Annual Report 2024
Financial Year Ending 30 June 2024
ABN 54 091 908 723
Annual Report 2024
Page
2
Contents
CEO’s Review
Financial Report
Directors' Report
3
Remuneration report (audited)
12
Auditor's independence declaration
20
Consolidated financial statements
Consolidated statement of profit or loss
22
Consolidated statement of comprehensive income
23
Consolidated statement of financial position
24
Consolidated statement of changes in equity
25
Consolidated statement of cash flows
26
Notes to the financial statements
27
Directors’ declaration
47
Independent auditor's report
48
Shareholder Information
52
Corporate Information
54
ABN : 54 091 908 726
8 Ethel Ave
Brookvale, NSW, 2100
P : (02) 8977 4900
www.datadotdna.com
DataDot Technology Limited
Annual Report 2024
Page 1 of 54
Chief Executive Officer’s Review
Dear Shareholders
On behalf of the Board, I am pleased to present the Company’s 2024 Annual Report. This year, the group has
achieved solid growth in both revenue and earnings while reaching important milestones in our insurance
salvage and recovery services and expanding our microdot distribution network into Asia.
Microdot sales to our wholesale customers in both the U.K. and the United States have shown strong
performance throughout FY 24. Following the financial year-end, we signed a heads of agreement with a
new microdot distributor in Asia, with plans to have this distributor fully operational by Q4 of FY 25. Excluding
this new distributor, we anticipate a stabilisation of sales in the US and UK markets after two consecutive
years of significant growth. Our automotive-related royalties, however, remain impacted by the ongoing war
in Ukraine, a challenge we expect to persist through FY 25.
In the insurance salvage and recovery services sector, we made notable progress during FY24, leading to a
trial agreement with a Tier 1 insurance company in August 2024. While this trial represents a significant step
forward, its success and potential expansion in FY25 across additional insurance providers in Australia will
be key to our growth. However, challenges remain, and overcoming these will be essential as we navigate
this phase of development.
Key results for the year include:
•
A 10.82% increase in total revenue (driven by a strong microdot sales in UK and US markets);
•
A 15.3 % increase in total product sales;
•
A 5.4% increase in operating expenses; and
•
An overall Net Profit before tax of $231,297.
The Company remains debt-free, with a strong base and sufficient working capital to pursue its revenue
diversification strategy. The group’s net assets increased from $3,780,085 at June 2023 to $3,996,025 at June
2024 (excluding the Deferred Tax Asset).
No share transactions were undertaken during the year. With cash, cash equivalents, and financial
investments totaling $3,249,125 as of 30 June 2024, these reserves, along with our underlying earnings, will
be directed towards growth in FY 25, particularly in the insurance salvage and recovery services sector, where
we are poised to maximise the value of the trial with a Tier 1 Insurance Company.
As we strive to embrace the opportunities that come with diversifying into new business models, while
building on our strong base, your directors remain fully committed to building a sustainable and profitable
business and driving value for shareholders.
Thank you for your continued support.
Brad Kellas
CEO & Managing Director
21 October 2024
2021
2022
2023
2024
Revenue
3,896,113
3,561,177
2,693,031
2,984,493
EBITDA
1,494,733
1,045,785
254,423
507,872
Net Profit / (Loss) before tax
1,234,982
829,163
11,647
231,297
DataDot Technology Limited
Annual Report 2024
Page 2 of 54
Directors
dŚĞŝƌĞĐƚŽƌƐƉƌĞƐĞŶƚƚŚĞŝƌƌĞƉŽƌƚƚŽŐĞƚŚĞƌǁŝƚŚƚŚĞĮŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐŽĨƚŚĞĐŽŶƐŽůŝĚĂƚĞĚĞŶƟƚLJĐŽŵƉƌŝƐŝŶŐ
ĂƚĂŽƚdĞĐŚŶŽůŽŐLJ>ŝŵŝƚĞĚĂŶĚƚŚĞĞŶƟƟĞƐŝƚĐŽŶƚƌŽůůĞĚ;͞ĂƚĂŽƚ͟ŽƌƚŚĞ͞ĐŽŶƐŽůŝĚĂƚĞĚĞŶƟƚLJ͟ͿĨŽƌƚŚĞĮŶĂŶĐŝĂů
LJĞĂƌĞŶĚĞĚϯϬ:ƵŶĞϮϬϮϰ͘
dŚĞĨŽůůŽǁŝŶŐƉĞƌƐŽŶƐǁĞƌĞĚŝƌĞĐƚŽƌƐŽĨĂƚĂŽƚĚƵƌŝŶŐƚŚĞĮŶĂŶĐŝĂůLJĞĂƌĂŶĚƵƉƚŽƚŚĞĚĂƚĞŽĨƚŚŝƐƌĞƉŽƌƚ͕ƵŶůĞƐƐ
ŽƚŚĞƌǁŝƐĞƐƚĂƚĞĚ͗
- ZĂLJĂƌƌŽůů
;ƌĞƟƌĞĚϮϳEŽǀĞŵďĞƌϮϬϮϯͿ
- ƌĂĚ<ĞůůĂƐ
-
-
ĂǀŝĚ>ůŽLJĚ
WĂƚƌŝĐŬZĂƉĞƌ
;ĂƉƉŽŝŶƚĞĚϮϵ^ĞƉƚĞŵďĞƌϮϬϮϯͿ
WƌŝŶĐŝƉĂůĂĐƟǀŝƟĞƐ
dŚĞƉƌŝŶĐŝƉĂůĂĐƟǀŝƟĞƐŽĨĂƚĂŽƚĚƵƌŝŶŐƚŚĞLJĞĂƌǁĞƌĞ͗
;ĂͿ
ƚŽŵĂŶƵĨĂĐƚƵƌĞĂŶĚĚŝƐƚƌŝďƵƚĞĂƐƐĞƚŝĚĞŶƟĮĐĂƟŽŶĂŶĚĚŝŐŝƚĂůƚŚĞŌƉƌŽƚĞĐƟŽŶƐŽůƵƟŽŶƐƚŚĂƚŝŶĐůƵĚĞ͗
x
ĂƚĂŽƚEΠƉŽůLJŵĞƌĂŶĚŵĞƚĂůůŝĐŵŝĐƌŽĚŽƚƐ͖ĂŶĚ
x
,ŝŐŚƐĞĐƵƌŝƚLJĂƚĂdƌĂĐĞ/ΠĂƵƚŚĞŶƟĐĂƟŽŶ͘
;ďͿ
ƚŽĚĞǀĞůŽƉĂŶĚƉƌŽǀŝĚĞĐƵƐƚŽŵŝƐĞĚĂƐƐĞƚƉƌŽƚĞĐƟŽŶĂŶĚƌĞĐŽǀĞƌLJƐŽůƵƟŽŶƐŝŶĐůƵĚŝŶŐ͗
x
ƐƐĞƚZĞŐŝƐƚĞƌƐ/ ĚĂƚĂďĂƐĞƐƚŚĂƚƌĞĐŽƌĚĂƐƐĞƚŝĚĞŶƟĮĐĂƟŽŶĚĂƚĂĨƌŽŵƚŚĞƉƵďůŝĐĂŶĚĐŽŵŵĞƌĐŝĂů
ŽƌŐĂŶŝƐĂƟŽŶƐ͖ĂŶĚ
x
sh>d ďƌĂŶĚĞĚ ĂƐƐĞƚ ƉƌŽƚĞĐƟŽŶ ĂŶĚ ƌĞĐŽǀĞƌLJ ƐĞƌǀŝĐĞƐ͕ ƚŽŐĞƚŚĞƌ ǁŝƚŚ Ă ƌĂŶŐĞ ŽĨ ďĞƐƉŽŬĞ
ĂƚĂDŽƚEďƌĂŶĚĞĚĂƐƐĞƚŝĚĞŶƟĮĐĂƟŽŶĂŶĚƌĞůĂƚĞĚƐĞĐƵƌŝƚLJƉƌŽĚƵĐƚƐ͘
dŚĞƌĞŚĂƐďĞĞŶŶŽƐŝŐŶŝĮĐĂŶƚĐŚĂŶŐĞŝŶƚŚĞŶĂƚƵƌĞŽĨƚŚĞŽŵƉĂŶLJ͛ƐĂĐƟǀŝƟĞƐĚƵƌŝŶŐƚŚĞLJĞĂƌ͘
ŝǀŝĚĞŶĚƐ
dŚĞŝƌĞĐƚŽƌƐƌĞĐŽŵŵĞŶĚƚŚĂƚŶŽĚŝǀŝĚĞŶĚďĞƉĂŝĚ͘EŽĚŝǀŝĚĞŶĚƐŚĂǀĞďĞĞŶĚĞĐůĂƌĞĚŽƌƉĂŝĚĚƵƌŝŶŐƚŚĞƉĞƌŝŽĚ͘
ZĞǀŝĞǁŽĨŽƉĞƌĂƟŽŶƐ
dŚĞ'ƌŽƵƉĚĞůŝǀĞƌĞĚĂŶƵŶĚĞƌůLJŝŶŐƚƌĂĚŝŶŐƌĞƐƵůƚĨŽƌƚŚĞĮŶĂŶĐŝĂůLJĞĂƌĞŶĚŝŶŐϯϬ:ƵŶĞϮϬϮϰ ŽĨĂŶĞƚWƌŽĮƚĞĨŽƌĞ
dĂdžŽĨΨϮϯϭ͕Ϯϵϳ͘dŚĞƵŶĚĞƌůLJŝŶŐƚƌĂĚŝŶŐƌĞƐƵůƚŝƐƵƉŽŶƚŚĞŶĞƚƉƌŽĮƚďĞĨŽƌĞƚĂdžƌĞƐƵůƚŽĨΨϭϭ͕ϲϰϳŝŶ&zϮϯ ĂŶĚ
ƌĞƉƌĞƐĞŶƚƐĂƐƚĂďŝůŝƐĂƟŽŶŽĨƚŚĞŽƉĞƌĂƟŶŐƌĞƐƵůƚƐĨŽƌƚŚĞLJĞĂƌĂŌĞƌƉŽƐƟŶŐĂĮƌƐƚŚĂůĨΨϯϭ͕ϵϴϴƉƌŽĮƚ͘
Directors' Report
for the year ended 30 June 2024
DataDot Technology Limited
Annual Report 2024
Page 3 of 54
dŚĞĨŽůůŽǁŝŶŐĐŚĂƌƚƐƐƵŵŵĂƌŝƐĞƚŚĞŵĂũŽƌƚƌĞŶĚƐŝŶƚŚĞĮŶĂŶĐŝĂůƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚĞ'ƌŽƵƉŽǀĞƌƚŚĞƉĂƐƚϰ LJĞĂƌƐ͗
(4,000)
(3,000)
(2,000)
(1,000)
-
1,000
2,000
3,000
4,000
5,000
2021
2022
2023
2024
$,000
Year
DDT 4 Year Financial Trends - Revenue & Expenses
Royalties, Licence and Service Fees
Sale of Goods
Total Expenses
0
200
400
600
800
1,000
1,200
1,400
2021
2022
2023
2024
$,000
Year
DDT 4 Year Financial Trend - Net Profit / (Loss) before tax
Directors' Report
for the year ended 30 June 2024
DataDot Technology Limited
Annual Report 2024
Page 4 of 54
ZĞǀĞŶƵĞƐĂŶĚ'ƌŽƐƐWƌŽĮƚDĂƌŐŝŶƐ
dŽƚĂůƌĞǀĞŶƵĞĨŽƌƚŚĞ'ƌŽƵƉŝŶ&zϮϬϮϰǁĂƐΨϮ͕ϵϴϰ͕ϰϵϯ͕ĂŶŝŶĐƌĞĂƐĞŽĨϭϬ͘ϴйĨƌŽŵ&zϮϬϮϯ͘
dŽƚĂůƉƌŽĚƵĐƚƐĂůĞƐŝŶĐƌĞĂƐĞĚďLJĂƉƉƌŽdžŝŵĂƚĞůLJϭϰ͘ϵй͘WƌŽĚƵĐƚ ƐĂůĞƐĨƌŽŵ ƚŚĞKDĂŶĚ ŝƐƚƌŝďƵƚŽƌƐĞŐŵĞŶƚ
ŝŶĐƌĞĂƐĞĚďLJϭϰ͘Ϭй͕ĂŶĚƚŽƚĂůƐĂůĞƐĨƌŽŵƚŚĞŝƌĞĐƚ-to-ƵƐŝŶĞƐƐĂŶĚŽŶƐƵŵĞƌƐĞŐŵĞŶƚĚĞĐƌĞĂƐĞĚ ďLJϮϰ͘ϱй ŽīĂ
ůŽǁďĂƐĞ͘
ZŽLJĂůƟĞƐĂŶĚ>ŝĐĞŶƐĞ&ĞĞƐĨƌŽŵŽƵƌŽǀĞƌƐĞĂƐůŝĐĞŶƐĞĞƐĂŶĚĚŝƐƚƌŝďƵƚŽƌƐĐŽŶƟŶƵĞƚŽĨŽƌŵĂƐŝŐŶŝĮĐĂŶƚƉĂƌƚŽĨƚŚĞ
'ƌŽƵƉ͛ƐKDĂŶĚŝƐƚƌŝďƵƚŽƌďƵƐŝŶĞƐƐ͘ZŽLJĂůƚLJƌĞǀĞŶƵĞƐǁĞƌĞĚŽǁŶŝŶ&zϮϬϮϰďLJϭϱ͘ϳйĐŽŵƉĂƌĞĚƚŽ&zϮϬϮϯ͘
dŚĞĨĂůůŝŶƌŽLJĂůƚLJƌĞǀĞŶƵĞŝŶƚŚĞĐƵƌƌĞŶƚƉĞƌŝŽĚǁĂƐĚƵĞƚŽƚƌĂĚŝŶŐǁĞĂŬŶĞƐƐŝŶKDŝƐƚƌŝďƵƚŽƌƐŝŶĨƌŝĐĂĂŶĚ
ƐŝĂ͘
dŚĞŝŶĐƌĞĂƐĞĚƐĂůĞƐŝŶŽƵƌh^ĂŶĚƵƌŽƉĞĂŶŵĂƌŬĞƚƐŚĂǀĞ ŚĞůƉĞĚƚŽŽīƐĞƚƚŚĞĚĞĐůŝŶĞŝŶƌŽLJĂůƚLJŝŶĐŽŵĞĂŶĚƚŚĞ
ƐƵďĚƵĞĚƉĞƌĨŽƌŵĂŶĐĞŝŶƚŚĞƵƐƚƌĂůŝĂŶŵĂƌŬĞƚ͘
KƉĞƌĂƟŶŐŽƐƚƐ
KƉĞƌĂƟŶŐĐŽƐƚƐĚƵƌŝŶŐ&zϮϰǁĞƌĞƵƉϱ͘ϯйĐŽŵƉĂƌĞĚƚŽ&zϮϬϮϯ͕ƚŚĞŵĂũŽƌŝƚLJŽĨ ĞdžƉĞŶĚŝƚƵƌĞŚĂƐďĞĞŶǁĞůů
ĐŽŶƚĂŝŶĞĚ͕ĚĞƐƉŝƚĞƚŚĞŽŶŐŽŝŶŐŚŝŐŚŝŶŇĂƟŽŶĞŶǀŝƌŽŶŵĞŶƚ͘ <ĞLJĐŽŶƚƌŝďƵƚŽƌƐƚŽƚŚĞŝŶĐƌĞĂƐĞŝŶŽǀĞƌĂůůŽƉĞƌĂƟŶŐ
