FY17 Cashflow Statement Reclassification
Pacific Edge Limited wishes to advise of a classification change within the
FY17 Statement of Cash Flows on page 36 of the Pacific Edge Limited 2017
Annual Report. The net effect of the reclassification on Net Cash Flows to
Operating Activities is nil. The reclassification of expenses impacts the
line items of "Receipts from Customers and Grant Providers" and "Payments to
Suppliers and Employees". Each line item was incorrectly overstated by
$3,247,945 and the corrected numbers are outlined in the attached documents.
The Board wishes to emphasise that this reclassification of expenses has no
impact on the underlying trading results or cash position of Pacific Edge
Limited. This reclassification does not affect the Statement of Comprehensive
Income, Statement of Changes in Equity or Statement of Financial Position and
is purely a reclassification in Operating Cash Flow within the Statement of
Cash Flows.
A revised Statement of Cash Flows is included with this announcement and can
also be viewed on the company website at www.pacificedgedx.com.
ENDS
For more information contact:
David Darling
Chief Executive Officer
Pacific Edge Ltd
P: +64 (3) 479 5800
End CA:00307857 For:PEB Type:ANNREP Time:2017-09-27 09:56:03