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CLEARVUE TECHNOLOGIES LIMITED Annual Report 2020

Aug 30, 2020

64697_rns_2020-08-30_13e7118b-e1f0-49d3-8454-1eab47ad75f5.pdf

Annual Report

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CLEARVUE TECHNOLOGIES LIMITED AND ITS CONTROLLED ENTITIES ABN 45 071 397 487 Appendix 4E

1. Company details

Name of entity: Clearvue Technologies Limited ABN: 45 071 397 487 Reporting period: For the year ended 30 June 2020 Previous period: For the year ended 30 June 2019

2. Results for announcement to the market

$
Revenues from ordinary activities down 100% to -
Loss from ordinary activities after tax attributable to the owners of
Clearvue Technologies Limited		 down 47% to 2,049,191
Loss for the year attributable to the owners of Clearvue Technologies
Limited		 down 47% to 2,049,191

Dividends

No dividend has been declared or paid for the year ended 30 June 2020 (30 June 2019: $nil).

Brief Explanation of Results

During the year ended 30 June 2020, Clearvue Technologies had been focussed on the commercialisation of the Company’s technology. The Company entered into a several different Memorandums to further the development and distribution of the Clearvue products in Australia, Europe, Middle East and South Africa.

There were no other significant changes in the nature of the activities of the Company during the financial year.

The loss for the consolidated entity after providing for income tax amounted to $2,049,191 (30 June 2019 $3,852,963).

3. Net tangible assets

Net tangible assets per ordinary security Reporting
period
Cents
0.69		 Previous
period
Cents
1.60

4. Details of associates and joint venture entities

There are no associates or joint venture entities.

5. Details of entities over which control has been gained or lost during the period

The Company created a Singapore-based entity, ClearVue Asia Pte Ltd as a 100% owned private subsidiary of ClearVue, to support its expansion and market entry into the South East Asian region .

1

CLEARVUE TECHNOLOGIES LIMITED AND ITS CONTROLLED ENTITIES ABN 45 071 397 487 Appendix 4E

6. Audit qualification or review

Details of audit/review dispute or qualification (if any):

The financial statements are in the process of being audited.

7. Attachments

Details of attachments (if any):

The Preliminary Financial Report of Clearvue Technologies Limited for the year ended 30 June 2020 is attached.

8. Signed

Date: 31 August 2020

Victor Rosenberg Chairman Perth

2

==> picture [304 x 106] intentionally omitted <==

==> picture [306 x 106] intentionally omitted <==

CLEARVUE TECHNOLOGIES LIMITED AND ITS CONTROLLED ENTITIES

ABN 45 071 397 487

Appendix 4E Preliminary Financial Report

For the year ended 30 June 2020

3

CLEARVUE TECHNOLOGIES LIMITED AND ITS CONTROLLED ENTITIES ABN 45 071 397 487

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2020

Revenue from contracts with customers
Other income
Expenses
Consulting expense
Deprecation and amortisation expense
Employee benefits expense
Finance costs
Legal fees
Material costs
Project costs
Share-based payments expense
Travel expenses
Other expenses
Loss before income tax
Income tax expense
Loss for the year
Other comprehensive income / (loss)
Total comprehensive loss for the year
Loss per share attributable to the owners of
the Company (cents)
Basic loss per share
Diluted loss per share		 Note
7		 Consolidated
30 Jun 2020
$
-
1,131,809
1,131,809
(623,508)
(166,761)
(846,581)
(28,000)
(76,124)
(101,506)
(634,169)
-
(159,529)
(544,822)
(3,181,000)
(2,049,191)
-
(2,049,191)
-
(2,049,191)
(1.84)
(1.84)		 Consolidated
30 Jun 2019
$
23,029
1,584,087		 Consolidated
30 Jun 2019
$
23,029
1,584,087
1,607,116
(607,631)
(95,986)
(835,127)
(10,271)
(38,030)
(596,226)
(650,614)
(1,478,492)
(600,907)
(546,795)
9
9
(5,460,079)
(3,852,963)
-
(3,852,963)
-
(3,852,963)
(3.97)
(3.97)

