Annual Report 2022
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group | 2021Group | Source |
|---|---|---|---|
| Group income / comprehensive income — FY2022 source | |||
| RevenueAustralian dollars thousands | 245,052 | 195,060 | PDF p. 45 |
| Cost of salesAustralian dollars thousands | (240,124) | (175,987) | PDF p. 45 |
| Gross profitAustralian dollars thousands | 4,928 | 19,073 | PDF p. 45 |
| Other operating incomeAustralian dollars thousands | 685 | 985 | PDF p. 45 |
| Other operating costsAustralian dollars thousands | (10,432) | (9,049) | PDF p. 45 |
| Impairment of property, plant and equipmentAustralian dollars thousands | (5,264) | – | PDF p. 45 |
| Impairment of other intangible assetsAustralian dollars thousands | (4,036) | – | PDF p. 45 |
| Impairment of right-of-use assetsAustralian dollars thousands | (1,513) | – | PDF p. 45 |
| Impairment of trade receivables and contract assetsAustralian dollars thousands | (891) | (217) | PDF p. 45 |
| Administrative expensesAustralian dollars thousands | (6,883) | (4,117) | PDF p. 45 |
| Marketing and distribution expensesAustralian dollars thousands | (1,876) | (1,019) | PDF p. 45 |
| (Loss)/profit from operationsAustralian dollars thousands | (25,282) | 5,656 | PDF p. 45 |
| Finance costsAustralian dollars thousands | (6,063) | (4,124) | PDF p. 45 |
| (Loss)/profit before income taxAustralian dollars thousands | (31,345) | 1,532 | PDF p. 45 |
| Income tax expenseAustralian dollars thousands | (338) | (330) | PDF p. 45 |
| Net (loss)/profit for the yearAustralian dollars thousands | (31,683) | 1,202 | PDF p. 45 |
| Items that are or may be reclassified subsequently to profit or loss: | |||
| Currency translation differences - current yearAustralian dollars thousands | (3,630) | 3,486 | PDF p. 45 |
| Total comprehensive (loss)/income for the yearAustralian dollars thousands | (35,313) | 4,688 | PDF p. 45 |
| (Loss)/earnings per share (AU$ cents per share) | |||
| - Basic (loss)/earnings per shareAustralian cents per share | (1.03) | 0.04 | PDF p. 45 |
| - Diluted (loss)/earnings per shareAustralian cents per share | (1.03) | 0.04 | PDF p. 45 |
Original report: PDF p. 45 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group | 2021Group | 2022Company | 2021Company | Source |
|---|---|---|---|---|---|
| Current assets | |||||
| Cash and cash equivalentsAustralian dollars thousands | 6,259 | 8,669 | 24 | 52 | PDF p. 46 |
| Trade receivables and contract assetsAustralian dollars thousands | 55,977 | 56,564 | – | – | PDF p. 46 |
| Other receivables and prepaymentsAustralian dollars thousands | 6,152 | 3,796 | 1,016 | 928 | PDF p. 46 |
| InventoriesAustralian dollars thousands | 1,491 | 2,576 | – | – | PDF p. 46 |
| Assets held for saleAustralian dollars thousands | 6,261 | – | – | – | PDF p. 46 |
| Total current assetsAustralian dollars thousands | 76,140 | 71,605 | 1,040 | 980 | PDF p. 46 |
| Non-current assets | |||||
| Property, plant and equipmentAustralian dollars thousands | 32,513 | 46,676 | – | – | PDF p. 46 |
| Right-of-use assetsAustralian dollars thousands | 9,625 | 13,472 | – | – | PDF p. 46 |
| GoodwillAustralian dollars thousands | 10,994 | 10,994 | – | – | PDF p. 46 |
| Other intangible assetsAustralian dollars thousands | 9,239 | 14,067 | – | – | PDF p. 46 |
| Due from subsidiariesAustralian dollars thousands | – | – | 2 | 155 | PDF p. 46 |
| Investments in subsidiariesAustralian dollars thousands | – | – | 83,015 | 90,604 | PDF p. 46 |
| Total non-current assetsAustralian dollars thousands | 62,371 | 85,209 | 83,017 | 90,759 | PDF p. 46 |
| Total assetsAustralian dollars thousands | 138,511 | 156,814 | 84,057 | 91,739 | PDF p. 46 |
| Current liabilities | |||||
| Trade payables and provision for foreseeable contract lossesAustralian dollars thousands | 19,651 | 7,578 | – | – | PDF p. 46 Label p. 46 |
| Other payablesAustralian dollars thousands | 23,007 | 23,841 | 1,068 | 756 | PDF p. 46 |
| Due to subsidiariesAustralian dollars thousands | – | – | 8,451 | 19,034 | PDF p. 46 |
| BorrowingsAustralian dollars thousands | 46,308 | 4,842 | 41,677 | – | PDF p. 46 |
| Accruals for other liabilities and chargesAustralian dollars thousands | 5,147 | 4,188 | – | – | PDF p. 46 |
| Total current liabilitiesAustralian dollars thousands | 94,113 | 40,449 | 51,196 | 19,790 | PDF p. 46 |
| Non-current liabilities | |||||
| Deferred income tax liabilitiesAustralian dollars thousands | 523 | 496 | – | – | PDF p. 46 |
| BorrowingsAustralian dollars thousands | 37,049 | 75,404 | 27,509 | 63,951 | PDF p. 46 |
| Accruals for other liabilities and chargesAustralian dollars thousands | 579 | 532 | – | – | PDF p. 46 |
| Total non-current liabilitiesAustralian dollars thousands | 38,151 | 76,432 | 27,509 | 63,951 | PDF p. 46 |
| Total liabilitiesAustralian dollars thousands | 132,264 | 116,881 | 78,705 | 83,741 | PDF p. 46 |
| Net assetsAustralian dollars thousands | 6,247 | 39,933 | 5,352 | 7,998 | PDF p. 46 |
| to equity holders of the Company | |||||
| Share capitalAustralian dollars thousands | 217,005 | 216,759 | 217,005 | 216,759 | PDF p. 46 |
| Capital reserveAustralian dollars thousands | (163) | (163) | (163) | (163) | PDF p. 46 |
| Share based payment reserveAustralian dollars thousands | 7,044 | 5,663 | 7,044 | 5,663 | PDF p. 46 |
| Foreign currency translation reserveAustralian dollars thousands | 14,962 | 18,592 | 27,226 | 26,531 | PDF p. 46 |
| Accumulated lossesAustralian dollars thousands | (232,601) | (200,918) | (245,760) | (240,792) | PDF p. 46 |
| Total equityAustralian dollars thousands | 6,247 | 39,933 | 5,352 | 7,998 | PDF p. 46 |
Original report: PDF p. 46 ↗
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| Metric / unit | 2022Group — Share capital | 2022Group — Capital reserve | 2022Group — Share based payment reserve | 2022Group — Foreign currency translation reserve | 2022Group — Accumulated losses | 2022Group — Total equity | Source |
|---|---|---|---|---|---|---|---|
| Group changes in equity — FY2022 source | |||||||
| Balance as at 1 July 2021Australian dollars thousands | 216,759 | (163) | 5,663 | 18,592 | (200,918) | 39,933 | PDF p. 47 |
| Loss for the yearAustralian dollars thousands | – | – | – | – | (31,683) | (31,683) | PDF p. 47 |
| Other comprehensive lossAustralian dollars thousands | – | – | – | (3,630) | – | (3,630) | PDF p. 47 |
| Total comprehensive loss for the yearAustralian dollars thousands | – | – | – | (3,630) | (31,683) | (35,313) | PDF p. 47 Label p. 47 |
| their capacity as owners: | |||||||
| Employee share and option scheme expenseAustralian dollars thousands | – | – | 1,627 | – | – | 1,627 | PDF p. 47 Label p. 47 |
| Shares issued through employee share schemesAustralian dollars thousands | 246 | – | (246) | – | – | – | PDF p. 47 Label p. 47 |
| SubtotalAustralian dollars thousands | 246 | – | 1,381 | – | – | 1,627 | PDF p. 47 |
| Balance at 30 June 2022Australian dollars thousands | 217,005 | (163) | 7,044 | 14,962 | (232,601) | 6,247 | PDF p. 47 |
Original report: PDF p. 47 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group — Share capital | 2021Group — Capital reserve | 2021Group — Share based payment reserve | 2021Group — Foreign currency translation reserve | 2021Group — Accumulated losses | 2021Group — Total equity | Source |
|---|---|---|---|---|---|---|---|
| Group | |||||||
