CODEIFAI LIMITED — Annual Report 2019

Mar 1, 2020

YPB Group Ltd Appendix 4E Preliminary final report

1. Results for announcement to the market

			$'000
Revenues from ordinary activities	down	43.7% to	1,119
Loss from ordinary activities after tax attributable to the owners of YPB
Group Ltd	down	15.2% to	(6,169)
Loss for the year attributable to the owners of YPB Group Ltd	down	15.2% to	(6,169)

Dividends

There were no dividends paid, recommended or declared during the current financial period.

Comments

The loss for the Group after providing for income tax amounted to $6,169,000 (31 December 2018: $7,278,000).

2. Net tangible assets

Net tangible assets per ordinary security	Reporting period Cents (0.07)	Previous period Cents (0.22)

3. Control gained over entities

Not applicable.

4. Loss of control over entities

Not applicable.

5. Dividends

Current period

There were no dividends paid, recommended or declared during the current financial period.

Previous period

There were no dividends paid, recommended or declared during the previous financial period.

YPB Group Ltd Appendix 4E Preliminary final report

6. Dividend reinvestment plans

Not applicable.

7. Details of associates and joint venture entities

Not applicable.

8. Foreign entities

Details of origin of accounting standards used in compiling the report:

Not applicable.

9. Audit qualification or review

The financial statements are in the process of being audited.

10. Signed

Signed _________

Date: 28 February 2020

YPB Group Ltd Consolidated statement of profit or loss and other comprehensive income For the year ended 31 December 2019

Note Revenue 2 Expenses Production costs Consulting fees Depreciation and amortisation expense Directors' fees Employee benefits expense Finance costs Rental expenses Research and development Marketing Travelling expense Options expense Share-based payments Regulatory expenses Professional fees Other expenses Exchange gain/(loss) Inventories written-off Impairment of intangible assets Loss before income tax benefit 3 Income tax benefit Loss after income tax benefit for the year attributable to the owners of YPB Group Ltd Other comprehensive loss Items that may be reclassified subsequently to profit or loss Exchange differences on translation of foreign operations Other comprehensive loss for the year, net of tax Total comprehensive loss for the year attributable to the owners of YPB Group Ltd Basic earnings per share 15	Consolidated 2019 2018 $'000 $'000 1,119 1,987 (176) (635) (1,727) (1,481) (223) (165) (160) (80) (2,454) (2,986) (394) (65) (214) (359) (319) (393) (313) (162) (277) (364) (66) (845) (38) (55) (180) (245) (254) (414) (547) (853) (64) 1,913 - (52) - (2,356) (6,287) (7,610) 118 332 (6,169) (7,278) 6 (958) 6 (958) (6,163) (8,236) Cents Cents (0.62) (1.09)	Consolidated 2019 2018 $'000 $'000 1,119 1,987 (176) (635) (1,727) (1,481) (223) (165) (160) (80) (2,454) (2,986) (394) (65) (214) (359) (319) (393) (313) (162) (277) (364) (66) (845) (38) (55) (180) (245) (254) (414) (547) (853) (64) 1,913 - (52) - (2,356) (6,287) (7,610) 118 332 (6,169) (7,278) 6 (958) 6 (958) (6,163) (8,236) Cents Cents (0.62) (1.09)	Consolidated 2019 2018 $'000 $'000 1,119 1,987 (176) (635) (1,727) (1,481) (223) (165) (160) (80) (2,454) (2,986) (394) (65) (214) (359) (319) (393) (313) (162) (277) (364) (66) (845) (38) (55) (180) (245) (254) (414) (547) (853) (64) 1,913 - (52) - (2,356) (6,287) (7,610) 118 332 (6,169) (7,278) 6 (958) 6 (958) (6,163) (8,236) Cents Cents (0.62) (1.09)
			(7,610) 332 (7,278) (958) (958) (8,236) Cents (1.09)
	(6,169) 6
	6
	(6,163)
	Cents (0.62)

The above statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes

1

YPB Group Ltd Consolidated statement of financial position As at 31 December 2019