ĐŽƐƚƐǁĞƌĞŝŶĂƌĞĂƐŽĨǁĞďĚĞǀĞůŽƉŵĞŶƚ͕ƐŽŌǁĂƌĞĞŶŚĂŶĐĞŵĞŶƚƐĂŶĚƐĞĐƵƌŝƚLJƵƉŐƌĂĚĞƐ͘
ĂƉŝƚĂůDĂŶĂŐĞŵĞŶƚ
DĂŝŶƚĂŝŶŝŶŐƚŚĞ'ƌŽƵƉ͛ƐƐƚƌŽŶŐĐĂƐŚƉŽƐŝƟŽŶƌĞŵĂŝŶƐĂŬĞLJĨŽĐƵƐŽĨƚŚĞŽĂƌĚ͘dŚĞĐĂƐŚ ĂŶĚ ĐĂƐŚĞƋƵŝǀĂůĞŶƚƐĂŶĚ
ĮŶĂŶĐŝĂůĂƐƐĞƚƐĂǀĂŝůĂďůĞƚŽƚŚĞ'ƌŽƵƉŝŶĐƌĞĂƐĞĚ ĚƵƌŝŶŐ&zϮϬϮϰ ĨƌŽŵΨϮ͕ϴϲϳ͕ϱϬϭ ƚŽΨϯ͕Ϯϰϵ͕ϭϮϱ͘
dŚĞ'ƌŽƵƉƌĞŵĂŝŶƐ ĨƌĞĞŽĨĚĞďƚŝŶƐƚƌƵŵĞŶƚƐƚŚĂƚĂƌĞƐƵďũĞĐƚƚŽŝŶƚĞƌĞƐƚƉĂLJŵĞŶƚƐ͘
dŚĞ'ƌŽƵƉ͛ƐůŝƋƵŝĚŝƚLJƌĞŵĂŝŶƐǀĞƌLJƐŽƵŶĚĂŶĚƉƌŽǀŝĚĞƐĂƐƚƌŽŶŐĨŽƵŶĚĂƟŽŶĨŽƌŝŶǀĞƐƚŵĞŶƚŝŶƚŚĞďƵƐŝŶĞƐƐĞƐ͛
ĞdžƉĂŶƐŝŽŶ͘
KƵƚůŽŽŬ
dŚĞŽĂƌĚƌĞŵĂŝŶƐƐƚĞĂĚĨĂƐƚŝŶŝƚƐĐŽŵŵŝƚŵĞŶƚƚŽĚŝǀĞƌƐŝĨLJŝŶŐƚŚĞ'ƌŽƵƉΖƐƌĞǀĞŶƵĞďĂƐĞďĞLJŽŶĚŝƚƐŚŝƐƚŽƌŝĐĂů
ďƵƐŝŶĞƐƐ ŵŽĚĞů͘ KƵƌ ĞdžƉĂŶĚĞĚ ŽƉĞƌĂƟŽŶƐ ŶŽǁ ŽīĞƌ Ă ĐŽŵƉƌĞŚĞŶƐŝǀĞ ƐƵŝƚĞ ŽĨ ŵƵůƟ-ƐĞƌǀŝĐĞƐ͕ ĞŶĐŽŵƉĂƐƐŝŶŐ
ƉŚLJƐŝĐĂůĂŶĚĚŝŐŝƚĂůĂƐƐĞƚŝĚĞŶƟĮĐĂƟŽŶ͕ƉƌŽǀĞŶĂŶĐĞǀĞƌŝĮĐĂƟŽŶ͕ƚŚĞŌĚĞƚĞƌƌĞŶĐĞ͕ĂŶĚŝŶƐƵƌĂŶĐĞƐƵďƌŽŐĂƟŽŶĂŶĚ
ƐƚŽůĞŶĂƐƐĞƚŝĚĞŶƟĮĐĂƟŽŶĂŶĚƌĞĐŽǀĞƌLJ ƐĞƌǀŝĐĞ͘ĂĐŚŽĨƚŚĞƐĞĐŽƌĞƐĞƌǀŝĐĞƐŝƐƐƵƉƉŽƌƚĞĚďLJĂƐƐŽĐŝĂƚĞĚŽīĞƌŝŶŐƐ
ĂŶĚƉƌŽĚƵĐƚ-ƌĞůĂƚĞĚƌĞǀĞŶƵĞƐƚƌĞĂŵƐ͕ƉŽƐŝƟŽŶŝŶŐƚŚĞ'ƌŽƵƉƚŽĐĂƉŝƚĂůŝƐĞŽŶƚŚĞŐƌŽǁŝŶŐŶĞĞĚĨŽƌĐŽŵƉƌĞŚĞŶƐŝǀĞ
ĂƐƐĞƚƉƌŽƚĞĐƟŽŶĂŶĚǀĞƌŝĮĐĂƟŽŶƐŽůƵƟŽŶƐĂĐƌŽƐƐǀĂƌŝŽƵƐŝŶĚƵƐƚƌŝĞƐ͘
Directors' Report
for the year ended 30 June 2024
DataDot Technology Limited
Annual Report 2024
Page 5 of 54
dŚĞŽƵƚůŽŽŬŽĨƚŚĞ'ƌŽƵƉ͛ƐŽƉĞƌĂƟŶŐƐĞŐŵĞŶƚs ŝƐĂƐĨŽůůŽǁƐ͗
KDĂŶĚŝƐƚƌŝďƵƟŽŶ^ĞŐŵĞŶƚ
/ŶƚŚĞKDĂŶĚŝƐƚƌŝďƵƟŽŶƐĞŐŵĞŶƚ͕ǁĞĞdžƉĞĐƚƚŚĞůĞǀĞůŽĨƌŽLJĂůƟĞƐŽǀĞƌƚŚĞĨŽƌǁĂƌĚƉĞƌŝŽĚĨŽƌŽƵƌĞdžŝƐƟŶŐ
ĐƵƐƚŽŵĞƌƐƚŽƌĞŵĂŝŶƐƵďĚƵĞĚ͘tĞŚĂǀĞĞdžƉĞƌŝĞŶĐĞĚƐƚƌŽŶŐŐƌŽǁƚŚƐĂůĞƐƚŽǁŚŽůĞƐĂůĞĐƵƐƚŽŵĞƌƐŝŶƚŚĞh͘<͘ĂŶĚ
h^ which we ĞdžƉĞĐƚƚŽĐŽŶƐŽůŝĚĂƚĞĂƚƚŚĞĐƵƌƌĞŶƚůĞǀĞůƐ͘
/ŶƵƐƚƌĂůŝĂ ƚŚĞKDĂŶĚŝƐƚƌŝďƵƟŽŶƐĞŐŵĞŶƚĞdžƉĞƌŝĞŶĐĞĚ ĂĚĞĐƌĞĂƐĞŝŶƐĂůĞƐŝŶ&zϮϬϮϰ ǁŚŝĐŚŇŽǁĞĚĨƌŽŵ
ǁĞĂŬĞƌĚŝƌĞĐƚĂƵƚŽŵŽƟǀĞƐĂůĞƐĨŽƌŽƵƌŬĞLJĐůŝĞŶƚƐ͘
ƐĂŶĂƚƵƌĂůƉƌŽŐƌĞƐƐŝŽŶŽĨƚŚĞĐŽƌĞďƵƐŝŶĞƐƐƚŚĞ'ƌŽƵƉĐŽŶƟŶƵĂůůLJƐĞĞŬƐĂŶĚĞǀĂůƵĂƚĞƐŶĞǁĚŝƐƚƌŝďƵƚŽƌƉĂƌƚŶĞƌƐ
ƚŽŐƌŽǁŽƵƌĨŽŽƚƉƌŝŶƚŝŶŶĞǁŵĂƌŬĞƚƐ͘
KǀĞƌĂůů͕ ƚŚĞKDĂŶĚŝƐƚƌŝďƵƟŽŶ^ĞŐŵĞŶƚŝŶ&zϮϬϮϱŝƐĞdžƉĞĐƚĞĚƚŽĂĐŚŝĞǀĞŵŽĚĞƐƚŐƌŽǁƚŚ͘
DataTraceID
dƌĂĐĞƉƌŽĚƵĐƚƐĂůĞƐƚŽĞdžŝƐƟŶŐĐƵƐƚŽŵĞƌƐƐĂǁĂƐůŝŐŚƚĚĞĐůŝŶĞŽǀĞƌƚŚĞ&zϮϬϮϰLJĞĂƌ͘&zϮϬϮϱŚĂƐƐƚĂƌƚĞĚŽŶĂ
ƐƚƌŽŶŐĞƌĨŽŽƟŶŐ͘tĞĂƌĞĨŽƌĞĐĂƐƟŶŐŵŽĚĞƌĂƚĞŐƌŽǁƚŚŝŶ&zϮϬϮϱ͕ǁŝƚŚƉŽƚĞŶƟĂůŶĞǁďƵƐŝŶĞƐƐŝŶƚŚĞƉŝƉĞůŝŶĞ͘
ŝƌĞĐƚƵƐŝŶĞƐƐĂŶĚŽŶƐƵŵĞƌ^ĞŐŵĞŶƚ
dŚĞŽĂƌĚĂŶĚŵĂŶĂŐĞŵĞŶƚŚĂǀĞŝĚĞŶƚŝĨŝĞĚŐƌŽǁƚŚƉŽƚĞŶƚŝĂůǁŝƚŚŝŶƚŚĞŝƌĞĐƚƵƐŝŶĞƐƐĂŶĚŽŶƐƵŵĞƌƐĞŐŵĞŶƚ͘
ƵŝůĚŝŶŐƵƉŽŶƚŚĞƉƌŽŐƌĞƐƐŵĂĚĞŝŶ&zϮϬϮϰ͕ƚŚĞĐŽŵƉĂŶLJƌĞŵĂŝŶƐĐŽŵŵŝƚƚĞĚƚŽĨƵƌƚŚĞƌŝŶǀĞƐƚŵĞŶƚƚŽĐĂƉŝƚĂůŝƐĞ
ŽŶƚŚĞƐĞŽƉƉŽƌƚƵŶŝƚŝĞƐ͘
/ŶƵŐƵƐƚϮϬϮϰ͕ƚŚĞĐŽŵƉĂŶLJůĂƵŶĐŚĞĚĂƉŝǀŽƚĂůŝŶŝƚŝĂƚŝǀĞďLJƐĞĐƵƌŝŶŐĂƚƌŝĂůǁŝƚŚĂdŝĞƌϭŝŶƐƵƌĂŶĐĞĐŽŵƉĂŶLJĨŽƌ
WƌŽƉĞƌƚLJsh>d͘dŚŝƐƐĞǀĞŶ-ŵŽŶƚŚƚƌŝĂůŝŶǀŽůǀĞƐƵƉůŽĂĚŝŶŐĚĞƚĂŝůƐŽĨƐƚŽůĞŶĂƐƐĞƚƐƚŽƚŚĞWƌŽƉĞƌƚLJsh>dƐLJƐƚĞŵ͘
dŚĞĐŽŵƉĂŶLJƐƚĂŶĚƐƚŽŐĞŶĞƌĂƚĞƚŝĞƌĞĚƐĞƌǀŝĐĞĨĞĞƐĨŽƌƐƵĐĐĞƐƐĨƵůĂƐƐĞƚƌĞĐŽǀĞƌLJĚƵƌŝŶŐƚŚŝƐƉĞƌŝŽĚ͘dŽŵĂdžŝŵŝƐĞ
ƚŚĞƚƌŝĂůΖƐƐƵĐĐĞƐƐ͕ŝŶĐƌĞĂƐĞĚŵĂƌŬĞƚŝŶŐĂŶĚƉƌŽŵŽƚŝŽŶĂůĞĨĨŽƌƚƐĨŽƌWƌŽƉĞƌƚLJsh>dĂƌĞƉůĂŶŶĞĚ͘^ŝŵƵůƚĂŶĞŽƵƐůLJ͕
ĚŝƐĐƵƐƐŝŽŶƐĂƌĞƵŶĚĞƌǁĂLJǁŝƚŚŵƵůƚŝƉůĞŽƚŚĞƌŝŶƐƵƌĂŶĐĞĐŽŵƉĂŶŝĞƐƚŽĞdžƉĂŶĚƚŚŝƐƐĞƌǀŝĐĞ͘
/ŶĐŽŶũƵŶĐƚŝŽŶǁŝƚŚŝƚƐŝŶƐƵƌĂŶĐĞƐĞĐƚŽƌŝŶŝƚŝĂƚŝǀĞƐ͕ƚŚĞĐŽŵƉĂŶLJĐŽŶƚŝŶƵĞƐƚŽĞŶŚĂŶĐĞŝƚƐĞŶŐĂŐĞŵĞŶƚǁŝƚŚůĂǁ
ĞŶĨŽƌĐĞŵĞŶƚĂŐĞŶĐŝĞƐƚŚƌŽƵŐŚWƌŽƉĞƌƚLJsh>dƐĞƌǀŝĐĞƐ͘dŚŝƐƐƚƌĂƚĞŐŝĐŽĨĨĞƌŝŶŐĂŝĚƐƉŽůŝĐĞĨŽƌĐĞƐŝŶŝĚĞŶƚŝĨLJŝŶŐ
ƐƚŽůĞŶĂƐƐĞƚƐĂŶĚƌĞĐŽŶŶĞĐƚŝŶŐƚŚĞŵǁŝƚŚƚŚĞŝƌƌŝŐŚƚĨƵůŽǁŶĞƌƐ͘dŚĞĐŽŵƉĂŶLJΖƐĚĞĚŝĐĂƚĞĚŶĂƚŝŽŶĂůƉŽůŝĐĞůŝĂŝƐŽŶ
ŽĨĨŝĐĞƌŚĂƐďĞĞŶŝŶƐƚƌƵŵĞŶƚĂůŝŶĨŽƐƚĞƌŝŶŐƌŽďƵƐƚƌĞůĂƚŝŽŶƐŚŝƉƐǁŝƚŚǀĂƌŝŽƵƐůĂǁĞŶĨŽƌĐĞŵĞŶƚĞŶƚŝƚŝĞƐ͕ƐŝŐŶŝĨŝĐĂŶƚůLJ
ďŽůƐƚĞƌŝŶŐƚŚŝƐĐŽůůĂďŽƌĂƚŝǀĞĞĨĨŽƌƚ͘
dŚĞĐŽŵƉĂŶLJΖƐĐŽŵŵŝƚŵĞŶƚƚŽ ĐŽŵŵƵŶŝƚLJƐĂĨĞƚLJ ĞdžƚĞŶĚƐďĞLJŽŶĚƚŚĞƐĞŝŶŝƚŝĂƚŝǀĞƐ͘KŶŐŽŝŶŐƐƉŽŶƐŽƌƐŚŝƉƐŽĨ
ƌŝŵĞ^ƚŽƉƉĞƌƐĂŶĚEĞŝŐŚďŽƵƌŚŽŽĚtĂƚĐŚǁŝůůĐŽŶƚŝŶƵĞƚŚƌŽƵŐŚ&zϮϬϮϱ͕ƌĞŝŶĨŽƌĐŝŶŐƚŚĞĐŽŵƉĂŶLJΖƐƌŽůĞŝŶ
ƐƵƉƉŽƌƚŝŶŐƉƵďůŝĐƐĂĨĞƚLJĂŶĚĐƌŝŵĞƉƌĞǀĞŶƚŝŽŶĞĨĨŽƌƚƐ͘
&ƌŽŵĂĨŝŶĂŶĐŝĂůƉĞƌƐƉĞĐƚŝǀĞ͕ƚŚĞĐŽŵƉĂŶLJŝƐƚĂŬŝŶŐĂůŽŶŐ-ƚĞƌŵĂƉƉƌŽĂĐŚƚŽŐƌŽǁƚŚŝŶƚŚŝƐƐĞŐŵĞŶƚ͘ĚĚŝƚŝŽŶĂů
ƌĞǀĞŶƵĞŐĞŶĞƌĂƚĞĚƚŚƌŽƵŐŚŝŶƐƵƌĂŶĐĞƐƵďƌŽŐĂƚŝŽŶĂŶĚƌĞĐŽǀĞƌLJƐĞƌǀŝĐĞƐǁŝůůďĞƌĞŝŶǀĞƐƚĞĚƚŽƐƵƉƉŽƌƚĂŶĚĞdžƉĂŶĚ
ƚŚĞƐĞŝŶŝƚŝĂƚŝǀĞƐ͘ŽŶƐĞƋƵĞŶƚůLJ͕ǁŚŝůĞŶĞƚĞĂƌŶŝŶŐƐĨŽƌƚŚĞŝƌĞĐƚƵƐŝŶĞƐƐĂŶĚŽŶƐƵŵĞƌƐĞŐŵĞŶƚŝŶ&zϮϬϮϱĂƌĞ
ĞdžƉĞĐƚĞĚƚŽƌĞŵĂŝŶƐƚĂďůĞ͕ƚŚŝƐƐƚƌĂƚĞŐLJůĂLJƐƚŚĞŐƌŽƵŶĚǁŽƌŬĨŽƌĨƵƚƵƌĞŐƌŽǁƚŚ͘
Directors' Report
for the year ended 30 June 2024
DataDot Technology Limited
Annual Report 2024
Page 6 of 54
ŽŶƐŽůŝĚĂƚĞĚKƵƚůŽŽŬ
&Žƌ&zϮϬϮϱ͕ƚŚĞŽĂƌĚĂŶƟĐŝƉĂƚĞƐĂĐŽŶƐŽůŝĚĂƚĞĚƌĞƐƵůƚƚŚĂƚŝƐĞdžƉĞĐƚĞĚƚŽďĞŝŶůŝŶĞǁŝƚŚ&zϮϬϮϰ͘dŚŝƐŽƵƚůŽŽŬ
ƌĞŇĞĐƚƐƚŚĞŽŶŐŽŝŶŐƉĞƌĨŽƌŵĂŶĐĞŽĨŽƵƌĞƐƚĂďůŝƐŚĞĚKDĂŶĚŝƐƚƌŝďƵƟŽŶƐĞŐŵĞŶƚ͕ǁŚŝůĞĂĐĐŽƵŶƟŶŐĨŽƌƚŚĞ
ƉůĂŶŶĞĚ ŝŶǀĞƐƚŵĞŶƚƐ ŝŶ ŽƵƌ ƐƚƌĂƚĞŐŝĐ ŝŶŝƟĂƟǀĞƐ͕ ƉĂƌƟĐƵůĂƌůLJ ƚŚĞ dŝĞƌ ϭ ŝŶƐƵƌĞƌ ƚƌŝĂů ĨŽƌ WƌŽƉĞƌƚLJsh>d͘ dŚĞƐĞ
ŝŶǀĞƐƚŵĞŶƚƐ͕ǁŚŝůĞŝŵƉĂĐƟŶŐƐŚŽƌƚ-ƚĞƌŵĞĂƌŶŝŶŐƐ͕ĂƌĞĐŽŶƐŝĚĞƌĞĚŝŶƚĞŐƌĂůƚŽŽƵƌůŽŶŐ-ƚĞƌŵƐƚƌĂƚĞŐLJ͘dŚĞŽĂƌĚ
ǀŝĞǁƐƚŚĞƐƵĐĐĞƐƐĨƵůŝŵƉůĞŵĞŶƚĂƟŽŶŽĨƚŚĞdŝĞƌϭŝŶƐƵƌĞƌƚƌŝĂůĂƐ ĂŬĞLJŽďũĞĐƟǀĞĨŽƌ&zϮϬϮϱ͕ǁŝƚŚƚŚĞƉŽƚĞŶƟĂůƚŽ
ŝŶŇƵĞŶĐĞŽƵƌĨƵƚƵƌĞŵĂƌŬĞƚƉŽƐŝƟŽŶ͘ƐǁĞŶĂǀŝŐĂƚĞƚŚŝƐƉŝǀŽƚĂůƉŚĂƐĞ͕ǁĞƌĞŵĂŝŶĨŽĐƵƐĞĚŽŶƉƌƵĚĞŶƚĮŶĂŶĐŝĂů
ŵĂŶĂŐĞŵĞŶƚĂŶĚƚŚĞĐĂƌĞĨƵůĂůůŽĐĂƟŽŶŽĨƌĞƐŽƵƌĐĞƐƚŽƐƵƉƉŽƌƚƐƵƐƚĂŝŶĂďůĞŐƌŽǁƚŚ͘
^ŝŐŶŝĮĐĂŶƚĐŚĂŶŐĞƐŝŶƚŚĞƐƚĂƚĞŽĨĂīĂŝƌƐ
KƚŚĞƌƚŚĂŶĂƐƐĞƚŽƵƚŝŶƚŚĞZĞǀŝĞǁŽĨKƉĞƌĂƟŽŶƐƚŚĞƌĞŚĂǀĞďĞĞŶŶŽƐŝŐŶŝĮĐĂŶƚĐŚĂŶŐĞƐŝŶƚŚĞƐƚĂƚĞŽĨĂīĂŝƌƐŽĨ
ƚŚĞ'ƌŽƵƉ͘
DĂƩĞƌƐƐƵďƐĞƋƵĞŶƚƚŽƚŚĞĞŶĚŽĨƚŚĞĮŶĂŶĐŝĂůLJĞĂƌ
ƐƐĞƚŽƵƚŝŶƚŚĞZĞǀŝĞǁŽĨKƉĞƌĂƟŽŶƐ͕ ƚŚĞĨŽůůŽǁŝŶŐŵĂƩĞƌƐŚĂǀĞĂƌŝƐĞŶƐƵďƐĞƋƵĞŶƚƚŽƚŚĞĞŶĚŽĨƚŚĞĮŶĂŶĐŝĂů
LJĞĂƌ͗
x
ĐŽŵŵĞŶĐĞŵĞŶƚŽĨĂƚƌŝĂůŽŶϭϯƵŐƵƐƚϮϬϮϰǁŝƚŚĂdŝeƌϭŝŶƐƵƌĂŶĐĞĐŽŵƉĂŶLJƚŚĂƚǁŝůůŝŶǀŽůǀĞůŝƐƟŶŐŽĨ
ƐƚŽůĞŶĂƐƐĞƚƐŽŶWƌŽƉĞƌƚLJsh>d ĨŽƌƌĞĐŽǀĞƌLJƐĞƌǀŝĐĞƐ͘
EŽŽƚŚĞƌŵĂƩĞƌŽƌĐŝƌĐƵŵƐƚĂŶĐĞŚĂƐĂƌŝƐĞŶƐŝŶĐĞϯϬ:ƵŶĞϮϬϮϰƚŚĂƚŚĂƐƐŝŐŶŝĮĐĂŶƚůLJĂīĞĐƚĞĚ͕ŽƌŵĂLJƐŝŐŶŝĮĐĂŶƚůLJ
ĂīĞĐƚƚŚĞĐŽŶƐŽůŝĚĂƚĞĚĞŶƟƚLJΖƐŽƉĞƌĂƟŽŶƐ͕ƚŚĞƌĞƐƵůƚƐŽĨƚŚŽƐĞŽƉĞƌĂƟŽŶƐ͕ŽƌƚŚĞĐŽŶƐŽůŝĚĂƚĞĚĞŶƟƚLJΖƐƐƚĂƚĞŽĨ
ĂīĂŝƌƐ͘
ŶǀŝƌŽŶŵĞŶƚĂůƌĞŐƵůĂƟŽŶ
dŚĞ ĐŽŶƐŽůŝĚĂƚĞĚ ĞŶƟƚLJ ŝƐ ŶŽƚ ƐƵďũĞĐƚ ƚŽ ĂŶLJ ƐŝŐŶŝĮĐĂŶƚ ĞŶǀŝƌŽŶŵĞŶƚĂů ƌĞŐƵůĂƟŽŶƐ ƵŶĚĞƌ ƵƐƚƌĂůŝĂŶ
ŽŵŵŽŶǁĞĂůƚŚŽƌ^ƚĂƚĞ>Ăǁ͘
ŝƌĞĐƚŽƌƉƌŽĮůĞƐ
DƌZĂLJŵŽŶĚĂƌƌŽůů
ŚĂŝƌŵĂŶ– ĂƉƉŽŝŶƚĞĚϭϯDĂLJϮϬϭϵ͕ƌĞƟƌĞĚϮϳEŽǀĞŵďĞƌϮϬϮϯ
ZĂLJ ǁĂƐ ƚŚĞ ĚƌŝǀŝŶŐ ĨŽƌĐĞ ďĞŚŝŶĚ ƚŚĞ ĞƐƚĂďůŝƐŚŵĞŶƚ ĂŶĚ ƐƵĐĐĞƐƐ ŽĨ ƵƐƚƌĂůŝĂ͛Ɛ EĂƟŽŶĂů DŽƚŽƌ sĞŚŝĐůĞ dŚĞŌ
ZĞĚƵĐƟŽŶ ŽƵŶĐŝů ;EDsdZͿ ĂŶĚ ƐĞƌǀĞĚ ĂƐ ŝƚƐ džĞĐƵƟǀĞ ŝƌĞĐƚŽƌ ĨŽƌ ŽǀĞƌ ϭϵ LJĞĂƌƐ͘ ,Ğ ŝƐ ĂŶ ŝŶƚĞƌŶĂƟŽŶĂůůLJ
ƌĞĐŽŐŶŝƐĞĚĂƵƚŚŽƌŝƚLJŽŶĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƟŶŐƐƚƌĂƚĞŐŝĐƐŽůƵƟŽŶƐƚŽĐƌŝŵĞŝƐƐƵĞƐĂŶĚŚŽůĚƐĂĂĐŚĞůŽƌ͛Ɛ
ĞŐƌĞĞŝŶƌŝŵŝŶĂů:ƵƐƟĐĞĚŵŝŶŝƐƚƌĂƟŽŶ͘
/ŶŚŝƐĨŽƌŵĞƌƌŽůĞ͕ZĂLJĚĞǀŝƐĞĚƚŚĞǁŽƌůĚ͛ƐĮƌƐƚĐŽŵƉƌĞŚĞŶƐŝǀĞĐƌŝƚĞƌŝĂĂŶĚƉĞƌĨŽƌŵĂŶĐĞƐƉĞĐŝĮĐĂƟŽŶĨŽƌǁŚŽůĞŽĨ
ǀĞŚŝĐůĞ ŵĂƌŬŝŶŐ͘ ,ŝƐ ĞŶĚŽƌƐĞŵĞŶƚ ĂŶĚ ĂĚǀŽĐĂĐLJ ĨŽƌ ĂƚĂŽƚ͛Ɛ ŵŝĐƌŽ-ĚŽƚ ŝĚĞŶƟĮĐĂƟŽŶ ƐLJƐƚĞŵ ŶĂƟŽŶĂůůLJ ĂŶĚ
ŝŶƚĞƌŶĂƟŽŶĂůůLJǁĂƐƚŚĞĐĂƚĂůLJƐƚĨŽƌƚŚĞĂĐĐĞƉƚĂŶĐĞĂŶĚŐƌŽǁƚŚŽĨŵŝĐƌŽ-ĚŽƚŝĚĞŶƟĮĐĂƟŽŶŝŶŵƵůƟƉůĞŵĂƌŬĞƚƐ
ĂĐƌŽƐƐƚŚĞǁŽƌůĚ͘
Directors' Report
for the year ended 30 June 2024
DataDot Technology Limited
Annual Report 2024
Page 7 of 54
ZĂLJ͛ƐĂƉƉŽŝŶƚŵĞŶƚďƌŝŶŐƐƚŽƚŚĞŽŵƉĂŶLJĂŶƵŶƐƵƌƉĂƐƐĞĚůĞǀĞůŽĨĞdžƉĞƌŝĞŶĐĞŝŶĨŽƐƚĞƌŝŶŐĐŽůůĂďŽƌĂƟŽŶĂĐƌŽƐƐ
ŵƵůƟƉůĞŝŶĚƵƐƚƌLJƐĞĐƚŽƌƐ͕ŐŽǀĞƌŶŵĞŶƚĂŐĞŶĐŝĞƐĂŶĚƚŚĞĐŽŵŵƵŶŝƚLJƐĞĐƚŽƌƚŽĂĐŚŝĞǀĞĚĞƐŝƌĞĚŽƵƚĐŽŵĞƐ͘ZĂLJ
ƐĞĐƵƌĞĚĂŶĚŵĂŶĂŐĞĚŽǀĞƌΨϰϬŵŝůůŝŽŶĚŽůůĂƌƐŝŶĚŝƌĞĐƚĨƵŶĚŝŶŐƚŽƚŚĞEDsdZĂŶĚŐĞŶĞƌĂƚĞĚŽǀĞƌΨϲϬϬŵŝůůŝŽŶ
ĞdžƉĞŶĚŝƚƵƌĞďLJŐŽǀĞƌŶŵĞŶƚĂŐĞŶĐŝĞƐĂŶĚŵŽƚŽƌƌĞůĂƚĞĚŝŶĚƵƐƚƌŝĞƐƚŽŝŵƉůĞŵĞŶƚEDsdZĨĂĐŝůŝƚĂƚĞĚƌĞĨŽƌŵƐ͘
ƵƌŝŶŐŚŝƐƚĞŶƵƌĞ͕ǀĞŚŝĐůĞĐƌŝŵĞŝŶƵƐƚƌĂůŝĂƌĞĚƵĐĞĚďLJŽǀĞƌϳϬйĚĞůŝǀĞƌŝŶŐŽŶ-goinŐŝŶƐƵƌĂŶĐĞĂŶĚĐŽŵŵƵŶŝƚLJ
ƐĂǀŝŶŐƐŽĨŵŽƌĞƚŚĂŶΨϰϬϬŵŝůůŝŽŶƉĞƌLJĞĂƌŝŶǀĞŚŝĐůĞĐƌŝŵĞƌĞůĂƚĞĚĐŽƐƚƐ͘
DƌƌĂĚůĞLJŚĂƌůĞƐ<ĞůůĂƐ
KͬDĂŶĂŐŝŶŐŝƌĞĐƚŽƌ– appointed 13 May 2019
Appointed May 2019