| Balance as at 1 July 2020Australian dollars thousands | 216,349 | (163) | 5,848 | 15,106 | (202,120) | 35,020 | PDF p. 47 |
| Profit for the yearAustralian dollars thousands | – | – | – | – | 1,202 | 1,202 | PDF p. 47 |
| Other comprehensive incomeAustralian dollars thousands | – | – | – | 3,486 | – | 3,486 | PDF p. 47 |
| Total comprehensive income for the yearAustralian dollars thousands | – | – | – | 3,486 | 1,202 | 4,688 | PDF p. 47 Label p. 47 |
| their capacity as owners: | |||||||
| Employee share and option scheme expenseAustralian dollars thousands | – | – | 225 | – | – | 225 | PDF p. 47 Label p. 47 |
| Shares issued pursuant to contract of employmentAustralian dollars thousands | 410 | – | (410) | – | – | – | PDF p. 47 Label p. 47 |
| SubtotalAustralian dollars thousands | 410 | – | (185) | – | – | 225 | PDF p. 47 |
| Balance at 30 June 2021Australian dollars thousands | 216,759 | (163) | 5,663 | 18,592 | (200,918) | 39,933 | PDF p. 47 |
Original report: PDF p. 47 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group | 2021Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Net (loss) / profit for the yearAustralian dollars thousands | (31,683) | 1,202 | PDF p. 48 |
| Adjustments for: | |||
| Income tax expenseAustralian dollars thousands | 338 | 330 | PDF p. 48 |
| Depreciation of property, plant and equipmentAustralian dollars thousands | 3,679 | 4,057 | PDF p. 48 |
| Depreciation of right-of-use assetsAustralian dollars thousands | 2,860 | 2,736 | PDF p. 48 |
| Amortisation of other intangible assetsAustralian dollars thousands | 1,107 | 844 | PDF p. 48 |
| Employee share and share option scheme expenseAustralian dollars thousands | 1,627 | 225 | PDF p. 48 |
| Impairment loss on trade receivables and contract assetsAustralian dollars thousands | 891 | 217 | PDF p. 48 |
| Impairment loss on property, plant and equipmentAustralian dollars thousands | 5,264 | – | PDF p. 48 |
| Impairment loss on intangible assetsAustralian dollars thousands | 4,036 | – | PDF p. 48 |
| Impairment loss on right-of-use assetsAustralian dollars thousands | 1,513 | – | PDF p. 48 |
| Net unrealised foreign exchange differencesAustralian dollars thousands | 716 | (821) | PDF p. 48 |
| Profit on sale of property, plant and equipmentAustralian dollars thousands | (398) | (33) | PDF p. 48 |
| Interest incomeAustralian dollars thousands | (13) | (66) | PDF p. 48 |
| Finance costsAustralian dollars thousands | 6,063 | 4,124 | PDF p. 48 |
| Operating cash flows before working capital changesAustralian dollars thousands | (4,000) | 12,815 | PDF p. 48 |
| Changes in operating assets and liabilities | |||
| Trade receivables and contract assetsAustralian dollars thousands | (304) | (22,083) | PDF p. 48 |
| Other receivables and prepaymentsAustralian dollars thousands | (2,441) | 915 | PDF p. 48 |
| Trade payables and contract liabilitiesAustralian dollars thousands | 12,073 | 1,470 | PDF p. 48 |
| Accruals and other payablesAustralian dollars thousands | 172 | 4,195 | PDF p. 48 |
| InventoriesAustralian dollars thousands | 1,085 | 1,304 | PDF p. 48 |
| Cash generated from / (used in) operationsAustralian dollars thousands | 6,585 | (1,384) | PDF p. 48 |
| Interest paidAustralian dollars thousands | (4,164) | (2,312) | PDF p. 48 |
| Interest receivedAustralian dollars thousands | 13 | 66 | PDF p. 48 |
| Income tax paidAustralian dollars thousands | (225) | (117) | PDF p. 48 |
| Net cash generated from / (used in) operating activitiesAustralian dollars thousands | 2,209 | (3,747) | PDF p. 48 |
| Cash flows from investing activities | |||
| Proceeds from disposal of property, plant and equipmentAustralian dollars thousands | 1,147 | 674 | PDF p. 48 |
| Purchase of property, plant and equipmentAustralian dollars thousands | (1,640) | (1,752) | PDF p. 48 |
| Purchase of other intangible assetsAustralian dollars thousands | (315) | (1,097) | PDF p. 48 |
| Net cash used in investing activitiesAustralian dollars thousands | (808) | (2,175) | PDF p. 48 |
| Cash flows from financing activities | |||
| Proceeds from insurance fundingAustralian dollars thousands | 3,781 | 5,378 | PDF p. 48 |
| Repayment of borrowingsAustralian dollars thousands | – | (5,000) | PDF p. 48 |
| Repayment of insurance fundingAustralian dollars thousands | (3,921) | (5,065) | PDF p. 48 |
| Payment for lease liabilitiesAustralian dollars thousands | (3,676) | (3,503) | PDF p. 48 |
| (Withhold) / release of restricted cash*Australian dollars thousands | (2,543) | 850 | PDF p. 48 |
| Net cash outflow from financing activitiesAustralian dollars thousands | (6,359) | (7,340) | PDF p. 48 |
| Net decrease in cash and cash equivalentsAustralian dollars thousands | (4,958) | (13,262) | PDF p. 48 |
| Effects of exchange rate changes on cash and cash equivalentsAustralian dollars thousands | 4 | (20) | PDF p. 48 |
| Cash and cash equivalents at the beginning of the financial yearAustralian dollars thousands | 7,806 | 21,088 | PDF p. 48 |
| Cash and cash equivalents at end of yearAustralian dollars thousands | 2,852 | 7,806 | PDF p. 48 |
Original report: PDF p. 48 ↗
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| Metric / unit | 2022Group | 2021Group | 2022Company | 2021Company | Source |
|---|---|---|---|---|---|
| Capital risk, net debt and original gearing ratio | |||||
| Net debtAustralian dollars thousands | 77,098 | 71,577 | 69,162 | 63,899 | PDF p. 76 |
| Total equityAustralian dollars thousands | 6,247 | 39,933 | 5,352 | 7,998 | PDF p. 76 |
| Total capitalAustralian dollars thousands | 83,345 | 111,510 | 74,514 | 71,897 | PDF p. 76 |
| Gearing ratio% | 92.5 | 64.2 | 92.8 | 88.9 | PDF p. 76 |
Original report: PDF p. 76 ↗
Original gearing is net debt divided by total capital; net debt equals borrowings less balance-sheet cash including restricted cash. Total capital equals equity plus net debt.
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| Metric / unit | 2022Group | 2021Group | 2022Company | 2021Company | Source |
|---|---|---|---|---|---|
| Cash and cash equivalents including restricted cash | |||||
| Cash and cash equivalents represented by: Cash at bankAustralian dollars thousands | 2,852 | 7,806 | 24 | 52 | PDF p. 77 Label p. 77 |
| Restricted cashAustralian dollars thousands | 3,407 | 863 | – | – | PDF p. 77 |
| SubtotalAustralian dollars thousands | 6,259 | 8,669 | 24 | 52 | PDF p. 77 |
Original report: PDF p. 77 ↗
Restricted cash is cash security held for bank guarantees issued. It is included in balance-sheet cash and excluded from cash-flow cash equivalents. Original current/prior values and separate Group/Company scopes retained.
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| Metric / unit | 2022Group | 2021Group | Source |
|---|---|---|---|
| Reconciliation to cash flow cash excluding restricted cash | |||
| Balance as aboveAustralian dollars thousands | 6,259 | 8,669 | PDF p. 77 |
| *Restricted cashAustralian dollars thousands | (3,407) | (863) | PDF p. 77 |
| Balance per consolidated statement of cash flowsAustralian dollars thousands | 2,852 | 7,806 | PDF p. 77 |
Original report: PDF p. 77 ↗
Restricted cash is cash security held for bank guarantees issued. It is included in balance-sheet cash and excluded from cash-flow cash equivalents. Original current/prior values and separate Group/Company scopes retained.
