ENERGY TECHNOLOGIES LIMITED — Interim / Quarterly Report 2021

Aug 30, 2021

Appendix 4E Preliminary final report

Appendix 4E

Preliminary final report

1. Company Details

Name of entity

ENERGY TECHNOLOGIES LIMITED

ABN or equivalent company Financial year ended (‘current Financial year ended (‘previous reference period’) period’) 38 002 679 469 30 June 2021 30 June 2020

2. Results for announcement to the market

$A'000

2. Results for announcement to the market $A'000	2. Results for announcement to the market $A'000	2. Results for announcement to the market $A'000
2.1 Revenues from operating activities 2.2 Profit from operating activities after tax attributable to members 2.3 Profit for the period attributable to members	Down 6.9% to 9,428 Down 21.3% to (5,341) Down 21.3% to (5,341)
2.4**Dividends **	Amountper security	Franked amountper security
Finaldividend	NIL	NIL
Interimdividend	NIL	NIL
2.5 Record date for determining entitlements to the dividend	Not applicable
2.6 Brief explanation of any of the figures in 2.1 to 2.4 necessary to enable the figures to be understood: Revenue from operating activities, 2.1 above, excludes $1,414,600 job keeper assistance received under federal government legislation in support of business, and $97,858 of other government support - refer Note 2, Revenue from Continuing Operations. Energy Technologies Limited (EGY) has reported a consolidated loss for the year after tax and minority interests of $5,341,189 (FY2020 loss of $4,402,220). The FY2021 results include a loss after tax of $4,217,090 (FY2020 loss of $3,374,589) reported by subsidiary Bambach Wires and Cables Pty Ltd (BWC). There will be further discussion of the result below.

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3. 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
	Final dividend:Current year Previous year		-¢ -¢	-¢ -¢	-¢ -¢
	Interim dividend:Current year		-¢ -¢	-¢ -¢	-¢ -¢
	Previous year

Total dividend per security (interim plus final)

Ordinary securities Preference securities	Current year	Previous year
	-¢ -¢	-¢ -¢

4. Dividend reinvestment plan

Details of any dividend reinvestment plans in operation:

N/A

The last date for the receipt of an election notice for participation in any dividend or distribution reinvestment plan: N/A

5. Statement of retained earnings

	Accumulated losses at the beginning of the financial year Net loss attributable to members Accumulated losses at the end of the **financial year **	Current period - $A'000	Previous corresponding period-$A'000
		(17,745) (5,341)	(13,343) (4,402)
		(23,086)	(17,745)

6.1	Net Tangible Asset backing	Current period	Previous corresponding period
	Net tangible asset* backing per ordinary security	$0.045	$0.097

6.1 Net Tangible Asset backing

• Net tangible assets calculations above include the right-of use assets and lease liabilities.

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6.2 Earnings per security (EPS)	Current period	Previous corresponding period
Basic EPS (cents) Net loss after tax for the period attributable to members ($’000s) Weighted average number of ordinary securities	(3.4)	(5.1)
	(5,341)	(4,402)
	157,704,223	85,668,582

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

• 7.1 A Name of entity No entities were acquired during the period 7.2 A Date from which control was gained 7.3 A Where material to an understanding of the report – the contribution of such entities to the reporting entity’s profit from operating activities during the period and the profit or loss of such entities during the whole of the previous corresponding period

• 7.1 B Name of entities No entities were disposed of during the period

• 7.2 B Date from which control was gained / lost

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

8. Details of Associates and Joint Ventures:

Name of entity	Percentage holding 30 June 2021	Percentage holding 30 June 2020
N/A

8.1 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:

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9 - Comments by directors

EGY has reported a consolidated loss after tax and minorities for FY2021 of $5,341,189 (FY2020 loss after tax and minorities $4,402,220). Wholly owned subsidiary Bambach Wires and Cables Pty Ltd (Bambach) reported a loss after tax of $4,217,090 (FY2020 loss $3,374,589).

