For personal use only
Smiles Inclusive Limited
ACN 621 105 824
Financial
Report
30 June 2021
Table of Contents
Annual report | ||
Corporate directory | [3] | |
only | Directors Report | [4] |
Corporate governance statement | [14] | |
Auditor independence | [15] | |
Financial Statements | ||
Statement of profit or loss and other comprehensive income | [16] | |
Balance sheet | [17] | |
Statement of changes in equity | [18] | |
Statement of cash flows | [19] | |
Notes to the financial statements | [20] | |
Section A How the numbers are calculated | [21] | |
A1: Profit and loss information | [22] | |
Revenue | [22] | |
use | Income tax expenses | [23] |
A2: Financial assets and liabilities | [24] | |
Receivables and other assets | [24] | |
Payables and other liabilities | [26] | |
Interest bearing loans and borrowings | [27] | |
Joint venture partner contribution | [28] | |
A3: Non-Financial assets and liabilities | [29] | |
Inventory | [29] | |
Property, plant and equipment | [29] | |
Right-of-use assets and lease liabilities | [30] | |
personal | A4: Equity | [32] |
Contributed equity | [32] | |
Dividends and distributions | [33] | |
A5: Segment information | [33] | |
Segment information | [33] | |
Section A6. Arrangement of 'DOCA' / Liquidation | [33] | |
DOCA & Liquidation Information | [33] | |
Section B Risk Management | [34] | |
Critical estimates and judgements | [34] | |
Financial risk management | [34] | |
Capital management | [34] | |
Section C Group Structure | [35] | |
Disposal of businesses | [35] | |
Interest in other entities | [35] | |
Section D How the numbers are calculated - other items | [35] | |
Earnings per security | [35] | |
Cash and cash equivalents | [36] | |
Provisions | [36] | |
Retained profits/ (accumulated losses) | [37] | |
Section E Other information | [37] | |
Related party transactions | [37] | |
Auditor's remuneration | [38] | |
For | Share Based Payments | [38] |
Parent entity | [39] | |
Deed of cross guarantee | [39] | |
Events occurring during and after balance date | [39] | |
Going Concern | [39] | |
Other accounting policies | [39] | |
Directors Declaration | [39] | |
Independent Auditors Report | [40] | |
Shareholders and other information | [41] |
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For personal use only
Corporate Directory
Registered Office 62 Aston Terrace Spring Hill, QLD, 4000 1300 942 234
Principal Place of Business
62 Aston Terrace
Spring Hill, QLD, 4000 1300 942 234
Current Directors
Iain Gray (Chairman)
Marshini Thulkanam
Mark Rudulph Van Wyk
Previous Directors as at 30 June 2020
David Usasz (Chairman) - resigned 30 July 2021
Peter Evans - resigned 23 September 2020
Peter Fuller - resigned 5 November 2020
Genna Levitch - resigned 29 July 2021
Michelle Aquilina - resigned 29 July 2021
Company Secretary
Marshini Thulkanam
Auditor
FSA Audit Pty Ltd
Share Registry
Link Market Services
Level 12, 680 George Street Sydney NSW 2000 (02) 8280 7100
Stock Exchange Listing
Smiles Inclusive Limited shares are listed on the Australian Security Exchange under the code "SIL".
3
For personal use only
Directors' report
The Directors present their report on the consolidated entity consisting of Smiles Inclusive Limited (referred to hereafter as the Company) and the entities it controlled at the end of, or during, the period ended 30 June 2021. Throughout the report, the consolidated entity is referred to as the Group.
