in this section
key financial data
2021
$000 |
2020
$000 |
||
---|---|---|---|
Administrative expenses | (1,096) | (1,046) | |
Loss from operations | (1,096) | (1,046) | |
Finance income | 74 | 55 | |
Finance expense | (1) | (11) | |
Loss before tax | (1,023) | (1,002) | |
Tax expense | — | — | |
Loss for the year and total comprehensive loss for the year attributable to equity owners of the parent | (1,023) | (1,002) | |
Basic and diluted loss per share (see note 4) |
(0.21) cents |
(0.21) cents |
To read the notes, please download the latest annual report here.
2021 | 2020 | |||||
---|---|---|---|---|---|---|
$000 | $000 | $000 | $000 | |||
Assets | ||||||
Non-current assets | ||||||
Property, plant and equipment | 22 | 151 | ||||
Intangible assets | 292,746 | 292,241 | ||||
Total non-current assets | 292,768 | 292,392 | ||||
Current assets | ||||||
Other receivables | 183 | 225 | ||||
Cash and cash equivalents | 714 | 2,184 | ||||
Total current assets | 897 | 2,409 | ||||
Total assets | 293,665 | 294,801 | ||||
Liabilities | ||||||
Current liabilities | ||||||
Trade and other payables | (126) | (240) | ||||
Total net assets | 293,539 | 294,561 | ||||
Equity attributable to the equity owners of the parent company | ||||||
Share capital | 8,530 | 8,530 | ||||
Share premium | 308,602 | 308,602 | ||||
Other reserves | 1,778 | 1,777 | ||||
Retained deficit | (25,355) | (24,332) | ||||
Foreign currency reserve | (16) | (16) | ||||
Total equity | 293,539 | 294,561 |
To read the notes, please download the latest annual report here.
2021 | 2020 | |||||
---|---|---|---|---|---|---|
$000 | $000 | $000 | $000 | |||
Cash flow from operating activities | ||||||
Loss before tax | (1,023) | (1,002) | ||||
Adjustments for: Depreciation | 129 | 95 | ||||
Share-based payment | 1 | — | ||||
Finance costs | 1 | 11 | ||||
Finance income | (74) | (54) | ||||
Unrealised foreign currency movements | — | 2 | ||||
Cash flows used in operating activities before changes in working capital | (966) | (948) | ||||
Decrease in other receivables | 42 | 8 | ||||
Increase/(decrease) in trade and other payables | 10 | (61) | ||||
Net cash outflow from operating activities | (914) | (1,000) | ||||
Cash flows used in investing activities | ||||||
Interest received | — | 2 | ||||
Purchase of intangible assets | (505) | (476) | ||||
Net cash used in investing activities | (505) | (474) | ||||
Cash flows used in financing activities | ||||||
Lease interest | (1) | (11) | ||||
Lease payments | (124) | (62) | ||||
Net cash used in financing activities | (125) | (73) | ||||
Net decrease in cash and cash equivalents | (1,544) | (1,547) | ||||
Cash and cash equivalents at the beginning of the year | 2,184 | 3,682 | ||||
Exchange gain on cash and cash equivalents | 74 | 49 | ||||
Cash and cash equivalents at the end of the year | 714 | 2,184 |
To read the notes, please download the latest annual report here.