The Bambach business was substantially impacted in the financial period to 30 June 2021. Covid-19 disruptions, which were magnified in Victoria, interrupted the relocation and commissioning of the full-scale operations of the Manufacturing operations in Rosedale, which in turn, inhibited the ability to drive utilisation at the factory. With the delay in the final installation of the machine centres, stock items were greatly reduced which hampered the ability to not only drive sales but deliver product into existing sales channels. Furthermore, training and upskilling of the workforce was hampered as a result restricting both productivity and advancement of the factory. The company did make decisions in the first half that limited the impact of similar events in the second half pertaining to these issues which reduced the loss in the second half and the company remains well poised to handle further setbacks. However, due to these events there was a strain on the working capital available to the business which further impacted the ability to grow sales. As disclosed in the financial period to 30 June 2020, the company had several legacy debt obligations which further constricted the ability to source the necessary working capital. The company announced on 28 May 2021 that it had re-structured its Working Capital Facility and further updated the market on 30 July 2021 that, in part, said re-structuring had seen an immediate increase in sales by 68%. The company’s target market continues to show strength and the opportunity to grow sales, with the available working capital, remains in place. The company believes that it is better placed to handle further interruptions in the FY2022 period.

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1. This report is based on accounts to which one of the following applies.

� The accounts have been � The accounts have been audited. subject to review. � The accounts are in the � The accounts have not yet process of being audited been audited or reviewed. or subject to review.

1. Description of likely dispute or qualification if the accounts have not yet been audited or subject to review or are in the process of being audited or subjected to review:

The Preliminary Financial Report is based on the Group’s 2021 annual financial report, the accounts of which are in the process of being audited. No matters have arisen thus far which would result in a dispute or qualification in the current year.

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

N/A

Sign here:

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Print name: Brian Jamieson Chairman

Date: 31 August 2021

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ENERGY TECHNOLOGIES LIMITED

CONSOLIDATED INCOME STATEMENT For the year ended 30 June 2021

Notes CONTINUING OPERATIONS Sale of goods 2a Cost of sales Gross profit Other revenue 2b Marketing expenses Occupancy expenses Administrative expenses Finance costs 3 Depreciation and amortisation expenses 3 Impairment of plant & equipment 3 Other expenses LOSS FOR THE YEAR BEFORE INCOME TAX Income tax expense LOSS FOR THE YEAR AFTER INCOME TAX LOSS ATTRIBUTABLE TO MINORITY INTEREST LOSS ATTRIBUTABLE TO MEMBERS OF ENERGY TECHNOLOGIES LIMITED	CONSOLIDATED 2021 2020 $’000 $’000 9,428 10,126 (6,794) (7,643) 2,634 2,483 1,787 761 (41) (124) (203) (453) (5,027) (4,484) (1,594) (1,242) (2,503) (1,236) (299) - (98) (82) (5,344) (4,377) (12) (38) (5,356) (4,415) 15 13 (5,341) (4,402)	CONSOLIDATED 2021 2020 $’000 $’000 9,428 10,126 (6,794) (7,643) 2,634 2,483 1,787 761 (41) (124) (203) (453) (5,027) (4,484) (1,594) (1,242) (2,503) (1,236) (299) - (98) (82) (5,344) (4,377) (12) (38) (5,356) (4,415) 15 13 (5,341) (4,402)
		2,483 761 (124) (453) (4,484) (1,242) (1,236) - (82)
		(4,377) (38)
		(4,415) 13
		(4,402)

The accompanying notes form part of these financial statements.

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ENERGY TECHNOLOGIES LIMITED

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME For the year ended 30 June 2021

For theyear ended 30 June 2021
LOSS FOR THE YEAR OTHER COMPREHENSIVE INCOME FOR THE PERIOD AFTER TAX: Items that will be reclassified subsequently to profit or loss when specific conditions are met: Movement in foreign exchange relating to translation of controlled foreign entities Exchange difference on foreign exchange relating to minorities TOTAL OTHER COMPREHENSIVE INCOME/(LOSS) TOTAL COMPREHENSIVE LOSS FOR THE PERIOD TOTAL COMPREHENSIVE LOSS ATTRIBUTABLE TO: Members of the parent entity Minority equity interest Earnings per Share From continuing operations: •Basic loss per ordinary share (cents) •Diluted loss per ordinary share (cents)	CONSOLIDATED 2021 2020 $’000 $’000 (5,356) (4,415) 8 (2) 7 (2)
	15 (5,341) (5,333) (8) (5,341) (3.4) (3.4)	(4)
		(4,419)
		(4,404) (15)
		(4,419)
		(5.1) (5.1)

