From the administrators' statement

Relevant extracts from the Company's audited financial statements and management accounts are summarised below.

Khaadi Fashions Ltd Year ended Year ended Year ended

31/12/2018 31/12/2017 31/12/2016 Turnover 6,457,857 5,471,680 4,064,036 Cost of sales (2,433,268) (1,325,509) (1,770,691) Gross profit 4,024,589 4,146,171 2,293,345 Administrative expenses (5,949,399) (3,663,744) (3,632,455) Profit/(loss) before taxation (1,924,810) 482,427 (1,339,110) Tax on profit/(loss) - - > Profit/(loss) for the financial year (1,924,810) 482,427 (1,339,110) Accumulated losses b/f (4,108,855) (4,591 ,282) (3,252,172) Profit/(Loss) for the year (1,924,810) 482,427 (1,339,110) Accumulated losses c/f _ (6,033,665) (4,108,855) (4,591,282)

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Khaadi Fashions Ltd (08465111)

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