Exhibit 99.3
TRITERRAS FINTECH PTE. LTD.
Statement of financial position
Aug 2020 | ||||
FY2021 | ||||
US$ | ||||
ASSETS | ||||
Non-current assets | 13,911,593 | |||
Trade receivables - external customers | 11,879,530 | |||
Trade receivables - related parties | 1,059,963 | |||
Other Assets - related parties | 2,551,017 | |||
Other assets | 2,048,678 | |||
Cash and cash equivalents | 5,889,493 | |||
Current assets | 23,428,681 | |||
Total assets | 37,340,274 | |||
EQUITY | ||||
Total equity | 30,577,436 | |||
LIABILITIES | ||||
Non current liability | 2,787,013 | |||
Trade and other payables | 1,398,850 | |||
Other Liabilities | 2,576,975 | |||
Current liabilities | 3,975,825 | |||
Total liabilities | 6,762,838 | |||
TOTAL LIABILITIES AND EQUITY | 37,340,274 |
TRITERRAS FINTECH PTE. LTD.
Profit or loss for the six months ended 31 August 2020
6 months | ||||
Aug-20 | ||||
US$ | ||||
Revenue | 23,692,234 | |||
Costs and expenses: | ||||
Cost of revenue | (2,567,280 | ) | ||
Research and development | (15,059 | ) | ||
Marketing and sales | (1,554,348 | ) | ||
General and administrative | (2,259,695 | ) | ||
Total costs and expenses | (6,396,382 | ) | ||
Results from operating activities | 17,295,852 | |||
Finance income | 10 | |||
Finance costs | (70,367 | ) | ||
Net finance (costs) / income | (70,357 | ) | ||
Profit before income tax | 17,225,495 | |||
Income tax expense | (3,017,443 | ) | ||
Profit for the period | 14,208,052 | |||
EBITDA | 17,324,713 |