ƌĂĚůĞLJ<ĞůůĂƐŝƐĂŶĂĐĐŽŵƉůŝƐŚĞĚďƵƐŝŶĞƐƐůĞĂĚĞƌǁŝƚŚĂĚŝǀĞƌƐĞďĂĐŬŐƌŽƵŶĚŝŶůĂǁĞŶĨŽƌĐĞŵĞŶƚ͕ĨŝŶĂŶĐĞ͕ĂŶĚ
ƚĞĐŚŶŽůŽŐLJ͘ Ɛ ƚŚĞ K ŽĨ ĂƚĂŽƚ dĞĐŚŶŽůŽŐLJ ƐŝŶĐĞ ϮϬϭϵ͕ ŚĞ ůĞǀĞƌĂŐĞƐ ŚŝƐ ƵŶŝƋƵĞ ďůĞŶĚ ŽĨ ƐŬŝůůƐ ƚŽ ĚƌŝǀĞ
ŝŶŶŽǀĂƚŝŽŶŝŶƉƌŽƉĞƌƚLJŝĚĞŶƚŝĨŝĐĂƚŝŽŶĂŶĚ ĐƌŝŵĞƉƌĞǀĞŶƚŝŽŶƐŽůƵƚŝŽŶƐ͘
ƌĂĚůĞLJΖƐĐĂƌĞĞƌďĞŐĂŶǁŝƚŚĂϮϭ-LJĞĂƌƚĞŶƵƌĞŝŶƚŚĞsŝĐƚŽƌŝĂWŽůŝĐĞ͕ǁŚĞƌĞŚĞƐĞƌǀĞĚĂƐĂĚĞĐŽƌĂƚĞĚĞƚĞĐƚŝǀĞ͘,ŝƐ
ĞdžƉĞƌƚŝƐĞ ƐƉĂŶŶĞĚ Ă ǁŝĚĞ ƌĂŶŐĞ ŽĨ ĐŽŵƉůĞdž ĐƌŝŵŝŶĂů ĂĐƚŝǀŝƚŝĞƐ͕ ŝŶĐůƵĚŝŶŐ ŽƌŐĂŶŝƐĞĚ ĐƌŝŵĞ͕ ĐŽƌƉŽƌĂƚĞ ĨƌĂƵĚ͕
ŬŝĚŶĂƉƉŝŶŐ͕ďůĂĐŬŵĂŝů͕ĞdžƚŽƌƚŝŽŶ͕ƉƌŽĚƵĐƚĐŽŶƚĂŵŝŶĂƚŝŽŶ͕ĂŶĚůĂƌŐĞ-ƐĐĂůĞƐƚŽůĞŶƉƌŽƉĞƌƚLJŝŶǀĞƐƚŝŐĂƚŝŽŶƐ͘
&ŽůůŽǁŝŶŐŚŝƐƉŽůŝĐĞĐĂƌĞĞƌ͕ƌĂĚůĞLJƚƌĂŶƐŝƚŝŽŶĞĚŝŶƚŽĨŝŶĂŶĐĞ͕ĂƉƉůLJŝŶŐŚŝƐĂŶĂůLJƚŝĐĂůƐŬŝůůƐƚŽĚĞǀĞůŽƉĂƵŶŝƋƵĞ
ƚƌĂĚŝŶŐƐƚƌĂƚĞŐLJ͘,ĞǁŽƌŬĞĚĂƐĂƐƵĐĐĞƐƐĨƵůƉƌŽƉƌŝĞƚĂƌLJƚƌĂĚĞƌĨŽƌĂŵĂũŽƌŝŶǀĞƐƚŵĞŶƚĨŝƌŵĨŽƌϱLJĞĂƌƐ͕ĐĂƉŝƚĂůŝƐŝŶŐ
ŽŶŐůŽďĂůŵĂƌŬĞƚĨůƵĐƚƵĂƚŝŽŶƐ͘
/Ŷ ϮϬϭϱ͕ ƌĂĚůĞLJΖƐ ĞŶƚƌĞƉƌĞŶĞƵƌŝĂů ƐƉŝƌŝƚ ůĞĚ Śŝŵ ƚŽ ĨŽƵŶĚ WƌŽƉĞƌƚLJsh>d͕ ƐƚĂƌƚŝŶŐ ǁŝƚŚ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚ ŽĨ
ŝŬĞsh>d͘dŚŝƐŝŶŶŽǀĂƚŝǀĞƉůĂƚĨŽƌŵĐŽŵďŝŶĞƐƐŽĐŝĂůŵĞĚŝĂ͕ĐƵƐƚŽŵƚĞĐŚŶŽůŽŐLJ͕ĂŶĚƐƉĞĐŝĂůŝƐƚƐĞƌǀŝĐĞƐƚŽĐŽŵďĂƚ
ƚŚĞĨƚ͘WƌŽƉĞƌƚLJsh>dŚĂƐƐŝŶĐĞďĞĐŽŵĞ ƵƐƚƌĂůŝĂΖƐƉƌĞŵŝĞƌƐŽůƵƚŝŽŶĨŽƌĐŽƵŶƚĞƌŝŶŐƚŚĞĨƚ͘
ZĞĐŽŐŶŝnjŝŶŐƚŚĞƐLJŶĞƌŐLJďĞƚǁĞĞŶƉŚLJƐŝĐĂůĂŶĚĚŝŐŝƚĂůŝĚĞŶƚŝĨŝĐĂƚŝŽŶŝŶĐƌŝŵĞƉƌĞǀĞŶƚŝŽŶ͕ƌĂĚůĞLJƚŽŽŬŽŶĂŶĞǁ
ĐŚĂůůĞŶŐĞ ŝŶ ĐŽƌƉŽƌĂƚĞ ůĞĂĚĞƌƐŚŝƉ͘ /Ŷ DĂLJ ϮϬϭϵ͕ ĂƐ ƚŚĞ ŵĂũŽƌ ƐŚĂƌĞŚŽůĚĞƌ ŽĨ ĂƚĂŽƚ dĞĐŚŶŽůŽŐLJ͕ ŚĞ ůĞĚ Ă
ƐƵĐĐĞƐƐĨƵůŝŶŝƚŝĂƚŝǀĞƚŽĐŚĂŶŐĞƚŚĞĐŽŵƉĂŶLJΖƐŵĂŶĂŐĞŵĞŶƚĂŶĚƐƚƌĂƚĞŐŝĐĚŝƌĞĐƚŝŽŶ͘
ƌĂĚůĞLJΖƐŵƵůƚŝĨĂĐĞƚĞĚĞdžƉĞƌŝĞŶĐĞŝŶůĂǁĞŶĨŽƌĐĞŵĞŶƚ͕ĨŝŶĂŶĐĞ͕ĂŶĚƚĞĐŚŶŽůŽŐLJƵŶŝƋƵĞůLJƉŽƐŝƚŝŽŶƐŚŝŵƚŽůĞĂĚ
ĂƚĂŽƚ dĞĐŚŶŽůŽŐLJ ŝŶ ĚĞǀĞůŽƉŝŶŐ ĐŽŵŵĞƌĐŝĂů ƐŽůƵƚŝŽŶƐ ĨŽƌ ƉƌŽƉĞƌƚLJ ŝĚĞŶƚŝĨŝĐĂƚŝŽŶ ĂŶĚ ƐĞĐƵƌŝƚLJ͘ ,ŝƐ ǀŝƐŝŽŶ
ĐŽŶƚŝŶƵĞƐƚŽĚƌŝǀĞƚŚĞĐŽŵƉĂŶLJΖƐŐƌŽǁƚŚĂŶĚŝŶŶŽǀĂƚŝŽŶŝŶƚŚĞĨŝŐŚƚĂŐĂŝŶƐƚƉƌŽƉĞƌƚLJĐƌŝŵĞ͘
DƌĂǀŝĚ>ůŽLJĚ ͘^Đ͘;EhͿ͕'ƌĂĚŝƉƵƐŝŶĞƐƐ;hYͿ͕DǁŝƚŚŝƐƟŶĐƟŽŶ;/E^Ϳ
EŽŶ-džĞĐƵƟǀĞŝƌĞĐƚŽƌ– appointed 13 May 2019
ĂǀŝĚ ŝƐ ĂŶ ĞdžƉĞƌŝĞŶĐĞĚ ƐĞŶŝŽƌ ĞdžĞĐƵƟǀĞ ƐƉĞĐŝĂůŝƐŝŶŐ ŝŶ ƐƚƌĂƚĞŐLJ͕ ŶĞǁ ƚĞĐŚŶŽůŽŐŝĞƐ͕ ďƵƐŝŶĞƐƐ ĚĞǀĞůŽƉŵĞŶƚ͕
ǀĞŶƚƵƌĞƐĂŶĚƉĂƌƚŶĞƌƐŚŝƉƐ͕ǁŚŝĐŚƐŬŝůůƐŚĂǀĞďĞĞŶĂƉƉůŝĞĚŝŶƚƵƌŶŝŶŐĂƌŽƵŶĚƚŚĞĂƚĂŽƚďƵƐŝŶĞƐƐďLJůĞǀĞƌĂŐŝŶŐ
ĂŶĂůůŝĂŶĐĞǁŝƚŚWƌŽƉĞƌƚLJsh>d͘
ƐĂĨŽƌŵĞƌƐĞŶŝŽƌĞdžĞĐƵƟǀĞĂƚYĂŶƚĂƐŝƌǁĂLJƐĂŶĚƉƌĞǀŝŽƵƐůLJsŝƌŐŝŶůƵĞĂŶĚsŝƌŐŝŶƵƐƚƌĂůŝĂ͕ĂǀŝĚŚĂƐďĞĞŶƚŚĞ
ĂƌĐŚŝƚĞĐƚŽĨƐĞǀĞƌĂůŚŝŐŚ-ƉƌŽĮůĞĂůůŝĂŶĐĞƐǁŝƚŚŽƚŚĞƌĂŝƌůŝŶĞƐĂƐĂǁĞůůĂƐĂũŽŝŶƚǀĞŶƚƵƌĞǁŝƚŚƚŚĞ'ŽǀĞƌŶŵĞŶƚŽĨ
^ĂŵŽĂ͕ĚĞŵŽŶƐƚƌĂƟŶŐŚŝƐĂďŝůŝƚLJƚŽďƵŝůĚǀĂůƵĂďůĞĐŽŵŵĞƌĐŝĂůƌĞůĂƟŽŶƐŚŝƉƐ͘tŚŝůĞĂƚsŝƌŐŝŶůƵĞŚĞĂůƐŽĚĞƐŝŐŶĞĚ
ƚŚĞsĞůŽĐŝƚLJ&ƌĞƋƵĞŶƚ&ůLJĞƌƉƌŽŐƌĂŵ͕ǀĂůƵĞĚĂƚŽǀĞƌΨϭďŝůůŝŽŶŝŶŝƚƐƉĂƌƟĂůƐĂůĞƚŽĂƉƌŝǀĂƚĞĞƋƵŝƚLJƉĂƌƚŶĞƌĂŶĚ
Directors' Report
for the year ended 30 June 2024
DataDot Technology Limited
Annual Report 2024
Page 8 of 54
ǁŚŝĐŚ ĐŽŶƟŶƵĞƐ ƚŽ ďĞ ƚŚĞ ŵŽƐƚ ƉƌŽĮƚĂďůĞ ƵŶŝƚ ŽĨ sŝƌŐŝŶ ƵƐƚƌĂůŝĂ͘ ^ƵďƐĞƋƵĞŶƚůLJ Ăƚ sŝƌŐŝŶ ŚĞ ĚĞǀĞůŽƉĞĚ ƚŚĞ
ďƵƐŝŶĞƐƐĐĂƐĞƐĨŽƌŇĞĞƚŽƌĚĞƌƐǁŽƌƚŚŽǀĞƌh^ϮďŝůůŝŽŶĂŶĚƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂŶĞǁŝŶƚĞƌŶĂƟŽŶĂůďƵƐŝŶĞƐƐ͘
DŽƌĞƌĞĐĞŶƚůLJǁŚŝůĞĂƚYĂŶƚĂƐ͕ĂǀŝĚŚĂƐŵĞŶƚŽƌĞĚďƵƐŝŶĞƐƐĞƐŝŶŝƚƐƚĞĐŚĂĐĐĞůĞƌĂƚŽƌĂŶĚ^ƵƐƚĂŝŶĂďůĞǀŝĂƟŽŶ
&ƵĞůƉƌŽŐƌĂŵƐ͕ŽǀĞƌƐĞĞŶĐŽŵŵĞƌĐŝĂůƌĞůĂƟŽŶƐŚŝƉƐǁŝƚŚƐƚĂƌƚ-ƵƉĂŶĚƐĐĂůĞ-ƵƉďƵƐŝŶĞƐƐĞƐŝŶĐůƵĚŝŶŐƚŚŽƐĞŝŶǁŚŝĐŚ
YĂŶƚĂƐŚĂƐƚĂŬĞŶĞƋƵŝƚLJƐƚĂŬĞƐĂŶĚ ǁĂƌƌĂŶƚƐ͕ĂŶĚŝƐǁŽƌŬŝŶŐŽŶĞdžƚĞƌŶĂůůLJĐŽŵŵĞƌĐŝĂůŝƐŝŶŐƚŚĞŽŵƉĂŶLJ͛ƐŽǁŶ
ŝŶŶŽǀĂƟŽŶƐ͘WƌĞǀŝŽƵƐůLJĂǀŝĚŚĂƐǁŽƌŬĞĚŝŶƚĞƌŶĂƟŽŶĂůůLJĂƐĂĐŽŶƐƵůƚĂŶƚǁŝƚŚƚŚĞŽƐƚŽŶŽŶƐƵůƟŶŐ'ƌŽƵƉĂŶĚ
ƌƚŚƵƌŶĚĞƌƐĞŶƵƐŝŶĞƐƐŽŶƐƵůƟŶŐĂŶĚǁĂƐĂƉƌŽũĞĐƚŵĂŶĂŐĞƌĨŽƌƚŚĞ^LJĚŶĞLJKƌŐĂŶŝƐŝŶŐŽŵŵŝƩĞĞĨŽƌƚŚĞ
KůLJŵƉŝĐ'ĂŵĞƐ͘ĂǀŝĚŝƐŚĂŝƌŽĨƚŚĞƵĚŝƚĂŶĚZŝƐŬŽŵŵŝƩĞĞ͘
DƌWĂƚƌŝĐŬZĂƉĞƌ &W͕&/
EŽŶ-džĞĐƵƟǀĞŝƌĞĐƚŽƌ– ĂƉƉŽŝŶƚĞĚϮϵ^ĞƉƚĞŵďĞƌϮϬϮϯ
ŽŵƉĂŶLJ^ĞĐƌĞƚĂƌLJ– ĂƉƉŽŝŶƚĞĚϮϳEŽǀĞŵďĞƌϮϬϮϯ
WĂƚƌŝĐŬďƌŝŶŐƐƚŽƚŚĞŽĂƌĚŽĨdŽǀĞƌϯϬLJĞĂƌƐ͛ĞdžƉĞƌŝĞŶĐĞĂƐĂŶĂĐĐŽŵƉůŝƐŚĞĚ&K͕ŝƌĞĐƚŽƌĂŶĚŽŵƉĂŶLJ
^ĞĐƌĞƚĂƌLJ ĨŽƌ ^y ůŝƐƚĞĚ ĐŽŵƉĂŶŝĞƐ͕ ŝŶƚĞƌŶĂƟŽŶĂů ĐŽŵƉĂŶŝĞƐ͕ ƐƵďƐŝĚŝĂƌŝĞƐ ŽĨ ŝŶƚĞƌŶĂƟŽŶĂů ĐŽŵƉĂŶŝĞƐ͕ ƉƌŝǀĂƚĞ
ĐŽŵƉĂŶŝĞƐ͕WƌŝǀĂƚĞƋƵŝƚLJŽǁŶĞĚĐŽŵƉĂŶŝĞƐ͕E&W͛ƐĂŶĚ^ƚĂƚĞ-KǁŶĞĚ ŽƌƉŽƌĂƟŽŶƐ͘
,ĞĞƐƚĂďůŝƐŚĞĚĂŶĚƉƌŽǀŝĚĞĚ&K͕'ŽǀĞƌŶĂŶĐĞĂŶĚŽŵƉĂŶLJ^ĞĐƌĞƚĂƌLJĞdžƉĞƌƟƐĞĨŽƌĐŽƐĂǀĞ,ŽůĚŝŶŐƐ>ŝŵŝƚĞĚ
;^y͗sͿĂŶĚDŽƌƉŽƌĂƟŽŶ>ŝŵŝƚĞĚ;^y͗DsͿĂŶĚŚĂƐŚĞůĚĂŶƵŵďĞƌŽĨƌŽůĞƐǁŝƚŚŝŶƚŚĞ/ŶǀĞƐƚŵĞŶƚ
ƉŽƌƞŽůŝŽĐŽŵƉĂŶŝĞƐŽĨ,ĂǁŬĞƐďƌŝĚŐĞWƌŝǀĂƚĞƋƵŝƚLJŝŶĐůƵĚŝŶŐǀĂƌŝŽƵƐůLJŽŵƉĂŶLJ^ĞĐƌĞƚĂƌLJ͕&K͕:ŽŝŶƚDĂŶĂŐŝŶŐ
ŝƌĞĐƚŽƌĂŶĚŚĂŝƌŵĂŶŽĨdƌŝƉƉĂƐtŚŝƚĞĂƚĞƌŝŶŐĂƐǁĞůůĂƐŝƌĞĐƚŽƌŽĨŽƌƉŽƌĂƚĞ^ĞƌǀŝĐĞƐǁŝƚŚ/ŶƚĞŐƌĂƚĞĚWƌĞŵŝƐĞƐ
^ĞƌǀŝĐĞƐWƚLJ>ŝŵŝƚĞĚ͘
WĂƚƌŝĐŬĨŽƌŵĞƌůLJǁĂƐĂůƐŽ&KĂŶĚŽŵƉĂŶLJ^ĞĐƌĞƚĂƌLJĨŽƌĂŶƵŵďĞƌŽĨdŽƵƌĂƵƐƚ ŽƌƉŽƌĂƟŽŶŵĂŶĂŐĞĚĞŶƟƟĞƐ
ŝŶĐůƵĚŝŶŐZĞĞĨĂƐŝŶŽdƌƵƐƚ;^y͗ZdͿ͕ƵƐƚƌĂůŝĂŶdŽƵƌŝƐŵ'ƌŽƵƉ;^y͗dhͿ͕dŚĞŚŝŇĞLJ,ŽƚĞůƐ'ƌŽƵƉĂŶĚƚŚĞ
/ŶƚĞƌŶĂƟŽŶĂůŽůůĞŐĞŽĨDĂŶĂŐĞŵĞŶƚ;ĨŽƌŵĞƌůLJ/d,DͿĂƚDĂŶůLJŝŶE^t͘WĂƚƌŝĐŬŚĂƐĂůƐŽŚĞůĚƐŚŽƌƚƚĞƌŵĐŽŶƚƌĂĐƚ
ŽŵƉĂŶLJ^ĞĐƌĞƚĂƌLJƌŽůĞƐĨŽƌdŽLJƐΗZΗhƐE>ŝŵŝƚĞĚ;^y͗dKzͿĂŶĚƚŚĞWŽƌƚƵƚŚŽƌŝƚLJŽĨEĞǁ^ŽƵƚŚtĂůĞƐ͘/ŶƚŚĞ
ƉĞƌŝŽĚďĞƚǁĞĞŶϮϬϭϰĂŶĚƌĞƟƌĞŵĞŶƚŝŶĞĐĞŵďĞƌϮϬϮϭWĂƚƌŝĐŬǁĂƐǀĂƌŝŽƵƐůLJ&KĂŶĚŽŵƉĂŶLJ^ĞĐƌĞƚĂƌLJŽĨ
ĂƚĂŽƚdĞĐŚŶŽůŽŐLJ>ŝŵŝƚĞĚ;^y͗dͿĂŶĚŝƚƐƐƵďƐŝĚŝĂƌŝĞƐ͘
WĂƚƌŝĐŬ ŶŽǁ ŚŽůĚƐ ŽĂƌĚ ůĞǀĞů ƌŽůĞƐ ǁŝƚŚ ^ƚĂƌ ŽŵďŽ WŚĂƌŵĂ >ŝŵŝƚĞĚ ;^y͗ ^ϲϲͿ͕ DŽƐŵĂŶ ƌŝĐŬĞƚ ůƵď ĂŶĚ
EŽƌƚŚĐĂƌĞDĂŶĂŐĞŵĞŶƚ>ŝŵŝƚĞĚ;ĂƞdŚĞEŽƌƚŚĐĂƌĞ&ŽƵŶĚĂƟŽŶͿĂŶĚŝƐĂ:ƵƐƟĐĞŽĨƚŚĞWĞĂĐĞĨŽƌE^t͘
Dƌ'ŽƌĚŽŶKŐďŽƌŶĞ Đ͕>>͕E͕
&K– appointed 1 June 2022, resigned 16 January 2024
ŽŵƉĂŶLJ^ĞĐƌĞƚĂƌLJ– ĂƉƉŽŝŶƚĞĚϭϵ:ƵůLJϮϬϮϮ͕ƌĞƐŝŐŶĞĚϮϳEŽǀĞŵďĞƌϮϬϮϯ
KK– appointed 20 July 2022, resigned 16 January 2024
'ŽƌĚŽŶŚĂƐŽǀĞƌϮϱLJĞĂƌƐŽĨĞdžƉĞƌŝĞŶĐĞŝŶĂĐĐŽƵŶƟŶŐ͕ďƵƐŝŶĞƐƐŵĂŶĂŐĞŵĞŶƚĂŶĚŐŽǀĞƌŶĂŶĐĞƌŽůĞƐ͘,ĞũŽŝŶĞĚ
ĂƚĂŽƚŝŶ:ƵŶĞϮϬϮϮĂƐ'ƌŽƵƉ&KĂŶĚǁĂƐĂƉƉŽŝŶƚĞĚĂƐKKĂŶĚŽŵƉĂŶLJ^ĞĐƌĞƚĂƌLJŝŶ:ƵůLJϮϬϮϮ͘WƌŝŽƌƚŽ
ũŽŝŶŝŶŐĂƚĂŽƚ͕ŚĞǁĂƐ&KͬKKĨŽƌŝŽĂĐƟŽŶWƚLJ>ŝŵŝƚĞĚ͕&KĨŽƌ^&&ŽŽĚƐƵƐƚƌĂůŝĂWƚLJ>ŝŵŝƚĞĚ͕džĞĐƵƟǀĞ
DĂŶĂŐĞƌĨŽƌ&ŝŶĂŶĐĞ͕ĚŵŝŶŝƐƚƌĂƟŽŶĂŶĚ/dĂŶĚŽŵƉĂŶLJ^ĞĐƌĞƚĂƌLJŽĨƚŚĞ&ůŽǁ^LJƐƚĞŵƐ'ƌŽƵƉ;ŶŽǁůƚŽŐĞƚŚĞƌ
'ƌŽƵƉͿĂŶĚ&KĨŽƌEZĞŐŝŽŶĨŽƌ^ƚƌĂƚƵƐŽŵƉƵƚĞƌƐ͘ ƵƌŝŶŐϮϬϬϰ-ϮϬϭϮ͕'ŽƌĚŽŶǁĂƐƉĂƌƚŶĞƌŝŶĂŶĂĐĐŽƵŶƟŶŐ
ƉƌĂĐƟĐĞdŚŽŵĂƐ'>ƐƉĞĐŝĂůŝƐŝŶŐŝŶĐŽŵƉůŝĂŶĐĞĂŶĚďƵƐŝŶĞƐƐƐĞƌǀŝĐĞƐĂŶĚĂƵĚŝƚ͘
Directors' interests
Directors' Report
for the year ended 30 June 2024
DataDot Technology Limited
Annual Report 2024
Page 9 of 54
dŚĞƌĞůĞǀĂŶƚŝŶƚĞƌĞƐƚŽĨĞĂĐŚĚŝƌĞĐƚŽƌŝŶƚŚĞƐŚĂƌĞƐ͕ƐŚĂƌĞƌŝŐŚƚƐĂŶĚŽƉƟŽŶƐŽǀĞƌƐŚĂƌĞƐŝƐƐƵĞĚďLJĂƚĂŽƚ͕ĂƐ
ŶŽƟĮĞĚďLJƚŚĞĚŝƌĞĐƚŽƌƐƚŽƚŚĞƵƐƚƌĂůŝĂŶ^ƚŽĐŬdžĐŚĂŶŐĞŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞŽƌƉŽƌĂƟŽŶƐĐƚϮϬϬϭ͕ĂƚƚŚĞ
ĚĂƚĞŽĨƚŚŝƐƌĞƉŽƌƚŝƐĂƐĨŽůůŽǁƐ͗
Director
Interest in
Interest in
Interest in
Interest in
KƌĚŝŶĂƌLJ^ŚĂƌĞƐ
^ŚĂƌĞZŝŐŚƚƐ
Options
ŽŶǀĞƌƚŝďůĞ
Notes
ZĂLJĂƌƌŽůů
-
-
-
-
ƌĂĚůĞLJ<ĞůůĂƐ
Ϯϱϴ͕ϴϳϬ͕ϱϰϭ
-
-
-
ĂǀŝĚ>ůŽLJĚ
ϭϰ͕ϵϭϮ͕ϭϭϲ
-
-
-
WĂƚƌŝĐŬZĂƉĞƌ
ϯ͕Ϭϲϲ͕ϲϲϳ
-
-
-
^ŚĂƌĞZŝŐŚƚƐ
hŶŝƐƐƵĞĚŽƌĚŝŶĂƌLJƐŚĂƌĞƐŽĨĂƚĂŽƚ dĞĐŚŶŽůŽŐLJ>ŝŵŝƚĞĚƵŶĚĞƌƚŚĞƐŚĂƌĞƌŝŐŚƚƐƉůĂŶĂƚƚŚĞĚĂƚĞŽĨƚŚŝƐƌĞƉŽƌƚĂƌĞ
ĂƐĨŽůůŽǁƐ͗
'ƌĂŶƚĚĂƚĞ
ĂƚĞŽĨĞdžƉŝƌLJ
EƵŵďĞƌƵŶǀĞƐƚĞĚ
Eŝů
Eŝů
Eŝů
^ŚĂƌĞKƉƟŽŶƐ
hŶŝƐƐƵĞĚŽƌĚŝŶĂƌLJƐŚĂƌĞƐŽĨĂƚĂŽƚ dĞĐŚŶŽůŽŐLJ>ŝŵŝƚĞĚƵŶĚĞƌƚŚĞƐŚĂƌĞŽƉƟŽŶƐƉůĂŶĂƚƚŚĞĚĂƚĞŽĨƚŚŝƐƌĞƉŽƌƚ
ĂƌĞĂƐĨŽůůŽǁƐ͗
/ƐƐƵĞĂƚĞ
ĂƚĞŽĨdžƉŝƌLJ
EƵŵďĞƌŽĨ^ŚĂƌĞKƉƚŝŽŶƐ
Eŝů
Eŝů
Eŝů
&ŽƌĚĞƚĂŝůƐŽĨƐŚĂƌĞŽƉƟŽŶƐĂŶĚƐŚĂƌĞƌŝŐŚƚƐŝƐƐƵĞĚƚŽĚŝƌĞĐƚŽƌƐĂŶĚĞdžĞĐƵƟǀĞƐĂƐƌĞŵƵŶĞƌĂƟŽŶ͕ƌĞĨĞƌƚŽƚŚĞ
ƌĞŵƵŶĞƌĂƟŽŶƌĞƉŽƌƚ͘
DĞĞƟŶŐƐŽĨŝƌĞĐƚŽƌƐ
dŚĞŶƵŵďĞƌŽĨŵĞĞƟŶŐƐŽĨƚŚĞŽŵƉĂŶLJΖƐŽĂƌĚŽĨŝƌĞĐƚŽƌƐ;ΖƚŚĞŽĂƌĚΖͿĂŶĚŽĨĞĂĐŚŽĂƌĚĐŽŵŵŝƩĞĞŚĞůĚ
ĚƵƌŝŶŐƚŚĞLJĞĂƌĞŶĚĞĚϯϬ:ƵŶĞϮϬϮϰĂŶĚƚŚĞŶƵŵďĞƌŽĨŵĞĞƟŶŐƐĂƩĞŶĚĞĚďLJĞĂĐŚŽĨƚŚĞĚŝƌĞĐƚŽƌƐǁĞƌĞ͗
ŽĂƌĚDĞĞƚŝŶŐƐ
ZĞŵƵŶĞƌĂƚŝŽŶĂŶĚ
EŽŵŝŶĂƚŝŽŶŽŵŵŝƚƚĞĞ
DĞĞƚŝŶŐƐ
ƵĚŝƚĂŶĚZŝƐŬ
DĂŶĂŐĞŵĞŶƚŽŵŵŝƚƚĞĞ
DĞĞƚŝŶŐƐ
Director
EŽ͘ĞůŝŐŝďůĞ
ƚŽĂƚƚĞŶĚ
No.
ĂƚƚĞŶĚĞĚ
EŽ͘ĞůŝŐŝďůĞ
ƚŽĂƚƚĞŶĚ
No.
ĂƚƚĞŶĚĞĚ
EŽ͘ĞůŝŐŝďůĞ
ƚŽĂƚƚĞŶĚ
No.
