,233 3,497 2,656 8,075 4,868 757 1,047 4,578 3,497
LAND & BUILDINGS

GINGER FACTORY (BUILDINGS) 1-Aug-99 160,562 1,059,050 - - 1,059,050 5% 898,488 52,953 - 951,441 107,609
GINGER FACTORY (LAND) 1-Aug-99 1,120,000 1,120,000 - - 1,120,000 0% - - - - 1,120,000
PICKLE SHED 6-Sep-99 19,732 117,821 - - 117,821 5% 98,089 5,891 - 103,980 13,841
FACTORY UPGRADING 31-Mar-99 51,800 340,505 - - 340,505 5% 288,705 17,025 - 305,731 34,774
FACTORY UPGRADING - BRINING SECTION 1-Jan-02 15,135 55,038 - - 55,038 5% 39,902 2,752 - 42,654 12,384
2 ONLY NEW SIGNBOARDS 13-Dec-02 - 1,609 - 1,609 - 25% 1,609 - 1,609 - -
33 NEW TUBE LIGHTS WITH COVERS IN BRINING SHED 31-Dec-02 - 4,498 - - 4,498 25% 4,498 - - 4,498 -
FACTORY UPGRADING - BRINING, SYRUPPING, CRYSTALLISING & P 1-Jan-03 - 46,419 - - 46,419 15% 46,419 - - 46,419 -
15 NEW TUBE LIGHTS WITH COVERS IN WAREHOUSE 1 & 2 1-Apr-04 - 1,092 - - 1,092 25% 1,092 - - 1,092 -
LADIES CHANGE ROOM 1-Oct-06 - 15,230 - - 15,230 15% 15,230 - - 15,230 -
7 SECURITY LIGHTS 1-Sep-06 - 1,726 - - 1,726 25% 1,726 - - 1,726 -
SYRUPING HALL UPGRADE 1-Feb-07 - 40,641 - - 40,641 25% 40,641 - - 40,641 -
FACTORY UPGRADE - BRINING ROOF, WAREHOUSE & SECURITY H 1-Mar-08 - 15,469 - - 15,469 15% 15,469 - - 15,469 -
FACTORY UPGRADE - BRINING BUILDING 1-Dec-08 - 70,742 - - 70,742 15% 70,742 - - 70,742 -
HIDAY LIGHTS - CUTTING DEPARTMENT 17-Jan-12 - 5,522 - - 5,522 25% 5,522 - - 5,522 -
Page 27
ROLLER DOORS 1-Jan-14 87,142 139,427 - - 139,427 15% 52,285 20,914 - 73,199 66,228
BRINE BUILDING CEILING UPGRADE 29-Aug-14 95,456 105,090 - - 105,090 5% 9,633 5,254 - 14,888 90,202
1,549,828 3,139,878 - 1,609 3,138,269 1,590,050 104,789 1,609 1,693,230 1,445,038
FACTORY OVERHEADS
SHIPPING CONTAINER FOR STORAGE 3-Mar-97 - 1,875 - - 1,875 15% 1,875 - - 1,875 -
ALUMINIUM LADDER 28-Apr-97 - 390 - - 390 15% 390 - - 390 -
NEW WATER SUPPLY METER 1-Dec-97 - 4,245 - - 4,245 15% 4,245 - - 4,245 -
OFFICE FURNITURE (CHAIRS & TABLES) 27-Aug-99 - 1,861 - - 1,861 15% 1,861 - - 1,861 -
1 FORKLIFT RAMP 29-Sep-99 - 761 - - 761 15% 761 - - 761 -
FIRE EXTINGUISHERS 31-May-00 - 4,071 - - 4,071 15% 4,071 - - 4,071 -
240V SIREN 15-May-00 - 564 - - 564 15% 564 - - 564 -
FIRE HOSE REEL 1-Jul-00 - 1,336 - - 1,336 25% 1,336 - - 1,336 -
