Phoslock Environmental Technologies : 2nd Half 2021 - Appendix 4D

Phoslock Environmental Technologies Limited

Appendix 4D

Half-year report

1. Company details

	Name of entity:	Phoslock Environmental Technologies Limited
	ABN:	88 099 555 290
only	For the half-year ended 31 December 2021
	Reporting period:
	Previous period:	For the half-year ended 31 December 2020
	2. Results for announcement to the market
						$'000
	Revenues from ordinary activities		up	3.8%	to	4,971
use			23.0%	to	(3,632)
	Underlying Earnings/(Loss) Before Interest and Taxes ('Underlying EBIT') up
	Loss from ordinary activities after tax attributable to the owners of
	Phoslock Environmental Technologies Limited	down	29.5%	to	(2,730)
	Loss for the half-year attributable to the owners of Phoslock
	Environmental Technologies Limited		down	29.5%	to	(2,730)
	Dividends

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

Comments

The loss for the Group after providing for income tax amounted to $2,730,000 (31 December 2020: loss of $3,875,000). Reconciliation of EBIT to profit after tax follow:

			Consolidated
			1 Jul to 31		1 Jul to 31
			Dec 2021		Dec 2020
			$'000	$'000
Revenue	4,971	4,788
N	t Profit/(Loss) after Tax ('NPAT')	(2,730)	(3,875)
Add: income tax expense/(benefit)	-	(236)
Add: Finance costs	50	99
Add: Impairment of receivables/(reversals)	(1,905)	1,131
personalAdd: Impairment of assets/(reversals)	911	(155)
Add: Foreign exchange losses/(gains)	129	146
Less: Interest revenue	(80)	(62)
Less: Gain on remeasurement of lease liabilities	(7)		-
Underlying EBIT*	(3,632)	(2,952)
*		Underlying EBIT is a financial measure which is not prescribed by Australian Accounting Standards ('AAS') and
For	represents the profit or loss under AAS adjusted for the add back of income tax, finance costs and certain non-cash

income and expense items that are deemed to not have an ongoing affect to the underlying performance of the business. The Company believes that presenting Underlying EBIT provides a better understanding of its financial performance by facilitating a more representative comparison of financial performance between financial periods.

Refer to the 'Review of operations' section in the Directors' Report for further details of operations and commentary on the results.

Phoslock Environmental Technologies Limited

Appendix 4D

Half-year report

3. Net tangible assets

only	Reporting		Previous
period		period
Cents		Cents
Net tangible assets per ordinary security	4.04	4.69

The net tangible assets calculation does not include rights-of-use assets of $322,000 (31 December 2020: $165,000) but

include the lease liabilities of $1,292,000 (31 December 2020: $3,836,000).

4. Control gained over entities useNot applicable.

5. Loss of control over entities Not applicable.

6. Dividends personalCurrent period

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

Previous 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

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

N t applicable.

10. Audit qualification or review

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

The financial statements have been reviewed by the auditors.

11. Attachments

Details of attachments (if any):

The Interim Report of Phoslock Environmental Technologies Limited for the half-year ended 31 December 2021 is attached.

Phoslock Environmental Technologies Limited

Appendix 4D

Half-year report

12. Signed
As authorised by the Board of Directors
personalForuse only	Date: 11 March 2022
Sig ed ___________________________
Lachlan McKinnon
Managing Director
Melbourne

onlyPhoslock Environmental Technologies Limited

ABN 88 099 555 290

useInterim Report - 1 July 2021 - 31 December 2021 personalFor

Phoslock Environmental Technologies Limited

Contents

31 December 2021

Directors' report

Auditor's independence declaration

Consolidated statement of profit or loss and other comprehensive income Consolidated statement of financial position

onlyConsolidated statement of changes in equity Consolidated statement of cash flows

Notes to the consolidated financial statements Directors' declaration

I dependent auditor's review report to the members of Phoslock Environmental Technologies Limited

For usepersonal

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