text: <html>
          <head> <meta charset="UTF-8">
          <style>
          table, th, td {
              border: 1px solid black;
              font-size: 10px;
          }
          </style> </head>
          <body>
          <table frame="hsides" rules="groups" width="100%%">
              [html]<thead><tr><td>The Financial Report of Kingrate Consolidated Limited ( Kingsgate or the “ Company ”) for the year ended 30 June 2013 was authorised for issue in accordance with a resolution of Directors on 23 September 2013.</td><td>in Australian dollars, which is functional currency and presRounding of amounts</td></tr></thead><tbody><tr><td>Kingsgate is a Company limited by shares incorporated in Australia whose shares are publicly tradied on the Australian Securities Exchange using the ASX code KCN. The consolidated financial statements of the Company as at and</td><td>The Company is of a lind reficiass Order 98 ( 100 dated 10 accordance with that Class I information presented in Aus been rounded to the nearest certain cases, the nearest dortain cases, the nearest do</td></tr><tr><td>for the year ended 30 lune 2013 comprise the Company and its subsidiaries ( together referred to as the “ Group ” and individually as “ Group entities ”). A description of the nature of the Group ’ s operations and its principal activities is is</td><td>Critical accounting estimates</td></tr><tr><td>The preparation of financial sthe use of certain critical accolt : also requires management judgement in the process of Croup ’ s accounting policies. a higher degree of judgemen</td><td>1. BASIS OF PHEPARAIION</td></tr><tr><td>The general purpose financial statements have been prepared in accordance with Australian Accounting Standards, other authoritative pronouncements of the Australian Accounting Standards Board and the Corjoretties Act 2003</td><td>Allelested</td></tr><tr><td>purpose of preparing : the financial statements.</td><td>The principal accounting po preparation of the financial</td></tr><tr><td>Compliance with IFRS</td><td>The financial statements comply with International Financial Beporting Standards ( IFRS ) adopted by the International Accounting Standards Board ( IASB ).</td></tr><tr><td>Princinleenference</td><td>a.</td></tr><tr><td>Principles of consc</td><td>( i )</td></tr><tr><td>Business combinations</td><td>Historical cost convention</td></tr><tr><td>Business combinations are the acquisition method as a the acquisition method as a there intervention the Croup. Community transferred to the Group. Covern the financial and open the forest consideration potential vortical and considi</td><td>The financial statements have been prepared under the historical cost convention, as modified by the nevaluation of available - for - sale financial available for sale financial available for entity and financial interventions and fil</td></tr><tr><td>In assessing control, the Cro consideration potential votir currently are exercisable.</td><td>The financial statements of the Group entities are measured using the currency of the primary economic environment in which the entity operates (“ the functional currency ”). The consolidated financial statements are presented</td></tr><tr><td>The consideration transferre of a subsidiary comprises the assets transferred, the liabilitie equity interests issued b consideration transferred do</td></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr></tbody>
          </table> </body> </html>