HyTerra : Annual Report to shareholders (31 March 2022)

For personal use only

HyTerra Ltd

(formerly Triple Energy Limited)

ABN 68 116 829 675

Annual Report

31 March 2022

For personal use only

Contents

Corporate Information

Directors' Report

Auditor's Independence Declaration

Statement of Comprehensive Income

Statement of Financial Position

Statement of Changes in Equity

Statement of Cash Flows

Notes to the Financial Statements

Directors' Declaration

Independent Auditor's Report

Additional ASX Information

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For personal use only

DIRECTORS' REPORT

CORPORATE INFORMATION

ABN 68 116 829 675
Directors
Mr Murray d'Almeida	Chairman and Independent Non-Executive Director
Mr Paul Garner	Independent Non-Executive Director
Mr Avon McIntyre	Executive Director
Mr Po Siu Chan	Executive Director
Company secretary
Mr Alex Neuling

Registered office and Principal place of business

Unit 9, 335 Hay Street, Subiaco WA 6008

PO Box 899, Cottesloe WA 6011

Telephone:	[phone]
Facsimile:	[phone]

Postal address:

PO Box 807

SUBIACO

WA 6904

Share register

Advanced Share Registry Limited

110 Stirling Highway

Nedlands WA 6009

Solicitors

Steinepreis Paganin

Level 4, Next Building

16 Milligan Street

PERTH WA 6000

Bankers

National Australia Bank

Level 1, 1238 Hay Street

WEST PERTH WA 6005

Auditors

HLB Mann Judd (WA Partnership)

Level 4, 130 Stirling Street

PERTH WA 6000

Website www.hyterra.com.au

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DIRECTORS' REPORT

For personal use only

Your directors submit their annual financial report of HyTerra Ltd, formerly known as Triple Energy Limited ('Triple', 'TNP') for the financial year ended 31 March 2022. In order to comply with the provisions of the Corporations Act 2001, the directors report as follows:

Directors

The names of directors who held office during or since the end of the year and until the date of this report are as follows. Directors were in office for this entire period unless otherwise stated.

Current Directors
Mr Murray d'Almeida	Chairman and Independent Non-Executive Director
Mr Po Siu Chan	Executive Director (appointed 27 January 2021)
Mr Paul Garner	Independent Non-Executive Director (appointed 10 September 2021)
Mr Avon McIntyre	Executive Director (appointed 24 February 2022)
Previous Directors in office during all or part of year ended 31 March 2022
Mr Colin Hiles	Non-Executive Director (appointed 27	January 2021, resigned 23 June 2021)
Ms Fung Ming Pang	Non-Executive Director (appointed 27	January 2021, resigned 31 May 2021)
Mr Tun Yiu (Michael) Kei	Executive Director (resigned 10 September 2021)

Names, qualifications, experience and special responsibilities

CURRENT DIRECTORS

Mr Murray d'Almeida

Independent Chairman and Non-Executive Director (Appointed 18 July 2017)

Mr d'Almeida has over 35 years of diverse national and international business experience. He commenced his career in Perth with a firm of Chartered Accountants before moving into a broad range of commercial and financial reporting positions with two major USA based mining companies. He founded the Australian and international retailer Retail Food Group, and developed their presence in seven overseas countries. He has maintained operating and board positions within a range of financial services, mining, commercial academic, government, sporting businesses and organisations.

Mr d'Almeida is currently chairman of Barrack Street Investments Limited, Deputy Chancellor of Southern Cross University and a director of Global Masters Limited.

During the three years to balance date Mr D'Almeida has also served as a Director of IncentiaPay Limited (from July 2014 until September 2018).

Mr Paul Garner

Non-Executive Director (Appointed 10 September 2021)

Mr Garner has over 20 years' experience in the oil and gas industry having served on the boards of several public listed companies. He was most recently a non-executive director at Provaris Energy Ltd (formerly Global Energy Ventures Ltd), an ASX listed company in the business of natural gas and hydrogen. Prior to his involvement in the Oil & Gas industry, he spent several years in international business, property, and equity markets. Mr Garner has an extensive knowledge of capital markets, upstream drilling operations and business development in the rapidly evolving new energies sector.

During the three years to balance date Mr Garner has served as a Director of Global Energy Ventures Ltd and Zyber Holdings Ltd as noted above and no other listed companies.

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DIRECTORS' REPORT

For personal use only

CURRENT DIRECTORS (CONTINUED)

Mr Avon McIntyre (Appointed 24 February 2022)

Chief Technical Officer and Executive Director

Mr McIntyre (PhD) is a geologist with 20 years' experience in both minerals and oil and gas exploration industries, with roles in government, service and operating companies. He worked for Shell Development Australia and Shell International in new ventures and new energies from 2008 to 2021, during which time he developed an interest in natural hydrogen occurrences. He has been providing consulting services on an exclusive basis to TNP since October 2021 through his company McIntyre Geological Services Pty Ltd.

During the three years to balance date Mr McIntyre has not served as a Director of any other listed companies.

Mr Po Chan (appointed 27 January 2021)

Executive Director

Mr Chan has previously served as a Triple Director from Feb 2015 to Feb 2017 and was reappointed in January 2021. He is a fellow of Chartered Accountants Australia and New Zealand and is a Director of Afanti Asset Management in Hong Kong. Mr Chan has experience in business consulting and investment banking in China and the Asia Pacific region. Mr Chan has held roles as a Director at PwC in the Advisory division and as a Senior Manager at ANZ in its Project Finance division and has significant experience in transactions in China and Asia Pacific. He holds a Masters Degree in Commerce (specialized in Banking and Finance) from the University of New South Wales in Sydney and a Bachelor Degree in Commerce from the University of Sydney in Sydney.

During the three years to balance date Mr Chan has not served as a Director of any other listed companies.

FORMER DIRECTORS

Ms PANG Fung-Ming (Appointed 27 January 2021, resigned 31 May 2021)

Ms Pang is a Hong Kong qualified accountant and finance professional with extensive corporate experience, including as executive director and chief financial officer of Zhong Yuan Bio-Technology Holdings Limited.

Mr Colin Hiles (Appointed 27 January 2021, resigned 23 June 2021)

Mr Hiles is an experienced retired commercial and corporate lawyer who has been a director of a large number of listed companies in Australia, Hong Kong and China.

Mr Tun Yiu (Michael) Kei (Appointed 15 May 2019, resigned 10 September 2021)

Mr Kei is an executive Director with responsibility for business development and has approximately 29 years of commercial experience, including senior engineering and management experience in the electronics industry in HK, PRC and Philippines. Mr. Kei is a current director of Guangzhou Jinsong Electronic Ltd and Vice-President of the Philippine Xiamen Chamber of Industry and Philippine Xiamen Amity Association.

Company Secretary - Mr Alex Neuling

Mr Neuling is a Chartered Accountant and Chartered Secretary with extensive corporate and financial experience including as director, chief financial officer and / or company secretary of various ASX-listed companies in the Oil & Gas, mining, mineral exploration and other sectors.

Prior to those roles, Alex worked at Deloitte in London and Perth. Alex also holds an honours degree in Chemistry from the University of Leeds in the United Kingdom and is principal of Erasmus Consulting Pty Ltd which provides company secretarial and financial management consultancy services to a variety of ASX-listed and other companies.

Interests in the shares and options of the Company

No Directors held a relevant interest (including indirect interests) in shares or options of the Company or a related body corporate as at the date of this report or the date each Director ceased to be a Director.