MAGONTEC LIMITED — Interim / Quarterly Report 2020

Aug 27, 2020

Appendix 4D

Magontec Limited ASX Half-Year Report - 30 June 2020

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Magontec Limited (“MGL”) ABN 51 010 441 666

This Half Year Report is provided to the Australian Stock Exchange (ASX) under ASX Listing Rule 4.2A.

This information should be read in conjunction with the Annual Report of Magontec Limited for the twelve months ended 31 December 2019.

1. Details of the reporting period and the previous corresponding period

The entity's annual reporting period ends 31 December (calendar year). The entity will present the following financial statements (condensed or complete) in its half-year interim financial report as of 30 June 2020:

	This Report	Comparative Position
Statement of Financial Positionat	30 June 2020	31 December 2019
Statement of Comprehensive Incomefor the 6 months to	30 June 2020	30 June 2019
Statement of Cash Flowsfor the 6 months to	30 June 2020	30 June 2019
Statement of Changes in Equityfor the 6 months to	30 June 2020	30 June 2019

2. Results for announcement to the market

			Percentage changeagainst previouscorresponding period	Amount$
2.1	Revenue from ordinaryactivities	Down	-31.6%	67,251,497
2.2	Profit/(Loss) fromordinary activities aftertax attributable tomembers	Down	Not meaningful	(149,233)
2.3	Net Profit/(Loss) for theperiod attributable tomembers	Down	Not meaningful	(149,233)

2.4 The amount per security and franked amount per security of final and interim dividends or a statement that it is not proposed to pay dividends.

	Amountper Share	Franked Amountper Share
Interim dividend per share	0.0¢	0.0¢
Previous corresponding half yearly report	0.0¢	0.0¢

2.5 The record date for determining entitlements to the dividends (if any)

Not applicable

2.6 A brief explanation of any of the figures in 2.1 to 2.5 necessary to enable the figures to be understood.

Refer Half Year Report for the six months ended 30 June 2020.

3 Net tangible assets per security with the comparative figure for the previous corresponding period

		30 Jun 2020	31 Dec 2019
		($000)	($000)
Gross Assets		$75,009	$83,792
Less Gross Liabilities		($43,466)	($52,752)
Net Assets as per balance sheet		$31,543	$31,039
Less Intangible Assets (no deduction for DTA)		($3,527)	($3,618)
Net Tangible Assets	i	$28,016	$27,421
As at reporting date
Number of ordinary shares on issue	ii	1,160,073,475	1,140,073,483
Plus vested options on issue		54,059,419	36,149,567
Number of securities on issue	iii	1,214,132,894	1,176,223,050
Net tangible assets per share based on ii	i ÷ ii x100	2.42 cents	2.41 cents
Net tangible assetsper share based on iii	i ÷ iii x100	2.31 cents	2.33 cents

• 4 Details of entities over which control has been gained or lost during the period including:

  • 4.1 Name of entity 4.2 The date of the gain or loss of control

  • 4.3 The contribution to profit from ordinary activities during the period 4.4 The contribution to profit from ordinary activities during the whole of the previous corresponding period

In the prior corresponding period, the Magontec Shanxi Co. Ltd joint venture entity (the profits and losses of which were 100% attributable to Magontec Limited) was closed on 10 April 2019. At a group level, the contribution to profit from ordinary activities during both the current period and the prior corresponding period from this entity was not considered material.

• 5 Details of individual and total dividends or distributions and dividend or distribution payments

No dividend distribution

6 Details of any dividend reinvestment plans

Not applicable

7 Details of associates and joint venture entities

	Magontec Limitedownership interest	Joint VenturePartner
-	-	-

• 8 For foreign entities, which set of accounting standards is used in compiling the report

Not applicable

• 9 Modified opinion, emphasis of matter or other matter paragraph in independent audit report or review

Not applicable