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| Metric / unit | 2022Group | 2021Group | 2022Company | 2021Company | Source |
|---|---|---|---|---|---|
| Current and non-current interest-bearing borrowings | |||||
| Current Multi currency notesAustralian dollars thousands | 41,677 | – | 41,677 | – | PDF p. 87 Label p. 87 |
| Insurance premium fundingAustralian dollars thousands | 2,083 | 2,071 | – | – | PDF p. 87 |
| Lease liabilitiesAustralian dollars thousands | 2,548 | 2,771 | – | – | PDF p. 87 |
| SubtotalAustralian dollars thousands | 46,308 | 4,842 | 41,677 | – | PDF p. 87 |
| Non-current Multi currency notesAustralian dollars thousands | – | 39,282 | – | 39,282 | PDF p. 87 Label p. 87 |
| Loan from substantial shareholder (note 31(e))Australian dollars thousands | 27,509 | 24,669 | 27,509 | 24,669 | PDF p. 87 |
| Insurance premium fundingAustralian dollars thousands | 2 | 27 | – | – | PDF p. 87 |
| Lease liabilitiesAustralian dollars thousands | 9,538 | 11,426 | – | – | PDF p. 87 |
| SubtotalAustralian dollars thousands | 37,049 | 75,404 | 27,509 | 63,951 | PDF p. 87 |
| Total borrowings (interest-bearing)Australian dollars thousands | 83,357 | 80,246 | 69,186 | 63,951 | PDF p. 87 |
Original report: PDF p. 87 ↗
Original borrowing types retain current/non-current and secured/unsecured classifications. Notes callable on demand due to covenant breach as atreport date; proposed restructuring does not change the printed classification.
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| Metric / unit | 2022Group | 2021Group | Source |
|---|---|---|---|
| Secured and unsecured interest-bearing borrowings | |||
| Secured borrowings: Multi currency notesAustralian dollars thousands | 41,677 | 39,282 | PDF p. 87 Label p. 87 |
| Unsecured borrowings: Loan from substantial shareholderAustralian dollars thousands | 27,509 | 24,669 | PDF p. 87 Label p. 87 |
| Insurance premium fundingAustralian dollars thousands | 2,085 | 2,098 | PDF p. 87 |
| Lease liabilitiesAustralian dollars thousands | 12,086 | 14,197 | PDF p. 87 |
| Total unsecured borrowingsAustralian dollars thousands | 41,680 | 40,964 | PDF p. 87 |
| Total borrowingsAustralian dollars thousands | 83,357 | 80,246 | PDF p. 87 |
Original report: PDF p. 87 ↗
Original borrowing types retain current/non-current and secured/unsecured classifications. Notes callable on demand due to covenant breach as atreport date; proposed restructuring does not change the printed classification.
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| Metric / unit | 2022Group | 2021Group | Source |
|---|---|---|---|
| Note29 basic earnings per share | |||
| Issued and paid-up ordinary shares as at 30 Junefull ordinary shares | 3,073,230,431 | 3,063,230,431 | PDF p. 102 |
| Weighted average number of ordinary shares on issuefull ordinary shares | 3,068,792,075 | 3,062,613,993 | PDF p. 102 |
| Note29 diluted earnings per share | |||
| Weighted average number of ordinary shares on issuefull ordinary shares | 3,068,792,075 | 3,062,613,993 | PDF p. 102 |
| Weighted average number of ordinary shares and potential ordinary sharesfull ordinary shares | 3,068,792,075 | 3,062,613,993 | PDF p. 102 |
Original report: PDF p. 102 ↗
Original note calls both printed rate rows Basic(loss)/earningsper share; the latter is under diluted subsection(b). The exact captions and separate basic/diluted sections are preserved. Niloptions were included in diluted EPS as printed; no claim that no options were outstanding is inferred.
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| Metric / unit | 2022Group | 2021Group | Source |
|---|---|---|---|
| Note29 basic earnings per share | |||
| (Loss) / profit attributable to owners of the CompanyAU$’000 | (31,683) | 1,202 | PDF p. 102 |
Original report: PDF p. 102 ↗
Original note calls both printed rate rows Basic(loss)/earningsper share; the latter is under diluted subsection(b). The exact captions and separate basic/diluted sections are preserved. Niloptions were included in diluted EPS as printed; no claim that no options were outstanding is inferred.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group | 2021Group | Source |
|---|---|---|---|
| Note29 basic earnings per share | |||
| Basic (loss) / earnings per share (AU$ cents per share)Australian cents per share | (1.03) | 0.04 | PDF p. 102 |
| Note29 diluted earnings per share | |||
| Basic (loss) / earnings per share (AU$ cents per share)Australian cents per share | (1.03) | 0.04 | PDF p. 102 |
Original report: PDF p. 102 ↗
Original note calls both printed rate rows Basic(loss)/earningsper share; the latter is under diluted subsection(b). The exact captions and separate basic/diluted sections are preserved. Niloptions were included in diluted EPS as printed; no claim that no options were outstanding is inferred.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2020Group | 2019Group (restated, as labelled in source) | Source |
|---|---|---|---|
| Continuing operations | |||
| RevenueAustralian dollars thousands | 262,245 | 286,250 | PDF p. 35 |
| Cost of salesAustralian dollars thousands | (250,582) | (265,148) | PDF p. 35 |
| Gross profitAustralian dollars thousands | 11,663 | 21,102 | PDF p. 35 |
| Other operating incomeAustralian dollars thousands | 1,420 | 9,291 | PDF p. 35 |
| Other operating costsAustralian dollars thousands | (10,096) | (13,086) | PDF p. 35 |
| Other losses - Impairment of property, plant and equipmentAustralian dollars thousands | (30,255) | – | PDF p. 35 Label p. 35 |
| - Impairment of other intangible assetsAustralian dollars thousands | (19,745) | – | PDF p. 35 |
| Administrative expensesAustralian dollars thousands | (8,397) | (11,248) | PDF p. 35 |
| Marketing and distribution expensesAustralian dollars thousands | (1,328) | (2,219) | PDF p. 35 |
| (Loss)/profit from operationsAustralian dollars thousands | (56,738) | 3,840 | PDF p. 35 |
| Finance costsAustralian dollars thousands | (5,791) | (1,506) | PDF p. 35 |
| Net gain on debt restructureAustralian dollars thousands | – | 854 | PDF p. 35 |
| (Loss)/Profit before income taxAustralian dollars thousands | (62,529) | 3,188 | PDF p. 35 |
| Income tax expenseAustralian dollars thousands | (917) | (1,226) | PDF p. 35 |
| (Loss)/profit from continued operationAustralian dollars thousands | (63,446) | 1,962 | PDF p. 35 |
| Discontinued operation | |||
| Profit from discontinued operation (net of tax)Australian dollars thousands | 3,940 | 337 | PDF p. 35 |
| Net (loss)/profit for the yearAustralian dollars thousands | (59,506) | 2,299 | PDF p. 35 |
| Items that are or may be reclassified subsequently to profit or loss: | |||
| Currency translation differences - current yearAustralian dollars thousands | 13 | 678 | PDF p. 35 |
| Currency translation differences - dissolved entities transferred to profit or lossAustralian dollars thousands | (3,814) | – | PDF p. 35 |
| Other comprehensive (loss)/income for the yearAustralian dollars thousands | (3,801) | 678 | PDF p. 35 |
| Total comprehensive (loss)/income for the yearAustralian dollars thousands | (63,307) | 2,977 | PDF p. 35 |
| (Loss)/earnings per share (AU$ cents per share) | |||
| - Basic (loss)/earnings per shareAustralian cents per share | (2.0) | 0.1 | PDF p. 35 |
| - Diluted (loss)/earnings per shareAustralian cents per share | (2.0) | 0.1 | PDF p. 35 |
| (Loss)/earnings per share from continuing operation (AU$ cents per share) | |||
| - Basic (loss)/earnings per shareAustralian cents per share | (2.1) | 0.1 | PDF p. 35 |
| - Diluted (loss)/earnings per shareAustralian cents per share | (2.1) | 0.1 | PDF p. 35 |
Original report: PDF p. 35 ↗
