ENERGY TECHNOLOGIES LIMITED — Interim / Quarterly Report 2015

Feb 26, 2015

Appendix 4D Half Year report Period Ending 31 December 2014

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 2014	ABN or equivalent company reference Reporting Period (‘current period’) 38 002 679 469 331 December 2014	ABN or equivalent company reference Reporting Period (‘current period’) 38 002 679 469 331 December 2014	Previous corresponding period (‘previous period’)
38 002 679 469	3	31 December 2014	31 December 2013

2. Results for announcement to the market

	% $A'000	% $A'000
2.1 Revenues from ordinary activities 2.2 Profit from ordinary activities after tax attributable to members 2.3 Profit for the period attributable to members	Down 5.4% to 6,594 Up 93.1% to (27) Up 93.1% to (27)
2.4Dividends	Amount per security	Franked amount persecurity
Final dividend ***	-¢	-¢
Interimdividend	-¢	-¢
2.5 Record date for determining entitlements to the dividend	No dividend proposed or paid.

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Appendix 4D Half Year report Period Ending 31 December 2014

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

EGY reported a consolidated loss after tax and minorities of $27,156 in comparison with the half year to 31 December 2013 result of a consolidated loss of $395,374. Despite this, overall revenue from operating activity at $5,360,488 was 13% down on the previous reporting period. EGY’s wholly owned subsidiary Bambach Wires and Cables Pty Ltd (BWC) reported a loss after tax of $597,365 compared to the reported loss for the six months to 31 December 2013 of $258,023. However the 2013 loss was impacted by a large R &D Grant of $698,090 covering two periods and including accrued FY2014 claim. Excluding this the 31 December 2014 result is an improvement on the previous period. BWC does continue to focus on the development of new markets and new and improved branded products and an amount of $360,000 has been accrued to date for R&D grant FY2015. Overall costs have been significantly reduced and savings have been achieved through sourcing less costly raw materials and securing supply of higher margin purchased product. Overall margins have increased as well on achieved sales.

The parent entity also continues to reduce costs and has reported a profit after tax for the half year of $592,418. This result includes a further negotiated reduction in BWC vendor liability of $839,039. Subsequent to 31 December 2014 the BWC vendor liability has been fully retired under a negotiated settlement that resulted in a further final income of $300,000.

3.1 Net Tangible Assets per security	Current period	Previous corresponding period
Net tangible assets per security	0.24cents	0.13 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 gained

4.3 A Where material to an understanding of the report – the contribution of such entity to the reporting entity’s profit from ordinary activities during the period and the profit or loss of such entities during the whole of the previous corresponding period

• 44.1 B Name of entities

N/A

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Appendix 4D Half Year report Period Ending 31 December 2014

• 4.2 B Date from which control was lost

• 4.3 B Where material to an understanding of the report – the contribution of such entities to the reporting entity’s profit from ordinary activities during the period and the profit or loss of such entities during the whole of the previous corresponding period

5. Details of Individual and Total Dividends

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Date Amount Franked Amount
dividend per amount per
is security per security
payable security of foreign
at 30% source
tax dividend
N/A
Dividend 1 ¢ ¢ ¢
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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

7. Details of Associates and Joint Ventures:

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Appendix 4D Half Year report Period Ending 31 December 2014

Name of entity	Percentage holding 31/12/14	Percentage holding 31/12/13
Dulhunty Poles Pty Limited	36.82	36.82%

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:

N/A

8. For foreign entities, details of origin of accounting standards used in compiling the report (e.g. International etc.)

International Financial Reporting Standards N/A

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Appendix 4D Half Year report Period Ending 31 December 2014

9. Description of dispute or qualification if the accounts have been audited or subject to review:

Not applicable

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Sign here: (Director)

Date: 27 February 2015

Print name: Alfred J Chown

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