90 AUD I TED F I NANC I AL STATEMENTS Figures in USD NOTES 31 DEC 2023 (RESTATED) 31 DEC 2022 (RESTATED) 01 JAN 2022 ASSETS Fixed assets 6 205,452 203,818 178,981 Prepaid expenses 348,685 225,843 354,544 Other receivables 27,666 372,727 – Reinsurance contract assets 11 3,156,143 592,407 14,459,581 Insurance contract asset 11 – – 655,042 Accrued investment income 752,033 376,202 390,521 Investment in Pula Advisors AG 8 315,675 315,675 2,000,000 Marketable investments 7 57,145,066 30,325,049 65,884,997 Cash and cash equivalents 9 36,461,759 44,665,971 44,150,939 Total assets 98,412,479 77,077,692 128,074,605 LIABILITIES Class C Members’ Returnable Capital 10 70,747,283 67,848,325 69,917,563 Insurance contract liabilities 11 27,509,941 27,382,443 34,381,912 Reinsurance contract liabilities 11 – 357,234 378,995 Deferred income - other 433,297 488,216 – Investment payables – – 14,999,730 Accounts payable and accrued liabilities 7,925,665 2,418,409 746,894 Total liabilities 106,616,186 98,494,627 120,425,094 MEMBERS’ EQUITY Reserve fund 12 250,000 250,000 250,000 Retained loss (24,057,001) (38,278,033) (11,471,672) Accumulated other comprehensive income: Class C Members’ equity grant 10 15,603,294 16,611,098 18,871,183 Total Members’ (Deficit)/Equity (8,203,707) (21,416,935) 7,649,511 Total Liabilities and Members’ Equity 98,412,479 77,077,692 128,074,605 APPROVED BY THE BOARD OF DIRECTORS DIRECTOR DIRECTOR FOR THE YEAR ENDED 31 DECEMBER 2023 STATEMENT OF FINANCIAL POSITION The accompanying notes are an integral part of these financial statements.
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