secwatch.observer — SEC 8-K summary
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Issuer:     Australian Oilseeds Holdings Ltd (COOT)
CIK:        0001959994
Form:       8-K
Filed at:   2024-12-03T23:59:59+00:00
Accession:  0001493152-24-048491
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

Australian Oilseeds restates FY2022-2023 financials; equity down AUD$373K and AUD$329K
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- Previously issued financials for years ended June 30, 2022 and 2023 can no longer be relied upon due to re-audit by BDO.
- Restatement reduces equity by AUD$372,670 (2022) and AUD$328,826 (2023); net profit after tax decreased AUD$372,671 (2022) and increased AUD$43,844 (2023).
- Estimated non-cash errors include understatement of cost of sales (AUD$295K in 2022) and overstatement of cost of goods sold (AUD$172K in 2023), plus bad debt provision adjustments.
- No impact on cash balances; company expects to file Form 10-K for FY2024 within the coming week incorporating corrections.
- Audit Committee and management have discussed matters with successor auditor BDO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1959994/000149315224048491/0001493152-24-048491-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1959994/000149315224048491/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-048491

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