POINTERRA LIMITED — Annual Report 2020

Aug 30, 2020

Appendix 4E Preliminary final report Year ended 30 June 2020

Rule 4.3A

Appendix 4E

Preliminary final report

Name of entity:

Pointerra Limited

1. ABN or equivalent company reference: 39 078 388 155	Reporting period: Year ended 30 June 2020	Previous corresponding period:
39 078 388 155	Year ended 30 June 2020	Year ended 30 June 2019

2. Results for announcement to the market

2. Results for announcement to the market
	$
2.1 Revenue from ordinary activities 2.2 Loss from ordinary activities for the period after tax attributable to members 2.3 Net loss for the period attributable to members	Up 115% to 2,008,856 Up (47%) to (2,806,464) Up (47%) to (2,806,464)
2.4 Dividends	Amount per security	Franked amount per security
Final dividend Interim dividend	Nil Nil	N/A **N/A **
2.5 Record date for determining entitlements to the dividends N/A 2.6 Brief explanation of any of the figures reported above to enable the figures to be understood: It is recommended that the Appendix 4E be read in conjunction with the Company’s ASX releases made during the year in accordance with the continuous disclosure obligations under the ASX listing rules. Revenue from ordinary activities for FY20 includes $1,317,537 of subscription income by paying customers as well as a $526,943 research and development (R&D) refundable tax offset, resulting from the company’s ongoing R&D activities in developing its cloud-based digital asset management platform for 3D data. Subscription income recognised is less than subscriptions actually received from customers during the year with the differences reflected in accounts receivable and deferred (unearned) revenue, which will be brought to account during FY21.

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Appendix 4E Preliminary final report Year ended 30 June 2020

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

	Note Revenue Other income Expenses Cost of services Administrative expenses Advertising and marketing expenses Compliance and regulatory expenses Research and development expenses Share based payment expenses Other expenses Loss before income tax Income tax expense Loss after income tax for the year Other comprehensive income for the year Total comprehensive loss for the year Net of tax attributable to members of the Company Loss per share attributable to members of the Company Basic loss per share (cents) Diluted lossper share(cents)	Current Period Previous Corresponding Period 30 June 2020 30 June 2019 $ $ 1,317,537 443,504 691,319 492,018
		(146,096) (29,000) (1,713,005) (1,055,704) (8,334) (22,143) (157,746) (183,732) (1,458,979) (1,087,207) (690,885) (13,601) (640,275) (451,171)
		(2,806,464) (1,907,036) - -
		(2,806,464) (1,907,036) (4,737) (9,371)
		(2,811,201) (1,916,407)
		(0.50) (0.37) (0.50) (0.37)

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Appendix 4E Preliminary final report Year ended 30 June 2020

4. Statement of Financial Position

	Note Current Assets Cash and cash equivalents Trade and other receivables Other Total Current Assets Non-Current Assets Plant and equipment Other intangible assets Right of use assets Total Non-Current Assets Total Assets Current Liabilities Trade and other payables Lease liabilities Deferred revenue Provisions Total Current Liabilities Non-Current Liabilities Lease liabilities Total Non-Current Liabilities Total Liabilities Net Assets Equity Issued capital Reserves Accumulated losses Total Equity	Current Period Previous Corresponding Period 30 June 2020 30 June 2019 $ $ 2,336,873 947,336 602,175 535,560 41,696 80,649
		2,980,744 1,563,545
		63,471 58,735 74,501 60,431 380,805 -
		518,777 119,166
		3,499,521 1,682,711
		875,405 500,112 81,586 - 811,210 282,359 447,104 164,269
		2,215,305 946,740
		345,837 -
		345,837 -
		2,561,142 946,740
		938,379 735,971
		9,175,897 6,821,694 2,238,987 1,552,839 (10,476,505) (7,638,562)
		938,379 735,971

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Appendix 4E Preliminary final report Year ended 30 June 2020

