Page 60 - Demo

ISHINE CLOUD LIMITED
(A company limited by guarantee)
NOTES OF FINANCIAL ACTIVITIES March 31, 2019
As at March 31, 2019, the balance with the related party are follows:
Amount due from related party(1)
2019 $
6 PLANT AND EQUIPMENT
Cost:
At date of incorporation Additions
At March 31, 2019
Accumulated depreciation: At date of incorporation
Depreciation for the period At March 31, 2019
Carrying amount:
At March 31, 2019
7 INTANGIBLE ASSETS
Cost:
At date of incorporation Additions
At March 31, 2019
Accumulated depreciation: At date of incorporation Amortisation for the period At March 31, 2019
Carrying amount:
At March 31, 2019
Computer Capital work-
hardware in-progress Total
$$$
2,471,785
(1) The grants from NCSS are received on behalf by the related party and are reimbursable to the company when the speci c criteria are met. Included in the amount due from related party is $1,717,417 and $673,551 due under the Care & Share grant (Note 9) and Voluntary Welfare Organisations - Charities Capability Fund, Innovation and Productivity Grant (VCF-IPG) (Note 8) respectively.
- 466,395 466,395
- (81,668) (81,668)
384,727
- 1,797 1,797
- - -
1,797
- 468,192 468,192
- (81,668) (81,668)
386,524
Software development expenditure
$
- 811,842 811,842
- (133,336) (133,336)
678,506
FS18 iShine Cloud | ANNUAL REPORT 2018–2019