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MAGONTEC LIMITED Annual Report 2016

Feb 26, 2017

65327_rns_2017-02-26_16a167b6-4f53-470f-ad6a-8e528eb3dd70.pdf

Annual Report

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APPENDIX 4E

Final Audited Annual Report For the Twelve Months ended 31 December 2016

Magontec Limited ABN 51 010 441 666

Current reporting period: Comparative reporting period:

1 January 2016 to 31 December 2016 1 January 2015 to 31 December 2015

Contents

Item
Number
Description
1
2
3
4
Results for announcement to the market
Commentary on results for the year
Net tangible assets per share
Information on Audit or Review
Executive Chairman’s Message
As per Audited
Annual Report
at 31
December
2016 lodged
with ASX 27
February 2017
Corporate Governance Statement
Directors’ Report (including Remuneration Report)
Independent Audit Declaration
Financial Statements and Notes to the Financial
Statements
Directors’ Declaration
Independent Audit Report
Shareholder Information

The Final Audited Annual Report at 31 December 2016 was provided to the Australian Securities Exchange under ASX Listing Rule 4.3A on 27 February 2017.

(i)

Appendix 4E Magontec Limited

Results for announcement to the market

1 Revenue and net profit

Refer Comment at Item 2 below. Percentage changes in Item 1 are not applicable.

Percentage
change
Amount
$’000
Gross revenueincluding revenue from
discontinued operations
-8.3% 128,096
The amount and percentage change up or
down from the previous corresponding
period ofprofit (loss) from ordinary
activities after tax attributable to
members.
+1,278% 620
The amount and percentage change up or
down from the previous corresponding
period ofnet profit (loss) for the period
attributable to members.
+1,278% 620

Dividends

Amount per
security
Franked amount per
security
Final dividend Nil Nil
Previous corresponding period Nil Nil
Record date n/a

2 Commentary on results for the year

Refer to audited annual report and Executive Chairman’s 2016 results presentation.

(ii)

Appendix 4E Magontec Limited

3 Net tangible assets per share

Net tangible assets per ordinary share at 31 December 2016

2.78 cents (31 December 2015: 2.85 cents).

Calculated on the number of ordinary shares on issue at the relevant date.

4 Information on audit or review

The Financial Accounts lodged with the Annual Report on 27 February 2017 are audited.

==> picture [184 x 70] intentionally omitted <==

J D Talbot Company Secretary 27 February 2017

(iii)