See accompanying notes to the consolidated financial statements

4

CLEARVUE TECHNOLOGIES LIMITED AND ITS CONTROLLED ENTITIES ABN 45 071 397 487

CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2020

ASSETS
Current Assets
Cash and cash equivalents
Trade and other receivables
Other assets
Non-Current Assets
Plant and equipment
Right of use asset
Intangible assets
Other assets
Total Assets
LIABILITIES
Current Liabilities
Trade and other payables
Lease liabilities
Provisions
Non-Current Liabilities
Provisions
Total Liabilities
Net Assets
EQUITY
Share capital
Share-based payments reserve
Accumulated losses
Total Equity		 Note
3
3
2
4
5
6		 Consolidated
30 Jun 2020
$
864,208
571,242
118,686
1,554,136
111,030
169,800
2,456,581
56,682
2,794,093
4,348,229
831,473
173,385
99,680
1,104,538
15,540
15,540
1,120,078
3,228,151
12,521,181
4,223,027
(13,516,057)
3,228,151		 Consolidated
30 Jun 2019
$
1,376,936
623,426
90,208		 Consolidated
30 Jun 2019
$
1,376,936
623,426
90,208
2,090,570
128,022
-
1,877,072
55,354
2,060,448
4,151,018
625,855
-
81,148
707,003
6,552
6,552
713,555
3,437,463
10,681,302
4,223,027
(11,466,866)
3,437,463

See accompanying notes to the consolidated financial statements

5

CLEARVUE TECHNOLOGIES LIMITED AND ITS CONTROLLED ENTITIES ABN 45 071 397 487

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2020

Balance at 1 July 2018
Loss for the year
Other comprehensive income
Total comprehensive loss for the year
Options exercised
Shares issued
Share-based payments
Balance at 1 July 2019
Loss for the year
Other comprehensive income
Total comprehensive loss for the year
Shares issued
Share issue costs
Balance at 30 June 2020		 Share
Capital
Share-Based
Payments
Reserve
Accumulated
Losses
Total
$
$
$
$
9,993,302
2,842,535
(7,613,903)
5,221,934
-
-
(3,852,963)
(3,852,963)
-
-
-
-
-
-
(3,852,963)
(3,852,963)
590,000
-
-
590,000
98,000
-
-
98,000
-
1,380,492
-
1,380,492
10,681,302
4,223,027
(11,466,866)
3,437,463
-
-
(2,049,191)
(2,049,191)
-
-
-
-
-
-
(2,049,191)
(2,049,191)
2,000,000
-
-
2,000,000
(160,121)
-
-
(160,121)
12,521,181
4,223,027
(13,516,057)
3,228,151

See accompanying notes to the consolidated financial statements

6

CLEARVUE TECHNOLOGIES LIMITED AND ITS CONTROLLED ENTITIES ABN 45 071 397 487

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2020

Cash flows from operating activities
Loss before income tax
Adjustment for:
Depreciation of plant and equipment
Amortisation of intangible assets
Research and development net rebate
Interest received
Share-based payments
Operating loss before working capital
Changes in working capital:
Decrease/(Increase) in trade and other
receivables
Decrease in other assets
(Decrease)/Increase in trade and other payables
Increase in provisions
Net cash (used in) operating activities
Cash flows from investing activities
Patents and trademarks expenditure
Development expenditure
Purchase of plant and equipment
Payments for deposits
Net cash (used in) investing activities
Cash flows from financing activities
Options exercised
Proceeds from borrowings
Lease payments
Proceeds from issuance of ordinary shares
Share issuance cost
Net cash from financing activities
Net (decrease) in cash and cash equivalents
Cash and cash equivalentsat beginning of year
Cash and cash equivalents at end of year		 Note Consolidated
30 Jun 2020
$
(2,049,191)
89,253
77,508
(661,288)
(2,421)
-
(2,546,139)
513,187
1,329
(365,628)
27,520
(2,369,731)
(174,539)
(29,334)
(25,903)
(1,329)
(231,105)
-
291,001
(42,772)
2,000,000
(160,121)
2,088,108
(512,728)
1,376,936
864,208		 Consolidated
30 Jun 2019
$
(3,852,963)
34,592
61,394
(453,923)
-
1,478,492		 Consolidated
30 Jun 2019
$
(3,852,963)
34,592
61,394
(453,923)
-
1,478,492
(2,732,408)
(2,276)
9,583
108,994
87,700
(2,528,407)
(280,207)
(113,621)
(54,238)
(55,354)
(503,420)
590,000
-
-
-
-
590,000
(2,441,827)
3,818,763
1,376,936