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ENERGY TECHNOLOGIES LIMITED

CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at 30 June 2021

Notes CURRENT ASSETS Cash and cash equivalents Trade and other receivables Inventories Other current assets TOTAL CURRENT ASSETS NON-CURRENT ASSETS Property, plant and equipment Right of use assets 5 Intangibles Deferred tax assets Other receivables TOTAL NON-CURRENT ASSETS TOTAL ASSETS CURRENT LIABILITIES Trade and other payables Financial liabilities Short-term provisions Lease liabilities 5 Deferred Income TOTAL CURRENT LIABILITIES NON-CURRENT LIABILITIES Financial liabilities Lease liabilities 5 Long-term provisions TOTAL NON-CURRENT LIABILITIES TOTAL LIABILITIES NET ASSETS EQUITY Issued capital 6 Contributed equity Reserves Share based payment reserve Accumulated losses Parent interests Minority interests TOTAL EQUITY	CONSOLIDATED 2021 2020 $’000 $’000 123 28 4,303 4,188 3,969 2,327 546 357 8,941 6,900 12,113 12,872 3,156 3,877 6,246 4,737 217 229 280 215 22,012 21,930 30,953 28,830 4,133 6,270 5,147 3,865 1,029 846 923 882 487 - 11,719 11,863 2,395 339 2,772 3,395 132 157 5,299 3,891 17,018 15,754 13,935 13,076 31,484 25,351 - 300 5,790 5,782 366 - (23,086) (17,745) 14,554 13,688 (619) (612)	CONSOLIDATED 2021 2020 $’000 $’000 123 28 4,303 4,188 3,969 2,327 546 357 8,941 6,900 12,113 12,872 3,156 3,877 6,246 4,737 217 229 280 215 22,012 21,930 30,953 28,830 4,133 6,270 5,147 3,865 1,029 846 923 882 487 - 11,719 11,863 2,395 339 2,772 3,395 132 157 5,299 3,891 17,018 15,754 13,935 13,076 31,484 25,351 - 300 5,790 5,782 366 - (23,086) (17,745) 14,554 13,688 (619) (612)
		6,900
		12,872 3,877 4,737 229 215
		21,930
		28,830
		6,270 3,865 846 882 -
		11,863
		339 3,395 157
		3,891
		15,754
		13,076
		25,351 300 5,782 - (17,745)
		13,688 (612)
	13,935	13,076

The accompanying notes form part of these financial statements

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ENERGY TECHNOLOGIES LIMITED

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY As at 30 June 2021

Balance at 1 July 2019 Comprehensive income Loss for the year Other comprehensive loss for the year Total comprehensive loss for the year Transactions with owners, in their capacity as owners, and other transfers Contributions of equity Cash for equity received in advance Total transaction with owners, in their capacity as owners, and other transfers Balance at 30 June 2020 Comprehensive income Loss for the year Other comprehensive loss for the year Total comprehensive loss for the year Transactions with owners, in their capacity as owners, and other transfers Contributions of equity -net of capital raising costs Contributions of equity received in advance – shares issued during the year Unlisted share options Total transaction with owners, in their capacity as owners, and other transfers Balance at 30 June 2021	Issued Reserves Share Based Accumulated Minority Total Capital Payment Losses Interest Reserve $’000 $’000 $’000 $’000 $’000 $’000 25,279 5,784 - (13,343) (597) 17,123 - - - (4,402) (13) (4,415) - (2) - - (2) (4)
	- (2) - (4,402) (15) (4,419)
	72 - - - - 72 300 - - - - 300
	372 - - - - 372
	25,651 5,782 - (17,745) (612) 13,076
	- - - (5,341) (15) (5,356) - 8 - - 8 16
	- 8 - (5,341) (7) (5,340)
	6,133 - - - - 6,133 (300) - - - - (300) - - 366 - - 366
	5,833 - 366 - - 6,199
	31,484 5,790 366 (23,086) (619) 13,935

The accompanying notes form part of these financial statements.

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ENERGY TECHNOLOGIES LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS

For the year ended 30 June 2021

Notes CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers Receipts from Government Grants - R & D grant Receipts from Government Grants – JobKeeper and Cash Flow Boost Interest Received Payments to suppliers and employees Finance costs NET CASH FLOWS (USED IN)/FROM OPERATING ACTIVITIES 4 CASH FLOWS FROM INVESTING ACTIVITIES Proceeds from sale of property, plant and equipment Purchases of property, plant and equipment Purchases of intangible development assets NET CASH FLOWS (USED IN) INVESTING ACTIVITIES CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from issue of shares Less outflows of raising capital Proceeds from contribution of equity Proceeds from borrowings Proceeds from government grants Advance received – government grants Repayment of borrowings Repayment of lease liabilities Proceeds of Loans from directors NET CASH INFLOWS FROM FINANCING ACTIVITIES NET INCREASE (DECREASE) IN CASH HELD Add: Opening cash brought forward CLOSING CASH AT THE END OF THE YEAR	CONSOLIDATED 2021 2020 $’000 $’000 10,848 11,198 782 949 1,659 372 - 1 (16,472) (10,993) (1,424) (1,043) (4,607) 484 - 13 (848) (1,920) (3,511) (1,508) (4,359) (3,415) 6,500 - (865) - - 300 6,508 2,308 - 1,452 487 - (3,044) (966) (525) (587) - 422 9,061 2,929 95 (2) 28 30 123 28	CONSOLIDATED 2021 2020 $’000 $’000 10,848 11,198 782 949 1,659 372 - 1 (16,472) (10,993) (1,424) (1,043) (4,607) 484 - 13 (848) (1,920) (3,511) (1,508) (4,359) (3,415) 6,500 - (865) - - 300 6,508 2,308 - 1,452 487 - (3,044) (966) (525) (587) - 422 9,061 2,929 95 (2) 28 30 123 28
		484
		13 (1,920) (1,508)
		(3,415)
		- - 300 2,308 1,452 - (966) (587) 422
		2,929
		(2) 30
		28

The accompanying notes form part of these financial statements.

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ENERGY TECHNOLOGIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 30 June 2021

1. BASIS OF PREPARATION

a) Basis of preparation

The preliminary final report does not include all the notes of the type normally included within the annual financial report and therefore cannot be expected to provide as full an understanding of the financial performance, financial position and financing and investing activities of the consolidated entity as the full financial report.

The preliminary final report should be read in conjunction with the half-year financial report of Energy Technologies Limited as at 31 December 2020. It is also recommended that the financial report be considered together with any public announcements made by Energy Technologies Limited and its controlled entities during the year ended 30 June 2021 in accordance with the continuous disclosure requirements arising under the Corporations Act 2001 .

This preliminary final report has been prepared in accordance with the requirements of the Australian Securities Exchange listing rules.

This preliminary final report does not constitute the full financial report for the year ended 30 June 2021.

b) Going Concern

The consolidated entity made a FY2021 loss after tax attributable to members of $5,341,189 (2020: loss of $4,402,220).The consolidated entity incurred negative cash flows from operations of $4,607,398 for the year ended 30 June 2021 (2020: positive $483,741).

Fully owned subsidiary Bambach Wires and Cables (Bambach) incurred a loss after tax of $4,217,090 (2020: $3,374,589). This loss was impacted by the impact of Covid-19, and by transitional issues in relocating the primary manufacturing facility from Sydney to Victoria.

This matter gives rise to a material uncertainty that may cast doubt upon the consolidated entity’s ability to continue as a going concern. The ongoing operation of the consolidated entity is dependent upon it achieving cash flow positive trading operations from its existing business.

Management have prepared a cash flow projection for the period to 30 September 2022 that supports the ability of the consolidated entity to continue as a going concern. Supporting the cash flow projection is the fact that the company restructure as reported last year is materially complete and the large manufacturing facility in Rosedale Victoria is operational and progressing to full production capability. This facility is capable of producing up to 250 tonnes of finished product per month. The cash flow remains conservative in revenue projections FY2022 and further cost savings are projected. The company balance sheet remains strong with net assets of $13.94m.

The company also raised $3.4m through a rights issue and $1.6m by placement in July 2020, a further $1.8m by placement in December 2020 and has issued $2.395m Convertible Notes from February 2021 to May 2021.

These financial statements have been prepared on the basis of a going concern as the Directors believe the Group will be able to pay its debts as and when the fall due because:

• the Group completed a review of the operational structure of the business subsequent to year end, and has identified and is implementing significant operating cost savings;

• the Rosedale facility is fully operational and the move is complete.

• the Group has maintained ongoing support from its financiers and shareholders throughout 2021;

Notwithstanding the above if the continued financial performance is not sustained and one or more of the planned measures do not eventuate or are not able to be resolved in the Group’s favour, then in the opinion of the Directors, there will be a significant uncertainty regarding the ability of the Group to continue as a going concern and pay its debts and obligations as and when they become due and payable.

If the Group is unable to continue as a going concern, it may be required to realise its assets and extinguish its liabilities other than in the normal course of business at amounts different from those stated in the financial report.

