Syntonic : Appendix 4D & FY22 Interim Financial Report

ASX ANNOUNCEMENT

21 February 2022

For personal use only

APPENDIX 4D - HALF YEAR REPORT

Syntonic Limited

ABN 68 123 867 765

1.	Reporting period
Half year ended	Previous corresponding period
31 December 2021	31 December 2020

2. Results for announcement to the market

		31 December	31 December	% Change
		2021	2020
		A$	A$
2.1	Revenue from ordinary activities	258,805	112,871	129%
2.2	Profit/(loss) from ordinary activities	37,522	(809,115)	104%
	after tax attributable to members
2.3	Net profit/(loss) for the period	37,522	(809,115)	104%
	attributable to members

1. Dividends - Refer to section 5 below.
2. Record date for determining entitlements to the dividend - Refer to section 5 below.
3. Brief explanation of any of the figures in 2.1 to 2.4 above necessary to enable figures to be understood:

On 4 October 2021, the Company announced that it had executed a Deed of Termination and Release - Royalty Deed ("Termination Deed") with Western Areas Limited for cash consideration of $200,000 (ex GST).

There were no other substantive business activities undertaken during the period.

The net profit after tax for the half year ended 31 December 2021 was $37,522 (31 December 2020: loss of $809,115).

Australia: Syntonic Limited | Level 3, 101 St Georges Terrace | Perth WA 6000

E: [e-mail] | ABN: 68 123 867 765 | ASX Code: SYT

3. Net tangible assets per share

For personal use only

	31 December 2021	31 December 2020
	A$ cents	A$ cents
Net tangible asset per share (cents per share)	0.000	0.007

1. Details of entities over which control has been gained or lost during the period
   None.
2. Dividends

No dividends were paid or declared since the start of the half year ended 31 December 2021 (31 December 2020: nil). No recommendation for payment of dividends has been made.

6. Dividend reinvestment plan

The Company does not have a dividend reinvestment plan.

7. Details of associates and joint venture entities

At 31 December 2021, the Company had no interests in any jointly controlled operations or farm-in agreements.

8. Foreign entities

The interim financial statements comply with Australian Accounting Standards, which include Australian equivalents to International Financial Reporting Standards (AIFRS). Compliance with AIFRS ensures that the financial report, comprising the interim financial statements and notes thereto, complies with International Financial Reporting Standards (IFRS).

9. Audit report

The Company's independent auditors review report for the half year ended 31 December 2021 is unqualified with an emphasis of matter on material uncertainty related to going concern. A copy of the independent auditor's review report is included with the accompanying Half Year Financial Report for the half year ended 31 December 2021.

David Wheeler

Chairman

21 February 2022

Australia: Syntonic Limited | Level 3, 101 St Georges Terrace | Perth WA 6000

E: [e-mail] | ABN: 68 123 867 765 | ASX Code: SYT

For personal use only

Half Year Report

For the

period ended

31 December 2021

ABN 68 123 867 765

Syntonic Limited / Financial Report for the Half Year Ended 31 December 2021

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CONTENTS

only	CORPORATE DIRECTORY
DIRECTORS' REPORT
	AUDITOR'S INDEPENDENCE DECLARATION
	CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
use	CONDENSED STATEMENT OF FINANCIAL POSITION
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
	CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
	NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
personalFor	DIRECTORS' DECLARATION
INDEPENDENT AUDITOR'S REVIEW REPORT

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Syntonic Limited / Financial Report for the Half Year Ended 31 December 2021

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CORPORATE DIRECTORY

For personal use only

DIRECTORS:	Mr David Wheeler - Non-Executive Chairman
	Mr Giuseppe Graziano - Non-Executive Director
	Mr Tim Slate - Non-Executive Director
JOINT COMPANY SECRETARIES:	Mr Tim Slate
	Mrs Carla Healy
REGISTERED OFFICE:	Level 3, 101 St Georges Terrace, Perth WA 6000, Australia
	Tel: [phone]
STOCK EXCHANGE LISTING:	Australian Securities Exchange (ASX Code: SYT)
	Level 40, 152-158 St Georges Terrace, Perth WA 6000, Australia
SHARE REGISTER:	Computershare Investor Services Pty Ltd
	Level 11, 172 St Georges Terrace, Perth WA 6000, Australia
	Tel: [phone]
BANKERS:	Westpac Banking Corporation
SOLICITORS:	DLA Piper
AUDITOR:	HLB Mann Judd

Syntonic Limited / Financial Report for the Half Year Ended 31 December 2021

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