Company: COOT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0001493152-25-005620
Chunk: 3

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 8
Chunk 3
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. The financial data and other information
disclosed in these notes to the condensed consolidated financial statements related to these three-month periods are unaudited. The results
of operations for the three months ended 30 September 2024 are not necessarily indicative of the results to be expected for the year
ending 30 June 2025 or for any other interim period or other future year. The following information should be read in conjunction with
the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K/A for the fiscal year ended
30 June 2024.

     6 

(b)
Basis of consolidation

Australian
Oilseeds Holdings Ltd. is a Cayman Islands exempted company (the “Company,” “we,” “us” or “Australian
Oilseeds”) formed on December 29, 2022. The Company’s subsidiaries include Australian Oilseeds Investments Pty Ltd., an Australian
proprietary company; Good Earth Oils Pty Ltd. an Australian proprietary company; Cowcumbla Investments Pty Ltd., an Australian proprietary
company, which is 82.7% owned by the Company and which wholly owns Cootamundra Oilseeds Pty Ltd., which is incorporated in Australia;
and EDOC Acquisition Corp., a Cayman Islands exempted company.

The
Company’s financial statements comprise the financial statements of the Company and its subsidiaries as of September 30, each year.
Subsidiaries are consolidated from the date of their acquisition, being the date on which the Company obtains control, and continue to
be consolidated until the date that control ceases. The financial statements of subsidiaries are prepared for the same reporting year
as the parent Company, using consistent accounting policies. Intra-company balances and transactions, including unrealized profits arising
from intra-company transactions, have been eliminated. Unrealized losses are eliminated unless the transaction provides evidence of an
impairment of the asset transferred. Non-controlling interests represent the equity in subsidiaries that is not attributable, directly
or indirectly, to the Parent shareholders. 

Details
of subsidiaries as of 30 September 2024 and 30 June 2024 were as follows:

 Schedule of Subsidiaries

    Subsidiaries
     
    %
    of legal ownership 30 Sep 2024
     
    %
    of legal ownership 30 Jun 2024
     
    Country
                                            of 
    Incorporation 
     
    Principal
                                            business 
    activities