Frontier Digital Ventures : Appendix 4E Preliminary Financial Report

For personal use only

Frontier Digital Ventures Limited

ABN 25 609 183 959

Appendix 4E

Preliminary Financial Report

"Results for announcement to the Market."

Information for the year ended 31 December 2021 given to ASX under listing rule 4.3A

Key Frontier Digital Ventures Limited information

	2021	2020
Year ended 31 December	$000	$000	Change
Revenues from ordinary operations	51,412	20,827	147%
Profit/(Loss) from ordinary activities after tax attributable to members	(15,104)	(13,195)	20%
Profit/(Loss) after tax attributable to members	(15,104)	(13,195)	20%
	Cents	Cents
Profit/(Loss) per Share (basic)	(4.40)	(4.78)	(3%)
Profit/(Loss) per Share (diluted)	(4.40)	(4.78)	(3%)
NTA per Share	(0.04)	0.18	(121%)

Dividends

Frontier Digital Ventures Limited does not propose to pay a dividend for this reporting period (2020: nil).

Basis of this report

This report includes the attached financial statements of Frontier Digital Ventures Limited and controlled entities for the year ended 31 December 2021. Together these documents contain all information required by Appendix 4E of the Australian Securities Exchange Listing Rules. It should be read in conjunction with Frontier's Annual Report when released and lodged with the Australian Securities Exchange under listing rule 4.3A.

2022 Annual General Meeting

Frontier Digital Ventures Limited advises that its Annual General Meeting will be held on or about 17 May 2022. The time and other details relating to the meeting will be advised in the Notice of Meeting to be sent to all shareholders and released to ASX immediately after despatch.

In accordance with the ASX Listing Rules, valid nominations for the position of director are required to be lodged at the registered office of the Company by 5:00pm (AEST) 24 March 2022 (35 business days before date of AGM).

Audit Status

The financial statements are in the process of being audited. It is expected the Group will be issued with an unmodified opinion at the completion of the audit, which will be finalized in the coming months.

For and on behalf of the Board

Anthony Klok

Chairman

23 February 2022

For personal use only

FRONTIER DIGITAL VENTURES LIMITED

ABN 25 609 183 959

UNAUDITED FINANCIAL STATEMENTS For the financial year ended 31 December 2021

For personal use only

CONTENTS

Directors' Report

Remuneration Report

Consolidated Statement of Comprehensive Income Consolidated Statement of Financial Position Consolidated Statement of Changes in Equity Consolidated Statement of Cash Flows

Notes to the Financial Statements

Directors' Declaration

Corporate Directory

Frontier Digital Ventures Limited and Controlled Entities

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Frontier Digital Ventures Limited

and Controlled Entities

Directors' Report

DIRECTORS' REPORT

The Directors of Frontier Digital Ventures Limited ("the Company" or "FDV") submit the annual financial report of the Company and its subsidiaries ("the Group") for the financial year ended 31 December 2021. In order to comply with the provisions of the Corporations Act 2001, the Directors' report is as follows:

Information about the Directors and senior management

The names and particulars of the Directors of the Company during, or since the end of, the financial year are as follows:

Anthony Klok	Independent Director, non-executive Chairman
Shaun Di Gregorio	Non-independent executive Director and Chief Executive Officer
Mark Licciardo	Independent, non-executive Director and Company Secretary
Frances Po	Independent, non-executive Director (appointed on 8 November 2021)

Details of Directors of the Company, the Company Secretary, the Chief Executive Officer and key management personnel in office at the date of this report, and each of their qualifications, experience and special responsibilities are below.

Name	Experience

For personal

Anthony Klok (Independent Director, non- executive Chairman)

Shaun Di Gregorio (Non-independent executive Director and Chief Executive Officer)

Mr Klok has more than 35 years' advisory and operational experience in diverse areas including legal, corporate advisory, media and technology and internet businesses. Mr Klok is an experienced lawyer and senior executive with considerable experience in sourcing, negotiating and investing in online and technology companies. Mr Klok has significant Board experience within the online classifieds sector as a former non- executive Director of both Carsales and Seek. Mr Klok currently holds board positions with Frontier Digital Ventures, Prospecta, Genero and Camms. Previous board positions included Fox Sports, Carsales, Seek, NineMSN, Ticketek, Sydney SuperDome, Wizard, Betfair and on a number of early stage technology companies.

Mr Klok holds a double degree of Bachelor of Commerce and Laws from the University of Tasmania.

During Mr Di Gregorio's four year tenure as CEO of ASX listed company, iProperty Group Limited, he led the transformation of iProperty Group from a small online business with a market capitalisation of approximately $15 million into one of the largest listed Internet companies in ASEAN with a market capitalisation of approximately $524 million. He was a non-executive director of iCar Asia (ASX:ICQ) until June of 2016 and is an advisor to online classifieds businesses around the world.

Mr Di Gregorio spent eight years as General Manager at Australia-based REA Group, a global leader and publisher of as many as 20 real estate websites in 12 countries. As General Manager of the core Australian business and global leader at 'realestate.com.au', Mr Di Gregorio grew the business alongside a team of eight people with revenue of AU$5million into a company with more than 300 staff and revenues exceeding AU$150 million.

Mr Di Gregorio holds a Master of Business Administration from the Australian Graduate School of Management, part of the University of New South Wales.

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Frontier Digital Ventures Limited

and Controlled Entities

Directors' Report

Directors' Report (cont'd)

Information about the Directors and senior management (cont'd)

For personal use only

Name

Mark Licciardo (Independent, non- executive Director and Company Secretary)

Frances Po (Independent, non-executive Director)

Experience

Mark Licciardo is the founder and Managing Director of Mertons Corporate Services. A former Company Secretary of Top 50 ASX listed companies Transurban Group and Australian Foundation Investment Company Limited, his expertise includes working with boards of directors in the areas of corporate governance, administration and company secretarial. Mark is a Fellow of the Australian Institute of Company Directors (AICD), the Institute of Company Secretaries and Administrators and the Governance Institute of Australia. Mark is a current director of a number of public and private companies and a former Chairman of the Governance Institute of Australia Victoria division, Melbourne Fringe Festival and the Academy of Design Melbourne (LCI Melbourne).

Mr Licciardo holds a Bachelor of Business Degree (Accounting) from Victoria University and a Graduate Diploma in Company Secretarial Practice

Mr Licciardo is a former director of ASX listed entities Ensogo Limited, Mobilicom Limited and iCar Asia Limited.

Frances Po spent more than 36 years specialising in taxation and was a Tax Partner at PricewaterhouseCoopers ("PwC") Malaysia until her retirement in July 2019. During her career at PwC, she held various senior leadership roles including Business unit leader for International Tax Services / Mergers

• Acquisitions Tax from 2012-2019, and Tax business unit leader for
  Energy, Utilities, Multimedia & Infocommunication ("EUMI") from 2005-2012. Frances was a member of the Tax EXCO (Tax Leadership team) and also held the role of Tax people partner for several years.

Frances has worked with some of the largest global private equity funds and corporations in restructuring, mergers & acquisitions and corporate advisory. She is currently an independent non-executive Director at Sentral REIT Management Sdn Bhd; manager of Sentral REIT (KLSE:5123). Sentral REIT owns and invests in income-producing commercial property assets. She brings listed company experience in a fund specialising in the property vertical.

Frances graduated with a Bachelor of Accounting (Hons) from University Malaya. She is a Chartered Accountant with the Malaysian Institute of Accountants, a Fellow of the Chartered Tax Institute of Malaysia and a member of the Institute of Corporate Directors Malaysia.

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