Directors and Company Secretary
The following persons were Directors and Company Secretary of the Company at any time during or since the end of the financial year:
Current Directors | |
Iain Gray | Non-Executive Director (Appointed 28 July 2021) |
Marshini Thulkanam | Managing Director and Company Secretary (Appointed 28 July 2021) |
Mark Rudulph Van | Non-Executive Director (Appointed 29 July 2021) |
Wyk | |
Previous Directors as at 30 June 2021 | |
D Usasz | Chairman (appointed 22 May 2019 and resigned 30 July 2021) |
P Evans | Non-Executive Director (Appointed 1 August 2018, resigned 23 September 2020) |
P Fuller | Non-Executive Director (appointed 25 June 2020, resigned 5 November 2020) |
G Levitch | Non-Executive Director (Appointed 24 September 2020 and resigned 29 July 2021) |
M Aquilina | Managing Director (appointed 14 April 2020 and resigned 29 July 2021) |
A Ritter | Company Secretary (Appointed 15 May 2020, 03 February 2022) |
The Directors qualifications, experience and responsibilities, and interest are as follows:
D Usasz - Bachelor of Commerce, Fellow Chartered Accountant
Chairman & Independent Non-Executive Director
Independent Non-Executive Director and Chairman. | ||
Experience and expertise | Provides counsel on financial and strategic matters drawing on 31 years of | |
service at PricewaterhouseCoopers, including 20 years as partner. | ||
Other current | MSL Solutions Ltd (ASX) | |
directorships | ||
Former directorships in | GARDA Capital Group, and GARDA Capital Limited as responsible entity | |
last 3 years | for the GARDA Diversified Property Fund. | |
Chair of Board | ||
Special responsibilities | Chair of Audit and Risk Committee | |
Member of Nomination and Remuneration Committee | ||
Interests in shares and | Ordinary shares - Smiles Inclusive Limited | 3,500,000 |
options | ||
P Evans - Bachelor of Commerce, GradDipAdvAcc, F Fin, FSIA
Independent Non-Executive Director
Independent Non-Executive Director. 30-year stockbroking career and | |||
Experience and expertise | extensive Board experience with a range of private and ASX-listed | ||
companies. | |||
Other current | Intrepid Mines Limited | ||
directorships | |||
Former directorships in | Talon Petroleum Limited | ||
last 3 years | |||
Special responsibilities | Member of Audit and Risk Committee | ||
Chair of Nomination and Remuneration Committee | |||
Interests in shares and | Ordinary shares - Smiles Inclusive Limited | 2,892,000 | |
options | |||
4
For personal use only
Directors' report
Directors and company secretary (continued)
P Fuller - Bachelor Dental Technology and Dental Prosthetics
Non-Executive Director
Experience and expertise | Founded Q Dental Australia Pty Ltd in 2009. Over 30 years' experience in | |
the dental industry. | ||
Other current | Nil public companies | |
directorships | ||
Former directorships in | Nil | |
last 3 years | ||
Special responsibilities | Member of the Nomination and Risk Committee | |
Interests in shares and | Ordinary shares - Smiles Inclusive Limited | 5,310,828 |
options | ||
G Levitch - Bachelor Dental Surgery
Non-Executive Director
Experience and expertise | Established first corporate dental group, Pacific Smiles Group. Over 25 | |
years in the dental industry with significant financial and strategic expertise. | ||
Other current | LPT Property Group | |
directorships | ||
Former directorships in | Nil | |
last 3 years | ||
Special responsibilities | Nil | |
Interests in shares and | Ordinary shares - Smiles Inclusive Limited | 4,000,000 |
options | ||
M Aquilina - Masters in Business Administration (Executive) and Master of Management Managing Director
Ms Aquilina is the former Chief Executive Officer of Primary Dental, the | ||
Experience and expertise | dental division of the ASX listed Healius Limited, where she led the | |
turnaround of the business, seeing it become one of the top dental | ||
operators in Australia. | ||
Other current | Nil | |
directorships | ||
Former directorships in | Nil | |
last 3 years | ||
Special responsibilities | Chief Executive Officer | |
Interests in shares and | Options - Smiles Inclusive Limited | 2,000,0001 |
options | ||
1 These options lapsed without being exercised subsequently to the end of the reporting period but prior to the date of this report.
5
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Smiles Inclusive Ltd. published this content on 02 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 March 2022 22:18:03 UTC.