Urbanise.com Annual Report 2019

Annual Report 2019 Urbanise.com Limited In the Directors opinion: In the Directors opinion: i. there are reasonable grounds to believe that the Company will be able to pay its debts as and when they become due and payable; ii. the attached financial statements and notes set out on pages 15 to 83 are in accordance with the Corporations Act 2001 and give a true and fair view of the financial position and performance of the Group for the financial year ended on 30 June 2019. The Directors have been given the declarations required by section 295A of the Corporations Act 2001 . Note 1 confirms that the financial statements also comply with International Financial Reporting Standards as issued by the International Accounting Standards Board. At the date of this declaration, the company is within the class of companies affected by ASIC Class Order 98/1418. The nature of the deed of cross guarantee is such that each company which is party to the deed guarantees to each creditor payment in full of any debt in accordance with the deed of cross guarantee. In the directors’ opinion, there are reasonable grounds to believe that the company and the companies to which the ASIC Class Order applies, as detailed in Note 31 to the financial statements will, as a group, be able to meet any obligations or liabilities to which they are, or may become, subject by virtue of the deed of cross guarantee. Signed in accordance with a resolution of the Directors made pursuant to section 295(5) of the Corporations Act 2001 . On behalf of the Directors, Almero Strauss Chairman Sydney, 22 August 2019 Directors’ Declaration for the year ended 30 June 2019 84