COMPLII FINTECH SOLUTIONS LTD — Annual Report 2019

Aug 29, 2019

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APPENDIX 4E Preliminary final report 30 June 2019

INTIGER GROUP LIMITED

APPENDIX 4E Preliminary Final Report 30 June 2019

AND CONTROLLED ENTITIES ABN 71 098 238 585

Corporate directory

Current Directors

Patrick Canion Non-executive Chairman Mark Fisher Non-executive Director Greg Gaunt Non-executive Director

Company Secretary

Stephen Buckley

Registered Office

Street: Barringtons House 283 Rokeby Road SUBIACO WA 6008 Postal: PO Box 52 WEST PERTH WA 6872 Telephone: +61 (0)8 6141 3500 Facsimile: +61 (0)8 9481 1947 Email: info@wolfstargroup.com.au Website: www.intigergrouplimited.com.au

Auditors

Bentleys Audit & Corporate (WA) Pty Ltd Level 3, 216 St Georges Terrace PERTH WA 6000 Telephone: +61 (0)8 9226 4500

Share Registry

Automic Street: Level 2, 267 St Georges Terrace PERTH WA 6000 Postal: PO Box 2226 STRAWBERRY HILLS NSW 2012 Telephone: 1300 288 664 or +61 2 9698 5414 Website: www.automic.com.au

Solicitors to the Company

Squire Patton Boggs Level 21, 300 Murray Street Perth WA 6000

Securities Exchange

Australian Securities Exchange Level 40, Central Park, 152-158 St Georges Terrace Perth WA 6000 Telephone: 131 ASX (131 279) (within Australia) Telephone: +61 (0)2 9338 0000 Facsimile: +61 (0)2 9227 0885 Website: www.asx.com.au ASX Code IAM

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INTIGER GROUP LIMITED

APPENDIX 4E Preliminary Final Report 30 June 2019

AND CONTROLLED ENTITIES

ABN 71 098 238 585

Contents

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Company Update ................................................................................................................................................................... 1 Results for announcement to the Market ............................................................................................................................. 2 Consolidated statement of profit or loss and other comprehensive income ........................................................................ 5 Consolidated statement of financial position ....................................................................................................................... 6 Consolidated statement of changes in equity ....................................................................................................................... 7 Consolidated statement of cash flows ................................................................................................................................... 8 Notes to the Appendix 4E preliminary final report ................................................................................................................ 9

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INTIGER GROUP LIMITED

APPENDIX 4E Preliminary Final Report 30 June 2019

AND CONTROLLED ENTITIES ABN 71 098 238 585

Company Update

1.1. Operations Review

During the full year ending 30 June 2019, The Company completed the following operation and financial activities:

On 22 August 2018, Intiger successfully raised AUD$3 million dollars through institutional and sophisticated and investor placement.

On 14 November 2018, Mr George Jaja was appointed as Chief Executive Officer and Mr Charles Blake as General Manager, Sales and Marketing.

On 21 January 2019 Mr George Jaja and team released Intiger’s Strategic Plan Update which included the continued development of BOOM software as a leading advice process solution, a refresh of the corporate brand extending to the website, BOOM software, and marketing material, as well as continuing progress towards building a formal relation with the CBA beyond pilot period.

On 27 February 2019, the company appointed Mr Greg Gaunt as a Non-Executive Director of the Company effective from 1 March 2019. Greg is a former Executive Chairman of the law firms Lavan and HHG Legal Group.

On 30 April 2019, the Company provided a Business Update which included progress towards the Intensive Training Program in Cebu and Manila to quickly grow scale and BOOM development.

On 23 May 2019, Intiger informed the market that the extension to the original pilot agreement with Commonwealth Financial Planning Limited announced on the 2 February 2018 was to formally conclude on the 31t May 2019, and the Company would not be entering into a commercial arrangement with Commonwealth Financial Planning Limited. This was despite meeting all required service standards, including strict quality metrics, turnaround times, and pipelines as determined by the Commonwealth Bank of Australia.

