25 Nov

Preliminary Final Report

Sietel Limited Preliminary final report Year Ended 30 September 2021 1 25 November 2021 Company Announcements Office Australian Securities Exchange Limited 20 Bridge Street SYDNEY NSW 2000 Dear Sirs, Announcement to the market In accordance with Australian Stock Exchange (ASX) Listing Rule 4.3A, Sietel Limited has attached its Appendix 4E – Preliminary final report for the year ended 30 September 2021. An audit report has not been issued at this stage, however the directors have received no indication from the audit staff that a qualified opinion is being considered. Yours sincerely Sietel Limited Richard Rees Managing Director Sietel Limited Address: 140-144 Cochranes Rd, Moorabbin, Victoria, Australia ACN 004 217 734 Postal Address: PO Box 1195 Moorabbin, Victoria 3189 ABN 75 004 217 734 Telephone: (03) 9553 5740 Fax: (03) 9555 2662 Sietel LIMITED ACN 004 217 734 Incorporated in Victoria Sietel Limited Preliminary final report Year Ended 30 September 2021 2 Appendix 4E Preliminary final report Period ended 30 September 2021 Name of entity SIETEL LIMITED ABN or equivalent company reference Half yearly (tick) Preliminary final (tick) Financial year ended (‘current period’) 004 217 734 ? 30 SEPTEMBER, 2021 Results for announcement to the market $ Total Revenues Down 18% to 9,640,119 Profit (loss) from ordinary activities after tax attributable to members Down 23% to 1,362,026 Net profit (loss) for the period attributable to members Down 2 3 % to 1, 362,026 Dividends (distributions) – Ordinary Shares Amount per security Franked amount per security Final dividend Interim dividend Nil ¢ Nil ¢ Previous corresponding period Nil ¢ Nil ¢ + Record date for determining entitlements to the dividend, (in the case of a t ru st, distributi on ) N/A Dividends (distributions) – Preference Shares Amount per security Franked amount per security Final dividend – Paid 7 Jan 2021 – Record date 6 Jan 2021 Interim dividend – Paid 7 July 2021 – Record date 6 July 2021 5 ¢ 5 ¢ Nil ¢ Nil ¢ Previous corresponding period Final dividend – Paid 5 Jan 2020 – Record date 2 Jan 2020 Interim dividend – Paid 7 July 2020 – Record date 6 July 2020 5 ¢ 5 ¢ Nil ¢ Nil ¢ The directors announce a profit after tax attributable to members for year ended 30 September 2021 of $1,362,026. Sietel Limited Preliminary final report Year Ended 30 September 2021 3 Ratios and Other Measures Current period Previous corresponding Period Profit before tax / revenue Consolidated profit (loss) before tax as a percentage of r ev enue 15.15% 15.37% Profit after tax / + equity interests Consolidated net profit (loss) after tax attributable to members as a percentage of equity (similarly attributable) at the end of the period 1.78% 2.57% Earnings per security (EPS) Basic EPS = Profit/(loss) for the period = 1,362,026 = 17.01 ¢ No. Of ordinary securities 8,007,479 Diluted = Profit/(loss) for the period = 1,362,026 = 16.85 ¢ EPS No. Of ordinary securities 8,007,479+75,000 + Preference securities NTA backing Current period Previous corresponding Period Net tangible asset backing per + ordinary security 957 CENTS 858 CENTS Sietel Limited Preliminary final report Year Ended 30 September 2021 4 SIETEL LIMITED CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR E ND ED 30 SEPTEMBE R 20 2 1 Year Ended Year Ended 30 Sept 20 2 1 30 Sept 20 20 $ $ REVENUE Sales revenue 3,608,265 5,677,828 Dividends received 1,579,730 1,159,540 Interest received 9,722 24,356 Rent revenue 3,410,696 3,431,124 Other revenue 551,654 597,820 Government COVID-19 payments 359,063 503,213 Insurance payouts - 277,455 9,519,130 11,671,336 Profit on disposal of property, plant and equipment - - Profit on disposal of investments 120,989 73,997 Total Revenue 9,640,119 11,745,333 EXPENS ES Costs of goods sold 2,664,056 4,180,391 Overheads (Operating) 4,506,731 4,693,559 Administration expenses 991,463 1,042,092 Selling expenses 17,683 24,601 Finance expenses - - Impairment loss - - To t al E xpenses 8,179,933 9,940,643 Profit before income tax 1,460,186 1,804,690 Income tax expense (98,160) (42,077) Profit after income tax 1,362,026 1,762,613 Net profit attributable to members of th e Co mpany 1,362,026 1,762,613 Other c o mpreh ensive income Items that may be reclassified subsequently to profit or loss Net gain/(loss) on financial assets at fair value through other comprehensive income 6,544,523 (3,826,409) Tot al com prehensive income/(loss) 7,906,549 (2,063,796) Earnings per share (EPS) Basic EPS (cents per share) 17.01 22.01 Diluted EPS (cents per share) 16.85 21.81 Sietel Limited Preliminary final report Year Ended 30 September 2021 5 SIETEL LIMITED C ON DE NSED CONSOLID ATED STATEMENT OF PROFIT OR LOSS AND OTHE R COMP REHENSIVE I NCOME FOR THE YEAR E NDED 30 SEPTEMBE R 20 2 1 Year Ended Year Ended 30 Sept 20 2 1 30 Sept 20 20 $ $ Profit for the year attributable to: Owners of the Parent 1,362,026 1,762,613 1,362,026 1,762,613 Total comprehe nsive income /(los s) for the year attributable to: Owners of the Parent 7,906,549 (2,063,796) 7,906,549 (2,063,796) Sietel Limited Preliminary final report Year Ended 30 September 2021 6 SIETEL LIMITED CONDENSED CONSOLIDATED STA TE ME NT OF FINANCI AL POSITION AS AT 30 SEPTEMBE R 20 2 1 As At As At 30 Sept 20 2 1 30 Sept 20 20 $ $ Cur rent Assets Cash and cash equivalents 1,382,969 3,089,011 Trade and other receivables 939,762 578,182 Inventories 1,152,466 593,187 Other current assets 295,525 311,083 Current tax receivables 176,329 13,177 Total Current Ass ets 3,947,051 4,584,640 Non - Current Assets Financial assets 42,529,102 31,239,453 Property, plant and equipment 2,750,014 2,200,338 Investment property 31,524,438 31,906,063 Deferred tax assets 948,619 1,069,774 Total Non - Current Asset s 77,752,173 66,415,628 Total Assets 81,699,224 71,000,268 Current Liabilities Trade and other payables 1,172,351 585,597 Other liabilities 294,712 280,781 Provisions 1,211,825 1,161,288 Current tax liabilities - - Tota l Current Liabilities 2,678,888 2,027,666 Non - Current Liabilities Deferred tax liabilities 2,404,049 255,364 Total Non - Cu rr ent Liabiliti es 2,404,049 255,364 Tot al L iabilities 5,082,937 2,283,030 Net Assets 76,616,287 68,717,238 Equity Issued capital 4,257,129 4,257,129 Reserves 7,195,788 651,265 Retained earnings 65,163,370 63,808,844 Total Shar eholders' Equity 76,616,287 68,717,238 Sietel Limited Preliminary final report Year Ended 30 September 2021 7 SIETEL LIMITED CONDENSED CON SOLIDATED STATEME NT O F CHANGES IN EQUITY FOR THE YEAR ENDED 30 SEPTEMBER 20 2 1 Economic Entity Issued Capital Reserves Retained Earnings Total Equity Balance at 30 September 2019 4,257,129 7,708,447 58,822,958 70,788,534 Net profit for the year - - 1,762,613 1,762,613 Transfer from reserves to retained earnings - (3,230,773) 3,230,773 - Other comprehensive income/(loss) - (3,826,409) - (3,826,409) Dividends paid - - (7,500) (7,500) Balance at 30 September 2020 4,257,129 651,265 63,808,844 68,717,238 Net profit for the year - - 1,362,026 1,362,026 Other comprehensive income/(loss) - 6,544,523 - 6,544,523 Dividends paid - - (7,500) (7,500) Balance at 30 September 2021 4,257,129 7,195,788 65,163,370 76,616,287 Sietel Limited Preliminary final report Year Ended 30 September 2021 8 SIETEL LIMITED CONDENSED CONSOLIDATED STATE MENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 20 2 1 Year Ended Year Ended 30 Sept 20 2 1 30 Sept 20 20 $ $ Cash flows from Operating Activitie s Receipts from customers 7,201,309 10,289,578 Receipts from government COVID-19 payments 359,063 503,213 Receipts from insurance payouts - 277,455 Payments to suppliers & employees (6,792,260) (8,692,300) Income tax (paid)/refund (143,036) 160,640 Interest received 9,722 24,356 Dividends received 1,587,456 1,144,544 Net cash provided by operating ac tivities 2,222,254 3,707,486 Cash flows from Investing Activ ities Proceeds from sale of financial assets 891,506 573,463 Purchase of property, plant & equipment (748,346) (32,544) Purchase of investment properties (699,878) (166,528) Purchase of financial assets (3,364,078) (2,664,214) Net cash ( used ) in inve sting activiti es (3,920,796) (2,289,823) Cash flows from Financing Activities Dividends paid (7,500) (7,500) Net cash ( used ) in fin ancing activities (7,500) (7,500) Net increase/(decrease) in cash flows (1,706,042) 1,410,163 Cash as at beginning of period 3,089,011 1,678,848 Cash and cash equivalents at the end of the year 1,382,969 3,089,011 Sietel Limited Preliminary final report Year Ended 30 September 2021 9 SIETEL LI MITED CONDENSED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FO R THE YEAR ENDE D 30 SEPTEMBER 20 2 1 1. Basis of Preparation of the Financial Statements This preliminary final report has been prepared in accordance with ASX Listing Rule 4.3A and the disclosure requirements of the ASX Appendix 4E. The accounting policies adopted in the preparation of this preliminary final report are consistent with those to be adopted and disclosed in the 2021 annual report. 2. Related Party Transactions The Group has had no related party transactions during the year ended 30 September 2021, which are significantly different in quantum or nature from those for the year ended 30 September 2020. Arrangements with related parties continue to be in place and transactions for the year ended 30 September 2021 are similar in nature to those for the year ended 30 September 2020. 3. Subsequent Events No other matter or circumstance has arisen since 30 September 2021 that has significantly affected or may significantly affect the operations, results or state of affairs of the Group in the near future. 4. Audit This report is based on the accounts which are in the process of being audited. 5. Segment Reporting Revenue Results Assets Liabilities Depreciation 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 Continuing operations Investments 5,724 5,679 1,656 1,665 78,946 68,031 4,006 1,854 1,195 1,220 Operations 3,916 6,066 (294) 98 2,753 2,969 1,077 429 85 99 TOTAL 9,640 11,745 1,362 1,763 81,699 71,000 5,083 2,283 1,280 1,319
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