Barramundi : Strong Half Year Performance by Barramundi (BRM - Financial Statements for period 31 Dec 20 incl review report)

BARRAMUNDI LIMITED
INTERIM FINANCIAL STATEMENTS CONTENTS
FOR THE SIX MONTHS ENDED 31 DECEMBER 2020
Page
Statement of Comprehensive Income	1
Statement of Changes in Equity	2
Statement of Financial Position	3
Statement of Cash Flows	4
Notes to the Interim Financial Statements	5

BARRAMUNDI LIMITED

STATEMENT OF COMPREHENSIVE INCOME

6 months ended 31/12/20 unaudited

6 months ended 31/12/19 unaudited

Notes

$000 $000

Interest income Dividend income

Net changes in fair value of financial assets and liabilities Other income/(losses)

2 16

1,245 1,798

2 3

33,340 12,939

29 (109)

Total net income

34,616

14,644

Operating expenses

4

(3,644) (1,704)

Operating profit before tax

30,972 12,940

Tax income/(expense)

636 (252)

Net operating profit after tax attributable to shareholders

Total comprehensive income after tax attributable to shareholders

31,608 31,608

12,688 12,688

Basic earnings per share

Diluted earnings per share

6 6

15.08c 14.82c

6.95c 6.89c

The accompanying notes form an integral part of these financial statements.

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BARRAMUNDI LIMITED

STATEMENT OF CHANGES IN EQUITY

Attributable to shareholders of the Company

(Accumulated

Share CapitalDeficits)/ Retained Earnings $000

Total EquityNotes

$000 143,286

$000

Balance at 1 July 2019 (audited)

(24,987)

118,299

Comprehensive income

Net operating profit after tax Other comprehensive income

0 0

12,688 0

12,688 0

Total comprehensive income for the period ended 31 December 2019

0

12,688

12,688

Transactions with shareholders

Shares issued for warrants exercised Dividends paid

Shares issued from treasury stock under dividend reinvestment plan

New shares issued under dividend reinvestment plan

Share buybacks

5 5 5

18,422 0 734 1,140 (688)

0 (5,322)

18,422 (5,322)

0 734

5 5

0 1,140

0 (688)

Total transactions with shareholders for the period ended 31 December 2019

Balance at 31 December 2019 (unaudited)

19,608 162,894

(17,621)

(5,322)

14,286 145,273

Balance at 1 July 2020 (audited)

164,928

(23,412)

141,516

Comprehensive income

Net operating profit after tax Other comprehensive income

0 0

31,608 0

31,608 0

Total comprehensive income for the period ended 31 December 2020

0

31,608

31,608

Transactions with shareholders

Warrant issue costs

Dividends paid

New shares issued under dividend reinvestment plan

5 5

(3) 0 2,098

0 (5,844)

(3) (5,844)

0

2,098

Total transactions with shareholders for the period ended 31 December 2020

2,095 167,023

(5,844)

(3,749)

Balance at 31 December 2020 (unaudited)

2,352

169,375

The accompanying notes form an integral part of these financial statements.

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BARRAMUNDI LIMITED

STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2020

31/12/20	30/06/20
unaudited	audited
Notes	$000	$000
SHAREHOLDERS' EQUITY	169,375	141,516
Represented by:
ASSETS
Current Assets
Cash and cash equivalents	2,066	2,416
Trade and other receivables	56	259
Financial assets at fair value through profit or loss	2	170,669	140,103
Current tax receivable	30	0
Total Current Assets	172,821	142,778
Non-current Assets
Deferred tax asset	591	0
Total Non-current Assets	591	0
TOTAL ASSETS	173,412	142,778
LIABILITIES
Current Liabilities
Trade and other payables	2,374	1,104
Financial liabilities at fair value through profit or loss	2	1,663	6
Current tax payable	0	94
Total Current Liabilities	4,037	1,204
Non-current Liabilities
Deferred tax liability	0	58
Total Non-current Liabilities	0	58
TOTAL LIABILITIES	4,037	1,262
NET ASSETS	169,375	141,516

These interim financial statements have been authorised for issue for and on behalf of the Board by:

A B Ryan Chair

17 February 2021

C A Campbell

Chair of the Audit and Risk Committee 17 February 2021

The accompanying notes form an integral part of these financial statements.

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