Note Assets Current assets Cash and cash equivalents 4 Trade and other receivables 5 Inventories 6 Total current assets Non-current assets Plant and equipment 7 Intangibles 8 Total non-current assets Total assets Liabilities Current liabilities Trade and other payables 9 Deferred revenue Financial liabilities 10 Total current liabilities Non-current liabilities Lease liabilities Total non-current liabilities Total liabilities Net assets Equity Issued capital 11 Reserves 12 Accumulated losses Total equity	Consolidated 2019 2018 $'000 $'000 774 487 384 701 312 282	Consolidated 2019 2018 $'000 $'000 774 487 384 701 312 282
	1,470	1,470
	353 8,506	184 8,443
	8,859	8,627
	10,329	10,097
	1,421 - 1,462	1,572 144 1,723
	2,883	3,439
	216	-
	216 3,099	- 3,439
	7,230	6,658
	69,386 2,499 (64,655)	61,980 3,385 (58,707)
	7,230	6,658

The above statement of financial position should be read in conjunction with the accompanying notes

2

YPB Group Ltd Consolidated statement of changes in equity For the year ended 31 December 2019

Consolidated Balance at 1 January 2018 Loss after income tax benefit for the year Other comprehensive loss for the year, net of tax Total comprehensive loss for the year Transactions with owners of the Company Shares issued, net of transaction costs Options lapsed during the year Options granted during the year Share based payments Warrant options issued Balance at 31 December 2018	Issued capital $'000 49,124 - -	Issued options $'000 302 - -	Foreign currency translation reserve $'000 2,091 - (958)	Warrant Options Reserve $'000 256 - -	Accumulat ed losses $'000 (51,726) (7,278) -	Share based payment reserve $'000 1,091 - -	Total equity $'000 1,138 (7,278) (958)
	- 12,856 - - - -	- - (41) 845 - -	(958) - - - - -	- - - - - (256)	(7,278) - 41 - - 256	- - - - 55 -	(8,236) 12,856 - 845 55 -
	61,980	1,106	1,133	-	(58,707)	1,146	6,658

Consolidated Balance at 1 January 2019 Adjustment on initial application of AASB 16, net of tax Adjusted balance at 1 January 2019 Loss after income tax benefit for the year Other comprehensive loss for the year, net of tax Total comprehensive loss for the year Transactions with owners of the Company Shares issued, net of transaction costs Options lapsed during the year Options granted during the year Share based payments Conversion of Convertible Notes to equity Balance at 31 December 2019	Issued capital $'000 61,980 - 61,980 - - - 6,210 - - 1,146 50 69,386	Issued options $'000 1,106 -	Foreign currency translation reserve $'000 1,133 -	Warrant Options Reserve $'000 - -	Accumulat ed losses $'000 (58,707) 9	Share based payment reserve $'000 1,146 -	Total equity $'000 6,658 9
		1,106 - -	1,133 - 6	- - -	(58,698) (6,169) -	- - -	6,667 (6,169) 6
		- - (212) 66 - -	6 - - - - -	- - - - - -	(6,169) - 212 - - -	- - - - (746) -	(6,163) 6,210 - 66 400 50
		960	1,139	-	(64,655)	400	7,230

The above statement of changes in equity should be read in conjunction with the accompanying notes

3

YPB Group Ltd Statement of cash flows For the year ended 31 December 2019

Note Cash flows from operating activities Receipts from customers Payments to suppliers and employees Interest received Finance costs Net cash used in operating activities 15 Cash flows from investing activities Payments for plant and equipment Payments for intangibles Net cash used in investing activities Cash flows from financing activities Proceeds from issue of shares (net of costs) Proceeds from short-term loans Repayment of loan from related party Proceeds from issue of convertible notes Repayment of short-term loans Repayment of borrowings Payment of lease liabilities Net cash received from financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the financial year Cash and cash equivalents at the end of the financial year 4	Consolidated 2019 2018 $'000 $'000 1,523 2,116 (5,875) (7,901) 3 17 (370) (48)	Consolidated 2019 2018 $'000 $'000 1,523 2,116 (5,875) (7,901) 3 17 (370) (48)
	(4,719)	(5,816)
	(14) -	(50) (1,444) (1,494) 7,202 - (102) 1,500 - (1,648) - 6,952 (358) 845
	(14)
	5,388 1,000 - - (1,000) (207) (161)
	5,020
	287 487
	774	487

The above statement of cash flows should be read in conjunction with the accompanying notes

4

YPB Group Ltd Notes to the financial statements 31 December 2019

Note 1. Operating segments

Identification of reportable operating segments

The Consolidated is organised into operating segments as outlined below:

Management determines operating segments based on the internal reports that are reviewed and used by the Board of Directors (who are identified as the Chief Operating Decision Makers ('CODM') in assessing performance and in determining the allocation of resources.

