Lowell Resources Fund Product Disclosure Statements August 2022

Page 63

11.

FINANCIAL INFORMATION

11.1

Introduction

Unaudited Pro Forma Statements of Financial Information The Pro Forma Financial Information set out below has been prepared to illustrate the financial position of the Fund following completion of the Offer and the expenditure of funds associated with the Offer as if such events had occurred as at 30 June 2022. The Offer assumes a minimum subscription of $0 (nil), a maximum subscription of $13.2 million. The Pro Forma Financial Information is intended to be illustrative only and will not reflect the actual position and balances as at the date of this PDS or at the completion of the Offer. The Pro Forma Financial Information has been prepared in accordance with the principles and significant accounting policies set out in Section 11.2. Audited accounts 30 June 2021

Management accounts (unaudited, not reviewed) 30 June 2022

Minimum subscription ($0) Adjustments Pro forma

Maximum subscription (approx.$13.2 m) Adjustments Pro forma

Assets Cash and cash equivalents Receivables Financial assets Total assets

5,594,822 92,652 44,220,001 49,907,475

4,647,064 200,667 42,330,216 47,177,947

(30,000) -

4,617,064 200,667 42,330,216 47,147,947

12,487,226 -

17,134,290 200,667 42,330,216 59,665,173

Liabilities Accounts payable Total liabilities Net assets attributable to unitholders

5,426,710 5,426,710 44,480,765

3,621,401 3,621,401 43,556,546

-

3,621,401 3,621,401 43,526,546

-

3,621,401 3,621,401 56,042,772

The Pro Forma Statements of Financial Position have been derived from the unaudited, not reviewed historical statement of financial position of the Fund as at 30 June 2022 adjusted for the effects of the pro forma adjustments described below: a)

application of the significant accounting policies set out in section 11.2;

b) the column headed ‘Minimum subscription ($0)’, has been prepared on the basis of no subscriptions for Units;

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Lowell Resources Fund Product Disclosure Statements August 2022 by Cremorne Capital - Issuu