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2021 ReportAppendix 4E Preliminary Final Report Name of entity ABN Analytica Limited 12 006 464 866 1. Reporting Period Report for the financial year end Previous corresponding reporting period 30 June 2019 30 June 2018 2. Results for announcement to the market Revenue from ordinary activities Profit/(loss) from ordinary activities after tax attributable to members Net profit/(loss) for the period attributable to members Percentage increase/(decrease) over previous corresponding period (18) (5) (5) $ 829,556 (2,054,174) (2,054,174) Dividends Final dividend Interim dividend Amount per security Franked amount per security Nil Nil Nil Nil Record date for determining entitlements to dividend Not applicable Brief explanation of any of the figures reported above necessary to enable the figures to be understood Reduction in R & D that is claimable for tax rebate in 2016 reduced tax rebate in 2017. Reduction in costs. Company focus was on R & D and limited marketing. 3. Income Statement Refer to Attachment A 4. Balance Sheet Refer to Attachment A 5. Statement of Changes in Equity 6. Cash Flow Statement Refer to Attachment A Refer to Attachment A Page 1 of 2 7. Dividends Date dividend is payable Record date to determine entitlement to the dividend Amount per security Total dividend Amount per security of foreign sourced dividend or distribution Details of any dividend reinvestment plans in operation The last date for receipt of an election notice for participation in any dividend reinvestment plans Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable 8. Statement of retained earnings Consolidated Entity Balance at the beginning of the year (101,563,734) (99,404,643) 2019 2018 Net profit attributable to members of the parent entity Transfer from option reserve Balance at end of the year 9. Net tangible assets per security Net tangible asset backing per ordinary security (2,054,174) (2,159,091) 485,538 (103,132,370) (101,563,734) Current period Previous corresponding period $0.0005 $0.0009 10. Details of entities over which control has been gained or lost during the period Not applicable 11. Details of associated and joint venture entities Name of associate or joint venture entity PeriCoach Pty Ltd % Securities held 100 Page 2 of 2 AUDITOR’S INDEPENDENCE DECLARATION UNDER SECTION 307C OF THE CORPORATIONS ACT 2001 TO THE DIRECTORS OF ANALYTICA LIMITED I declare that, to the best of my knowledge and belief, during the year ended 30 June 2019 there has been: i. no contraventions of the auditor independence requirements as set out in the Corporations Act 2001 in relation to the audit; and ii. no contraventions of any applicable code of professional conduct in relation to the audit. Bentleys Brisbane Partnership Chartered Accountants Ashley Carle Partner Brisbane 22 August 2019 INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF ANALYTICA LIMITED Report on the Audit of the Financial Report Opinion We have audited the financial report of Analytica Limited (The Company and its subsidiary, together, the “Group”), which comprises the consolidated statement of financial position as at 30 June 2019 and the consolidated statement of profit or loss and other comprehensive income, consolidated statement of changes in equity and the consolidated statement of cash flows for the year then ended, notes comprising a summary of significant accounting policies and other explanatory information, and the director’s declaration. In our opinion: a. the consolidated financial report of the Group is in accordance with the Corporations Act 2001, including: (i) giving a true and fair view of the Group’s financial position as at 30 June 2019 and of its performance for the year then ended; and (ii) complying with Australian Accounting Standards and the Corporations Regulations 2001. Basis for Opinion We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Report section of our report. We are independent of the Group in accordance with the auditor independence requirements of the Corporations Act 2001 and the ethical requirements of the Australian Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants (the Code) that are relevant to our audit of the financial report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Material Uncertainty Related to Going Concern Without modifying our opinion, we draw attention to Note 1v in the financial report, which indicates that Analytica Limited will be required to raise additional funds to meet forecast cash needs. These conditions, along with other matters as set forth in Note 1v, indicate the existence of a material uncertainty that may cast significant doubt about the ability to continue as a going concern and therefore, Analytica Limited may be unable to realise its assets and discharge its liabilities in the normal course of business. Key Audit Matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the financial report of the current period. These matters were addressed in the context of our audit of the financial report as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. In addition to the matter described in the ‘Material Uncertainty Relating to Going Concern’ section, we have determined the matters described below to be the key audit matters to be communicated in our report. INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF ANALYTICA LIMITED (Continued) Key Audit Matter Accounting For and Disclosure of Options We focused on this area as a key audit matter due to: How Our Audit Addressed the Key Audit Matter Our procedures included, amongst others: • inherent complexity and • Options, including the movements in option holdings, option expenditure and option reserves are material in nature and can have a material dollar value impact on the financial report. level of The judgment involved in correctly valuing and accounting for options, especially in regard to unlisted options. The for adequate and appropriate disclosure of options the in remuneration report. the financial report and importance and requirement • • Verifying the completeness of options on issue with reference to ASX announcements and other third party supporting information. Testing the valuation of options by agreeing to valuation reports completed by independent valuers. • • Checking vesting calculations and correct accounting for options in accordance with AASB 2 Share-based Payment. • Ensuring the disclosure of options the