Appendix 4D Half year report
only
Rare Foods Australia Limited
Appendix 4D
Half-year report
For the Half-Year ended 31 December 2021
Rule 4.2A.3
For personal use
Name of Entity | Rare Foods Australia Limited | ||||
ABN: | 52 148 155 042 | ||||
Current Reporting Period | 31 December 2021 (H1FY2022) | ||||
Previous Reporting Period | 31 December 2020 | ||||
Results for announcement to the market | |||||
Item 1 - Operating Performance | H1FY2022 | ||||
$ | |||||
Revenue from ordinary activities | Up | 27% | to | 2,009,674 | |
EBITDA | Up | 56% | to | 985,215 | |
EBIT | Up | 123% | to | 651,014 | |
Profit/(Loss) from ordinary activities before tax attributable to members | Up | 119% | to | 643,515 | |
Profit/(Loss) from ordinary activities after tax attributable to members | Down | 142% | to | (62,445) |
Item 2 - Dividends
It is not proposed to pay dividends.
There are no dividend or distribution reinvestment plans in operation and there has been no dividend or distribution payments during the financial half-year ended 31 December 2021.
Item 3 - Brief Explanation
Refer to "Review of Operations and Financial Results" section in the accompanying Directors' Report which forms part of the Appendix 4D Half-Year Report.
Item 4 - Net Tangible Assets
Half-year ended 31 December | ||||
2021 | 2020 | Movement | Movement | |
Net tangible assets per security for | $ | $ | $ | % |
0.068 | 0.077 | (0.009) | (11.7) | |
Group |
Appendix 4D Page 1
For personal use only
Appendix 4D
Half year report
Item 5 - Control gained or lost over Entities during the period
Not applicable.
Item 6 - Controlled Entities and Joint Ventures | Ownership interest as at | |
31 December 2021 | 30 June 2021 | |
Parent Entity: Rare Foods Australia Limited | % | % |
Controlled entities: | ||
Ocean Grown Abalone Operations Pty Ltd | 100 | 100 |
Two Oceans Abalone Pty Ltd | 100 | 100 |
Wylie Bay Abalone Pty Ltd | 66.67 | 66.67 |
Ocean Grown Abalone Wylie Bay Pty Ltd | 100 | 100 |
All companies are incorporated in Australia
Item 7 - Auditor's review report
The accompanying half-year financial report of Rare Foods Australia Limited for the half year ended 31 December 2021 has been reviewed by BDO Audit (WA) Pty Ltd. Refer to the 31 December 2021 half-year financial report for the Independent Auditor's Review Report provided to the members of Rare Foods Australia Limited.
Appendix 4D Page 2
For personal use only
financial
REPORT
FOR THE HALF-YEAR ENDED 31 DECEMBER 2021
RARE FOODS AUSTRALIA LIMITED
(Formerly Ocean Grown Abalone Limited)
www.rarefoodsaustralia.com.au
2022 Rare Foods Australia Limited (ASX:RFA). All Rights Reserved.
ACN 52 148 155 042 | +61 8 6181 8888 | Unit 302 3 Cantonment St. Fremantle WA 6160 | info@rarefoods.com.au
For personal use only
table of contents
Director's Report
Independent Auditor's Review Report
Auditor's Independence Declaration
Consolidated Statement of Profit or Loss and Other Comprehensive Income Consolidated Statement of Financial Position
Consolidated Statement of Changes in Equity
Consolidated Statement of Cash Flow
Condensed Notes to the Financial Statements
Corporate Directory
3
6
8
9
10
11
12
13
24
1
For personal use only
half-year highlights
FOR THE HALF-YEAR ENDED 31 DECEMBER 2021
30% | 123% | 30% | ||
INCREASE | INCREASE | UPLIFT | ||
Abalone Sales Revenue | EBIT | Biological Asset Fair Value | ||
$ 1,974,342 | $ 651,014 | $ 1,788,152 | ||
Compared to HY21 $ 1,514,603 | Compared to HY21 $ 292,202 | Compared to HY21 $ 1,370,611 | ||
7% | 23% | 56% |
INCREASE | INCREASE | IMPROVEMENT |
Abalone Sales | Average Sales Price | EBITDA |
Volume | per KG | |
37.9 Tonnes | $ 985,215 | |
Compared to HY21 35.4 Tonnes | Compared to FY21 | Compared to HY21 $ 633,567 |
2
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Rare Foods Australia Ltd. 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 23:11:03 UTC.