Australian Pacific Coal : Extension for Lodgment of Annual Financial Report

ASX RELEASE

29 SEPTEMBER 2021

EXTENSION OF REPORTING AND LODGMENT DATE - 2021 FINANCIAL REPORT

Australian Pacific Coal Limited (ASX: AQC) (AQC or the Company) advises that it will be relying on ASX Class Waiver Decision - Extended Reporting and Lodgement Deadlines ("ASX Class Waiver") and ASIC Corporations (Extended Reporting and Lodgement Deadlines - Listed Entities) Instrument 2020/451 ("ASIC Relief"), to extend the lodgement date for its 30 June 2021 Financial Report.

The Company advises the attached information provided for the year ended 30 June 2021 is unaudited.

Under the ASX Class Waiver, the Company is required to release its full year accounts for the 12 months to 30 June

2021 at the earlier of:

1. when they are ready to be given to ASX; or
2. when they must be given to ASIC under the ASIC Relief.

The Company confirms that it will immediately make further announcement to ASX if it becomes aware that there will be a material difference between its unaudited and its audited Financial Report.

This Announcement was authorised for release by the Board of Australian Pacific Coal Limited.

All enquiries:

Company Secretary

1. [e-mail]

1. [phone]

Australian Pacific Coal Limited	ABN 49 089 206 986
Level 15, 344 Queen Street, Brisbane QLD 4000	∙	PO Box 16330, City East QLD 4002
Tel: [phone] ∙ Fax: [phone]	∙	Web: www.aqcltd.com

Australian Pacific Coal Limited

ABN 49 089 206 986

Unaudited Financial Report - 30 June 2021

Australian Pacific Coal Limited

Unaudited Statement of profit or loss and other comprehensive income

For the year ended 30 June 2021

		Consolidated
	Note	2021	2020
		$	$
Revenue	4	337,926	330,932
Other income	5	13,309	2,745,157
Expenses
Employee benefits expense		(496,621)	(672,317)
Depreciation and amortisation expense	6	(1,151,625)	(1,165,173)
Impairment of capitalised exploration and evaluation	14	(3,619,528)	-
Exploration and evaluation expense		(69,558)	(51,920)
Fair value movement of financial assets	10	(5,503,899)	-
Administration and consulting expenses		(4,905,891)	(6,785,757)
Finance costs	6	(8,301,609)	(7,298,750)
Loss before income tax expense from continuing operations		(23,697,496)	(12,897,828)
Income tax expense	7	-	-
Other comprehensive income
Other comprehensive income for the year, net of tax		-		-
Total comprehensive income for the year		(23,697,496)	(12,897,828)

		Cents	Cents
Earnings per share for profit attributable to the owners of Australian Pacific
Coal Limited
Basic earnings per share	32	(46.7)	(25.5)
Diluted earnings per share	32	(46.7)	(25.5)

The above statement of profit or loss and other comprehensive income should be read in conjunction with the

accompanying notes

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Australian Pacific Coal Limited

Unaudited Statement of financial position

As at 30 June 2021

			Consolidated
	Note	2021	2020
		$	$
Assets
Current assets
Cash and cash equivalents	8	512,136	602,777
Trade and other receivables	9	66,388	68,440
Available for sale asset	10	33,694,192	-
Other	11		110,616		84,853
Total current assets		34,383,332	756,070
Non-current assets
Property, plant and equipment	12	4,737,881	42,737,432
Intangibles	13	-	5,620,000
Exploration and evaluation	14	5,435,242	8,882,799
Other	16	8,998,733		9,103,036
Total non-current assets		19,171,856		66,343,267
Total assets		53,555,188	67,099,337
Liabilities
Current liabilities
Trade and other payables	17	7,788,815	5,912,730
Borrowings	18	82,920,861	74,635,875
Provisions	19	-		7,724
Total current liabilities		90,709,676	80,556,329
Non-current liabilities
Provisions	19	19,550,000		19,550,000
Total non-current liabilities		19,550,000		19,550,000
Total liabilities		110,259,676	100,106,329
Net assets		(56,704,488)	(33,006,992)
Equity
Issued capital	20	60,487,791	60,487,791
Retained profits		(117,192,279)	(93,494,783)
Total equity		(56,704,488)	(33,006,992)

The above statement of financial position should be read in conjunction with the accompanying notes

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Australian Pacific Coal Limited

Unaudited Statement of changes in equity

For the year ended 30 June 2021

	Issued		Retained
	capital		profits		Total equity
Consolidated	$	$	$
Balance at 1 July 2019	60,487,791	(80,596,955)	(20,109,164)
Loss after income tax expense for the year	-	(12,897,828)	(12,897,828)
Other comprehensive income for the year,
net of tax	-		-		-
Total comprehensive income for the year	-	(12,897,828)	(12,897,828)
Transactions with owners in their capacity as
owners:
Contributions of equity, net of transaction
costs	-		-		-
Balance at 30 June 2020	60,487,791	(93,494,783)	(33,006,992)

	Issued		Retained
	capital		profits		Total equity
Consolidated	$	$	$
Balance at 1 July 2020	60,487,791	(93,494,783)	(33,006,992)
Loss after income tax expense for the year	-	(23,697,496)	(23,697,496)
Other comprehensive income for the year, net
of tax	-		-		-
Total comprehensive income for the year	-	(23,697,496)	(23,697,496)
Transactions with owners in their capacity as
owners:
Contributions of equity, net of transaction costs	-		-		-
Balance at 30 June 2021	60,487,791	(117,192,279)	(56,704,488)

The above statement of changes in equity should be read in conjunction with the accompanying notes

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