ĂƚƚĞŶĚĞĚ
ZĂLJŵŽŶĚĂƌƌŽůů
ϯ
ϯ
ϭ
ϭ
ϭ
ϭ
ƌĂĚ<ĞůůĂƐ
ϭϬ
ϭϬ
ϭ
ϭ
ϯ
ϯ
ĂǀŝĚ>ůŽLJĚ
ϭϬ
ϴ
ϭ
ϭ
ϯ
ϯ
WĂƚƌŝĐŬZĂƉĞƌ
ϴ
ϴ
-
-
Ϯ
Ϯ
Directors' Report
for the year ended 30 June 2024
DataDot Technology Limited
Annual Report 2024
Page 10 of 54
/ŶĚĞŵŶŝƚLJĂŶĚŝŶƐƵƌĂŶĐĞŽĨŽĸĐĞƌƐĂŶĚĂƵĚŝƚŽƌƐ
EŽŝŶĚĞŵŶŝƟĞƐŚĂǀĞďĞĞŶŐŝǀĞŶƚŽĂŶLJƉĞƌƐŽŶǁŚŽŝƐŽƌŚĂƐďĞĞŶĂŶŽĸĐĞƌŽƌĂƵĚŝƚŽƌŽĨƚŚĞĐŽŶƐŽůŝĚĂƚĞĚĞŶƟƚLJ͘
ƵƌŝŶŐƚŚĞLJĞĂƌĂƚĂŽƚƉĂŝĚŝŶƐƵƌĂŶĐĞƉƌĞŵŝƵŵƐŝŶƌĞƐƉĞĐƚŽĨĚŝƌĞĐƚŽƌƐ͛ĂŶĚŽĸĐĞƌƐ͛ůŝĂďŝůŝƚLJŝŶƐƵƌĂŶĐĞĐŽŶƚƌĂĐƚƐ͘
dŚĞĚŝƌĞĐƚŽƌƐŚĂǀĞŶŽƚŝŶĐůƵĚĞĚĚĞƚĂŝůƐŽĨƚŚĞŶĂƚƵƌĞŽĨƚŚĞůŝĂďŝůŝƟĞƐĐŽǀĞƌĞĚŽƌƚŚĞĂŵŽƵŶƚŽĨƚŚĞƉƌĞŵŝƵŵƉĂŝĚ
ŝŶƌĞƐƉĞĐƚŽĨƚŚĞĚŝƌĞĐƚŽƌƐ͛ĂŶĚŽĸĐĞƌƐ͛ůŝĂďŝůŝƚLJŝŶƐƵƌĂŶĐĞĐŽŶƚƌĂĐƚƐ͕ĂƐƐƵĐŚĚŝƐĐůŽƐƵƌĞŝƐƉƌŽŚŝďŝƚĞĚƵŶĚĞƌƚŚĞ
ƚĞƌŵƐŽĨƚŚĞĐŽŶƚƌĂĐƚ͘
WƌŽĐĞĞĚŝŶŐƐŽŶďĞŚĂůĨŽĨƚŚĞŽŵƉĂŶLJ
EŽƉĞƌƐŽŶŚĂƐĂƉƉůŝĞĚƚŽƚŚĞĐŽƵƌƚƵŶĚĞƌƐĞĐƟŽŶϮϯϳŽĨƚŚĞŽƌƉŽƌĂƟŽŶƐĐƚϮϬϬϭ͕ĨŽƌůĞĂǀĞƚŽďƌŝŶŐƉƌŽĐĞĞĚŝŶŐƐ
ŽŶďĞŚĂůĨŽĨƚŚĞŽŵƉĂŶLJ͕ŽƌƚŽŝŶƚĞƌǀĞŶĞŝŶĂŶLJƉƌŽĐĞĞĚŝŶŐƐƚŽǁŚŝĐŚƚŚĞŽŵƉĂŶLJŝƐĂƉĂƌƚLJ͕ĨŽƌƚŚĞƉƵƌƉŽƐĞŽĨ
ƚĂŬŝŶŐƌĞƐƉŽŶƐŝďŝůŝƚLJŽŶďĞŚĂůĨŽĨƚŚĞŽŵƉĂŶLJ͕ĨŽƌĂůůŽƌƉĂƌƚŽĨƚŚŽƐĞƉƌŽĐĞĞĚŝŶŐƐ͘
Non-ĂƵĚŝƚƐĞƌǀŝĐĞƐ
dŚĞƌĞŚĂǀĞďĞĞŶŶŽĂŵŽƵŶƚƐƉĂŝĚŽƌƉĂLJĂďůĞƚŽƚŚĞĂƵĚŝƚŽƌĨŽƌŶŽŶ-ĂƐƐƵƌĂŶĐĞƐĞƌǀŝĐĞƐƉƌŽǀŝĚĞĚďLJƚŚĞĂƵĚŝƚŽƌ
ĚƵƌŝŶŐƚŚĞĮŶĂŶĐŝĂůLJĞĂƌ͘ƵĚŝƚŽƌ͛ƐƌĞŵƵŶĞƌĂƟŽŶŝƐŽƵƚůŝŶĞĚŝŶŶŽƚĞϲƚŽƚŚĞĮŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͘
ƵĚŝƚŽƌΖƐŝŶĚĞƉĞŶĚĞŶĐĞĚĞĐůĂƌĂƟŽŶ
ĐŽƉLJŽĨƚŚĞĂƵĚŝƚŽƌΖƐŝŶĚĞƉĞŶĚĞŶĐĞĚĞĐůĂƌĂƟŽŶĂƐƌĞƋƵŝƌĞĚƵŶĚĞƌƐĞĐƟŽŶϯϬϳŽĨƚŚĞŽƌƉŽƌĂƟŽŶƐĐƚϮϬϬϭĨŽƌ
ƚŚĞLJĞĂƌĞŶĚĞĚϯϬ:ƵŶĞϮϬϮϰ ŝƐƐĞƚŽƵƚŽŶƉĂŐĞϮϭ ŽĨƚŚĞĮŶĂŶĐŝĂůƌĞƉŽƌƚ͘
Directors' Report
for the year ended 30 June 2024
DataDot Technology Limited
Annual Report 2024
Page 11 of 54
dŚĞĨŽůůŽǁŝŶŐZĞŵƵŶĞƌĂƟŽŶZĞƉŽƌƚĨŽƌŵƐƉĂƌƚŽĨƚŚĞŝƌĞĐƚŽƌƐ͛ZĞƉŽƌƚ͘
ZĞŵƵŶĞƌĂƟŽŶZĞƉŽƌƚ;ĂƵĚŝƚĞĚͿ
dŚĞ ƌĞŵƵŶĞƌĂƟŽŶ ƌĞƉŽƌƚ͕ ǁŚŝĐŚ ŚĂƐ ďĞĞŶ ĂƵĚŝƚĞĚ͕ ŽƵƚůŝŶĞƐ ƚŚĞ ŬĞLJ ŵĂŶĂŐĞŵĞŶƚ ƉĞƌƐŽŶŶĞů ƌĞŵƵŶĞƌĂƟŽŶ
ĂƌƌĂŶŐĞŵĞŶƚƐĨŽƌƚŚĞĐŽŶƐŽůŝĚĂƚĞĚĞŶƟƚLJŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞƌĞƋƵŝƌĞŵĞŶƚƐŽĨƚŚĞŽƌƉŽƌĂƟŽŶƐĐƚϮϬϬϭĂŶĚ
ŝƚƐZĞŐƵůĂƟŽŶƐ͘
<ĞLJŵĂŶĂŐĞŵĞŶƚƉĞƌƐŽŶŶĞů
Directors
ZĂLJŵŽŶĚĂƌƌŽůů
ŚĂŝƌŵĂŶ
ƌĂĚ<ĞůůĂƐ
DĂŶĂŐŝŶŐŝƌĞĐƚŽƌ
ĂǀŝĚ>ůŽLJĚ
WĂƚƌŝĐŬZĂƉĞƌ
EŽŶ-džĞĐƵƚŝǀĞŝƌĞĐƚŽƌ
EŽŶ-džĞĐƵƚŝǀĞŝƌĞĐƚŽƌΘ
ŽŵƉĂŶLJ^ĞĐƌĞƚĂƌLJ
ƉƉŽŝŶƚĞĚϮϵ^ĞƉƚĞŵďĞƌϮϬϮϯ
ƉƉŽŝŶƚĞĚϮϳEŽǀĞŵďĞƌϮϬϮϯ
Executives
'ŽƌĚŽŶKŐďŽƌŶĞ
&KΘŽŵƉĂŶLJ^ĞĐƌĞƚĂƌLJ
ĞĂƐĞĚϭϲ:ĂŶƵĂƌLJϮϬϮϰ;&KͿ͕ĞĂƐĞĚ
ϮϳEŽǀĞŵďĞƌϮϬϮϯ;ŽŵƉĂŶLJ
^ĞĐƌĞƚĂƌLJͿ
^ŚĂƌĞƐĂŶĚ^ŚĂƌĞZŝŐŚƚƐĂŶĚ^ŚĂƌĞKƉƟŽŶƐ,ĞůĚ
dŚĞŶƵŵďĞƌŽĨƐŚĂƌĞƐĂŶĚƐŚĂƌĞƌŝŐŚƚƐĂŶĚƐŚĂƌĞŽƉƟŽŶƐŚĞůĚďLJĞĂĐŚůŽLJĚ
ϭϰ͕ϵϭϮ͕ϭϭϲ
-
-
ϭϰ͕ϵϭϮ͕ϭϭϲ
WĂƚƌŝĐŬZĂƉĞƌ 1
-
ϯ͕Ϭϲϲ͕ϲϲϳ
-
ϯ͕Ϭϲϲ͕ϲϲϳ
Executives
'ŽƌĚŽŶKŐďŽƌŶĞ
ϲϬϬ͕ϬϬϬ
-
-
ϲϬϬ͕ϬϬϬ
dŽƚĂů^ŚĂƌĞƐ
245,746,646
15,839,454
-
245,746,646
1 WĂƚƌŝĐŬZĂƉĞƌ͛ƐƐŚĂƌĞƐǁĞƌĞŚĞůĚƉƌŝŽƌƚŽhis ĂƉƉŽŝŶƚŵĞŶƚĂƐĚŝƌĞĐƚŽƌŽŶϮϵ^ĞƉƚĞŵďĞƌϮϬϮϯ͘
Directors' Report
for the year ended 30 June 2024
RĞƟƌĞĚϮϳEŽǀĞŵďĞƌϮϬϮϯ
DataDot Technology Limited
Annual Report 2024
Page 12 of 54
ZĞŵƵŶĞƌĂƚŝŽŶZĞƉŽƌƚ;ĂƵĚŝƚĞĚͿ;ĐŽŶƚŝŶƵĞĚͿ
^ŚĂƌĞZŝŐŚƚƐ
Balance
as at
30/6/2023
ĚĚŝƚŝŽŶƐ
dĂŬĞŶ-ƵƉ͕
ŝƐƉŽƐĂůƐĂŶĚ
ĂŶĐĞůůĂƚŝŽŶƐ
Balance
as at
30/6/2024
Directors
-
-
-
-
džĞĐƵƚŝǀĞƐ
-
-
-
-
^ŚĂƌĞKƉƚŝŽŶƐ
Balance
as at
30/6/2023
ĚĚŝƚŝŽŶƐ
Disposals or
ĂŶĐĞůůĂƚŝŽŶƐ
Balance
as at
30/6/2024
ŝƌĞĐƚŽƌƐĂŶĚdžĞĐƵƚŝǀĞƐ
-
-
-
-
ZĞŵƵŶĞƌĂƟŽŶƉŽůŝĐLJ
<ĞLJDĂŶĂŐĞŵĞŶƚWĞƌƐŽŶŶĞů;ŝƐƟŶŐZƵůĞƐƐƉĞĐŝĨLJƚŚĂƚĂŐŐƌĞŐĂƚĞ
ƌĞŵƵŶĞƌĂƟŽŶƐŚĂůůďĞĚĞƚĞƌŵŝŶĞĚĨƌŽŵƟŵĞƚŽƟŵĞďLJĂŐĞŶĞƌĂůŵĞĞƟŶŐ͘dŚĞůĂƚĞƐƚĚĞƚĞƌŵŝŶĂƟŽŶǁĂƐĂƚƚŚĞ
ϮϬϬϰ'DǁŚĞŶƐŚĂƌĞŚŽůĚĞƌƐĂƉƉƌŽǀĞĚĂĐĞŝůŝŶŐŽŶĂŐŐƌĞŐĂƚĞƌĞŵƵŶĞƌĂƟŽŶŽĨΨϯϬϬ͕ϬϬϬƉĞƌĂŶŶƵŵ͘ dŚĞĂĐƚƵĂů
ĂŵŽƵŶƚ ƉĂLJĂďůĞ ŝƐ ĐƵƌƌĞŶƚůLJ Ψϰϴ͕ϬϬϬ Ɖ͘Ă͘ ƉůƵƐ ^'> Ăƚ ϭϭ͘Ϭй ĨŽƌ Dƌ ZĂƉĞƌ͕ ŚĂŝƌŵĂŶ ŽĨ ƚŚĞ ƵĚŝƚ Θ ZŝƐŬ
DĂŶĂŐĞŵĞŶƚŽŵŵŝƩĞĞ͕ĂŶĚΨϮϱ͕ϬϬϬƉ͘Ă͘ƉůƵƐ^'>Ăƚϭϭ͘ϬйĨŽƌDƌ>ůŽLJĚ͘
EŽŶ-džĞĐƵƟǀĞŝƌĞĐƚŽƌƐĚŽŶŽƚƌĞĐĞŝǀĞƉĞƌĨŽƌŵĂŶĐĞƌĞůĂƚĞĚƌĞŵƵŶĞƌĂƟŽŶĂŶĚĚŝƌĞĐƚŽƌƐ͛ĨĞĞƐĐŽǀĞƌďŽƚŚŵĂŝŶ
ďŽĂƌĚ ĂŶĚ ĐŽŵŵŝƩĞĞ ĂĐƟǀŝƟĞƐ͘ ŝƌĞĐƚŽƌƐ ŽĨ 'ƌŽƵƉ ƐƵďƐŝĚŝĂƌLJ ĐŽŵƉĂŶŝĞƐ ĚŽ ŶŽƚ ƌĞĐĞŝǀĞ ĚŝƌĞĐƚŽƌƐ͛ ĨĞĞƐ͘ dŚĞ
DĂŶĂŐŝŶŐŝƌĞĐƚŽƌǁĂƐƉĂŝĚΨϮϬϬ͕ϬϬϬƉůƵƐ^'>ĚƵƌŝŶŐ&zϮϬϮϰ ƉůƵƐŶŽŶ-ĐĂƐŚďĞŶĞĮƚƐŽĨΨϯϴ͕Ϭϭϭ͘
dŚĞŽŵƉĂŶLJĐĂŶĐĞůůĞĚĂůů^d/ĂŶĚ>d/ƉƌŽŐƌĂŵƐŝŶŽƉĞƌĂƟŽŶin ϮϬϭϵĂŶĚǁŝůůůŽŽŬƚŽŝŵƉůĞŵĞŶƚĂŶĞǁĂŶĚŵŽƌĞ
ĞīĞĐƟǀĞ^d/ĂŶĚ>d/ƉƌŽŐƌĂŵŽŶĐĞƚŚĞŽŵƉĂŶLJƌĞƚƵƌŶƐƚŽƐƵƐƚĂŝŶĂďůĞƉƌŽĮƚĂďŝůŝƚLJ͘
Directors' Report
for the year ended 30 June 2024
DataDot Technology Limited
Annual Report 2024
Page 14 of 54
ZĞŵƵŶĞƌĂƚŝŽŶZĞƉŽƌƚ;ĂƵĚŝƚĞĚͿ;ĐŽŶƚŝŶƵĞĚͿ
ZĞŵƵŶĞƌĂƚŝŽŶƉŽůŝĐLJ;ĐŽŶƚŝŶƵĞĚͿ
ZĞůĂƟŽŶƐŚŝƉďĞƚǁĞĞŶƌĞŵƵŶĞƌĂƟŽŶĂŶĚĐŽŶƐŽůŝĚĂƚĞĚĞŶƟƚLJƉĞƌĨŽƌŵĂŶĐĞ
dŚĞĞīĞĐƚŽĨƌĞŵƵŶĞƌĂƟŽŶƉŽůŝĐLJŽŶĂƚĂŽƚ͛ƐĮŶĂŶĐŝĂůƉĞƌĨŽƌŵĂŶĐĞĂŶĚŽŶƐŚĂƌĞŚŽůĚĞƌǀĂůƵĞŝƐĐĞŶƚƌĂůƚŽƚŚĞ
ŽĂƌĚ͛Ɛ ĂŶĚ ZĞŵƵŶĞƌĂƟŽŶ ĂŶĚ EŽŵŝŶĂƟŽŶ ŽŵŵŝƩĞĞ͛Ɛ ĚĞĐŝƐŝŽŶƐ͘ &Žƌ ƚŚŝƐ ƌĞĂƐŽŶ͕ Ă ƉƌŝŵĂƌLJ ŽďũĞĐƟǀĞ ŽĨ
ƌĞŵƵŶĞƌĂƟŽŶƉŽůŝĐLJŝƐƚŽƟĞƚŚĞƌĞŵƵŶĞƌĂƟŽŶŽĨd/ͿďĞŝŶŐƟĞĚƚŽŐƌŽǁƚŚŝŶƐŚĂƌĞŚŽůĚĞƌǀĂůƵĞ͘/ŶƚŚŝƐƌĞƐƉĞĐƚ͕ƚŚĞŬĞLJ
ĨĂĐƚŽƌƐĨŽƌĐŽŶƐŝĚĞƌĂƟŽŶĂƌĞĐŽŶƟŶƵŝŶŐƉƌŽĚƵĐƚĚĞǀĞůŽƉŵĞŶƚĂŶĚŝŵƉƌŽǀĞŵĞŶƚ͕ďƵƐŝŶĞƐƐĂŶĚƌĞǀĞŶƵĞŐƌŽǁƚŚ͕
ĚĞǀĞůŽƉŝŶŐĂŶĚŵĂŝŶƚĂŝŶŝŶŐƚŚĞĂƉƉƌŽƉƌŝĂƚĞĐŽƌƉŽƌĂƚĞĐƵůƚƵƌĞ͕ƐƚƌĂƚĞŐŝĐĂĚũƵƐƚŵĞŶƚƐŝŶĐŽŶƐƵůƚĂƟŽŶǁŝƚŚƚŚĞ
ŽĂƌĚĂŶĚŵĂŝŶƚĞŶĂŶĐĞŽĨĂŶĞĸĐŝĞŶƚĐŽƐƚďĂƐĞ͘
dŚĞŽŵƉĂŶLJ͛ƐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƐŚĂƌĞŚŽůĚĞƌǁĞĂůƚŚĨŽƌĞĂĐŚŽĨƚŚĞůĂƐƚƐŝdžLJĞĂƌƐǁĞƌĞ
2019
2020
2021
2022
2023
2024
Ψ͛ϬϬϬ
Ψ͛ϬϬϬ
Ψ͛ϬϬϬ
Ψ͛ϬϬϬ
Ψ͛ϬϬϬ
Ψ͛ϬϬϬ
ZĞǀĞŶƵĞ
ϯ͕Ϯϳϵ͘ϲ
ϯ͕ϳϳϰ͘ϲ
ϯ͕ϴϵϲ͘ϭ
ϯ͕ϱϲϭ͘Ϯ
Ϯ͕ϲϵϯ͘Ϭ
Ϯ͕ϵϴϰ͘ϱ
/d
;ϭ͕ϳϱϳ͘ϯͿ
ϯϬϵ͘ϰ
ϭ͕ϰϱϮ͘ϵ
ϭ͕Ϭϰϱ͘ϴ
Ϯϱϰ͘ϰ
ϱϬϳ͘ϴ
EĞƚWƌŽĨŝƚͬ;>ŽƐƐͿĂĨƚĞƌ
ƚĂdžΎ
;Ϯ͕ϯϬϭ͘ϯͿ
Ϯϵ͘Ϯ
ϭ͕Ϯϯϱ͘Ϭ
ϴϮϵ͘ϮΎ
ϭϭ͘ϲΎ
Ϯϯϭ͘ϯΎ
ĂƐŝĐĞĂƌŶŝŶŐƐƉĞƌ
ƐŚĂƌĞ;ŝŶĐĞŶƚƐͿΎ
;Ϭ͘ϯϬͿ
Ϭ͘ϬϬϯ
Ϭ͘Ϭϵϵ
Ϭ͘ϬϲϳΎ
Ϭ͘ϬϬϭΎ
Ϭ͘ϬϭϴΎ
^ŚĂƌĞƉƌŝĐĞĂƚLJĞĂƌĞŶĚ
;ŝŶĐĞŶƚƐͿ
Ϭ͘ϳϬ
Ϭ͘ϰϬ
Ϭ͘ϲϬ
Ϭ͘ϳϬ
Ϭ͘ϯϬ
Ϭ͘ϰϬ
Ύ &ŽƌĂŵŽƌĞĂĐĐƵƌĂƚĞĐŽŵƉĂƌŝƐŽŶǁŝƚŚƉƌŝŽƌLJĞĂƌƌĞƐƵůƚƐ͕ƚŚĞǀĂůƵĞŽĨƚŚĞĞĨĞƌƌĞĚƚĂdžĂƐƐĞƚƐƌĞůĂƟŶŐƚŽƵŶƵƐĞĚ
ƚĂdžůŽƐƐĞƐŽĨΨϱ͕ϳϬϭ͕ϱϬϳďƌŽƵŐŚƚƚŽĂĐĐŽƵŶƚŝŶ&zϮϬϮϮ͕ŝƚƐƐƵďƐĞƋƵĞŶƚďĂůĂŶĐĞŽĨΨϱ͕ϰϴϵ͕ϮϭϱŝŶ&zϮϬϮϯ͕ďĂůĂŶĐĞ
ŽĨΨϱ͕ϯϰϬ͕ϭϮϮŝŶ&zϮϬϮϰ ĂŶĚƚŚĞƌĞůĂƚĞĚŝŶĐŽŵĞƚĂdžĞdžƉĞŶƐĞƌĞůĂƟŶŐƚŽƚŚĞŵŽǀĞŵĞŶƚƐŝŶƚŚĞĞĨĞƌƌĞĚƚĂdžĂƐƐĞƚƐ
ŚĂǀĞďĞĞŶĞdžĐůƵĚĞĚ͘
WĞƌĨŽƌŵĂŶĐĞďĂƐĞĚƌĞŵƵŶĞƌĂƟŽŶ
ƚ ƚŚĞ ĚĂƚĞ ŽĨ ƚŚŝƐ ƌĞƉŽƌƚ͕ ƚŚĞ ƌĞŵƵŶĞƌĂƟŽŶ ŽĨ d/ƉƌŽŐƌĂŵŵĞĨŽƌd/ƉƌŽŐƌĂŵŵĞǁŚĞŶŝŵƉůĞŵĞŶƚĞĚǁŝƚŚƐŚĂƌĞŚŽůĚĞƌĂƉƉƌŽǀĂů͕ŵĂLJŝŶĐůƵĚĞƉĞƌĨŽƌŵĂŶĐĞ
ƐŚĂƌĞƐ͕ƐŚĂƌĞŽƉƟŽŶƐŽƌƐŚĂƌĞƌŝŐŚƚƐ͘EŽƉĞƌĨŽƌŵĂŶĐĞƐŚĂƌĞƐŽƌƐŚĂƌĞƌŝŐŚƚƐŽƌƐŚĂƌĞŽƉƟŽŶƐĂƌĞĐƵƌƌĞŶƚůLJŽŶŝƐƐƵĞ
to non-ĞdžĞĐƵƟǀĞ ĚŝƌĞĐƚŽƌƐ͘ dŚĞ ŐƌĂŶƚ ŽĨ ĚŝƌĞĐƚŽƌ ƉĞƌĨŽƌŵĂŶĐĞ ƐŚĂƌĞƐ͕ Žƌ ƐŚĂƌĞ ƌŝŐŚƚƐ Žƌ ŽƉƟŽŶƐ ǁŽƵůĚ ďĞ
ĐŽŶƐŝƐƚĞŶƚǁŝƚŚƚŚĞŽŵƉĂŶLJ͛ƐůŽŶŐ-ƚĞƌŵŝŶĐĞŶƟǀĞƌĞŵƵŶĞƌĂƟŽŶ
Directors' Report
for the year ended 30 June 2024
DataDot Technology Limited
Annual Report 2024
Page 15 of 54
ZĞŵƵŶĞƌĂƟŽŶZĞƉŽƌƚ;ĂƵĚŝƚĞĚͿ;ĐŽŶƟŶƵĞĚͿ
ƉŽůŝĐLJ͕ƉƌŽǀŝĚŝŶŐŝƌĞĐƚŽƌƐǁŝƚŚƚŚĞŽƉƉŽƌƚƵŶŝƚLJƚŽƉĂƌƟĐŝƉĂƚĞŝŶƚŚĞĨƵƚƵƌĞŐƌŽǁƚŚŽĨƚŚĞŽŵƉĂŶLJƚŚƌŽƵŐŚƐŚĂƌĞ
ŽǁŶĞƌƐŚŝƉ͘
/ŶϮϬϮϰ͕ŶŽ^d/͛ƐŽƌ>d/͛ƐŚĂǀĞďĞĞŶƉĂŝĚƚŽĚŝƌĞĐƚŽƌƐŽƌŽƚŚĞƌĂƉƐŝŶŐ
ĂůĂŶĐĞ
ĂƐĂƚ
ϯϬͬϲͬϮϬϮϯ
ZĞŵƵŶĞƌĂƚŝŽŶ
^ŚĂƌĞZŝŐŚƚƐ
^ŚĂƌĞZŝŐŚƚƐ
ĂƐĂƚ
ϯϬͬϲͬϮϬϮϰ
Directors
-
-
-
-
-
džĞĐƵƚŝǀĞƐ
-
-
-
-
-
-
-
-
-
-
^ŚĂƌĞƐĂŶĚƐŚĂƌĞƌŝŐŚƚƐŝƐƐƵĞĚĂŶĚĐĂŶĐĞůůĞĚƐƵďƐĞƋƵĞŶƚƚŽƚŚĞĞŶĚŽĨƚŚĞLJĞĂƌ͗Eŝů
^ŚĂƌĞKƉƟŽŶƐ
-
dŚĞƌĞǁĞƌĞŶŽƐŚĂƌĞŽƉƟŽŶƐŽŶŝƐƐƵĞĂƚƚŚĞďĞŐŝŶŶŝŶŐŽĨƚŚĞLJĞĂƌ͘
dŚĞƌĞǁĞƌĞŶŽƐŚĂƌĞŽƉƟŽŶƐŽŶŝƐƐƵĞĂƚƚŚĞĞŶĚŽĨƚŚĞLJĞĂƌ͘
^ƵŵŵĂƌLJŽĨŝƌĞĐƚŽƌ͕ŽĂŶ^ĐŚĞŵĞ
Options
^ŚĂƌĞZŝŐŚƚƐ
Directors
Ϯϳϲ͕ϴϰϵ͕ϯϮϰ
-
-
-
ŽŶŐ-ƚĞƌŵďĞŶĞĨŝƚƐ
^ŚĂƌĞ-
ďĂƐĞĚ
ƉĂLJŵĞŶƚƐ
2024
ĂƐŚ͕
^ĂůĂƌLJ͕
ΘĨĞĞƐΨ
^d/Ψ
Non-ĐĂƐŚ
Ψ
^ƵƉĞƌ-ĂŶŶƵĂ-
ƚŝŽŶΨ
dĞƌŵŝŶ-
ĂƚŝŽŶΨ
>ŽŶŐ
ƐĞƌǀŝĐĞ
ůĞĂǀĞΨ
^ŚĂƌĞ
KƉƚŝŽŶƐΨ
dŽƚĂůΨ
Directors
ZĂƌƌŽůů
Ϯϲ͕ϯϬϴ
-
-
Ϯ͕ϴϵϰ
-
-
-
Ϯϵ͕ϮϬϮ
<ĞůůĂƐ
ϮϬϬ͕ϬϬϬ
-
ϯϴ͕Ϭϭϭ
ϮϮ͕ϬϬϬ
-
-
-
ϮϲϬ͕Ϭϭϭ
>ůŽLJĚ
Ϯϱ͕ϬϬϬ
-
-
Ϯ͕ϳϱϬ
-
-
-
Ϯϳ͕ϳϱϬ
WZĂƉĞƌ
Ϯϱ͕ϲϲϭ
ϭϯ͕ϭϱϵ
ϯϴ͕ϴϮϬ
Executives
'KŐďŽƌŶĞ
ϵϱ͕ϳϵϱ
-
-
ϭϬ͕ϱϯϳ
-
-
-
ϭϬϲ͕ϯϯϮ
ϯϳϮ͕ϳϲϰ
-
ϯϴ͕Ϭϭϭ
ϱϭ͕ϯϰϬ
-
-
-
ϰϲϮ͕ϭϭϱ
^ŚŽƌƚ-ƚĞƌŵďĞŶĞĨŝƚƐ
Post-
ĞŵƉůŽLJŵĞŶƚ
ďĞŶĞĨŝƚƐ
>ŽŶŐ-ƚĞƌŵďĞŶĞĨŝƚƐ
^ŚĂƌĞ-
ďĂƐĞĚ
ƉĂLJŵĞŶƚƐ
2023
ĂƐŚ͕
^ĂůĂƌLJ͕
ΘĨĞĞƐΨ
^d/Ψ
Non-ĐĂƐŚ
Ψ
^ƵƉĞƌ-ĂŶŶƵĂ-
ƚŝŽŶΨ
dĞƌŵŝŶ-
ĂƚŝŽŶΨ
>ŽŶŐ
ƐĞƌǀŝĐĞ
ůĞĂǀĞΨ
^ŚĂƌĞ
KƉƚŝŽŶƐΨ
dŽƚĂůΨ
Directors
ZĂƌƌŽůů
ϲϬ͕ϬϬϬ
-
-
ϲ͕ϯϬϬ
-
-
-
ϲϲ͕ϯϬϬ
<ĞůůĂƐ
ϭϴϬ͕ϴϬϰ
-
ϯϱ͕ϵϬϬ
ϭϴ͕ϵϴϰ
-
-
-
Ϯϯϱ͕ϲϴϴ
>ůŽLJĚ
Ϯϱ͕ϬϬϬ
-
-
Ϯ͕ϲϮϱ
-
-
-
Ϯϳ͕ϲϮϱ
Executives
'KŐďŽƌŶĞ
ϭϰϰ͕Ϯϯϭ
-
-
ϭϱ͕ϭϰϰ
-
-
-
ϭϱϵ͕ϯϳϱ
ϰϭϬ͕Ϭϯϱ
-
ϯϱ͕ϵϬϬ
ϰϯ͕Ϭϱϯ
-
-
-
ϰϴϴ͕ϵϴϴ
Directors' Report
for the year ended 30 June 2024
DataDot Technology Limited
Annual Report 2024
Page 17 of 54
ZĞŵƵŶĞƌĂƟŽŶZĞƉŽƌƚ;ĂƵĚŝƚĞĚͿ;ĐŽŶƟŶƵĞĚͿ
ϮϬϮϯWĞƌĨŽƌŵĂŶĐĞďĂƐĞĚ
ƌĞŵƵŶĞƌĂƚŝŽŶ
ϮϬϮϰWĞƌĨŽƌŵĂŶĐĞďĂƐĞĚ
ƌĞŵƵŶĞƌĂƚŝŽŶ
ŽŶƵƐ
^d/й
^ŚĂƌĞƌŝŐŚƚƐͬ
Options
>d/й
ŽŶƵƐ
^d/й
^ŚĂƌĞƌŝŐŚƚƐͬ
Options
>d/й
Directors
ZĂLJĂƌƌŽůů
Ϭ͘Ϭй
Ϭ͘Ϭй
Ϭ͘Ϭй
Ϭ͘Ϭй
ƌĂĚ<ĞůůĂƐ
Ϭ͘Ϭй
Ϭ͘Ϭй
Ϭ͘Ϭй
Ϭ͘Ϭй
ĂǀŝĚ>ůŽLJĚ
Ϭ͘Ϭй
Ϭ͘Ϭй
Ϭ͘Ϭй
Ϭ͘Ϭй
WĂƚƌŝĐŬZĂƉĞƌ
Ϭ͘Ϭй
Ϭ͘Ϭй
Ϭ͘Ϭй
Ϭ͘Ϭй
Executives
'ŽƌĚŽŶKŐďŽƌŶĞ
Ϭ͘Ϭй
Ϭ͘Ϭй
Ϭ͘Ϭй
Ϭ͘Ϭй
<ĞLJDĂŶĂŐĞŵĞŶƚWĞƌƐŽŶŶĞů
ĞƚĂŝůƐŽĨƚŚĞƉĞƌĨŽƌŵĂŶĐĞďĂƐĞĚĂŶĚĞƋƵŝƚLJ-ďĂƐĞĚƌĞŵƵŶĞƌĂƟŽŶĨŽƌŽƐƐ
Notes
ϮϬϮϰ
2023
Ψ
$
ZĞǀĞŶƵĞ
Sale of goods
Ϯ͕ϱϲϯ͕ϭϬϯ
2,230,828
Service and licence fees
ϭϰϰ͕ϴϴϴ
134,063
Royalties
Ϯϳϲ͕ϱϬϮ
328,140
Ϯ͕ϵϴϰ͕ϰϵϯ
2,693,031
Cost of sales
ϭ͕ϭϯϬ͕ϬϮϮ
975,137
'ƌŽƐƐWƌŽĨŝƚ
ϭ͕ϴϱϰ͕ϰϳϭ
1,717,894
Other income
3
Ϯϳϭ͕ϭϬϱ
73,360
džƉĞŶƐĞƐ
Administrative expenses
4
ϭ͕ϰϱϳ͕ϴϳϴ
1,428,654
Marketing expenses
ϲϰ͕ϲϵϯ
37,252
Occupancy expenses
ϴϬ͕ϭϴϵ
64,254
Travel expenses
ϭϰ͕ϵϰϰ
6,671
ϭ͕ϲϭϳ͕ϳϬϯ
1,536,831
/d
ϱϬϳ͕ϴϳϮ
254,423
Depreciation, Amortisation and Impairment
Ϯϱϯ͕ϵϭϬ
226,704
Finance costs
ϮϮ͕ϲϲϱ
16,072
WƌŽĨŝƚďĞĨŽƌĞŝŶĐŽŵĞƚĂdžĞdžƉĞŶƐĞ
Ϯϯϭ͕Ϯϵϳ
11,647
Income tax (benefit)/expense
5
ϭϱϴ͕ϵϵϳ
127,016
WƌŽĨŝƚͬ;>ŽƐƐͿĂĨƚĞƌŝŶĐŽŵĞƚĂdž;ďĞŶĞĨŝƚͿͬĞdžƉĞŶƐĞĨŽƌƚŚĞLJĞĂƌ
ϳϮ͕ϯϬϬ
(115,370)
WƌŽĨŝƚͬ;>ŽƐƐͿĨŽƌƚŚĞLJĞĂƌĂƚƚƌŝďƵƚĂďůĞƚŽ͗
Owners of DataDot Technology Limited
ϳϮ͕ϯϬϬ
(115,370)
Non controlling interest
Ͳ
-
ϳϮ͕ϯϬϬ
(115,370)
Basic profit / (loss) per share (cents per share)
8
Ϭ͘ϬϬϲ
(0.009)
Diluted profit / (loss) per share (cents per share)
8
Ϭ͘ϬϬϲ
(0.009)
The above consolidated statement of profit or loss should be read in conjunction with the accompanying notes.
