MEMPHASYS LIMITED. - Annual Report 2016

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Memphasys Limited Postal Address Contact Details E [email protected] 30-32 Richmond Road P.O. Box 2202 P +612 8415 7300 W memphasys.com Homebush West NSW 2140 Homebush West NSW 2140 F +612 8415 7399 ABN 33 120 047 556

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ABN or equivalent company reference ��	Financial year ended (‘current period’)
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For announcement to the market

For announcement to the market	For announcement to the market	For announcement to the market
$A’000
Revenue from continuing ordinary activities Decreased 20% to 64 Total income from continuing ordinary activities Decreased 73% to 146 Loss from continuing operations Increased 1% to (2,378) Loss from ordinary activities after tax attributable to members Decreased 5% to (2,510) Net Loss for the period attributable to members Decreased 5% to (2,510)
Dividends (distributions)	Amount per security	Franked amount per security
Final dividend	Nil	Nil
Previous corresponding year	Nil	Nil
Record date for determining entitlements to the dividend, N/A For a brief explanation of any of the figures reported above see notes below and also refer to the attached market announcement.

Memphasys Limited Preliminary Final Report 30 June 2016

1. Consolidated Statement of Profit or Loss and Other Comprehensive Income

Continuing operations	For the year ended 30 June 2016 $	For the year ended 30 June 2015 $
1.1 Revenue Revenuefromsales orservices	63,960	Restated 79,900
Gross profit Grant income Finance income Gain on disposal of investments General & administration Research & development Finance cost expense Impairment reversal Foreignexchange	63,960 79,453 2,220 - (1,863,341) (178,573) (326,015) - (156,425)	79,900 376,584 5,075 77,945 (1,509,329) (207,706) (682,304) 18,331 (518,515)
1.2 Loss before income tax 1.3 Income tax	(2,378,721) -	(2,360,019) -
1.4 Loss after tax from continuing operations	(2,378,721)	(2,360,019)
1.5 Discontinued operations Loss from discontinued operations net of tax	(130,803)	(285,665)
1.6 Net loss for the year	(2,509,524)	(2,645,684)
1.7 Net loss attributable to members of parent	(2,509,524)	(2,645,684)
1.8 Other comprehensive income / (expense) Items that may be reclassified subsequently to profit or loss Exchange translationdifference	(73,559)	4,596
Total other comprehensive income / (expense) for the year	(73,559)	4,596
1.9 Total comprehensive expense for the year	(2,583,083)	(2,641,088)

30 June 2016 Appendix 4E

Memphasys Limited Preliminary Final Report 30 June 2016

Consolidated accumulated losses

Consolidated accumulated losses
	30 June 2016 $	30 June 2015 $
1.10 Accumulated losses at the beginning of the financial year 1.11 Net loss attributable to members (item 1.7)	(33,052,770) (2,509,524)	(30,407,086) (2,645,684)
1.12 Accumulated losses at end of the financial year	(35,562,294)	(33,052,770)

30 June 2016 Appendix 4E

Memphasys Limited Preliminary Final Report 30 June 2016

2. Consolidated Statement of Financial Position

	As at 30 June 2016 $	As at 30 June 2015 $
Current assets 2.1 Cash and cash equivalents 2.2 Trade and other receivables 2.3 Inventories 2.4 Other current assets 2.5 Assets held for sale 2.6 Total current assets	19,003 277,266 - 528,230 -	174,785 18,872 12,376 280,196 495,142
	824,499	981,371
Non-current assets 2.7 Property, plant and equipment 2.8 Intangible assets 2.9 Financial assets 2.10 Total non-current assets	61,977 2,483,114 3,824,888	67,642 1,970,567 3,824,888
	6,369,979	5,863,097
2.11 Total assets	7,194,478	6,844,468
Current liabilities 2.12 Trade & other payables 2.13 Interest bearing liabilities 2.14 Non-interest bearing liabilities 2.15 Lease liabilities 2.16 Tax liabilities 2.17 Short term provisions 2.18 Liabilities associated with assets held for sale	753,536 4,813,959 26,334 3,162 (20,898) 71,788 -	420,437 2,410,323 175,435 - (1,436) 138,728 116,664
2.19 Total current liabilities	5,647,881	3,260,151
Non-current liabilities 2.20 Lease liabilities 2.21 Interest bearing liabilities 2.22 Long term provisions 2.23 Total non-current liabilities	13,652 29,357 25,937	- 2,785,461 52,265
	68,946	2,837,726
2.24 Total liabilities	5,716,827	6,097,877
2.25 Net assets	1,477,651	746,591
Equity 2.26 Issued capital 2.27 Reserves 2.28 Accumulated losses	35,909,885 1,130,060 (35,562,294)	33,582,742 216,619 (33,052,770)
2.29 Total equity	1,477,651	746,591

