The company’s business activities, together with the factors likely to affect its future development and position, do not cast significant doubt about the company's ability to continue as a going concern.
The company is expected to continue to generate positive cash flows on its own account for the foreseeable future. The company participates in the group’s centralised treasury arrangements and so shares banking arrangements with its parent.
The director, having assessed the responses of the directors of the company’s parent Linkby PTY Ltd to their enquiries have no reason to believe that a material uncertainty exists that may cast significant doubt about the ability of the Linkby PTY Ltd Group to continue as a going concern or its ability to continue with the current banking arrangements.
On the basis of their assessment of the company’s financial position and of the enquiries made of the directors of Linkby PTY Ltd, the company’s director has a reasonable expectation that the company will be able to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.