Cipherpoint : Appendix 4E and Preliminary Financial Report

Cipherpoint Limited

Appendix 4E

Preliminary final report

	1. Company details
	Name of entity:	Cipherpoint Limited
	ABN:	61 120 658 497
only	For the year ended 31 March 2022
	Reporting period:
	Previous period:	For the year ended 31 March 2021
	2. Results for announcement to the market
						$
	Revenues from continuing operations	up	100.0%	to	4,238,261
use
	Loss from ordinary activities after tax attributable to the owners of
	Cipherpoint Limited		up	178.1%	to	(8,194,477)
	Net loss for the year attributable to the owners of Cipherpoint Limited	up	178.1%	to	(8,194,477)
					2022	2021
				Cents	Cents
	Basic earnings per share				(2.70)	(2.82)
personalNet tangible assets per ordinary security			0.17	1.94
	Diluted earnings per share				(2.70)	(2.82)

Dividends

There were no dividends paid, recommended or declared during the current financial period.

Comments

The loss for the Group after providing for income tax amounted to $8,194,477 (31 March 2021: $2,946,327).

Refer to Market announcement, which precedes the Appendix 4E, for further commentary on the results for the year ended 31 March 2022.

3. Net tangible assets
	Reporting		Previous
	period		period
	Cents		Cents
Net tangible assets per ordinary security has been calculated by excluding the net right-of-use assets and leases liabilities
For
of ($5,968).

4. Control gained over entities

Brace168 Pty Ltd was 100% acquired by Cipherpoint limited as at 1 April 2021. Brace168 contributes approximately $0.9m of the loss from continuing operations for the 12 months.

Virtual Information Technology Pty Ltd was 100% acquired by Cipherpoint limited as at 1 November 2021. Virtual Information Technology contributes approximately $0.12m of the loss from continuing operations for the 5 months of ownership in the reporting period.

Cipherpoint Limited

Appendix 4E

Preliminary final report

5. Loss of control over entities

No entities were sold during the reporting period. As previously disclosed to the market, Cipherpoint sold a collection of software assets to archTIS.

only6. Dividends

Current period

There were no dividends paid, recommended or declared during the current financial period.

Previous period

There were no dividends paid, recommended or declared during the previous financial period.

use7. Audit qualification or review

Details of audit/review dispute or qualification (if any):

The financial statements are in the process of being audited and an unqualified opinion is expected to be issued. The auditor's report will contain a paragraph addressing material uncertainty related to going concern.

personal
	8. Attachments
	Details of attachments (if any):
	The Preliminary Financial Report of Cipherpoint Limited for the year ended 31 March 2022 is attached.
	9. Signed
	Signed ___________________________	Date: 10 June 2022
	Ted Pretty
	Chairman
	Sydney
For

onlyCipherpoint Limited

ABN 61 120 658 497

usePreliminary Financial Report - 31 March 2022 personalFor

Cipherpoint Limited

Contents

31 March 2022

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

onlyNotes to the consolidated financial statements

For usepersonal

2

4

5

6

7

1

Cipherpoint Limited

Consolidated statement of profit or loss and other comprehensive income For the year ended 31 March 2022

onlyRevenue from continuing operations

Revenue - technology related products and services

Other income - including COVID-19 stimulus grants

Fair value gain on financial liability

Expenses

Software and hardware for resale Employee benefit expense Consultancy fees expense

useDepreciation and amortisation expense Impairment of goodwill

Impairment of receivables

Legal and professional fees expense Marketing and promotion expense Travel and accommodation expense Office and administration expense Other expenses

Total expenses personalResults from operating activities

Finance income calculated using the effective interest method

Finance costs

Loss before income tax expense from continuing operations

Income tax expense

Loss after income tax expense from continuing operations Profit/(loss) after income tax expense from discontinued operations

Loss after income tax expense for the year attributable to the owners of Cipherpoint Limited

Other comprehensive income

Items that may be reclassified subsequently to profit or loss

Foreign currency translation

ForOther comprehensive income for the year, net of tax

Total comprehensive income for the year attributable to the owners of Cipherpoint Limited

Total comprehensive income for the year is attributable to:

Continuing operations

Discontinued operations

	Consolidated
Note	2022	2021
	$	$
2	4,238,261	-
2	100,000	49,911
	40,633	-
	4,378,894			49,911
	(663,716)	-
3	(5,405,486)	(1,354,203)
	(4,382)	(98,000)
3	(150,646)	(11,288)
3	(5,816,823)	-
	(30,000)	(32,039)
	(974,042)	(270,774)
	(167,626)	(240,180)
	(98,345)	(11,764)
	(411,181)	(138,977)
	(569,414)	(243,193)
	(14,291,661)			(2,400,418)
	(9,912,767)	(2,350,507)
	1,948	594
3	(29,473)		(7,268)
	(9,940,292)	(2,357,181)
	(10,496)		-
	(9,950,788)	(2,357,181)
	1,756,311		(589,146)
	(8,194,477)	(2,946,327)

169,322 (18,640)

169,322 (18,640)

(8,025,155) (2,964,967)

(9,781,466) (2,375,821)

1,756,311 (589,146)

(8,025,155) (2,964,967)

The above consolidated statement of profit or loss and other comprehensive income should be read in conjunction with

the accompanying notes

2