Smart Auto Australia : Mar 31 YE Preliminary Final Statement

FORM: Half yearly/preliminary final report

Name of issuer

Smart Auto Australia Limited

ACN or ARBN		Half yearly		Preliminary
		(tick)		final (tick)
644257465				✓

For announcement to the market

Half year/financial year ended ('Current period')

Financial year ended 31 March 2022 (FY22)

Extracts from this statement for announcement to the market (see note 1).

				$A'000
Revenue (item 1.1)	down	38.1%	to	4,305
Profit (loss) for the period (item 1.9)	down	416.0%	to	(1,716)
Profit (loss) for the period attributable to	down	416.0%	to	(1,716)

members of the parent (item 1.11)

Dividends	Current period	Previous corresponding
		period
Franking rate applicable:
Final dividend (preliminary final report only) (item 10.13-	-	-
10.14)
Amount per security	-	-
Franked amount per security	-	-
Interim dividend (Half yearly report only) (item 10.11 -	-	-
10.12)
Amount per security	-	-
Franked amount per security	-	-

Short details of any bonus or cash issue or other item(s) of importance not previously released to the market:

NSX 2a-Final.docx 14/06/22 - 16:21	-1-
	© Copyright National Stock Exchange of Australia Limited ("NSX")

Consolidated income statement (The figures are not equity accounted)

(see note 3)

(as per paragraphs 81-85 and 88-94 of AASB 101: Presentation of Financial Statements)

		Current period -	Previous
		$A'000	corresponding
			period - $A'000
1.1	Revenues (item 7.1)	4,305	6,957
1.2	Expenses, excluding finance costs (item 7.2)	5,761	6,203
1.3	Finance costs	100	19
1.4	Share of net profits (losses) of associates	-	-
	and joint ventures (item 15.7)
1.5	Profit (loss) before income tax	(1,556)	735
1.6	Income tax expense (see note 4)	160	192
1.7	Profit (loss) from continuing operations	-	-
1.8	Profit (loss) from discontinued operations	-	-
	(item 13.3)
1.9	Profit (loss) for the period	(1,716)	543
1.10	Profit (loss) attributable to minority interests	-	-
1.11	Profit (loss) attributable to members of	(1,716)	543
	the parent
1.12	Basic earnings (loss) per security (item 9.1)	(1.2) cents	0.5 cent
1.13	Diluted earnings per security (item 9.1)	(1.2) cents	0.5 cent

1.14 Dividends per security ( item 9.1)

Comparison of half-year profits

(Preliminary final statement only)

1. Consolidated profit (loss) after tax attributable to members reported for the 1st half year (item 1.11 in the half yearly statement)
2. Consolidated profit (loss) after tax attributable to members for the 2nd half year

Current period -	Previous
$A'000	corresponding period
	- $A'000
(894)	562
(822)	(19)

Consolidated balance sheet

(See note 5)

(as per paragraphs 68-69 of AASB 101: Financial Statement Presentation)

	Current assets	Current period -	Previous
		$A'000	corresponding period
			- $A'000
3.1	Cash and cash equivalents	50	189
3.2	Trade and other receivables	1,522	1,534
3.3	Inventories	3,139	3,247
3.4	Other current assets (provide details if	1,254	571
	material)
3.5	Total current assets	5,965	5,541
	Non-current assets
3.6	Available for sale investments	-	-
3.7	Other financial assets	-	-
3.8	Investments in associates	-	-
3.9	Deferred tax assets	-	-
3.10	Exploration and evaluation expenditure	-	-
	capitalised (see para. 71 of AASB 1022 - new
	standard not yet finalised)
3.11	Development properties (mining entities)	-	-
3.12	Property, plant and equipment (net)	1,722	725
3.13	Investment properties	-	-
3.14	Goodwill	-	-
3.15	Other intangible assets	-	-
3.16	Deposits	77	34
	Right-of-use assets	175	268
3.17	Total non-current assets	1,974	1,027
3.18	Total assets	7,939	6,568
	Current liabilities
3.19	Trade and other payables	2,023	2,263
3.20	Short term borrowings	-	-
3.21	Current tax payable	394	467
3.22	Short term provisions	-	-
3.23	Current portion of long term borrowings	-	-
3.24	Other - lease liabilities	194	338
	Other - contract liabilities	817	-
3.25	Liabilities directly associated with non-current	-	-
	assets classified as held for sale (para 38 of
	AASB 5)
3.26	Total current liabilities	3,428	3,068

	Non-current liabilities
		Current period -	Previous
		$A'000	corresponding period
			- $A'000
3.27	Long-term borrowings	-	-
3.28	Deferred tax liabilities	173	16
3.29	Long term provisions	-	-
3.30	Other - lease liabilities	1,821	1,796
3.31	Total non-current liabilities	1,994	1,812
3.32	Total liabilities	5,422	4,880
3.33	Net assets	2,517	1,688
	Equity
3.34	Share capital	4,339	1,832
3.35	Other reserves	(2,131)	(2,170)
3.36	Retained earnings	309	2,026
	Amounts recognised directly in equity relating	-	-
	to non-current assets classified as held for
	sale
3.37	Parent interest	-	-
3.38	Minority interest	-	-
3.39	Total equity	2,517	1,688

Consolidated statement of changes in equity

(as per paragraphs 96-97 of AASB 101: Presentation of Financial Statements)

	Current period -	Previous
	A$'000	corresponding
		period - A$'000
Revenues recognised directly in equity:	-	-

Expenses recognised directly in equity:

-

-

4.1	Net income recognised directly in equity	39	(338)
4.2	Profit (loss) for the period	(1,716)	543
4.3	Total recognised income and expense for	(1,677)	205
	the period
	Attributable to:
4.4	Members of the parent	-	-
4.5	Minority interest	-	-
	Effect of changes in accounting policy (as per
	AASB 108: Accounting Policies, Changes in Accounting
	Estimates and Errors):
4.6	Members of the parent entity	-	-
4.7	Minority interest	-	-