WOODEN LOCKERS, RECEPTION PARTITION & BENCHES 11-Feb-03 - 6,495 - - 6,495 25% 6,495 - - 6,495 -
STAINLESS STEEL WATER LINE 1-Aug-05 - 81,907 - - 81,907 15% 81,907 - - 81,907 -
SURVEILLANCE CAMERA SYSTEM 1-Feb-07 - 4,948 - 4,948 - 20% 4,947 - 4,948 - -
KANA ROOM TABLES & BENCHES 1-Mar-08 - 4,049 - - 4,049 20% 4,049 - - 4,049 -
AUTOMATIC HAND DRYERS - 3 1-Jun-08 - 2,640 - - 2,640 25% 2,640 - - 2,640 -
9000 BTU DAIKIN SPLIT SYSTEM AIR CONDITIONER 19-Mar-10 - 1,404 - - 1,404 20% 1,404 - - 1,404 -
ELECTRICAL POWER FACTOR UNIT 1-Oct-10 2,493 18,130 - - 18,130 15% 15,637 2,493 - 18,130 -
10,000L WATER TANK 5-Apr-11 372 1,652 - - 1,652 15% 1,280 248 - 1,528 124
AVERY SCALE 3205 500KG SN 75570 1-Jun-11 359 1,511 - - 1,511 15% 1,152 227 - 1,379 132
WAREHOUSE RACKING 31-Dec-11 10,210 18,564 - - 18,564 10% 8,354 1,856 - 10,210 8,354
CAS ER-PLUS SCALE 15/30KG SN 110542106 7-May-12 323 861 - - 861 15% 538 129 - 667 194
10 PLASTIC SHOVELS 1-Aug-12 755 3,484 - - 3,484 20% 2,729 697 - 3,426 58
GERNI ULTIMATE 1302F WATER BLASTER 10-May-13 1,309 2,435 - 2,435 - 15% 1,126 243 1,370 - -
CAS ER-PLUS SCALE 15/30KG SN 130453470 4-Jul-13 392 713 - - 713 15% 321 107 - 428 285
10,000L WATER TANK 23-Sep-14 1,502 2,037 - - 2,037 15% 535 306 - 840 1,197
HP PROBOOK 450 G2 15.6 i7 LAPTOP - PRODUCTION MANAGER 27-Oct-15 1,959 2,260 - - 2,260 20% 301 452 - 753 1,507
K6 200 WATER BLASTER KARCHER 7-Feb-17 - - 1,193 - 1,193 20% - 99 - 99 1,093
2 SCALES UWE ASEP MN ASEP-30 SN ASEP-C5728/C5706 21-Feb-17 - - 1,431 - 1,431 15% - 72 - 72 1,360
19,673 168,194 2,624 7,382 163,436 148,521 6,929 6,317 149,132 14,303
QUALITY CONTROL
LAB EQUIPMENTS 1-Jan-95 - 4,394 - - 4,394 15% 4,394 - - 4,394 -
MICROLAB 27-Nov-98 - 5,614 - - 5,614 15% 5,614 - - 5,614 -
LAB EQUIPMENTS 23-Mar-99 - 16,704 - - 16,704 15% 16,704 - - 16,704 -
REFRACTORMETER DIGITAL RFM130 1-Jun-00 - 10,315 - - 10,315 15% 10,315 - - 10,315 -
HOTPLATE GLASS CERAMIC 160x160mm PLATE 26-Nov-01 - 760 - - 760 15% 760 - - 760 -
1 ONLY DIGITAL SCALE - SARTORIUS BL1500 SN 15307718 28-Oct-03 - 969 - - 969 15% 969 - - 969 -
PH METER - SERIAL NO.: 07257 29-Dec-06 - 1,553 - - 1,553 15% 1,553 - - 1,553 -
2 ONLY DAIKIN SPLIT SYSTEM AIR CONDITIONER 30-Sep-08 - 2,222 - - 2,222 20% 2,222 - - 2,222 -