The CODM reviews EBITDA (earnings before interest, tax, depreciation and amortisation). The accounting policies adopted for internal reporting to the CODM are consistent with those adopted in the consolidated financial statements.

Types of products and services

For the year ended 31 December 2019, management considers the company to offer its client base a complete end-to-end service and product offering, hence considering its main operations to be represented by one business segment apart from a specialised counterfeit printing operation.

The bundled “complete solution offering” encompasses a range of products and services which are available to customers, including:

• Digital engagement platform that provides brand engagement with end consumers to promote product authenticity.

• Covert forensic products which are invisible particles (‘tracers’) fused into a product or packaging during or after the manufacturing process and are detectable using YPB’s proprietary scanner.

• Forensic laboratory services for the examination of counterfeit products.

• Security consulting services provided to governments, corporations and intellectual property owners for the deterrence of counterfeiting, grey markets, product diversions and fraud.

• Retail anti-theft and labelling solutions effective for mainstream retailers, boutiques and exporters to protect against theft.

The specialised printing operation provided its customers with a dedicated product range, however this segment ceased in late 2017 with no further activities since 2018 till financial year ended 31 December 2019.

Consolidated - 2019 Revenue Sales to external customers Interest revenue Total revenue EBITDA Depreciation and amortisation Impairment of assets Finance costs Loss before income tax benefit Income tax benefit Loss after income tax benefit	Print Solutions $'000 - -	Other segments $'000 1,116 3 1,119 (5,670) (223) - (394) (6,287)	Total $'000 1,116 3
	-		1,119
	- - - -		(5,670) (223) - (394)
	-		(6,287)
			118
			(6,169)

5

YPB Group Ltd Notes to the financial statements 31 December 2019

Note 1. Operating segments (continued) Assets Segment assets Total assets Liabilities Segment liabilities Total liabilities Consolidated - 2018 Revenue Sales to external customers Interest revenue Total revenue EBITDA Depreciation and amortisation Impairment of intangibles Inventories written-off Finance costs Loss before income tax benefit Income tax benefit Loss after income tax benefit Assets Segment assets Total assets Liabilities Segment liabilities Total liabilities	Print Solutions $'000 -	Other segments $'000 10,329		Total $'000 10,329
	3	3,096		10,329
				3,099
	Print Solutions $'000 - -	Other segments $'000 1,970 17		3,099
				Total $'000 1,970 17
	-	1,987		1,987
	(4) - - - -	(4,968) (165) (2,356) (52) (65)		(4,972) (165) (2,356) (52) (65)
	(4)	(7,606)		(7,610)
	-	10,097		332
				(7,278)
				10,097
	3	3,436		10,097
				3,439
				3,439

6

YPB Group Ltd Notes to the financial statements 31 December 2019

Note 1. Operating segments (continued)

Geographical information

Australia Peoples Republic of China Thailand United States of America	Sales to external customers Geographical assets 2019 2018 2019 2018 $'000 $'000 $'000 $'000 285 883 880 445 344 164 400 596 284 494 515 486 206 446 8,534 8,569	Sales to external customers Geographical assets 2019 2018 2019 2018 $'000 $'000 $'000 $'000 285 883 880 445 344 164 400 596 284 494 515 486 206 446 8,534 8,569	Sales to external customers Geographical assets 2019 2018 2019 2018 $'000 $'000 $'000 $'000 285 883 880 445 344 164 400 596 284 494 515 486 206 446 8,534 8,569	Sales to external customers Geographical assets 2019 2018 2019 2018 $'000 $'000 $'000 $'000 285 883 880 445 344 164 400 596 284 494 515 486 206 446 8,534 8,569
	1,119	1,987	10,329	10,096

Note 2. Revenue

Revenue Sale of goods Other revenue Interest Other income Revenue	Consolidated 2019 2018 $'000 $'000 1,029 1,970	Consolidated 2019 2018 $'000 $'000 1,029 1,970
	3 87	17 -
	1,119	1,987

Note 3. Loss for the period

The loss for the period includes the following expenses:

Finance costs Research and development costs Depreciation and amortisation Inventories written-off Impairment of intangible assets Rental expense on operating leases - minimum lease payments	Consolidated 2019 2018 $'000 $'000 394 65 319 393 223 165 - 52 - 2,356 214 359	Consolidated 2019 2018 $'000 $'000 394 65 319 393 223 165 - 52 - 2,356 214 359
	1,150	3,390

7

YPB Group Ltd Notes to the financial statements 31 December 2019

Note 4. Current assets - cash and cash equivalents

Cash on hand Cash at bank	Consolidated 2019 2018 $'000 $'000 2 3 772 484	Consolidated 2019 2018 $'000 $'000 2 3 772 484
	774	487

Note 5. Current assets - trade and other receivables

Trade receivables Less: allowance for doubtful debts Sundry receivables	Consolidated 2019 2018 $'000 $'000 128 468 (56) (54)	Consolidated 2019 2018 $'000 $'000 128 468 (56) (54)
	72 312	414 287
	384	701

Note 6. Current assets - inventories

Finished goods - at cost

Consolidated	Consolidated
2019	2018
$'000	$'000
312		282

8

YPB Group Ltd Notes to the financial statements 31 December 2019

Note 7. Non-current assets - plant and equipment

Plant and equipment - at cost Less: Accumulated depreciation	Consolidated 2019 2018 $'000 $'000 804 521 (451) (337)	Consolidated 2019 2018 $'000 $'000 804 521 (451) (337)
	353	184

Reconciliations

Reconciliations of the written down values at the beginning and end of the current and previous financial year are set out below:

Consolidated Balance at 1 January 2018 Additions Disposals Exchange differences Depreciation expense Balance at 1 January 2019 Recognition on initial application of AASB 16 Additions Disposals Depreciation Exchange differences Balance at 31 December 2019	Right-of- Use Assets $’000 - - - - - - 378 - - (144) - 234	Plant and equipment Total $'000 $'000 197 197 50 50 (1) (1) 17 17 (79) (79) 184 184 - 378 14 14 - - (86) (230) 7 7 119 353

9

YPB Group Ltd Notes to the financial statements 31 December 2019

Note 8. Non-current assets - intangibles

Goodwill - at cost Less: Accumulated impairment losses Intellectual property - at cost Less: Accumulated amortisation Less: Accumulated impairment losses Customer relationships Less: Accumulated amortisation Less: Accumulated impairment losses Patent licence rights – at cost	Consolidated 2019 2018 $'000 $'000 3,089 3,089 (3,089) (3,089)	Consolidated 2019 2018 $'000 $'000 3,089 3,089 (3,089) (3,089)
	-	-
	16,250 (4,942) (11,308)	16,250 (4,942) (11,308)
	-	-
	206 (28) (178)	206 (28) (178)
	-	-
	8,506	8,443
	8,506	8,443

Reconciliations

Reconciliations of the written down values at the beginning and end of the current and previous financial year are set out below:

below:
Consolidated Balance at 31 December 2018 Balance at 1 January 2019 Additions Exchange differences Impairment charge Balance at 31 December 2019	Goodwill Intellectual property Customer relationships Patent licence rights Total $'000 $'000 $'000 $'000 $'000 - - - 8,443 8,443
	- - - 8,443 8,443 - - - - - - - - 63 63 - - - - -
	- - - 8,506 8,506

Intangible assets, other than goodwill, have finite useful lives. The current period amortisation charge for intangible assets is included under the depreciation and amortisation expense in the statement of profit or loss and other comprehensive income

10

YPB Group Ltd Notes to the financial statements 31 December 2019

Note 8. Non-current assets - intangibles (continued)

Patent Licence Rights

Effective in December 2017, the Group acquired Motif Micro’s patented licence rights to develop and commercialise its secure smartphone readable authentication technology. The non-replicable invisible micro-barcode technology works whereby the smartphone becomes the authentication device for uncopiable, invisible and indestructible physical marking technology.

In February 2018, a specific milestone under the agreement was successfully achieved with Motif Micro. The patent licence right was increased and a corresponding payable was settled via the issue of ordinary shares in 2018.

As the technology is still in the development phase and not available for use, the patent licence rights have not been amortised.

Management is in the process of obtaining an independent valuation of the Patent Licence Rights to support the carrying value as at 31 December 2019. Details of the valuation method and key assumptions will be disclosed in the audited annual report.

