For personal use only
Appendix 4D | ||
(Rule 4.2A.3) | ||
Half-year Report | ||
Name of entity | ||
Peppermint Innovation Limited | 56 125 931 964 | |
1. Details of the Reporting Period and the Previous Corresponding Period
Financial period ended ("current period") | Financial period ended ("previous period") |
31 December 2021 | 31 December 2020 |
2. Results for Announcement to the Market
$'000 | |||||
2.1 | Revenue from ordinary activities | down | 25% | to | 935 |
2.2 | Loss from ordinary activities after tax | up | 52% | to | 1,651 |
attributable to members | |||||
2.3 | Net loss for the period attributable to | up | 52% | to | 1,651 |
members | |||||
2.4 Brief explanation of results
Peppermint delivered several significant achievements for the half-year ended 31 December 2021.
The Company launched its alternative non-bankmicro-enterprise loan offering - bizmoPay - after being granted a financial licence by the Philippines Securities Exchange ("PSX"); secured another cash-in, fund transfers and payments agreement with Dragonpay, one of the Philippines' largest and most reliable online gateway platforms and advanced to "Stage 3" of its Electronic Money Issuer (EMI) licence application with the PSX.
Peppermint also successfully placed 250 million shares at $0.02 per share to raise A$5 million (before costs), with strong support received from existing and new investors.
Peppermint ended the half-year period in a strong cash position, with $6.9M at bank and is well funded to continue along its exciting growth trajectory, consider new opportunities that may present and satisfy all associated working capital requirements.
For further details, please refer to the half-year report.
For personal use only
3. | NTA Backing | ||
Current period | Previous corresponding | ||
period | |||
Net tangible asset backing per ordinary security | ($0.003) | ($0.001) | |
4 Control gained or lost over entities having material effect
During the period the Group established Peppermint Financing Inc. in The Philippines, which has now started to work on pilots and different finance packages focused on providing short term loans to its agents to encourage utilisation of the Peppermint Platform.
-
Dividends
There were no dividends declared or paid during the period and the do not recommend that any dividends be paid. - Dividend Reinvestment Plans Not applicable.
- Material interest in entities which are not controlled entities Not applicable.
-
Independent Review Report
Refer to the attached Half Year Financial Report for the half-year ended 31 December 2021. - Compliance Statement
This report should be read in conjunction with the attached Half Year Financial Report for the half-year ended 31 December 2021.
Signed here: | Date: 28 February 2022 |
Print name: Anthony Kain
Executive Director
Peppermint Innovation Limited Appendix 4D 31 December 2021 | 2 |
For personal use only
Peppermint Innovation Limited
(ACN 125 931 964)
INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED
31 DECEMBER 2021
For personal use only
COMPANY DIRECTORY | |
Directors | Auditors |
Mr Christopher Kain | RSM Australia Partners |
Managing Director | Level 32 Exchange Plaza |
Mr Anthony Kain | 2 The Esplanade |
Perth, WA 6000 | |
Executive Director | |
Mr Mathew Cahill | |
Non-executive Director | |
Company Secretary | Solicitors |
Mr Anthony Kain | Steinepreis Paganin |
Level 4, The Read Buildings | |
16 Milligan Street | |
Perth, WA 6000 | |
Registered Office | Share Registry |
Level 2 East, The Wentworth Building | Computershare Investor Services Pty Ltd |
300 Murray Street, Off Raine Lane | Level 11, 172 St Georges Terrace |
Perth WA 6000 | Perth WA 6000 |
Tel: +61 8 6255 5504 | Tel: +61 8 9323 2000 |
Fax: +61 8 9323 2033 | |
Web: www.computershare.com.au | |
Web Address | ASX Code: |
www.pepltd.com.au | PIL |
For personal use only
CONTENTS
CONTENTS
Directors' Report
Auditor's Independence Declaration
Consolidated Statement of Profit or Loss and Other Comprehensive Income
Consolidated Statement of Financial Position
Consolidated Statement of Changes in Equity
Consolidated Statement of Cash Flows
Notes to the Financial Statements
Directors' Declaration
Independent Auditor's Review Report
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Interim Financial Report for the half-year ended 31 December 2021 Peppermint Innovation Ltd Page | 1
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Peppermint Innovation Limited published this content on 28 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 February 2022 23:03:05 UTC.