Preliminary Announcement for the Year ended 30 June 2018

CSM GROUP LIMITED
P. O Box 105 745, Auckland City 1143

13th September 2018

announce@nzx.com

The Company is pleased to release its unaudited preliminary results for the year ended 30 June 2018.

Preliminary Financial Statements for the year ended 30 June 2018 (unaudited)


CSM GROUP LIMITED (formerly Orion Minerals Group Limited)
Results for Release to the Market
Reporting Period 12 Months to 30 June 2018
Previous Reporting Period 12 Months to 30 June 2017

Amount US $000’s Percentage change
Revenue from ordinary activities
- Discontinued activities

$393

(17.95) %
Profit (Loss) from ordinary activities after
tax attributable to security holder

($542)

54.38 %
Net Profit (Loss) attributable to security
holders

($540)

53.89 %
Interim Dividend It is not proposed to pay a
dividend

Record date N/a
Dividend date N/a


The Company’s Presentation Currency is US Dollars

Results
The Group’s preliminary financial results for 2018 are attached.

These attached results include:
• Statement of comprehensive income
• Statement of movements in equity
• Statement of financial position
• Statement of cashflows
• Segmental information

The Group’s result shows a net loss of US$542,000 for the year ended 30 June 2018. The total comprehensive
loss for the year to 30 June 2018 is USD $540,000. The company holds its cash reserves in Australian dollars as
that is the currency where its major expenditure occurs but it reports in the Group’s presentation currency of US
Dollars.
The Company had 414,550,000 ordinary shares on issue during the reporting period. No shares were issued
during the reporting period.

The net tangible assets per share as at 30 June 2018 is USD 0.47 cents (2017: USD 0.60 cents).

The basic and diluted loss per share for the 30 June 2018 period was:
• Continued activities USD 0.1052 cents (2017: USD 0.0796 cents).
• Discontinued activities USD 0.0256 cents (2017: USD 0.2070 cents).
• Total USD 0.1308 cents (2017: USD 0.2866 cents).

Directors’ Report

CSM Group Operations

Following the decision last financial year to cease operations at its wholly owned subsidiary China Scrap Metal
Resources Pty Ltd (“CSM Pty”) the company has continued to wind down that business and proceed to a voluntary
winding up of that entity.

The financial results reflect the decision to minimise costs, wind down and exit the Australian operation, CSM Pty.

The wind down has taken the following steps:
• CSM Pty has sold all of its scrap metal inventory.
• CSM Pty has sold all of its property, plant and equipment as the operations were wound down.
• CSM Pty employees’ service with CSM Pty ceased on 30 September 2017.
• CSM Pty undertook a land reinstatement programme in respect of the site in Lara, to return the site to the
state it was in as at the commencement of the lease.
• The Lara site has been formally handed back to the landlord.

As cash has been realised from the sale of inventory, property, plant and equipment and local liabilities satisfied,
surplus funds have been transferred to the parent company, CSM Group.

Future Options
Following the winding up of CSM Pty, the Company will revert to operating as a listed shell, with considerable cash
resources and no debt. The Company has no term liabilities, and will have limited ongoing liabilities, most of which
are associated with maintaining a listing on the NZAX market.

The options available for CSM Group include:
• finding a business operation to invest in;
• undertaking a reverse listing of a business seeking a stock exchange listing;
• the voluntary liquidation of the Company, and the distribution of the net proceeds of the liquidation to the
shareholders of the Company.

No decision has yet been made as to which course of action the Company shall take in the future.

Result
The financial result for the Group for the year ended 30 June 2018 is a loss of USD $542,000.