Financial Statements

Omega Structures Pty Ltd

ABN 91 664 357 331
For the year ended 30 June 2023
Prepared by Viden Advisory
Contents
3 Directors Declaration

4 Profit & Loss Statement

5 Appropriation Statement

6 Balance Sheet

8 Notes to the Financial Statements

10 Depreciation Schedule

14 Compilation Report

Financial Statements Omega Structures Pty Ltd Page 2 of 14

Directors Declaration
Omega Structures Pty Ltd
For the year ended 30 June 2023
The directors have determined that the company is not a reporting entity and that this special purpose financial report should
be prepared in accordance with the accounting policies outlined in Note 1 to the financial statements.

The directors of the company declare that:

1. The financial statements and notes, present fairly the company’s financial position as at 30 June 2023 and its performance
for the year ended on that date in accordance with the accounting policies described in Note 1 to the financial statements;
and
2. In the directors’ opinion there are reasonable grounds to believe that the company will be able to pay its debts as and
when they become due and payable.

This declaration is made in accordance with a resolution of the Board of Directors.

Connor Thomas Dowdle

Sign date:

Financial Statements Omega Structures Pty Ltd Page 3 of 14

Profit & Loss Statement
Omega Structures Pty Ltd
For the year ended 30 June 2023
NOTES 2023

Other Income
Interest Income 6
Total Other Income 6

Total Income 6

Expenses
Bank Fees 1
Consulting & Accounting 5,500
Depreciation 54,120
Fees and Registration 40
Insurance 1,064
Interest Expense 343
Loan Fees 5
Motor Vehicle Expenses 6,024
Other charges 222
Professional Expenses 8,680
Public Liability Insurance 3,072
Rent 24,323
Security services 120
Superannuation 3,492
Telephone & Internet 124
Wages and Salaries 33,258
Work Cover expenses 4,094
Total Expenses 144,482

Profit/(Loss) before Taxation (144,475)

Net Profit After Tax (144,475)

Net Profit After Dividends Paid (144,475)

The accompanying notes form part of these financial statements. These statements should be read in conjunction with the attached
compilation report.

Financial Statements Omega Structures Pty Ltd Page 4 of 14

Appropriation Statement
Omega Structures Pty Ltd
For the year ended 30 June 2023
NOTES 2023

Retained Earnings after Appropriation

Profit/(Loss) Before Taxation (144,475)
Retained Earnings After Appropriation (144,475)

The accompanying notes form part of these financial statements. These statements should be read in conjunction with the attached
compilation report.

Financial Statements Omega Structures Pty Ltd Page 5 of 14

Balance Sheet
Omega Structures Pty Ltd
As at 30 June 2023
NOTES 30 JUN 2023

Assets
Current Assets
Cash and Cash Equivalents
Cash (30)
Premium 65,670
Premium 2 10
Saver 10
Total Cash and Cash Equivalents 65,660

ATO Refund
GST 152,453
PAYG Withholdings Payable (11,558)
Total ATO Refund 140,895

Prepayments
Prepaid Insurance 5,322
Total Prepayments 5,322

Total Current Assets 211,876

Non-Current Assets
Property, Plant and Equipment
Computer Equipment 4,000
Less Accumulated Depreciation on Computer Equipment (274)
Plant & Equipment 4,096,532
Less Accumulated Depreciation on Plant & Equipment (53,846)
Total Property, Plant and Equipment 4,046,413

Total Non-Current Assets 4,046,413

Total Assets 4,258,289

Liabilities
Current Liabilities
Payables
Accounts Payable 1,240
Total Payables 1,240

Employee Entitlements
Superannuation Payable 3,492
Total Employee Entitlements 3,492

Total Current Liabilities 4,732

Total Liabilities 4,732

Net Assets 4,253,557

The accompanying notes form part of these financial statements. These statements should be read in conjunction with the attached
compilation report.

Financial Statements Omega Structures Pty Ltd Page 6 of 14

Balance Sheet

NOTES 30 JUN 2023

Equity
Retained Earnings (144,475)

Reserves
Revaluation Reserve 2,625,532
Total Reserves 2,625,532

Share Capital 650,000

Secured Preference Note 1,122,500
Total Equity 4,253,557

The accompanying notes form part of these financial statements. These statements should be read in conjunction with the attached
compilation report.