WATER CASCADE, MOISTURE ANALYSER, REFRACTOMETER, PH ME 31-Mar-13 15,667 30,569 - - 30,569 15% 14,903 4,585 - 19,488 11,081
ACCUPOINT HYGIENE MONITOR - SN AP2-3267-M 1-May-13 3,138 5,978 - - 5,978 15% 2,839 897 - 3,736 2,242
CAS KD-BN BALANCE SCALE SN: G40930009 12-Feb-15 553 691 - - 691 15% 138 104 - 242 449
CAS KD-BN BALANCE SCALE SN: G606021010 28-Mar-17 - - 683 - 683 25% 43 - 43 641
19,358 79,771 683 - 80,454 60,412 5,628 - 66,041 14,413
BOILER
BOILER CHEM FEED PUMP 1-Jan-95 - 1,000 - - 1,000 15% 1,000 - - 1,000 -
BOILER CHIMNEY (BIG) 1-Jan-95 - 2,655 - - 2,655 15% 2,655 - - 2,655 -
BOILER WATER TANK 1-Jan-95 - 1,000 - - 1,000 15% 1,000 - - 1,000 -
Page 28
STEAM LINE 1-Jan-95 - 975 - - 975 15% 975 - - 975 -
BOILER CHIMNEY (SMALL) 15-Jul-97 - 450 - - 450 15% 450 - - 450 -
ADDITIONAL STEAM PIPE 13-May-98 - 734 - - 734 15% 734 - - 734 -
BOILER COMPRESSOR 31-Mar-99 - 5,245 - - 5,245 15% 5,245 - - 5,245 -
BOILER ROOM 12-Feb-99 3,933 27,273 - - 27,273 5% 23,339 1,364 - 24,703 2,570
BOILERLAND STEAM FIRED BOILER (EX-BUDERIM) 1-May-99 - 127,837 - - 127,837 15% 127,837 - - 127,837 -
STEAM LINE 1-Jan-99 - 52,298 - - 52,298 15% 52,298 - - 52,298 -
STEAM GATE VALVE 7-Jul-00 - 1,123 - - 1,123 15% 1,123 - - 1,123 -
BOILER UPGRADE - LIMITED ATTENDANCE 1-Feb-07 - 38,301 - - 38,301 15% 38,301 - - 38,301 -
BOILER COMPRESSOR 3-Feb-11 988 5,268 - - 5,268 15% 4,280 790 - 5,070 198
4,921 264,158 - - 264,158 259,237 2,154 - 261,391 2,767
740 OFFICE PARTITION - ACCOUNTS OFFICE 23-Jan-98 - 375 - - 375 20% 375 - - 375 -
2 DESKS 26-Feb-98 - 372 - - 372 20% 372 - - 372 -
PAPER SHREDDER 16-Mar-99 - 409 - 409 - 20% 409 - - 409 -
1 ONLY RETURN TABLE - ACCOUNTANT 29-Oct-99 - 255 - - 255 20% 255 - - 255 -
2 SETS VERTICAL BLINDS 1-Aug-00 - 555 - - 555 20% 555 - - 555 -
FILING CABINET 2-Mar-01 - 271 - - 271 20% 271 - - 271 -
MYOB PREMIER ACCOUNTING SOFTWARE 1-Sep-00 - 3,182 - - 3,182 25% 3,182 - - 3,182 -
COMPUTER SERVER ROOM 24-Jul-03 - 698 - - 698 20% 698 - - 698 -
WESTINGHOUSE FRIDGE/FREEZER 11-May-04 - 959 - - 959 20% 959 - - 959 -
18000 BTU DAIKIN SPLIT SYSTEM AIR CONDITIONER 31-Jan-06 - 1,644 - - 1,644 20% 1,644 - - 1,644 -
18000 BTU DAIKIN SPLIT SYSTEM AIR CONDITIONER 31-Jan-06 - 1,733 - - 1,733 20% 1,733 - - 1,733 -
