DataDot Technology : DDT Half Year Financial Report 2022

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APPENDIX 4D Half Year Report for the half year ended 31 December 2021 Contents Page Appendix 4D - Half Year Report 2 Financial Report 3 ABN : 54 091 908 726 8 Ethel Ave Brookvale NSW 2100 P : (02) 8977 4900 www.datadotdna.com Data Technology Ltd Half Year Report - December 2021 1 ASX Announcement 22 February 2022 DataDot Technology Limited - December 2021 - Appendix 4D and Financial Report DataDot Technology Limited attaches the following documents relating to the results for the half year ended 31 December 2021. Appendix 4D; and Financial Report These reports have been authorised for release by the Board of Directors of DataDot Technology Limited. For further details contact the undersigned. Yours faithfully DataDot Technology Limited David Mackenzie Company Secretary E mail: [email protected] About DataDot: DataDot Technology Limited provides world leading asset identification, management, protection and authentication solutions that deliver great value to customers. For more information please visit www.datadotdna.com . P a g e 1 Data Technology Ltd Half Year Report - December 2021 2 DataDot Technology Limited Appendix 4D ABN : 54 091 908 726 Half Year Financial Report Reporting period Half year ended 31 December 2021 Previous reporting period Half year ended 31 December 2020 Results for announcement to the market 31 Dec 21 31 Dec 20 Change Change Revenue $ $ $ % 1,825,357 1,735,973 89,384 5.15% Gross Profit 1,315,967 949,480 366,487 38.60% Expenses 710,259 665,741 44,518 6.69% EBITDA 613,091 369,971 243,120 65.71% Profit / (Loss) from ordinary activities after tax attributable 6,295,171 256,730 6,038,441 2352.06% to members Net Profit / (Loss) attributable to members 6,295,171 256,730 6,038,441 2352.06% Net tangible asset backing per ordinary share shown in cents 0.0030 0.0018 0.0012 66.67% Dividends No dividends were paid or made payable during the half year ended or since 31 December 2021. Commentary Please refer to the attached Directors' report which does not form part of the financial report for the half year ended 31 December 2021. Other information Control gained over entities having a material effect N/A Loss of control over entities having a material effect N/A Dividend or distribution reinvestment plans N/A Details of associates and joint venture entities N/A Audit status This report is based on accounts that have been subject to review. Attachments Additional disclosure requirements can be found in the notes to the attached half year financial report. Signed By Ray Carroll - Chairman 22 February 2022 Data Technology Ltd Half Year Report - December 2021 3 Financial Report for the half year ended 31 December 2021 Contents Page Directors' Report 5 Auditor's Independence Declaration 8 Consolidated Statement of Profit or Loss 9 Consolidated Statement of Comprehensive Income 10 Consolidated Statement of Financial Position 11 Consolidated Statement of Changes in Equity 12 Consolidated Statement of Cash Flows 13 Notes to the Financial Statements 14 Directors' Declaration 20 Independent Auditor's Review Report 21 Data Technology Ltd Half Year Report - December 2021 4 Directors' Report for the half year ended 31 December 2021 Your directors submit their report, together with the financial statements of the consolidated entity ("DataDot") consisting of DataDot Technology Limited ("DTL") and the entities it controlled at the end of or during the half year ended 31 December 2021. Directors The directors of the Company at any time during or since the end of the half-year are as follows: Mr Ray Carroll (Chairman) Mr David Lloyd (Chairman of the Audit and Risk Management Committee) Mr Bradley Kellas (Managing Director) Principal activities The principal activities of DataDot during the half year were to develop, manufacture and distribute customisable asset identification solutions that include: DataDotID - polymer and metallic microdots containing etched data that is unique to the assets to which the microdots are attached; DataTraceID - a chemical fingerprint added to products to authenticate their identity and Vault Asset Registers ‑ databases that record asset identification data and are accessible by law(iii) provenance; and enforcement agencies and insurance investigators. There has not been any significant change in the nature of these activities during the half year. Headline Profit The Group is reporting a first half-year after tax profit of $6,295.2K. Of this $5,790.9k is attributable to the recognition of DTL's unused tax losses on to the Balance Sheet in accordance with AASB 112-Income Taxes. AASB 112 - Income Taxes specifies that a deferred tax asset should be recognised for unused tax losses when it is probable that future taxable profit will be available against which the unused tax losses will be utilised. The unused tax losses being recognised in this financial period were accumulated in the years prior to the new Board being appointed in May 2019. It is the Board's view, considering the positive turnaround in the company's performance since that time and the expectation of future taxable profits of DTL, that it is now appropriate that the unused tax losses be recognised as a deferred tax asset in the books of the Company. In practical terms the effect of this recognition is that subject to any changes in Australia's current corporate tax rate, the company is not required to pay company tax on future profits of approximately $22.2 million. Review of operations The Group has posted a first half- year profit before tax of $508.7k from its trading operations. This is a significant increase (96%) on the $260.2k profit before tax achieved in the prior comparable period ("pcp"). Total revenue for the half year is up by $89.4k (5.1% from the pcp) to $1,825.4k. The major contribution to this continued improvement in our bottom-line result has been the combination of an increase in Royalty revenues stemming from our collaboration with Datadot South Africa in the European OEM automotive market and an overall across the board reduction in our cost of sales. Data Technology Ltd Half Year Report - December 2021 5 This is an excerpt of the original content. To continue reading it, access the original document here .

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