Financial Statements Omega Structures Pty Ltd Page 7 of 14

Notes to the Financial Statements
Omega Structures Pty Ltd
For the year ended 30 June 2023
1. Statement of Significant Accounting Policies

The directors have determined that the company is not a reporting entity and accordingly, this financial report is a special
purpose report prepared for the sole purpose of distributing a financial report to members and must not be used for any other
purpose. The directors have determined that the accounting policies adopted are appropriate to meet the needs of the
members.

The financial report has been prepared on an accrual basis and under the historical cost convention, except for certain assets,
which, as noted, have been written down to fair value as a result of impairment. Unless otherwise stated, the accounting policies
adopted are consistent with those of the prior year.

The accounting policies that have been adopted in the preparation of the statements are as follows:

Income Tax
The income tax expense for the year comprises current income tax expense. The company does not apply deferred tax. Current
income tax expense charged to the profit or loss is the tax payable on taxable income calculated using applicable income tax
rates enacted, or substantially enacted, as at 30 June 2023. Current tax liabilities are therefore measured at the amounts
expected to be paid to the relevant taxation authority.

Inventories
Inventories are carried at the lower of cost or net realisable value. Cost is based on the first-in, first out method and includes
expenditure incurred in acquiring the inventories and bringing them to the existing condition and location.

Property, Plant and Equipment

Property, plant and equipment is initially recorded at the cost of acquisition or fair value less, if applicable, any accumulated
depreciation and impairment losses. Plant and equipment that has been contributed at no cost, or for nominal cost, is valued
and recognised at the fair value of the asset at the date it is acquired. The plant and equipment is reviewed annually by directors
to ensure that the carrying amount is not in excess of the recoverable amount from these assets. The recoverable amount is
assessed on the basis of the expected net cash flows that will be received from the utilisation of the assets and the subsequent
disposal. The expected net cash flows have been discounted to their present values in estimating recoverable amounts.

Freehold land and buildings are measured at their fair value, based on periodic, but at least triennial, valuations by independent
external valuers, less subsequent depreciation for buildings.

Increases in the carrying amount of land and buildings arising on revaluation are credited in equity to a revaluation surplus.
Decreases against previous increases of the same asset are charged against fair value reserves in equity. All other decreases are
charged to profit or loss.

Any accumulated depreciation at the date of revaluation is offset against the gross carrying amount of the asset and the net
amount is restated to the revalued amount of the asset.

Trade and Other Receivables

Trade receivables and other receivables, including distributions receivable, are recognised at the nominal transaction value
without taking into account the time value of money. If required a provision for doubtful debt has been created.

Trade and Other Payables

Trade and other payables represent the liabilities for goods and services received by the company that remain unpaid at 30 June
2023. Trade payables are recognised at their transaction price. They are subject to normal credit terms and do not bear interest.

These notes should be read in conjunction with the attached compilation report.

Financial Statements Omega Structures Pty Ltd Page 8 of 14

Notes to the Financial Statements

Employee Benefits
Provision is made for the liability for employee entitlements arising from services rendered by employees to 30 June 2023.
Employee benefits have been measured at the amounts expected to be paid when the liability is settled, plus related costs.

Provisions
Provisions are recognised when the entity has a legal or constructive obligation resulting from past events, for which it is
probable that there will be an outflow of economic benefits and that outflow can be reliably measured. Provisions are measured
using the best estimate available of the amounts required to settle the obligation at the end of the reporting period.

Cash and Cash Equivalents

Cash and cash equivalents include cash on hand, deposits held on call with banks, other short-term highly liquid investments
with original maturities of three months or less, and bank overdrafts.

Revenue Recognition
Revenue from the sale of goods is recognised upon the delivery of goods to customers.
Revenue from the rendering of services is recognised upon the delivery of the services to customers.
Revenue from commissions is recognised upon delivery of services to customers.
Revenue from interest is recognised using the effective interest rate method.
Revenue from dividends is recognised when the entity has a right to receive the dividend.