30 June 2016 Appendix 4E

Memphasys Limited Preliminary Final Report 30 June 2016

3. Consolidated Statement of Cash Flow

3. Consolidated Statement of Cash Flow
	For the year ended 30 June 2016 $	For the year ended 30 June 2015 $
Cash flows from operating activities 3.1 Payments to suppliers and employees 3.2 Government grants 3.3 Finance costs 3.4 Net cash flows used in operating activities	(1,553,125) 297,291 (14,746)	Restated (2,412,959) 52,564 (61,783)
	(1,270,580)	(2,422,178)
Cash flows from investing activities 3.5 Interest receipts 3.6 Proceeds from sale of investment 3.7 Proceeds from sale of business 3.8 Payment for purchases of property, plant and equipment 3.9 Payment for purchases of other non-current assets 3.10 Receipts (payments) relating to discontinued operations 3.11 Net cash flows from (used in) investing activities	2,223 - 48,036 (5,081) (615,488) (170,249)	5,077 377,945 - (18,330) (553,445) 891,185
	(740,559)	702,432
Cash flows from financing activities 3.12 Proceeds from issues of securities 3.13 Share issue costs 3.14 Proceeds from third party loans 3.15 Repayment of third party loans 3.16 Proceeds from related party borrowings 3.17 Repayment of related party borrowings 3.18 Net cash flows from financing activities	1,538,775 (82,771) - (250,073) 664,926 (15,500)	- (50,534) 228,261 - 1,882,683 (212,331)
	1,855,357	1,848,079
3.19 Net (decrease)/increase in cash held 3.20 Cash at beginning of year 3.21 Cash and cash equivalents at end of year (see reconciliation of cash)	(155,782) 174,785	128,332 46,453
	19,003	174,785


*Discontinued activities*	30 June 2016 $	30 June 2015 $
Operating activities Investing activities Financing activities	(170,249) - -	727,381 163,804 -
Total cash flows relating to discontinued activities	(170,249)	891,185

30 June 2016 Appendix 4E

Memphasys Limited Preliminary Final Report 30 June 2016

4. Consolidated Statement of Changes in Equity

	Issued capital $	Foreign currency translation reserve $	Share options reserve $	Accumulated losses $	Total equity $
Balance at 30 June 2015 Movement Loss for the year Currency translation Total comprehensive income for the year Issue of share capital Transaction costs on share issue Share options issued	33,582,742	73,559	143,060	(33,052,770)	746,591
	- -	- (73,559)	- -	(2,509,524) -	(2,509,524) (73,559)
	- 2,915,406 (588,263) -	(73,559) - - -	- - - 987,000	(2,509,524) - - -	(2,583,083) 2,915,406 (588,263) 987,000
					1,477,651
Balance at 30 June 2016	35,909,885	-	1,130,060	(35,562,294)

	Issued capital $	Foreign currency translation reserve $	Share options reserve $	Accumulated losses $	Total equity $
Balance at 30 June 2014 Movement Loss for the year Currency translation Total comprehensive income for the year Issue of share capital Transaction costs on share issue Share options issued	29,345,275	68,963	-	(30,407,086)	(992,848)
	- -	- 4,596	- -	(2,645,684) -	(2,645,684) 4,596
	- 4,288,001 (50,534) -	4,596 - - -	- - - 143,060	(2,645,684) - - -	(2,641,088) 4,288,001 (50,534) 143,060
					746,591
Balance at 30 June 2015	33,582,742	73,559	143,060	(33,052,770)

30 June 2016 Appendix 4E

Memphasys Limited Preliminary Final Report 30 June 2016

5. Reconciliation of cash

Reconciliation of cash at the end of the year (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.	30 June 2016 $	30 June 2015 $
5.1 Cash on hand and at bank 5.2 Total cash at end of year (item 3.21)	19,003	174,785
	19,003	174,785

6. Earnings per security (EPS)

	30 June2016	30 June2015
6.1 6.2 6.3 Basic losses per share Weighted average number of ordinary shares used as the denominator in calculating basic earnings per share Diluted losses per share	(0.75 cents) 336,547,516 (0.75 cents)	(1.28 cents) 205,961,274 (1.28 cents)