ĨŽƌƚŚĞLJĞĂƌĞŶĚĞĚϯϬ:ƵŶĞϮϬϮϰ
DataDot Technology Limited
Annual Report 2024
Page 22 of 54
ŽŶƐŽůŝĚĂƚĞĚ^ƚĂƚĞŵĞŶƚŽĨŽŵƉƌĞŚĞŶƐŝǀĞ/ŶĐŽŵĞ
ϮϬϮϰ
2023
Ψ
$
Profit / (Loss) after income tax expense for the year
ϳϮ͕ϯϬϬ
(115,370)
Other comprehensive income
Items that may be classified subsequently to profit or loss
Exchange difference on translation of foreign operations
;ϱ͕ϰϱϮͿ
(161)
Total comprehensive income for the year, net of tax
ϲϲ͕ϴϰϴ
(115,531)
Total comprehensive profit attributable to
Owners of DataDot Technology Limited
ϲϲ͕ϴϰϴ
(115,531)
The above consolidated statement of comprehensive income should be read in conjunction with the accompanying notes.
ĨŽƌƚŚĞLJĞĂƌĞŶĚĞĚϯϬ:ƵŶĞϮϬϮϰ
DataDot Technology Limited
Annual Report 2024
Page 23 of 54
ŽŶƐŽůŝĚĂƚĞĚ^ƚĂƚĞŵĞŶƚŽĨ&ŝŶĂŶĐŝĂůWŽƐŝƚŝŽŶ
Notes
ϮϬϮϰ
2023
Ψ
$
ƵƌƌĞŶƚƐƐĞƚƐ
Cash and cash equivalents
9
ϭ͕ϵϵϵ͕ϭϮϱ
2,117,501
Financial assets
10
ϭ͕ϮϱϬ͕ϬϬϬ
750,000
Trade and other receivables
11
ϳϬϭ͕ϳϯϱ
523,409
Inventories
12
ϰϳϴ͕ϲϲϵ
452,460
Sundry Debtors
ϭϵ͕ϰϲϳ
46,351
Total Current Assets
ϰ͕ϰϰϴ͕ϵϵϳ
3,889,721
EŽŶ-ƵƌƌĞŶƚƐƐĞƚƐ
Deferred tax
5
ϱ͕ϯϰϬ͕ϭϮϯ
5,489,215
Plant and equipment
13
ϱϵϰ͕ϳϭϯ
825,380
Investments
Ϯ͕ϵϰϴ
2,948
Total Non-Current Assets
ϱ͕ϵϯϳ͕ϳϴϰ
6,317,543
dŽƚĂůƐƐĞƚƐ
ϭϬ͕ϯϴϲ͕ϳϴϭ
10,207,264
ƵƌƌĞŶƚ>ŝĂďŝůŝƚŝĞƐ
Trade and other payables
14
ϰϱϴ͕Ϭϰϴ
295,516
Employee benefits
15
ϭϯϮ͕ϴϵϰ
98,970
Provisions
16
ϳ͕ϭϬϱ
7,105
Other current liabilities
17
ϯϮϳ͕ϮϱϮ
224,286
Total Current Liabilities
ϵϮϱ͕Ϯϵϵ
625,876
EŽŶ-ƵƌƌĞŶƚ>ŝĂďŝůŝƚŝĞƐ
Employee benefits
15
ϭϯ͕ϳϵϬ
6,595
Other non-current liabilities
17
ϭϭϭ͕ϱϰϯ
305,492
Total Non-Current Liabilities
ϭϮϱ͕ϯϯϰ
312,087
dŽƚĂů>ŝĂďŝůŝƚŝĞƐ
ϭ͕ϬϱϬ͕ϲϯϯ
937,963
EĞƚƐƐĞƚƐ
ϵ͕ϯϯϲ͕ϭϰϴ
9,269,300
ƋƵŝƚLJ
Issued capital
18
ϰϭ͕ϰϭϱ͕Ϯϵϱ
41,415,295
Accumulated losses
;ϯϮ͕ϯϱϱ͕ϵϲϮͿ
(32,428,262)
Reserves
19
Ϯϳϲ͕ϴϭϱ
282,268
Equity attributed to the owners of DataDot Technology Limited
ϵ͕ϯϯϲ͕ϭϰϴ
9,269,300
Non-controlling interests
Ͳ
-
dŽƚĂůƋƵŝƚLJ
ϵ͕ϯϯϲ͕ϭϰϴ
9,269,300
The above consolidated statement of financial position should be read in conjunction with the accompanying notes.
ĨŽƌƚŚĞLJĞĂƌĞŶĚĞĚϯϬ:ƵŶĞϮϬϮϰ
DataDot Technology Limited
Annual Report 2024
Page 24 of 54
ŽŶƐŽůŝĚĂƚĞĚ^ƚĂƚĞŵĞŶƚŽĨŚĂŶŐĞƐŝŶƋƵŝƚLJ
EŽƚĞ
ƚƚƌŝďƵƚĂďůĞƚŽĞƋƵŝƚLJŚŽůĚĞƌƐŽĨƚŚĞƉĂƌĞŶƚ
&ŽƌĞŝŐŶ
ŵƉůŽLJĞĞ
ĐƵƌƌĞŶĐLJ
ĞƋƵŝƚLJ
/ƐƐƵĞĚ
ĐĐƵŵƵůĂƚĞĚ
ƚƌĂŶƐůĂƚŝŽŶ
ďĞŶĞĨŝƚ
KƚŚĞƌ
dŽƚĂů
ĐĂƉŝƚĂůΨ
ůŽƐƐĞƐΨ
ƌĞƐĞƌǀĞΨ
ƌĞƐĞƌǀĞΨ
ƌĞƐĞƌǀĞΨ
ĞƋƵŝƚLJΨ
ĂůĂŶĐĞĂƚϯϬ:ƵŶĞϮϬϮϮ
41,612,795
(32,312,892)
(8,270)
387,598
-
9,679,231
-
(115,370)
-
-
-
(115,370)
-
-
-
(96,900)
-
(96,900)
-
-
(161)
-
-
(161)
Ͳ
(115,370)
(161)
(96,900)
-
(212,430)
Share issues
-
-
-
-
-
Ͳ
Share issue costs
Ͳ
Ͳ
Ͳ
Ͳ
Ͳ
Ͳ
Share buy-backs
;ϭϵϳ͕ϱϬϬͿ
Ͳ
Ͳ
Ͳ
Ͳ
(197,500)
ĂůĂŶĐĞĂƚϯϬ:ƵŶĞϮϬϮϯ
ϰϭ͕ϰϭϱ͕Ϯϵϱ
;ϯϮ͕ϰϮϴ͕ϮϲϮͿ
;ϴ͕ϰϯϭͿ
ϮϵϬ͕ϲϵϵ
Ͳ
9,269,300
Ͳ
ϳϮ͕ϯϬϬ
Ͳ
Ͳ
Ͳ
ϳϮ͕ϯϬϬ
Deferred tax Liablity on Employee Share Reserve
Ͳ
Ͳ
Ͳ
Ͳ
Ͳ
Ͳ
Ͳ
;ϱ͕ϰϱϮͿ
Ͳ
Ͳ
;ϱ͕ϰϱϮͿ
Ͳ
ϳϮ͕ϯϬϬ
;ϱ͕ϰϱϮͿ
Ͳ
Ͳ
ϲϲ͕ϴϰϴ
Share issues
Ͳ
Ͳ
Ͳ
Ͳ
Ͳ
Ͳ
Share issue costs
Ͳ
Ͳ
Ͳ
Ͳ
Ͳ
Ͳ
Share buy-backs
Ͳ
Ͳ
Ͳ
Ͳ
Ͳ
Ͳ
ĂůĂŶĐĞĂƚϯϬ:ƵŶĞϮϬϮϰ
ϰϭ͕ϰϭϱ͕Ϯϵϱ
;ϯϮ͕ϯϱϱ͕ϵϲϮͿ
;ϭϯ͕ϴϴϯͿ
ϮϵϬ͕ϲϵϵ
Ͳ
ϵ͕ϯϯϲ͕ϭϰϴ
The above consolidated statement of changes in equity should be read in conjunction with the accompanying notes.
ĨŽƌƚŚĞLJĞĂƌĞŶĚĞĚϯϬ:ƵŶĞϮϬϮϰ
Total comprehensive income for the year
Transactions with owners in their capacity as owners :
Total comprehensive income for the year
Transactions with owners in their capacity as owners :
Profit / (Loss) after income tax expense for the year
Other comprehensive income for the year, net of tax
Transfer of Other Reserve to Accumulated Losses
Profit after income tax expense for the year
Other comprehensive income for the year, net of tax
DataDot Technology Limited
Annual Report 2024
Page 25 of 54
ŽŶƐŽůŝĚĂƚĞĚ^ƚĂƚĞŵĞŶƚŽĨĂƐŚ&ůŽǁƐ
Notes
ϮϬϮϰ
2023
Ψ
$
ĂƐŚĨůŽǁƐĨƌŽŵŽƉĞƌĂƚŝŶŐĂĐƚŝǀŝƚŝĞƐ
Receipts from customers (inclusive of GST)
ϯ͕Ϭϳϱ͕ϵϯϴ
2,734,814
Payments to suppliers and employees (inclusive of GST)
;Ϯ͕ϳϰϴ͕ϬϬϳͿ
(2,924,366)
Interest paid
;ϮϮ͕ϲϲϱͿ
(16,072)
Income tax paid
;ϵ͕ϵϬϱͿ
(223,916)
Receipt of government grants, JobKeeper & Cashflow Boost
ϯϰ͕ϱϴϵ
119,876
Net cash received / (used) in operating activities
9
ϯϮϵ͕ϵϱϬ
(309,664)
ĂƐŚĨůŽǁƐĨƌŽŵŝŶǀĞƐƚŝŶŐĂĐƚŝǀŝƚŝĞƐ
Interest received
ϲϵ͕ϯϲϵ
33,193
Payments for plant and equipment
;Ϯϯ͕ϲϮϲͿ
(47,185)
Proceeds on sale of plant and equipment
ϭϮ͕ϱϭϬ
Payments for financial assets
;ϱϬϬ͕ϬϬϬͿ
(750,000)
Net cash flows used in investing activities
;ϰϰϭ͕ϳϰϳͿ
(763,992)
ĂƐŚĨůŽǁƐĨƌŽŵĨŝŶĂŶĐŝŶŐĂĐƚŝǀŝƚŝĞƐ
Proceeds from share issue (net of share issue costs)
Ͳ
-
Payments for Share Buy-back
Ͳ
(197,500)
Repayment of borrowings
Ͳ
-
EĞƚĐĂƐŚƉƌŽǀŝĚĞĚďLJĨŝŶĂŶĐŝŶŐĂĐƚŝǀŝƚŝĞƐ
Ͳ
(197,500)
EĞƚŝŶĐƌĞĂƐĞŝŶĐĂƐŚĂŶĚĐĂƐŚĞƋƵŝǀĂůĞŶƚƐ
;ϭϭϭ͕ϳϵϲͿ
(1,271,156)
Cash and cash equivalents at the beginning of the financial year
Ϯ͕ϭϭϳ͕ϱϬϭ
3,179,549
Effects of exchange rate changes on cash and cash equivalents
;ϭ͕ϰϭϬͿ
(3,184)
ĂƐŚĂŶĚĐĂƐŚĞƋƵŝǀĂůĞŶƚƐĂƚƚŚĞĞŶĚŽĨƚŚĞĨŝŶĂŶĐŝĂůLJĞĂƌ
9
ϭ͕ϵϵϵ͕ϭϮϱ
1,905,209
The above consolidated statement of cash flows should be read in conjunction with the accompanying notes.
ĨŽƌƚŚĞLJĞĂƌĞŶĚĞĚϯϬ:ƵŶĞϮϬϮϰ
DataDot Technology Limited
Annual Report 2024
Page 26 of 54
EŽƚĞƐƚŽƚŚĞ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ
ϭ
'ĞŶĞƌĂů/ŶĨŽƌŵĂƚŝŽŶ
ĂƐŝƐŽĨƉƌĞƉĂƌĂƚŝŽŶ
Ϯ
^ĞŐŵĞŶƚ/ŶĨŽƌŵĂƚŝŽŶ
KƉĞƌĂƚŝŶŐ^ĞŐŵĞŶƚƐ
^ĞŐŵĞŶƚĚĞƐĐƌŝƉƚŝŽŶƐ
WƌŽĚƵĐƚƐĂŶĚƐĞƌǀŝĐĞƐďLJƐĞŐŵĞŶƚ
ĐĐŽƵŶƚŝŶŐƉŽůŝĐŝĞƐĂŶĚŝŶƚĞƌƐĞŐŵĞŶƚƚƌĂŶƐĂĐƚŝŽŶƐ
ĨŽƌƚŚĞLJĞĂƌĞŶĚĞĚϯϬ:ƵŶĞϮϬϮϰ
DataDot has identified its operating segments based on the internal reports that are reviewed and used by the executive management team (the chief operating
decision makers) in assessing performance and in determining the allocation of resources.
Management has reviewed the segments and determined the group is organised into business units based on their product and services and accordingly has three
reportable segments. Discrete financial information about each of these operating businesses is reported to the executive management team on at least a monthly
basis.
Material accounting policies applied are provided within these financial statements, where appropriate.
KDƐĂŶĚŝƐƚƌŝďƵƚŽƌƐ – the manufacture and wholesale supply of DataDotDNA® polymer and metallic microdots to manufacturers
(OEMs) for application to their own products, and to authorised distributors and wholesale customers in overseas markets for on-sale
under their own brands. Revenues in this segment include royalties and licensing fees associated with these distributorships.
ĂƚĂdƌĂĐĞ/® – a high speed, high security, machine readable system for authenticating materials, products, and assets.
The accounting policies used by DataDot in reporting segments internally are the same as those contained in the prior period. Intersegment pricing is determined
on an arm’s length basis. Intersegment transactions are eliminated on consolidation.
Three reportable segments have been identified as follows:
These general purpose financial statements comprise the consolidated financial statements of DataDot Technology Limited and its controlled entities (hereafter
referred to as 'DataDot', 'the consolidated entity', 'the Company' and 'the Group') as at and for the period ended 30 June each year. They have been prepared in
accordance with Accounting Standards and other authoritative pronouncements issued by the Australian Accounting Standards Board ('AASB'), and comply with
other requirements of the law and the Corporations Act 2001 as appropriate for for-profit oriented entities.
These financial statements also comply with International Financial Reporting Standards ('IFRS') as issued by the International Accounting Standards Board ('IASB').
DataDot Technology Limited is a listed public company limited by shares, incorporated and domiciled in Australia. Its registered office and principal place of business
is:
ŝƌĞĐƚƵƐŝŶĞƐƐĂŶĚŽŶƐƵŵĞƌƐĂůĞƐ– all activities that have a direct to business and/or consumer focus and includes on-line, retail and
dealer sales of the range of DatadotDNA products kits, Vault branded security products, and Vault facilitated stolen property recovery
and insurance sales commissions͘
The financial statements were authorised for issue in accordance with a resolution of Directors on 19 August 2024.
Brookvale, NSW, 2100
Australia
Comparatives are consistent with prior years.
8 Ethel Ave
A description of the nature of DataDot's operations and its principal activities are included in the Directors' report, which is not part of the financial statements.
DataDot Technology Limited
Annual Report 2024
Page 27 of 54
EŽƚĞƐƚŽƚŚĞ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ
Ϯ
^ĞŐŵĞŶƚ/ŶĨŽƌŵĂƚŝŽŶ;ĐŽŶƚŝŶƵĞĚͿ
^ĞŐŵĞŶƚƉĞƌĨŽƌŵĂŶĐĞ
zĞĂƌĞŶĚĞĚϯϬ:ƵŶĞϮϬϮϰ
KDΘ
ŝƐƚƌŝďƵƚŽƌƐ
ĂƚĂŽƚE
ĂƚĂdƌĂĐĞ/
ŝƌĞĐƚƚŽ
ƵƐŝŶĞƐƐΘ
ŽŶƐƵŵĞƌ
/ŶƚĞƌͲ^ĞŐŵĞŶƚ
ĞůŝŵŝŶĂƚŝŽŶƐ
dŽƚĂů
Ψ
Ψ
Ψ
Ψ
Ψ
Revenue from external customers
Ϯ͕ϲϮϭ͕ϳϰϬ
Ϯϰϳ͕ϳϵϴ
ϭϭϰ͕ϵϱϱ
Ͳ
Ϯ͕ϵϴϰ͕ϰϵϯ
ϭϲ͕ϵϰϲ
ϭϳϳ
Ͳ
;ϭϳ͕ϭϮϰͿ
Ͳ
Total revenue
Ϯ͕ϲϯϴ͕ϲϴϳ
Ϯϰϳ͕ϵϳϱ
ϭϭϰ͕ϵϱϱ
;ϭϳ͕ϭϮϰͿ
Ϯ͕ϵϴϰ͕ϰϵϯ
Gross profit
ϭ͕ϱϱϯ͕ϵϮϲ
ϮϯϬ͕ϰϬϬ
ϳϬ͕ϭϰϰ
Ͳ
ϭ͕ϴϱϰ͕ϰϳϭ
EBITDA
ϰϯϯ͕ϯϳϵ
ϵϳ͕ϵϴϲ
;Ϯϯ͕ϰϵϯͿ
Ͳ
ϱϬϳ͕ϴϳϮ
;Ϯϭϭ͕ϲϵϲͿ
;ϭϵ͕ϵϲϰͿ
;ϮϮ͕ϮϰϵͿ
Ͳ
;Ϯϱϯ͕ϵϭϬͿ
Intangibles Impairment
Ͳ
Ͳ
Ͳ
Ͳ
Ͳ
Finance costs
;ϮϮ͕ϲϲϱͿ
Ͳ
Ͳ
Ͳ
;ϮϮ͕ϲϲϱͿ
Profit / (Loss) before income tax
ϭϵϵ͕Ϭϭϴ
ϳϴ͕ϬϮϮ
;ϰϱ͕ϳϰϮͿ
Ͳ
Ϯϯϭ͕Ϯϵϳ
Income tax expense / (benefit)
ϭϳ͕ϵϬϯ
Ͳ
Ͳ
Ͳ
ϭϳ͕ϵϬϯ
Profit / (Loss) after income tax
ϭϴϭ͕ϭϭϱ
ϳϴ͕ϬϮϮ
;ϰϱ͕ϳϰϮͿ
Ͳ
Ϯϭϯ͕ϯϵϰ
Segment assets
ϭϮ͕ϰϬϵ͕Ϯϯϱ
ϰϲϭ͕ϬϮϬ
Ϯϭϰ͕ϴϳϱ
;Ϯ͕ϱϱϳ͕ϮϱϲͿ
ϭϬ͕ϱϮϳ͕ϴϳϱ
Segment liabilities
;ϭ͕ϬϮϮ͕ϱϳϯͿ
;Ϯ͕ϱϬϭ͕ϰϮϳͿ
;ϯϴϴ͕ϳϯϳͿ
Ϯ͕ϴϲϮ͕ϭϬϰ
;ϭ͕ϬϱϬ͕ϲϯϯͿ
^ĞŐŵĞŶƚƉĞƌĨŽƌŵĂŶĐĞ
zĞĂƌĞŶĚĞĚϯϬ:ƵŶĞϮϬϮϯ
KDΘ
ŝƐƚƌŝďƵƚŽƌƐ
ĂƚĂŽƚE
ĂƚĂdƌĂĐĞ/
ŝƌĞĐƚƚŽ
ƵƐŝŶĞƐƐΘ
ŽŶƐƵŵĞƌ
/ŶƚĞƌͲ^ĞŐŵĞŶƚ
ĞůŝŵŝŶĂƚŝŽŶƐ
dŽƚĂů
Ψ
Ψ
Ψ
Ψ
Ψ
Revenue from external customers
2,283,225
257,461
152,346
-
2,693,031
31,862
262
-
(32,124)
Ͳ
Total revenue
2,315,086
257,723
152,346
(32,124)
2,693,031
Gross profit
1,433,737
213,729
70,428
-
1,717,894
EBITDA
257,288
50,576
(53,441)
-
254,423
(182,273)
(20,852)
(23,579)
-
(226,704)
Intangibles Impairment
(16,072)
-
-
-
(16,072)
Finance costs
58,942
29,724
(77,019)
-
11,647
Income tax expense
127,016
-
-
-
127,016
Profit / (Loss) after income tax
(68,074)
29,724
(77,019)
-
(115,369)
Segment assets
12,234,959
317,884
209,275
(2,554,854)
10,207,264
Segment liabilities
(909,904)
(2,436,314)
(337,394)
2,745,648
(937,963)
ĨŽƌƚŚĞLJĞĂƌĞŶĚĞĚϯϬ:ƵŶĞϮϬϮϰ
The following tables present the revenue, profit / (loss) after tax, assets and liabilities information regarding operating segments for years ended 30 June 2024 and
30 June 2023.
Depreciation and amortisation
Intersegment sales
Profit / (Loss) before income tax
Intersegment sales
Depreciation and amortisation
DataDot Technology Limited
Annual Report 2024
Page 28 of 54
EŽƚĞƐƚŽƚŚĞ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ
Ϯ
^ĞŐŵĞŶƚ/ŶĨŽƌŵĂƚŝŽŶ;ĐŽŶƚŝŶƵĞĚͿ
'ĞŽŐƌĂƉŚŝĐƐĞŐŵĞŶƚƐ
DĂũŽƌĐƵƐƚŽŵĞƌƐ
KDΘ
ŝƐƚƌŝďƵƚŽƌƐ
ĂƚĂŽƚE
ĂƚĂdƌĂĐĞ/
ŝƌĞĐƚƚŽ
ƵƐŝŶĞƐƐΘ
ŽŶƐƵŵĞƌ
dŽƚĂů
$
$
$
$
363,084
3,178
114,955
481,217
1,192,007
192,115
-
1,384,122
Rest of the World
1,066,649
52,505
-
1,119,154
2,621,740
247,798
114,955
2,984,493
2,621,740
247,798
114,955
2,984,493
-
-
-
-
2,621,740
247,798
114,955
2,984,493
KDΘ
ŝƐƚƌŝďƵƚŽƌƐ
ĂƚĂŽƚE
ĂƚĂdƌĂĐĞ/
ŝƌĞĐƚƚŽ
ƵƐŝŶĞƐƐΘ
ŽŶƐƵŵĞƌ
dŽƚĂů
$
$
$
$
403,903
46,862
154,113
604,877
917,940
178,982
-
1,096,922
Rest of the World
967,446
23,786
-
991,231
2,289,289
249,630
154,113
2,693,031
2,289,289
249,630
154,113
2,693,031
-
-
-
-
2,289,289
249,630
154,112.66
2,693,031
ĨŽƌƚŚĞLJĞĂƌĞŶĚĞĚϯϬ:ƵŶĞϮϬϮϰ
Europe
Timing of revenue recognition
Point in time
Over time
DataDot has a number of customers to which it provides both products and services. In Australasia, one customer accounts for 12% of total revenue (2023 : 13%), in
Europe one customer accounts for 21% of total revenue (2023 : 13%) while a second customer accounts for 10% of total revenue (2023: 8%), in the Americas one
customer accounts for 21% of total revenue (2023 : 20%) and in DataTraceID one customer accounts for 5% total revenue (2023 : 5%).
