|
|
FOR THE YEAR ENDED |
|
|
CONSOLIDATED FINANCIAL STATEMENTS |
Contents |
Page |
Strategic report |
1 |
Directors' report |
3 |
Independent auditor's report to the members |
5 |
Consolidated statement of comprehensive income |
8 |
Consolidated statement of financial position |
9 |
Company statement of financial position |
10 |
Consolidated statement of changes in equity |
11 |
Company statement of changes in equity |
12 |
Consolidated statement of cash flows |
13 |
Notes to the consolidated financial statements |
14 |
|
STRATEGIC REPORT |
2024 | 2023 | |||
£ | £ | |||
Turnover | 8,258,977 | 14,919,748 | ||
Gross profit margin | 33.7% | 27.4% | ||
|
Director |
Registered office: |
|
|
|
|
|
United Kingdom |
|
|
DIRECTORS' REPORT |
|
|
|
Director |
Registered office: |
|
|
|
|
|
United Kingdom |
|
|
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
|
|
(Senior Statutory Auditor) |
For and on behalf of |
|
Chartered Accountants & Statutory Auditor |
2 Crossways Business Centre |
Bicester Road |
Kingswood |
Aylesbury |
Bucks |
HP18 0RA |
|
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME |
Period from |
|||
Year to |
26 Sep 22 to |
||
30 Apr 24 |
30 Apr 23 |
||
Note |
£ |
£ |
|
Turnover |
4 |
|
|
Cost of sales |
(
|
(
|
----------- |
------------ |
|
Gross profit |
|
|
Administrative expenses |
(
|
(
|
|
Gain on disposal of shares in group undertakings |
5,562,852 |
– |
|
Gain on disposal of shares in joint ventures |
7,400,082
|
– |
|
------------ |
----------- |
||
Operating profit |
5 |
|
|
Share of profit of associates |
13 |
|
|
Share of loss of joint ventures |
13 |
(
|
– |
Other interest receivable and similar income |
8 |
|
|
Interest payable and similar expenses |
9 |
(
|
(
|
------------ |
----------- |
||
Profit before taxation |
|
|
|
Tax on profit |
10 |
(
|
(
|
------------ |
----------- |
||
Profit for the financial year and total comprehensive income |
|
|
|
------------ |
----------- |
||
The owners of the parent company |
|
|
Non-controlling interests |
|
|
------------ |
----------- |
|
|
|
|
------------ |
----------- |
|
|
CONSOLIDATED STATEMENT OF FINANCIAL POSITION |
2024 |
2023 |
|||
Note |
£ |
£ |
||
Intangible assets |
11 |
|
|
||
Tangible assets |
12 |
|
|
||
Investments: |
13 |
||||
Investments in associates |
51 |
802,611 |
|||
----------- |
----------- |
||||
|
|
||||
Stocks |
14 |
|
|
||
Debtors |
15 |
|
|
||
Cash at bank and in hand |
|
|
|||
------------ |
------------ |
||||
|
|
||||
Creditors: amounts falling due within one year |
16 |
(
|
(
|
||
------------ |
------------ |
||||
Net current assets/(liabilities) |
|
(
|
|||
------------ |
----------- |
||||
Total assets less current liabilities |
|
|
|||
Taxation, including deferred taxation |
17 |
(
|
(
|
||
------------ |
----------- |
||||
Net assets |
|
|
|||
------------ |
----------- |
||||
Called up share capital |
20 |
|
|
||
Profit and loss account |
|
|
|||
----------- |
----------- |
||||
Equity attributable to the owners of the parent company |
|
|
|||
Non-controlling interests |
|
|
||
------------ |
----------- |
|||
|
|
|||
------------ |
----------- |
|||
|
Director |
|
COMPANY STATEMENT OF FINANCIAL POSITION |
2024 |
2023 |
|||
Note |
£ |
£ |
||
Investments |
13 |
|
|
||
Debtors |
15 |
|
|
||
Cash at bank and in hand |
|
|
|||
------------ |
------------ |
||||
|
|
||||
Creditors: amounts falling due within one year |
16 |
(
|
(
|
||
------------ |