All revenue is stated net of the amount of goods and services tax (GST).

Goods and Services Tax

Transactions are recognised net of GST, except where the amount of GST incurred is not recoverable from the Australian
Taxation Office (ATO).

Receivables and payables are stated inclusive of the amount of GST receivable or payable. The net amount of GST recoverable
from, or payable to, the ATO is included with other receivables or payables in the balance sheet.

These notes should be read in conjunction with the attached compilation report.

Financial Statements Omega Structures Pty Ltd Page 9 of 14

Depreciation Schedule
Omega Structures Pty Ltd
For the year ended 30 June 2023
NAME COST OPENING VALUE PURCHASES DISPOSALS DEPRECIATION CLOSING VALUE

Computer Equipment
Notebook Computer 800 - 800 - 55 745
Notebook Computer 800 - 800 - 55 745
Notebook Computer 800 - 800 - 55 745
Notebook Computer 800 - 800 - 55 745
Notebook Computer 800 - 800 - 55 745
Total Computer Equipment 4,000 - 4,000 - 274 3,726

Plant & Equipment

Asset revaluation 360 Queen St
435 - 435 - - 435
Brisbane
Asset revaluation- Caboolture
3,257 - 3,257 - 15 3,242
Hospital
Asset revaluation Grays 130
125,718 - 125,718 - - 125,718
Macarthur Ave Hamilton
Asset Revaluation- Herschel St North
10,541 - 10,541 - - 10,541
Quay
Assorted Aluprops 93,450 - 93,450 - 1,280 92,170
Assorted Aluprops 18,900 - 18,900 - 259 18,641
Assorted Bracing 3,450 - 3,450 - 47 3,403
Assorted Bracing 7,125 - 7,125 - 98 7,027
Assorted Bracing 4,500 - 4,500 - 62 4,438
Assorted Bracing Frames 5,055 - 5,055 - 69 4,986
Assorted Conventional Frame 6,370 - 6,370 - 87 6,283
Assorted Conventional Frame 1,260 - 1,260 - 17 1,243
Assorted Conventional Frame 6,510 - 6,510 - 89 6,421
Assorted Conventional Frame 8,750 - 8,750 - 120 8,630
Assorted Conventional Frame 1,400 - 1,400 - 19 1,381
Assorted Conventional Frame 11,480 - 11,480 - 157 11,323
Assorted Conventional Frame 7,420 - 7,420 - 102 7,318
Assorted Props 227,360 - 227,360 - 3,115 224,245
Assorted Props 100,845 - 100,845 - 1,381 99,464
Assorted Props 6,000 - 6,000 - 82 5,918
Assorted Props 12,615 - 12,615 - 173 12,442
Assorted Push Pull Prop 810 - 810 - 11 799
Assorted Push Pull Prop 220 - 220 - 3 217
Base Plates 180 - 180 - 2 178
Base Plates 17 - 17 - - 17
Base Screw Jacks 1,624 - 1,624 - 22 1,602
Base Screw Jacks 9,976 - 9,976 - 137 9,839
Bracing 1,296 - 1,296 - 18 1,278
Bracing 576 - 576 - 8 568
Bracing 10,262 - 10,262 - 141 10,121
Bracing 1,400 - 1,400 - 19 1,381
Bracing 5,648 - 5,648 - 77 5,571

The accompanying notes form part of these financial statements. These statements should be read in conjunction with the attached
compilation report.