See accompanying notes to the consolidated financial statements

7

CLEARVUE TECHNOLOGIES LIMITED AND ITS CONTROLLED ENTITIES ABN 45 071 397 487

NOTES TO PRELIMINARY FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2020

These notes form an integral part of and should be read in conjunction with the accompanying financial report:

1. BASIS OF PREPARATION

This preliminary financial report has been prepared in accordance with Australian Securities Exchange Listing Rules as they relate to the Appendix 4E and in accordance with the recognition and measurement requirements of the Australian Accounting Standards, other authoritative pronouncements of the Australian Accounting Standards Board, Urgent Issues Group Interpretations and the Corporations Act 2001 .

As such, this preliminary financial report does not include all the notes of the type included in an annual financial report and accordingly, should be read in conjunction with the annual report for the year ended 30 June 2019 and with any public announcement made by Clearvue Technologies Limited during the period in accordance with the continuous disclosure requirements of the Corporations Act 2001 .

The principal accounting policies adopted in the preparation of the financial report are consistent with those of the previous financial year.

2. INTANGIBLE ASSETS

Patents and trademarks
Development asset
Patents and trademarks
Cost
Less accumulated amortisation
Carrying amount
Cost
Balance at 1 July
Additions
Balance at 30 June
Accumulated amortisation
Balance at 1 July
Amortisation for the year
Balance at 30 June
Carrying amount at 30 June		 Consolidated
30 Jun 2020
$
1,354,364
1,102,217
2,456,581
1,681,929
(327,565)
1,354,364
1,433,641
248,288
1,681,929
251,210
76,355
327,565
1,354,364		 Consolidated
30 Jun 2019
$
1,182,431
694,641		 Consolidated
30 Jun 2019
$
1,182,431
694,641
1,877,072
1,433,641
(251,210)
1,182,431
1,101,955
331,686
1,433,641
189,816
61,394
251,210
1,182,431

8

CLEARVUE TECHNOLOGIES LIMITED AND ITS CONTROLLED ENTITIES ABN 45 071 397 487

NOTES TO PRELIMINARY FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2020

2 . INTANGIBLE ASSETS (CONTINUED)

Development asset
Cost
Balance at 1 July
Additions
Balance at 30 June
Accumulated amortisation
Balance at 1 July
Amortisation for the year
Balance at 30 June
Carrying amount at 30 June
Net carrying amount		 Consolidated
30 Jun 2020
$
694,641
407,576
1,102,217
-
-
-
1,102,217
2,456,581		 Consolidated
30 Jun 2019
$
581,020
113,621		 Consolidated
30 Jun 2019
$
581,020
113,621
694,641
-
-
-
694,641
1,877,072

Intangible assets are stated at cost. The useful life of these patents and trademarks is estimated to be finite.

3. PLANT AND EQUIPMENT & RIGHT-OF-USE ASSET

PLANT AND EQUIPMENT
Office Equipment
Cost
Less accumulated depreciation
Carrying amount
Cost
Balance at 1 July
Additions
Balance at 30 June
Accumulated depreciation
Balance at 1 July
Depreciation for the year
Balance at 30 June
Carrying amount at 30 June		 Consolidated
30 Jun 2020
$
208,109
(97,079)
111,030
182,205
25,904
208,109
54,183
42,896
97,079
111,030		 Consolidated
30 Jun 2019
$
182,205
(54,183)		 Consolidated
30 Jun 2019
$
182,205
(54,183)
128,022
127,967
54,238
182,205
19,591
34,592
54,183
128,022