5. Consolidated Statement of Cash Flows

	Cash flows from operating activities Receipts from customers Payments to suppliers and employees Interest and other costs of finance paid Interest received Government grants and tax incentives Net cash flows used in operating activities Cash flows from investing activities Payments to acquire property, plant and equipment Payments to acquire intangible and other assets Net cash flows used in investing activities Cash flows from financing activities Proceeds from shares issued Payment of share issue costs Lease payments Net cash flows from financing activities Net increase (decrease) in cash and cash equivalents Effect of movement in exchange rates on cash held Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year	Current Period Previous Corresponding Period 30 June 2020 30 June 2019 $ $ 1,843,086 851,860 (3,207,303) (2,803,353) (28,665) (2,713) 1,309 19,083 589,167 486,903
		(802,406) (1,448,220)
		(60,476) (29,300) (36,238) (30,812)
		(96,714) (60,112)
		2,500,000 1,150,000 (159,880) (62,454) (29,761) -
		2,310,359 1,087,546
		1,411,239 (420,786) (21,702) (17,712) 947,336 1,385,834
		2,336,873 947,336

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Appendix 4E Preliminary final report Year ended 30 June 2020

6. Consolidated Statement of Changes in Equity

Issued capital Share-based payment reserve Foreign exchange reserve Accumulated losses Total $ $ $ $ $ Balance at 1 July 2018 5,728,469 1,550,551 (1,942) (5,731,526) 1,545,552 Loss for the year - - - (1,907,036) (1,907,036) Other comprehensive income - - (9,371) - (9,371) Total comprehensive loss for the year - - (9,371) (1,907,036) (1,916,407) Transactions with owners recorded directly in equity Shares issued 1,150,000 - - - 1,150,000 Share issue transaction costs (56,775) - - - (56,775) Share-based payments - 13,601 - - 13,601 Balance as at 30 June 2019 6,821,694 1,564,152 (11,313) (7,638,562) 735,971 Balance at 1 July 2019 6,821,694 1,564,152 (11,313) (7,638,562) 735,971 Loss re-stated – AASB 16 - - - (31,479) (31,479) Loss for the year - - - (2,806,464) (2,806,464) Other comprehensive income - - (4,737) - (4,737) Total comprehensive loss for the year - - (4,737) (2,806,464) (2,811,201) Transactions with owners recorded directly in equity Shares issued 2,500,000 - - - 2,500,000 Share issue transaction costs (145,797) - - - (145,797) Share-based payments - 690,885 - - 690,885 Balance as at 30 June 2020 9,175,897 2,255,037 (16,050) (10,476,505) 938,379	Issued capital Share-based payment reserve Foreign exchange reserve Accumulated losses Total $ $ $ $ $ Balance at 1 July 2018 5,728,469 1,550,551 (1,942) (5,731,526) 1,545,552 Loss for the year - - - (1,907,036) (1,907,036) Other comprehensive income - - (9,371) - (9,371) Total comprehensive loss for the year - - (9,371) (1,907,036) (1,916,407) Transactions with owners recorded directly in equity Shares issued 1,150,000 - - - 1,150,000 Share issue transaction costs (56,775) - - - (56,775) Share-based payments - 13,601 - - 13,601 Balance as at 30 June 2019 6,821,694 1,564,152 (11,313) (7,638,562) 735,971 Balance at 1 July 2019 6,821,694 1,564,152 (11,313) (7,638,562) 735,971 Loss re-stated – AASB 16 - - - (31,479) (31,479) Loss for the year - - - (2,806,464) (2,806,464) Other comprehensive income - - (4,737) - (4,737) Total comprehensive loss for the year - - (4,737) (2,806,464) (2,811,201) Transactions with owners recorded directly in equity Shares issued 2,500,000 - - - 2,500,000 Share issue transaction costs (145,797) - - - (145,797) Share-based payments - 690,885 - - 690,885 Balance as at 30 June 2020 9,175,897 2,255,037 (16,050) (10,476,505) 938,379	Issued capital Share-based payment reserve Foreign exchange reserve Accumulated losses Total $ $ $ $ $ Balance at 1 July 2018 5,728,469 1,550,551 (1,942) (5,731,526) 1,545,552 Loss for the year - - - (1,907,036) (1,907,036) Other comprehensive income - - (9,371) - (9,371) Total comprehensive loss for the year - - (9,371) (1,907,036) (1,916,407) Transactions with owners recorded directly in equity Shares issued 1,150,000 - - - 1,150,000 Share issue transaction costs (56,775) - - - (56,775) Share-based payments - 13,601 - - 13,601 Balance as at 30 June 2019 6,821,694 1,564,152 (11,313) (7,638,562) 735,971 Balance at 1 July 2019 6,821,694 1,564,152 (11,313) (7,638,562) 735,971 Loss re-stated – AASB 16 - - - (31,479) (31,479) Loss for the year - - - (2,806,464) (2,806,464) Other comprehensive income - - (4,737) - (4,737) Total comprehensive loss for the year - - (4,737) (2,806,464) (2,811,201) Transactions with owners recorded directly in equity Shares issued 2,500,000 - - - 2,500,000 Share issue transaction costs (145,797) - - - (145,797) Share-based payments - 690,885 - - 690,885 Balance as at 30 June 2020 9,175,897 2,255,037 (16,050) (10,476,505) 938,379
	Balance at 1 July 2018 Loss for the year Other comprehensive income Total comprehensive loss for the year Transactions with owners recorded directly in equity Shares issued Share issue transaction costs Share-based payments Balance as at 30 June 2019 Balance at 1 July 2019 Loss re-stated – AASB 16 Loss for the year Other comprehensive income Total comprehensive loss for the year Transactions with owners recorded directly in equity Shares issued Share issue transaction costs Share-based payments Balance as at 30 June 2020	Issued capital Share-based payment reserve Foreign exchange reserve Accumulated losses Total $ $ $ $ $ 5,728,469 1,550,551 (1,942) (5,731,526) 1,545,552 - - - (1,907,036) (1,907,036) - - (9,371) - (9,371)
		- - (9,371) (1,907,036) (1,916,407) 1,150,000 - - - 1,150,000 (56,775) - - - (56,775) - 13,601 - - 13,601
		6,821,694 1,564,152 (11,313) (7,638,562) 735,971
		6,821,694 1,564,152 (11,313) (7,638,562) 735,971 - - - (31,479) (31,479) - - - (2,806,464) (2,806,464) - - (4,737) - (4,737)
		- - (4,737) (2,806,464) (2,811,201) 2,500,000 - - - 2,500,000 (145,797) - - - (145,797) - 690,885 - - 690,885
		9,175,897 2,255,037 (16,050) (10,476,505) 938,379

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Appendix 4E Preliminary final report Year ended 30 June 2020

7. Dividends (in the case of a trust, distributions)

Date dividend is payable Record date to determine entitlements to the dividend If it is a final dividend, has it been declared?	N/A
	N/A
	N/A

Amount per security

	Amount per security	Franked amount per security at 30% tax	Amount per security of foreign source dividend
Final dividend: Currentyear	Nil	N/A	N/A
Interim dividend: Currentyear	Nil	N/A	N/A

Total dividend (distribution) per security (interim plus final)

Ordinary securities Preference securities	Current period	Previous Corresponding Period
	N/A N/A	N/A N/A

8. Dividend or distribution plans in operation

N/A

The last date(s) for receipt of election notices for the dividend or distribution plans N/A

9. Net tangible asset (NTA) backing

	Current Period Previous Corresponding Period 30 June 2020 30 June 2019 $ $
Net tangible asset backing per ordinary security (cents)	0.08 0.13