OFFICE FURNITURE - TABLES, CHAIRS, SHELVES & LOCKERS 20-Apr-06 - 1,547 - - 1,547 20% 1,547 - - 1,547 -
UNWIRED MODEM, ROUTER & ANTENNA 1-May-06 - 613 - 613 - 20% 613 - 613 - -
MOTOR VEHICLE - DAIHATSU TERIOS 4X4 25-Jul-06 - 35,123 - 35,123 - 20% 35,123 - 35,123 - -
OLYMPUS DIGITAL CAMERA FE-270 26-Nov-07 - 345 - - 345 20% 345 - - 345 -
MCQUAY AIRCONDITIONING UNIT - FRONT OFFICE 11-May-09 - 1,733 - - 1,733 20% 1,733 - - 1,733 -
WORLD AUTOMATIC HAND DRYER 1-Jul-09 - 782 - - 782 20% 782 - - 782 -
UNWIRED ANTENNA - JUPITER 1-Aug-09 - 667 - 667 - 20% 667 - 667 - -
CANON LBP6300DN PRINTER 29-Apr-10 - 755 - - 755 20% 755 - - 755 -
BROTHER FAX 2820 1-May-10 - 468 - - 468 20% 468 - - 468 -
KONICA MINOLTA BIZHUB 211 COPIER 1-Jul-10 - 5,942 - - 5,942 20% 5,942 - - 5,533 -
LENOVO DESKTOP COMPUTER - ARMILA 28-Feb-11 - 1,696 - - 1,696 20% 1,696 - - 1,696 -
LENOVO DESKTOP COMPUTER - PRANEEL SEN 28-Feb-11 - 1,696 - - 1,696 20% 1,696 - - 1,696 -
HP COMPUTER - LAW FOOK 1-May-11 - 1,903 - - 1,903 20% 1,903 - - 1,903 -
760 MOTOR VEHICLE - KIA SPORTAGE 18-Oct-11 3,768 56,522 - - 56,522 20% 52,754 3,768 - 56,522 -
HP COMPUTER - MOHINI 8-May-12 347 2,082 - - 2,082 20% 1,735 347 - 2,082 -
9000 BTU DAIKIN SPLIT SYSTEM AIR CONDITIONER - RECEPTION 1-Nov-13 526 1,126 - - 1,126 20% 601 225 - 826 300
390 MOTOR VEHICLE - HYUNDAI SANTA FE 1-Nov-13 33,275 71,304 - - 71,304 20% 38,029 14,261 - 52,290 19,014
HP 4300 PRO SFF DESKTOP COMPUTERS 16-Jan-14 2,898 5,609 - - 5,609 20% 2,711 1,122 - 3,833 1,776
HP DESKTOP COMPUTER - RECEPTION 25-Apr-14 1,084 1,912 - - 1,912 20% 829 382 - 1,211 701
HP PRODESK 600 SFF I5 DESKTOP COMPUTER 30-Aug-16 - - 1,651 - 1,651 20% - 275 - 275 1,376
MOTOR VEHICLE - TOYOTA PRIUS HYBRID 26-May-17 - - 17,711 - 17,711 20% - 295 - 295 17,415
41,897 202,278 19,362 36,812 184,827 160,380 20,676 36,403 144,244 40,584
2,329,373 6,813,640 37,531 54,033 6,797,139 4,484,267 363,353 50,950 4,796,262 2,000,877
TFP ASSETS 1-Jul-99
SYRUPPING - 113,084 - - 113,084 25% 113,084 - - 113,084 -
- 113,084 - - 113,084 113,084 - - 113,084 -
TOTAL 2,329,373 6,926,724 37,531 54,033 6,910,223 4,597,351 363,353 50,950 4,909,346 2,000,877
TAX CALCULATION
Profit before tax (331,667.34)
Add: Accounting Depreciation #REF!