9

CLEARVUE TECHNOLOGIES LIMITED AND ITS CONTROLLED ENTITIES ABN 45 071 397 487

NOTES TO PRELIMINARY FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2020

3. PLANT AND EQUIPMENT & RIGHT-OF-USE ASSET (CONTINUED)

RIGHT-OF-USE ASSET
Leased assets
Movements for the year
Cost:
Balance at 1 July
Adjustment on transition to AASB 16
Additions
Balance at 30 June
Accumulated depreciation:
Balance at 1 July
Depreciation for the period
Balance at 30 June
Carrying amount:
Balance at 30 June
4.
TRADE AND OTHER PAYABLES
Trade payables
Other payables
Accruals
5.
SHARE CAPITAL
30 Jun 2020
NO. OF
SHARES
Share issued and fully paid
Balance at 1 July
97,730,300
Options exercised
-
Issue of shares to KMP
-
Issue of shares SPP1
13,422,744
Share issue costs
-
Balance at 30 June
111,153,044		 Consolidated
30 Jun 2020
$
169,800
-
216,157
-
216,157
-
46,357
46,357
169,800
Consolidated
30 Jun 2020
$
378,801
429,466
23,206
831,473
30 Jun 2019
30 Jun 2020
NO. OF
SHARES
$
95,020,300
10,681,302
2,360,000
-
350,000
-
-
2,000,000
-
(160,121)
97,730,300
12,521,181		 Consolidated
30 Jun 2020
$
169,800
-
216,157
-
216,157
-
46,357
46,357
169,800
Consolidated
30 Jun 2020
$
378,801
429,466
23,206
831,473
30 Jun 2019
30 Jun 2020
NO. OF
SHARES
$
95,020,300
10,681,302
2,360,000
-
350,000
-
-
2,000,000
-
(160,121)
97,730,300
12,521,181		 Consolidated
30 Jun 2020
$
169,800
-
216,157
-
216,157
-
46,357
46,357
169,800
Consolidated
30 Jun 2020
$
378,801
429,466
23,206
831,473
30 Jun 2019
30 Jun 2020
NO. OF
SHARES
$
95,020,300
10,681,302
2,360,000
-
350,000
-
-
2,000,000
-
(160,121)
97,730,300
12,521,181		 Consolidated
30 Jun 2020
$
169,800
-
216,157
-
216,157
-
46,357
46,357
169,800
Consolidated
30 Jun 2020
$
378,801
429,466
23,206
831,473
30 Jun 2019
30 Jun 2020
NO. OF
SHARES
$
95,020,300
10,681,302
2,360,000
-
350,000
-
-
2,000,000
-
(160,121)
97,730,300
12,521,181		 Consolidated
30 Jun 2020
$
169,800
-
216,157
-
216,157
-
46,357
46,357
169,800
Consolidated
30 Jun 2020
$
378,801
429,466
23,206
831,473
30 Jun 2019
30 Jun 2020
NO. OF
SHARES
$
95,020,300
10,681,302
2,360,000
-
350,000
-
-
2,000,000
-
(160,121)
97,730,300
12,521,181		 Consolidated
30 Jun 2019
$
-		 Consolidated
30 Jun 2019
$
-		 Consolidated
30 Jun 2019
$
-		 Consolidated
30 Jun 2019
$
-
-
-
-
-
-
-
-
-
Consolidated
30 Jun 2019
$
578,333
47,522
-
625,855






30 Jun 2019
$
9,993,302
590,000
98,000
-
-
$
10,681,302
-
-
2,000,000
(160,121)
12,521,181 10,681,302

1 Shares issued under Share Purchase Plan – on 18 October 2019 at 14.9 cents.

10

CLEARVUE TECHNOLOGIES LIMITED AND ITS CONTROLLED ENTITIES ABN 45 071 397 487 NOTES TO PRELIMINARY FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2020

5. SHARE CAPITAL (CONTINUED)

The share capital of the Company consists only of fully paid ordinary shares, the shares do not have a par value. All shares are equally eligible to receive dividends and the repayment of capital and represent one vote at the shareholders’ meeting of the Company. The 39,026,956 fully paid ordinary shares that were held in escrow were released from escrow on 25 May 2020.

6. SHARE-BASED PAYMENTS RESERVE

Share plan for Directors *
Options issued to Lead Manager Offer
Options issued to Consultants
Performance shares to Directors		 Consolidated
30 Jun 2020
$
536,900
225,635
1,380,492
2,080,000
4,223,027		 Consolidated
30 Jun 2019
$
536,900
225,635
1,380,492
2,080,000		 Consolidated
30 Jun 2019
$
536,900
225,635
1,380,492
2,080,000
4,223,027
  • The share plan arises on the grant of loan for a term of 10 years to Directors and related parties for the purchase of the Company’s ordinary shares under the Clearvue Loan Funded Share Plan in 2017. Amounts are transferred out of the reserve and into share capital when the loans are settled.
Movement in Options
Balance at 1 July 2018
Options exercised (Note 8)
Options issued to consultants (Note 8)
Balance at 1 July 2019
No movement
Balance at 1 July 2020
THER INCOME
Government grant
Other grants
Rebates and refunds
Insurance recovery
Interest received		 NO. OF
OPTIONS
56,958,024
(2,360,000)
8,550,000
63,148,024
-
63,148,024
Consolidated
30 Jun 2020
$
538,765
18,347
554,542
17,733
2,422
1,131,809		 $
762,535
-
1,380,492		 $
762,535
-
1,380,492
2,143,027
-
2,143,027
Consolidated
30 Jun 2019
$
423,735
55,042
1,095,548
-
9,761
1,584,087

