LASSETERS INTERNATIONAL HOLDINGS LIMITED
(Company Registration No. 200402223M)
CONSOLIDATED FULL YEAR FINANCIAL STATEMENTS (UNAUDITED) FOR THE SIX MONTHS AND YEAR ENDED 30 JUNE 2021
INFORMATION REQUIRED FOR ANNOUNCEMENTS OF QUARTERLY (Q1, Q2 & Q3), HALF-YEAR AND FULL YEAR RESULTS
An income statement (for the group) together with a comparative statement for the corresponding period of the immediately preceding financial year. These figures have not been audited.
Group | ||||||||
6 months ended 30 | Increase/ | 12 months ended 30 | Increase/ | |||||
June | (Decrease) | June | (Decrease) | |||||
(AUD'000) | Note | 2021 | 2020 | % | 2021 | 2020 | % | |
Revenue | 3.2 | 61 | 10 | >100.0 | 74 | 28 | >100.0 |
Consumables
Employee benefits expense Depreciation expenses Amortisation of right-of-use assets
Advertising and promotional expenses
Other operating expenses
Total operating expenses
Loss from operations
Loss allowance on trade and other receivables
Finance costs
Share of losses of joint venture
Loss before income tax from continuing operations
Income tax
Loss for the financial year from continuing operations
Profit/(Loss) for the financial year from discontinued operations
PROFIT/(LOSS) FOR THE FINANCIAL YEAR
Other comprehensive loss:
Exchange differences on translating foreign operations
Changes in revaluation reserve
Other comprehensive loss for the financial year, net of tax
TOTAL COMPREHENSIVE LOSS FOR THE FINANCIAL YEAR
(11) | - | (100.0) | (11) | - | (100.0) | |
(822) | (899) | (8.6) | (1,579) | (1,672) | (5.6) | |
(4) | (6) | (33.3) | (10) | (13) | (23.1) | |
(54) | (77) | (29.9) | (127) | (156) | (18.6) | |
(4) | - | (100.0) | (4) | (4) | - | |
(44) | (359) | (87.7) | (554) | (753) | (26.4) | |
(939) | (1,341) | (30.0) | (2,285) | (2,598) | (12.0) | |
(878) | (1,331) | (34.0) | (2,211) | (2,570) | (14.0) | |
- | (24) | 100.0 | - | (24) | 100.0 | |
(239) | (590) | (59.5) | (756) | (1,141) | (33.7) | |
(87) | (66) | 31.8 | (87) | (94) | (7.4) | |
4 | (1,204) | (2,011) | (40.1) | (3,054) | (3,829) | (20.2) |
5 | (293) | (47) | >100.0 | (293) | (66) | >100.0 |
(1,497) | (2,058) | (27.3) | (3,347) | (3,895) | (14.1) | |
6 | 5,110 | (3,138) | >100.0 | 9,981 | (2,891) | >100.0 |
3,613 | (5,196) | >100.0 | 6,634 | (6,786) | >100.0 |
(333) | (76) | >100.0 | (132) | (51) | >100.0 |
(11,370) | (5,258) | >100.0 | (11,370) | (5,258) | >100.0 |
(11,703) | (5,334) | >100.0 | (11,502) | (5,309) | >100.0 |
(8,090) | (10,530) | (23.2) | (4,868) | (12,095) | (59.8) |
Page 1 of 22
An income statement (for the group) together with a comparative statement for the corresponding period of the immediately preceding financial year. These figures have not been audited. (cont'd)
Group | ||||||||||||
6 months ended 30 | Increase/ | 12 months ended 30 | Increase/ | |||||||||
June | (Decrease) | June | (Decrease) | |||||||||
(AUD'000) | Note | 2021 | 2020 | % | 2021 | 2020 | % | |||||
Profit/(Loss) for the financial | ||||||||||||
year attributable to: | ||||||||||||
Owners of the parent | 3,622 | (5,171) | >100.0 | 6,682 | (6,750) | >100.0 | ||||||
Non-controlling interests | (9) | (25) | (64.0) | (48) | (36) | 33.3 | ||||||
3,613 | (5,196) | >100.0 | 6,634 | (6,786) | >100.0 | |||||||
Total comprehensive loss for | ||||||||||||
the financial year attributable | ||||||||||||
to: | ||||||||||||
Owners of the parent | (8,081) | (10,524) | (23.2) | (4,814) | (12,080) | (60.1) | ||||||
Non-controlling interests | (9) | (6) | 50.0 | (54) | (15) | >100.0 | ||||||
(8,090) | (10,530) | (23.2) | (4,868) | (12,095) | (59.8) |
Profit/(loss) per share attributable to the owners of the parent
- Basic and diluted (AUD cents)
Loss per share from continuing operations attributable to the owners of the parent
- Basic and diluted (AUD cents)
Profit/(loss) per share from
discontinued operations attributable to the owners of the parent
7 | 0.75 | (1.07) | >100.0 | 1.38 | (1.40) | >100.0 |
7 | (0.31) | (0.42) | (26.2) | (0.68) | (0.80) | (15.0) |
- Basic and diluted (AUD cents) | 7 | 1.06 | (0.65) | >100.0 | 2.06 | (0.60) | >100.0 |
Page 2 of 22
A balance sheet (for the issuer and group), together with a comparative statement as at the end of the immediately preceding financial year.
