Page 75 - GMT and GMT Bond Issuer Annual Report 2017 v2
P. 75
NOTES TO THE
6. EQUITY
As at 31 March 2017, 100 ordinary shares had been issued for nil consideration (2016: 100 ordinary shares for nil consideration). All shares rank equally with one vote attached to each share.
FINANCIAL
The Company does not have any tangible assets, and its net assets are nil, being an advance to a related party offset by a liability for retail bonds. Consequently, the net tangible assets per bond at 31 March 2017 was nil (2016: nil).
STATEMENTS
continued
For the year ended 31 March 2017
GMT BOND ISSUER LIMITED ANNUAL REPORT 2017 FINANCIAL STATEMENTS
73 NOTES TO THE FINANCIAL STATEMENTS