------------ |
||||
Net current liabilities |
(
|
(
|
|||
----------- |
----------- |
||||
Total assets less current liabilities |
|
|
|||
----------- |
----------- |
||||
Net assets |
|
|
|||
----------- |
----------- |
||||
Called up share capital |
20 |
|
|
||
Profit and loss account |
|
|
|||
----------- |
----------- |
||||
Shareholders funds |
|
|
|||
----------- |
----------- |
||||
|
Director |
|
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY |
Called up share capital |
Profit and loss account |
Equity attributable to the owners of the parent company |
Non-controlling interests |
Total |
|
£ |
£ |
£ |
£ |
£ |
|
At 26 September 2022 |
– |
– |
– |
– |
– |
Profit for the year |
|
|
|
|
|
---- |
----------- |
----------- |
----------- |
----------- |
|
Total comprehensive income for the year |
– |
|
|
|
|
Issue of shares |
|
– |
|
– |
|
Dividends paid and payable |
– |
– |
– |
(
|
(
|
Acquisition of subsidiary with minority interest |
– |
– |
– |
|
|
---- |
----------- |
----------- |
----------- |
----------- |
|
Total investments by and distributions to owners |
|
– |
|
(
|
(
|
At 30 April 2023 |
|
|
|
|
|
Profit for the year |
|
|
|
|
|
---- |
----------- |
----------- |
----------- |
------------ |
|
Total comprehensive income for the year |
– |
|
|
|
|
Dividends paid and payable |
– |
– |
– |
(
|
(
|
---- |
---- |
---- |
----------- |
----------- |
|
Total investments by and distributions to owners |
– |
– |
– |
(
|
(
|
---- |
----------- |
----------- |
----------- |
------------ |
|
At 30 April 2024 |
|
|
|
|
|
---- |
----------- |
----------- |
----------- |
------------ |
|
|
COMPANY STATEMENT OF CHANGES IN EQUITY |
Called up share capital |
Profit and loss account |
Total |
|
£ |
£ |
£ |
|
At 26 September 2022 |
– |
– |
– |
Profit for the year |
|
|
|
---- |
----------- |
----------- |
|
Total comprehensive income for the year |
– |
|
|
Issue of shares |
|
– |
|
---- |
----------- |
----------- |
|
Total investments by and distributions to owners |
|
– |
|
At 30 April 2023 |
|
|
|
Profit for the year |
|
|
|
---- |
----------- |
----------- |
|
Total comprehensive income for the year |
– |
|
|
---- |
----------- |
----------- |
|
At 30 April 2024 |
|
|
|
---- |
----------- |
----------- |
|
|
CONSOLIDATED STATEMENT OF CASH FLOWS |
2024 |
2023 |
|
£ |
£ |
|
Profit for the financial year |
|
|
Adjustments for: |
||
Depreciation of tangible assets |
|
|
Amortisation of intangible assets |
|
|
Share of profit of associates |
(
|
(
|
Share of loss of joint ventures |
|
– |
Other interest receivable and similar income |
(
|
(
|
Interest payable and similar expenses |
|
|
Tax on profit |
|
|
(Gain)/loss on disposal of shares in group undertakings |
(5,562,852) |
– |
(Gain)/loss on disposal of shares in joint ventures |
(7,400,082) |
– |
Changes in: |
||
Stocks |
(
|
(
|
Trade and other debtors |
|
(
|
Trade and other creditors |
(
|
|
------------ |
------------ |
|
Cash generated from operations |
(
|
(
|
Tax paid |
(
|
– |
----------- |
----------- |
|
Net cash used in operating activities |
(
|
(
|
----------- |
----------- |
|
Purchase of tangible assets |
(
|
(
|
Acquisition of subsidiaries |
– |
(
|
Proceeds from sale of subsidiaries |
|
– |
Proceeds from sales of interests in joint ventures |
|
– |
Dividends received |
|
– |
Interest received |
|
|
Net cash acquired with subsidiary undertaking |
– |
2,619,633
|
Net cash disposed of with subsidiaries |
