LYNAS RARE EARTHS LIMITED Appendix 4E (Listing Rule 4.3A)
Lynas Rare Earths Ltd (ACN 009 066 648)
And Controlled Entities
For the year ended 30 June 2021
Reporting Period: Year ended 30 June 2021
Comparative Reporting Period: Year ended 30 June 2020
Results for announcement to market
In AUD (000's) | 30 June 2021 | 30 June 2020 | Change | % Change |
Revenue from ordinary activities | 489,024 | 305,111 | 183,913 | 60.3% |
Earnings before interest, tax, | ||||
depreciation, amortisation and treasury | ||||
charges (EBITDA) | 235,284 | 59,722 | 175,562 | 294.0% |
Profit / (loss) from ordinary activities | ||||
after tax attributable to members. | 157,083 | (19,395) | 176,478 | 909.9% |
Net profit / (loss) for the period | ||||
attributable to members | 157,083 | (19,395) | 176,478 | 909.9% |
Dividend Information
No dividends have been paid or proposed at 30 June 2021
Net Tangible Assets
30 June 2021 | 30 June 2020 | |
(cents) | (cents) | |
Net Tangible Assets per share | 120.19 | 74.06 |
Other
Additional Appendix 4E disclosure requirements and commentary on significant features of the operating performance, results of segments, trends in performance and other factors affecting the results for the current period are contained in the 2021 Financial Report.
The Company's independent auditor Ernst & Young has completed an audit of the Company's 30 June 2021 Financial Report on which this report is based and has provided an unqualified audit opinion. A copy of the Company's Financial Report, inclusive of the audit report, is attached.
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ACN 009 066 648
and
Controlled Entities
Consolidated Financial Report
For the year ended 30 June 2021
Corporate Directory Information
ABN 27 009 066 648
Directors
Kathleen Conlon
Amanda Lacaze
Philippe Etienne
John Humphrey
Grant Murdoch
Vanessa Guthrie
Company Secretary
Sarah Leonard
Registered Office
Level 1, 45 Royal Street
East Perth WA 6004
Telephone: +61 8 6241 3800
Email: general@lynasre.com
Share Register
Boardroom Pty Ltd
Level 12, Grosvenor Place 225 George Street Sydney NSW 2000 Telephone: +61 2 9290 9600 Fax: +61 2 9279 0664
Email: enquiries@boardroomlimited.com.au
Auditors
Ernst & Young
11 Mounts Bay Road
Perth WA 6000
Internet Address
www.lynasrareearths.com
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Table of Contents | |
DIRECTORS' REPORT ........................................................................................................................................... | 4 |
SUSTAINABILITY STATEMENT .......................................................................................................................... | 22 |
REMUNERATION REPORT - AUDITED.............................................................................................................. | 23 |
DIRECTORS' DECLARATION.............................................................................................................................. | 38 |
AUDITOR'S INDEPENDENCE DECLARATION................................................................................................... | 39 |
INDEPENDENT AUDITOR'S REPORT................................................................................................................. | 40 |
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME ................ | 47 |
CONSOLIDATED STATEMENT OF FINANCIAL POSITION ............................................................................... | 48 |
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY................................................................................ | 49 |
CONSOLIDATED STATEMENT OF CASH FLOWS ............................................................................................ | 50 |
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.................................................................................. | 51 |
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Lynas Rare Earths Limited and Controlled Entities
Directors' Report
The Board of Directors (the "Board" or the "Directors") of Lynas Rare Earths Limited (the "Company") and its subsidiaries (together referred to as the "Group") submit their report for the year ended 30 June 2021. In order to comply with the provisions of the Corporations Act 2001, the Directors report as follows:
CORPORATE INFORMATION
Lynas Rare Earths Limited is limited by shares and is incorporated and domiciled in Australia. The Group's corporate structure is as follows:
DIRECTORS
The names and details of the Company's Directors who were in office during or since the end of the financial year are as set out below. All Directors were in office for this entire period unless otherwise stated.
Kathleen Conlon BA (Econ) (Dist.), MBA, FAICD
Non-Executive Chair (Appointed to Chair 30 September 2020)
Ms Conlon was appointed as a Non-Executive Director from 1 November 2011. Ms Conlon is currently a Non-Executive Director of REA Group Limited, Aristocrat Leisure Limited, BlueScope Steel Limited and The Benevolent Society and is a former Non-Executive Director of CSR Limited. She is a member of Chief Executive Women, former President of the NSW division of the Australian Institute of Company Directors and a former member of the National Board of the Australian Institute of Company Directors. Ms Conlon is a former Chairperson of the audit committee of the Commonwealth Department of Health. Prior to her Non-Executive Director career, Ms Conlon spent 20 years in professional consulting where she successfully assisted companies to achieve increased shareholder returns through strategic and operational improvements in a diverse range of industries.
Ms Conlon is one of the pre-eminent thought leaders in the area of operations and change management, both in Australia and globally. In 2003, Ms Conlon was awarded the Commonwealth Centenary medal for services to business leadership.
Ms Conlon is a member of the Nomination, Remuneration and Community Committee and the Health, Safety and Environment Committee.
Mike Harding MSc (MecEn)
Non-Executive Chair (Resigned 30 September 2020)
Mr Harding joined the Company as Non-Executive Chairman on 1 January 2015 and has significant experience with industrial businesses, having previously held management positions around the world with British Petroleum (BP), including as President and General Manager of BP Exploration Australia.
Mr Harding is currently Chairman of Downer EDI Ltd, Chairman of Horizon Oil Limited, and a Non-Executive Director of Cleanaway Waste Management Limited (formerly Transpacific Industries Group Ltd). He is a former Chairman of Roc Oil Company Limited and a former Non- Executive Director of Santos Limited and Clough Limited.
Mr Harding resigned from the Company effective 30 September 2020.
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Lynas Rare Earths Limited published this content on 27 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 August 2021 04:00:02 UTC.
