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IMEXHS LIMITED Earnings Release 2021

Feb 27, 2022

65120_rns_2022-02-27_58b4f8ac-7ccc-47d2-8076-3fd7bb9fb8d0.pdf

Earnings Release

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IMEXHS Limited Appendix 4E Preliminary final report

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1. Company details

Name of entity: IMEXHS Limited ABN: 60 096 687 839 Reporting period: For the year ended 31 December 2021 Previous period: For the year ended 31 December 2020

2. Results for announcement to the market

$
Revenues from ordinary activities up 22.5% to 13,391,557
Loss from ordinary activities after tax attributable to the owners of
IMEXHS Limited up 30.0% to (4,699,772)
Loss for the year attributable to the owners of IMEXHS Limited up 30.0% to (4,699,772)

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 $4,699,772 (31 December 2020: $3,615,977).

For further commentary on the results of the Group for the year ended 31 December 2021, refer to the Chairman's Letter and Chief Executive Officer's Report, which form part of the annual report.

3. Net tangible assets

Net tangible assets per ordinary security Reporting
period
Cents
25.33
Previous
period
Cents
48.56

The net tangible assets per ordinary security presented above excludes right-of-use assets and lease liabilities.

4. Control gained over entities

Name of entities (or group of entities) RIMAB SAS
Date control gained 5 October 2021

$ Contribution of such entities to the reporting entity's profit/(loss) from ordinary activities before income tax during the period (where material) 214,338 Profit/(loss) from ordinary activities before income tax of the controlled entity (or group of entities) for the - whole of the previous period (where material) 5. Loss of control over entities

Not applicable.

IMEXHS Limited Appendix 4E Preliminary final report

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6. 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.

7. Dividend reinvestment plans

Not applicable.

8. Details of associates, joint venture entities and joint operations

The Group had a 30% share of a joint operation supplying radiology services to the Hospital Central Policía Nacional (National Police Hospital) in Bogotá Colombia. The joint operation ceased on 5 October 2021 when the Group acquired 100% of the ordinary shares in RIMAB SAS, a related party of the joint operation. The joint operation contributed a profit after tax of $91,492 to the Group's loss for period from 1 January 2021 to 4 October 2021.

9. Foreign entities

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

Not applicable.

10. Audit qualification or review

Details of audit/review dispute or qualification (if any):

The financial statements have been audited and an unmodified opinion has been issued.

11. Attachments

Details of attachments (if any):

The Annual Report of IMEXHS Limited for the year ended 31 December 2021 is attached.

12. Signed

As authorised by the Board of Directors

Signed _________ Doug Flynn Chairman

Date: 28 February 2022