Original comparativeFY2019income is labelled*Restated; continuing and discontinued operations and separateEPSforcontinuingoperations retained.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2020Group | 2019Group | 2020Company | 2019Company | Source |
|---|---|---|---|---|---|
| Current assets | |||||
| Cash and cash equivalentsAustralian dollars thousands | 22,801 | 17,173 | 563 | 3,442 | PDF p. 36 |
| Trade receivables and contract assetsAustralian dollars thousands | 34,698 | 65,388 | – | – | PDF p. 36 |
| Other receivables and prepaymentsAustralian dollars thousands | 4,711 | 4,486 | 760 | 689 | PDF p. 36 |
| InventoriesAustralian dollars thousands | 3,880 | 1,735 | – | – | PDF p. 36 |
| Total current assetsAustralian dollars thousands | 66,090 | 88,782 | 1,323 | 4,131 | PDF p. 36 |
| Non-current assets | |||||
| Property, plant and equipmentAustralian dollars thousands | 49,819 | 85,084 | – | – | PDF p. 36 |
| Right-of-use assetsAustralian dollars thousands | 13,795 | – | – | – | PDF p. 36 |
| GoodwillAustralian dollars thousands | 10,994 | 10,994 | – | – | PDF p. 36 |
| Other intangible assetsAustralian dollars thousands | 13,814 | 34,121 | – | – | PDF p. 36 |
| PrepaymentsAustralian dollars thousands | 864 | – | – | – | PDF p. 36 |
| Due from subsidiariesAustralian dollars thousands | – | – | 32,820 | 61,941 | PDF p. 36 |
| Investments in subsidiariesAustralian dollars thousands | – | – | 71,276 | 88,261 | PDF p. 36 |
| Total non-current assetsAustralian dollars thousands | 89,286 | 130,199 | 104,096 | 150,202 | PDF p. 36 |
| Total assetsAustralian dollars thousands | 155,376 | 218,981 | 105,419 | 154,333 | PDF p. 36 |
| Current liabilities | |||||
| Trade payables and contract liabilitiesAustralian dollars thousands | 6,108 | 15,579 | – | – | PDF p. 36 |
| Other payablesAustralian dollars thousands | 20,508 | 22,750 | 755 | 766 | PDF p. 36 |
| Due to subsidiariesAustralian dollars thousands | – | – | 11,485 | 8,196 | PDF p. 36 |
| BorrowingsAustralian dollars thousands | 9,067 | 7,306 | 4,996 | 6,928 | PDF p. 36 |
| Accruals for other liabilities and chargesAustralian dollars thousands | 2,665 | 5,115 | – | – | PDF p. 36 |
| Current income tax liabilityAustralian dollars thousands | 104 | 851 | 359 | 310 | PDF p. 36 |
| ProvisionsAustralian dollars thousands | – | 166 | – | – | PDF p. 36 |
| Total current liabilitiesAustralian dollars thousands | 38,452 | 51,767 | 17,595 | 16,200 | PDF p. 36 |
| Non-current liabilities | |||||
| Deferred income tax liabilitiesAustralian dollars thousands | 627 | 736 | – | – | PDF p. 36 |
| BorrowingsAustralian dollars thousands | 80,531 | 67,611 | 67,751 | 67,611 | PDF p. 36 |
| Accruals for other liabilities and chargesAustralian dollars thousands | 746 | 950 | – | – | PDF p. 36 |
| Total non-current liabilitiesAustralian dollars thousands | 81,904 | 69,297 | 67,751 | 67,611 | PDF p. 36 |
| Total liabilitiesAustralian dollars thousands | 120,356 | 121,064 | 85,346 | 83,811 | PDF p. 36 |
| Net assetsAustralian dollars thousands | 35,020 | 97,917 | 20,073 | 70,522 | PDF p. 36 |
| to equity holders of the Company | |||||
| Share capitalAustralian dollars thousands | 216,349 | 216,349 | 216,349 | 216,349 | PDF p. 36 |
| Capital reserveAustralian dollars thousands | (163) | (163) | (163) | (163) | PDF p. 36 |
| Share based payment reserveAustralian dollars thousands | 5,848 | 5,438 | 5,848 | 5,438 | PDF p. 36 |
| Foreign currency translation reserveAustralian dollars thousands | 15,106 | 18,907 | 27,564 | 27,918 | PDF p. 36 |
| Accumulated lossesAustralian dollars thousands | (202,120) | (142,614) | (229,525) | (179,020) | PDF p. 36 |
| Total equityAustralian dollars thousands | 35,020 | 97,917 | 20,073 | 70,522 | PDF p. 36 |
Original report: PDF p. 36 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2020Group — Share capital | 2020Group — Capital reserve | 2020Group — Share based payment reserve | 2020Group — Foreign currency translation reserve | 2020Group — Accumulated losses | 2020Group — Total equity | Source |
|---|---|---|---|---|---|---|---|
| Group changes in equity — FY2020 source | |||||||
| Balance as at 1 July 2019Australian dollars thousands | 216,349 | (163) | 5,438 | 18,907 | (142,614) | 97,917 | PDF p. 37 |
| Loss for the yearAustralian dollars thousands | – | – | – | – | (59,506) | (59,506) | PDF p. 37 |
| Other comprehensive lossAustralian dollars thousands | – | – | – | (3,801) | – | (3,801) | PDF p. 37 |
| Total comprehensive loss for the yearAustralian dollars thousands | – | – | – | (3,801) | (59,506) | (63,307) | PDF p. 37 Label p. 37 |
| their capacity as owners: | |||||||
| Employee share and option scheme expenseAustralian dollars thousands | – | – | 410 | – | – | 410 | PDF p. 37 Label p. 37 |
| SubtotalAustralian dollars thousands | – | – | 410 | – | – | 410 | PDF p. 37 |
| Balance at 30 June 2020Australian dollars thousands | 216,349 | (163) | 5,848 | 15,106 | (202,120) | 35,020 | PDF p. 37 |
Original report: PDF p. 37 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2019Group — Share capital | 2019Group — Capital reserve | 2019Group — Share based payment reserve | 2019Group — Foreign currency translation reserve | 2019Group — Accumulated losses | 2019Group — Total equity | Source |
|---|---|---|---|---|---|---|---|
| Group | |||||||
| Balance as at 1 July 2018Australian dollars thousands | 162,647 | (163) | 5,460 | 18,229 | (144,913) | 41,260 | PDF p. 37 |
| Profit for the yearAustralian dollars thousands | – | – | – | – | 2,299 | 2,299 | PDF p. 37 |
| Other comprehensive incomeAustralian dollars thousands | – | – | – | 678 | – | 678 | PDF p. 37 |
| Total comprehensive income for the yearAustralian dollars thousands | – | – | – | 678 | 2,299 | 2,977 | PDF p. 37 Label p. 37 |
| their capacity as owners: | |||||||
| Employee share and option scheme expenseAustralian dollars thousands | – | – | (22) | – | – | (22) | PDF p. 37 Label p. 37 |
| Shares issued net of transaction costAustralian dollars thousands | 46,350 | – | – | – | – | 46,350 | PDF p. 37 Label p. 37 |
| Issue of ordinary shares through debt restructureAustralian dollars thousands | 7,352 | – | – | – | – | 7,352 | PDF p. 37 Label p. 37 |
| SubtotalAustralian dollars thousands | 53,702 | – | (22) | – | – | 53,680 | PDF p. 37 |
| Balance at 30 June 2019Australian dollars thousands | 216,349 | (163) | 5,438 | 18,907 | (142,614) | 97,917 | PDF p. 37 |
Original report: PDF p. 37 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2020Group | 2019Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Net (loss) / profit for the yearAustralian dollars thousands | (59,506) | 2,299 | PDF p. 38 |
| Adjustments for: | |||
| Income tax expenseAustralian dollars thousands | 917 | 1,226 | PDF p. 38 |
| Depreciation of property, plant and equipmentAustralian dollars thousands | 5,123 | 5,832 | PDF p. 38 |
| Depreciation of right-of-use assetsAustralian dollars thousands | 2,484 | – | PDF p. 38 |
| Amortisation of other intangible assetsAustralian dollars thousands | 1,183 | 948 | PDF p. 38 |
| Employee share and share option scheme expenseAustralian dollars thousands | 410 | (22) | PDF p. 38 |
| Impairment loss on trade receivables and contract assetsAustralian dollars thousands | 900 | 4,335 | PDF p. 38 |
| Impairment loss on property, plant and equipmentAustralian dollars thousands | 30,255 | – | PDF p. 38 |
| Impairment loss on intangible assetsAustralian dollars thousands | 19,745 | – | PDF p. 38 |
| Bad debts recoveryAustralian dollars thousands | – | (862) | PDF p. 38 |
| Foreign exchange gain arisen from dissolutionAustralian dollars thousands | (3,814) | – | PDF p. 38 |
| (Reversal of)/allowance for foreseeable contract lossesAustralian dollars thousands | – | 4,239 | PDF p. 38 |
| Gain on debt restructureAustralian dollars thousands | – | (854) | PDF p. 38 |
| Recovery of costs incurred from related partyAustralian dollars thousands | – | (6,000) | PDF p. 38 |
