Laybuy : FY22 Audited Financial Statements

For personal use only

Laybuy Group Holdings Limited Consolidated financial statements for the year ended 31 March 2022

For personal use only

Contents to consolidated financial statements

Consolidated statement of comprehensive income

Consolidated statement of financial position

Consolidated statement of changes in equity

Consolidated statement of cash flows

Notes to the consolidated financial statements

Directors' statement

Independent auditor's report

1

2

3

4

5

50

51

Consolidated statement of comprehensive income

For personal use only

for the year ended 31 March 2022

	Notes
Income	7
Total income
Other income
Less expenses
Merchant and marketing expenses
Employment expenses
Transaction expenses
Consumer receivables impairment expenses	8.a
Platform development and hosting expenses
Depreciation and amortisation expenses	8.b
Other operating expenses	8.c
Other gains/(losses)	8.e
Total expenses
Operating loss
Finance expenses	8.d
Loss before tax
Income tax (expense)/credit	10
Loss for the year
Other comprehensive (loss)/income
Other comprehensive income to be reclassified to profit or loss in subsequent
periods:
Exchange differences on translation of foreign controlled entities
Total other comprehensive (loss)/income
Total comprehensive loss for the year
Loss is attributable to:
Equity holders of the parent
Total comprehensive loss is attributable to:
Equity holders of the parent
Earnings per share (in cents)	11
Basic loss for the year attributable to ordinary equity holders of the parent
Diluted loss for the year attributable to ordinary equity holders of the parent

20222021

$000$000

47,103 32,567

47,103 32,567

• 107

(17,853) (12,200)

(14,813) (10,372)

(11,004) (6,612)

(30,769) (15,132)

(1,930) (1,085)

(1,513)(991)

(15,407) (14,296)

655 (3,986)

(92,634) (64,674)

(45,531) (32,000)

(5,968) (9,495)

(51,499) (41,495)

1. 213
   (51,583) (41,282)

1. 737

1. 737
   (52,340) (40,545)
   (51,583) (41,282)
   (52,340) (40,545)

(0.22)(0.27)

(0.22)(0.27)

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

Laybuy Group Holdings Limited

1

For personal use only

Consolidated statement of financial position

as at 31 March 2022

	Notes	2022	2021
	$000	$000
Assets
Cash and cash equivalents	12	12,094	15,487
Consumer receivables	14	33,336	27,346
Other current assets	15	9,520	9,351
Current tax receivables		-	206
Prepayments	16	4,887	5,170
Property, plant and equipment		232	197
Intangible assets	17	1,287	2,139
Right-of-use assets		17	165
Total assets			61,373		60,061
Equity and liabilities
Equity
Share capital	23	137,780	96,588
Accumulated losses		(113,648)	(62,065)
Foreign currency translation reserve		(506)	251
Share-based payments reserve	24	2,407	1,951
Total equity			26,033		36,725
Liabilities
Trade and other payables	18	9,905	9,149
Borrowings	19	22,554	11,370
Income tax payables		109	-
Other liabilities	20	416	1,342
Provisions	21	2,338	1,316
Lease liabilities		18	159
Total liabilities			35,340		23,336
Total equity and liabilities		61,373	60,061

For and on behalf of the Board, who authorised the issue of these consolidated financial statements on 30 June 2022.

Steven Fisher	Mark Haberlin
Chair,	Chair Audit and Risk Committee,
Independent Non-Executive Director	Independent Non-Executive Director

The above consolidated statement of financial position should be read in conjunction with the accompanying notes.

Laybuy Group Holdings Limited

2

r personal use only

Consolidated statement of changes in equity

For the year ended 31 March 2022

		Attributable to the equity holders of the parent
									Foreign
		Share-based			currency
				payments	Accumulated		translation
		Share capital		reserve	losses		reserve	Total equity
	$000	$000	$000	$000		$000
As at 1 April 2021	96,588		1,951	(62,065)	251		36,725
Loss for the year	-		-		(51,583)	-			(51,583)
Other comprehensive loss	-		-		-	(757)		(757)
Total comprehensive loss for the year		-			-		(51,583)		(757)			(52,340)
Transactions with owners in their capacity as owners
Issue of share capital, net of transaction costs (note 23)	40,999		-		-	-			40,999
Exercise of employee share options (note 23)	193	(193)	-	-			-
Share-based payments (note 24)	-		649	-	-			649
As at 31 March 2022		137,780			2,407		(113,648)		(506)			26,033
As at 1 April 2020	20,343		176	(20,783)	(486)		(750)
Loss for the year	-		-		(41,282)	-			(41,282)
Other comprehensive income	-		-		-	737		737
Total comprehensive (loss)/income for the year		-			-		(41,282)		737			(40,545)
Transactions with owners in their capacity as owners
Issue of share capital, net of transaction costs (note 23)	76,245		-		-	-			76,245
Share-based payments (note 24)	-		1,775	-	-			1,775
As at 31 March 2021		96,588			1,951		(62,065)		251			36,725

The above consolidated statement of changes in equity should be read in conjunction with the accompanying notes.

Laybuy Group Holdings Limited

3