Tesserent Limited Annual Report 2021

Consolidated Statement of Changes In Equity Contributed equity $’000 Converting notes $’000 Reserves $’000 Accumulated losses $’000 Total equity $’000 Balance at 1 July 2019 13,756 – 773 (14,165) 362 Loss after income tax benefit for the year – – – (7,312) (7,312) Other comprehensive income for the year, net of tax – – – – – Total comprehensive income for the year – – – (7,312) (7,312) Issue of shares 4,924 – – – 4,924 Issue of convertible notes – 9,434 – – 9,434 Capital raising costs (330) (451) – – (781) Share based payments 1,628 – 1,781 – 3,409 Shares issues as part of business combination 6,732 – – – 6,732 Shares issued on conversion of convertible notes 2,775 (2,775) – – – Distributions to convertible note holders – 324 – (324) – Options expired – – (403) 403 – Deferred tax – – (310) – (310) Impact AASB 16 Lease, net of tax – – – 49 49 Balance at 30 June 2020 29,485 6,532 1,840 (21,349) 16,507 Balance at 1 July 2020 29,485 6,532 1,840 (21,349) 16,507 Loss after income tax benefit for the year – – – (4,533) (4,533) Other comprehensive income for the year, net of tax – – – – – Total comprehensive income for the year – – – (4,533) (4,533) Capital raising costs (216) – – – (216) Warrants issued – – 8,050 – 8,050 Share options issued – – 4,213 – 4,213 Shares issued or accrued as part of business combinations 50,480 – – – 50,480 Shares issued or accrued to employees or consultants 4,744 – – – 4,744 Shares issued on conversion of convertible notes 7,172 (6,721) – (451) – Distribution to convertible note holders – 190 – (190) – Options exercised 4,114 – (169) (90) 3,855 Options forfeited – – (365) 365 – Warrants exercised 7,213 – – – 7,213 Deferred tax – – (2,400) (310) (2,710) Translation of foreign operations – – 30 – 30 Balance at 30 June 2021 102,992 – 11,200 (26,558) 87,633 The above consolidated statement of changes in equity should be read in conjunction with the accompanying notes. for the year ended 30 June 2021 49