| Net unrealised foreign exchange differencesAustralian dollars thousands | 449 | (854) | PDF p. 38 |
| Profit on sale of property, plant and equipmentAustralian dollars thousands | (922) | (1,013) | PDF p. 38 |
| Interest incomeAustralian dollars thousands | (95) | (354) | PDF p. 38 |
| Finance costsAustralian dollars thousands | 5,791 | 1,564 | PDF p. 38 |
| Operating cash flows before working capital changesAustralian dollars thousands | 2,920 | 10,484 | PDF p. 38 |
| Changes in operating assets and liabilities | |||
| Trade receivables and contract assetsAustralian dollars thousands | 29,790 | 24,092 | PDF p. 38 |
| Other receivables and prepaymentsAustralian dollars thousands | (1,089) | 3,892 | PDF p. 38 |
| Trade and other payablesAustralian dollars thousands | (9,471) | (25,710) | PDF p. 38 |
| AccrualsAustralian dollars thousands | (5,646) | (36,109) | PDF p. 38 |
| InventoriesAustralian dollars thousands | (2,145) | 2,430 | PDF p. 38 |
| Cash generated from / (used in) operationsAustralian dollars thousands | 14,359 | (20,921) | PDF p. 38 |
| Interest paidAustralian dollars thousands | (4,377) | (6,884) | PDF p. 38 |
| Interest receivedAustralian dollars thousands | 95 | 354 | PDF p. 38 |
| Income tax paidAustralian dollars thousands | (1,188) | (1,019) | PDF p. 38 |
| Net cash generated from / (used in) operating activitiesAustralian dollars thousands | 8,889 | (28,470) | PDF p. 38 |
| Cash flows from investing activities | |||
| Proceeds from disposal of property, plant and equipmentAustralian dollars thousands | 1,523 | 4,443 | PDF p. 38 |
| Purchase of property, plant and equipmentAustralian dollars thousands | (720) | (4,783) | PDF p. 38 |
| Purchase of other intangible assetsAustralian dollars thousands | (621) | (655) | PDF p. 38 |
| Net cash generated from / (used in) investing activitiesAustralian dollars thousands | 182 | (995) | PDF p. 38 |
| Cash flows from financing activities | |||
| Proceeds from insurance/software fundingAustralian dollars thousands | 11,090 | 2,232 | PDF p. 39 |
| Proceeds from borrowingsAustralian dollars thousands | 7,500 | – | PDF p. 39 |
| Repayment of borrowingsAustralian dollars thousands | (10,169) | (37,034) | PDF p. 39 |
| Repayment of insurance/software fundingAustralian dollars thousands | (8,819) | (2,868) | PDF p. 39 |
| Proceeds from issue of share capitalAustralian dollars thousands | – | 46,350 | PDF p. 39 |
| Payment for lease liabilitiesAustralian dollars thousands | (3,112) | – | PDF p. 39 |
| (Withhold)/release of restricted cash*Australian dollars thousands | 1,000 | (1,463) | PDF p. 39 |
| Net cash (outflow) / inflow from financing activitiesAustralian dollars thousands | (2,510) | 7,217 | PDF p. 39 |
| Net increase / (decrease) in cash and cash equivalentsAustralian dollars thousands | 6,561 | (22,248) | PDF p. 39 |
| Effects of exchange rate changes on cash and cash equivalentsAustralian dollars thousands | 67 | 112 | PDF p. 39 |
| Cash and cash equivalents at the beginning of the financial yearAustralian dollars thousands | 14,460 | 36,596 | PDF p. 39 |
| Cash and cash equivalents at end of yearAustralian dollars thousands | 21,088 | 14,460 | PDF p. 39 |
Original report: PDF p. 38 ↗ PDF p. 39 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2020Group | 2019Group | 2020Company | 2019Company | Source |
|---|---|---|---|---|---|
| Historical cash including restricted cash — FY2020 source | |||||
| Cash and cash equivalents represented by: Cash at bankAustralian dollars thousands | 21,088 | 14,460 | 563 | 3,442 | PDF p. 69 Label p. 69 |
| Restricted cashAustralian dollars thousands | 1,713 | 2,713 | – | – | PDF p. 69 |
| SubtotalAustralian dollars thousands | 22,801 | 17,173 | 563 | 3,442 | PDF p. 69 |
Original report: PDF p. 69 ↗
Restricted cash represents bank-guarantee cash security and is excluded from cash-flow cash equivalents; source separateGroup/Companyscopes retained.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2020Group | 2019Group | Source |
|---|---|---|---|
| Historical cash flow reconciliation excluding restricted cash — FY2020 source | |||
| Balance as aboveAustralian dollars thousands | 22,801 | 17,173 | PDF p. 69 |
| *Restricted cashAustralian dollars thousands | (1,713) | (2,713) | PDF p. 69 |
| Balance per consolidated statement of cash flowsAustralian dollars thousands | 21,088 | 14,460 | PDF p. 69 |
Original report: PDF p. 69 ↗
Restricted cash represents bank-guarantee cash security and is excluded from cash-flow cash equivalents; source separateGroup/Companyscopes retained.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2018Group | 2017Group | Source |
|---|---|---|---|
| Continuing operations | |||
| RevenueAustralian dollars thousands | 566,807 | 434,960 | PDF p. 39 |
| Cost of salesAustralian dollars thousands | (509,324) | (390,286) | PDF p. 39 |
| Gross profitAustralian dollars thousands | 57,483 | 44,674 | PDF p. 39 |
| Other operating incomeAustralian dollars thousands | 1,528 | 894 | PDF p. 39 |
| Other operating costsAustralian dollars thousands | (9,920) | (10,889) | PDF p. 39 |
| Other losses - Impairment of trade receivablesAustralian dollars thousands | (5,469) | (2,013) | PDF p. 39 Label p. 39 |
| - Impairment of property, plant and equipmentAustralian dollars thousands | (7,547) | - | PDF p. 39 |
| - Impairment of intangible assetsAustralian dollars thousands | (1,821) | - | PDF p. 39 |
| Administrative expensesAustralian dollars thousands | (7,162) | (13,230) | PDF p. 39 |
| Marketing and distribution expensesAustralian dollars thousands | (1,867) | (1,164) | PDF p. 39 |
| Profit from operationsAustralian dollars thousands | 25,225 | 18,272 | PDF p. 39 |
| Finance costsAustralian dollars thousands | (11,681) | (17,104) | PDF p. 39 |
| Net gain on debt restructureAustralian dollars thousands | 1,314 | 5,541 | PDF p. 39 |
| Profit before income taxAustralian dollars thousands | 14,858 | 6,709 | PDF p. 39 |
| Income tax expenseAustralian dollars thousands | (1,392) | (3,574) | PDF p. 39 |
| Profit from continuing operationsAustralian dollars thousands | 13,466 | 3,135 | PDF p. 39 |
| Discontinued operation | |||
| Profit from discontinued operationAustralian dollars thousands | 10 | 1,438 | PDF p. 39 |
| Net profit for the yearAustralian dollars thousands | 13,476 | 4,573 | PDF p. 39 |
| Net profit is attributable to: Equity holders of the CompanyAustralian dollars thousands | 13,476 | 4,738 | PDF p. 39 Label p. 39 |
| Non-controlling interestsAustralian dollars thousands | - | (165) | PDF p. 39 |
| SubtotalAustralian dollars thousands | 13,476 | 4,573 | PDF p. 39 |
| Items that may be reclassified subsequently to profit or loss: | |||
| Currency translation differences arising from consolidationAustralian dollars thousands | (1,688) | 4,559 | PDF p. 39 |
| Total comprehensive income for the yearAustralian dollars thousands | 11,788 | 9,132 | PDF p. 39 |
| Total comprehensive income attributable to: | |||
| Equity holders of the CompanyAustralian dollars thousands | 11,788 | 9,297 | PDF p. 39 |
| Non-controlling interestsAustralian dollars thousands | - | (165) | PDF p. 39 |
| SubtotalAustralian dollars thousands | 11,788 | 9,132 | PDF p. 39 |
| of the Company (AU$ cents per share) | |||
| - Basic earnings per shareAustralian cents per share | 0.9 | 0.6 | PDF p. 39 |
| - Diluted earnings per shareAustralian cents per share | 0.9 | 0.6 | PDF p. 39 |
Original report: PDF p. 39 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2018Group | 2017Group | 2018Company | 2017Company | Source |
|---|---|---|---|---|---|
| Current assets | |||||
| Cash and cash equivalentsAustralian dollars thousands | 37,846 | 33,851 | 63 | 163 | PDF p. 40 |