Amortisation -
Subscriptions -
Fringe Benefit Tax 2,164.76
50% FNPF 22,626.59
Increase in Provision for Annual Leave Err:509
Transitional Tax 898.33
Unrealised loss 2015 Err:509
Err:509
Err:509
Less: Tax Depreciation #REF!

Gain on Sale of Fixed Assets - Tax
#REF!
Err:509
Less: Export Tax Concession
TAXABLE PROFIT Err:509
INCOME TAX Err:509

EXPORT CONCESSION
EXPORT SALES (A) 7,805,211.46

LOCAL SALES 16,283.00
TOTAL SALES (B) 7,821,494.46
NET PROFIT (C) (331,666.34)
FORMULA = A/B X C
=(5,672,528/5,700,918) * 333,685
(330,975.87)
50% CONCESSION = (165,487.93)
TOTAL EXPORT CONCESSION= (165,487.93)
TAX CONCESSION (Tax rate 20%) = $ (33,097.59)

(Under Section 21B)
Cost Price - 30.06.2015 Cost Price - 30.06.2016
1 Check Asset Addition P&E 3,924,904.20 3,991,575.56
2 Take amortisation on Goodwill
3 Check Deferred Tax Asset 163,567.22
4 Current Tax Liabilities (63,739.73)
5 Ending Stock amount is not matching with stock reconciliation and system
6 Cash cut off test
7 Wages Summary
8 Total Number of Employees
Variance
(66,671.36)
CATEGORY ORIGINAL COST WDV
LAND & BUILDINGS 3,159,952 1,553,761
PLANT & EQUIPMENT 3,562,634 733,715
MOTOR VEHICLES 162,949 37,043
OFFICE EQUIPMENT 41,189 4,854
TOTAL $ 6,926,724 $ 2,329,373

TIN: 50-10831-0-8
VAT RECONCILIATION
AS AT 30 JUNE 2017
MONTH Sales Zero Rated Sales Sub Vat

VIP Sales to VAT Output
July 717,077.69 713,088.89 3,988.80 329.35
August 582,532.32 580,305.01 2,227.31 183.91
September 494,748.67 491,406.76 3,341.91 275.94
October 338,559.17 296,153.37 42,405.80 3,501.40
November 802,920.20 799,174.71 3,745.49 309.26
December 259,740.50 255,900.69 3,839.81 317.05
January 257,453.55 254,057.36 3,396.19 280.42
February 498,944.67 497,920.97 1,023.70 84.53
March 520,256.69 517,676.99 2,579.70 213.00
April 752,971.74 750,634.14 2,337.60 193.01
May 569,574.00 561,472.39 8,101.61 668.94
June 185,623.65 181,850.46 3,773.19 311.55
TOTAL 5,980,402.85 5,899,641.74 80,761.11 6,668.35

TIN: 50-10831-0-8
VAT RECONCILIATION
AS AT 30 JUNE 2017
Opening Balance as at 30.06.16- per book
Add: Vat Output
Less: Vat Input
Add: Refunds Deposited

Closing Balance as at 30.06.16 - per SVA
Add: Lodgement not yet assesed

June
Variance
Vat Output Total Sales VAT Customs
Adjustment Vat Output VEP Input VAT
65.30 394.65 3,659.45 7,593.83 11,051.00
- 183.91 2,043.40 10,062.11 2,692.50
140.37 416.31 3,065.97 8,690.88 16,629.20
12.15 3,513.55 38,904.40 11,946.37 6,594.00
30.72 339.98 3,436.23 10,887.47 19,220.25
5.40 322.45 3,522.76 7,858.25 6,053.55
48.52 328.94 3,115.77 13,919.22 3,657.50
6.75 91.28 939.17 8,771.71 13,975.65
400.75 613.75 2,366.70 14,653.33 11,438.20
51.65 244.66 2,144.59 10,538.30 4,396.65
- 668.94 7,432.67 10,053.87 15,195.95
- 311.55 3,461.64 7,881.51 9,839.95
761.61 7,429.96 74,092.76 122,856.85 120,744.40
5,934,441.29
(34,799.55)
(34,680.00)
7,429.96
243,601.25
228,862.77
$ (41,988.52)
(24,580.88)
(17,396.41)
$ (41,977.29)
(11.22)
Index
Total Payable Original Difference

VAT Input ( Refund) Assessment
18,644.83 (18,250.18) (18,250.18) 0.00
12,754.61 (12,570.70) (12,570.70) (0.00)
25,320.08 (24,903.77) (24,903.77) (0.00)
18,540.37 (15,026.82) (15,026.82) -
30,107.72 (29,767.74) (29,767.74) -
13,911.80 (13,589.35) (13,589.35) -
17,576.72 (17,247.78) (17,247.78) -
22,747.36 (22,656.08) (22,656.08) -
26,091.53 (25,477.78) (25,477.78) -
14,934.95 (14,690.29) (14,690.29) -
25,249.82 (24,580.88) (24,580.88) -
17,721.46 (17,396.41) - (17,396.41)
243,601.25 (236,157.78) (218,761.37) (17,396.41)
Index
Payments Penalties Deposited

