ENERGY ACTION LIMITED Energy Action Limited
ABN: 90 137 363 636
2022 Annual Report
Table of Contents | |
Share and Shareholder Information............................................................ | 71 |
Corporate information
ACN: 137 363 636
Directors
Murray Bleach - Non-Executive Chairman
Nitin Singhi - Independent Non-Executive Director (resigned 23 September 2021)
Paul Meehan - Non-Executive Director
Bruce Macfarlane - Executive Director and Interim CEO
Company Secretary
Kim Bradley-Ware
Registered Office and principal place of business
Level 5, 56 Station Street
Parramatta NSW 2150
Share Register
Link Market Services Limited
Level 12
680 George Street
Sydney NSW 2000
Energy Action Limited shares (EAX) are listed on the Australian Securities Exchange (ASX)
Solicitors
DLA Piper
No 1 Martin Place
Sydney NSW 2000
Bankers
Commonwealth Bank of Australia
Level 3, 101 George Street
Parramatta NSW 2150
Auditors
RSM Australia Partners
Level 13, 60 Castlereagh Street
Sydney, NSW 2000
Energy Action Financial Report for the Full Year Ended 30 June 2022
3
Financial Report for the year ended 30 June 2022 | |
Table of Contents | |
Auditor's Independence Declaration ............................................................................................................. | 16 |
Remuneration Report (Audited).................................................................................................................... | 17 |
Financial Statements.................................................................................................................................... | 25 |
Consolidated Statement of Comprehensive Income ..................................................................................... | 25 |
Consolidated Statement of Financial Position............................................................................................... | 26 |
Consolidated Statement of Changes in Equity .............................................................................................. | 27 |
Consolidated Statement of Cash Flow.......................................................................................................... | 28 |
Notes to the Financial Statements for year ended 30 June 2022 .................................................................. | 29 |
Note 1: Corporate Information ................................................................................................................................. | 29 |
Note 2: Summary of Significant Accounting Policies................................................................................................ | 29 |
Note 3: Significant Accounting Judgements, Estimates and Assumptions............................................................... | 39 |
Note 4: Segment information ................................................................................................................................... | 39 |
Note 5: Revenue, Other Income and Expenses....................................................................................................... | 40 |
Note 6: Income Tax Expense................................................................................................................................... | 42 |
Note 7: Earnings per Share ..................................................................................................................................... | 43 |
Note 8: Dividends..................................................................................................................................................... | 44 |
Note 9: Cash and Cash Equivalents ........................................................................................................................ | 45 |
Note 10: Trade and Other Receivables.................................................................................................................... | 45 |
Note 11: Property Plant and Equipment................................................................................................................... | 47 |
Note 12: Intangible Assets ....................................................................................................................................... | 48 |
Note 13: Other Assets.............................................................................................................................................. | 49 |
Note 13(a): Right-of-use Assets............................................................................................................................... | 50 |
Note 14: Trade and Other Payables ........................................................................................................................ | 51 |
Note 14(a): Lease Liability ....................................................................................................................................... | 51 |
Note 15: Tax ............................................................................................................................................................ | 52 |
Note 16: Provisions and other liabilities ................................................................................................................... | 53 |
Note 17: Loans and Borrowings............................................................................................................................... | 53 |
Note 18: Issued Capital and Reserves..................................................................................................................... | 55 |
Note 19: Capital and Leasing Commitments............................................................................................................ | 58 |
Note 20: Cash Flow Information............................................................................................................................... | 59 |
Note 21: Related Party Disclosures ......................................................................................................................... | 60 |
Note 22: Financial Risk Management ...................................................................................................................... | 61 |
Note 23: Auditors' Remuneration............................................................................................................................. | 64 |
Note 24: Information relating to Energy Action Limited ("the parent entity")............................................................. | 65 |
Note 25: Events after the reporting period ............................................................................................................... | 66 |
Director's Declaration................................................................................................................................... | 67 |
Independent audit report to members of Energy Action Limited .................................................................... | 68 |
Energy Action Financial Report for the Full Year Ended 30 June 2022
4
Directors' Report
Your Directors present their report, together with the financial statements for Energy Action Limited (the "Company") and its consolidated entities (the "Group"), for the financial year ended 30 June 2022.
Directors
The names and details of the Company's Directors in office during the financial year and until the date of this report are as follows. Directors were in office for this entire period unless otherwise stated.
Murray Bleach (Non-Executive Chairman)
Qualifications - Bachelor of Arts (Financial Studies) and Master of Applied Finance - Macquarie University, Institute of Chartered Accountants, Graduate Member of the Australian Institute of Company Directors.
Experience - Board Member since 2012, Chairman since 2015
Special Responsibilities - Member of each of the Audit & Risk Management and Nomination & Remuneration Committees
Directorships held in other listed entities currently and during the three prior years to the current year:
Carlton Investments Ltd - Independent Non-Executive Director (appointed 2 December 2014)
Other Directorships and interests - Partner in Alfred Street Investment Partners, Chairman of AddVenture Fund and Tidal Ventures and Consultant to Australian Super.
Paul Meehan (Non-Executive Director)
Qualifications - Diploma of Law (SAB), University of Sydney
Experience - Board member since 2003
Special Responsibilities - Member of each of the Audit & Risk Management and Nomination & Remuneration Committees.
Directorships held in other listed entities currently and during the three prior years to the current year: nil
Other Directorships and interests - Director of Meehans Solicitors Pty Ltd, Non-executive Director of Commercial First Realty Pty Ltd T/as LJ Hooker Commercial Macarthur.
Nitin Singhi (Independent Non-Executive Director) - resigned 23 September 2021
Qualifications - Bachelor of Economic and Master of Laws - University of Sydney, Member of the Australian Institute of Company Directors
Experience - Board Member since 2015
Special Responsibilities - Chairman of each of the Audit & Risk Management and Nomination & Remuneration Committees.
Directorships held in other listed entities currently and during the three prior years to the current year: nil
Other Directorships and interests - Managing Director of Horizon Private Capital Partners, Director of TiE Sydney, Director of Sport and Leisure Education Group Pty Limited.
Energy Action Financial Report for the Full Year Ended 30 June 2022
5
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Energy Action Limited published this content on 30 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 October 2022 07:19:03 UTC.