| Trade receivablesAustralian dollars thousands | 93,418 | 133,022 | - | - | PDF p. 40 |
| Other receivables and prepaymentsAustralian dollars thousands | 8,378 | 7,144 | 660 | 593 | PDF p. 40 |
| InventoriesAustralian dollars thousands | 4,165 | 3,096 | - | - | PDF p. 40 |
| Total current assetsAustralian dollars thousands | 143,807 | 177,113 | 723 | 756 | PDF p. 40 |
| Non-current assets | |||||
| Property, plant and equipmentAustralian dollars thousands | 75,584 | 87,420 | - | - | PDF p. 40 |
| GoodwillAustralian dollars thousands | 10,994 | 10,994 | - | - | PDF p. 40 |
| Other intangible assetsAustralian dollars thousands | 32,704 | 36,576 | - | - | PDF p. 40 |
| Due from subsidiariesAustralian dollars thousands | - | - | 57,556 | 98,895 | PDF p. 40 |
| Investments in subsidiariesAustralian dollars thousands | - | - | 82,823 | 79,126 | PDF p. 40 |
| Deferred income tax assetsAustralian dollars thousands | - | 110 | - | - | PDF p. 40 |
| Total non-current assetsAustralian dollars thousands | 119,282 | 135,100 | 140,379 | 178,021 | PDF p. 40 |
| Total assetsAustralian dollars thousands | 263,089 | 312,213 | 141,102 | 178,777 | PDF p. 40 |
| Current liabilities | |||||
| Trade payablesAustralian dollars thousands | 37,051 | 47,843 | - | - | PDF p. 40 |
| Other payablesAustralian dollars thousands | 47,725 | 66,826 | 1,709 | 2,273 | PDF p. 40 |
| Due to subsidiariesAustralian dollars thousands | - | - | 8,363 | 7,996 | PDF p. 40 |
| BorrowingsAustralian dollars thousands | 86,770 | 44,801 | 85,756 | 41,395 | PDF p. 40 |
| Accruals for other liabilities and chargesAustralian dollars thousands | 10,215 | 19,993 | - | - | PDF p. 40 |
| Current income tax liabilityAustralian dollars thousands | 1,945 | 528 | 295 | 153 | PDF p. 40 |
| ProvisionsAustralian dollars thousands | 859 | - | - | - | PDF p. 40 |
| Total current liabilitiesAustralian dollars thousands | 184,565 | 179,991 | 96,123 | 51,817 | PDF p. 40 |
| Non-current liabilities | |||||
| Deferred income tax liabilitiesAustralian dollars thousands | 1,362 | 1,871 | - | - | PDF p. 40 |
| BorrowingsAustralian dollars thousands | 34,172 | 105,893 | 34,172 | 105,893 | PDF p. 40 |
| Accruals for other liabilities and chargesAustralian dollars thousands | 1,265 | 1,160 | - | - | PDF p. 40 |
| Total non-current liabilitiesAustralian dollars thousands | 36,799 | 108,924 | 34,172 | 105,893 | PDF p. 40 |
| Total liabilitiesAustralian dollars thousands | 221,364 | 288,915 | 130,295 | 157,710 | PDF p. 40 |
| Net assetsAustralian dollars thousands | 41,725 | 23,298 | 10,807 | 21,067 | PDF p. 40 |
Original report: PDF p. 40 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2018Group | 2017Group | 2018Company | 2017Company | Source |
|---|---|---|---|---|---|
| to equity holders of the Company | |||||
| Share capitalAustralian dollars thousands | 162,647 | 156,285 | 162,647 | 156,285 | PDF p. 41 |
| Capital reserveAustralian dollars thousands | (163) | (163) | (163) | (163) | PDF p. 41 |
| Share based payment reserveAustralian dollars thousands | 5,460 | 5,183 | 5,460 | 5,183 | PDF p. 41 |
| Foreign currency translation reserveAustralian dollars thousands | 18,229 | 19,917 | 25,891 | 25,009 | PDF p. 41 |
| Accumulated lossesAustralian dollars thousands | (144,448) | (157,924) | (183,028) | (165,247) | PDF p. 41 |
| Total equityAustralian dollars thousands | 41,725 | 23,298 | 10,807 | 21,067 | PDF p. 41 |
Original report: PDF p. 41 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2018Group — Share capital | 2018Group — Capital reserve | 2018Group — Share based payment reserve | 2018Group — Foreign currency translation reserve | 2018Group — Accumulated losses | 2018Group — Attributable total | 2018Group — Non-controlling interest | 2018Group — Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity — FY2018 source | |||||||||
| Balance as at 1 July 2017Australian dollars thousands | 156,285 | (163) | 5,183 | 19,917 | (157,924) | 23,298 | - | 23,298 | PDF p. 42 Label p. 42 |
| Profit for the yearAustralian dollars thousands | - | - | - | - | 13,476 | 13,476 | - | 13,476 | PDF p. 42 |
| Other comprehensive incomeAustralian dollars thousands | - | - | - | (1,688) | - | (1,688) | - | (1,688) | PDF p. 42 Label p. 42 |
| Total comprehensive income/(loss) for the yearAustralian dollars thousands | - | - | - | (1,688) | 13,476 | 11,788 | - | 11,788 | PDF p. 42 Label p. 42 |
| Transactions with owners in their capacity as owners: Employee share and option scheme expenseAustralian dollars thousands | - | - | 277 | - | - | 277 | - | 277 | PDF p. 42 Label p. 42 |
| Issue of ordinary shares through debt restructureAustralian dollars thousands | 6,362 | - | - | - | - | 6,362 | - | 6,362 | PDF p. 42 Label p. 42 |
| SubtotalAustralian dollars thousands | 6,362 | - | 277 | - | - | 6,639 | - | 6,639 | PDF p. 42 |
| Balance at 30 June 2018Australian dollars thousands | 162,647 | (163) | 5,460 | 18,229 | (144,448) | 41,725 | - | 41,725 | PDF p. 42 Label p. 42 |
Original report: PDF p. 42 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2017Group — Share capital | 2017Group — Capital reserve | 2017Group — Share based payment reserve | 2017Group — Foreign currency translation reserve | 2017Group — Accumulated losses | 2017Group — Attributable total | 2017Group — Non-controlling interest | 2017Group — Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| GROUP | |||||||||
| Balance as at 1 July 2016Australian dollars thousands | 128,040 | (163) | 4,395 | 15,409 | (161,449) | (13,768) | (1,099) | (14,867) | PDF p. 42 Label p. 42 |
| Profit for the yearAustralian dollars thousands | - | - | - | - | 4,738 | 4,738 | (165) | 4,573 | PDF p. 42 |
| Other comprehensive incomeAustralian dollars thousands | - | - | - | 4,559 | - | 4,559 | - | 4,559 | PDF p. 42 Label p. 42 |
| Total comprehensive income/(loss) for the yearAustralian dollars thousands | - | - | - | 4,559 | 4,738 | 9,297 | (165) | 9,132 | PDF p. 42 Label p. 42 |
| Transactions with owners in their capacity as owners: Employee share and option scheme expenseAustralian dollars thousands | - | - | 788 | - | - | 788 | - | 788 | PDF p. 42 Label p. 42 |
| Issue of ordinary shares through debt restructureAustralian dollars thousands | 28,245 | - | - | - | - | 28,245 | - | 28,245 | PDF p. 42 Label p. 42 |
| Acquisition of non- controlling interestsAustralian dollars thousands | - | - | - | (51) | (1,213) | (1,264) | 1,264 | - | PDF p. 42 Label p. 42 |
| SubtotalAustralian dollars thousands | 28,245 | - | 788 | (51) | (1,213) | 27,769 | 1,264 | 29,033 | PDF p. 42 |
| Balance at 30 June 2017Australian dollars thousands | 156,285 | (163) | 5,183 | 19,917 | (157,924) | 23,298 | - | 23,298 | PDF p. 42 Label p. 42 |
Original report: PDF p. 42 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2018Group | 2017Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Net profit for the yearAustralian dollars thousands | 13,476 | 4,573 | PDF p. 43 |
| Adjustments for: | |||
| Income tax expenseAustralian dollars thousands | 1,392 | 3,574 | PDF p. 43 |
| Depreciation of property, plant and equipmentAustralian dollars thousands | 8,809 | 9,643 | PDF p. 43 |
| Amortisation of intangible assetsAustralian dollars thousands | 2,042 | 2,844 | PDF p. 43 |
| Employee share and share option scheme expenseAustralian dollars thousands | 277 | 788 | PDF p. 43 |
| Impairment loss on trade receivablesAustralian dollars thousands | 5,505 | 2,013 | PDF p. 43 |
| Impairment loss on property, plant and equipmentAustralian dollars thousands | 7,547 | - | PDF p. 43 |
| Impairment loss on intangible assetsAustralian dollars thousands | 1,821 | - | PDF p. 43 |
| Allowance for / (reversal of) foreseeable contract lossesAustralian dollars thousands | 2,497 | (1,954) | PDF p. 43 |
