Hydrix : Appendix 4D and Half-Yearly Report

Hydrix Limited

Appendix 4D

Half-year report

1 Company Information

For personal use only

Name of entity:	HYDRIX LIMITED
ABN:	84 060 369 048
Reporting period:	For the half-year ended 31 December 2021
Previous period:	For the half-year ended 31 December 2020

• Results for announcement to the market
  The consolidated entity has adopted Accounting Standard AASB 2021-3 'Amendments to Australian Accounting Standards - Covid-19-Related Rent Concessions beyond 30 June 2021' for the half-year ended 31 December 2021. The Accounting Standard was adopted using the practical expedient and as such the Right-of-Use asset has not been remeasured.

				$
Revenues from ordinary activities	up	1.5%	to	5,169,769
(Loss) from ordinary activities after tax attributable to the owners
of Hydrix Limited	down	50.2%	to	(2,404,457)
(Loss) for the half-year attributable to the owners of Hydrix Limited	down	50.1%	to	(2,406,651)
Dividends
The consolidated entity does not propose to pay a dividend.

No dividend or distribution plans are in operation.

Comments

The loss for the consolidated entity after providing for income tax amounted to $2,406,651 (31 December 2020: $4,825,764). The consolidated entity's results for the financial half-year reflect the challenging operating environment caused by COVID-19 and ongoing investments in the medical product distribution business and venture investment portfolio.

3 Net tangible assets / (liabilities)
	Reporting	Previous
	period	period
	Cents	Cents
Net tangible assets / (liabilities) per ordinary security (including right-of-use assets)	(0.81)	2.47

• Control gained over entities
  On 11 August 2021 the company incorporated a subsidiary, Hydrix Medical New Zealand Limited.

• Loss of control over entities Not applicable.

Hydrix Limited

Appendix 4D

Half-year report

6 Details of associates and joint venture entities

For personal use only

Not applicable.

• Audit qualification or review
  Details of audit/review dispute or qualification (if any):
  The financial statements have been subject to a review by the auditors and the review report is included in the Interim Financial Report.

• Attachments
  Details of attachments (if any):
  The Interim Report of Hydrix Limited for the half-year ended 31 December 2021 is attached.

9 Signed

Date: 28 February 2022

Mr Gavin Coote

Executive Chairman

Melbourne

For personal use only

HYDRIX LIMITED

INTERIM REPORT

FOR THE HALF-YEAR ENDED 31 DECEMBER 2021

ABN: 84 060 369 048

3

Hydrix Limited

ABN : 84 060 369 048

Contents

31 December 2021

For personal use only

Contents	Page
Corporate Directory	5
Directors' Report	6
Auditors' Independence Declaration	10
Consolidated Statement of Profit & Loss and Other Comprehensive Income	11
Consolidated Statement of Financial Position	12
Consolidated Statement of Changes in Equity	13
Consolidated Statement of Cash Flows	14
Notes accompanying the Financial Statements	15
Directors' Declaration	27
Independent Auditor's Review Report	28

General information

The financial statements cover Hydrix Limited as a consolidated entity consisting of Hydrix Limited and the entities it controlled at the end of, or during, the half-year. The financial statements are presented in Australian dollars, which is Hydrix Limited's functional and presentation currency.

Hydrix Limited is a listed public company limited by shares, incorporated and domiciled in Australia. Its registered office and principal place of business are:

Registered office	Principal place of business
30-32 Compark Circuit	30-32 Compark Circuit
Mulgrave VIC 3170	Mulgrave VIC 3170

A description of the nature of the consolidated entity's operations and its principal activities are included in the directors' report, which is not part of the financial statements.

The financial statements were authorised for issue, in accordance with a resolution of directors, on 28 February 2022. The directors have the power to amend and reissue the financial statements.

4

For personal use only

Hydrix Limited

Corporate Directory

31 December 2021

Directors	Mr Gavin Coote
	(Executive Chairman)
	Ms Julie King
	(Non-Executive Director)
	Ms Joanne Bryant
	(Non-Executive Director)
	Mr Paul Wright
	(Non-Executive Director)
	Mr Paul Lewis
	(Non-Executive Director)
Company Secretary	Ms Alyn Tai
Registered Office	30-32 Compark Circuit
	Mulgrave VIC 3170
	Phone: [phone]
Principal place of business	30-32 Compark Circuit
	Mulgrave VIC 3170
Share register	Boardroom Pty Limited
	Grosvenor Place
	Level 12, 225 George Street
	Sydney NSW 2000
Auditor	Grant Thornton Audit Pty Ltd
	Collins Square, Tower 5
	727 Collins Street
	Melbourne VIC 3008
Solicitors	Holding Redlich
	Level 8, 555 Bourke Street
	Melbourne VIC 3000
Stock Exchange Listing	Hydrix Limited's shares are listed on the
	Australian Securities Exchange (ASX code: HYD)
Website	www.hydrix.com
Country of incorporation and domicile	Australia

5