Australia Sunny Glass : 30 June 2021 Preliminary Final Report and Appendix 3

Appendix 3

Preliminary Final Report to the National Stock Exchange of Australia

Australia Sunny Glass Group Limited and Controlled Entities - ABN 54 632 790 660 For the year ended 30 June 2021

1. Details of the reporting period and the previous corresponding period.

		Reporting Period		12 Months ended 30 June 2021
		Previous Corresponding Reporting Period		12 Months ended 30 June 2020
2. Results for announcement to the market
				$A,000		$A,000
		Revenue from ordinary activities	from	24	to	10,469
		Loss from ordinary activities after tax	from	(41)	to	(588)
		Loss from ordinary activities after tax
		attributable to members of the parent	from	(41)	to	(588)
		Note: The Company acquired its wholly owned subsidiary, Sydney Sunny Glass Pty Ltd during the current reporting
		period and the preliminary report for the year ended 30 June 2021 is prepared on a consolidated basis. The previous
		corresponding period only refers to results of the Company as a standalone entity. Refer to the preliminary report lodged
		with this Appendix 3 for further details.

2.1 The amount per security and franked amount per security of final and interim dividends or a statement that it is not proposed to pay dividends.

It is not proposed to pay a dividend during the current reporting period nor were there any dividends paid, recommended or declared during the pervious reporting period.

2.2 The record date for determining entitlements to the dividends (if any).

Not applicable

2.3 A brief explanation of any of the above figures necessary to enable the figures to be understood.

Please refer to the Preliminary Report for the year ended 30 June 2021 lodged with this Appendix 3.

3. Net tangible assets per security with the comparative figure for the previous corresponding period.

Net tangible assets per security	Cents	8.10
Previous corresponding period	Cents	9.05

The comparison to the previous corresponding reporting period refers to the results of the Company as a standalone entity. The Company acquired its wholly-owned subsidiary, Sydney Sunny Glass Pty Ltd during the current reporting period and the Preliminary Report is prepared on a consolidated basis.

4. Details of entities over which control has been gained or lost during the period, including the following.

4.1 Name of the entity.

Sydney Sunny Glass Pty Ltd and Melbourne Sunny Glass Façade Pty Ltd.

82 Belmont Avenue, Rivervale, Western Australia 6159

Email:[e-mail]

Phone: [phone]

4.2 The date of the gain or loss of control.

The Company completed the acquisition of Sydney Sunny Glass Pty Ltd on 24 July 2020. Melbourne Sunny Glass Façade Pty Ltd was incorporated on 20 August 2020. Both entities are wholly owned subsidiaries of the Company.

5. Details of audit qualification or review (if any):

The financial statements are currently in the process of being audited.

6. Attachments

The Preliminary Report of Australia Sunny Glass Group Limited for the year ended 30 June 2021 is attached.

7. Signed

Authorised by the Board of Directors and dated 13 September 2021.

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Consolidated Statement of Financial Position

As at 30 June 2021

		Consolidated			Company
	Notes	30 Jun 2021			30 Jun 2020
		$	$
Assets
Current Assets
Cash and cash equivalents	6	1,616,229	296,486
Trade receivables	7	1,017,692	46,402
Other receivables	8	2,127,541	208,206
Inventory	9	2,461,227	-
Financial Assets at Amortised cost	10	-		2,400,000
Total current assets		7,222,689	2,951,094
Non-current Assets
Property, plant and equipment	11	4,030,155	5,383
Right of use assets	12	6,144,827		3,689
Total non-current assets		10,174,981		9,072
Total assets		17,397,671	2,960,166
Liabilities
Current Liabilities
Trade and other payables	13	2,663,510	84,097
Borrowings	14	1,004,752	-
Lease Liabilities	15	691,261	3,710
Current Income tax Liability		-		15,310
Total current liabilities		4,359,523	103,117
Non-current Liabilities
Borrowings	14	253,895	-
Lease liabilities	15	5,792,426		-
Total non-current liabilities		6,046,321	-
Total liabilities		10,405,844		103,117
Net assets (liabilities)		6,991,827	2,857,049
Equity
Issued capital	16	10,725,844	2,910,196
Reserves	18	(3,092,046)	-
Retained profits/ (Accumulated Losses)	19	(641,972)		(53,147)
Total Equity		6,991,827	2,857,049

The above Statement of Financial Position should be read in conjunction with the accompanying notes.

Australia Sunny Glass Group Ltd 2021 Preliminary Final Report

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Consolidated Statement of Profit or Loss and Other Comprehensive Income

For the year ended 30 June 2021

Note

s

Revenue

3

Cost of goods sold

Gross profit

Other Income

4

Expenses

Marketing expenses Employment expenses

Repairs and maintenance expenses Occupancy costs

Depreciation expenses5 Finance costs

Corporate and administration expenses IPO related expenses

Profit/ (Loss) before income tax expense from continuing operations

Income tax expense

2

Profit/ (Loss) after income tax expense for the year attributable to the owners of Australia Sunny Glass Group Ltd

Other comprehensive income, net of tax

Foreign currency translation

Total comprehensive income/ (Loss) for the year attributable to the owners of Australia Sunny Glass Group Ltd

Consolidated		Company
30 Jun 2021		30 Jun 2020
$	$
10,469,612		24,000
(6,370,123)		-
4,099,489	24,000
758,490	168,367

(439,707)-

(1,891,235) (56,177)

(227,279)-

(467,804) (1,467)

(1,579,547) (2,070)

(341,781)(51)

(344,290) (36,170)

(355,990) (122,782)

(789,654) (26,350)

194,768 (15,310)

(594,886) (41,660)

6,061-

(588,824) (41,660)

The above Statement of Profit or Loss and Other Comprehensive Income should be read in conjunction with the accompanying notes.

Australia Sunny Glass Group Ltd 2021 Preliminary Final Report

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Consolidated Statement of Changes in Equity

For the year ended 30 June 2021

Balance at 1 July 2019 for the Company

Profit/ (Loss) after income tax expense for the year

Total comprehensive income for the year

Balance at 30 June 2020 for the Company

Balance at 1 July 2020 for the Company

Profit/ (Loss) after income tax expense for the year Share issue

Cost of share issue

Total comprehensive income/ (Loss) for the year

Balance as at 30 June 2021 for the Consolidated Entity

		(Accumulated
Issued Capital	Reserves	Losses)	Total Equity
$	$	$	$
2,910,196	-	(11,487)	2,898,709
-	-	(41,660)	(41,660)
-	-	(41,660)	(41,660)
2,910,196	-	(53,147)	2,857,049
2,910,196	-	(53,147)	2,857,049
-	(3,092,046)	(588,824)	(3,680,870)
8,085,648			8,085,648
(270,000)		-	(270,000)
7,815,648	(3,092,046)	(588,824)	4,134,778
10,725,844	(3,092,046)	(641,972)	6,991,827

The above Statement of Changes in Equity should be read in conjunction with the accompanying notes.

Australia Sunny Glass Group Ltd 2021 Preliminary Final Report

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