only | ||||||||||||
Contents | ||||||||||||
Results for Announcement | to the Market (Appendix | 4D) | 1 | |||||||||
Directors' | Report | 3 | ||||||||||
Auditor's | Independence | Declaration | 5 | |||||||||
use | 6 | |||||||||||
Consolidated Statement of Profit or Loss and Other Comprehensive Income | ||||||||||||
Consolidated | Balance Sheet | 7 | ||||||||||
Consolidated | Cash Flow | Statement | 8 | |||||||||
Consolidated | Statement | of Changes | in Equity | 9 | ||||||||
Notes to the Consolidated | Financial | Statements | 11 | |||||||||
1. | About this Report | 11 | ||||||||||
2. | Revenues | 13 | ||||||||||
personalFor | Expenses | 14 | ||||||||||
3. | ||||||||||||
4. | Significant Items | 15 | ||||||||||
5. | Segment | Reporting | 16 | |||||||||
6. Business | Combinations, | Acquisitions, | Disposals | and Investments | in Controlled | Entities | 18 | |||||
7. Intangible Assets | 20 | |||||||||||
8. | Interest Bearing Liabilities | 21 | ||||||||||
9. | Dividends | 21 | ||||||||||
10. Earnings Per Share | 22 | |||||||||||
11. Commitments and Contingencies | 22 | |||||||||||
12. Events | Subsequent | to Reporting | Date | 22 | ||||||||
13. Related Parties and Entities | 22 | |||||||||||
Dir | ctors' | Declaration | 23 | |||||||||
Ind pendent | Auditor's Review Report | 24 |
Appendix 4D
Results for Announcement to the Market
Domain Holdings Australia Limited and Controlled Entities for the half year ended 31 December 2021
Restated(i) | |||||
31 December 2021 | 31 December 2020 | ||||
Key Financial Information | $'000 | $'000 | |||
Total revenue from ordinary activities | Up by 27.4% | 176,229 | 138,371 | ||
Net profit/(loss) from ordinary activities after tax attributable to members | |||||
Up by 2.4% | 19,486 | 19,025 | |||
(before non-controlling interest) | |||||
only | Franked Amount | ||||
Dividends | Amount per Security | per Security | |||
use | 2.0 cents | 2.0 cents | |||
2022 interim dividend (record date: 24 February 2022; payment date: 15 March 2022) | |||||
2021 final dividend (record date: 24 August 2021; payment date: 9 September 2021) | 4.0 cents | 4.0 cents | |||
2021 interim dividend | - | - | |||
Restated(i) | |||||
31 December 2021 | 31 December 2020 | ||||
Net Tangible Assets per Share | cents | cents | |||
Net tangible asset backing per share(ii) | (0.48) | (0.36) | |||
personalFor | |||||
1.59 | 1.59 | ||||
Net asset backing per share | |||||
(i) The Group's accounting policy has historically been to capitalise all costs related to Software as a Service(SaaS) arrangements as intangibleassets in the Consolidated Balance Sheet, where they meet the relevant definition. The adoption of the April 2021 agenda decision made by the International Financial Reporting Standards Interpretations Committee (IFRIC) in respect of SaaS resulted in a reclassification of these intangible assets to recognition as an expense in the Consolidated Statement of Profit or Loss and Other Comprehensive Income, impacting both the current and prior periods presented. Refer to Note 1(A)(vi) of the 2022 Interim Financial Report for changes to the significant accounting policy in respect of SaaS arrangements.
(ii) Net tangible assets are calculated based on net assets excluding intangible and right of use (ROU) assets.
In October 2021, the Group acquired 100% of the share capital in Insight Data Solutions Holdings Pty Ltd and its subsidiaries . The acquisition marks another step forward in executing on the Group's marketplace strategy to expand its addressable market beyond Agents and Consumers to Financial Institutions, and Government.
Additional information supporting the Appendix 4D disclosure requirements can be found in the Directors' Report and the Financial Report for the financial half year ended 31 December 2021.
The half year financial report is provided to the Australian Securities Exchange (ASX) under ASX Listing Rule 4.2A.3.
