Annual Statements for Emerging Capital Ltd (ECL)
| 31-Dec 2016 |
31-Dec 2015 |
31-Dec 2014 |
|
|---|---|---|---|
 |
|
|
|
| USD | USD | USD | |
| REVENUE | |||
| Revenue from activities/operations | 1,461,817 | 260,856 | |
| Total Revenue | 1,411,190 | 1,461,817 | 260,856 |
| Cost of sales | |||
| Gross Profit | 1,411,190 | 1,461,817 | 260,856 |
| EXPENSES | |||
| Travel Expenses | (57,733) | ||
| Employee Benefits Expense | (244,283) | (3,035) | |
| Depreciation | (343) | (386) | (36) |
| Professional Expenses | (1,045,977) | (147,084) | |
| Operating Expenses | (30,270) | ||
| Marketing & promotion | (7,956) | ||
| Listing Fees | (40,940) | (17,941) | |
| Occupancy/Property Expenses | (505) | (13) | |
| Auditor Remuneration | (2,750) | (3,000) | (2,063) |
| Financing costs | (61,200) | ||
| Gain Loss on disposal of Subsidiary | 369,752 | ||
| Other Expenses | (1,145,256) | (29,146) | (3,200) |
| Total Expenses | (1,308,222) | (1,379,464) | 214,321 |
| PROFIT / (LOSS) | |||
| Profit/Loss before income tax | 106,895 | 82,353 | 475,177 |
| Income tax/benefit expense | (6,731) | ||
| Profit/Loss after income tax | 106,895 | 75,622 | 475,177 |
| Total Comprehensive Income | 106,895 | 75,622 | |
| Total Profit/Loss | 475,177 | ||
| ASSETS | |||
| Current Assets | |||
| Cash and Cash Equivalents | 97 | 71,374 | 155,050 |
| Trade and Other Receivables | 4,149,730 | 1,475,118 | 833,078 |
| Financial Assets | 572,232 | ||
| Prepayments | 704,595 | 50,011 | 50,005 |
| Total Current Assets | 4,854,422 | 1,038,134 | |
| Non-Current Assets | |||
| Trade and other receivables | 3,617 | ||
| Property, Plant and Equipment | 2,887 | 3,230 | |
| Financial Assets | 749,066 | ||
| Total Non-Current Assets | 751,953 | 3,230 | 3,617 |
| Total Assets | 5,606,375 | 2,171,965 | 1,041,750 |
| LIABILITIES | |||
| Current Liabilities | |||
| Trade and other payables | 3,645 | ||
| Other Current liabilities | 2,000 | 16,189 | |
| Total Current Liabilities | 2,000 | 3,645 | 16,189 |
| Non-Current Liabilities | |||
| Total Liabilities | 2,000 | ||
| NET ASSETS | 5,604,375 | 2,168,320 | 1,025,561 |
| EQUITY | |||
| Total Equity | |||
| CASH FLOW | |||
| Net Cash provided by (used in) operating activities | (3,224,133) | (483,676) | 107,544 |
| Net Cash provided by (used in) investing activities | (176,834) | 47,507 | |
| Net Cash provided by (used in) financing activities | 3,329,690 | 400,000 | |
| Net Increase (decrease) in cash held | (71,277) | (83,676) | 155,050 |
| Cash at the beginning of the period | 71,374 | 155,050 | |
| Cash at the end of the period | 97 | 71,374 | 155,050 |