I Global : Preliminary Final Report for the year ended 31 December 2021

I-Global Holdings Limited

Preliminary final report

1. Company details
Name of entity:	I-Global Holdings Limited
ABN:	28 611 470 010
Reporting period:	For the year ended 31 December 2021
Previous period:	For the year ended 31 December 2020

2. Results for announcement to the market
					A$
Revenue from ordinary activities	down	(100.00)	%	to	-
Loss from ordinary activities after tax attributable to the owners
of I-Global Holdings Limited	down	(61.73)	%	to	(203,273)
Loss for the year attributable to the owners of I-Global Holdings
Limited	down	(61.73)	%	to	(203,273)
Dividends

There were no dividends paid, recommended or declared during the current financial period.

Comments

The loss for the consolidated entity after providing for income tax amounted to $203,273 (2020: loss of $125,683).

3.	Net tangible assets
			Previous
		Reporting	period
		period Cents	Cents
Net tangible assets per ordinary security (cents)	(0.84)	(0.62)
4.	Control gained over entities
Not applicable

5. Loss of control over entities

Not applicable

I-Global Holdings Limited

Preliminary final report

6. Dividends

Current period

There were no dividends paid, recommended or declared during the current financial period.

Previous financial period

There were no dividends paid, recommended or declared during the previous financial period.

7. Dividend reinvestment plans

Not applicable

8. Details of associates and joint venture entities

Not applicable

9. Foreign entities

Details of origin of accounting standards used in compiling the report:

Not applicable

10. Audit qualification or review

Details of audit/review dispute or qualification (if any):

The financial statements are currently being audited

11. Attachments

Details of attachments (if any):

The Preliminary Report of I-Global Holdings Limited for the year ended 31 December 2021 is attached.

12. Signed

Justyn Stedwell Company Secretary

On behalf of the Board of Directors I-Global Holdings Limited

28 February 2022

I-Global Holdings Limited

ABN 28 611 470 010

Preliminary Report - 31 December 2021

I-Global Holdings Limited

ABN 28 611 470 010

Statement of Profit or Loss and Other Comprehensive Income

For the Year Ended 31 December 2021

	2021	2020
Note	$	$

Continuing operations

Revenue and other income

Employee benefits expense (including directors fees and remuneration)

Depreciation and amortisation expense

Accounting and audit fees

Consulting and professional fees

Share registry and listing fees

Foreign exchange losses

Other expenses

Finance costs

Loss before income tax

Income tax expense

Net profit for the year

Other comprehensive income, net of income tax

Items that will not be reclassified subsequently to profit or loss

Items that will be reclassified to profit or loss when specific conditions are met

Total comprehensive income for the year

Profit attributable to:

Equity holders of the parent entity

Total comprehensive income attributable to:

Equity holders of the parent entity

Earnings per share:

Basic, gain for the year attributable to ordinary equity holders of the parent (cents)

Diluted, gain for the year attributable to ordinary equity holders of the parent (cents)

Earnings per share for continuing operations:

Basic, loss from continuing operations attributable to ordinary equity holders of the parent (cents)

Diluted, loss from continuing operations attributable to ordinary equity holders of the parent (cents)

1	-	19,849
	(60,000)	(24,000)
2	(77)	(137)
	(41,069)	(34,630)
	(30,000)	(30,000)
	(41,158)	(31,288)
2	(2,952)	-
	(6,493)	(2,706)
2	(21,524)	(22,771)
2	(203,273)	(125,683)
3
-	-
	(203,273)	(125,683)
	-	-
	-	-
	(203,273)	(125,683)
	(203,273)	(125,683)
	(203,273)	(125,683)
	(203,273)	(125,683)
	(203,273)	(125,683)
14
	(0.27)	(0.17)
	(0.27)	(0.17)
14
	(0.27)	(0.17)
	(0.27)	(0.17)

The accompanying notes form part of these financial statements.

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I-Global Holdings Limited

ABN 28 611 470 010

Statement of Financial Position

As At 31 December 2021

ASSETS

CURRENT ASSETS

Cash and cash equivalents

Trade and other receivables

Other assets

TOTAL CURRENT ASSETS

NON-CURRENT ASSETS

Property, plant and equipment

TOTAL NON-CURRENT ASSETS

TOTAL ASSETS

LIABILITIES

CURRENT LIABILITIES

Trade and other payables

Borrowings

TOTAL CURRENT LIABILITIES

NON-CURRENT LIABILITIES

Borrowings

TOTAL NON-CURRENT LIABILITIES

TOTAL LIABILITIES

NET ASSETS/(NET DEFICIENCY)

EQUITY/(NET DEFICIENCY)

Issued capital

Reserves

Accumulated losses

TOTAL EQUITY/(NET DEFICIENCY)

	2021	2020
Note	$	$
4	362	7,296
5	7,201	5,885
6	10,712	10,189
	18,275	23,370
7	99	176
	99	176
	18,374	23,546
8	109,565	51,941
9	239,267	431,520
	348,832	483,461
9	296,997	-
	296,997	-
	645,829	483,461
	(627,455)	(459,915)
10	2,447,510	2,447,510
11	35,733	-
12	(3,110,698)	(2,907,425)
	(627,455)	(459,915)

The accompanying notes form part of these financial statements.

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