On 29 May 2018, Intiger announced a shift in the future direction of the Company towards the marketing and development of BOOM software and commenced a significant reduction in the Company's Offshore Processing team to reduce costs. The scale down of the Offshore Team and venues have formally concluded.

Intiger has also been in ongoing discussions with several parties regarding prospective acquisitions and/or joint ventures to bring scale and complementary benefits and services to the Company's operations. At this date no agreements have been reached and there is no certainty that these discussions will result in a transaction.

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INTIGER GROUP LIMITED AND CONTROLLED ENTITIES

APPENDIX 4E Preliminary Final Report 30 June 2019

ABN 71 098 238 585

Results for announcement to the Market

for the year ended 30 June 2019

Results for announcement to the Market for the year ended30 June 2019	Results for announcement to the Market for the year ended30 June 2019
1 REPORTING PERIOD(item 1) Report for the financial year ended: 30 June 2019 Previous corresponding year ended: 30 June 2018
2 RESULTS FOR ANNOUNCEMENT TO THE MARKET Decrease in revenues from ordinary activities (item 2.1) Increase in loss from ordinary activities after tax attributable to members (item 2.2) Increase in loss from after tax attributable to members (item 2.3)	Percentage Amount
	% $
	19.00 to 505,469
	32.75 to (4,894,506)
	32.75 to (4,894,506)
a. Dividends(item 2.4)	Amount per Franked amount
	Security per security
	₵ %
Interim dividend nil n/a Final dividend nil n/a Record date for determining entitlements to the dividend (item 2.5) n/a b. Brief explanation of any of the figures reported above necessary to enable the figures to be understood(item 2.6): Refer to commentary update covering this 4E.	nil n/a
	nil n/a
3 PRELIMINARY FINAL REPORT a. Statement of comprehensive income(item 3): Refer to Consolidated statement of profit or loss and other comprehensive income on page 5 b. Statement of financial position(item 4): Refer to Consolidated statement of financial position on page 6 c. Statement of cash flows(item 5): Refer to Consolidated statement of cash flows on page 8 d. Statement of changes in equity(item 6): Refer to Consolidated statement of changes in equity on page 7
4 DIVIDENDS(item 7)AND RETURNS TO SHAREHOLDERS INCLUDING DISTRIBUTIONS AND BUY BACKS (item 14.2)
Nil. a. Details of dividend or distribution reinvestment plans in operation are described below(item 8): Not applicable

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INTIGER GROUP LIMITED

APPENDIX 4E

Preliminary Final Report 30 June 2019

AND CONTROLLED ENTITIES ABN 71 098 238 585

Results for announcement to the Market

for the year ended 30 June 2019

Results for announcement to the Market for the year ended30 June 2019
5 RATIOS	Previous
	Current corresponding
	period period
a. Financial Information relating to 5b and 5c: $ $ Earnings for the period attributable to Owners of the parent (4,894,506) (3,687,035) Net assets 462,344 2,564,199 Less: Intangible assets - (1,935,650) Net tangible assets 462,344 628,549 No. No. Fully paid ordinary shares 1,677,895,817 1,377,895,817 Weighted average number of ordinary shares outstanding during the year used in calculation of basic EPS 1,605,643,070 1,265,131,594 ₵ ₵ b. Net tangible assets backing per share (cents) (item 9): 0.028 0.046 c. Earnings per share attributable to owners of the parent (cents) (item 14.1): (0.305) (0.291) The Group does not report diluted earnings per share, as dilution is not applied to annual losses generated by the Group. During the 2019 financial year the Group had 510,000,000 unissued shares under option and 60,000,000 performance shares which are anti-dilutive.	$ $ (4,894,506) (3,687,035)
	462,344 2,564,199 - (1,935,650)