Group | Company | ||||||||||
(AUD'000) | Note | 30 June 2021 | 30 June 2020 | 30 June 2021 | 30 June 2020 | ||||||
Non-current assets | |||||||||||
Property, plant and equipment | 8 | 9 | 122,611 | - | - | ||||||
Investment in subsidiaries | - | - | 14,380 | 14,309 | |||||||
Investment in joint venture | 2,170 | 2,098 | - | - | |||||||
Membership right | - | 38 | - | 38 | |||||||
Right-of-use assets | 100 | 1,730 | - | - | |||||||
2,279 | 126,477 | 14,380 | 14,347 | ||||||||
Current assets | |||||||||||
Inventories | 15 | 541 | - | - | |||||||
Trade and other receivables | 1,281 | 1,022 | 8,399 | 11 | |||||||
Cash and bank balances | 5,742 | 1,071 | 97 | 16 | |||||||
7,038 | 2,634 | 8,496 | 27 | ||||||||
Assets classified as held for sale | 6.3 | 105,452 | - | - | - | ||||||
112,490 | 2,634 | 8,496 | 27 | ||||||||
Less: | |||||||||||
Current liabilities | |||||||||||
Trade and other payables | 7,962 | 8,715 | 641 | 3,003 | |||||||
Provision for employee entitlements | - | 1,174 | - | - | |||||||
Current income tax payables | 717 | 28 | - | - | |||||||
Bank borrowings - secured | 9 | 6,640 | 2,410 | - | - | ||||||
Lease liabilities | 9 | 119 | 1,034 | - | - | ||||||
15,438 | 13,361 | 641 | 3,003 | ||||||||
Liabilities classified as held for sale | 6.3 | 3,441 | - | - | - | ||||||
18,879 | 13,361 | 641 | 3,003 | ||||||||
Net current assets/(liabilities) | 93,611 | (10,727) | 7,855 | (2,976) | |||||||
Less: | |||||||||||
Non-current liabilities | |||||||||||
Trade and other payables | 1,122 | 1,051 | - | - | |||||||
Provision for employee entitlements | - | 191 | - | - | |||||||
Bank borrowings - secured | 9 | 57,226 | 63,636 | - | - | ||||||
Lease liabilities | 9 | 124 | 1,601 | - | - | ||||||
Deferred tax liabilities | 6,955 | 13,821 | 2 | 2 | |||||||
65,427 | 80,300 | 2 | 2 | ||||||||
Net assets | 30,463 | 35,450 | 22,233 | 11,369 | |||||||
Equity | |||||||||||
Share capital | 11 | 57,554 | 57,554 | 57,554 | 57,554 | ||||||
Treasury shares | 12 | (426) | (426) | (426) | (426) | ||||||
Capital reserve | - | 119 | - | - | |||||||
Foreign currency translation reserve | (3,638) | (3,512) | (1,717) | (1,717) | |||||||
Revaluation reserve | 35,403 | 46,773 | - | - | |||||||
Accumulated losses | (58,452) | (65,134) | (33,178) | (44,042) | |||||||
Equity attributable to the owners of | |||||||||||
the parent | 30,441 | 35,374 | 22,233 | 11,369 | |||||||
Non-controlling interests | 22 | 76 | - | - | |||||||
Total equity | 30,463 | 35,450 | 22,233 | 11,369 | |||||||
Page 3 of 22
A statement (for the issuer and group) showing either (i) all changes in equity or (ii) changes in equity other than those arising from capitalisation issues and distributions to shareholders, together with a comparative statement for the corresponding period of the immediately preceding financial year.
