Structural Monitoring : Appendix 4D & Half Year Report

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Appendix 4D

Half-Year Report for the period ended 31 December 2021

Results for announcement to the Market

Financial Performance

Structural Monitoring Systems Plc - Consolidated

(AUD'000)	Half-year	Half-year	Movement %
	ended 31 Dec	ended 31 Dec
	2021	2020
Revenue	6,697	8,480	(21%)
(Loss) before tax attributable to members	(1,506)	(1,242)	(21%)
(Loss) after tax attributable to members	(1,472)	(1,009)	(46%)

Review of Operations

Refer to Directors' Report included in the attached half-year period under review.

Dividends

No Dividends were paid or declared for payment during the half-year period under review.

Earnings Per Share

		Half-year ended				Half-year ended
		31 Dec 2021				31 Dec 2020
	(Loss) per share (basic & diluted)	(1.21 cents)				(0.85 cents)
	Net Tangible Asset Backing
		Half-year ended				Half-year ended
		31 Dec 2021				31 Dec 2020
	Net tangible asset backing	4.11 cents				9.12 cents

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Compliance Statement

The report is based on financial statements which have been reviewed by the auditor, copies of which are attached.

Signed in accordance with a resolution of Directors.

On behalf of the Directors

Will Rouse

Executive Chairman

Dated: 28 February 2022

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HALF-YEAR FINANCIAL REPORT

31 DECEMBER 2021

only

CONTENTS
Directors' Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	3
Condensed Consolidated Statement of Comprehensive Income. . . . . . . . . . . . . . . . . . . . . . . . . .	8
Condensed Consolidated Statement of Financial Position. . . . . . . . . . . . . . . . . . . . . . . . . . . . .	9
Condensed Consolidated Statement of Cash Flows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	10
Condensed Consolidated Statement of Changes in Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	11
Notes to the Half-Year Financial Statements. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	12
Directors' Declaration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	25
Independent Auditors' Review Report. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	26

For personal use

CORPORATE DIRECTORY

DIRECTORS

Will Rouse

Executive Chairman

Stephen Forman

Non-Executive Director

Sam Wright

Non-Executive Director

Bryant Mclarty

Non-Executive Director

CHIEF EXECUTIVE OFFICER

Toby Chandler

COMPANY SECRETARY

Sam Wright

REGISTERED AND CORPORATE OFFICE

Suite 116, 1 Kyle Way

Claremont WA 6010

Australia

Telephone: [phone]

Facsimile: [phone]

Email: [e-mail]

Website: www.smsystems.com.au

REGISTERED OFFICE UNITED KINGDOM

The Old Court, 8 Tufton Street

Ashford, Kent TN23 1QN

United Kingdom

CANADA OFFICE

100-966 Crowley Avenue Kelowna British Colombia. Canada V1Y 4N7 www.aem-corp.com

SHARE REGISTRY

Computershare Investor Centre Pty Ltd

GPO Box 2975

Melbourne VIC 3001

Enquiries (within Australia)	1300 850 505
Enquiries (from Overseas)	[phone]

www.investorcentre.com/contact

STATUTORY AUDITORS

Elderton Audit (UK)

Level 2, 267 St George's Terrace

Perth WA 6000

Australia

STOCK EXCHANGE LISTING

Australian Securities Exchange

Home Exchange: Perth, Western Australia

ASX CODE

Shares (CDI's):  SMN

IMPORTANT NOTICES

Structural Monitoring Systems PLC (the Company) is incorporated in the United Kingdom under the laws of England and Wales. The Company is not subject to Chapters 6, 6A, 6B and 6C of the Australian Corporations Act 2001 dealing with the acquisitions of shares (including substantial holdings and takeovers).

STRUCTURAL MONITORING SYSTEMS PLC
Half-Year Financial Report - Dec 2021	2

For personal use only

DIRECTORS' REPORT

The Directors submit their report for the half-year ended 31 December 2021.

DIRECTORS

The names of the Group's directors in office during the half-year and until the date of this report are as below.

Will Rouse	Executive Chairman
Sam Wright	Non-Executive Director
Stephen Forman	Non-Executive Director
Bryant Mclarty	Non-Executive Director (appointed 20 October 2021)
Mike Reveley	Non-Executive Director (resigned 20 October 2021)

Directors were in office for the entire period unless stated otherwise.

REVIEW OF OPERATIONS

Structural Monitoring Systems Plc ("SMS" or "the Company") (ASX: SMN) is pleased to provide a review of operations for the half-year period.

Anodyne Electronics Manufacturing Corp. new 40,000 sq. ft. facility in Kelowna BC, Canada

STRUCTURAL MONITORING SYSTEMS PLC
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