6	DETAILS OF ENTITIES OVER WHICH CONTROL HAS BEEN GAINED OR LOST DURING THE PERIOD:(item 10)	DETAILS OF ENTITIES OVER WHICH CONTROL HAS BEEN GAINED OR LOST DURING THE PERIOD:(item 10)	DETAILS OF ENTITIES OVER WHICH CONTROL HAS BEEN GAINED OR LOST DURING THE PERIOD:(item 10)
	a.	Control gained over entities
		Name of entities (item 10.1)	Nil
		Date(s) of gain of control (item 10.2)	N/A
	b.	Loss of control of entities
		Name of entities (item 10.1)	Nil
		Date(s) of loss of control (item 10.2)	N/A
	c.	Contribution to consolidated profit (loss) from ordinary activities after	N/A
		tax by the controlled entities to the date(s) in the current period when
		control was gained / lost (item 10.3).
	d.	Profit (loss) from ordinary activities after tax of the controlled entities for	N/A
		the whole of the previous corresponding period (item 10.3)
	e.	The following companies have been deregistered:	Nil

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INTIGER GROUP LIMITED

APPENDIX 4E Preliminary Final Report 30 June 2019

AND CONTROLLED ENTITIES ABN 71 098 238 585

Results for announcement to the Market

for the year ended 30 June 2019

Results for announcement to the Market for the year ended30 June 2019
7 DETAILS OF ASSOCIATES AND JOINT VENTURE:(item 11)
Name of entities (item 11.1) Nil Percentage holding in each of these entities (item 11.2) n/a
	2019 2018
	$ $
Aggregate share of profits (losses) of these entities (item 11.3)	N/A N/A
8 Any other significant information needed by an investor to make an informed assessment of the entity’s financial
performance and financial position. (item 12):
Refer to commentary update covering this 4E
9 The financial information provided in the Appendix 4E is based on the preliminary final report (attached), which has been
prepared in accordance with Australian Accounting Standards (item 13)
10 A COMMENTARY ON THE RESULTS FOR THE PERIOD(item 14)
Refer to commentary update covering this 4E. The results for the period are as expected. The group had revenue of $505,469 (2018: $624,065) for the period.

9	The financial information provided in the Appendix 4E is based on the preliminary final report (attached), which has been
	prepared in accordance with Australian Accounting Standards (item 13)
10	A COMMENTARY ON THE RESULTS FOR THE PERIOD(item 14)
	Refer to commentary update covering this 4E. The results for the period are as expected. The group had revenue
	of $505,469 (2018: $624,065) for the period.

• 11 The report is based on accounts which are in the process of being audited (item 15). The Company believes it is likely that the independent audit report will contain an emphasis of matter or other matter indicating that a material uncertainty exists that may cast significant doubt on the Consolidated Entity’s ability to continue as a going concern (item 16).

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APPENDIX 4E

Preliminary Final Report 30 June 2019

INTIGER GROUP LIMITED

AND CONTROLLED ENTITIES ABN 71 098 238 585

Consolidated statement of profit or loss and other comprehensive income

for the year ended 30 June 2019

for the year ended 30 June 2019
Note	2019 2018
	$ $
Continuing operations Revenue 1.1 Other income 1.2 Compliance costs Consulting fees Debt-to-equity conversion Depreciation and amortisation Employment costs 2.2 Finance costs Impairment 2.1 Legal expenses Occupancy costs Professional fees Public relations, marketing and advertising Share-based payments expense Other expenses Loss before tax Income tax (expense) / benefit 3.1 Net loss for the year Other comprehensive income, net of income tax Items that will not be reclassified subsequently to profit or loss Items that may be reclassified subsequently to profit or loss:  Foreign currency movement Other comprehensive income for the period, net of tax Total comprehensive income attributable to members of the parent entity	505,469 624,065 72,722 21,018
	578,191 645,083 (81,725) (69,530) (90,134) (82,927) - - (939) (489) (2,083,668) (1,872,861) (4,558) (852) (2,042,887) - (37,300) (61,454) (363,703) (354,159) (247,288) (305,615) (37,800) (39,149) - (561,983) (482,209) (981,031)
	(4,894,020) (3,684,967) ( 486) (2,068)
	(4,894,506) (3,687,035)
	- - (41,993) 9,004
	(41,993) 9,004
	(4,936,499) (3,678,031)

The consolidated statement of profit or loss and other comprehensive income is to be read in conjunction with the accompanying notes.

