VERBREC LIMITED — Interim / Quarterly Report 2021

Feb 24, 2021

Verbrec Limited ABN 90 127 897 689

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Half-year final report for the period ended 31 December 2020 Lodged with the ASX under listing Rule 4.2A

Results for announcement to the market 31 December 2020

Verbrec Limited

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Appendix 4D 31 Dec 31 Dec
2020 2019 Variance Variance
Reference
$’000 $’000 $’000 %
2.1 Revenue 47,596 64,548 (16,952) (26.3)%
from ordinary activities
2.2 Profit/(loss) 1,097 2,091 (994) (47.5)%
from ordinary activities after tax
attributable to members
2.3 Net profit/(loss) for the period 1,091 2,172 (1,081) (49.8)%
attributable to members
2.4 Dividends/distributions No dividends were paid during the period, and no
dividends have been proposed for payment
2.5 Record date Not applicable
2.6 Explanation of the figures in 2.1 Refer to Directors’ Report – Review and Results of
to 2.4 Operations
3 Net tangible assets per share 5.8c 3.5c 2.3c 65.7%
(cents) [1]
4 Details of entities over which Verbrec Limited acquired 100% of the equity of Energy
control has been gained or loss Infrastructure Management Pty Ltd (EIM) on 31
December 2020. As the acquisition of EIM was
completed on 31 December 2020 there was no revenue
or profit contribution to the Consolidated Group for the
period
Details of Individual and total
5 Not applicable
Dividends
Details of dividend
6 Not applicable
reinvestment plans in operation
Details of associates or joint The Group holds a 30% share in KEGS Software Pty
7
venture entities Ltd.
8 Foreign entities Foreign entities have been accounted for in accordance
with Australian Accounting Standards
9 The 31 December 2020 interim financial report and accompanying notes for the Group
have been reviewed by the Auditor and is not subject to a modified opinion, emphasis of
matter or other matter paragraph
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1Net tangible assets per share is calculated as total assets less intangible assets, less right-of-use assets adopted under AASB16, less total liabilities.