Group | ||||||||||
Foreign | ||||||||||
currency | Non- | |||||||||
Share | Treasury Capital translation Revaluation Accumulated | controlling Total | ||||||||
(AUD'000) | capital | shares | reserve | reserve | reserve | Loss | Subtotal | interests | equity | |
Balance at 1 July 2019 | 57,554 | (426) | - | (3,440) | 52,031 | (58,384) | 47,335 | 91 | 47.426 | |
Issuance of redeemable non- | ||||||||||
convertible | ||||||||||
preference shares | - | - | 119 | - | - | - | 119 | - | 119 | |
Total comprehensive loss | ||||||||||
for the financial year | - | - | - | (72) | (5,258) | (6,750) | (12,080) | (15) | (12,095) | |
Balance at 30 June 2020 | 57,554 | (426) | 119 | (3,512) | 46,773 | (65,134) | 35,374 | 76 | 35,450 | |
Balance at 1 July 2020 | 57,554 | (426) | 119 | (3,512) | 46,773 | (65,134) | 35,374 | 76 | 35,450 | |
Issuance of redeemable non- | ||||||||||
convertible | ||||||||||
preference shares | - | - | (119) | - | - | - | (119) | - | (119) | |
Total comprehensive loss | ||||||||||
for the financial year | - | - | - | (126) | (11,370) | 6,682 | (4,814) | (54) | (4,868) | |
Balance at 30 June 2021 | 57,554 | (426) | - | (3,638) | 35,403 | (58,452) | 30,441 | 22 | 30,463 | |
Company | ||||||||||
Foreign | ||||||||||
currency | ||||||||||
Share | Treasury | translation | Accumulated | Total | ||||||
(AUD'000) | capital | shares | reserve | loss | equity | |||||
Balance at 1 July 2019 | 57,554 | (426) | (1,717) | (40,644) | 14,767 | |||||
Total comprehensive loss for the financial year | - | - | - | (3,398) | (3,398) | |||||
Balance at 30 June 2020 | 57,554 | (426) | (1,717) | (44,042) | 11,369 | |||||
Balance at 1 July 2020 | 57,554 | (426) | (1,717) | (44,042) | 11,369 | |||||
Total comprehensive income for the financial year | - | - | - | 10,864 | 10,864 | |||||
Balance at 30 June 2021 | 57,554 | (426) | (1,717) | (33,178) | 22,233 | |||||
Page 4 of 22
A cash flow statement (for the group), together with a comparative statement for the corresponding period of the immediately preceding financial year
Group | |||||
(AUD'000) | 30 June 2021 | 30 June 2020 | |||
Cash flows from operating activities | |||||
Loss before income tax from continuing operations | (3,054) | (3,829) | |||
Profit/(Loss) before income tax from discontinued operations | 10,109 | (3,671) | |||
7,055 | (7,500) | ||||
Adjustments for: | |||||
Amortisation of right-of-use assets | 315 | 761 | |||
Depreciation expenses | 4,745 | 6,510 | |||
Loss allowance on trade and other receivables | - | 47 | |||
Impairment in value of inventory | - | 46 | |||
Impairment in value of property, plant and equipment | - | 109 | |||
Impairment in value of right-of-use assets | - | 947 | |||
Interest expense | 2,538 | 3,581 | |||
Interest income | - | (6) | |||
Gain on disposal of property, plant and equipment | - | (9) | |||
Gain on disposal of assets held for sale | - | (9) | |||
Net gain on modification of lease term | (977) | - | |||
Share of losses of joint venture | 87 | 94 | |||
Operating cash flows before working capital changes | 13,763 | 4,571 | |||
Working capital changes: | |||||
Inventories | (103) | 203 | |||
Trade and other receivables | (259) | 728 | |||
Trade and other payables | 157 | (1,769) | |||
Cash generated from operations | 13,558 | 3,733 | |||
Interest received | - | 5 | |||
Interest paid | (2,538) | (3,581) | |||
Income tax paid | (1,772) | (540) | |||
Net cash from/(used in) operating activities | 9,248 | (383) | |
Cash flows from investing activities | |||
Proceeds from disposal of property, plant and equipment | - | 23 | |
Proceeds from disposal of assets held for sale | - | 2,541 | |
Purchase of property, plant and equipment | (1,185) | (398) | |
Subscription of redeemable non-convertiblenon-cumulative preference | |||
shares in joint venture | (300) | (748) | |
Advances to a joint venture | - | (333) | |
Foreign currency translation adjustment | (212) | (75) | |
Net cash (used in)/from investing activities | (1,697) | 1,010 | |
Cash flows from financing activities | |||
Draw down of bank borrowings | - | 1,850 | |
Repayments of bank borrowings | (1,750) | (2,000) | |
Repayments of finance lease obligations | (714) | (1,182) | |
Proceeds from issuance of redeemable non-convertible preference shares | - | 838 | |
Foreign currency translation adjustment | (12) | (5) | |
Net cash used in financing activities | (2,476) | (499) | |
Net increase in cash and cash equivalents | 5,075 | 128 | |
Cash and cash equivalents at beginning of financial year | 161 | 23 | |
Currency translation adjustment on cash and cash equivalents | 24 | 10 | |
Cash and cash equivalents at end of financial year * | 5,260 | 161 | |
Page 5 of 22
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Lasseters International Holdings Ltd. published this content on 16 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2021 09:11:10 UTC.