v3.7.0.1

Balance Sheets - AUD	Dec. 31, 2015	Dec. 31, 2014
Current Assets:
Cash	AUD 118	AUD 2,172
Receivables		1,510
Prepayments		2,660
Total Current Assets	118	6,342
Non-Current Assets:
Deposits		10,000
Total Non-Current Assets		10,000
Total Assets	118	16,342
Current Liabilities:
Accounts payable and accrued expenses	156,742	85,432
Total Current Liabilities	156,742	85,432
Non-Current Liabilities:
Advances from affiliate (Note 5)	1,088,175	1,066,199
Total Non-Current Liabilities	1,088,175	1,066,199
Total Liabilities	1,244,917	1,151,631
Stockholders' (Deficit):
Preferred stock: US$.0001 par value, 20,000,000 share authorised none issued and outstanding
Common stock: US$.0001 par value 500,000,000 shares authorised,and 175,315,350 shares issued and outstanding	16,825	16,825
Additional paid-in capital	1,574,323	1,574,323
Accumulated (deficit)	(2,835,947)	(2,726,437)
Total Stockholders' (Deficit)	(1,244,799)	(1,135,289)
Total Liabilities and Stockholders' (Deficit)	AUD 118	AUD 16,342

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

CONSOLIDATED GEMS, INC. 10-K