TTA : Half Year Accounts

TTA Holdings Limited

Appendix 4D

Half-year report

1. Company details

Name of entity:	TTA Holdings Limited
ABN:	18 110 475 799
only	For the half-year ended 30 September 2021
Reporting period:
Previous period:	For the half-year ended 30 September 2020

2. Results for announcement to the market
Revenues from ordinary activities	down	8.01%	to
Loss from ordinary activities after tax attributable to the owners of TTA
Holdings Limited	increase	713.3%	to
Lo for the half-year attributable to the owners of TTA Holdings Limited	increase	713.3%	to
Dividends
use
There were no dividends paid, recommended or declared during the current financial period.

$

1,954,314

(628,247)

(628,247)

Comments

The loss for the consolidated entity after providing for income tax amounted to $628,247 (30 September 2020: $77,247)

3.	Net tangible assets
			Reporting		Previous
			period		period
			Cents		Cents
	Net tangible assets per ordinary security	2.52	2.30
4.	Control gained over entities
	Not applicable.
personal
	5.	Loss of control over entities
	N	t applicable.
For
6.	Dividends

Current period

There were no dividends paid, recommended or declared during the current financial period.

Previous period

There were no dividends paid, recommended or declared during the previous financial period.

Date: 29 November 2021

TTA Holdings Limited

Appendix 4D

Half-year report

7. Dividend reinvestment plans

Not applicable.

only8. Details of associates and joint venture entities Not applicable.

9. Foreign entities

useD tails of origin of accounting standards used in compiling the report: Not applicable.

10. Audit qualification or review

Details of audit/review dispute or qualification (if any):

personalThe financial statements were subject to a review by the auditors and the review report is attached as part of the Interim Report.

11. Attachments

Details of attachments (if any):

The Interim Report of TTA Holdings Limited for the half-year ended 30 September 2021 is attached.

12. Signed

___________________________

Clive Chia Yang Hong

ForDi ector

onlyTTA Holdings Limited

ABN 18 110 475 799

useInterim Report - 30 September 2021 personalFor

TTA Holdings Limited Directors' report

30 September 2021

The directors present their report, together with the financial statements, on the consolidated entity (referred to hereafter as the 'consolidated entity') consisting of TTA Holdings Limited (referred to hereafter as the 'company' or 'parent entity') and the entities it controlled at the end of, or during, the half-year ended 30 September 2021.

onlyReview of operations

The oss for the consolidated entity after providing for income tax amounted to $628,247 (30 September 2020: $77,247).

For the 1st half of FY2022, TEAC Australia, a wholly owned subsidiary of the Group, the revenue was $1.95m while same period last year reported $2.1m.

In the reporting period, the Group did not receive Job-keeper or government subsidy. For the period six months ended 30 September2021, the loss was $77.2m, net of government COVID-19 subsidy of $250k.

useFinance cost was down by 92% (2021 $10.9k; 2020 $132.8k) as a result of the settlement of the property loan and trade and debtors fundings in December 2020.

TEAC continue to focus on lifestyle Digital Audio products targeting the younger, youth and millennial market segment. TEAC introduced the innovative premium TEAC QLED 4k UHD Smart television and Smart Android DVD combo LED.

Coronavirus (COVID-19)

The overall result of negative $628.2k on the half year 30 September 2021 was attributed in the downturn of retail sales due to the Covid-19 lengthy shutdown nationally. After the job keeper finished, orders from major retailers decreased;

consumers purchasing activity were significantly curtailed. The impact of the COVID-19 pandemic is on-going and it is not personalpr cticable to estimate the potential impact, positive or negative, after the reporting period.

The Group remained focus on safeguarding the well-being of its employees, as well as supporting and serving those customers who provide essential services in the logistics and customer service-related functions. Most of the admin staff are transitioned to work from home in compliance with the Covid-19 set regulation. There is minimum interruption in the business operation with the implementation of some protocols such as zoom meetings and group teleconferences.

Significant changes in the state of affairs

There were no significant changes in the state of affairs of the consolidated entity during the financial half-year.

Auditor's independence declaration

A copy of the auditor's independence declaration as required under section 307C of the Corporations Act 2001 is set out immediately after this directors' report.

This report is made in accordance with a resolution of directors, pursuant to section 306(3)(a) of the Corporations Act 2001.

ForOn behalf of the directors

___________________

Clive Chia Yang Hong

29 November 2021

1

For personal use only

AUDITOR'S INDEPENDENCE DECLARATION

UNDER SECTION 307C OF THE CORPORATIONS ACT 2001

As lead auditor for the review of TTA Holdings Limited for the half-year ended 30 September 2021, I declare that, to the best of my knowledge and belief, there have been:

1. No contraventions of the auditor independence requirements of the Corporations Act 2001 in relation to the audit; and
2. No contraventions of any applicable code of professional conduct in relation to the audit.
   This declaration is in respect of TTA Holdings Limited.

Yours sincerely,

Connect National Audit

George Georgiou FCA

Managing Partner

Connect National Audit Pty Ltd

ASIC Authorised Audit Company No.: 521888

Date: 29th November 2021

Connect National Audit Pty Ltd is an Authorised Audit Company	Head Office: Level 8, 350 Collins St, Melbourne VIC 3000
ABN 43 605 713 040	Gold Coast Office: HQ@Robina, Suite 41, Level 4,
	58 Riverwalk Avenue, Robina QLD 4226
Liability limited by a scheme approved under Professional Standards Legislation	w: www.connectaudit.com.au