NQXT Holdings 2022 Annual Report, Pg. 31

1. ASIC Form 388 Ref 169795240
Page 1 of 2
Australian Securities &
Investments Commission
Electronic Lodgement
Document No. 7EBV18765
Lodgement date/time: 08-08-2022 11:24:24
Reference Id: 169795240
Form 388
Corporations Act 2001
294, 295, 298-300, 307, 308, 319, 321, 322
Corporations Regulations
1.0.08
Copy of financial statements and reports
Company details
Company name
NORTH QUEENSLAND EXPORT
TERMINAL HOLDINGS PTY LTD
ACN
154 644 685
Reason for lodgement of statement and reports
A small proprietary company that is controlled by a foreign company for all
or part of the period and where the company's profit or loss for that period
is not covered by statements lodged with ASIC by a registered foreign
company, registered scheme or disclosing entity
Dates on which financial
year ends
Financial year end date
31-03-2022
Auditor's report
Were the financial statements audited?
Yes
Is the opinion/conclusion in the report modified? (The opinion/conclusion in
the report is qualified, adverse or disclaimed)
No
Does the report contain an Emphasis of Matter and/or Other Matter
paragraph?
Yes
Details of current auditor or auditors
Current auditor
ABN/ACN
33134022870

2. Form 388 - Copy of financial statements and reports
NORTH QUEENSLAND EXPORT TERMINAL HOLDINGS PTY LTD ACN 154 644 685
ASIC Form 388 Ref 169795240
Page 2 of 2
Company Name
BDO Audit Pty Ltd
Address
Level 10
12 Creek Street
Brisbane QLD 4000
Australia
Certification
I certify that the attached documents are a true copy of the original reports
required to be lodged under section 319 of the Corporations Act 2001.
Yes
Signature
Select the capacity in which you are lodging the form
Secretary
I certify that the information in this form is true and complete and that I am
lodging these reports as, or on behalf of, the company.
Yes
Authentication
This form has been submitted by
Name Rajesh GUPTA
Date 08-08-2022
For more help or information
Web www.asic.gov.au
Ask a question? www.asic.gov.au/question
Telephone 1300 300 630

7. Level 10, 12 Creek Street
Brisbane QLD 4000
GPO Box 457 Brisbane QLD 4001
Australia
Tel: +61 7 3237 5999
Fax: +61 7 3221 9227
www.bdo.com.au
BDO Audit Pty Ltd ABN 33 134 022 870 is a member of a national association of independent entities which are all members of BDO
Australia Ltd ABN 77 050 110 275, an Australian company limited by guarantee. BDO Audit Pty Ltd and BDO Australia Ltd are members of
BDO International Ltd, a UK company limited by guarantee, and form part of the international BDO network of independent member
firms. Liability limited by a scheme approved under Professional Standards Legislation.
DECLARATION OF INDEPENDENCE BY C R JENKINS TO THE DIRECTORS OF NORTH QUEENSLAND
EXPORT TERMINAL HOLDINGS PTY LTD
As lead auditor of North Queensland Export Terminal Holdings Pty Ltd for the year ended 31 March
2022, I declare that, to the best of my knowledge and belief, there have been:
1. No contraventions of the auditor independence requirements of the Corporations Act 2001 in
relation to the audit; and
2. No contraventions of any applicable code of professional conduct in relation to the audit.
This declaration is in respect of North Queensland Export Terminal Holdings Pty Ltd and the entities it
controlled during the year.
C R Jenkins
Director
BDO Audit Pty Ltd
Brisbane, 2022

