MAGONTEC LIMITED — Annual Report 2021

Feb 25, 2021

APPENDIX 4E

Final Audited Annual Report For the Twelve Months ended 31 December 2020

Magontec Limited ABN 51 010 441 666

Current reporting period: Comparative reporting period:

1 January 2020 to 31 December 2020 1 January 2019 to 31 December 2019

Contents

Item	Description
Number
1	Results for announcement to the market
2	Commentary on results for the year
3	Net tangible assets per share
4	**Information on Audit or Review **
	Executive Chairman’s Message
	Corporate Governance Statement	As per Audited
	Directors’ Report (including Remuneration Report)	Annual Report
	Independent Audit Declaration	at 31
	Financial Statements and Notes to the Financial	December
	Statements	2020 lodged
	Directors’ Declaration	with ASX 26 February 2021
	Independent Audit Report
	Shareholder Information

The Final Audited Annual Report at 31 December 2020 was provided to the Australian Securities Exchange under ASX Listing Rule 4.3A on 26 February 2021.

(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		Amount
		change		$’000
Gross revenueincluding revenue from		-27.2%		95,068
discontinued operations
The amount and percentage change up or
down from the previous corresponding		-47.7%		(717)
period ofprofit (loss) from ordinary
activities after tax attributable to
members.
The amount and percentage change up or
down from the previous corresponding		-47.7%		(717)
period ofnet profit (loss) for the period
attributable to members.

Dividends

		Amount per	Franked amount per
		security	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 2020 results presentation.

(ii)

Appendix 4E Magontec Limited

3 Net tangible assets per share

Net tangible assets per ordinary share at 31 December 2020.

2.21 cents (31 December 2019: 2.41 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 26 February 2021 are audited.

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J D Talbot Company Secretary 26 February 2021

Nicholas Andrews, Executive Chairman of Magontec Limited has authorised the release of this document to the market on 26 February 2021

(iii)