(19,406)
|
– |
------------ |
----------- |
|
Net cash from/(used in) investing activities |
|
(
|
------------ |
----------- |
|
Proceeds from issue of ordinary shares |
– |
|
Loans from group undertakings |
|
– |
Loans to participating interests |
(
|
– |
Interest paid |
(
|
(
|
Loans (to)/from other related entities |
(18,331,132)
|
9,860,755
|
Dividends paid to non-controlling interests |
(1,188,545)
|
(954,116)
|
------------ |
----------- |
|
Net cash (used in)/from financing activities |
(
|
|
------------ |
----------- |
|
Net increase in cash and cash equivalents |
|
|
Cash and cash equivalents at beginning of year |
3,122,467 |
– |
----------- |
----------- |
|
Cash and cash equivalents at end of year |
|
|
----------- |
----------- |
|
|
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS |
Goodwill |
- |
|
|
Freehold property |
- |
|
|
Fixtures and fittings |
- |
|
|
Period from |
|||
Year to |
26 Sep 22 to |
||
30 Apr 24 |
30 Apr 23 |
||
£ |
£ |
||
Rendering of services |
|
|
|
Construction contracts |
|
|
|
----------- |
------------ |
||
|
|
||
----------- |
------------ |
||
Period from |
|||
Year to |
26 Sep 22 to |
||
30 Apr 24 |
30 Apr 23 |
||
£ |
£ |
||
Amortisation of intangible assets |
|
|
|
Depreciation of tangible assets |
|
|
|
Foreign exchange differences |
|
|
|
-------- |
------- |
||
Period from |
|||
Year to |
26 Sep 22 to |
||
30 Apr 24 |
30 Apr 23 |
||
£ |
£ |
||
Fees payable for the audit of the consolidated financial statements |
|
|
|
-------- |
------- |
||
2024 |
2023 |
||
No. |
No. |
||
Production staff |
|
|
|
Management staff |
5 |
4 |
|
---- |
---- |
||
|
|
||
---- |
---- |
||
Period from |
|||
Year to |
26 Sep 22 to |
||
30 Apr 24 |
30 Apr 23 |
||
£ |
£ |
||
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Other pension costs |
|
|
|
----------- |
-------- |
||
|
|
||
----------- |
-------- |
||
Period from |
|||
Year to |
26 Sep 22 to |
||
30 Apr 24 |
30 Apr 23 |
||
£ |
£ |
||
Interest on loans and receivables |
48,421 |
13,446 |
|
Interest on cash and cash equivalents |
|
– |
|
-------- |
------- |
||
|
|
||
-------- |
------- |
||
Period from |
|||
Year to |
26 Sep 22 to |
||
30 Apr 24 |
30 Apr 23 |
||
£ |
£ |
||
Interest on banks loans and overdrafts |
|
|
|
Other interest payable and similar charges |
|
|
|
------ |
------- |
||
|
|
||
------ |
------- |
||
Period from |
|||
Year to |
26 Sep 22 to |
||
30 Apr 24 |
30 Apr 23 |
||
£ |
£ |
||
UK current tax income |
|
|
|
Adjustments in respect of prior periods |
|
– |
|
-------- |
-------- |
||
Total current tax |
|
|
|
-------- |
-------- |
||
Origination and reversal of timing differences |
(
|
|
|
Adjustments in respect of prior periods |
(451)
|
– |
|
------- |
------- |
||
Total deferred tax |
(
|
|
|
-------- |
-------- |
||
Tax on profit |
|
|
|
-------- |
-------- |
||
Period from |
|||
Year to |
26 Sep 22 to |
||
30 Apr 24 |
30 Apr 23 |
||
£ |
£ |
||
Profit on ordinary activities before taxation |
|
|
|
------------ |
----------- |
||
Profit on ordinary activities by rate of tax |
|
|
|
Adjustment to tax charge in respect of prior periods |
|
– |
|
Effect of expenses not deductible for tax purposes |
|
|
|
Unused tax losses |
|
– |
|
Income not taxable for tax purposes |
(3,508,439)
|
(89,212)
|
|
Investment tax credit |
– |
(4,600)
|
|
Adjustments in respect of prior periods - deferred tax |
(451)
|
– |
|
Adjustment to closing deferred tax to average rate |