| Gain on debt restructureAustralian dollars thousands | (1,314) | (5,966) | PDF p. 43 |
| Net unrealised foreign exchange differencesAustralian dollars thousands | 1,063 | (570) | PDF p. 43 |
| Loss / (profit) on sale of property, plant and equipmentAustralian dollars thousands | 1,233 | (2,077) | PDF p. 43 |
| Interest incomeAustralian dollars thousands | (614) | (259) | PDF p. 43 |
| Finance costsAustralian dollars thousands | 11,681 | 17,467 | PDF p. 43 |
| Operating cash flows before working capital changesAustralian dollars thousands | 55,415 | 30,076 | PDF p. 43 |
| Changes in operating assets and liabilities | |||
| Trade receivablesAustralian dollars thousands | 34,797 | (2,171) | PDF p. 43 |
| Other receivables and prepaymentsAustralian dollars thousands | (1,234) | 7,487 | PDF p. 43 |
| Trade and other payablesAustralian dollars thousands | (10,544) | (8,979) | PDF p. 43 |
| AccrualsAustralian dollars thousands | (27,562) | (8,490) | PDF p. 43 |
| InventoriesAustralian dollars thousands | (1,069) | 3,662 | PDF p. 43 |
| Cash generated from operationsAustralian dollars thousands | 49,803 | 21,585 | PDF p. 43 |
| Interest paidAustralian dollars thousands | (9,595) | (15,225) | PDF p. 43 |
| Interest receivedAustralian dollars thousands | 614 | 246 | PDF p. 43 |
| Income tax paidAustralian dollars thousands | (1,005) | (3,023) | PDF p. 43 |
| Net cash generated from operating activitiesAustralian dollars thousands | 39,817 | 3,583 | PDF p. 43 |
| Cash flows from investing activities | |||
| Proceeds from disposal of property, plant and equipmentAustralian dollars thousands | 2,099 | 6,564 | PDF p. 43 |
| Purchase of property, plant and equipmentAustralian dollars thousands | (5,768) | (8,295) | PDF p. 43 |
| Purchase of other intangible assetsAustralian dollars thousands | (16) | (390) | PDF p. 43 |
| Release / (withholding) restricted cash*Australian dollars thousands | 10,650 | (285) | PDF p. 43 |
| Net cash generated from / (used in) investing activitiesAustralian dollars thousands | 6,965 | (2,406) | PDF p. 43 |
| Cash flows from financing activities | |||
| Proceeds from insurance funding/borrowingsAustralian dollars thousands | 5,992 | 21,663 | PDF p. 43 |
| Repayment of borrowingsAustralian dollars thousands | (29,513) | (9,929) | PDF p. 43 |
| Net repayment of insurance funding / finance leasesAustralian dollars thousands | (8,384) | (1,520) | PDF p. 43 |
| Net cash (outflow) / inflow from financing activitiesAustralian dollars thousands | (31,905) | 10,214 | PDF p. 43 |
| Group cash flows — FY2018 source | |||
| Net increase in cash and cash equivalentsAustralian dollars thousands | 14,877 | 11,391 | PDF p. 44 |
| Effects of exchange rate changes on cash and cash equivalentsAustralian dollars thousands | (232) | 80 | PDF p. 44 |
| Cash and cash equivalents at the beginning of the financial yearAustralian dollars thousands | 21,951 | 10,480 | PDF p. 44 |
| Cash and cash equivalents at end of year excluding restricted cashAustralian dollars thousands | 36,596 | 21,951 | PDF p. 44 |
Original report: PDF p. 43 ↗ PDF p. 44 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2018Group | 2017Group | 2018Company | 2017Company | Source |
|---|---|---|---|---|---|
| Historical cash including restricted cash — FY2018 source | |||||
| Cash and cash equivalents represented by: Cash at bankAustralian dollars thousands | 36,596 | 21,951 | 63 | 163 | PDF p. 66 Label p. 66 |
| Restricted cashAustralian dollars thousands | 1,250 | 11,900 | - | - | PDF p. 66 |
| SubtotalAustralian dollars thousands | 37,846 | 33,851 | 63 | 163 | PDF p. 66 |
Original report: PDF p. 66 ↗
Restricted cash represents bank-guarantee cash security and is excluded from cash-flow cash equivalents; source separateGroup/Companyscopes retained.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2018Group | 2017Group | Source |
|---|---|---|---|
| Historical cash flow reconciliation excluding restricted cash — FY2018 source | |||
| Balance as aboveAustralian dollars thousands | 37,846 | 33,851 | PDF p. 66 |
| *Restricted cashAustralian dollars thousands | (1,250) | (11,900) | PDF p. 66 |
| Balance per consolidated statement of cash flowsAustralian dollars thousands | 36,596 | 21,951 | PDF p. 66 |
Original report: PDF p. 66 ↗
Restricted cash represents bank-guarantee cash security and is excluded from cash-flow cash equivalents; source separateGroup/Companyscopes retained.
Where the money comes from
| Item / unit | 2022Projects | 2022Access Services | 2022Fabrication & Manufacturing - Australia | 2022Maintenance Services | 2022Port & Marine Services | 2022Corporate/Unallocated | 2022Total | 2021Projects | 2021Access Services | 2021Fabrication & Manufacturing - Australia | 2021Maintenance Services | 2021Port & Marine Services (including discontinued entities) | 2021Corporate/Unallocated | 2021Total | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TOTAL REVENUE | |||||||||||||||
| Revenue from external customersAU$'000 | 34,958 | 28,545 | 27,987 | 150,325 | 3,237 | – | 245,052 | 22,945 | 25,185 | 31,365 | 112,490 | 3,075 | – | 195,060 | PDF p. 106PDF p. 107 |
| RESULTS | |||||||||||||||
| Adjusted EBITDAAU$'000 | (8,149) | 3,188 | 1,479 | 10,001 | (1,501) | (10,963) | (5,945) | 3,281 | 2,528 | 1,323 | 8,891 | (277) | (2,302) | 13,444 | PDF p. 106PDF p. 107 |
| Depreciation and amortisationAU$'000 | (5) | (2,334) | (1,170) | – | (2,672) | (1,465) | (7,646) | (5) | (2,494) | (1,245) | – | (2,638) | (1,255) | (7,637) | PDF p. 106PDF p. 107 |
| Interest incomeAU$'000 | – | – | – | – | – | 13 | 13 | – | 1 | – | – | – | 65 | 66 | PDF p. 106PDF p. 107 |
| Interest expenseAU$'000 | – | (57) | (83) | – | (5,362) | (561) | (6,063) | (1) | (67) | (117) | – | (3,503) | (436) | (4,124) | PDF p. 106PDF p. 107 |
| Impairment lossesAU$'000 | – | (891) | – | – | (10,813) | – | (11,704) | (8) | (202) | – | – | – | (7) | (217) | PDF p. 106PDF p. 107 |
| (Loss) / profit before taxAU$'000 | (8,154) | (94) | 226 | 10,001 | (20,348) | (12,976) | (31,345) | PDF p. 106 | |||||||
| ASSETS | |||||||||||||||
| Total segment assetsAU$'000 | 13,190 | 32,125 | 12,703 | 28,411 | 36,968 | 15,114 | 138,511 | 2,966 | 37,271 | 17,074 | 32,990 | 50,134 | 16,379 | 156,814 | PDF p. 106PDF p. 107 |
| Additions to non-current assets (other than financial assets and deferred tax)AU$'000 | – | 1,117 | 529 | – | 650 | 340 | 2,636 | – | 2,702 | 136 | – | 385 | 2,051 | 5,274 | PDF p. 106PDF p. 107 |
| LIABILITIES | |||||||||||||||
| Total segment liabilitiesAU$'000 | 10,510 | 4,222 | 7,326 | 11,153 | 13,087 | 85,966 | 132,264 | 650 | 4,605 | 3,703 | 9,262 | 17,014 | 81,647 | 116,881 | PDF p. 106PDF p. 107 |
| RESULTS | |||||||||||||||
| Profit / (loss) before taxAU$'000 | 3,267 | (234) | (39) | 8,891 | (6,418) | (3,935) | 1,532 | PDF p. 107 | |||||||
The Group’s wholly-owned Australian entities have implemented the tax consolidation legislation. As a consequence, the Australian entities are taxed as a single entity and deferred tax assets and liabilities of these entities are set off in the consolidated financial statements. The deferred tax assets and liabilities relate to the tax consolidated group as a whole and are not treated as assets and liabilities belonging to the individual segments but as unallocated assets and liabilities.
| Item / unit | 2022Group | 2021Group | Source |
|---|---|---|---|
| Segment assets | |||
| Segment assets for reportable segmentsAU$'000 | 123,397 | 140,435 | PDF p. 108 |
| Cash and cash equivalentsAU$'000 | 5,848 | 7,616 | PDF p. 108 |
| Other receivables and prepaymentsAU$'000 | 6,171 | 4,069 | PDF p. 108 |
| Property, plant and equipmentAU$'000 | 1,706 | 2,754 | PDF p. 108 |
| Intangible assetsAU$'000 | 1,389 | 1,940 | PDF p. 108 |
Total row printed as 138,511 (2022) and 156,814 (2021) without a label.