Financial Statements Omega Structures Pty Ltd Page 10 of 14

Depreciation Schedule

NAME COST OPENING VALUE PURCHASES DISPOSALS DEPRECIATION CLOSING VALUE

Bracing 3,520 - 3,520 - 48 3,472

Bracing 1,848 - 1,848 - 25 1,823
Cages 3,354 - 3,354 - 31 3,323
Cages 1,548 - 1,548 - 14 1,534
Cages 3,096 - 3,096 - 28 3,068
Cages 258 - 258 - 2 256
Column Box 1,200 - 1,200 - 16 1,184
Column Boxes 84,000 - 84,000 - 1,151 82,849
Conventional Frame 1,890 - 1,890 - 26 1,864
Conventional Frame 40,656 - 40,656 - 557 40,099
Conventional Frame 16,170 - 16,170 - 222 15,948
Conventional Frame 34,776 - 34,776 - 476 34,300
Erected LVL Timber Beams
130,650 - 130,650 - 1,790 128,860
throughout Building
Erected Formply & LVL Beams
69,431 - 69,431 - 951 68,479
throughout Building
Erected Formply throughout Building 17,548 - 17,548 - 240 17,308
Flat Head Jacks 11,600 - 11,600 - 159 11,441
Flat Head Jacks 26,535 - 26,535 - 363 26,172
Formply Sheets 8,467 - 8,467 - 116 8,351
Formply Sheets 15,990 - 15,990 - 219 15,771
Formply Sheets 4,715 - 4,715 - 65 4,650
Ladders 1,500 - 1,500 - 51 1,449
LVL Timber Beams 12,804 - 12,804 - 175 12,629
LVL Timber Beams 4,050 - 4,050 - 55 3,995
LVL Timber Beams 15,900 - 15,900 - 218 15,682
LVL Timber Beams 7,200 - 7,200 - 99 7,101
LVL Timber Beams 720 - 720 - 10 710
LVL Timber Beams 8,670 - 8,670 - 119 8,551
LVL Timber Beams 2,813 - 2,813 - 39 2,774
LVL Timber Beams 5,940 - 5,940 - 81 5,859
LVL Timber Beams 7,260 - 7,260 - 99 7,161
Metal Toolboxes 7,000 - 7,000 - 137 6,863
Modular Formwork 19,656 - 19,656 - 269 19,387
Modular Formwork 123,500 - 123,500 - 1,692 121,808
Modular Formwork 260,400 - 260,400 - 3,567 256,833
Modular Formwork 56,730 - 56,730 - 777 55,953
Modular Formwork 5,544 - 5,544 - 76 5,468
Modular Formwork 66,500 - 66,500 - 911 65,589
Modular Formwork 22,750 - 22,750 - 312 22,438
Modular Formwork 936 - 936 - 13 923
Modular Formwork 1,279 - 1,279 - 18 1,261
Modular Formwork 151,956 - 151,956 - 2,082 149,874
Modular Formwork 172,250 - 172,250 - 2,360 169,890
Modular Formwork 12,610 - 12,610 - 173 12,437
Modular Formwork 60,291 - 60,291 - 826 59,465

The accompanying notes form part of these financial statements. These statements should be read in conjunction with the attached
compilation report.