– |
5,324
|
|
------------ |
----------- |
||
Tax on profit |
|
|
|
------------ |
----------- |
||
Group |
Goodwill |
£ |
|
Cost |
|
At 1 May 2023 and 30 April 2024 |
|
----------- |
|
Amortisation |
|
At 1 May 2023 |
|
Charge for the year |
|
----------- |
|
At 30 April 2024 |
|
----------- |
|
Carrying amount |
|
At 30 April 2024 |
|
----------- |
|
At 30 April 2023 |
|
----------- |
|
Group |
Freehold property |
Fixtures and fittings |
Total |
£ |
£ |
£ |
|
Cost |
|||
At 1 May 2023 |
|
– |
|
Additions |
– |
|
|
Transfers |
(145,427)
|
145,427
|
– |
----------- |
-------- |
----------- |
|
At 30 April 2024 |
|
|
|
----------- |
-------- |
----------- |
|
Depreciation |
|||
At 1 May 2023 |
|
– |
|
Charge for the year |
– |
|
|
Transfers |
(7,858)
|
7,858
|
– |
----------- |
-------- |
----------- |
|
At 30 April 2024 |
– |
|
|
----------- |
-------- |
----------- |
|
Carrying amount |
|||
At 30 April 2024 |
|
|
|
----------- |
-------- |
----------- |
|
At 30 April 2023 |
|
– |
|
----------- |
-------- |
----------- |
|
Group |
Interests in associates |
Joint ventures |
Total |
£ |
£ |
£ |
|
Share of net assets/cost |
|||
At 1 May 2023 |
|
– |
|
Additions |
|
|
|
Disposals |
– |
(
|
(
|
Share of profit or loss |
|
(
|
|
Dividends received |
(
|
– |
(
|
----------- |
---- |
----------- |
|
At 30 April 2024 |
|
– |
|
----------- |
---- |
----------- |
|
Impairment |
|||
At 1 May 2023 and 30 April 2024 |
– |
– |
– |
----------- |
---- |
----------- |
|
Carrying amount |
|||
At 30 April 2024 |
|
– |
|
----------- |
---- |
----------- |
|
At 30 April 2023 |
|
– |
|
----------- |
---- |
----------- |
|
Company |
Shares in group undertakings |
£ |
|
Cost |
|
At 1 May 2023 and 30 April 2024 |
|
----------- |
|
Impairment |
|
At 1 May 2023 and 30 April 2024 |
– |
----------- |
|
Carrying amount |
|
At 1 May 2023 and 30 April 2024 |
|
----------- |
|
At 30 April 2023 |
|
----------- |
|
Name of company | Country of incorporation | Class of share | Percentage of shares held | ||
Padero Solaer Ltd | England and Wales | Ordinary | 60% | ||
Blue Planet Solar Ltd | England and Wales | Ordinary | 60% | ||
Carbon Free 2030 Energy Ltd | England and Wales | Ordinary | 60% | ||
Clean Air Renewables Ltd | England and Wales | Ordinary | 60% | ||
Clean Planet Solar Farm Ltd | England and Wales | Ordinary | 60% | ||
Green Energy Storage 140 Ltd | England and Wales | Ordinary | 60% | ||
Green Hydrogen Solar Farm Ltd | England and Wales | Ordinary | 60% | ||
One Planet Solar Farm Ltd | England and Wales | Ordinary | 60% | ||
PS-Gander-Down Solar Farm Ltd | England and Wales | Ordinary | 60% | ||
The Clean Future Renewables Ltd | England and Wales | Ordinary | 60% | ||
WSE Afon Llan Ltd | England and Wales | Ordinary | 60% | ||
WSE Cox's Brook Ltd | England and Wales | Ordinary | 60% | ||
A Perfect Planet Solar Farm Ltd | England and Wales | Ordinary | 60% | ||
Hamer Warren Bess Ltd | England and Wales | Ordinary | 60% | ||
Living Energy SPV 99 Ltd | England and Wales | Ordinary | 60% | ||
Simple Energy SPV 100 Ltd | England and Wales | Ordinary | 60% | ||
PS-Level-Up Solar Farm Ltd | England and Wales | Ordinary | 60% | ||
PS-Clean-Air Solar Farm Ltd | England and Wales | Ordinary | 60% | ||
Protect Our Planet Energy Ltd | England and Wales | Ordinary | 60% | ||
Pure Life Energy SPV Ltd | England and Wales | Ordinary | 60% | ||
Save Our Planet Energy Ltd | England and Wales | Ordinary | 60% | ||
