Manningham Community Enterprises : Half Yearly Report - Half-Yearly Financial Report for period ended 31 December 2021

FORM: Half yearly/preliminary final report

Name of issuer

Manningham Community Enterprises Limited

ACN or ARBN

Half

yearly

Preliminary

Half

year/financial year

ended

(tick)

final (tick)

('Current period')

69 101 174 270



31 December 2021

For announcement to the market

Extracts from this statement for announcement to the market (see note 1).

$A,000

Revenue (item 1.1)

down

1%

to

1,325

Profit (loss) for the period (item 1.9)

down

52%

to

119

Profit (loss) for the period attributable to

down

52%

to

119

members of the parent (item 1.11)

Dividends

Current period

Previous corresponding

period

Franking rate applicable:

100%

100%

Final dividend (preliminary final report only)(item 10.13-

10.14)

Amount per security

8¢

8¢

Franked amount per security

100%

100%

Interim dividend (Half yearly report only) (item 10.11 -

10.12)

Amount per security

-

-

Franked amount per security

-

-

Short details of any bonus or cash issue or other item(s) of importance not previously released to the

market:

n/a

-1-

© Copyright National Stock Exchange of Australia Limited ("NSX")

Consolidated income statement (The figures are not equity accounted)

(see note 3)

(as per paragraphs 81-85 and 88-94 of AASB 101: Presentation of Financial Statements)

		Current period - $	Previous
			corresponding
			period - $
1.1	Revenues (item 7.1)
1,324,650	1,332,294
1.2	Expenses, excluding finance costs (item 7.2)	(1,148,499)	(989,813)
1.3	Finance costs	(15,750)	(21,135)
1.4	Share of net profits (losses) of associates	-	-
	and joint ventures (item 15.7)
1.5	Profit (loss) before income tax	160,401	321,346
1.6	Income tax expense (see note 4)	(41,349)	(74,002)
1.7	Profit (loss) from continuing operations	-	-
1.8	Profit (loss) from discontinued operations	-	-
	(item 13.3)
1.9	Profit (loss) for the period	119,052	247,344
1.10	Profit (loss) attributable to minority interests	-	-
1.11	Profit (loss) attributable to members of	119,052	247,344
	the parent
1.12	Basic earnings per security (item 9.1)	5.51¢	11.45¢
1.13	Diluted earnings per security (item 9.1)	5.51¢	11.45¢
1.14	Dividends per security ( item 9.1)	8¢	8¢

Comparison of half-year profits

(Preliminary final statement only)

1. Consolidated profit (loss) after tax attributable to members reported for the 1st
   half year (item 1.11 in the half yearly statement)
2. Consolidated profit (loss) after tax attributable to members for the 2nd half year

Current period - $	Previous
	corresponding period
	- $
119,052	247,344
-	126,507

Consolidated balance sheet

(See note 5)

(as per paragraphs 68-69 of AASB 101: Financial Statement Presentation)

	Current assets	Current period - $	Previous
				corresponding period
				- $
3.1	Cash and cash equivalents
1,250,282	1,537,104
3.2	Trade and other receivables	221,890	217,399
3.3	Inventories	-	-
3.4	Other current assets (current tax asset)	-	-
3.5	Total current assets
1,472,172	1,754,503
	Non-current assets
3.6	Available for sale investments	-	-
3.7	Right of use assets	315,556	-
3.8	Investments in associates	-	-
3.9	Deferred tax assets	91,096	88,451
3.10	Exploration and evaluation expenditure	-	-
	capitalised (see para. 71 of AASB 1022 - new
	standard not yet finalised)
3.11	Development properties (mining entities)	-	-
3.12	Property, plant and equipment (net)	200,299	224,176
3.13	Investment properties	-	387,949
3.14	Goodwill	-	-
3.15	Other intangible assets	30,900	44,125
3.16	Other (financial assets)	-	-
3.17	Total non-current assets
	637,851	744,701
3.18	Total assets		2,110,023	2,499,204
	Current liabilities
3.19	Trade and other payables		169,539	447,002
3.20	Short term borrowings		-	-
3.21	Current tax payable		64,726	40,371
3.22	Short term provisions		162,017	138,029
3.23	Current lease liabilities		237,259	227,242
3.24	Other current liabilities (provide details if		-	-
	material)
			633,541	852,644
3.25	Liabilities directly associated with non-current
	-	-
	assets classified as held for sale (para 38 of
	AASB 5)
3.26	Total current liabilities
	633,541	852,644

	Non-current liabilities
		Current period - $	Previous
			corresponding period
			- $
3.27	Provisions
62,011	60,712
3.28	Lease liabilities	275,643	396,811
3.29	Long term provisions	10,670	7,094
3.30	Other (other payables)	-	-
3.31	Total non-current liabilities
348,324	464,617
3.32	Total liabilities	981,865	1,317,261
3.33	Net assets	1,128,158	1,181,943
	Equity
3.34	Share capital	1,138,759	1,138,759
3.35	Other reserves	-	-
3.36	Retained earnings	(10,601)	43,184
	Amounts recognised directly in equity relating	-	-
	to non-current assets classified as held for
	sale
3.37	Parent interest	-	-
3.38	Minority interest	-	-
3.39	Total equity	1,128,158	1,181,943

Expenses recognised directly in equity:

Consolidated statement of changes in equity

(as per paragraphs 96-97 of AASB 101: Presentation of Financial Statements)

	Current period - $	Previous
		corresponding
		period - $
Revenues recognised directly in equity:
-	-

--

4.1	Net income recognised directly in equity	-	-
4.2	Profit for the period
119,052	247,344
4.3	Total recognised income and expense for	119,052	247,344
	the period
	Attributable to:
4.4	Members of the parent	119,052	247,344
4.5	Minority interest	-	-
	Effect of changes in accounting policy (as per
	AASB 108: Accounting Policies, Changes in Accounting
	Estimates and Errors):
4.6	Members of the parent entity	-	-
4.7	Minority interest	-	-