ŝƐĂŐŐƌĞŐĂƚŝŽŶŽĨƌĞǀĞŶƵĞ
ŽŶƐŽůŝĚĂƚĞĚͲϮϬϮϯ
The Group has disaggregated revenue into various categories in the following table which is intended to:
• depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic date; and
• enable users to understand the relationship with revenue segment information provided in Note 2
Australia
DataDot operates facilities in two geographical regions of Australasia and the United Kingdom. Each manufacturing facility distributes the DataDot asset
identification system. The tables below show revenues earned in each geographic region.
Europe
Australia
ŽŶƐŽůŝĚĂƚĞĚͲϮϬϮϰ
'ĞŽŐƌĂƉŚŝĐĂůƌĞŐŝŽŶƐ
'ĞŽŐƌĂƉŚŝĐĂůƌĞŐŝŽŶƐ
Timing of revenue recognition
Point in time
Over time
DataDot Technology Limited
Annual Report 2024
Page 29 of 54
EŽƚĞƐƚŽƚŚĞ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ
ϯ
KƚŚĞƌ/ŶĐŽŵĞ
ϮϬϮϰ
2023
Ψ
$
Interest revenue
ϲϵ͕ϯϲϵ
41,010
Government grants:
Research and development grants *
;ϭ͕ϭϲϯͿ
38,414
Sundry income
ϮϬϮ͕ϴϵϴ
(6,064)
Ϯϳϭ͕ϭϬϱ
73,360
Research and development grant
ϰ
džƉĞŶƐĞƐ
The consolidated statement of profit and loss includes the following specific expenses:
ϮϬϮϰ
2023
Cost of sales
Ψ
$
Inventory
ϰϬϮ͕ϮϰϬ
383,767
Stock obsolescence
ϴ͕ϱϭϵ
8,963
Administration expenses
Net loss / (gain) on foreign currency
;ϲ͕ϲϴϬͿ
(66,213)
Employee benefits expenses
ϲϰϰ͕ϲϱϱ
830,207
Employee share based payment expenses
Ͳ
-
Superannuation expenses
ϱϳ͕ϳϮϳ
92,015
Research & development expenses
ϰ
1,750
Bad debt expense
ϱ͕Ϯϰϯ
Administrative expenses
ϳϱϲ͕ϵϯϬ
570,896
ϭ͕ϰϱϳ͕ϴϳϴ
1,428,654
Occupancy expenses
Minimum lease payments
Ͳ
Ͳ
ϱ
/ŶĐŽŵĞdĂdž
ϮϬϮϰ
2024
Ψ
$
;ĂͿDĂũŽƌĐŽŵƉŽŶĞŶƚƐŽĨƚĂdžĞdžƉĞŶƐĞƐ
Current income tax expense
Ͳ
-
Deferred Income Tax
ϭϰϵ͕ϯϵϳ
115,392
Withholding tax
ϵ͕ϲϬϬ
11,624
Income tax expense
ϭϱϴ͕ϵϵϳ
127,016
Profit / (Loss) before income tax expense
Ϯϯϭ͕Ϯϵϳ
11,647
ϱϳ͕ϴϮϰ
2,912
Income not subject to tax
ϯϲ
(9,388)
Research and development expenditure added back
Ͳ
22,077
Expenditure not allowable
;ϲϴϬͿ
6,922
Other timing differences
ϰϰ͕ϴϳϮ
2,773
Tax losses deducted - Australian Group
;ϭϭϰ͕ϬϳϲͿ
(78,891)
Tax losses and tax offsets not recognised as deferred tax assets
Ϯ͕ϱϯϭ
12,534
Foreign tax rate adjustment
ϵ͕ϳϵϳ
41,062
Deferred Income Tax
ϭϰϵ͕Ϭϵϯ
115,392
Withholding tax
ϵ͕ϲϬϬ
11,624
Aggregate income tax expense
ϭϱϴ͕ϵϵϳ
127,016
;ĐͿ ZĞĐŽŐŶŝƐĞĚĚĞĨĞƌƌĞĚƚĂdžĂƐƐĞƚƐĂŶĚůŝĂďŝůŝƚŝĞƐ
Opening balance
ϱ͕ϰϴϵ͕Ϯϭϱ
5,701,507
Deferred tax asset credited to income
;ϭϭϰ͕ϬϳϲͿ
(54,337)
Deferred tax asset credited to equity
ϯϳ͕ϭϴϳ
(96,900)
Tax losses used by Australian Group
;ϰϳ͕ϲϲϯͿ
(78,891)
Under-provision of Tax Losses used by Australian Group
;Ϯϰ͕ϱϰϬͿ
(88,261)
Temporary difference brought into account (Australian Group)
Ͳ
106,097
Closing balance
ϱ͕ϯϰϬ͕ϭϮϯ
5,489,215
ĨŽƌƚŚĞLJĞĂƌĞŶĚĞĚϯϬ:ƵŶĞϮϬϮϰ
The research and development grants receivable from the Australian government are recognised in the statement of financial position as an asset when the grant is
reasonably certain.
The research and development grants received from the Australian government are classified as deferred income and released to other income in line with the
amortisation of the capitalised or expensed costs to which the grant relates.
;ďͿdŚĞƉƌŝŵĂĨĂĐŝĞƚĂdžŽŶůŽƐƐďĞĨŽƌĞŝŶĐŽŵĞƚĂdžŝƐƌĞĐŽŶĐŝůĞĚƚŽƚŚĞŝŶĐŽŵĞƚĂdžĞdžƉĞŶƐĞĂƐĨŽůůŽǁƐ͗
Net profit / (loss) before income tax expense at the statutory income tax rate of 25% (2022 25%)
ĐĐŽƵŶƚŝŶŐƚƌĞĂƚŵĞŶƚ
* There are no unfulfilled conditions or contingencies attached to the grants.
-
DataDot Technology Limited
Annual Report 2024
Page 30 of 54
EŽƚĞƐƚŽƚŚĞ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ
ϱ
/ŶĐŽŵĞdĂdž;ĐŽŶƚŝŶƵĞĚͿ
ĞĨĞƌƌĞĚƚĂdžĂƐƐĞƚƐĂŶĚůŝĂďŝůŝƚŝĞƐ
ϮϬϮϰ
2023
Deferred income tax at 30 June relates to the following :
Ψ
$
Deferred tax liabilities
Deposits & Unearned Income
;ϯϮ͕ϳϱϳͿ
(6,271)
Plant and equipment
;ϰϲ͕ϭϮϬͿ
(48,066)
Employee Share Reserve
;ϵϲ͕ϵϬϬͿ
(96,900)
Gross deferred tax liabilities
;ϭϳϱ͕ϳϳϳͿ
(151,237)
Deferred tax assets
Carried Forward Losses
ϱ͕ϯϯϳ͕ϵϰϰ
5,493,725
Tax losses used by Australian Group
Ͳ
(78,891)
Provisions
ϯϴ͕ϰϰϳ
26,391
Accruals
ϯϬ͕ϵϱϱ
29,722
Leases
ϱϱ͕Ϭϭϰ
93,048.68
Doubtful debts and obsolescence
ϰϭ͕ϳϭϮ
40,301
Other timing differences
ϭϭ͕ϴϮϳ
36,155
Gross deferred tax assets
ϱ͕ϱϭϱ͕ϴϵϵ
5,640,452
Net deferred tax assets brought to account
;ϱ͕ϯϰϬ͕ϭϮϯͿ
(5,489,215)
Net deferred tax assets not brought to account
Ͳ
Ͳ
ĐĐŽƵŶƚŝŶŐƚƌĞĂƚŵĞŶƚ
There is no deferred tax liabilities in other tax jurisdictions.
Tax consolidation
ϮϬϮϰ
2023
ϲ
ƵĚŝƚŽƌƐΖZĞŵƵŶĞƌĂƚŝŽŶ
Ψ
$
The auditor of DataDot Technology Limited is AMW (Audit) Pty Limited (2023: AMW (Audit) Pty Limited)
Amounts paid or payable for audit services by AMW (Audit) Pty Limited (2023: AMW (Audit) Pty Limited):
ϳϱ͕ϬϬϬ
75,000
ϳϱ͕ϬϬϬ
75,000
DataDot Technology Limited has not entered into any tax funding agreements with the tax consolidated entities.
ĨŽƌƚŚĞLJĞĂƌĞŶĚĞĚϯϬ:ƵŶĞϮϬϮϰ
DataDot Technology Limited and its wholly owned Australian controlled entities implemented the tax consolidated legislation as of 1 July 2003.
The head entity, DataDot Technology Limited and the controlled entities in the tax consolidated group continue to account for their own current and deferred tax
amounts. As DataDot is in a cumulative tax loss position, DataDot has not applied the group allocation approach in determining the appropriate amount of current
taxes and deferred taxes to allocate to members of the tax consolidated group.
The potential deferred tax assets arising from unused tax losses and temporary differences have only been recognised where it is probable that the future taxable
profit will be available against which tax losses can be utilised. Deferred tax assets currently recognised relates to DataDot Technology Limited, DataDot Technology
(Australia) Limited and DataTraceID Pty Limited where future taxable profit is expected. Deferred tax assets and liabilities are measured at the tax rates that are
expected to apply to the period when the asset is realised or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively
enacted by the end of the reporting period.
An audit or review of the financial statements
In addition to its own current and deferred tax amounts, DataDot Technology Limited also recognises the current tax liabilities (or assets) and the deferred tax assets
arising from unused tax losses and unused tax credits assumed from controlled entities in the tax consolidated group when it is probable that future taxable profit
will allow the deferred tax asset to be recovered.
Deferred tax assets are recognised for all deductible temporary differences and unused tax losses to the extent that it is probable that taxable profit will be available
against which the deductible temporary differences and losses can be utilised.
Current and deferred tax is recognised as income or an expense and included in profit or loss for the period except where the tax arises from a transaction which is
recognised in other comprehensive income or equity, in which case the tax is recognised in other comprehensive income or equity respectively.
DataDot Technology Limited
Annual Report 2024
Page 31 of 54
EŽƚĞƐƚŽƚŚĞ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ
ϳ
ŝǀŝĚĞŶĚƐ
No dividends declared or paid during the year. No franking credits are available.
ϴ
ĂƌŶŝŶŐƐWĞƌ^ŚĂƌĞ
ϮϬϮϰ
2023
Ψ
$
Basic earnings / (loss) per share (cents per share)
Ϭ͘ϬϬϲ
(0.009)
Diluted earnings / (loss) per share (cents per share)
Ϭ͘ϬϬϲ
(0.009)
Net profit / (loss) after income tax expense used in calculating profit / (loss) per share
ϳϮ͕ϯϬϬ
(115,370)
Weighted average number of shares :
EŽ
No
Weighted average number of shares used in calculating basic and diluted earnings per share
ϭ͕ϮϭϬ͕ϵϱϮ͕ϳϴϯ
1,229,800,966
Adjustments for calculation of diluted earnings per share
Ͳ
-
Adjusted weighted average number of shares
ϭ͕ϮϭϬ͕ϵϱϮ͕ϳϴϯ
1,229,800,966
Shares and share rights issued subsequent to end of the year :
Nil.
Diluted earnings per share
ϵ
ĂƐŚĂŶĚĂƐŚƋƵŝǀĂůĞŶƚƐ
ϮϬϮϰ
2023
Reconciliation of cash
Ψ
$
Cash at bank and on hand
ϭ͕ϵϵϵ͕ϭϮϱ
2,117,501
ϭ͕ϵϵϵ͕ϭϮϱ
2,117,501
ĂƐŚ&ůŽǁ/ŶĨŽƌŵĂƚŝŽŶ
Reconciliation of profit after tax to net cash from operations :
Profit / (Loss) after income tax expense for the year
ϳϮ͕ϯϬϬ
(115,370)
Add/(less) items classified as investing/financing activities:
Interest received
;ϲϵ͕ϯϲϵͿ
(33,193)
Increase / Decrease in Shares Issued
Ͳ
-
Add/(less) non-cash items:
Depreciation, amortisation and impairment
Ϯϱϯ͕ϵϭϬ
226,704
Gain on disposal of plant and equipment
;ϭϭ͕ϬϬϬͿ
-
Revaluation of financial liability
Ͳ
-
Share based payments
Ͳ
-
Impairment for doubtful accounts
Ͳ
-
Changes in assets and liabilities :
(Increase)/ Decrease in trade and other receivables
;ϮϬϱ͕ϮϯϳͿ
(35,990)
(Increase) / Decrease in deferred tax
ϭϰϵ͕ϬϵϮ
(96,900)
(Increase) / Decrease in inventories
;ϳ͕ϬϬϰͿ
(60,233)
(Increase) / Decrease in grant receivable
ϯϰ͕ϱϴϵ
100,170
Increase / (Decrease) in trade and other payables
;ϯϰ͕ϯϵϳͿ
(132,638)
Increase / (Decrease) in current tax liabilities
ϰϱ
1,250
Increase / (Decrease) in other liabilities
ϭϬϱ͕ϵϬϭ
(183,387)
Increase / (Decrease) in employee benefits
ϰϭ͕ϭϮϬ
19,923
EĞƚĐĂƐŚĞĂƌŶĞĚͬ;ƵƐĞĚͿŝŶŽƉĞƌĂƚŝŶŐĂĐƚŝǀŝƚŝĞƐ
ϯϮϵ͕ϵϱϬ
(309,664)
Share rights and options issued to shareholders and related parties are considered to be potential ordinary shares and have been considered in determination of
diluted earnings per share. The calculation of diluted earnings per share assumes conversion, exercise or other issue of potential ordinary shares that would have a
dilutive effect on earnings per share.
Cash and cash equivalents comprises cash on hand, demand deposits and short-term investments with original maturities of three months or less which are readily
convertible to known amounts of cash and which are subject to an insignificant risk of change in value.
Cash at the end of the financial year shown in the consolidated statement of cash flows is reconciled as follows :
ĨŽƌƚŚĞLJĞĂƌĞŶĚĞĚϯϬ:ƵŶĞϮϬϮϰ
DataDot Technology Limited
Annual Report 2024
Page 32 of 54
EŽƚĞƐƚŽƚŚĞ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ
ϭϬ
&ŝŶĂŶĐŝĂůƐƐĞƚƐ
ϮϬϮϰ
2023
Ψ
$
Term Deposits
ϭ͕ϮϱϬ͕ϬϬϬ
750,000
ϭϭ
dƌĂĚĞĂŶĚKƚŚĞƌZĞĐĞŝǀĂďůĞƐ
ϮϬϮϰ
2024
Ψ
$
Trade receivables
ϳϳϮ͕ϯϮϲ
569,806
Provision for impairment
;ϭϴϳ͕ϲϱϯͿ
(182,664)
ϱϴϰ͕ϲϳϰ
387,142
Prepayments
ϭϭϳ͕ϬϲϮ
136,267
Other receivables
Ͳ
-
ϳϬϭ͕ϳϯϱ
523,409
/ŵƉĂŝƌŵĞŶƚŽĨƌĞĐĞŝǀĂďůĞƐ
ϯϬ:ƵŶĞϮϬϮϰ
Current
< 30 days
overdue
< 60 days
overdue
< 90 days
overdue
> 90 days
overdue
Total
Expected loss rate (%)
Ϭ͘ϬϬй
Ϭ͘ϬϬй
Ϭ͘ϬϬй
Ϭ͘ϬϬй
ϵϵ͘ϳϲй
Ϯϰ͘ϯϬй
Gross carrying amount ($)
ϯϲϯ͕ϯϳϭ
ϮϬϲ͕ϯϱϲ
ϭϬ͕ϯϭϲ
ϰ͕ϭϳϱ
ϭϴϴ͕ϭϬϵ
ϳϳϮ͕ϯϮϲ
ECL provision
Ͳ
Ͳ
Ͳ
Ͳ
ϭϴϳ͕ϲϱϯ
ϭϴϳ͕ϲϱϯ
ϯϬ:ƵŶĞϮϬϮϯ
Expected loss rate (%)
0.00%
0.00%
0.00%
0.00%
91.17%
32.06%
Gross carrying amount ($)
275,590
89,701
3,954
210
200,352
569,806
ECL provision
-
-
-
-
182,664
182,664
Reconciliation of changes in the provision for impairment of receivables is as follows:
ϮϬϮϰ
2023
Ψ
$
Balance at beginning of the year (calculated in accordance with AASB 139)
ϭϴϮ͕ϲϲϰ
170,807
Amount restated through opening retained earnings on adoption of AASB 9
Ͳ
-
Opening impairment allowance calculated under AASB 9
ϭϴϮ͕ϲϲϰ
170,807
Additional impairment loss recognised
Ͳ
-
Amounts written off as uncollectible
Ͳ
-
Movement through provision
ϰ͕ϵϴϵ
11,857
Balance at end of the year
ϭϴϳ͕ϲϱϯ
182,664
ĨŽƌƚŚĞLJĞĂƌĞŶĚĞĚϯϬ:ƵŶĞϮϬϮϰ
The Group measures the loss allowance for trade receivables at an amount equal to lifetime expected credit loss (ECL). The ECL on trade receivables are estimated
using a provision matrix by reference to past default experience of the debtor and an analysis of the debtor’s current financial position, adjusted for factors that are
specific to the debtors, general economic conditions of the industry in which the debtors operate and an assessment of both the current as well as the forecast
direction of conditions at the reporting date.
The Group applies the simplified approach to providing for expected credit losses prescribed by AASB 9, which permits the use of the lifetime expected loss
provision for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the
days past due. The loss allowance provision as at 30 June 2024 is determined as follows, the expected credit losses incorporate forward looking information.
There has been no change in the estimation techniques or significant assumptions made during the current reporting period.
The Group writes off a trade receivable when there is information indicating that the debtor is in severe financial difficulty and there is no realistic prospect of
recovery, e.g. when the debtor has been placed under liquidation or has entered into bankruptcy proceedings or when the trade receivables are over 2 years past
due, whichever occurs first.
DataDot Technology Limited
Annual Report 2024
Page 33 of 54
EŽƚĞƐƚŽƚŚĞ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ
ϭϮ
/ŶǀĞŶƚŽƌŝĞƐ
ϮϬϮϰ
2023
Ψ
$
Raw materials
Ϯϵϵ͕ϬϮϲ
253,411
Finished goods
ϭϳϵ͕ϲϰϯ
199,049
Goods in transit
Ͳ
-
Inventory
ϰϳϴ͕ϲϲϵ
452,460
ĐĐŽƵŶƚŝŶŐƚƌĞĂƚŵĞŶƚ
Costs incurred in bringing each product to its present location and condition are accounted for as follows :
Raw materials – purchase cost on either the weighted average cost or on first-in, first-out basis; and
ϭϯ
WůĂŶƚĂŶĚƋƵŝƉŵĞŶƚ
ϮϬϮϰ
2023
Ψ
$
Plant and equipment - at cost
'Plant and equipment - at cost
Ϯ͕Ϭϴϴ͕ϲϴϭ
2,081,369
Accumulated depreciation
'Plant and equipment - at cost
;ϭ͕ϴϭϰ͕ϴϬϲͿ
(1,768,924)
Total owned plant and equipment
Ϯϳϯ͕ϴϳϱ
312,445
Plant and equipment under lease
Leased Plant & Equipment
ϮϬϱ͕ϭϲϴ
205,212
Accumulated depreciation
Leased Plant & Equipment
;ϮϬϭ͕ϴϬϰͿ
(191,524)
Total plant and equipment under lease
ϯ͕ϯϲϰ
13,688
Leasehold improvements - at cost
Leasehold Improvements
ϲϬϮ͕ϰϰϳ
587,034
Accumulated depreciation
Leasehold Improvements
;Ϯϴϰ͕ϵϳϰͿ
(87,788)
Total leasehold improvements
ϯϭϳ͕ϰϳϯ
499,246
ϱϵϰ͕ϳϭϯ
825,380
Movements in carrying amounts
Owned Plant and
Equipment
Plant and
Equipment
under lease
Leasehold
Improvements
Totals
Ψ
Ψ
Ψ
Ψ
Balance as at 1 July 2022
324,537
22,931
79,075
426,543
Additions
36,536
-
586,070
622,606
Disposals
-
-
-
-
Depreciation expense for the year
(50,210)
(9,970)
(166,613)
(226,792)
Exchange adjustments
1,583
727
713
3,023
Balance at 30 June 2023
312,445
13,688
499,246
825,380
Additions
ϵ͕ϬϰϬ
Ͳ
ϭϱ͕ϱϴϲ
Ϯϰ͕ϲϮϲ
Disposals
;ϭ͕ϱϭϬͿ
Ͳ
Ͳ
;ϭ͕ϱϭϬͿ
Depreciation expense for the year
;ϰϱ͕ϴϴϮͿ
;ϭϬ͕ϮϴϬͿ
;ϭϵϳ͕ϳϰϳͿ
;Ϯϱϯ͕ϵϬϵͿ
Exchange adjustments
;ϮϭϴͿ
;ϰϰͿ
ϯϴϴ
ϭϮϲ
Balance at 30 June 2024
Ϯϳϯ͕ϴϳϱ
ϯ͕ϯϲϰ
ϯϭϳ͕ϰϳϯ
ϱϵϰ͕ϳϭϯ
ĐĐŽƵŶƚŝŶŐƚƌĞĂƚŵĞŶƚ
Depreciation
Derecognition
Any gain or loss arising on derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is
included in profit or loss in the year the asset is derecognised.
An item of plant and equipment is derecognised upon disposal or when no further future economic benefits are expected from its use or disposal.
Each class of property, plant and equipment is carried at cost less, where applicable, any accumulated depreciation and impairment.
Depreciation is calculated over the useful life of the asset using a combination of straight-line basis and diminishing value method. The estimated useful lives of
office equipment is over 4 years, plant and equipment over 10 years and leasehold improvements over 10 years.
The assets' residual values, useful lives and amortisation methods are reviewed, and adjusted if appropriate, at each financial year end.
Net realisable value is the estimated selling price in the ordinary course of business, less estimated costs of completion and the estimated costs necessary to make
the sale. Inventory is written down through an obsolescence provision if necessary.
Inventories including raw materials and finished goods are valued at the lower of cost and net realisable value.
Finished goods – cost of direct materials and labour and a proportion of variable and fixed manufacturing overheads based on normal
operating capacity. Costs are assigned on the basis of weighted average costs.
ĨŽƌƚŚĞLJĞĂƌĞŶĚĞĚϯϬ:ƵŶĞϮϬϮϰ
DataDot Technology Limited
Annual Report 2024
Page 34 of 54
EŽƚĞƐƚŽƚŚĞ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ
ϭϰ
dƌĂĚĞĂŶĚKƚŚĞƌWĂLJĂďůĞƐ
ϮϬϮϰ
2023
Ψ
$
Trade payables
Trade payables
ϮϰϬ͕ϳϵϭ
69,188
Sundry creditors and accruals
Sundry creditors and accruals
Ϯϭϳ͕Ϯϱϳ
226,328
Other taxes payable
-
-
ϰϱϴ͕Ϭϰϴ
295,516
Goods and services tax (GST)
ϭϱ
ŵƉůŽLJĞĞĞŶĞĨŝƚƐ
ϮϬϮϰ
2023
ƵƌƌĞŶƚ
Ψ
$
Employee benefits
Employee Benefits - Current
ϭϯϮ͕ϴϵϰ
98,970
EŽŶƵƌƌĞŶƚ
Employee benefits
Employee benefits - NC
ϭϯ͕ϳϵϬ
6,595
Employee benefits
Aggregate employee benefits provision :-
Balance at beginning of the year
ϭϬϱ͕ϱϲϱ
85,640
Additional provisions
ϲϭ͕ϳϭϮ
67,167
Amount used
;ϮϬ͕ϱϵϮͿ
(47,242)
Balance at end of the year
ϭϰϲ͕ϲϴϰ
105,565
(i) Wages, salaries and annual leave
(ii)
Long service leave
ĨŽƌƚŚĞLJĞĂƌĞŶĚĞĚϯϬ:ƵŶĞϮϬϮϰ
Trade and other payables are unsecured, non-interest bearing and are normally settled within 30 days. The carrying value of trade and other payables is considered
a reasonable approximation of fair value due to the short-term nature of the balances.