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INTIGER GROUP LIMITED

APPENDIX 4E

Preliminary Final Report 30 June 2019

AND CONTROLLED ENTITIES

ABN 71 098 238 585

Consolidated statement of financial position

as at 30 June 2019

Consolidated statement of financial position as at 30 June 2019
Note	2019 2018
	$ $
Current assets Cash and cash equivalents 4.1 Trade and other receivables 4.2.1 Other assets 4.3.1 Total current assets Non-current assets Trade and other receivables 4.2.2 Property, plant, and equipment 5.1 Intangible assets 5.2 Total non-current assets Total assets Current liabilities Trade and other payables 4.4 Short-term provisions 5.3 Total current liabilities Total liabilities Net assets Equity Issued capital 6.1.1 Reserves 6.4 Accumulated losses Total equity	674,542 1,078,563 105,362 120,529 9,100 49,848
	789,004 1,248,940
	52,139 47,253 604 1,448 - 1,935,650
	52,743 1,984,351
	841,747 3,233,291
	325,472 606,249 53,931 62,843
	379,403 669,092
	379,403 669,092
	462,344 2,564,199
	46,069,891 43,322,215 3,030,316 2,980,941 (48,637,863) (43,738,957)
	462,344 2,564,199

The consolidated statement of financial position is to be read in conjunction with the accompanying notes.

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APPENDIX 4E Preliminary Final Report 30 June 2019

AND CONTROLLED ENTITIES ABN 71 098 238 585

INTIGER GROUP LIMITED

Consolidated statement of changes in equity

for the year ended 30 June 2019

for the year ended 30 June 2019
	Note 6.1.1 6.3 6.1.1 6.1.1 6.3	Share-based Foreign Currency
		Issued Payments Translation Accumulated
		Capital Reserve Reserve Losses Total
		$ $ $ $ $
Balance at 1 July 2017		40,583,804 3,440,497 (18,872) (40,407,385) 3,598,044 - - - (3,687,035) (3,687,035) - - 9,004 - 9,004
Loss for the year attributable owners of the
parent
Other comprehensive income for the period
attributable owners of the parent
Total comprehensive income for the year		- - 9,004 (3,687,035) (3,678,031)
attributable owners of the parent
Transaction with owners, directly in equity		2,738,411 - - - 2,738,411 - 561,983 - - 561,983 - (1,011,671) - 355,463 (656,208)
Shares issued during the year
Options granted during the year
Options exercised or expired during the year
Balance at 30 June 2018		43,322,215 2,990,809 (9,868) (43,738,957) 2,564,199
Balance at 1 July 2018		43,322,215 2,990,809 (9,868) (43,738,957) 2,564,199
Loss for the year attributable owners of the
parent		- - - (4,894,506) (4,894,506)
Other comprehensive income for the year
attributable owners of the parent		- - (41,993) - (41,993)
Total comprehensive income for the year
		- - (41,993) (4,894,506) (4,936,499)
attributable owners of the parent
Transaction with owners, directly in equity
Shares issued during the year		2,747,676 - - - 2,747,676
Options granted during the year		- 91,368 - - 91,368
Options exercised or expired during the year		- - - (4,400) (4,400)
Balance at 30 June 2019		46,069,891 3,082,177 (51,861) (48,637,863) 462,344

The consolidated statement of changes in equity is to be read in conjunction with the accompanying notes.

