For personal use only
Transmetro Corporation Limited ABN 45 001 809 043
and Controlled Entities
Appendix 4D and Half-Year Financial Report
31 December 2021
This half-year report is for the six months ended 31 December 2021. The previous corresponding period is the half-year ended 31 December 2020.
The information in this report should be read in conjunction with the most recent annual financial report.
Results for announcement to the market
$A'000 | ||||
Revenues from ordinary activities - continuing | Down | 12.3% | to | 6,939 |
operations | ||||
Net Profit from ordinary activities after tax | Up | 1,939% | to | 958 |
attributable to members | ||||
Net Profit for the period attributable to members | Up | 1,939% | to | 958 |
Earnings before interest, tax, depreciation and | Up | 59.5% | to | 1,647 |
amortisation from continuing operations
Dividends | Amount per | Franked amount | |||
security | per security | ||||
Final dividend | - | ¢ | - | ¢ | |
- | ¢ | - | ¢ | ||
Interim dividend | |||||
Record date for determining entitlements to | |||||
the dividend | |||||
Brief explanation of any of the figures reported above:
Refer to comments in the attached Directors' Report.
NTA Backing | 31 December 2021 | 30 June 2021 |
Net tangible asset backing per share | $1.29 | $1.19 |
For personal use only
Transmetro Corporation Limited ABN 45 001 809 043
and Controlled Entities
Interim Financial Report
DIRECTORS' REPORT
Your directors submit the financial report of the consolidated group for the half-year ended 31 December 2021.
Directors
The names of directors who held office during or since the end of the half-year:
John McEvoy (Chairman) | Director since November 1979 |
Alan Notley (Non-Executive Director) | Director since October 1994 |
David Lloyd (Non-Executive Director) | Director since March 2002 |
Susan Notley (Non-Executive Director) | Director since September 2008 |
(Alternate for Alan Notley) |
Total Revenue from continuing operations decreased $972k to $6.9M which is a 12.3% decrease from the corresponding period in December 2020.
The consolidated entity's EBITDA from continuing operations increased $614k to $1.64M a 59.5% increase on the previous corresponding period.
Net Profit after tax from continuing operations for the period was $958k compared to a Net Profit after tax of $47k for the previous corresponding period.
Rounding of Amounts
The consolidated group has applied the relief available to it in ASIC Class Order 98/100 and accordingly certain amounts in the financial report and the directors' report have been rounded off to the nearest $1,000.
Auditor's Declaration
The lead auditor's independence declaration under s 307C of the Corporations Act 2001 is set out on page 16 for the half-year ended 31 December 2021.
This report is signed in accordance with a resolution of the Board of Directors.
Director
John McEvoy
Dated this 28th February 2022
Page 1 of 16
For personal use only
Transmetro Corporation Limited ABN 45 001 809 043
and Controlled Entities
Interim Financial Report
CONSOLIDATED INCOME STATEMENT FOR THE HALF-YEAR ENDED | |||
31-Dec-21 | |||
Note | Consolidated Group | ||
31.12.2021 | 31.12.2020 | ||
$000 | $000 | ||
Sales Revenue | 6,539 | 6,442 | |
Other revenue - government assistance | 400 | 1,465 | |
Interest income | - | 4 | |
Total Revenue | 6,939 | 7,911 | |
Cost of Sales | (415) | (451) | |
Employee benefits expense | (2,223) | (2,874) | |
Other expenses | (2,654) | (3,553) | |
Earnings Before Interest, Tax, Depreciation and | |||
Amortisation | 1,647 | 1,033 | |
Rent concession gain | 819 | 1,530 | |
Depreciation and amortisation expense | (398) | (450) | |
Amortisation of right of use assets | (688) | (2,205) | |
Interest expense on lease liabilities | (103) | (182) | |
Finance costs | - | (7) | |
Profi/(loss) before income tax | 1,277 | (281) | |
Income tax benefit/(expense) | 2 | (319) | 328 |
Profit from continuing operations | 958 | 47 | |
Profit /(loss) from discontinued operations | 9 | - | (15) |
Profit from operations attributable to: | |||
Members of the parent entity | 958 | 32 | |
Earnings per share | |||
From continuing operations: | |||
Basic and diluted earnings per | |||
share (cents) | 7.16 | 0.24 |
The accompanying notes form part of this financial report.
Page 2 of 16
For personal use only
Transmetro Corporation Limited ABN 45 001 809 043
and Controlled Entities
Interim Financial Report
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE HALF-YEAR ENDED
31-Dec-21
Consolidated Group | ||
31.12.2021 | 31.12.2020 | |
$000 | $000 | |
Profit for the period | 958 | 32 |
Other comprehensive income | - | - |
Total comprehensive income for the period | 958 | 32 |
Total comprehensive income attributable to: | ||
Members of the parent entity | 958 | 32 |
The accompanying notes form part of this financial report.
Page 3 of 16
For personal use only
Transmetro Corporation Limited ABN 45 001 809 043
and Controlled Entities
Interim Financial Report
CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT
31-Dec-21
Note | Consolidated Group | ||
31.12.2021 | 30.06.2021 | ||
$000 | $000 | ||
ASSETS | |||
CURRENT ASSETS | |||
Cash and cash equivalents | 1,673 | 1,001 | |
Trade and other receivables | 1,374 | 1,061 | |
Inventories | 133 | 139 | |
TOTAL CURRENT ASSETS | 3,180 | 2,201 | |
NON-CURRENT ASSETS | |||
Property, plant and equipment | 21,156 | 21,445 | |
Deferred tax assets | 1,812 | 2,099 | |
Right of use assets | 903 | 1,591 | |
Other financial assets | 1 | 1 | |
Other non-current assets | 250 | 250 | |
TOTAL NON-CURRENT ASSSETS | 24,122 | 25,386 | |
TOTAL ASSETS | 27,302 | 27,587 | |
CURRENT LIABILITIES | |||
Trade and other payables | 3,508 | 2,805 | |
Borrowings | 3 | - | 80 |
Lease liabilities | 3,206 | 3,610 | |
Short-term provisions | 766 | 729 | |
TOTAL CURRENT LIABILITIES | 7,480 | 7,224 | |
NON-CURRENT LIABILITIES | |||
Deferred tax liabilities | 1,351 | 1,319 | |
Lease liabilities | 754 | 2,286 | |
TOTAL NON-CURRENT LIABILITIES | 2,105 | 3,605 | |
TOTAL LIABILITIES | 9,585 | 10,829 | |
NET ASSETS | 17,717 | 16,758 | |
EQUITY | |||
Issued capital | 6,856 | 6,856 | |
Reserves | 3,545 | 3,544 | |
Retained earnings | 7,316 | 6,358 | |
TOTAL EQUITY | 17,717 | 16,758 | |
The accompanying notes form part of this financial report.
Page 4 of 16
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