7. NTA backing

7. NTA backing
	30 June 2016	30 June 2015
7.1 NTA backing per ordinary security	$(0.002)	$(0.005)

30 June 2016 Appendix 4E

Memphasys Limited Preliminary Final Report 30 June 2016

8. Segment Reporting

Year ended 30 June 2016 Revenue from sales or services Income from outside operating activities: Grant income Interest income Discontinued operation result Total segment income Total segment losses from continuing operations Total segment loss from discontinued operations Total segment loss from continuing & discontinued operations Year ended 30 June 2015 - Restated Revenue from sales or services Income from outside operating activities: Grant income Interest income Other income Discontinued operation result Total segment income Total segment profit/(loss) from continuing operations Total segment (loss)/profit from discontinued operations Total segment profit/(loss) from continuing & discontinued operations Segment assets Opening balance 1 July 2015 Additions/disposals/others Closing balance 30 June 2016	Consumable products Separations Corporate Group result $ $ $ $ - 63,960 - 63,960 - 79,453 - 79,453 - - 2,220 2,220 517,542 - - 517,542
	517,542 143,413 2,220 663,175
	- (35,159) (2,343,562) (2,378,721)
	(130,803) - - (130,803)
	(130,803) (35,159) (2,343,562) (2,509,524)
	Consumable products Separations Corporate Group result $ $ $ $ - 79,900 - 79,900 - 376,584 - 376,584 - - 5,075 5,075 - - 77,945 77,945 948,094 - - 948,094
	948,094 456,484 83,020 1,487,598
	- 248,778 (2,608,797) (2,360,019)
	(285,665) - - (285,665)
	(285,665) 248,778 (2,608,797) (2,645,684)
	Consumable products Separations Corporate Total assets $ $ $ $ 672,335 2,347,245 3,824,888 6,844,468 (477,802) 745,079 82,732 350,010 194,533 3,092,324 3,907,620 7,194,478

30 June 2016 Appendix 4E

Memphasys Limited Preliminary Final Report 30 June 2016

Matters subsequent to the end of the financial year

The following events occurred subsequent to the end of the financial year:

On 1 July 2016 NuSep Holdings Ltd changed its name to Memphasys Limited.
On 5 August 2016 the Company lodged the R&D tax claim for an amount of $497,355 which was approved by AusIndustry on 12 August 2016.

Annual General Meeting

The annual general meeting will be held as follows:

Place	30 Richmond Road, Homebush West, NSW 2140
Date	TBC
Time	TBC
Approximate date the annual report will be available	Monday 10thOctober 2016

30 June 2016 Appendix 4E

Memphasys Limited Preliminary Final Report 30 June 2016

Compliance statement

1 The report has been prepared in accordance with the Corporations Act 2001, the recognition and measurement criteria of Accounting Standards and Urgent Issues Group Interpretations, and complies with other requirements of the law. Accounting Standards, include Australian equivalents to International Financial Reporting Standards “AIFRS”. Compliance with AIFRS ensures that the consolidated financial statements and notes of the consolidated entity comply with International Financial Reporting Standards “IFRS”.
2 This report, and the accounts upon which the report is based, use the same accounting policies.
3 This report does give a true and fair view of the matters disclosed.
4 This report is based on accounts that are in the process of being audited. Details of any qualifications will follow immediately they are available.
6 The entity has a formally constituted Audit Committee.

Signed:

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Name: Alison Coutts Chairman Date: 30 August 2016

30 June 2016 Appendix 4E

AI assistant

MEMPHASYS LIMITED. Annual Report 2016

65314_rns_2016-08-30_f72e4795-3258-4d34-9579-37312afde3a8.pdf

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For announcement to the market

1. Consolidated Statement of Profit or Loss and Other Comprehensive Income

Consolidated accumulated losses

2. Consolidated Statement of Financial Position

3. Consolidated Statement of Cash Flow

4. Consolidated Statement of Changes in Equity

5. Reconciliation of cash

6. Earnings per security (EPS)

7. NTA backing

8. Segment Reporting

Matters subsequent to the end of the financial year

Annual General Meeting

Compliance statement

AI assistant

MEMPHASYS LIMITED. — Annual Report 2016

65314_rns_2016-08-30_f72e4795-3258-4d34-9579-37312afde3a8.pdf

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For announcement to the market

1. Consolidated Statement of Profit or Loss and Other Comprehensive Income

Consolidated accumulated losses

2. Consolidated Statement of Financial Position

3. Consolidated Statement of Cash Flow

4. Consolidated Statement of Changes in Equity

5. Reconciliation of cash

6. Earnings per security (EPS)

7. NTA backing

8. Segment Reporting

Matters subsequent to the end of the financial year

Annual General Meeting

Compliance statement

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MEMPHASYS LIMITED. Annual Report 2016

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