Appendix 4D Half Year Ending
31-Dec-16
Leaf Resources Limited ABN 18 074 969 056 Appendix 4D for the half year ended 31 December 2016(previous corresponding period : half year ended 31 December 2015)
The information contained in this document should be read in conjunction with the financial statements for the year ended 30 June 2016 and any public announcements made by Leaf Resources Limited and its controlled entities ('the Group') during the interim reporting period in accordance with continuous disclosure obligations arising under the Corporations Act 2001.
1
Results for announcement to the market
Current period
Previous corresponding period
$000
$000
2.1 Revenue from ordinary activities
0
50
increase in revenue:
-50
Percentage increase:
-100%
2.2 Loss from ordinary activities after tax attributable to members
Increase in loss from ordinary:
activities after tax attributable to members
3,844
2,474
1,370
Percentage increase:
181%
2.3 Net loss for the period attributable to members
3,844
1,370
Increase in net loss for the period attributable to members:
2,474
Percentage increase (decrease):
181%
2.4 Dividends
NIL
NIL
There were no dividends declared and paid during the half year on ordinary shares.
There were no dividends proposed and not yet recognised as a liability during the half year.
Dividend Record Date Not applicable
Explanation of operating performance
Refer to the operating and financial review in the Directors' Report of the Financial Statements for the current reporting period.
Net tangible assets per ordinary security
Current period
Previous corresponding period
Net tangible assets | $ 1,542,752 | $ 1,914,888 |
Issued share capital at reporting date ($000) | $ 44,041 | $ 39,908 |
Number of shares on issue at reporting date | 167,115,853 | 133,279,760 |
Net tangible assets backing per ordinary share | $ 0.0092 | $ 0.0144 |
4 | Acquisitions and divestments |
4.1 During the period to 31 December 2016, control was gained over the following entities: Leaf Resources USA,LLC
Control was gained on 15 July 2016 when the company was formed in
Delaware, USA. Leaf Resources USA, LLC has invested in Leaf Development, LLC, an associated company. During the reporting period, Leaf Resources USA contributed $1,514,691 to the Group's loss from ordinary activities. This amount represented it's share of loss from Leaf Development.
Leaf Performance Plan Pty Ltd
Control was gained on 1 July 2016 when the company was incorporated. The company acts soley as trustee of the Leaf Performance Plan Trust and does not contribute towards the Group's loss from ordinary activites.
Details of dividends
There were no dividends paid during the period, or payable at 31 December 2016.
5
Dividend Reinvestment Plans
The company has no dividend reinvestment plan.
6
Associates and joint ventures
On 15 July 2016, Leaf Development, LLC was formed in Texas, USA and became an associate of the reporting entity. At 31 December 2016, the Group held 59.7% of Leaf Development, LLC. Agreements are in place to increase this holding upon successful completion of specified milestones (refer ASX announcement 20 July 2016). During the reporting period, the Group's share of Leaf Deveopment, LLC's loss contributed $1,514,691 towards it's loss from ordinary activities.
7
Accounting standards
The financial report for the group has been prepared in accordance with Australian Equivalents to International Financial Reporting Standards.
8
Auditors' review report
The review report prepared by the independent auditor Grant Thornton is not subject to any dispute or qualification, and is provided with the half year financial statements.
9
LEAF RESOURCES
Appendix 4D
Interim Financial Report
For the half-year ended 31 December 2016 ABN 18 074 969 056
Leaf Resources Ltd 2016 Interim Report l 1
Contents
Directors' Report 3
Auditor's Independence Declaration 7
Interim Consolidated Financial Statements
Consolidated Statement of Profit or Loss and Comprehensive Income 8
Consolidated Statement of Financial Position 9
Consolidated Statement of Changes in Equity 10
Consolidated Statement of Cash Flows 11
Notes to the Financial Statements 12
Directors' Declaration 23
Independent Auditors Report 24
Corporate Directory 26
Leaf Resources Ltd 2016 Interim Report l 2
Leaf Resources Limited published this content on 28 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 February 2017 04:43:08 UTC.
Original documenthttp://www.leafresources.com.au/UserFiles/files/Documents/LER_31-12-16_HYR-Appendix-4D.pdf
Public permalinkhttp://www.publicnow.com/view/0B517BBC8AA38E87D9EA6BC2890711B965CD88BB