financial report was adequate and appropriate, verifying movements to relevant supporting information. in options in Existence and Valuation of Inventory We focused on this area as a key audit matter due to: Our procedures included, amongst others: risk of impairment due • Analytica’s inventory is a material balance on the statement of financial position, and is at high to technological obsolescence. In recent years Analytica has impaired the overall inventory balance by material amounts as a result of impairment reviews conducted by Analytica’s management and Audit. • • A significant amount of Analytica’s inventory is held by third parties. • • Verifying the existence of inventory by agreeing the client’s year end balances and records to third party confirmations from those entities that inventory on Analytica’s behalf. Those hold entities performed stocktakes at 30 June 2019, and we obtained copies of these stocktake reports. for Testing impairment and write offs recorded during the year, based on our knowledge of the client and risk of the specific obsolescence. Where indicators were noted, further enquiries were made with management and recalculation of potential impairment was compared to the provision in the financial report. items at impairment the adequacy of the provision inventory • Ensuring the accuracy of the Analytica’s inventory records by checking that the correct cost per unit was applied to inventory on hand at year end. Given there has been minimal purchases in recent times, the applied cost per unit was compared to the rates applied in the prior year. INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF ANALYTICA LIMITED (Continued) Key Audit Matter Existence and Valuation of Intangibles – Patents and Trademarks We focused on this area as a key audit matter due to: Our procedures included, amongst others: How Our Audit Addressed the Key Audit Matter • • • Intangibles being material in nature and having a material dollar value impact on the financial report. • Verifying on a substantive basis the existence and cost of eligible expenditure on patents and trademarks. inherent complexity and The level of judgment involved in correctly accounting for intangibles like patents and trademarks. The potential risk of impairment, given the intangibles relate to hi-tech products. • Verifying the capitalisation of costs that to patents and in trademarks was relation relevant completed recognition and measurement requirements of Australian accounting standards. accordance with in • Challenging management’s impairment review and overall assessment of the fair value of intangibles recognised at year end. Information Other than the Financial Report and Auditor's Report Thereon The directors are responsible for the other information. The other information comprises the information included in the Group’s annual report for the year ended 30 June 2019, but does not include the financial report and our auditor's report thereon. Our opinion on the financial report does not cover the other information and accordingly we do not express any form of assurance conclusion thereon. In connection with our audit of the financial report, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial report or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Responsibilities of the Directors for the Financial Report The directors of the Group are responsible for the preparation of the financial report that gives a true and fair view in accordance with Australian Accounting Standards and the Corporations Act 2001 and for such internal control as the directors determine is necessary to enable the preparation of the financial report that gives a true and fair view and is free from material misstatement, whether due to fraud or error. In preparing the financial report, the directors are responsible for assessing the ability of the Group to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Group or to cease operations, or have no realistic alternative but to do so. INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF ANALYTICA LIMITED (Continued) Auditor’s Responsibilities for the Audit of the Financial Report Our objectives are to obtain reasonable assurance about whether the financial report as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the Australian Auditing Standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this financial report. As part of an audit in accordance with Australian Auditing Standards, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the financial report, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group’s internal control. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. • Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial report or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern. • Evaluate the overall presentation, structure and content of the financial report, including the disclosures, and whether the financial report represents the underlying transactions and events in a manner that achieves fair presentation. • Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the financial report. We are responsible for the direction, supervision and performance of the Group audit. We remain solely responsible for our audit opinion. We communicate with the directors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide the directors with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF ANALYTICA LIMITED (Continued) From the matters communicated with the directors, we determine those matters that were of most significance in the audit of the financial report of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on the Remuneration Report Opinion on the Remuneration Report We have audited the Remuneration Report included in pages 14 to 24 of the directors' report for the year ended 30 June 2019. In our opinion, the Remuneration Report of Analytica Limited, for the year ended 30 June 2019, complies with section 300A of the Corporations Act 2001. Responsibilities The directors of Analytica Limited are responsible for the preparation and presentation of the Remuneration Report in accordance with section 300A of the Corporations Act 2001. Our responsibility is to express an opinion on the Remuneration Report, based on our audit conducted in accordance with Australian Auditing Standards. Bentleys Brisbane Partnership Chartered Accountants Ashley Carle Partner Brisbane 22 August 2019
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