LKM CAPITAL LIMITED
Debentures
Exemption Date – 24 April 2009
ACTUAL INCOME AND ASSET DETAILS TO BE HELD
Asset Value 
Effective Date 

25% 
of the face value of the investment 
29 November 2010 
21% 
of the face value of the investment 
14 December 2009 
25% 
of the face value of the investment 
30 September 2009 
33.02 
of the face value of the investment 
24 April 2009 
Income Value 

0% 
no actual income is being paid 
24 April 2009 
Note 1: Not a Ministerial Exemption. These financial investments are no longer classed as financial assets as this company is in the process of irreversible wind up. See CLIK guidelines P10/C2/S4/Assessing Failed Loans and Debts.
Note: Basis for Asset Value estimations listed in the table above:
 Original estimated return announced was 41% effective date 24 April 2009
 7.98% of the face value of the original investment amount paid on 24 April 2009 thereby reducing the remaining estimated return to (i.e. last estimate 41% minus 7.98% capital paid = 33.02% remaining)
 8.02% of the face value of the original investment amount paid on 30 September 2011 thereby reducing the remaining estimated return to (i.e. last estimate 41% minus 7.98% capital paid minus 8.02% capital paid = 25% remaining)
 4% of the face value of the original investment amount paid on 14 December 2009 thereby reducing the remaining estimated return to (i.e. last estimate 41% minus 7.98% capital paid minus 8.02% capital paid minus 4% capital paid = 21% remaining)
 New estimated return announced as 45% effective date 29 November 2010 which changes the remaining asset value to 25% (i.e. new estimate 45% minus 7.98% capital paid minus 8.02% capital paid minus 4% capital paid = 25% remaining)
you must find out how the capital returns were reinvested or disposed of prior to reducing the asset value of the existing LKM Capital Limited Debentures as at the date of each capital return.
Source URL: https://clik.dva.gov.au/compensationandsupportreferencelibrary/deemingexemptionsregister/exemptedfailedinvestments/lkmcapitallimited