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ENERGY TECHNOLOGIES LIMITED — Interim / Quarterly Report 2012
Feb 28, 2012
64831_rns_2012-02-28_d02a4fde-43ad-49e8-87de-6f0327dd1880.pdf
Interim / Quarterly Report
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Appendix 4D Half Year report Period Ending 31 December 2011
RULE 4.2A.3
APPENDIX 4D
Half Year report
1. Company Details
Name of entity
Energy Technologies Limited
| ABN or equivalent company reference Reporting Period (‘current period’) 38 002 679 469 331 December 2011 |
ABN or equivalent company reference Reporting Period (‘current period’) 38 002 679 469 331 December 2011 |
ABN or equivalent company reference Reporting Period (‘current period’) 38 002 679 469 331 December 2011 |
Previous corresponding period (‘previous period’) |
|---|---|---|---|
| 38 002 679 469 | 3 | 31 December 2011 | 31 December 2010 |
2. Results for announcement to the market
| % $A'000 |
% $A'000 |
|
|---|---|---|
| 2.1 Revenues from ordinary activities 2.2 Loss from ordinary activities after tax attributable to members 2.3 Net Profit for the period attributable to members |
Down 46.7% to 6,096 Down N/A to (674) Up N/A to 5,555 |
|
| 2.4Dividends | Amount per security | Franked amount per security |
| Final dividend *** | -¢ | -¢ |
| Interimdividend | -¢ | -¢ |
| 2.5 Record date for determining entitlements to the dividend |
No dividend proposed or paid. |
31/12/11
Appendix 4D Page 1
Appendix 4D Half Year report Period Ending 31 December 2011
| Br R Ha Th in To an Th su in |
ief explanation of any of the figures in 2.1 to 2.4 necessary to enable the figures to be understood EVIEW AND RESULTS OF OPERATIONS lf-year results e EGY consolidated group profit after tax and minorities for the period is $5,554,924. Material items clude: EGY Gross Profit on Sale of Assets of DPIL before Minorities $11,680,410 Minorities Share of Profit on Sale ($4,585,705) EGY Share of Transaction Costs ($865,158) EGY Share of Operating Loss For the Period ($674,623) Total $5,554,924 tal revenue for the period was $17,776,521 of which $11,680,410 relates to profit on sale of assets d $6,096,111 refers to ordinary activities. e profit on sale of $11,680,410 is impacted by adjustments to foreign exchange reserves of bsidiaries disposed of and goodwill written back in DPIL. Transaction costs include warranty surance. |
ief explanation of any of the figures in 2.1 to 2.4 necessary to enable the figures to be understood EVIEW AND RESULTS OF OPERATIONS lf-year results e EGY consolidated group profit after tax and minorities for the period is $5,554,924. Material items clude: EGY Gross Profit on Sale of Assets of DPIL before Minorities $11,680,410 Minorities Share of Profit on Sale ($4,585,705) EGY Share of Transaction Costs ($865,158) EGY Share of Operating Loss For the Period ($674,623) Total $5,554,924 tal revenue for the period was $17,776,521 of which $11,680,410 relates to profit on sale of assets d $6,096,111 refers to ordinary activities. e profit on sale of $11,680,410 is impacted by adjustments to foreign exchange reserves of bsidiaries disposed of and goodwill written back in DPIL. Transaction costs include warranty surance. |
|
|---|---|---|---|
| $5,554,924 | |||
Brief explanation of any of the figures in 2.1 to 2.4 necessary to enable the figures to be understood REVIEW AND RESULTS OF OPERATIONS
Half-year results
The EGY consolidated group profit after tax and minorities for the period is $5,554,924. Material items include:
Total revenue for the period was $17,776,521 of which $11,680,410 relates to profit on sale of assets and $6,096,111 refers to ordinary activities.
The profit on sale of $11,680,410 is impacted by adjustments to foreign exchange reserves of subsidiaries disposed of and goodwill written back in DPIL. Transaction costs include warranty insurance.
| 3.1 Net Tangible Assets per security |
Current period | Previous corresponding period |
|---|---|---|
| Net tangible assets per security | 4.62cents | 3.13 cents |
4. Details of entities over which control has been gained or lost during the period
| 4.1 A Name of entity 4.2 A Date from which control was ga 4.3 A Where material to an understan contribution of such entity to the from ordinary activities during th or loss of such entities during th previous corresponding period 44.1 B Name of entities 4.2 B Date from which control was lo 4.3 B Where material to an understan contribution of such entities to t profit from ordinary activities du profit or loss of such entities du previous corresponding period |
N/A | |
|---|---|---|
| ined ding of the report – the reporting entity’s profit e period and the profit e whole of the |
||
| There were no acquisitions in the period. |
||
| Dulhunty Power (Aust) Pty Limited, Dulhunty Power (NZ) Limited, Dulhunty Power (Thailand ) Limited and Dulhunty Power(Malaysia) Sdn Bhd |
||
| st ding of the report – the he reporting entity’s ring the period and the ring the whole of the |
30 September 2011 | |
| Discontinued operations contributed ($677,835) loss before income tax and Minorities (Dec 2010 $661,204 profit before income tax and Minorities ) |
31/12/11
Appendix 4D Page 2
Appendix 4D Half Year report Period Ending 31 December 2011
5. Details of Individual and Total Dividends
| Date dividend is payable |
Amount per security |
Franked amount per security at 30% tax |
Amount per security of foreign source dividend |
||
|---|---|---|---|---|---|
| Dividend 1 | ¢ | ¢ | ¢ |
Total dividend per security:
| Ordinary securities Preference securities |
Current year | Previous year |
|---|---|---|
| ¢ ¢ |
¢ ¢ |
6. Dividend reinvestment plan
Details of any dividend reinvestment plans in operation:
None
The last date for the receipt of an election notice for participation in any dividend or distribution reinvestment plan: N/A
31/12/11
Appendix 4D Page 3
Appendix 4D Half Year report Period Ending 31 December 2011
7. Details of Associates and Joint Ventures:
| Name of entity | Percentage holding 31/12/11 |
Percentage holding 31/12/10 |
|---|---|---|
| Dulhunty Poles Pty Limited | 39.85% | 39.85% |
7.1 Where material to an understanding of the report - aggregate share of profits (losses) of these entities, details of contributions to net profit for each of these entities, and with comparative figures for each of these disclosures for the previous corresponding period:
EGY has received net management fee income from associate entity Dulhunty Poles Pty Limited of $93,022 during the half year after eliminations
8. For foreign entities, details of origin of accounting standards used in compiling the report (e.g. International etc.)
International Financial Reporting Standards
9. Description of dispute or qualification if the accounts have been audited or subject to review:
Not applicable
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Sign here: ............................................................ Date: .29 February 2012.............. (Director)
Print name: ANTHONY WINGROVE.................................
31/12/11
Appendix 4D Page 4