Crockwell Hill Solar Farm Ltd | England and Wales | Ordinary | 60% | ||
Church Lane Solar Farm Ltd | England and Wales | Ordinary | 60% | ||
Lady Wood Solar Farm Ltd | England and Wales | Ordinary | 60% | ||
Mawkin Solar Farm Ltd | England and Wales | Ordinary | 60% | ||
Skye Green Solar Farm Ltd | England and Wales | Ordinary | 60% | ||
Jigg FM UK Ltd | England and Wales | Ordinary | 36% | ||
Sunnica Ltd | England and Wales | Ordinary | 18% | ||
Sunnica Farm Ltd | England and Wales | Ordinary | 18% | ||
Sunnica Energy Farm Ltd | England and Wales | Ordinary | 18% | ||
Sunnica Energy Ltd | England and Wales | Ordinary | 18% | ||
Rosefield Energyfarm Ltd | England and Wales | Ordinary | 29% | ||
PSH Holdings Ltd | England and Wales | Ordinary | 30% | ||
One Earth 740 SPV Ltd | England and Wales | Ordinary | 48% | ||
PACE PSR Renewable Energy Hold Co Ltd | England and Wales | Ordinary | 30% | ||
Tranquility Energy Ltd | England and Wales | Ordinary | 48% | ||
One Earth Solar Farm Ltd | England and Wales | Ordinary | 48% | ||
PACE Angus Energy Ltd | England and Wales | Ordinary | 30% | ||
PACE Astral Energy Ltd | England and Wales | Ordinary | 30% | ||
PACE Brigadier Energy Ltd | England and Wales | Ordinary | 30% | ||
PACE Koyoto Energy Ltd | England and Wales | Ordinary | 30% | ||
PACE Lilac Energy Ltd | England and Wales | Ordinary | 30% | ||
PACE Maia Energy Ltd | England and Wales | Ordinary | 30% | ||
PACE Nighthawk Energy Ltd | England and Wales | Ordinary | 30% | ||
PACE Olive Energy Ltd | England and Wales | Ordinary | 30% | ||
PACE Pickle Energy Ltd | England and Wales | Ordinary | 30% | ||
PACE Quantum Energy Ltd | England and Wales | Ordinary | 30% | ||
PACE Rex Energy Ltd | England and Wales | Ordinary | 30% | ||
PACE Rudder Energy Ltd | England and Wales | Ordinary | 30% | ||
PACE Strike Energy Ltd | England and Wales | Ordinary | 30% | ||
PACE Tribute Energy Ltd | England and Wales | Ordinary | 30% | ||
PACE Underhill Energy Ltd | England and Wales | Ordinary | 30% | ||
PACE Vanish Energy Ltd | England and Wales | Ordinary | 30% | ||
PACE Warrior Energy Ltd | England and Wales | Ordinary | 30% | ||
PACE Wedge Energy Ltd | England and Wales | Ordinary | 30% | ||
PACE Xtreme Energy Ltd | England and Wales | Ordinary | 30% | ||
PACE Yoyo Energy Ltd | England and Wales | Ordinary | 30% | ||
PACE Zulu Energy Ltd | England and Wales | Ordinary | 30% | ||
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Work in progress |
|
|
– |
– |
------------ |
------------ |
---- |
---- |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Trade debtors |
|
|
– |
– |
Amounts owed by group undertakings |
|
– |
|
|
Amounts owed by undertakings in which the company has a participating interest |
|
|
– |
– |
Deferred tax asset |
– |
– |
|
|
Prepayments and accrued income |
|
|
– |
– |
Amounts owed by other related entities |
140
|
8,939,818
|
100
|
8,925,418
|
Other debtors |
|
|
|
|
------------ |
------------ |
------------ |
------------ |
|
|
|
|
|
|
------------ |
------------ |
------------ |
------------ |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Trade creditors |
|
|
– |
– |
Amounts owed to group undertakings |
|
– |
|
– |
Amounts owed to undertakings in which the company has a participating interest |
|
– |
– |
– |
Accruals and deferred income |
|
|
|
|
Corporation tax |
|
|
– |
– |
Social security and other taxes |
– |
|