7. OTHER INCOME

11

CLEARVUE TECHNOLOGIES LIMITED AND ITS CONTROLLED ENTITIES ABN 45 071 397 487 NOTES TO PRELIMINARY FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2020

8. SHARE-BASED PAYMENTS EXPENSE

Shares Issued

No share-based payments were made during the year ended 30 June 2020.

Performance Shares

On 16 January 2018, 13,000,000 performance shares were issued to two of the Directors on achievement of certain milestones. Mr V Rosenberg was issued 1,000,000 Class A Performance Shares, 3,000,000 Class B Performance Shares and 6,000,000 Class C Performance Shares. Mr Lyford was issued 1,000,000 Class D Performance Shares, 1,000,000 Class E Performance Shares and 1,000,000 Class F Performance Shares. Performance shares are subject to escrow for 24 months from the date of official quotation. No additional performance shares were issued during the year.

Each Class A Performance Share, Class B Performance Share, Class C Performance Share, Class D Performance Share, Class E Performance Share and Class F Performance Share (together and each being a Performance Share) is a share in the capital of the Company.

The conversion of shares are dependent on the following: Class A Performance Shares

  • (A) In the event that the aggregate of the value of the ClearVue Orders and the ClearVue Payments is equal to or greater than $2,000,000 within a period of 24 months commencing on the date the Company is admitted to the Official List (Listing Date) (Class A Milestone 1), each Class A Performance Share will convert into one Share; or

  • (B) In the event that Class A Milestone 1 is not satisfied but the aggregate of the value of the ClearVue Orders and the ClearVue Payments is equal to or greater than $7,000,000 within a period of 36 months from the Listing Date (Class A Milestone 2), each Class A Performance Share will convert into one Share; or

  • (C) In the event that neither Class A Milestone 1 or Class A Milestone 2 is satisfied but the aggregate of the value of the ClearVue Orders and the ClearVue Payments is equal to or greater than $17,000,000 within a period of 48 months from the Listing Date, each Class A Performance Share will convert into one Share.

Class B Performance Shares

  • (A) In the event that the aggregate of the value of the ClearVue Orders and the ClearVue Payments is equal to or greater than $5,000,000 within a period of 24-36 months from the Listing Date (Class B Milestone 1), each Class B Performance Share will convert into one Share; or

  • (B) In the event that Class B Milestone 1 is not satisfied but the aggregate of the value of the ClearVue Orders and the ClearVue Payments is equal to or greater than $7,000,000 within a period of 36 months from the Listing Date (Class B Milestone 2), each Class B Performance Share will convert into one Share; or

  • (C) In the event that neither Class B Milestone 1 or Class B Milestone 2 is satisfied but the aggregate of the value of the ClearVue Orders and the ClearVue Payments is equal to or greater than $17,000,000 within a period of 48 months from the Listing Date, each Class B Performance Share will convert into one Share.

12

CLEARVUE TECHNOLOGIES LIMITED AND ITS CONTROLLED ENTITIES ABN 45 071 397 487

NOTES TO PRELIMINARY FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2020

8. SHARE-BASED PAYMENTS EXPENSE (CONTINUED)

Class C Performance Shares

  • (A) In the event that the aggregate of the value of the ClearVue Orders and the ClearVue Payments is equal to or greater than $10,000,000 within a period of 36-48 months from the Listing Date (Class C Milestone 1), each Class C Performance Share will convert into one Share; or

  • (B) In the event that Class C Milestone 1 is not satisfied but the aggregate of the value of the ClearVue Orders and the ClearVue Payments is equal to or greater than $17,000,000 within a period of 48 months from the Listing Date, each Class C Performance Share will convert into one Share.