These financial statements do not include any adjustments relating to the recoverability and classification of recorded assets or to the amounts and classifications of liabilities that might be necessary should the Group not continue as a going concern.

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ENERGY TECHNOLOGIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 30 June 2021

REVENUES FROM CONTINUING OPERATIONS a) Revenue from continuing operations Sale of goods transferred at a point in time b) Other revenues from continuing operations R&D Grant Finance revenue Jobkeeper payment scheme Other income Total revenue and other revenue from continuing operations	CONSOLIDATED 2021 2020 $’000 $’000 9,428 10,126 9,428 10,126 273 126 1 8 1,415 513 98 114 1,787 761 11,215 10,887	CONSOLIDATED 2021 2020 $’000 $’000 9,428 10,126 9,428 10,126 273 126 1 8 1,415 513 98 114 1,787 761 11,215 10,887
		10,126
		126 8 513 114
		761
		10,887

2. REVENUES FROM CONTINUING OPERATIONS

3. EXPENSES Included in the determination of net profit / (loss) before tax from continuing operations are the following expenses. Depreciation and amortisation of: non-current assets Plant and equipment Building and leasehold improvements Furniture, fixtures and fittings Motor vehicles Computer equipment Intangibles Right of use asset amortisation Total depreciation and amortisation of non-current assets Borrowing costs expensed: Borrowing expense Interest expense Lease finance charges Superannuation contributions Impairment of plant & equipment Operating lease rental expense: Minimum lease payments – short term leases	1,178 373 58 20 15 12 37 24 20 11 474 198 721 598
	2,503 1,236 769 618 631 425 194 199
	1,594 1,242 583 506 299 - 560 740

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ENERGY TECHNOLOGIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2021

4. STATEMENT OF CASH FLOWS Reconciliation of the net loss after tax to the net cash flows from operations Loss after income tax Add/(less) Non-cash items Depreciation of non-current assets Amortisation of intangible assets Amortisation of Right of Use Assets Provision of obsolete and slow moving inventories Unrealised foreign exchange movements Asset Finance interest charges Hire Purchase interest charges Amortisation of other loan interest charges Impairment of plant & equipment Non-operating cash flow cash items Net gain on disposal of property, plant and equipment Shares in lieu of fee Lender reserve deposit movement Shares-based payments Shares in lieu of Director’s Fee Changes in assets and liabilities (Increase) / decrease in trade and other receivables (Increase) / decrease in inventories (Decrease) / Increase in payables and accruals (Increase) / decrease in deferred tax asset (Increase) / decrease in other-current assets (Increase) / decrease in other-non-current receivables Net movement in provisions for employee entitlements Net cash (used in)/from operating activities

CONSOLIDATED 2021 2020 $’000 $’000 (5,356) (4,415) 1,308 440 474 198 721 598 125 100 17 (3) 46 41 12 45 62 162 299 - - (13) 20 73 (304) 14 366 - 178 - 1,413 640 (1,767) 1,052 (2,137) 1,681 12 38 (189) (145) (65) (6) 158 (16)

(4,607) 484

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ENERGY TECHNOLOGIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2021

	CONSOLIDATED	CONSOLIDATED
	2021	2020
	$’000	$’000
NON CURRENT ASSETS – RIGHT OF USE ASSETS AND LEASE LIABILITIES
Right of Use Assets	$	$
Right of use	4,474	4,474
Less: Accumulated Amortisation	(1,318)	(597)
	3,156	3,877

5. NON CURRENT ASSETS – RIGHT OF USE ASSETS AND LEASE LIABILITIES

The consolidated entity has leased office premises under operating leases with various expiry dates, some with options to extend. The leases have various escalation clauses. On renewal, the terms of the leases are renegotiated.

Reconciliations

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

Office premises, factory and warehouse Balance at the beginning of the financial year Adoption of AASB 16 on 1 July 2019 Additions Amortisation expense Balance at the end of the financial year	2021 $’000 2020 $’000 3,877 - - 4,474 - - (721) (597) 3,156 3,877 30 June 2021 30 June 2020 $’000 $’000

Lease Liabilities CURRENT Lease liabilities Hire purchase agreements NON CURRENT Lease liabilities Hire purchase agreements	668 566 255 316
	923 882
	2,694 3,321 78 74
	2,772 3,395
	3,695 4,277

*Lease liabilities on Hire purchase agreements are secured by the underlying financed assets

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Appendix 4E Preliminary final report

