Reject Shop : Appendix 4D

For personal use only

THE REJECT SHOP LIMITED

Appendix 4D

The Reject Shop Limited

(ABN 33 006 122 676)

Consolidated preliminary final report

For the 26 week financial period ended 26 December 2021

Compared to the 26 week financial period ended 27 December 2020

Results for announcement to the market

		Percentage		Amount
			Change		$'000
			%
Sales revenue from continuing operations	down	(2.2%)	to	424,679
Profit from continuing operations after tax attributable	down	(9.9%)	to	15,350
to shareholders
Net profit for the period attributable to shareholders	down	(9.9%)	to	15,350
Dividends	Amount per share	Franked amount
					per share
Interim dividend		nil		n/a
Record date for determining entitlements to the
dividend		n/a
Dividend payment date		n/a

Commentary on The Reject Shop and its subsidiaries trading results is included in the announcement dated 17 February 2022 and shareholder presentation for the 26 week period ended 26 December 2021.

Appendix 4D

1

THE REJECT SHOP LIMITED

DIRECTORS' REPORT

The directors present their report on The Reject Shop Limited and its subsidiaries ("the Company") for the 26 week period ended 26 December 2021 (the "half-year").

onlyDirectors

The directors of The Reject Shop Limited during the whole of the half-year, and up to the date of this report unless otherwise stated below, were:

Steven Fisher

David Grant Nicholas Perkins Margaret Zabel

Selina Lightfoot (retired on 20 October 2021) useReview of operations

A review of the operations and results of the Company and its controlled entities are contained in the Company's results announcement and presentation released to the ASX for the period accompanying this report.

The half-year ended 26 December 2021, incorporated 26 weeks trading.

Seasonality

personalThe first half of the Company's year traditionally produces a profit result significantly higher than the second half. This is due to the significant sales increase during the peak trading period of November and December.

Dividends

There have been no dividends paid during the period. The Company has not declared an interim dividend to be paid.

The Company's dividend reinvestment plan is not currently active.

Auditor's independence declaration

A copy of the auditor's independence declaration as required under section 307C of the Corporations Act 2001 is set out on page 3.

Rounding of amounts to nearest thousand dollars

The Company is of a kind referred to in ASIC Legislative Instrument 2016/191, relating to the "rounding off" of amounts in the directors' report and financial report. Amounts in the directors' report and financial report have been rounded off to the nearest thousand dollars, in accordance with the instrument.

ForSigned in accordance with a resolution of the directors.

Steven Fisher

Chairman

17 February 2022

Appendix 4D

2

For personal use only

Auditor's Independence Declaration

As lead auditor for the review of The Reject Shop Limited for the 26 week period ended 26 December 2021, I declare that to the best of my knowledge and belief, there have been:

1. no contraventions of the auditor independence requirements of the Corporations Act 2001 in relation to the review; and
2. no contraventions of any applicable code of professional conduct in relation to the review.

This declaration is in respect of The Reject Shop Limited and the entities it controlled during the period.

Brad Peake	Melbourne
Partner	17 February 2022
PricewaterhouseCoopers

PricewaterhouseCoopers, ABN 52 780 433 757

2 Riverside Quay, SOUTHBANK VIC 3006, GPO Box 1331, MELBOURNE VIC 3001 T: 61 3 8603 1000, F: 61 3 8603 1999, www.pwc.com.au

Liability limited by a scheme approved under Professional Standards Legislation.

3

THE REJECT SHOP LIMITED

Consolidated Statement of Comprehensive Income

For the half-year ended 26 December 2021

Revenue from continuing operations

only	Sales revenue
Other income
use	Cost of sales
Store expenses
Administrative expenses
Finance costs

Profit before income tax

Income tax expense

Profit for the period attributable to shareholders of The personalReject Shop Limited

Other comprehensive income

Items that may be re-classified to profit or loss

Changes in the fair value of cash flow hedges

Income tax relating to components of other comprehensive income

Other comprehensive income / (loss) for the half-year, net of tax

Total comprehensive income attributable to shareholders of The Reject Shop Limited

Earnings per share

Basic earnings per share

ForDiluted earnings per share

Notes

3

4

11

11

Half-year ended

2021	2020
26 weeks	26 weeks
$'000	$'000
424,679	434,336
23	40
424,702	434,376
244,962	251,463
134,064	135,280
20,779	19,900
399,805	406,643
2,969	3,368
21,928	24,365
6,578	7,322
15,350	17,043

6,419 (12,374)

(1,926)3,712

4,493(8,662)

19,8438,381

Cents	Cents
40.1	44.6
39.4	43.9

The above consolidated statement of comprehensive income should be read in conjunction with the accompanying notes.

Appendix 4D

4

THE REJECT SHOP LIMITED

Consolidated Balance Sheet

As at 26 December 2021

onlyCurrent Assets Cash Inventories Tax receivables

Derivative financial instruments Other assets

Total Current Assets

useNon Current Assets Property, plant and equipment Right-of-use assets Deferred tax assets

Total Non Current Assets

Total Assets

personalCurrent Liabilities Payables

Lease liabilities

Provisions

Derivative financial instruments Other liabilities

Total Current Liabilities

Non Current Liabilities

Lease liabilities

Provisions

Total Non Current Liabilities Total Liabilities

Net Assets

Equity

ForContributed equity

Reserves

Retained profits

Total Equity

Notes	26 December	27 June
	2021	2021
	$'000	$'000
	106,397	73,046
	98,894	99,834
	1,118	1,315
	2,617	-
5	7,234	3,231
	216,260	177,426
6	46,740	47,342
	149,257	148,574
	21,835	27,701
	217,832	223,617
	434,092	401,043
7	61,156	46,677
	70,286	77,303
8	12,372	10,766
	-	3,802
	11,747	12,029
	155,561	150,577
	97,466	89,823
9	3,300	3,912
	100,766	93,735
	256,327	244,312
	177,765	156,731
10	70,326	70,326
	9,793	4,109
	97,646	82,296
	177,765	156,731

The above consolidated balance sheet should be read in conjunction with the accompanying notes.

Appendix 4D

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