| Item / unit | 2022Group | 2021Group | Source |
|---|---|---|---|
| Segment liabilities | |||
| Segment liabilities for reportable segmentsAU$'000 | 46,298 | 35,234 | PDF p. 108 |
| Trade payablesAU$'000 | 3,289 | 2,250 | PDF p. 108 |
| Other payablesAU$'000 | 5,198 | 6,725 | PDF p. 108 |
| BorrowingsAU$'000 | 71,271 | 66,049 | PDF p. 108 |
| Accruals for other liabilities and chargesAU$'000 | 4,112 | 3,311 | PDF p. 108 |
| Lease liabilitiesAU$'000 | 1,573 | 2,816 | PDF p. 108 |
Deferred tax liabilities (including set off of deferred tax pursuant to set-off provisions) 523 / 496 is printed on a wrapped row and omitted from rows; total row printed as 132,264 (2022) and 116,881 (2021) without a label.
| Item / unit | 2022Revenue AU$'000 | 2022Revenue % | 2022Segment assets AU$'000 | 2022Segment assets % | 2022Non-current assets AU$'000 | 2022Non-current assets % | 2021Revenue AU$'000 | 2021Revenue % | 2021Segment assets AU$'000 | 2021Segment assets % | 2021Non-current assets AU$'000 | 2021Non-current assets % | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AustraliaAU$'000 / % | 240,577 | 98.2 | 132,415 | 95.6 | 59,579 | 95.5 | 192,845 | 98.9 | 149,975 | 95.6 | 82,049 | 96.3 | PDF p. 109 |
| SingaporeAU$'000 / % | 1,582 | 0.7 | 3,547 | 2.6 | 2,616 | 4.2 | 905 | 0.5 | 3,738 | 2.4 | 2,916 | 3.4 | PDF p. 109 |
| ThailandAU$'000 / % | 2,893 | 1.1 | 2,398 | 1.7 | 176 | 0.3 | 1,310 | 0.7 | 1,741 | 1.1 | 244 | 0.3 | PDF p. 109 |
| TotalAU$'000 / % | 245,052 | 100.0 | 138,511 | 100.0 | 62,371 | 100.0 | 195,060 | 100.0 | 156,814 | 100.0 | 85,209 | 100.0 | PDF p. 109 |
Major customer: Revenue from one customer of the Group’s Maintenance Services segment represents approximate AU$147.6 million (2021: AU$127.2 million) of the Group’s total revenues.
Debt
| Item / unit | 2022Group Less than 1 year | 2022Group Between 1 and 2 years | 2022Group Between 2 and 5 years | 2022Group Over 5 years | 2022Group Total contractual cashflows | 2022Group Carrying amount of liabilities | 2021Group Less than 1 year | 2021Group Between 1 and 2 years | 2021Group Between 2 and 5 years | 2021Group Over 5 years | 2021Group Total contractual cashflows | 2021Group Carrying amount of liabilities | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | |||||||||||||
| BorrowingsAU$'000 | 43,373 | 2 | 28,253 | – | 71,628 | 71,271 | 4,953 | 41,265 | 28,320 | – | 74,538 | 66,049 | PDF p. 75 |
| Lease liabilitiesAU$'000 | 3,636 | 1,949 | 1,911 | 21,175 | 28,671 | 12,086 | 3,705 | 3,516 | 2,974 | 20,577 | 30,772 | 14,197 | PDF p. 75 |
Based on undiscounted cash flows; balances due within 12 months equal carrying balances.
Based on undiscounted cash flows.
| Item / unit | 2022Company Less than 1 year | 2022Company Between 1 and 2 years | 2022Company Between 2 and 5 years | 2022Company Total contractual cashflows | 2022Company Carrying amount of liabilities | 2021Company Less than 1 year | 2021Company Between 1 and 2 years | 2021Company Between 2 and 5 years | 2021Company Total contractual cashflows | 2021Company Carrying amount of liabilities | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Company | |||||||||||
| BorrowingsAU$'000 | 41,238 | – | 28,253 | 69,491 | 69,186 | 2,803 | 41,238 | 28,320 | 72,361 | 63,951 | PDF p. 75 |
Company table has no 'Over 5 years' column.
| Item / unit | 2022Group | 2021Group | 2022Company | 2021Company | Source |
|---|---|---|---|---|---|
| Current | |||||
| Multi currency notes (Current)AU$'000 | 41,677 | – | 41,677 | – | PDF p. 87 |
| Insurance premium funding (Current)AU$'000 | 2,083 | 2,071 | – | – | PDF p. 87 |
| Lease liabilities (Current)AU$'000 | 2,548 | 2,771 | – | – | PDF p. 87 |
| Total current borrowingsAU$'000 | 46,308 | 4,842 | 41,677 | – | PDF p. 87 |
| Non-current | |||||
| Multi currency notes (Non-current)AU$'000 | – | 39,282 | – | 39,282 | PDF p. 87 |
| Loan from substantial shareholder (note 31(e))AU$'000 | 27,509 | 24,669 | 27,509 | 24,669 | PDF p. 87 |
| Insurance premium funding (Non-current)AU$'000 | 2 | 27 | – | – | PDF p. 87 |
| Lease liabilities (Non-current)AU$'000 | 9,538 | 11,426 | – | – | PDF p. 87 |
| Total non-current borrowingsAU$'000 | 37,049 | 75,404 | 27,509 | 63,951 | PDF p. 87 |
| Total | |||||
| Total borrowings (interest-bearing)AU$'000 | 83,357 | 80,246 | 69,186 | 63,951 | PDF p. 87 |
Group and Company columns for 2022 and 2021, AU$’000. Non-current multi currency notes in 2021; in 2022 notes classified current (callable on demand due to covenant breach; maturity 3 December 2022).
| Item / unit | 2022Group | 2021Group | Source |
|---|---|---|---|
| Secured borrowings | |||
| Multi currency notes (Secured borrowings)AU$'000 | 41,677 | 39,282 | PDF p. 87 |
| Unsecured borrowings | |||
| Loan from substantial shareholder (Unsecured)AU$'000 | 27,509 | 24,669 | PDF p. 87 |
| Insurance premium funding (Unsecured)AU$'000 | 2,085 | 2,098 | PDF p. 87 |
| Lease liabilities (Unsecured)AU$'000 | 12,086 | 14,197 | PDF p. 87 |
| Total unsecured borrowingsAU$'000 | 41,680 | 40,964 | PDF p. 87 |
| Total | |||
| Total borrowingsAU$'000 | 83,357 | 80,246 | PDF p. 87 |
Per page 88: Notes secured on shared first ranking basis against all property and assets of NT Port and Marine Pty Ltd and 100% of shares of Ezion Offshore Logistics Hub Pte. Ltd. Shareholder loan unsecured, 2% p.a., repayable 31 October 2023.
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend policy | The Group does not have a fixed dividend policy. There was no dividend declared to the shareholders of the Group for FY2022 due to the working capital requirements of the Group. | Group, FY2022 | PDF p. 28 |
Extracted from Annual Report 2022 and checked against the cited pages; see the original report for full context.
Auditor’s report
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Audit firm | KPMG LLP | Group | PDF p. 44 |
| Engagement partner | Loo Kwok Chiang, Adrian | Group | PDF p. 44 |
| Disclaimer of opinion | We do not express an opinion on the accompanying financial statements of the Group. | Group | PDF p. 43 |
| Basis for disclaimer of opinion | As such, we are unable to conclude whether the use of going concern assumption in the preparation of financial statements is appropriate. | Group | PDF p. 43 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Preparation of the financial statements on a going concern basis | The Group incurred a net loss of AU$31.7 million for the financial year ended 30 June 2022. | Group | PDF p. 49 |
| Going concern (auditor) | we are unable to conclude whether the use of going concern assumption in the preparation of financial statements is appropriate | Group | PDF p. 43 |
Extracted from Annual Report 2022 and checked against the cited pages; see the original report for full context.
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow Annual Report 2022, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
Original monetary statements use Australian dollars thousands; EPS uses Australian cents per share. Original years and Group/Company scopes are preserved. Group income/CI/equity/cashflow and Group/Company financial position are disclosed; no separate Company income/CI/equity/cashflow statement is invented.
FY2020 income comparative FY2019 is labelled Restated for discontinued operations; all source financial comparisons are retained separately. FY2022 audit report has Disclaimer of opinion. Source fidelity validation does not imply a clean audit opinion.
Note5cash including restricted cash differs from CFcash; Groupcurrent6259minus3407=2852, prior8669minus863=7806. Company24/52is separately retained.
Original substantial shareholder percentages and top20 percentages have separately qualified source differences; no ownership capacities or historical numbers are replaced.
No dividend/distribution per-share or proposed dividend amount is disclosed; no invented zero is inserted.
Original FY2018closingGroup equity41,725 and accumulated losses(144,448) differ from FY2019openingasdisplayedinFY2020source41,260/(144,913) because FY2019originalPDF42 explicitly records465AU$thousand SFRS(I)9adoption adjustment at1July2018. Original as-reported and restated bases are retained separately.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.