34,682.27
18,250.18
12,570.70
24,903.77
15,026.82
29,767.74
13,589.35
17,247.78
22,656.09
25,477.78
14,690.29
$ - $ - $ 228,862.77
SALES RECONCILIATION
Sales as per Financial Statements

Export Sales 5,690,686.08
Local Sales 28,165.43
5,718,851.51
Sales As per VAT

VIP Sales (A) 5,980,402.85
Zero Rated Sales (B) 5,899,641.74 (A - B)
Sales Subject to VAT 80,761.11
Less VAT Cherged ( C) 6,668.35
VEP Sales 74,092.76
Total Sales 5,973,734.50 (A + C)
Variance (254,882.99)

Frespac Ginger (Fiji) Pte Limited Audited Financials 30.6.23 8.9.23

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Frespac Ginger (Fiji) Pte Limited Audited Financials 30.6.23 8.9.23

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FRESPAC GINGER LIMITED

TRIAL BALANCE 12 Months Adjustments 12 Months

Bank Overdraft 0.00

Export Sales 5,690,686.08 5,690,686.08

Opening Stock 2,078,013.89 2,078,013.89

$ 7,848,784.62 $ 31,978.27 $ - $ - $ 13,540,094.74 $ 7,966,090.00

CUTTING & SORTING

LAND & BUILDINGS

2,348,305.42 7,629,597.21 859,402.13 236,604.25 8,252,395.09 5,281,291.78 181,886.97

- 113,084.24 - - 113,084.24 113,084.24 -

TOTAL 2,348,305.42 7,742,681.45 859,402.13 236,604.25 8,365,479.33 5,394,376.02 181,886.97

DEP'N ACC DEP'N W.D.V.

199,710.34 5,263,468.41 2,988,926.68

199,710.34 5,376,552.65 2,988,926.68

Page 1 Company Directory

2-3 Directors' Report

5 Auditor's Independence Declaration to the Directors

6-8 Independent Auditor’s Report

9 Statement of Comprehensive Income

10 Statement of Changes in Equity

11 Statement of Financial Position

12 Statement of Cash Flows

13 - 24 Notes to the Financial Statements

25 Disclaimer to Supplementary Information

26 - 27 Detailed Statement of Profit and Loss

FRESPAC GINGER (FIJI) PTE LIMITED

REGISTERED OFFICE : Lot 13

DIRECTORS : Law Fook Kuen

COMPANY SECRETARY : Law Fook Kuen

AUDITORS : PKF aliz pacific

BUSINESS LOCATION : Lot 14

BANKERS : Westpac Banking Corporation

1) Law Fook Kuen

Net (Loss) before Income Tax (1,716,619) (331,667)

Income Tax Expense/(Benefit) (341,010) (130,230)

Net (Loss) after Income Tax (1,375,609) (201,438)

The Directors recommend that no amounts be transferred to or from reserves.

Bad Debts and Allowance for Impairment on Trade Receivables

Basis of Accounting - Going Concern

Events Subsequent to Balance Date

Related Party Transactions

As at the date of this report:

Dated at , this day of 2023.

Dated at , this day of 2023.

Notes 30 June 30 June

Revenue 6,504,831 7,821,494

Cost of Goods Sold (6,285,334) (6,667,337)

Other Income 3 (i) 45,318 90,630

Administrative Expense (360,500) (281,137)

(Loss) from Operating Activities (1,529,649) (227,527)

Finance Costs 3 (ii) (186,969) (104,141)

(Loss) Before Income Tax (1,716,619) (331,667)

Income Tax Expense/(Benefit) 4 (i) (341,010) (130,230)

Net (Loss) After Income Tax (1,375,609) (201,438)

Other Comprehensive Income for the Year, Net of Tax

Revaluation Surplus on Building, net of tax - -

Total Comprehensive Income for the year (1,375,609) (201,438)

Share Revaluation Retained Total

Balance as at 30 June 2021 198,544 3,350,000 2,706,116 6,254,660

Total Comprehensive income for the year, net of tax

Net (Loss) for the year - - (201,438) (201,438)

Other Comprehensive Income for the year, net of tax - - - -

Balance as at 30 June 2022 198,544 3,350,000 2,504,678 6,053,222

Total Comprehensive income for the year, net of tax