Tesserent Limited Annual Report 2021

Note 2021 $’000 2020 $’000 Assets Current Assets Cash and cash equivalents 9 14,860 4,350 Trade and other receivables 11 24,799 7,423 Contract assets 12 9,293 780 Prepayments 13 1,906 1,382 Inventories 14 85 64 Lease asset receivables 15 254 – Current tax asset 215 288 Total current assets 51,412 14,286 Non-Current Assets Contract assets 12 159 158 Property, plant and equipment 18 2,700 864 Intangibles 19 29,577 7,618 Goodwill 20 83,259 15,965 Right-of-use assets 17 6,812 3,921 Lease asset receivables 15 534 – Investments in associates and joint ventures 21 5,867 – Other assets 16 811 466 Total non-current assets 129,718 28,992 Total Assets 181,130 43,278 Liabilities Current Liabilities Trade and other payables 22 28,973 7,470 Contract liabilities 23 7,335 2,651 Lease liabilities 24 2,390 1,046 Provisions 25 2,831 843 Income tax payable 26 172 – Deferred settlement liabilities 27 11,699 4,714 Total current liabilities 53,400 16,724 Non-Current Liabilities Contract liabilities 23 1,179 129 Lease liabilities 24 5,078 3,489 Borrowings 28 25,603 3,637 Provisions 25 675 666 Deferred settlement liabilities 27 1,652 686 Deferred tax liability 8 5,910 1,440 Total non-current liabilities 40,097 10,047 Total Liabilities 93,497 26,771 Net Assets 87,633 16,507 47 Consolidated Statement of Financial Position as at 30 June 2021

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