34. Level 10, 12 Creek Street
Brisbane QLD 4000
GPO Box 457 Brisbane QLD 4001
Australia
Tel: +61 7 3237 5999
Fax: +61 7 3221 9227
www.bdo.com.au
INDEPENDENT AUDITOR'S REPORT
To the members of North Queensland Export Terminal Holdings Pty Ltd
Report on the Audit of the Financial Report
Opinion
We have audited the financial report of North Queensland Export Terminal Holdings Pty Ltd (the
Company) and its subsidiaries (the Group), which comprises the consolidated statement of financial
position as at 31 March 2022, the consolidated statement of comprehensive income, the consolidated
statement of changes in equity and the consolidated statement of cash flows for the year then ended,
and notes to the financial report, including a summary of significant accounting policies and the
In our opinion the accompanying financial report of North Queensland Export Terminal Holdings Pty
Ltd, is in accordance with the Corporations Act 2001, including:
(i) Giving a true and fair view of the financial position as at 31 March 2022 and of its
financial performance for the year ended on that date; and
(ii) Complying with Australian Accounting Standards Simplified Disclosures and the Corporations
Regulations 2001.
Basis for opinion
We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under
those standards are further described in the
Report section of our report. We are independent of the Group in accordance with the Corporations
Act 2001
APES 110 Code of Ethics for Professional Accountants (including Independence Standards) (the Code)
that are relevant to our audit of the financial report in Australia. We have also fulfilled our other
ethical responsibilities in accordance with the Code.
We confirm that the independence declaration required by the Corporations Act 2001, which has been
given to the directors of the Company, would be in the same terms if given to the directors as at the
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis
for our opinion.
Material uncertainty related to going concern
We draw attention to Note 2(a)(ii) in the financial report which describes the events and/or conditions
which give rise to the existence of a material uncertainty that may cast significant doubt about the
group continue as a going concern and therefore the group may be unable to realise its
assets and discharge its liabilities in the normal course of business. Our opinion is not modified in
respect of this matter.
BDO Audit Pty Ltd ABN 33 134 022 870 is a member of a national association of independent entities which are all members of BDO
Australia Ltd ABN 77 050 110 275, an Australian company limited by guarantee. BDO Audit Pty Ltd and BDO Australia Ltd are members of
BDO International Ltd, a UK company limited by guarantee, and form part of the international BDO network of independent member
firms. Liability limited by a scheme approved under Professional Standards Legislation.

35. BDO Audit Pty Ltd ABN 33 134 022 870 is a member of a national association of independent entities which are all members of BDO
Australia Ltd ABN 77 050 110 275, an Australian company limited by guarantee. BDO Audit Pty Ltd and BDO Australia Ltd are members of
BDO International Ltd, a UK company limited by guarantee, and form part of the international BDO network of independent member
firms. Liability limited by a scheme approved under Professional Standards Legislation.
Other information
The directors are responsible for the other information. The other information obtained at the date of
, but does not include the financial
Our opinion on the financial report does not cover the other information and accordingly we do not
express any form of assurance conclusion thereon.
In connection with our audit of the financial report, our responsibility is to read the other information
and, in doing so, consider whether the other information is materially inconsistent with the financial
report or our knowledge obtained in the audit, or otherwise appears to be materially misstated.
If, based on the work we have performed on the other information obtained prior to the date of this
required to report that fact. We have nothing to report in this regard.
Responsibilities of the directors for the Financial Report
The directors of the Company are responsible for the preparation of the financial report that gives a
true and fair view in accordance with Australian Accounting Standards Simplified Disclosures and the
Corporations Act 2001 and for such internal control as the directors determine is necessary to enable
the preparation of the financial report that gives a true and fair view and is free from material
misstatement, whether due to fraud or error.
In preparing the financial report, the directors are responsible for assessing the ability of the group to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the
going concern basis of accounting unless the directors either intend to liquidate the Group or to cease
operations, or has no realistic alternative but to do so.
responsibilities for the audit of the Financial Report
Our objectives are to obtain reasonable assurance about whether the financial report as a whole is free
from mate
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an
audit conducted in accordance with the Australian Auditing Standards will always detect a material
misstatement when it exists. Misstatements can arise from fraud or error and are considered material
if, individually or in the aggregate, they could reasonably be expected to influence the economic
decisions of users taken on the basis of this financial report.
A further description of our responsibilities for the audit of the financial report is located at the
Auditing and Assurance Standards Board website (http://www.auasb.gov.au/Home.aspx) at:
http://www.auasb.gov.au/auditors_responsibilities/ar3.pdf
BDO Audit Pty Ltd
C R Jenkins
Director
Brisbane, 2022