For personal use only
THE REJECT SHOP LIMITED
Appendix 4D
The Reject Shop Limited
(ABN 33 006 122 676)
Consolidated preliminary final report
For the 26 week financial period ended 26 December 2021
Compared to the 26 week financial period ended 27 December 2020
Results for announcement to the market
Percentage | Amount | ||||||
Change | $'000 | ||||||
% | |||||||
Sales revenue from continuing operations | down | (2.2%) | to | 424,679 | |||
Profit from continuing operations after tax attributable | down | (9.9%) | to | 15,350 | |||
to shareholders | |||||||
Net profit for the period attributable to shareholders | down | (9.9%) | to | 15,350 | |||
Dividends | Amount per share | Franked amount | |||||
per share | |||||||
Interim dividend | nil | n/a | |||||
Record date for determining entitlements to the | |||||||
dividend | n/a | ||||||
Dividend payment date | n/a | ||||||
Commentary on The Reject Shop and its subsidiaries trading results is included in the announcement dated 17 February 2022 and shareholder presentation for the 26 week period ended 26 December 2021.
Appendix 4D
1
THE REJECT SHOP LIMITED
DIRECTORS' REPORT
The directors present their report on The Reject Shop Limited and its subsidiaries ("the Company") for the 26 week period ended 26 December 2021 (the "half-year").
onlyDirectors
The directors of The Reject Shop Limited during the whole of the half-year, and up to the date of this report unless otherwise stated below, were:
Steven Fisher
David Grant Nicholas Perkins Margaret Zabel
Selina Lightfoot (retired on 20 October 2021) useReview of operations
A review of the operations and results of the Company and its controlled entities are contained in the Company's results announcement and presentation released to the ASX for the period accompanying this report.
The half-year ended 26 December 2021, incorporated 26 weeks trading.
Seasonality
personalThe first half of the Company's year traditionally produces a profit result significantly higher than the second half. This is due to the significant sales increase during the peak trading period of November and December.
Dividends
There have been no dividends paid during the period. The Company has not declared an interim dividend to be paid.
The Company's dividend reinvestment plan is not currently active.
Auditor's independence declaration
A copy of the auditor's independence declaration as required under section 307C of the Corporations Act 2001 is set out on page 3.
Rounding of amounts to nearest thousand dollars
The Company is of a kind referred to in ASIC Legislative Instrument 2016/191, relating to the "rounding off" of amounts in the directors' report and financial report. Amounts in the directors' report and financial report have been rounded off to the nearest thousand dollars, in accordance with the instrument.
ForSigned in accordance with a resolution of the directors.
Steven Fisher
Chairman
17 February 2022
Appendix 4D
2
For personal use only
Auditor's Independence Declaration
As lead auditor for the review of The Reject Shop Limited for the 26 week period ended 26 December 2021, I declare that to the best of my knowledge and belief, there have been:
- no contraventions of the auditor independence requirements of the Corporations Act 2001 in relation to the review; and
- no contraventions of any applicable code of professional conduct in relation to the review.
This declaration is in respect of The Reject Shop Limited and the entities it controlled during the period.
Brad Peake | Melbourne |
Partner | 17 February 2022 |
PricewaterhouseCoopers |
PricewaterhouseCoopers, ABN 52 780 433 757
2 Riverside Quay, SOUTHBANK VIC 3006, GPO Box 1331, MELBOURNE VIC 3001 T: 61 3 8603 1000, F: 61 3 8603 1999, www.pwc.com.au
Liability limited by a scheme approved under Professional Standards Legislation. | 3 |
THE REJECT SHOP LIMITED
Consolidated Statement of Comprehensive Income
For the half-year ended 26 December 2021
Revenue from continuing operations
only | Sales revenue |
Other income | |
use | Cost of sales |
Store expenses | |
Administrative expenses | |
Finance costs | |
Profit before income tax
Income tax expense
Profit for the period attributable to shareholders of The personalReject Shop Limited
Other comprehensive income
Items that may be re-classified to profit or loss
Changes in the fair value of cash flow hedges
Income tax relating to components of other comprehensive income
Other comprehensive income / (loss) for the half-year, net of tax
Total comprehensive income attributable to shareholders of The Reject Shop Limited
Earnings per share
Basic earnings per share
ForDiluted earnings per share
Notes
3
4
11
11
Half-year ended
2021 | 2020 |
26 weeks | 26 weeks |
$'000 | $'000 |
424,679 | 434,336 |
23 | 40 |
424,702 | 434,376 |
244,962 | 251,463 |
134,064 | 135,280 |
20,779 | 19,900 |
399,805 | 406,643 |
2,969 | 3,368 |
21,928 | 24,365 |
6,578 | 7,322 |
15,350 | 17,043 |
6,419 (12,374)
(1,926)3,712
4,493(8,662)
19,8438,381
Cents | Cents |
40.1 | 44.6 |
39.4 | 43.9 |
The above consolidated statement of comprehensive income should be read in conjunction with the accompanying notes.
Appendix 4D
4
THE REJECT SHOP LIMITED
Consolidated Balance Sheet
As at 26 December 2021
onlyCurrent Assets Cash Inventories Tax receivables
Derivative financial instruments Other assets
Total Current Assets
useNon Current Assets Property, plant and equipment Right-of-use assets Deferred tax assets
Total Non Current Assets
Total Assets
personalCurrent Liabilities Payables
Lease liabilities
Provisions
Derivative financial instruments Other liabilities
Total Current Liabilities
Non Current Liabilities
Lease liabilities
Provisions
Total Non Current Liabilities Total Liabilities
Net Assets
Equity
ForContributed equity
Reserves
Retained profits
Total Equity
Notes | 26 December | 27 June |
2021 | 2021 | |
$'000 | $'000 | |
106,397 | 73,046 | |
98,894 | 99,834 | |
1,118 | 1,315 | |
2,617 | - | |
5 | 7,234 | 3,231 |
216,260 | 177,426 | |
6 | 46,740 | 47,342 |
149,257 | 148,574 | |
21,835 | 27,701 | |
217,832 | 223,617 | |
434,092 | 401,043 | |
7 | 61,156 | 46,677 |
70,286 | 77,303 | |
8 | 12,372 | 10,766 |
- | 3,802 | |
11,747 | 12,029 | |
155,561 | 150,577 | |
97,466 | 89,823 | |
9 | 3,300 | 3,912 |
100,766 | 93,735 | |
256,327 | 244,312 | |
177,765 | 156,731 | |
10 | 70,326 | 70,326 |
9,793 | 4,109 | |
97,646 | 82,296 | |
177,765 | 156,731 |
The above consolidated balance sheet should be read in conjunction with the accompanying notes.
Appendix 4D
5
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The Reject Shop Limited published this content on 16 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 February 2022 21:20:00 UTC.