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INTIGER GROUP LIMITED

APPENDIX 4E

Preliminary Final Report 30 June 2019

AND CONTROLLED ENTITIES

ABN 71 098 238 585

Consolidated statement of cash flows

for the year ended 30 June 2019

Consolidated statement of cash flows for the year ended 30 June 2019
Note	2019 2018
	$ $
Cash flows from operating activities Receipts from customers Payments to suppliers and employees Interest received R & D rebate Net cash (used in) / generated from operating activities 4.1.2a Cash flows from investing activities Purchase of property, plant, and equipment Net cash used in investing activities Cash flows from financing activities Proceeds from issue of shares Capital raising costs Net cash provided by financing activities Net increase in cash and cash equivalents held Cash and cash equivalents at the beginning of the year Change in foreign currency held Cash and cash equivalents at the end of the year - 4.1	529,527 562,021 (3,828,533) (3,617,909) 5,747 16,005 50,194 -
	(3,243,065) (3,039,883)
	- (1,937)
	- (1,937)
	3,000,000 2,082,203 (160,956) -
	2,839,044 2,082,203
	(404,021) (959,617) 1,078,563 2,038,180 - -
	674,542 1,078,563

The consolidated statement of cash flows is to be read in conjunction with the accompanying notes.

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INTIGER GROUP LIMITED

APPENDIX 4E Preliminary Final Report 30 June 2019

AND CONTROLLED ENTITIES ABN 71 098 238 585

Notes to the Appendix 4E preliminary final report

for the year ended 30 June 2019

Note 1 Revenue and other income	2019 2018
	$ $
1.1 Revenue Service income 1.2 Other Income Interest income Research and development grant income Other income	505,469 624,065
	505,469 624,065
	5,747 5,013 51,772 - 15,203 16,005
	72,722 21,018
Note 2 Loss before income tax	2019 2018
	$ $
The following significant revenue and expense items are relevant in explaining the financial performance: 2.1 Impairment: ◼ Impairment of intangibles ◼ Impairment of other input taxes receivable	1,935,650 - 107,237 -
	2,042,887 -
2.2 Employment costs	2019 2018
	$ $
◼ Directors’ fees ◼ Increase / (decrease) in employee benefits provisions ◼ Superannuation expenses / (reimbursement) ◼ Wages and salaries ◼ Payroll tax ◼ Other employment related costs	123,493 193,780 39,876 52,667 102,347 136,453 1,679,855 1,432,780 31,627 30,570 106,470 26,611
	2,083,668 1,872,861
Note 3 Income tax	2019 2018
	$ $
3.1 Income tax (benefit) / expense Current tax	486 2,068
	486 2,068

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INTIGER GROUP LIMITED

APPENDIX 4E

Preliminary Final Report 30 June 2019

AND CONTROLLED ENTITIES

ABN 71 098 238 585

Notes to the consolidated financial statements

for the year ended 30 June 2019

Note 4 Financial assets and financial liabilities
4.1 Cash and cash equivalents	2019 2018
	$ $
Cash at bank	674,542 1,078,563
	674,542 1,078,563
4.1.1 Reconciliation of cash	674,542 1,078,563
Cash at the end of the financial year as shown in the statement of cash flows is reconciled to items in the statement of financial position as follows: Cash and cash equivalents
	674,542 1,078,563
	2019 2018
4.1.2 Cash Flow Information	$ $
a. Reconciliation of cash flow from operations to loss after income tax Loss after income tax Cash flows excluded from loss attributable to operating activities Non-cash flows in (loss)/profit from ordinary activities: Depreciation and amortisation Impairment Share-based payments expensed Foreign exchange gain or loss Changes in assets and liabilities, net of the effects of purchase and disposal of subsidiaries: Increase in receivables Decrease/(increase) in prepayments and other assets (Decrease)/increase in trade and other payables (Decrease)/increase in provisions Cash flow (used in)/generated from operations -	(4,894,506) (3,687,035) 939 489 2,042,887 - - 561,983 (42,089) - (99,111) (114,309) 42,906 25,216 (285,179) 125,789 (8,912) 47,984
	(3,243,065) (3,039,883)
4.2 Trade and other receivables	2019 2018
	$ $
4.2.1 Current Trade receivable Other receivables 4.2.2 Non-current Deposits	22,559 95,329 82,803 25,200
	105,362 120,529
	52,139 47,253
	52,139 47,253