ĐĐŽƵŶƚŝŶŐƚƌĞĂƚŵĞŶƚ
The financial liabilities of the Group comprise trade payables.
Receivables and payables are stated inclusive of GST.
Revenue, expenses and assets are recognised net of the amount of goods and services tax (GST), except where the amount of GST incurred is not recoverable from
the Australian Taxation Office (ATO).
The Group measures all financial liabilities initially at fair value less transaction costs, subsequently financial liabilities are measured at amortised cost using the
effective interest rate method.
^ŚŽƌƚͲƚĞƌŵĂŶĚŽƚŚĞƌůŽŶŐͲƚĞƌŵĞŵƉůŽLJĞĞďĞŶĞĨŝƚƐ
Cash flows in the Statement of financial position are included on a gross basis and the GST component of cash flows arising from investing and financing activities
which is recoverable from, or payable to, the taxation authority is classified as operating cash flows.
The current provision for all employee benefits includes all unconditional entitlements where employees have completed the required period of service. The amount
is presented as current since the consolidated entity does not have unconditional right to defer settlement. However based on past experience, the consolidated
entity does not expect all employees to take the full amount of accrued annual and long service leave within the next twelve months.
A liability is recognised for benefits accruing to employees in respect of wages and salaries and annual leave in the period in which the related service is rendered at
the undiscounted amount of the benefits expected to be paid in exchange for that service.
Liabilities recognised in respect of short term employee benefits are measured at the undiscounted amount of the benefits expected to be paid in exchange for the
related service.
Liabilities for wages and salaries, including non-monetary benefits and annual leave expected to be settled within 12 months of the reporting date are recognised in
provisions in respect of employees’ service up to the reporting date. They are measured at the amounts expected to be paid when the liabilities are settled.
The liability for long service leave is recognised and measured as the present value of expected future payments to be made in respect of services provided by
employees up to the reporting date using the projected unit credit method. Consideration is given to expected future wage and salary levels, experience of
employee departures, and periods of service. Expected future payments are discounted using market yields at the reporting date on high quality Australian
corporate bonds with terms to maturity and currencies that match, as closely as possible, the estimated future cash outflows.
ĐĐŽƵŶƚŝŶŐƚƌĞĂƚŵĞŶƚ
DataDot Technology Limited
Annual Report 2024
Page 35 of 54
EŽƚĞƐƚŽƚŚĞ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ
ϭϲ
WƌŽǀŝƐŝŽŶƐ
ϮϬϮϰ
2023
Ψ
$
ƵƌƌĞŶƚ
Other provisions
ϳ͕ϭϬϱ
7,105
ϳ͕ϭϬϱ
7,105
Other provisions
ϭϳ
KƚŚĞƌ>ŝĂďŝůŝƚŝĞƐ
ϮϬϮϰ
2023
ƵƌƌĞŶƚ
Ψ
$
Deferred income
ϭϭϰ͕ϭϵϯ
8,247
Revenue received in advance
ϭϲ͕ϴϯϳ
16,837
Other Current Liabilities
ϭϵϲ͕ϮϮϮ
199,202
ϯϮϳ͕ϮϱϮ
224,286
EŽŶͲƵƌƌĞŶƚ
Other liabilities
ϮϬ
20.00
Property and Equipment Leases
ϭϭϭ͕ϱϮϯ
305,472
ϭϭϭ͕ϱϰϯ
305,492
ϭϴ
/ƐƐƵĞĚĐĂƉŝƚĂů
ϮϬϮϰ
ϮϬϮϰ
2023
2023
EŽ
Ψ
No
$
Issued capital at beginning of financial period
ϭ͕ϮϭϬ͕ϵϱϮ͕ϳϴϯ
ϰϭ͕ϰϭϱ͕Ϯϵϱ
1,243,869,466
41,612,795
Less Shares Cancelled during the year:
Unmarketable Parcel Share Buy-back
Ͳ
Ͳ
(32,916,683)
(197,500)
Shares issued or under issue during the year :
Ͳ
Ͳ
-
-
Shares under the Rights Issue
Ͳ
Ͳ
-
-
Share issue costs
Ͳ
Ͳ
-
-
Ͳ
Ͳ
-
-
Issued capital at the end of the financial period
ϭ͕ϮϭϬ͕ϵϱϮ͕ϳϴϯ
ϰϭ͕ϰϭϱ͕Ϯϵϱ
ϭ͕ϮϭϬ͕ϵϱϮ͕ϳϴϯ
ϰϭ͕ϰϭϱ͕Ϯϵϱ
Ordinary shares
Capital Management
Issued capital
Share placement
There is no current on-market share buy-back.
ĐĐŽƵŶƚŝŶŐƚƌĞĂƚŵĞŶƚ
ĨŽƌƚŚĞLJĞĂƌĞŶĚĞĚϯϬ:ƵŶĞϮϬϮϰ
Provisions are recognised when DataDot has a present obligation (legal or constructive) when, as a result of a past event, it is probable that an outflow of resources
embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation.
A provision of $7,105 (2023 : $7,105) estimating potential amounts payable under an agreement with an Australian motor vehicle distributor where DataDot has
agreed to remit the theft excess (to a maximum of $800) payable by automobile owners in the event that vehicles are stolen and remain unrecovered (subject to
conditions) is included in Other Provisions.
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares or options are shown in equity as a deduction, net of tax,
from the proceeds.
Ordinary shares entitle the holder to participate in dividends and the proceeds on the winding up of the company in proportion to the number of and amounts paid
on the shares held. The fully paid ordinary shares have no par value and the company does not have a limited amount of authorised capital. On a show of hands
every member present at a meeting in person or by proxy shall have one vote and upon a poll each share shall have one vote.
Vested share rights issued during the year under the ESRP
When managing capital, management's objective is to ensure the entity continues as a going concern as well as to maintain optimal returns to shareholders and
benefits for other stakeholders. Management also aims to maintain a capital structure that ensures the lowest cost of capital available to the entity. The capital risk
management policy remains unchanged from 30 June 2023 Annual Report.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting date, taking into account
the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying
amount is the present value of those cash flows (when the effect of the time value of money is material).
DataDot Technology Limited
Annual Report 2024
Page 36 of 54
EŽƚĞƐƚŽƚŚĞ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ
ϭϵ
ZĞƐĞƌǀĞƐ
ϮϬϮϰ
2023
Ψ
$
Foreign currency translation reserve
;ϭϯ͕ϴϴϯͿ
(8,431)
Employee equity benefits reserve
Balance at beginning of financial year
ϮϵϬ͕ϲϵϵ
387,598
Movement in share-based payments
Ͳ
-
Deferred Tax Liability on Employee Share Reserve
Ͳ
(96,900)
Employee equity benefits reserve
ϮϵϬ͕ϲϵϵ
290,699
Other Reserves
Balance at beginning of financial year
Ͳ
Ͳ
Transfer to Accumulated Losses
Ͳ
Ͳ
Ͳ
Ͳ
dŽƚĂůZĞƐĞƌǀĞƐ
Ϯϳϲ͕ϴϭϲ
282,268
ϮϬ
ŽŵŵŝƚŵĞŶƚƐ
ϮϬϮϰ
2023
Ψ
$
KƉĞƌĂƚŝŶŐůĞĂƐĞĐŽŵŵŝƚŵĞŶƚƐ
Committed at the reporting date and recognised as liabilities, payable:
Within one year
ϭϵϲ͕ϰϳϯ
199,454
One to five years
ϭϭϭ͕ϱϮϯ
305,472
ϯϬϳ͕ϵϵϳ
504,926
Refer to note 26 for information on leases for 2024.
ZĞŵƵŶĞƌĂƚŝŽŶĐŽŵŵŝƚŵĞŶƚƐ
Minimum remuneration payments payable:
Within one year
ϴϮ͕ϬϬϬ
119,500
Ϯϭ
ŽŶƚŝŶŐĞŶƚ>ŝĂďŝůŝƚŝĞƐ
'ƵĂƌĂŶƚĞĞƐ
/ŶƐƵƌĂŶĐĞĐŽŵƉĂŶLJŝŶŝƚŝĂƚŝǀĞ
dŚĞĨƚĚĞƚĞƌƌĞŶƚƐLJƐƚĞŵƌĞďĂƚĞĐŽŶƚŝŶŐĞŶĐŝĞƐ
dĂdžƌĞůĂƚĞĚĐŽŶƚŝŶŐĞŶĐŝĞƐͲƚƌĂŶƐĨĞƌƉƌŝĐŝŶŐ
Under an agreement with an Australian motor vehicle distributor, DataDot has agreed to remit the theft excess (to a maximum of $800) payable by automobile
owners in the event that vehicles are stolen and remain unrecovered (subject to certain conditions). A provision has been made (refer Note 16 Provisions). The
estimate is based on the probability of vehicles being stolen and unrecovered and claims being made. Should these estimates prove incorrect then an adjustment
may have to be made to either increase or decrease the amount due and payable.
The foreign currency translation reserve is used to record exchange differences arising from the translation of the financial statements of foreign subsidiaries.
DataDot has issued bank guarantees of $34,375 (2023: $34,375). No liability was recognised by DataDot in relation to the bank guarantee as the fair value of the
guarantee is immaterial.
Commitments for the payment of salaries and other remuneration under long term employment contracts in existence at the reporting date but not recognised as
liabilities.
DataDot has offshore operations in the United Kingdom and has recently closed its operations in United States but retains the business which it services out of
Australia. There are intra Group transactions, which include DataDot and its subsidiaries. These transactions are on an arm's length basis and are conducted at
normal market prices and on normal commercial terms.
ĨŽƌƚŚĞLJĞĂƌĞŶĚĞĚϯϬ:ƵŶĞϮϬϮϰ
The employee equity benefits reserve is used to record the value of share based payments provided to employees, including KMP, as part of their remuneration.
Refer to Note 23.
Under a sales agreement with an insurance company, DataDot has agreed to remit the insurance policy excess on behalf of insurance policy holders who have
applied dots to their vehicles and whose vehicles have been stolen. A provision has been made (refer Note 16 Provisions). The estimate is based on the probability
of claims being made. Should these estimates prove incorrect then an adjustment may have to be made to either increase or decrease the amount due and payable.
This reserve is used to record the differences which may arise as a result of transactions with non-controlling interests that do not result in a loss of control. This
reserve has been realloacted to accumulated losses in a reserve simplication process during the year.
DataDot Technology Limited
Annual Report 2024
Page 37 of 54
EŽƚĞƐƚŽƚŚĞ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ
ϮϮ
^ƵďƐŝĚŝĂƌŝĞƐĂŶĚƐƐŽĐŝĂƚĞĚŶƚŝƚŝĞƐ
Principal place of business /
Country of Incorporation
ϮϬϮϰ
2023
Ultimate parent entity
DataDot Technology Limited
Australia
Wholly-owned subsidiaries
DataDot Technology (Australia) Pty Limited
Australia
ϭϬϬ
100
DataDot Technology USA Inc.
USA
ϭϬϬ
100
USA
ϭϬϬ
100
DataDot Technology (UK) Limited
UK
ϭϬϬ
100
UK
ϭϬϬ
100
DataTraceID Pty Limited
Australia
ϭϬϬ
100
Ϯϯ
<ĞLJDĂŶĂŐĞŵĞŶƚWĞƌƐŽŶŶĞůŝƐĐůŽƐƵƌĞƐ
Compensation
ϮϬϮϰ
2023
Remuneration of key management personnel :
Ψ
$
Short term employee benefits
ϰϭϬ͕ϳϳϱ
410,035
Post employment benefits
ϱϭ͕ϯϰϬ
78,953
ϰϲϮ͕ϭϭϱ
488,988
Ϯϰ
ZĞůĂƚĞĚWĂƌƚLJdƌĂŶƐĂĐƚŝŽŶƐ
Parent entity
DataDot Technology Limited is the parent entity.
Subsidiaries
Interests in subsidiaries are set out in Note 22.
Associated entities
Nil
Key management personnel
Disclosures relating to remuneration for key management personnel are set out in Note 23 and the remuneration report in the directors' report.
ϮϬϮϰ
2023
Ͳ
-
Ͳ
-
Ϯϰ͕Ϭϳϱ
36,056
Ͳ
Ͳ
Ͳ
1,387
Ͳ
Ͳ
Ϯϱ
&ŝŶĂŶĐŝĂůZŝƐŬDĂŶĂŐĞŵĞŶƚ
ZŝƐŬdžƉŽƐƵƌĞƐĂŶĚZĞƐƉŽŶƐĞƐ
Interest Rate Risk
DataTraceID (USA) Inc
Ownership interest %
DataTraceID Europe Limited
Interest Paid by the company on Convertible Notes
The group is not subject to any interest rate risk. Convertible notes previously issued at a fixed interest rate have been redeemed.
ĨŽƌƚŚĞLJĞĂƌĞŶĚĞĚϯϬ:ƵŶĞϮϬϮϰ
The aggregate compensation made to directors and other members of key management personnel of the consolidated entity is set out below:
Payment by the Group of Vault Licence Fees
Reimbursement of expenses incurred in the normal course of business
Amounts owing from / (to) Directors and Director Related entities at balance date: (since received)
The main risks DataDot is exposed to through its financial instruments are credit risk, liquidity risk and market risk consisting of interest rate risk and foreign
currency risk.
Rent received on premises leased by the group
DataDot's principal financial instruments comprise finance leases and cash and short-term deposits. The main purpose of these financial instruments is to raise
finance for DataDot’s operations. DataDot has various other financial assets and liabilities such as trade receivables and trade payables, which arise directly from its
operations. It is, and has been throughout the period under review, DataDot’s policy that no trading in financial instruments shall be undertaken. The main risks
arising from DataDot’s financial instruments are cash flow interest rate risk, liquidity risk, foreign currency risk and credit risk. The Board reviews and agrees policies
for managing each of these risks and they are summarised below.
Other transactions during the year are:
Amounts owing to Property Vault International Pty Ltd (since paid)
DataDot Technology Limited
Annual Report 2024
Page 38 of 54
EŽƚĞƐƚŽƚŚĞ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ
Ϯϱ
&ŝŶĂŶĐŝĂůZŝƐŬDĂŶĂŐĞŵĞŶƚ;ĐŽŶƚŝŶƵĞĚͿ
Foreign exchange risk
Price risk
DataDot's exposure to commodity price risk is minimal.
Credit risk
Liquidity risk
DĂƚƵƌŝƚLJĂŶĂůLJƐŝƐŽĨĨŝŶĂŶĐŝĂůĂƐƐĞƚƐĂŶĚůŝĂďŝůŝƚŝĞƐďĂƐĞĚŽŶŵĂŶĂŐĞŵĞŶƚΖƐĞdžƉĞĐƚĂƚŝŽŶƐ
ŽŶƐŽůŝĚĂƚĞĚĞŶƚŝƚLJϯϬ:ƵŶĞϮϬϮϰ
tŝƚŚŝŶϭzĞĂƌ
Ψ
&ŝŶĂŶĐŝĂůƐƐĞƚƐ
Cash and cash equivalents
ϭ͕ϵϵϵ͕ϭϮϱ
Trade and other receivables
ϱϴϰ͕ϲϳϰ
Grant and term deposit interest receivables
ϭϵ͕ϰϲϳ
Ϯ͕ϲϬϯ͕Ϯϲϲ
&ŝŶĂŶĐŝĂů>ŝĂďŝůŝƚŝĞƐ
Trade and other payables
ϰϱϴ͕Ϭϰϴ
EĞƚŵĂƚƵƌŝƚLJ
Ϯ͕ϭϰϱ͕Ϯϭϴ
ŽŶƐŽůŝĚĂƚĞĚĞŶƚŝƚLJϯϬ:ƵŶĞϮϬϮϯ
Within 1 Year
$
&ŝŶĂŶĐŝĂůƐƐĞƚƐ
Cash and cash equivalents
2,117,501
Trade and other receivables
387,142
Grant receivable
46,351
2,550,995
&ŝŶĂŶĐŝĂů>ŝĂďŝůŝƚŝĞƐ
Trade and other payables
295,516
EĞƚŵĂƚƵƌŝƚLJ
2,255,479
DataDot also has transactional currency exposures. Such exposure arises from sales or purchases by an operating unit in currencies other than the unit’s functional
currency. As each of the individual entities within the Group primarily transact in their own respective currency, foreign currency risk is deemed to be minimal.
ĨŽƌƚŚĞLJĞĂƌĞŶĚĞĚϯϬ:ƵŶĞϮϬϮϰ
DataDot does require its operating units to use forward currency contracts to eliminate the currency exposures on any individual transactions in excess of $100,000
for which payment is anticipated more than one month after DataDot has entered into a firm commitment for a sale or purchase. There has been no such
transaction during the year. It is DataDot's policy not to enter into forward contracts until a firm commitment is in place and to negotiate the terms of the hedge
derivatives to exactly match the terms of the hedged item to maximise hedge effectiveness.
DataDot trades only with recognised, creditworthy third parties, and as such collateral is not requested nor is it DataDot's policy to securitise its trade and other
receivables.
The risk implied from the values shown in the tables below, reflects a balanced view of cash inflows and outflows. Leasing obligations, trade payables and other
financial liabilities mainly originate from the financing of assets used in our ongoing operations such as plant and equipment and investments in working capital (e.g.
inventories and trade receivables). These assets are considered in DataDot’s overall liquidity risk.
DataDot’s objective is to maintain a balance between continuity of funding and flexibility through the use of loans, convertible notes, finance leases and hire
purchase contracts. DataDot manages liquidity risk by monitoring cash flow and maturity profiles of financial assets and liabilities.
It is DataDot's policy that all customers who wish to trade on credit terms are subject to credit verification procedures. In addition, receivable balances are
monitored on an ongoing basis with the result that DataDot's exposure to bad debts is not significant. There has been no change to credit risk since initial
recognition.
Liquidity risk arises from the financial liabilities of DataDot and DataDot’s subsequent ability to meet their obligations to repay their financial liabilities as and when
they fall due.
The effect of volatility of foreign exchange rates within expected reasonable possible movements would not be material.
As a result of significant investment in wholly-owned controlled entities in the United States and the United Kingdom, DataDot’s statement of financial position can
be affected significantly by movements in the exchange rates. DataDot does not seek to hedge this exposure.
DataDot Technology Limited
Annual Report 2024
Page 39 of 54
EŽƚĞƐƚŽƚŚĞ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ
Ϯϱ
&ŝŶĂŶĐŝĂůZŝƐŬDĂŶĂŐĞŵĞŶƚ;ĐŽŶƚŝŶƵĞĚͿ
Remaining contractual maturities
average
1 year or less
years
contractual
%
$
$
$
Ͳ
ϰϱϴ͕Ϭϰϴ
Ͳ
ϰϱϴ͕Ϭϰϴ
Ͳ
Ͳ
Ͳ
Ͳ
ϰϱϴ͕Ϭϰϴ
Ͳ
ϰϱϴ͕Ϭϰϴ
average
1 year or less
years
contractual
%
$
$
$
-
295,516
-
295,516
Ͳ
-
-
-
295,516
-
295,516
Fair value of financial instruments
Unless otherwise stated, the carrying amounts of financial instruments reflect their fair values.
Ϯϲ
>ĞĂƐĞƐ
ŽŵƉĂŶLJĂƐĂůĞƐƐĞĞ
Terms and conditions of leases
>ĞĂƐĞůŝĂďŝůŝƚŝĞƐ
< 1 year
1 - 5 years
> 5 years undiscounted
included in this
ϮϬϮϰ
$
$
$
$
$
Lease liabilities
Ϯϭϲ͕ϬϲϮ
ϭϭϵ͕Ϯϴϵ
Ͳ
ϯϯϱ͕ϯϱϭ
ϯϬϳ͕ϵϵϳ
džƚĞŶƐŝŽŶŽƉƚŝŽŶƐ
Convertible notes payable
Trade and other payables
ĨŽƌƚŚĞLJĞĂƌĞŶĚĞĚϯϬ:ƵŶĞϮϬϮϰ
Interest-bearing - fixed rate
The tables detail the Group's remaining contractual maturity for its financial instrument liabilities. The tables have been drawn up based on the undiscounted cash
flows of financial liabilities based on the earliest date on which the financial liabilities are required to be paid. The tables include both interest and principal cash
flows disclosed as remaining contractual maturities and therefore these totals may differ from their carrying amount in the statement of financial position.
ŽŶƐŽůŝĚĂƚĞĚͲϮϬϮϰ
EŽŶͲĚĞƌŝǀĂƚŝǀĞƐ
Non-interest bearing
Trade and other payables
A number of the building leases contain extension options which allow the Group to extend the lease term by up to twice the original non-cancellable period of the
At commencement date and each subsequent reporting date, the Group assesses where it is reasonably certain that the extension options will be exercised.
Information relating to the leases in place and associated balances and transactions are provided below.
The Group includes options in the leases to provide flexibility and certainty to the Group operations and reduce costs of moving premises and the extension options
The equipment leases are for various items of plant and equipment. 5 year terms commenced in July 2019 and December 2019 respectively. The lease payments are
The maturity analysis of lease liabilities based on contractual undiscounted cash flows is shown in the table below:
The Group have leases over a range of assets including land and buildings and equipment.
The term on the UK office, factory and warehouse lease commenced in June 2023 and expires in June 2028 with an option to break the lease at the end of 3 years
The initial term of the building leases for the corporate office, factory and warehouse in Brookvale expires in December 2025. They have 3 year option extension at
Total non-derivatives
Interest-bearing - fixed rate
EŽŶͲĚĞƌŝǀĂƚŝǀĞƐ
Non-interest bearing
ŽŶƐŽůŝĚĂƚĞĚͲϮϬϮϯ
Total non-derivatives
Convertible notes payable
DataDot Technology Limited
Annual Report 2024
Page 40 of 54
EŽƚĞƐƚŽƚŚĞ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ
Ϯϲ
>ĞĂƐĞƐ;ĐŽŶƚŝŶƵĞĚͿ
^ƚĂƚĞŵĞŶƚŽĨWƌŽĨŝƚŽƌ>ŽƐƐĂŶĚKƚŚĞƌŽŵƉƌĞŚĞŶƐŝǀĞ/ŶĐŽŵĞ
ϮϬϮϰ
Ψ
Interest expense on lease liabilities
ϮϬ͕ϱϰϰ
Expenses relating to leases of low-value assets
Ͳ
Amortisation of right-of-use assets
ϮϬϮ͕Ϯϲϰ
ϮϮϮ͕ϴϬϴ
^ƚĂƚĞŵĞŶƚŽĨĂƐŚ&ůŽǁƐ
Total cash outflow for leases
ϮϮϬ͕ϯϮϰ
ĐĐŽƵŶƚŝŶŐƚƌĞĂƚŵĞŶƚ
&ŽƌĐƵƌƌĞŶƚLJĞĂƌ
Lessee Accounting
The non-lease components included in the lease agreement have been separated and are recognised as an expense as incurred.
Exceptions to lease accounting
The amounts recognised in the statement of profit or loss and other comprehensive income relating to leases where the Group is a lessee are shown below:
At inception of a contract, the Group assesses whether a lease exists - i.e. does the contract convey the right to control the use of an identified asset for a period of
This involves an assessment of whether:
- The contract involves the use of an identified asset - this may be explicitly or implicitly identified within the agreement. If the supplier has a substantive
- The Group has the right to obtain substantially all of the economic benefits from the use of the asset throughout the period of use.
The right-of-use asset is measured using the cost model where cost on initial recognition comprises of the lease liability, initial direct costs, prepaid lease payments,
Where the lease liability is remeasured, the right-of-use asset is adjusted to reflect the remeasurement or is recorded in profit or loss if the carrying amount of the
The Group elected to apply the exceptions to lease accounting for both short-term leases (i.e. leases with a term of less than or equal to 12 months) and leases of
- The Group has the right to direct the use of the asset i.e. decision making rights in relation to changing how and for what purpose the asset is used.
Subsequent to initial recognition, the lease liability is measured at amortised cost using the effective interest rate method. The lease liability is remeasured whether
The right-of-use asset is depreciated over the lease term on a straight line basis and assessed for impairment in accordance with the impairment of assets
accounting policy.
The lease liability is initially measured at the present value of the remaining lease payments at the commencement of the lease. The discount rate is the rate implicit
ĨŽƌƚŚĞLJĞĂƌĞŶĚĞĚϯϬ:ƵŶĞϮϬϮϰ
At the lease commencement, the Group recognises a right-of-use asset and associated lease liability for the lease term. The lease term includes extension periods
DataDot Technology Limited
Annual Report 2024
Page 41 of 54
EŽƚĞƐƚŽƚŚĞ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ
Ϯϳ
WĂƌĞŶƚŶƚŝƚLJ/ŶĨŽƌŵĂƚŝŽŶ
^ƚĂƚĞŵĞŶƚŽĨĨŝŶĂŶĐŝĂůƉŽƐŝƚŝŽŶ
ϮϬϮϰ
2023
Ψ
$
Current assets
Ϯ͕ϳϲϯ͕ϲϴϮ
2,868,006
Non-current assets
ϱ͕ϰϲϰ͕ϳϮϲ
5,862,166
Total assets
ϴ͕ϮϮϴ͕ϰϬϴ
8,730,172
Current liabilities
ϱϱϰ͕ϵϳϬ
376,076
Non-current liabilities
ϯ͕ϱϱϭ͕ϵϭϭ
3,250,712
Total liabilities
ϰ͕ϭϬϲ͕ϴϴϭ
3,626,788
ƋƵŝƚLJ
Issued capital
ϰϭ͕ϰϭϱ͕Ϯϵϱ
41,415,295
Accumulated losses
;ϯϳ͕ϰϯϱ͕ϲϲϵͿ
(36,453,811)
Reserves
ϭϰϭ͕ϵϬϭ
141,901
Total equity
ϰ͕ϭϮϭ͕ϱϮϳ
5,103,384
^ƚĂƚĞŵĞŶƚŽĨƉƌŽĨŝƚŽƌůŽƐƐĂŶĚŽƚŚĞƌĐŽŵƉƌĞŚĞŶƐŝǀĞŝŶĐŽŵĞ
Profit / (Loss) after income tax
;ϵϴϭ͕ϴϱϳͿ
184,308
Total comprehensive income
;ϵϴϭ͕ϴϱϳͿ
184,308
WĂƌĞŶƚŶƚŝƚLJŽŵŵŝƚŵĞŶƚƐĂŶĚ'ƵĂƌĂŶƚĞĞƐ
ZĞŵƵŶĞƌĂƚŝŽŶĐŽŵŵŝƚŵĞŶƚƐ
ϮϬϮϰ
2023
Ψ
$
Minimum remuneration payments payable:
Within one year
ϴϮ͕ϬϬϬ
119,500
ŽŶƚŝŶŐĞŶƚůŝĂďŝůŝƚŝĞƐ
The parent entity had no contingent liabilities as at 30 June 2024 and 30 June 2023.
