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.