Norwood : Appendix 4D & Interim Financial Report

For personal use only

Norwood Systems Limited

ABN 15 062 959 540

and its controlled entity

APPENDIX 4D

Interim Financial Report

31 December 2021

For personal use only

NORWOOD SYSTEMS LIMITED	APPENDIX 4D
AND CONTROLLED ENTITY		Interim Financial Report
ABN 15 062 959 540		31 December 2021
Corporate directory
Current Directors
Mr Paul Ostergaard	Managing Director
Mr Philip Marsland	Non-executive Director (appointed 31 January 2022)
Mr Philip Otley	Non-executive Director (appointed 31 January 2022)
Dr John Tarrant	Non-executive Director (appointed 31 January 2022)

Company Secretary
Mr Stuart Usher	(appointed 8 October 2021)
Registered & Principal Office		Share Registry
Street:	4 Leura Street,		Advanced Share Registry Limited
	Nedlands, WA 6009	Street + Postal:	110 Stirling Highway
				NEDLANDS WA 6009
Postal:	4 Leura Street,		Telephone:	1300 113 258 (within Australia)
	Nedlands, WA 6009		[phone] (International)
Telephone:	[phone]	Facsimile:	[phone]
Email:	[e-mail]	Email:	[e-mail]
Website:	www.norwoodsystems.com	Website:	www.advancedshare.com.au
Auditors			Securities Exchange
BDO Audit (WA) Pty Ltd		Australian Securities Exchange
Level 9, Mia Yellagonga Tower 2	Level 40, Central Park, 152-158 St Georges Terrace
5 Spring Street,			Perth WA 6000
Perth, WA 6000		Telephone:	131 ASX (131 279) (within Australia)
Telephone:	[phone]	Telephone:	[phone]
			Facsimile:	[phone]
Solicitors			Website:	www.asx.com.au
Steinepreis Paganin		ASX Code	NOR
Level 4, The Read Buildings
16 Milligan Street		Bankers
Perth WA 6000			Bankwest
			150 Rokeby Road
			Subiaco WA 6008

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For personal use only

APPENDIX 4D	NORWOOD SYSTEMS LIMITED
Interim Financial Report		AND CONTROLLED ENTITY
31 December 2021		ABN 15 062 959 540
Contents
◼Results for Announcement to the Market .............................................................................................................................	1
◼	Directors' report ....................................................................................................................................................................	3
◼	Auditor's independence declaration......................................................................................................................................	5
◼ Condensed consolidated statement of profit or loss and other comprehensive income	...................................................... 6
◼ Condensed consolidated statement of financial position .....................................................................................................	7
◼ Condensed consolidated statement of changes in equity .....................................................................................................	8
◼ Condensed consolidated statement of cash flows ................................................................................................................	9
◼ Notes to the condensed consolidated financial statements................................................................................................	10
◼	Directors' declaration ..........................................................................................................................................................	20
◼ Independent auditor's review report...................................................................................................................................	21

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NORWOOD SYSTEMS LIMITED

APPENDIX 4D

AND CONTROLLED ENTITY

ABN 15 062 959 540

Interim Financial Report 31 December 2021

	Results for Announcement to the Market
only	for the half-year Ended 31 December 2021
1	REPORTING PERIOD (item 1)
	◼ Report for the period ended:	31 December 2021
	◼ Previous corresponding period is half-year ended:	31 December 2020
2	RESULTS FOR ANNOUNCEMENT TO THE MARKET	Movement		Percentage			Amount
		%			$
	◼ Revenues from ordinary activities (item 2.1)	Increase		12.60		to	525,284
use		◼ Loss from ordinary activities after tax attributable to members	Increase in		484.93		to	(456,886)
		◼		Losses
			(item 2.2)
		◼ Loss from after tax attributable to members (item 2.3)	Increase in		484.93		to	(456,886)
		Losses
		a.	Dividends (items 2.4 and 5)			Amount per	Franked amount
							Security	per security
									₵	%
personal				Interim dividend				nil	n/a
		◼	Final dividend				nil	n/a
		◼ Record date for determining entitlements to the dividend	n/a
				(item 2.5)
		b.	Brief explanation of any of the figures reported above necessary to enable the figures to be understood (item 2.6):
			1.	Revenue represents interest earned and service revenue.
	3	DIVIDENDS (item 3) AND RETURNS TO SHAREHOLDERS INCLUDING DISTRIBUTIONS AND BUY BACKS
		Nil.
		a.	Details of dividend or distribution reinvestment plans in operation are described below (item 6):
			Not applicable
	4	RATIOS							Previous
				Current			corresponding
							period			period
For		a.	Financial Information relating to 4b:			$			$
		Earnings for the period attributable to owners of the parent			(456,886)	(78,109)
		Net assets/(liabilities)			(1,240,786)	(1,147,520)
			Less: Intangible assets				-	-
			Net tangible assets/(liabilities)			(1,240,786)	(1,147,520)
							No.			No.
			Fully paid ordinary shares			283,204,864	260,504,864
		b.	Net tangible assets/ (liability) backing per share (cents) (item 4):			(0.438)			(0.440)

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For personal use only

APPENDIX 4D		NORWOOD SYSTEMS LIMITED
Interim Financial Report			AND CONTROLLED ENTITY
31 December 2021				ABN 15 062 959 540
Results for Announcement to the Market
for the half-year Ended 31 December 2021
5 DETAILS OF ENTITIES OVER WHICH CONTROL HAS BEEN GAINED OR LOST DURING THE PERIOD: (item 5)
a.	Control gained over entities
	◼ Name of entities (item 5.1)		Nil
	◼ Date(s) of gain of control (item 5.2)		n/a
b.	Loss of control of entities
	◼ Name of entities (item 5.1)		Nil
	◼ Date(s) of loss of control (item 5.2)		n/a
c.	Contribution to consolidated loss from ordinary activities after tax by	n/a
	the controlled entity to the date(s) in the current period when control
	was gained / lost (item 5.3).
d.	Loss from ordinary activities after tax of the controlled entity for the	n/a
	whole of the previous corresponding period (item 5.3)
6 DETAILS OF ASSOCIATES AND JOINT VENTURES: (item 6)
◼	Name of entities (item 6)	Nil
◼	Percentage holding in each of these entities (item 6)	N/A
				Current period	Previous
					corresponding
					period
◼	Aggregate share of profits (losses) of these entities (item 6)			N/A	N/A

1. The financial information provided in the Appendix 4D is based on the interim final report (attached), which has been prepared in accordance with Australian Accounting Standards.
2. The report is based on accounts which are have been reviewed by the Company's independent auditor (item 9).

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