Half Ye ar Report 2022 | 1 |
Appendix 4D
Results for Announcement to the Market
Domain Holdings Australia Limited and Controlled Entities for the half year ended 31 December 2021
only | Statutory | Significant | Trading Performance excluding | ||||||||
Results | Items (iii) | Significant Items | |||||||||
Restated(iv) | Restated(iv) | Restated(iv) | |||||||||
31 December | 31 December | 31 December | 31 December | 31 December | 31 December | ||||||
Note | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||
$'000 | $'000 | $'000 | $'000 | $'000 | $'000 | ||||||
Total revenue | (i) | 176,229 | 138,371 | 974 | 1,378 | 175,255 | 136,994 | ||||
Expenses | (123,930) | (85,830) | (9,662) | (2,263) | (114,268) | (83,568) | |||||
Operating EBITDA | 52,299 | 52,541 | (8,688) | (885) | 60,987 | 53,426 | |||||
Depreciation and amortisation | (16,387) | (18,727) | - | - | (16,387) | (18,727) | |||||
EBIT | 35,912 | 33,814 | (8,688) | (885) | 44,600 | 34,699 | |||||
Net finance (costs)/income | (ii) | (3,332) | (3,549) | - | - | (3,332) | (3,549) | ||||
Net profit/(loss) before tax | 32,580 | 30,265 | (8,688) | (885) | 41,268 | 31,150 | |||||
Income tax (expense)/benefit | (10,884) | (9,543) | 2,118 | 489 | (13,002) | (10,032) | |||||
use | |||||||||||
personalFor | Net profit/(loss) after tax | 21,696 | 20,722 | (6,570) | (396) | 28,266 | 21,118 | ||||
Net profit/(loss) attributable to | |||||||||||
2,210 | 1,697 | - | - | 2,210 | 1,697 | ||||||
non-controlling interest | |||||||||||
Net profit/(loss) attributable to | 19,486 | 19,025 | (6,570) | (396) | 26,056 | 19,421 | |||||
members of the Company | |||||||||||
Earnings per share (cents) | 3.34 | 3.26 | 4.46 | 3.32 | |||||||
Notes:
(i) Revenue from ordinary activities excluding interest income. (ii) Finance costs net of finance income.
(iii) Significant items are those items of such a nature or size that separate disclosure will assist users to understand the accounts. Refer to Note 4 for further details.
(iv) Certain amounts shown here do not correspond to the 2021 half year financial report. Refer to Note 1(A)(vi) for changes to the significant accounting policy in respect of SaaS arrangements.
Half Ye ar Report 2022 | 2 |
Directors' Report
Domain Holdings Australia Limited and Controlled Entities for the half year ended 31 December 2021
The Board of Directors presents its report on the consolidated entity of Domain Holdings Australia Limited (the Company) and the entities it controlled at the end of, or during, the period ended 31 December 2021, (collectively, the Group), and the review report thereon.
only | |
Directors | |
The Directors of the Company at any time during the period ended 31 December 2021 or up to the date of this report are as follows. | |
Directors held office the entire period unless otherwise stated. | |
Nick Falloon | Mike Sneesby |
N n-Executive Director and Chairman | Non-Executive Director |
Greg Ellis | Jason Pellegrino |
use | Managing Director and Chief Executive Officer |
Non-Executive Independent Director | |
G off Kleemann | Lizzie Young |
Non-Executive Independent Director and Chair of Audit and Risk Committee | Non-Executive Director |
Diana Eilert | |
Non-Executive Independent Director and Chair of People and Culture Committee | |
Review of Operations | |
personalSince the end of the half-year period ended 31 December 2021, the Directors have resolved to declare an interim dividend of 2.0 cents per |
Statutory revenue for the Group for half year ended 31 December 2021 was higher than the prior year at $176.2 million (HY21: $138.4 million).
The Group generated a net profit after tax attributable to members of $19.5 million (HY21 profit: $19.0 million), EBITDA of $52.3 million (HY21
EBITDA: $52.5 million) and basic earnings per share were 3.34 cents (HY21: 3.26 cents). The result is after accounting for the repayment of JobKeeper amounting to $6.5 million ($5.7 million reduction in EBITDA). Refer to Note 3 for further details.
Net debt was $166.4 million, compared with net debt of $79.0 million at 30 June 2021.
In October 2021, the Group acquired 100% of the share capital in Insight Data Solutions Holdings Pty Ltd and its subsidiaries. The acquisition marks another step forward in executing on the Group's marketplace strategy to expand its addressable market beyond Agents and Consumers to Financial Institutions, and Government. Refer to Note 6 for further details.
In December 2021, the Group refinanced its debt entering into a revised $355.0 million syndicated bank facility (previously: $225.0 million). Refer to Note 8 for further details.
Dividends
On 9 September 2021, the Company paid a fully franked dividend of 4.0 cents per ordinary share relating to 30 June 2021 profits.
fully paid ordinary share, 100% franked at the corporate tax rate of 30%, to be paid on 15 March 2022.
ForR unding of Amounts
The Company is of a kind referred to in Corporations Instrument 2016/191, issued by the Australian Securities and Investments Commission, relating to the 'rounding off' of amounts in this Directors' Report. Amounts contained in this Directors' Report have been rounded off in accordance with that Class Order to the nearest thousand dollars, or in certain cases, to the nearest dollar.
Half Ye ar Report 2022 | 3 |
Directors' Report
Domain Holdings Australia Limited and Controlled Entities for the half year ended 31 December 2021
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 5.
onlyThe report is made in accordance with a resolution of the Directors of Domain Holdings Australia Limited.
Nick Falloon
Chairman
useSydney
17 February 2022 personalFor
Half Ye ar Report 2022 | 4 |
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