tax prot for the year would have been $98,575 lower/higher (2017: $113,619).

Liquidity risk is the risk that the group will not be able to meet its nancial obligations as they fall due. The group’s approach to managing

liquidity is to ensure, as far as possible, that it will always have sufcient cash to meet its liabilities when due, under both normal and

stressed conditions, without incurring unacceptable losses or risking damage to the group’s reputation. The group monitors forecast

cash ows on regular basis to manage its liquidity risk.

Management has assessed the credit risk exposure as minimal at reporting date. Credit risk arises from exposure to customers and

deposits with banks. Management monitors its exposure to ensure recovery and repayment of outstanding amounts. Cash deposits are

only made with reputable banking institutions.