Replacement Annual Financial Report -19-

+----------------------------+----------+--------------+-------------+------------------+-------------------+ 
| Money market funds         |          |   7,450,724  |             |                  |        7,450,724  | 
|                            |          |              |           - |                - |                   | 
+----------------------------+----------+--------------+-------------+------------------+-------------------+ 
|                            |          |   7,850,423  |  9,253,585  |      31,426,193  |       48,530,201  | 
+----------------------------+----------+--------------+-------------+------------------+-------------------+ 
|                            |          |              |             |                  |                   | 
+----------------------------+----------+--------------+-------------+------------------+-------------------+ 
| Financial liabilities at   |          |              |             |                  |                   | 
| fair value through profit  |          |              |             |                  |                   | 
| or loss                    |          |              |             |                  |                   | 
+----------------------------+----------+--------------+-------------+------------------+-------------------+ 
|                            |          |              |             |                  |                   | 
+----------------------------+----------+--------------+-------------+------------------+-------------------+ 
| Derivative financial       |          |              |             |                  |                   | 
| assets                     |          |              |             |                  |                   | 
+----------------------------+----------+--------------+-------------+------------------+-------------------+ 
| Forward currency contracts |          |    (408,560) |             |                  |         (408,560) | 
|                            |          |              |           - |                - |                   | 
+----------------------------+----------+--------------+-------------+------------------+-------------------+ 
|                            |          |    (408,560) |             |                  |         (408,560) | 
|                            |          |              |           - |                - |                   | 
+----------------------------+----------+--------------+-------------+------------------+-------------------+ 
|                            |          |              |             |                  |                   | 
+----------------------------+----------+--------------+-------------+------------------+-------------------+ 
 
 
 
 
 
 
 
* Collateral debt obligations contains the investment in the subsidiary, Gale 
Force IV, of EUR7,859,922 
 
NOTES TO THE FINANCIAL STATEMENTS (continued) 
 
For the year ended 31 December 2009 
 
3.             FINANCIAL INSTRUMENTS AT FAIR VALUE THROUGH PROFIT OR LOSS 
(continued) 
 
Consolidated 
+-----------------------+----------+---------------+------------------+-------------------+---------------------+ 
|                       |          |                                                           31 December 2009 | 
+-----------------------+----------+----------------------------------------------------------------------------+ 
|                       |          |         Level |            Level |           Level 3 |               Total | 
|                       |          |             1 |                2 |                   |                     | 
+-----------------------+----------+---------------+------------------+-------------------+---------------------+ 
|                       |          |               |                  |                   |                     | 
+-----------------------+----------+---------------+------------------+-------------------+---------------------+ 
| Financial assets at   |          |               |                  |                   |                     | 
| fair value            |          |               |                  |                   |                     | 
| through profit or     |          |               |                  |                   |                     | 
| loss                  |          |               |                  |                   |                     | 
+-----------------------+----------+---------------+------------------+-------------------+---------------------+ 
| Financial assets held |          |               |                  |                   |                     | 
| for trading           |          |               |                  |                   |                     | 
+-----------------------+----------+---------------+------------------+-------------------+---------------------+ 
|                       |          |               |                  |                   |                     | 
+-----------------------+----------+---------------+------------------+-------------------+---------------------+ 
| Derivative financial  |          |               |                  |                   |                     | 
| assets                |          |               |                  |                   |                     | 
+-----------------------+----------+---------------+------------------+-------------------+---------------------+ 
| Forward currency      |          |      399,699  |                  |                   |            399,699  | 
| contracts             |          |               |                - |                 - |                     | 
+-----------------------+----------+---------------+------------------+-------------------+---------------------+ 
|                       |          |               |                  |                   |                     | 
+-----------------------+----------+---------------+------------------+-------------------+---------------------+ 
| Financial assets designated at fair              |                  |                   |                     | 
| value through profit or los                      |                  |                   |                     | 
+--------------------------------------------------+------------------+-------------------+---------------------+ 
|                       |          |               |                  |                   |                     | 
+-----------------------+----------+---------------+------------------+-------------------+---------------------+ 
| Collateralised debt   |          |               |       9,253,585  |       (9,212,455) |             41,130  | 
| obligations           |          |             - |                  |                   |                     | 
+-----------------------+----------+---------------+------------------+-------------------+---------------------+ 
| Equities              |          |               |                  |        271,140    |            271,140  | 
|                       |          |             - |                - |                   |                     | 
+-----------------------+----------+---------------+------------------+-------------------+---------------------+ 
| Money market funds    |          |    7,450,724  |                  |                   |          7,450,724  | 
|                       |          |               |                - |                 - |                     | 
+-----------------------+----------+---------------+------------------+-------------------+---------------------+ 
| Loans and receivables |          |               |     256,777,698  |                   |        256,777,698  | 
|                       |          |             - |                  |                 - |                     | 
+-----------------------+----------+---------------+------------------+-------------------+---------------------+ 
|                       |          |    7,850,423  |     266,031,283  |       (8,941,315) |        264,940,391  | 
+-----------------------+----------+---------------+------------------+-------------------+---------------------+ 
|                       |          |               |                  |                   |                     | 
+-----------------------+----------+---------------+------------------+-------------------+---------------------+ 
| Financial liabilities |          |               |                  |                   |                     | 
| at fair value through |          |               |                  |                   |                     | 
| profit or loss        |          |               |                  |                   |                     | 
+-----------------------+----------+---------------+------------------+-------------------+---------------------+ 
| Term notes            |          |               |                  |     (268,933,084) |       (268,933,084) | 
|                       |          |             - |                - |                   |                     | 
+-----------------------+----------+---------------+------------------+-------------------+---------------------+ 
|                       |          |               |                  |                   |                     | 
+-----------------------+----------+---------------+------------------+-------------------+---------------------+ 
| Derivative financial  |          |               |                  |                   |                     | 
| assets                |          |               |                  |                   |                     | 
+-----------------------+----------+---------------+------------------+-------------------+---------------------+ 
| Forward currency      |          |     (408,560) |                  |                   |           (408,560) | 
| contracts             |          |               |                - |                 - |                     |