ĂƉŝƚĂůĐŽŵŵŝƚŵĞŶƚƐ
The parent entity had no capital commitments for plant and equipment as at 30 June 2024 and 30 June 2023.
^ŝŐŶŝĨŝĐĂŶƚĂĐĐŽƵŶƚŝŶŐƉŽůŝĐŝĞƐ
Ϯϴ
ǀĞŶƚƐĂĨƚĞƌƚŚĞƌĞƉŽƌƚŝŶŐƉĞƌŝŽĚ
The accounting policies of the parent entity are consistent with those of the consolidated entity as disclosed throughout the report.
- The Group has secured and commenced a trial with a Tier 1 insurance company on 13 August 2024, that involves the uploading of details of stolen assets onto
PropertyVAULT for recovery services.
Other than the matters discussed below, no matter or circumstance has arisen since 30 June 2024 that has significantly affected, or may significantly affect the
operations of the Group, the results of it's operations or the state of affairs in future financial years.
ĨŽƌƚŚĞLJĞĂƌĞŶĚĞĚϯϬ:ƵŶĞϮϬϮϰ
Commitments for the payment of salaries and other remuneration under long term employment contracts in existence at the
reporting date but not recognised as liabilities.
The following information has been extracted from the books and records of the parent, DataDot Technology Limited and has been prepared in accordance with
Accounting Standards.
DataDot has issued a bank guarantee of $34,375 (2023: $34,375). No liability was recognised by DataDot in relation to the bank guarantee as the fair value of the
guarantee is immaterial.
DataDot Technology Limited
Annual Report 2024
Page 42 of 54
EŽƚĞƐƚŽƚŚĞ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ
Ϯϵ
^ƵŵŵĂƌLJŽĨŽƚŚĞƌŵĂƚĞƌŝĂůĂĐĐŽƵŶƚŝŶŐƉŽůŝĐŝĞƐ
;ĂͿ WĂƌĞŶƚĞŶƚŝƚLJŝŶĨŽƌŵĂƚŝŽŶ
;ďͿ WƌŝŶĐŝƉůĞƐŽĨĐŽŶƐŽůŝĚĂƚŝŽŶ
Profits / Losses are attributed to the non-controlling interest even if that results in a deficit balance.
;ĐͿ &ŽƌĞŝŐŶĐƵƌƌĞŶĐLJƚƌĂŶƐůĂƚŝŽŶ
&ƵŶĐƚŝŽŶĂůĂŶĚƉƌĞƐĞŶƚĂƚŝŽŶĐƵƌƌĞŶĐLJ
The functional currencies of the overseas subsidiaries are:
Name of overseas subsidiaries
Functional currency
DataDot Technology USA Inc
United States Dollar (US$)
DataDot Technology (UK) Ltd
Great Britain Pound (£)
dƌĂŶƐĂĐƚŝŽŶƐĂŶĚďĂůĂŶĐĞƐ
dƌĂŶƐůĂƚŝŽŶŽĨ'ƌŽƵƉŽŵƉĂŶŝĞƐĨƵŶĐƚŝŽŶĂůĐƵƌƌĞŶĐLJƚŽƉƌĞƐĞŶƚĂƚŝŽŶĐƵƌƌĞŶĐLJ
As at the reporting date the assets and liabilities of these subsidiaries are translated into the presentation currency of DataDot Technology Limited at the rate of
exchange ruling at the statement of financial position date and their statements of comprehensive income are translated at the average exchange rate for the year.
The acquisition of subsidiaries is accounted for using the acquisition method of accounting. A change in ownership interest results in an adjustment between the
carrying amounts of the controlling interest and non-controlling interests to reflect their relative interests in the subsidiary. Any difference between the amount of
the adjustment to non-controlling interests and the consideration paid or received is recognised as a separate reserve within equity attributable to owners of
DataDot Technology Limited.
Subsidiaries are fully consolidated from the date on which control is obtained by DataDot and cease to be consolidated from the date on which control is transferred
from DataDot.
The financial statements of the subsidiaries are prepared for the same reporting period as the parent company, using consistent accounting policies. In preparing
the consolidated financial statements, all intercompany balances and transactions, income and expenses and profit and losses resulting from intra-group
transactions have been eliminated in full.
ĨŽƌƚŚĞLJĞĂƌĞŶĚĞĚϯϬ:ƵŶĞϮϬϮϰ
The results of the overseas subsidiaries are translated into Australian dollars (presentation currency) as at the date of each transaction. Assets and liabilities are
translated at exchange rates prevailing at reporting date.
Exchange variations resulting from the translation are recognised in the foreign currency translation reserve in equity. These variations are recognised in the
statement of comprehensive income in the period.
Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rate as at the date of the initial
transaction. Non-monetary items measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was
determined.
In accordance with the Corporations Act 2001, these financial statements present the results of the consolidated entity only. Supplementary information about the
parent entity is disclosed in Note 27.
Transactions in foreign currencies are initially recorded in the functional currency by applying the exchange rates ruling at the date of the transaction. Monetary
assets and liabilities denominated in foreign currencies are retranslated at the rate of exchange ruling at balance date.
Where the consolidated entity loses control over a subsidiary, it derecognises the assets including goodwill, liabilities and non-controlling interest in the subsidiary
together with any cumulative translation differences recognised in equity. The consolidated entity recognises the fair value of the consideration received and
the fair value of any investment retained together with any gain or loss in profit or loss.
Interests in associates and joint ventures are equity accounted and are not part of the Consolidated Group.
Both the functional and presentation currency of DataDot Technology Limited and its Australian subsidiaries is Australian dollars ($). Each entity in DataDot
determines its own functional currency and items included in the financial statements of each entity are measured using that functional currency.
Subsidiaries are all those entities over which the consolidated entity has control. The consolidated entity controls an entity when the consolidated entity is exposed
to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the
entity.
DataDot Technology Limited
Annual Report 2024
Page 43 of 54
EŽƚĞƐƚŽƚŚĞ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ
Ϯϵ
^ƵŵŵĂƌLJŽĨŽƚŚĞƌŵĂƚĞƌŝĂůĂĐĐŽƵŶƚŝŶŐƉŽůŝĐŝĞƐ;ĐŽŶƚŝŶƵĞĚͿ
;ĚͿ ZĞǀĞŶƵĞƌĞĐŽŐŶŝƚŝŽŶ
(i) Sale of goods
(ii) Rendering of services
(iv) Licence fee
(v) Interest income
;ĞͿ &ŝŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐ
Recognition and derecognition
Financial assets and financial liabilities are recognised when the Group becomes a party to the contractual provisions of the financial instrument.
Classification and initial measurement of financial assets
(iii) Royalties
Revenue from the rendering of a service is recognised on an over time basis based on stage of completion of the contract.
ĨŽƌƚŚĞLJĞĂƌĞŶĚĞĚϯϬ:ƵŶĞϮϬϮϰ
The Group has accounts for revenue in accordance with AASB 15 “Revenue from contracts with customers”. The core principle of the standard is that the Group will
recognise revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be
entitled in exchange for those goods or services.
In the periods presented the Group does not have any financial assets categorised as FVOCI.
After initial recognition, these are measured at amortised cost using the effective interest method.
Discounting is omitted where the effect of discounting is immaterial.
Financial assets are derecognised when the contractual rights to the cash flows from the financial asset expire, or when the financial asset and substantially all the
risks and rewards are transferred.
A financial liability is derecognised when it is extinguished, discharged, cancelled or expires.
Financial assets, other than those designated and effective as hedging instruments, are classified into one of the following categories:
• amortised cost
• fair value through profit or loss (FVTPL), or
• fair value through other comprehensive income (FVOCI).
All revenue and expenses relating to financial assets that are recognised in profit or loss are presented within finance costs, finance income or other financial items,
except for impairment of trade receivables which is presented within other expenses.
Financial assets at amortised cost
Financial assets are measured at amortised cost if the assets meet the following conditions (and are not designated as FVTPL):
• they are held within a business model whose objective is to hold the financial assets and collect its contractual cash flows, and
• the contractual terms of the financial assets give rise to cash flows that are solely payments of principal and interest on the principal amount outstanding.
Revenue is recognised at a point in time when the underlying goods are sold. Fixed rate manufacturing royalties are recognised over the period of the underlying
agreement.
Revenue is recognised as interest accrues using the effective interest method. This is a method of calculating the amortised cost of a financial asset and allocating
the interest income over the relevant period using the effective interest rate, which is the rate that exactly discounts estimated future cash receipts through the
expected life of the financial asset to the net carrying amount of the financial asset.
The Group's financial assets measured at amortised cost comprise trade and other receivables and cash and cash equivalents in the statement of financial position.
Interest income, foreign exchange gains or losses and impairment are recognised in profit or loss. Gain or loss on derecognition is recognised in profit or loss.
The classification is determined by both:
• the entity’s business model for managing the financial asset, and
• the contractual cash flow characteristics of the financial asset.
Subsequent measurement of financial assets
Licence fees are recognised over time in line with the invoice period. Performance obligations are satisfied over time. This is a faithful depiction of the transfer of
services, as customers simultaneously receive and consume services provided over the invoiced period.
Sale of goods revenue is recognised at a point in time when the Group have met all of their performance obligations including delivery. There is limited judgement in
identifying the point control passes; once the goods have left the warehouse or are delivered, depending on the type of good. The group will have a present right to
payment and retains none of the significant risk and rewards of the goods.
Subsequent to initial recognition, these assets are carried at amortised cost using the effective interest rate method less provision for impairment.
DataDot Technology Limited
Annual Report 2024
Page 44 of 54
EŽƚĞƐƚŽƚŚĞ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ
;ĞͿ &ŝŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐ;ĐŽŶƚΖĚͿ
Impairment of financial assets
;ĨͿ ĚŽƉƚŝŽŶŽĨŶĞǁĂĐĐŽƵŶƚŝŶŐƐƚĂŶĚĂƌĚƐ
;ŐͿ ƌŝƚŝĐĂůĂĐĐŽƵŶƚŝŶŐĞƐƚŝŵĂƚĞƐĂŶĚũƵĚŐĞŵĞŶƚƐ
Impairment of non-financial assets
Capitalised development costs
ĨŽƌƚŚĞLJĞĂƌĞŶĚĞĚϯϬ:ƵŶĞϮϬϮϰ
The consolidated entity has adopted all of the new or amended Accounting Standards and Interpretations issued by the Australian Accounting Standards Board
('AASB') that are mandatory for the current reporting period.
Trade receivables
Other financial assets measured at amortised cost
Impairment of trade receivables and contract assets have been determined using the simplified approach in AASB 9 which uses an estimation of lifetime expected
credit losses. The Group have determined the probability of non-payment of the receivable and contract asset and multiplied this by the amount of the expected
loss arising from default.
Where the Group renegotiates the terms of trade receivables due from certain customers, the new expected cash flows are discounted at the original effective
interest rate and any resulting difference to the carrying value is recognised in profit or loss.
Impairment of financial assets is recognised on an expected credit loss (ECL) basis for financial assets measured at amortised cost.
Financial liabilities
The Group measures all financial liabilities initially at fair value less transaction costs, subsequently financial liabilities are measured at amortised cost using the
effective interest rate method.
The financial liabilities of the Group comprise trade payables and convertible notes.
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts in the financial
statements. Management continually evaluates its judgements and estimates in relation to assets, liabilities, contingent liabilities, revenue and expenses.
Management bases its judgements and estimates on historical experience and on other various factors it believes to be reasonable under the circumstances, the
result of which form the basis of the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these
estimates under different assumptions and conditions.
DataDot assesses impairment of all assets at each reporting date by evaluating conditions specific to DataDot and to the particular asset that may lead to
impairment. These include product and manufacturing performance, technology, economic and political environments and future product expectations. If an
impairment trigger exists the recoverable amount of the asset is determined. Given the current uncertain economic environment management considered that the
indicators of impairment were significant enough and as such these assets have been tested for impairment in this financial period.
Development costs are only capitalised by DataDot when it can be demonstrated that the technical feasibility of completing the intangible asset is valid so that the
asset will be available for use or sale.
Any new or amended Accounting Standards or Interpretations that are not yet mandatory have not been early adopted.
Impairment of other financial assets measured at amortised cost are determined using the expected credit loss model in AASB 9. On initial recognition of the asset,
an estimate of the expected credit losses for the next 12 months is recognised. Where the asset has experienced significant increase in credit risk then the lifetime
losses are estimated and recognised.
The amount of the impairment is recorded in a separate allowance account with the loss being recognised in finance expense. Once the receivable is determined to
be uncollectable then the gross carrying amount is written off against the associated allowance.
Credit losses are measured as the present value of the difference between the cash flows due to the Company in accordance with the contract and the cash flows
expected to be received. This is applied using a probability weighted approach.
DataDot Technology Limited
Annual Report 2024
Page 45 of 54
EŽƚĞƐƚŽƚŚĞ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ
;ŐͿ ƌŝƚŝĐĂůĂĐĐŽƵŶƚŝŶŐĞƐƚŝŵĂƚĞƐĂŶĚũƵĚŐĞŵĞŶƚƐ;ĐŽŶƚΖĚͿ
Taxation
Share-based payment transactions
Estimation of useful lives of assets
Employee benefits provision
As discussed in Note 15, the liability for employee benefits expected to be settled more than 12 months from the reporting date are recognised and measured at the
present value of the estimated future cash flows to be made in respect of all employees at the reporting date. In determining the present value of the liability,
estimate of attrition rates and pay increases through promotion and inflation have been taken into account.
DataDot measures the cost of equity-settled transactions with employees by reference to the fair value of the equity instruments at the date at which they are
granted. The accounting estimates and assumptions relating to equity-settled share-based payments would have no impact on the carrying amounts of assets and
liabilities within the next annual reporting period but may impact expenses and equity.
Assumptions about the generation of future taxable profits and repatriation of retained earnings depend on management's estimates of future cash flows. These
depend on estimates of future production and sales volumes, operating costs, restoration costs, capital expenditure, dividends and other capital management
transactions. Judgements are also required about the application of income tax legislation. These judgements and assumptions are subject to risk and uncertainty,
hence there is a possibility that changes in circumstances will alter expectations, which may impact the amount of deferred tax assets and deferred tax liabilities
recognised on the statement of financial position and the amount of other tax losses and temporary differences not yet recognised. In such circumstances, some or
all of the carrying amounts of recognised deferred tax assets and liabilities may require adjustment, resulting in a corresponding credit or charge to the statement of
profit or loss.
DataDot's accounting policy for taxation requires management's judgement as to the types of arrangements considered to be a tax on income in contrast to an
operating cost. Judgement is also required in assessing whether deferred tax assets and certain deferred tax liabilities are recognised on the statement of financial
position. Deferred tax assets, including those arising from unrecouped tax losses, capital losses and temporary differences, are recognised only where it is
considered more likely than not that they will be recovered, which is dependent on the generation of sufficient future taxable profits.
The estimation of the useful lives of property, plant and equipment and finite intangible assets has been based on historical experience as well as lease terms (for
leased equipment). In addition, the condition of the assets is assessed at least once per year and considered against the remaining useful life. Adjustments to useful
life are made when considered necessary.
ĨŽƌƚŚĞLJĞĂƌĞŶĚĞĚϯϬ:ƵŶĞϮϬϮϰ
DataDot Technology Limited
Annual Report 2024
Page 46 of 54
ŝƌĞĐƚŽƌƐ͛ĞĐůĂƌĂƚŝŽŶ
/ŶƚŚĞŝƌĞĐƚŽƌƐ͛ŽƉŝŶŝŽŶ
•
the attached financial statements and notes thereto comply with the Corporations Act
2001, the Accounting Standards, the Corporations Regulations 2001 and other mandatory
professional reporting requirements;
•
the attached financial statements and notes thereto comply with International Financial
Reporting Standards as issued by the International Accounting Standards Board as
described in note 1 to the financial statements;
•
the attached financial statements and notes thereto give a true and fair view of the
consolidated entity's financial position as at 30 June 2024 and of its performance for the
financial year ended on thatdate;
•
there are reasonable grounds to believe that the company will be able to pay its debts as
and when they become due and payable; and
The directors have been given the declarations required by section 295A of the Corporations
Act 2001.
Signed in accordance with a resolution of directors made pursuant to section 295(5)(a) of the
Corporations Act 2001.
On behalf of the directors
Brad Kellas – CEO & Managing Director
19 August 2024
DataDot Technology Limited
Annual Report 2024
Page 47 of 54
Liability limited by a scheme approved under Professional Standards Legislation.
Independent Auditor’s Report to the Members of DataDot Technology Limited
Opinion
We have audited the financial report of DataDot Technology Limited (the Company) and its
subsidiaries (the Group), which comprises the consolidated statement of financial position as at
30 June 2024, the consolidated statement of profit or loss and other comprehensive income, the
consolidated statement of changes in equity and the consolidated statement of cash flows for
the year then ended, and notes to the financial statements, including a summary of significant
accounting policies, and the directors' declaration.
In our opinion, the accompanying financial report of DataDot Technology Limited, is in
accordance with the Corporations Act 2001, including:
(a) giving a true and fair view of the company's financial position as at 30 June 2024 and of
its financial performance for the year then ended; and
(b) 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 Company in accordance with
the Corporations Act 2001 and the ethical requirements of the Accounting 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 confirm that the independence declaration required by the Corporations Act 2001, which has
been given to the directors of the Company, would be in the same terms if given to the directors
as at the time of this auditor’s report.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basis for our opinion.
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. We have
determined the matter described below to be the key audit matter to be communicated in our
report.
DataDot Technology Limited
Annual Report 2024
Page 48 of 54
Revenue Recognition
Key audit matter
How the matter was addressed in our audit
Refer to Note 2 of the financial report and
Note 30 for accounting policy.
Revenue is a key driver to the Group for the
year ended 30 June 2024 the Group
recognised $2,984,493 (2023: $2,693,031).
The Group’s management focuses on revenue
as a key driver by which the performance of
the Group is measured.
This is a key audit matter due to the differing
revenue streams and total balance of the
revenue.
Our audit procedures included, amongst
others;
•
Assessing the Group's accounting policy
for revenue to ensure it has been
correctly formulated in accordance with
the Australian Accounting Standards,
with particular focus on the adoption of
AASB 15;
•
Performing analytical procedures to
understand movements and trends in
revenue
for
comparisons
against
expectations;
•
Checking
a
sample
of
revenue
transactions to evaluate whether they
were appropriately recorded as revenue
ensuring the amounts recorded agreed
to supporting evidence; and
•
Performing cut-off testing to ensure that
revenue transactions around year end
have been recorded in the correct
reporting period.
Other information
The directors are responsible for the other information. The other information comprises the
information contained in the Group’s Financial Report for the year ended 30 June 2024, but does
not include the financial report and our auditor’s report thereon, which we obtained prior to the
date of this auditor’s report, and the Annual Report, which is expected to be made available to
us after that date.
Our opinion on the financial report does not cover the other information and 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 identified above 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.
Liability limited by a scheme approved under Professional Standards Legislation.
DataDot Technology Limited
Annual Report 2024
Page 49 of 54
If, based on the work we have performed on the other information that we obtained prior to the
date of this auditor’s report, 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.
When we read the Annual report, if we conclude that there is a material misstatement therein,
we are required to communicate the matter to the directors and will request that it is corrected.
If it is not corrected, we will seek to have the matter appropriately brought to the attention of
users for whom our report is prepared.
Responsibilities of the Directors for the Financial Report
The directors of the Company 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 is responsible for assessing the Company’s ability
to continue as a going concern, disclosing, as applicable, matters relating to going concern and
using the going concern basis of accounting unless the directors either intends to liquidate the
Company or to cease operations, or has no realistic alternative but to do so.
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.
A further description of our responsibilities for the audit of the financial report is located at the
Auditing and Assurance Standards Board website (www.auasb.gov.au/Home.aspx) at:
http://www.auasb.gov.au/auditors_responsibilities/ar1.pdf
This description forms part of our auditor’s report.
Report on the Remuneration Report
Opinion on the Remuneration Report
We have audited the Remuneration Report included in the directors’ report for the year ended
30 June 2024.
In our opinion, the Remuneration Report of Datadot Technology Limited, for the year ended 30
June 2024, complies with section 300A of the Corporations Act 2001.
Liability limited by a scheme approved under Professional Standards Legislation.
DataDot Technology Limited
Annual Report 2024
Page 50 of 54
Responsibilities
The directors of the Company 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.
AMW AUDIT
Chartered Accountants
BILLY-JOE THOMAS
Director
Dated at Perth, Western Australia this 20 August 2024
DataDot Technology Limited
Page 51 of 54
Liability limited by a scheme approved under Professional Standards Legislation.
Annual Report 2024
DataDot Technology Limited - ABN 54 091 908 726
Shareholder Information
ASX Additional Information
Additional information required by the ASX Listing Rule 4.10 and not disclosed elsewhere in this report is set out below.
This information is effective as at 14 October 2024.
Corporate Governance Statement
The corporate governance statement is located on the Company’s website at the
following URL http://www.datadotdna.com/au/investors/corporate_governance/
Statement of Issued Shares
The total number of shareholders is 972. There are 1,210,952,783 ordinary fully paid shares listed on the Australian
Securities Exchange. The twenty largest shareholders hold 73.19% of issued capital.
Substantial shareholders
The number of substantial shareholders and their associates are set out below:
Shareholders
Number of
shares
Brad Kellas
DMX Capital Partners Limited
Appwam Pty Ltd
Patrix Holdings Pty Ltd
258,870,541
158,334,721
150,000,001
98,231,662
Voting rights
Ordinary Shares - On a show of hands, every member present at a meeting in person or by proxy shall have one vote
and upon a poll each share shall have one vote.
On-Market Buyback
There is no current on-market buyback.
Distribution of equity security holders
Holding
Holders
Share Rights
1 - 99,999
250
0
100,000 - 500,000
549
0
500,001 - 1,000,000
76
0
1,000,001 - 10,000,000
80
0
10,000,001 and over
17
0
Total
972
0
The number of shareholders holding less than a marketable parcel of ordinary shares is 250.
Securities exchange
The Company is listed on the Australian Securities Exchange.
Unquoted equity securities
There are no unquoted Equity Securities
Voluntary escrow
There are no shares under escrow.
DataDot Technology Limited
Annual Report 2024
Page 52 of 54
Shareholder Information - continued
Twenty Largest Shareholders
Number Held
% of Issued
Shares
MR BRADLEY CHARLES KELLAS
258,870,541
21.377%
DMX CAPITAL PARTNERS LIMITED
158,334,721
13.075%
APPWAM PTY LTD
150,000,001
12.387%
PATRIX HOLDINGS PTY LTD
98,231,662
8.112%
HAMISH EDWARD ELLIOT BROWN
53,549,561
4.422%
MR COLLIN HWANG
31,544,716
2.605%
MR NORMAN COLBURN MAYNE
16,000,000
1.321%
MR SANTO CARLINI & MRS ISABELLA CARLINI
16,000,000
1.321%
MR DAVID ROGER LLOYD
14,912,116
1.231%
MR GERALD LEO BASHFORD
12,180,683
1.006%
HENTA PTY LTD
12,000,000
0.991%
SI EQUITIES PTY LTD
11,093,299
0.916%
CITICORP NOMINEES PTY LIMITED
10,636,720
0.878%
PJ & DL BURGESS PTY LTD
8,000,000
0.661%
JAMES MCCALLUM
6,666,666
0.551%
MR WEI MING ZHANG
6,500,000
0.537%
DAMNN INVESTMENTS PTY LTD
6,300,161
0.520%
MRS KAY DEANNA SCARBOROUGH & MR ROBERT HENRY
SCARBOROUGH
5,800,000
0.479%
MR NICHOLAS RICHARD HAROLD NOTLEY
5,000,000
0.413%
NORMAYNE PTY LTD
4,666,667
0.385%
Total Securities of Top 20 Holdings
886,287,514
73.189%
Total of Securities
1,210,952,783
DataDot Technology Limited
Annual Report 2024
Page 53 of 54
Corporate Information – 2024
DataDot Technology Limited - ABN 54 091 908 726
Offices
Australia & registered office:
8 Ethel Ave, Brookvale, NSW, 2100, Australia
Phone: 61 2 8977 4900
Email: info@datadotdna.com
United Kingdom:
Unit 4, Twickenham Road,
Union Park Industrial Estate,
Norwich, Norfolk, NR6 6NG, UK Phone: +44 0 1603 407171
Directors & Officers
Mr David Lloyd - Independent Non‐Executive Director
Mr Patrick Raper - Independent Non‐Executive Director & Company Secretary
Mr Brad Kellas - Managing Director
Auditors
AMW Audit
Level 26, 44 Market Street
SYDNEY NSW 2000
Bankers
Commonwealth Bank of Australia
Ground Floor, Tower 1, 201 Sussex Street,
Sydney, NSW, Australia, 2000
Share Register
Boardroom Pty Limited
Level 8, 210 George Street, Sydney NSW 2000
Phone: +61 2 9290 9600;
Website www.datadotdna.com
DataDot Technology Limited
Annual Report 2024
Page 54 of 54
PROPERTY
PROTECTED
DataDot Technology Ltd | ACN 091 908 726
8 Ethel Avenue Brookvale NSW 2100 | T +61 2 8977 4900 | E info@DataDotDNA.com | W www.DataDotDNA.com