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Appendix 4E Preliminary final report Year ended 30 June 2020

10. Control gained over entities having material effect

Name of entity (or group of entities) N/A

Consolidated loss from ordinary activities after tax of the controlled entity (or group of entities) since the date in the current period on which control was acquired Date from which such loss has been calculated Loss from ordinary activities after tax of the controlled entity (or group of entities) for the whole of the previous corresponding period

N/A N/A N/A

Loss of control of entities having material effect

Name of entity (or group of entities) N/A

Consolidated profit (loss) from ordinary activities after tax of the controlled entity (or group of entities) for the current period to the date of loss of control Date to which the profit (loss) has been calculated Consolidated profit (loss) from ordinary activities after tax of the controlled entity (or group of entities) while controlled during the whole of the previous corresponding period Contribution to consolidated profit (loss) from ordinary activities from sale of interest leading to loss of control

N/A N/A N/A N/A

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Appendix 4E Preliminary final report Year ended 30 June 2020

11. Material interests in entities which are not controlled entities

The economic entity has an interest (that is material to it) in the following entities. (If the interest was acquired or disposed of during either the current or previous corresponding period, indicate date of acquisition “from dd/mm/yy” or disposal “to dd/mm/yy”)

Name of entity	Percentage of ownership interest held at end of period or date of disposal	Percentage of ownership interest held at end of period or date of disposal	Contribution to net profit (loss)	Contribution to net profit (loss)
Equity accounted associates and joint venture entities	Current period	Previous corresponding period	Current period $	Previous corresponding period $
Total	N/A	N/A	N/A	N/A
Other material interests
Total	N/A	N/A	N/A	N/A

12. Significant information

Any other significant information needed by an investor to make an informed assessment of the entity’s financial performance and financial position:

N/A

13. Foreign entities set of accounting standards used in compiling the report (IAS)

The consolidated financial statements comply with International Financial Reporting Standards (IFRS) adopted by the International Accounting Standards Board (IASB). A statement of significant accounting policies is detailed in the Annual Report which is in the process of being audited.

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Appendix 4E Preliminary final report Year ended 30 June 2020

14. Commentary on the results for the period

14.1 Earnings per security (EPS)

	Current Period 30 June 2020	Previous Corresponding Period 30 June 2019
Basic EPS (cents per share)	(0.50)	(0.37) (0.37)
Diluted EPS(centsper share)	(0.50)

14.2 Returns to shareholders (Including distributions and buy backs)

Ordinary securities Preference securities Other equity instruments Total	Current Period 30 June 2020 $	Previous Corresponding Period 30 June 2019 $
	N/A N/A **N/A **	N/A N/A N/A
	**N/A **	N/A

The dividend or distribution plans shown below are in operation.

N/A

The last date(s) for receipt of election notices for the dividend or distribution plans N/A Any other disclosures in relation to dividends (distributions). N/A

14.3 Significant features of operating performance

N/A

14.4 Segment Information

The Group has only one reportable segment, being the development and commercialisation of its unique 3D geospatial data technology.

14.5 Report on trends in performance

N/A

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Appendix 4E Preliminary final report Year ended 30 June 2020

• 14.6 Report any factors which have affected the results during the reporting period or which are likely to affect results in the future, including those where the effect could not be quantified.

N/A

15. Compliance statement

This report is based on accounts to which one of the following applies. (Tick one)

¨ The accounts have been audited. ¨ The accounts have been subject to review. ü The accounts are in the process of ¨ The accounts have not yet been being audited or subject to review. audited or reviewed.

16. If the accounts have not yet been audited or subject to audit review and are likely to be subject to dispute or qualification, a description of the likely dispute or qualification:

N/A

17. If the accounts have been audited or subject to review and are subject to dispute or qualification, a description of the dispute or qualification:

N/A

Sign here: ............................................................ Date: 31 August 2020 (Director)

Print name: Ian Olson

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