FLUENCE CORPORATION LIMITED For personal use only
Fluence Corporation Limited
Appendix 4E
31 December 2021
Name of entity: | Fluence Corporation Limited |
ABN: | 52 127 734 196 |
Year ended: | 31 December 2021 |
Previous period: | 31 December 2020 |
Results for announcement to the market
US $'000 | ||||
Revenue for ordinary activities | Up | 14.9% | to | 103,193 |
Loss after tax attributable to members | Up | 54.4% | to | (9,157) |
Net loss after tax (from ordinary activities) for the | ||||
period attributable to owners of Fluence Corporation | ||||
Limited | Down | 13.6% | to | (14,702) |
The comparative figures have been adjusted to conform with the AASB 5: Assets held for sale and discontinued
operations presentation requirements. Refer to note 3: "Discontinued operations" for detailed information on the changes in comparatives presentation.
Distributions
No dividends have been paid or declared by the Group since the beginning of the current reporting period. No dividends were paid for the previous reporting period. The Group has no dividend reinvestment plan.
Net tangible assets per security
31 December 2021 | 31 December 2020 | |
Net tangible assets (per share) | $0.01 | $0.04 |
Explanation of results
Consolidated revenue for the year was US$103 million (2020: US$90 million).
Underlying EBITDA for the year was US$1 million positive (2020: US$2 million positive). Underlying EBITDA is expected to be US$3 million positive in 2022.
The consolidated loss from continuing operations for the Company after income tax for the reporting period was US$9 million (2020: loss of US$6 million). Loss from discontinued operations for the reporting period was US$6 million (2020: US$14 million). Refer to note 3 "Discontinued operations" for detailed information on the effect of Discontinued operations on the Group's financial results.
The financial report is presented in United States Dollars which is the Group's presentation currency.
Cash and cash equivalents at 31 December 2021 amounted to US$41 million (2020: US$31 million). In addition,
other financial assets at 31 December 2021 included short term deposits of US$12 million (2020: US$15 million).
As at 31 December 2021, the Group had borrowings of US$32 million (2020: US$22 million).
Following the 2021 results, Fluence plans to continue its current growth strategy. Smart Solutions revenue in 2021 was US$38 million. Smart Solutions revenue is forecasted to reach US$45 million in 2022.
For personal use only
Fluence Corporation Limited Appendix 4E
31 December 2021 (continued)
The Appendix 4E financial report follows, with further details to be included in the audited financial statements to be released by 31 March 2022.
Other information required by Listing Rule 4.3A
N/A
Audit
These accounts are currently in the process of being audited. An Annual Report for the year ended 31 December 2021 containing the Audit Report shall be provided in due course.
For personal use only
Fluence Corporation Limited
ABN 52 127 734 196
Appendix 4E
Preliminary Financial Report
for the year ended 31 December 2021
For personal use only
Fluence Corporation Limited ABN 52 127 734 196
Preliminary Financial Report - 31 December 2021
Contents
Page | |
Corporate Directory | |
Financial Statements | |
Consolidated Statement of Profit or Loss and Other Comprehensive Income | 2 |
Consolidated Statement of Financial Position | 4 |
Consolidated Statement of Changes in Equity | 5 |
Consolidated Statement of Cash Flows | 6 |
Notes to the Consolidated Financial Statements | 7 |
For personal use only
Fluence Corporation Limited Corporate Directory
Directors
Company Secretary
Registered Office
Principal Place of Business
Share Registry
Auditors
Solicitors
Bankers
Securities Quoted
Website
Mr Richard Irving
Chairman and Chief Executive Officer (CEO)
Mr Paul Donnelly
Non-Executive Director
Ms Samantha Tough (appointed 1 June 2021)
Non-Executive Director
Mr Ross Haghighat
Non-Executive Director
Dr Rengarajan Ramesh
Non-Executive Director
Mr Arnon Goldfarb
Non-Executive Director (retired on 7 January 2021)
Ms Melanie Leydin (appointed on 1 January 2021)
Level 4, 96-100 Albert Road
South Melbourne VIC 3205
Australia
Phone: +61 (0)3 9692 7222
Fax: +61 (0)3 9692 7222
10 Bank Street 8th Floor
White Plains New York 10606 United States of America Phone: +1 212 572 5700
Boardroom Pty Ltd
Level 12, 225 George Street,
Sydney, New South Wales, 2000, Australia
Phone: 1300 737 760 (local)
Fax: +61 (0)2 9290 9600 (international)
BDO Audit Pty Ltd
Tower 4, Level 18, 727 Collins Street,
Melbourne, Victoria, 3008, Australia
Lander & Rogers Lawyers
Level 12, Bourke place, 600 Bourke Street Melbourne, Victoria, 3000, Australia
HSBC Bank Australia Limited
Melbourne, Victoria, Australia
Australian Securities Exchange
- Ordinary Fully Paid Shares (Code: FLC) https://www.fluencecorp.com/investor-news/
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Fluence Corporation Limited published this content on 27 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 February 2022 21:41:09 UTC.
