TRS is pleased to release the audited 2017 Annual Report.
Note that there are two adjustments from the unaudited Full Year results
released on 19 May 2017 resulting from the audit of the financial statements
as follows:
1. Accruals have been increased by $9,794 in total. This has had the
result of increasing the reported net loss from $343,000 to $353,000.
2. Funds received from HuaHan of $106,450 to contribute to the costs of
the HuaHan transactions were originally net-off against the costs of the
Huahan transactions. As a result of the audit these funds have been
re-classified as income. This has had the result of increasing revenue by
$106,450 and increasing expenses by $106,450 but has had no impact on the
reported net loss.
End CA:00303351 For:TRS Type:ANNREP Time:2017-06-29 15:32:25