Note 9. Current liabilities - trade and other payables

Trade payables Sundry payables and accruals	Consolidated 2019 2018 $'000 $'000 781 979 640 593	Consolidated 2019 2018 $'000 $'000 781 979 640 593
	1,421	1,572

Note 10. Current liabilities - financial liabilities

Convertible notes (Bracknor facility) - (i) Convertible notes (Sophisticated investors) - (ii)	Consolidated 2019 2018 $'000 $'000 - 205 1,462 1,518	Consolidated 2019 2018 $'000 $'000 - 205 1,462 1,518
	1,462	1,723

11

YPB Group Ltd Notes to the financial statements 31 December 2019

Note 11. Current liabilities - financial liabilities (continued)

• (i) On 2 January 2019, the Group made repayments totalling $205,000 (US$145,000) along with a signed deed that released and discharged the Group from any further obligations including the warrants outstanding.

• (ii) In November 2018, the Group issued convertible loan notes with an aggregate face value of $1,500,000 to sophisticated investors. These convertible notes will accrue interest on its face value daily at an interest rate of 10% per annum, and the noteholders may elect by issuing a conversion notice to the Group to convert the note on or prior to, the maturity date of 22 October 2021.

On 21 February 2019, one of the convertible loan note holders elected to convert the principal sum of $50,000 into Ordinary Shares.

As at 31 December 2019, $12,000 (2018: $18,000) of convertible loan notes interest were accrued.

Note 11. Equity - issued capital

Ordinary shares - fully paid	2019 Shares 1,694,369,386	Consolidated 2018 2019 Shares $'000 799,277,924 69,386	2018 $'000 61,980

12

YPB Group Ltd Notes to the financial statements 31 December 2019

Movements in ordinary share capital

Details

Balance

Issued as part of asset purchase Share placement Conversion of debt to equity Share placement Issuance as payment to service provider Share placement Issuance as payment to service provider Share placement Issuance as payment to service provider Issued under share-based payments Share placement Issued under share-based payments Share placement Conversion of debt to equity Issued as part of asset purchase Less: Transaction costs on shares issued, net of tax

Balance

Re-classification of share-based payments for shares issued in prior periods Conversion of Performance Rights

Placement to sophisticated and institutional investors Conversion of convertible notes

Placement to sophisticated and institutional investors

Issuance as payment to service provider Placement to sophisticated and institutional investors Placement to sophisticated and institutional investors Issuance as payment to service provider Less: Transaction costs on shares issued, net of tax

Balance

Date 1 January 2018 10 January 2018 22 January 2018 22 January 2018 31 January 2018 15 February 2018 5 March 2018 5 March 2018 27 March 2018 12 April 2018 30 June 2018 18 July 2018 29 August 2018 5 September 2018 30 October 2018 30 October 2018 31 December 2018 11 January 2019 20 February 2019 1 March 2019 6 August 2019 6 August 2019 27 September 2019 10 December 2019 10 December 2019 31 December 2019	Shares	$'000
	399,463,400 72,392,660 73,005,259 10,972,131 2,689,851 500,066 64,356,622 1,428,571 31,342,857 357,077 1,955,142 3,800,000 321,371 90,910,251 22,222,222 23,560,444 -	49,124 3,402 3,325 500 122 18 1,221 50 1,097 12 - 135 - 1,636 400 1,272 (334)
	799,277,924 - 2,100,000 110,000,000 5,555,555 224,105,083 8,800,000 357,142,857 100,000,000 87,387,967 -	61,980 1,146 38 1,100 50 1,600 88 2,500 600 696 (412)
	1,694,369,386	69,386

13

YPB Group Ltd Notes to the financial statements 31 December 2019

Note 11. Equity - issued capital (continued)

Movements in options on issue

Details Date Balance 1 January 2018 Options lapsed 27 April 2018 Options issued under share placement 18 July 2018 Options lapsed 1 August 2018 Options lapsed 27 October 2018 Options issued 30 October 2018 Options issued 04 December 2018 Balance 31 December 2018 Options lapsed 28 February 2019 Options issued 1 March 2019 Options lapsed 24 March 2019 Options lapsed 17 July 2019 Options issued 6 August 2019 Options issued 10 December 2019 Balance 31 December 2019	Options 72,534,000 (228,000) 3,800,000 (560,000) (400,000) 120,769,473 6,363,000 202,278,473 (6,000,000) 5,555,555 (346,000) (3,800,000) 110,000,000 35,714,285	$'000 302 (5) 13 (8) (28) 805 27 1,106 (199) 6 (1) (13) 60 1
	343,402,313	960