– |
|
Amounts owed to other related entities |
15,095,992
|
33,559,439
|
– |
14,044,935
|
Other creditors |
|
|
– |
– |
------------ |
------------ |
------------ |
------------ |
|
|
|
|
|
|
------------ |
------------ |
------------ |
------------ |
|
Group |
Deferred tax (note 18) |
£ |
|
At 1 May 2023 |
|
Amounts recognised in profit and loss account |
(16,924)
|
------- |
|
At 30 April 2024 |
|
------- |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Included in debtors (note 15) |
– |
– |
|
|
Included in provisions for liabilities (note 17) |
(
|
(
|
– |
– |
------ |
------- |
------- |
------ |
|
(
|
(
|
|
|
|
------ |
------- |
------- |
------ |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Accelerated capital allowances |
(
|
(
|
– |
– |
Unused tax losses |
|
|
|
|
------- |
------- |
------- |
------ |
|
(7,242) |
(24,166) |
28,212 |
8,342 |
|
------- |
------- |
------- |
------ |
|
2024 |
2023 |
|||
No. |
£ |
No. |
£ |
|
|
|
100 |
|
100 |
---- |
---- |
---- |
---- |
|
At 1 May 2023 |
Cash flows |
At 30 Apr 2024 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
3,319,533 |
|
----------- |
----------- |
----------- |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Not later than 1 year |
|
|
– |
– |
Later than 1 year and not later than 5 years |
|
|
– |
– |
Later than 5 years |
|
– |
– |
– |
-------- |
------- |
---- |
---- |
|
|
|
– |
– |
|
-------- |
------- |
---- |
---- |
|
2024 | 2023 | |
£ | £ | |
Sales to entities over which the entity has control, joint control or significant interest | 66,582 | 626 |
Purchases from entities over which the entity has control, joint control or significant interest | 100,677 | 183,493 |
Amounts due from entities over which the entity has control, joint control or significant interest | 1,562,945 | 226,194 |
Amounts due to entities over which the entity has control, joint control or significant interest | 53 | 120,572 |
Interest receivable from entities over which the entity has control, joint control or significant interest | 48,326 | – |
Amounts due to entities with control over the company | 22,820,326 | – |
Sales to other related parties | 7,009,957 | 11,537,763 |
Purchases from other related parties | 643,585 | 275,478 |
Management charges from other related parties | 108,000 | 97,672 |
Amounts due from other related parties | 17,867,399 | 16,393,110 |
Amounts due to other related parties | 13,653,055 | 33,559,439 |
Management fees from entities that provide key management personnel | 72,000 | – |
Amounts due to key management personnel | 1,442,938 | – |
|
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued) |
2024 | 2023 | |
£ | £ | |
Amounts due to entities with control over the company | 22,820,326 | – |
Sales to entities over which the entity has control | – | 56,234 |
Amounts due from entities over which the entity has control | 4,231,174 | 1,731,174 |
Amounts due from other related entities | 16,615,135 | 8,925,418 |
Amounts due to other related entities | – | 14,044,935 |
£ |
|||||
Cash at bank and in hand |
19,406 |
||||
Stock and work in progress |
530,209 |
||||
Debtors |
61,680 |
||||
Creditors |
(624,147) |
||||
-------- |
|||||
Total identifiable net assets/(liabilities) |
(12,852) |
||||
Gain on disposal |
5,562,852 |
||||
----------- |
|||||
Proceeds |
5,550,000 |
||||
----------- |
|||||
Cash |
5,550,000 |
|||
----------- |
||||
Total |
5,550,000 |
|||
----------- |
||||