ENERGY TECHNOLOGIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2021

CONTRIBUTED EQUITY Issued capital 172,275,214 (85,772,955 – 2020) ordinary shares fully paid Ordinary Shares 2021 Number 2020 Number At the beginning of reporting period 85,772,955 85,486,742 16/08/2019 issued at $0.24 - 131,250 13/12/2019 issued at $0.27 - 112,963 18/05/2020 issued at $0.25 - 42,000 07/07/2020 issued at $0.08 20,000,000 - 21/07/2020 issued at $0.08 42,500,000 - 23/12/2020 issued at $0.08 22,500,000 - 24/12/2020 issued at $0.08 250,000 - 20/04/2021 issued at $0.1417 1,252,259 - Capital Transaction Costs - - At reporting date 172,275,214 85,772,955	CONTRIBUTED EQUITY Issued capital 172,275,214 (85,772,955 – 2020) ordinary shares fully paid Ordinary Shares 2021 Number 2020 Number At the beginning of reporting period 85,772,955 85,486,742 16/08/2019 issued at $0.24 - 131,250 13/12/2019 issued at $0.27 - 112,963 18/05/2020 issued at $0.25 - 42,000 07/07/2020 issued at $0.08 20,000,000 - 21/07/2020 issued at $0.08 42,500,000 - 23/12/2020 issued at $0.08 22,500,000 - 24/12/2020 issued at $0.08 250,000 - 20/04/2021 issued at $0.1417 1,252,259 - Capital Transaction Costs - - At reporting date 172,275,214 85,772,955	CONSOLIDATED 2021 2020 $ $ 31,483,891 25,351,729 $ $ 25,351,729 25,279,229 - 31,500 - 30,500 - 10,500 1,600,000 - 3,400,000 - 1,800,000 - 20,000 - 177,500 - (865,338) - 31,483,891 25,351,729	CONSOLIDATED 2021 2020 $ $ 31,483,891 25,351,729 $ $ 25,351,729 25,279,229 - 31,500 - 30,500 - 10,500 1,600,000 - 3,400,000 - 1,800,000 - 20,000 - 177,500 - (865,338) - 31,483,891 25,351,729
			$ 25,279,229 31,500 30,500 10,500 - - - - - -
	172,275,214 85,772,955		25,351,729

6. CONTRIBUTED EQUITY Issued capital 172,275,214 (85,772,955 – 2020) ordinary shares fully paid

On 7 July 2020 EGY issued 20,000,000 shares by placement.

On 21 July 2020 EGY issued 42,500,000 shares through rights issue.

On 23 December 2020 EGY issued 22,500,000 shares by placement

On 24 December 2020 EGY issued 250,000 shares in lieu of fees.

On 20 April 2021 EGY issued 1,252,259 shares in lieu of directors fees under Directors Equity Plan.

During FY2021 EGY issued 19.3m unlisted options over ordinary shares in satisfaction of mandates provided to act as manager of Placement and Rights Issue. EGY issued a further 3,422,429 unlisted options over ordinary shares under the Share Option Plan.

Terms and conditions

Holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at shareholders’ meetings. In the event of winding up of the company, ordinary shareholders rank after creditors and are fully entitled to any proceeds of liquidation.

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ENERGY TECHNOLOGIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 30 June 2021

7. SEGMENT REPORTING

Primary reporting - Business segments

The Group’s primary business segment is Specialist and Industrial Cables. Therefore, the segment details are fully reflected in the results and balances reported in the Statement of Profit and Loss and Statement of Financial Position.

Management currently identifies the Group as one operating segment being Specialist and Industrial Cables. This segment is monitored by the Group’s chief operating decision makers and strategic decisions are made on the basis of this segment result only.

8. SUBSEQUENT EVENTS

There has not arisen since the end of the financial period any other matter of circumstance which, in the opinion of the directors of the Company, significantly affects the operations of the Company, the results of those operations, or the state of affairs of the Company in subsequent financial years.

Compliance statement

1. Compliance with Australian Accounting Standards ensures that the financial statements and notes comply with International Financial Reporting Standards issued by the IASB.

2. 2 This preliminary report, and the accounts upon which the report is based (if separate), use the same accounting policies.

3. 3 This preliminary report does give a true and fair view of the matters disclosed.

4. 4 The accounts are in the process of being audited.

5. 5 The entity has a formally constituted audit committee.

Sign here:

==> picture [172 x 68] intentionally omitted <==

Print name: Brian Jamieson Chairman

Date: 31 August 2021

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