Total Brain : Annual Report FY2021 (PDF)

ANNUAL REPORT

Year Ended 30 June 2021

Total Brain Limited

Appendix 4E

Preliminary final report

1. Company details
Name of entity:	Total Brain Limited
ABN:	24 094 069 682
Reporting period:	For the year ended 30 June 2021
Previous period:	For the year ended 30 June 2020
2. Results for announcement to the market
					$
Revenues from ordinary activities		down	4.7%	to	3,694,268
Loss from ordinary activities after tax attributable to the owners of	up		to
Total Brain Limited		8.8%	(8,316,773)
Loss for the year attributable to the owners of Total Brain Limited	up	8.8%	to	(8,316,773)

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 $8,316,773 (30 June 2020: $7,647,544).

The Coronavirus (COVID-19) pandemic has not only severely impacted the physical health of people around the world, but also led to an unprecedented increase in stress, fear, and anxiety for the population at large making mental health an urgent priority to all. In this regard, the Group is mobilised to take advantage of the opportunities that this pandemic has created globally, thus the impact of COVID-19 up to 30 June 2021 has been financially positive for the Group, with revenue from the Group's SaaS recurring revenue from the Corporate and Affinity markets increasing by $682,313 relative to the prior reporting period.

Further information on the 'Review of operations' is detailed in the 'Operating and financial review' section which is part of the Annual Report.

3. Net tangible assets

Reporting Previous

period period

Cents Cents

Net tangible assets per ordinary security	0.87	10.51

The Group does not have rights-of-use assets and lease liabilities, thus these are not included in the calculations.

4. Control gained over entities

Not applicable.

5. Loss of control over entities

Not applicable.

Total Brain Limited

Appendix 4E

Preliminary final report

6. Dividends

Current 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. Foreign entities

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

Not applicable.

9. Audit qualification or review

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

The financial statements have been audited and an unqualified opinion has been issued. The auditor's report contains a paragraph addressing a material uncertainty related to going concern.

10. Attachments

Details of attachments (if any):

The Annual Report of Total Brain Limited for the year ended 30 June 2021 is attached.

11. Signed

As authorised by the Board of Directors

Signed

Date: 27 August 2021

Dr Evian Gordon

Chairman

Sydney

Total Brain Limited

Contents

30 June 2021

Corporate directory	2
Chairman's letter	3
Operating and financial review	4
Directors' report	10
Auditor's independence declaration	25
Financial statements cover	26
Statement of profit or loss and other comprehensive income	27
Statement of financial position	28
Statement of changes in equity	29
Statement of cash flows	30
Notes to the financial statements	31
Directors' declaration	69
Independent auditor's report to the members of Total Brain Limited	70
Shareholder information	74
Back cover	76

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Total Brain Limited Corporate directory 30 June 2021

Directors	Dr Evian Gordon (Executive Chairman)
	Mr Louis Gagnon (Managing Director)
	Mr Matthew Morgan (Non-Executive Director)
	Mr David Torrible (Non-Executive Director)
	Mr David Daglio (Non-Executive Director)
Company secretary	Mr Phillip Hains
	Mr Nathan Jong
Registered office	15 Belvoir Street
	Surry Hills NSW 2010
	Telephone: [phone]
	Email: [e-mail]
Share register	Boardroom Pty Limited
	Level 12, 225 George Street
	Sydney NSW 2000
	Telephone: [phone]
	Email: [e-mail]
Auditor	Grant Thornton
	Level 18, 145 Ann Street
	Brisbane QLD 4001
Stock exchange listing	Total Brain Limited shares are listed on the Australian Securities Exchange (ASX
	code: TTB)
Website	http://www.totalbrain.com

Corporate Governance Statement The directors and management are committed to conducting the business of Total Brain Limited in an ethical manner and in accordance with the highest standards of corporate governance. Total Brain Limited has adopted and has substantially complied with the ASX Corporate Governance Principles and Recommendations (Fourth Edition) ('Recommendations') to the extent appropriate to the size and nature of its operations.

The Group's Corporate Governance Statement, which sets out the corporate governance practices that were in operation during the financial year and identifies and explains any Recommendations that have not been followed and ASX Appendix 4G are released to the ASX on the same day the Annual Report is released. The Corporate Governance Statement and Corporate Governance Compliance Manual can be found on the Company's website at http://www.totalbrain.com/investors/

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