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INTIGER GROUP LIMITED

APPENDIX 4E Preliminary Final Report 30 June 2019

AND CONTROLLED ENTITIES ABN 71 098 238 585

Notes to the consolidated financial statements

for the year ended 30 June 2019

Note 4 Financial assets and financial liabilities (cont.)
4.3 Other assets	2019 2018
	$ $
4.3.1 Current Prepayments Other current assets GST and other input taxes receivable	6,524 7,952 420 86 2,156 41,810
	9,100 49,848
4.4 Trade and other payables	2019 2018
	$ $
4.4.1 Current Unsecured Trade payables Accruals Employment related payables Related party payables	45,596 71,001 111,159 317,727 168,154 216,241 563 1,280
	325,472 606,249
Note 5 Non-financial assets and financial liabilities
5.1 Property, plant, and equipment	2019 2018
	$ $
Computer and Communication Equipment at cost Less: Accumulated Depreciation Total plant and equipment	2,125 1,937 (1,521) (489)
	604 1,448
5.2 Intangible assets	2019 2018
	$ $
Intellectual property at cost Accumulated impairment Accumulated amortisation	1,935,650 1,935,650 (1,710,823) - (224,827) -
	- 1,935,650
5.3 Provisions	2019 2018
	$ $
5.3.1 Current Provision for employee entitlements	53,931 62,843
	53,931 62,843

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INTIGER GROUP LIMITED

APPENDIX 4E Preliminary Final Report 30 June 2019

AND CONTROLLED ENTITIES

ABN 71 098 238 585

Notes to the consolidated financial statements

for the year ended 30 June 2019

Note 6 Equity

6.1 Issued capital	2019 2018	2019 2018
	No. No.	$ $
Fully paid ordinary shares at no par value 6.1.1 Ordinary shares At the beginning of the year Shares issued during the year: Option Conversion Tranche 1 Placement at $0.01 Tranche 2 Placement at $0.01 Transaction costs relating to share issues At reporting date	1,677,895,817 1,377,895,817	46,069,891 43,322,215
	2019 No. 2018 No.	2019 $ 2018 $
	1,377,895,817 1,117,620,396	43,322,215 40,583,804 - 2,738,411 1,000,000 - 2,000,000 - (252,324) -
	- 260,275,421
	100,000,000 - 200,000,000 - - -
	1,677,895,817 1,377,895,817	46,069,891 43,322,215
6.2 Performance Shares	2019 2018	2019 2018
	No. No.	$ $
Performance shares At the beginning of the period Performance shares issued/(lapsed) during the year: Selective Buy Back At reporting date	60,000,000 500,000,000	- -
		- - - -
	500,000,000 500,000,000
	(440,000,000) -
	60,000,000 500,000,000	- -
6.3 Options	2019 2018	2019 2018
	No. No.	$ $
Options At the beginning of the period Options issued/(lapsed) during the year: 2.50₵ options, expiry: 30.06.2020 Options lapsed Options exercised 1.50₵ options, expiry 31.10.2020 1.50₵ options, expiry 31.10.2020 1.50₵ options, expiry 31.10.2020 1.50₵ options, expiry 31.10.2020 At reporting date	510,000,000 195,000,000	3,082,176 2,990,809
		2,990,809 3,440,497 - 561,983 - - - (1,011,671) - - 30,916 - - - 60,451 -
	195,000,000 412,180,061
	- 55,000,000 - (11,904,640) - (260,275,421) 100,000,000 - 5,000,000 - 200,000,000 - 10,000,000 -
	510,000,000 195,000,000	3,082,176 2,990,809
6.4 Reserves		2019 2018
		$ $
Foreign currency translation reserve Share-based payment reserve		(51,861) (9,868) 3,082,177 2,990,809
		3,030,316 2,980,941

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