A further update on 2016 activities will be provided with the release of the half year results on 24th August 2016. These results will also include a 2015 reclassification of approximately A$2.9m to increase shareholders equity and reduce the foreign currency reserve. The adjustment relates to the identification of transactions for which the foreign currency impact had not been correctly allocated between accounts and this adjustment has no impact on earnings or cashflows.
For further information contact:
Ph. +61 2 9360 0602
BuildingIQ (ASX: BIQ) helps building owners and operators worldwide lower energy use, increase building operations efficiency, and tenant comfort. The company’s 5i cloud-based platform and Managed Services deliver on the promise of IoT for buildings with none of the drawbacks. Over 60M square feet of building space is currently under management with BuildingIQ. Investors in BuildingIQ include the Venture Capital unit of Siemens Financial Services, Paladin Capital and Exto Partners.