1、IFABRIC CORP.CONSOLIDATEDFINANCIAL STATEMENTSSEPTEMBER 30,2020 AND 2019(EXPRESSED IN CANADIAN DOLLARS)CONTENTSAUDITORS REPORT1-3CONSOLIDATEDFINANCIAL STATEMENTSConsolidated Statements of Financial Position4Consolidated Statements of Loss and Comprehensive Loss5Consolidated Statements of Changes in E
2、quity6Consolidated Statements of Cash Flows7Notes to Consolidated Financial Statements8-27Tel:416 865 0200Fax:416 865 0887www.bdo.caBDO Canada LLP222 Bay StreetSuite 2200,P.O.Box 131Toronto,ON M5K 1H1 CanadaBDO Canada LLP,a Canadian limited liability partnership,is a member of BDO International Limi
3、ted,a UK company limited by guarantee,and forms part of theinternational BDO network of independent member firms.Independent Auditors ReportTo the Shareholders of iFabric Corp.OpinionWe have audited the consolidated financial statements of iFabric Corp.and its subsidiaries(the“Group”),which comprise
4、 the consolidated statement of financial position as at September 30,2020 and 2019,and the consolidated statements of loss and comprehensive loss,changes in equityand cash flows for the years then ended,and notes to the consolidated financial statements,including a summary of significant accounting
5、policies.In our opinion,the accompanying consolidated financial statements present fairly,in all materialrespects,the consolidated financial position of the Group as at September 30,2020 and 2019,andits consolidated financial performance and its consolidated cash flows for the years then ended inacc
6、ordance with International Financial Reporting Standards(“IFRS”).Basis for OpinionWe conducted our audit in accordance with Canadian generally accepted auditing standards.Ourresponsibilities under those standards are further described in the Auditors Responsibilities forthe Audit of the Consolidated