Class D Performance Shares

  • (A) In the event the Company executes two Agreements within a period of 12 months from the Listing Date (Class D Milestone 1), each Class D Performance Share will convert into one Share; or

  • (B) In the event that the Class D Milestone 1 is not satisfied but the Company executes four Agreements within a period of 24 months from the Listing Date, each Class D Performance Share will convert into one Share (Class D Milestone 2); or

  • (C) In the event that neither Class D Milestone 1 or Class D Milestone 2 is satisfied but the Company executes six Agreements within a period of 36 months from the Listing Date, each Class D Performance Share will convert into one Share.

Class E Performance Shares

  • (A) In the event the Company executes two Agreements within a period of 12-24 months from the Listing Date (Class E Milestone 1), each Class E Performance Share will convert into one Share; or

  • (B) In the event that Class E Milestone 1 is not satisfied but the Company executes four Agreements within a period of 24 months from the Listing Date, each Class E Performance Share will convert into one Share (Class E Milestone 2); or

  • (C) In the event that neither Class E Milestone 1 or Class E Milestone 2 are satisfied but the Company executes six Agreements within a period of 36 months from the Listing Date, each Class E Performance Share will convert into one Share.

Class F Performance Shares

  • (A) In the event the Company executes two Agreements within a period of 24-36 months from the Listing Date (Class F Milestone 1), each Class F Performance Share will convert into one Share; or

  • (B) In the event that Class F Milestone 1 is not satisfied but the Company executes six Agreements within a period of 36 months from the Listing Date, each Class F Performance Share will convert into one Share.

13

CLEARVUE TECHNOLOGIES LIMITED AND ITS CONTROLLED ENTITIES ABN 45 071 397 487

NOTES TO PRELIMINARY FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2020

8. SHARE-BASED PAYMENTS EXPENSE (CONTINUED)

At 30 June 2020, the conversion milestones for the Performance Shares have not been met and therefore no Performance Shares have been converted into fully paid ordinary shares.

Grant Date Performance Shares Issue Price $
16 January 2018 13,000,000 $0.16 2,080,000

Options

On the 21 December 2018, 8,550,000 unlisted options exercisable at $0.25 per option, with a total fair value of $1,380,492, were issued to consultants of the Company for services provided. All the options vested on grant date.

The Company has measured the fair value of the options granted during the current financial year by adapting a Black-Scholes option pricing model using the following inputs:

Grant Date
Expiry Date		 Date
Expiry Date		 Exercise Price Share Price Share Price Volatility Volatility Risk Free Rate
21 Dec 2018
21		 Jun 2021 $0.25 $0.28 96.65% 1.97%
020
Balance at Expired /
Balance at
Expiry Exercise
the start		 Forfeited
the end of
Grant Date Date Price of the year Granted
Exercised		 / Other the year
21/06/2017 21/06/2021
$0.25		 52,098,024 - - -
52,098,024
16/05/2018 21/06/2021
$0.25		 2,500,000 - - -
2,500,000
21/12/2018 21/06/2021
$0.25		 8,550,000 - - -
8,550,000
63,148,024 - - -
63,148,024

2020

2019

Grant Date
Expiry
Date
Exercise
Price
21/06/2017
21/06/2021
$0.25
16/05/2018
21/06/2021
$0.25
21/12/2018
21/06/2021
$0.25		 Balance at
the start
of the year
Granted
Exercised
Expired /
Forfeited
/ Other
Balance at
the end of
the year
54,458,024
-
(2,360,000)
-
52,098,024
2,500,000
-
-
-
2,500,000
-
8,550,000
-
-
8,550,000
56,958,024
8,550,000
(2,360,000)
-
63,148,024

14

CLEARVUE TECHNOLOGIES LIMITED AND ITS CONTROLLED ENTITIES ABN 45 071 397 487

NOTES TO PRELIMINARY FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2020

9.
LOSS PER SHARE
Consolidated Consolidated
30 Jun 2020 30 Jun 2019
$ $
Loss after income tax used in calculating basic and diluted
earnings per share		 (2,049,191) (3,852,963)
No. No.
Weighted average number or ordinary shares used in 102,255,748 96,974,766
calculating basic and diluated earnings per share
Cents Cents
Basic loss per share (1.84) (3.97)
Diluted loss per share (1.84) (3.97)

15

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