Financial Statements Omega Structures Pty Ltd Page 11 of 14

Depreciation Schedule

NAME COST OPENING VALUE PURCHASES DISPOSALS DEPRECIATION CLOSING VALUE

Modular Formwork 86,436 - 86,436 - 1,184 85,252

Modular Formwork 231,663 - 231,663 - 3,173 228,490
Modular Formwork 16,254 - 16,254 - 223 16,031
Modular Formwork 66,820 - 66,820 - 915 65,905
Modular Formwork 44,982 - 44,982 - 616 44,366
Modular Formwork 4,056 - 4,056 - 56 4,000
Modular Formwork 11,375 - 11,375 - 156 11,219
Modular Formwork 18,600 - 18,600 - 255 18,345
Modular Formwork 5,590 - 5,590 - 77 5,513
Modular Formwork 10,017 - 10,017 - 137 9,880
Modular Formwork 186,732 - 186,732 - 2,558 184,174
Modular Formwork 285,510 - 285,510 - 3,911 281,599
Modular Formwork 114,665 - 114,665 - 1,571 113,094
Packs Form Plywood Rips 308 - 308 - 4 303
Packs Form Plywood Rips 246 - 246 - 3 243
Pallet Jacks 3,200 - 3,200 - 44 3,156
Pallet Jacks 1,600 - 1,600 - 22 1,578
Prop 8,280 - 8,280 - 113 8,167
Prop 1,740 - 1,740 - 24 1,716
Prop 22,875 - 22,875 - 313 22,562
Prop 18,910 - 18,910 - 259 18,651
Prop 169,600 - 169,600 - 2,323 167,277
Prop 11,455 - 11,455 - 157 11,298
Prop 22,350 - 22,350 - 306 22,044
Prop 39,038 - 39,038 - 535 38,503
Prop 2,200 - 2,200 - 30 2,170
Prop 8,400 - 8,400 - 115 8,285
Props 69,000 - 69,000 - 945 68,055
Props 73,200 - 73,200 - 1,003 72,197
Props 5,400 - 5,400 - 74 5,326
Props 199,800 - 199,800 - 2,737 197,063
Sheets Mesh 6 - 6 - - 6
Stillages 20,746 - 20,746 - 189 20,557
Stillages 3,444 - 3,444 - 31 3,413
Stillages 23,944 - 23,944 - 219 23,725
Stillages 25,256 - 25,256 - 231 25,025
Stillages 820 - 820 - 7 813
Superslims 7,322 - 7,322 - 50 7,271
Tripod Stands 5,831 - 5,831 - 80 5,751
U Head Jacks 23,142 - 23,142 - 317 22,825
U Head Jacks 1,740 - 1,740 - 24 1,716
U Head Jacks 16,617 - 16,617 - 228 16,389
U Head Jacks 6,148 - 6,148 - 84 6,064
U Jacks 5,800 - 5,800 - 79 5,721
Used Formwork Plywood 13,325 - 13,325 - 183 13,142

The accompanying notes form part of these financial statements. These statements should be read in conjunction with the attached
compilation report.

Financial Statements Omega Structures Pty Ltd Page 12 of 14

Depreciation Schedule

NAME COST OPENING VALUE PURCHASES DISPOSALS DEPRECIATION CLOSING VALUE

Z Bar 420 - 420 - 3 417

Z Bar Nuts 517 - 517 - 4 513
Z Bar Plates 1,194 - 1,194 - 8 1,186
Total Plant & Equipment 4,096,532 - 4,096,532 - 53,846 4,042,687

Total 4,100,532 - 4,100,532 - 54,120 4,046,413

The accompanying notes form part of these financial statements. These statements should be read in conjunction with the attached
compilation report.

Financial Statements Omega Structures Pty Ltd Page 13 of 14

Compilation Report
Omega Structures Pty Ltd
For the year ended 30 June 2023
Compilation report to Omega Structures Pty Ltd

We have compiled the accompanying special purpose financial statements of Omega Structures Pty Ltd, which comprise the
balance sheet as at 30 June 2023, the income statement, a summary of significant accounting policies and other explanatory
notes. The specific purpose for which the special purpose financial statements have been prepared is set out in Note 1.

The Responsibility of the Directors

The directors of Omega Structures Pty Ltd are solely responsible for the information contained in the special purpose financial
statements, the reliability, accuracy and completeness of the information and for the determination that the basis of accounting
used is appropriate to meet their needs and for the purpose that financial statements were prepared.

Our Responsibility

On the basis of information provided by the directors we have compiled the accompanying special purpose financial statements
in accordance with the basis of accounting as described in Note 1 to the financial statements and APES 315 Compilation of
Financial Information.

We have applied our expertise in accounting and financial reporting to compile these financial statements in accordance with
the basis of accounting described in Note 1 to the financial statements. We have complied with the relevant ethical requirements
of APES 110 Code of Ethics for Professional Accountants.

Assurance Disclaimer

Since a compilation engagement is not an assurance engagement, we are not required to verify the reliability, accuracy or
completeness of the information provided to us by management to compile these financial statements. Accordingly, we do not
express an audit opinion or a review conclusion on these financial statements.

The special purpose financial statements were compiled exclusively for the benefit of the directors who are responsible for the
reliability, accuracy and completeness of the information used to compile them. Accordingly, these special purpose financial
statements may not be suitable for other purposes. We do not accept responsibility for the contents of the special purpose
financial statements.

Sharlene Ryan

Viden Advisory Pty Ltd

Building 2, Level 3 | 50 McDougall Street

MILTON QLD 4064

Dated: 11 December 2023

Financial Statements Omega Structures Pty Ltd Page 14 of 14

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