Movements in share-based payments

Details

Balance

Issued under share-based payments Issued under share-based payments

Balance

Re-classification of share-based payments for shares issued in prior periods Issued under share-based payments

Balance

Date 1 January 2018 30 June 2018 29 August 2018 31 December 2018 31 December 2019 18 December 2019 31 December 2019	$'000 1,091 48 7
	1,146 (1,146) 400
	400

14

YPB Group Ltd Notes to the financial statements 31 December 2019

Note 12. Equity - reserves

Foreign currency translation reserve Options reserve Share-based payments reserve Warrant options reserve	Consolidated 2019 2018 $'000 $'000 1,139 1,133 960 1,106 400 1,146 - -	Consolidated 2019 2018 $'000 $'000 1,139 1,133 960 1,106 400 1,146 - -
	2,499	3,385

Foreign currency translation reserve

The foreign currency translation reserve is used to recognise exchange differences arising from the translation of the financial statements of foreign controlled subsidiaries to Australian dollars.

Issued options reserve

The option reserve records items recognised as expenses on valuation of share options issued.

Share-based payments reserve

The share-based payment reserve is used to recognise the value of equity benefits provided to employees and directors as part of their remuneration, and other parties as part of their compensation for services.

Warrant options reserve

The warrant options reserve has been used to recognise the warrants issued as part of the Bracknor facility. The warrant options lapsed with the final repayment of the facility on 2 January 2019 – refer to note 10.

Note 13. Interests in subsidiaries

The consolidated financial statements incorporate the assets, liabilities and results of the following subsidiaries:

		Ownership	interest
	Principal place of business /	2019	2018
Name	Country of incorporation		%
YPB Limited (HK)	Hong Kong	100.00%	100.00%
YPB Technology (Beijing) Limited	PRC China	100.00%	100.00%
Product ID & Quality Systems (Beijing) Ltd	PRC China	100.00%	100.00%
Brand Reporter Pty Ltd	Australia	100.00%	100.00%
YPB Group (USA) Inc	USA	100.00%	100.00%
YPB Intellectual Product Protection Inc	USA	100.00%	100.00%
YPB Print Solutions Inc	USA	100.00%	100.00%
YPB Group Co., International Ltd	Thailand	100.00%	100.00%
YPB Group Co., Ltd	Thailand	100.00%	100.00%
nTouch Holdings Pty Ltd	Australia	100.00%	100.00%
nTouch Agency Pty Ltd	Australia	100.00%	100.00%
nTouch Pty Ltd	Australia	100.00%	100.00%
nTouch IP Pty Ltd	Australia	100.00%	100.00%
Wall Mall Pty Ltd	Australia	100.00%	100.00%
YPB Product Development Pty Ltd	Australia	100.00%	100.00%

15

YPB Group Ltd Notes to the financial statements 31 December 2019

Note 14. Reconciliation of loss after income tax to net cash used in operating activities

Loss after income tax benefit for the year Adjustments for: Foreign exchange differences Depreciation and amortisation expense Inventories written-off Impairment of intangible assets Options expense Share-based payments Finance costs Equity-settled transactions Change in operating assets and liabilities; net of the effects of purchase and disposal of subsidiaries Decrease/(increase) in trade and other receivables (Increase)/decrease in inventories (Decrease)/increase in trade and other payables Net cash used in operating activities

Consolidated 2019 2018 $'000 $'000 (6,169) (7,278) (77) (1,456) 223 165 - 52 - 2,356 67 845 38 55 25 17 1,182 - 287 (193) (30) 1 (265) (380) (4,719) (5,816)

(4,719)

16

YPB Group Ltd Notes to the financial statements 31 December 2019

Note 15. Earnings per share

Loss after income tax attributable to the owners of YPB Group Ltd Weighted average number of ordinary shares used in calculating basic earnings per share Weighted average number of ordinary shares used in calculating diluted earnings per share Basic earnings per share Due to losses of the Group, diluted earnings per share have not been presented.	Consolidated 2019 2018 $'000 $'000 (6,169) (7,278)	Consolidated 2019 2018 $'000 $'000 (6,169) (7,278)
	Number 998,465,494	Number 664,942,198
	998,465,494	664,942,188
	Cents (0.62)	Cents (1.09)

17