UIL : Financial Report for the year ended 30 June 2022

RESIMAC GROUP LTD

Financial Report

for the year ended 30 June 2022

ABN: 55 095 034 003

ASX CODE: RMC

TABLE OF CONTENTS

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022 - RESIMAC GROUP LTD AND ITS CONTROLLED ENTITIES

			Page
	Directors' report
	Directors' report	4
	Remuneration report 2022 (audited)	12
Financial statements
	Consolidated statement of profit or loss	28
	Consolidated statement of comprehensive income	29
	Consolidated statement of financial position	30
	Consolidated statement of changes in equity	31
	Consolidated statement of cash flows	33
Notes to the consolidated financial statements
	About this report	34
	Segment information	37
	Key numbers and policies
	1. Revenue	40
	2. Expenses	45
	3. Income tax	47
	4. Cash and cash equivalents	52
	5. Trade and other receivables	54
	6. Loans and advances	55
	7. Other financial assets	57
	8. Right-of-use assets	58
	9. Plant and equipment	59
10.	Other assets	60
11.	Goodwill and intangible assets	61
12.	Trade and other payables	65
13.	Interest-bearing liabilities	66
14.	Lease liabilities	68
15.	Other financial liabilities	69
16.	Other liabilities	70
17.	Provisions	70
	Capital
18.	Capital management	72
19.	Dividends	73
20.	Issued capital and reserves	74
21.	Earnings per share	78
	Risk
22.	Financial assets and financial liabilities	79
23.	Financial risk management	87
	Group structure
24.	Subsidiaries	103
25.	Non-Controlling Interest	105
	Unrecognised items
26.	Commitments and contingencies	106
27.	Subsequent events	106

RESIMAC GROUP LTD FINANCIAL REPORT 2022

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TABLE OF CONTENTS

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022 - RESIMAC GROUP LTD AND ITS CONTROLLED ENTITIES

Other
28.	Auditor's remuneration	107
29.	Related party transactions	108
30.	Parent disclosures	109
31.	Share-based payments	110
32.	Other accounting policies	114
Signed reports
Directors' declaration	117
Independent auditor's declaration	118
Independent auditor's report	119

RESIMAC GROUP LTD FINANCIAL REPORT 2022

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DIRECTORS' REPORT

DIRECTORS' REPORT

RESIMAC GROUP LTD AND ITS CONTROLLED ENTITIES

The Directors of Resimac Group Ltd ("Resimac" or "the Company") and its controlled entities ("the Group") submit herewith the financial report for the financial year ended 30 June 2022. In order to comply with the provisions of the Corporations Act 2001, the Directors' Report is as follows:

Information about the Directors

Names and particulars of the Directors of the Company during or since the end of the financial year are:

Mr Warren McLeland

Chairman since February 2020, Non-Executive Director

Warren is a former stockbroker and investment banker with over 35 years of experience in domestic and international financial services. In addition, Warren acts as an adviser in funds management and business strategy to companies operating in the Asia Pacific region. Warren is the former Executive Chairman of Resimac Limited.

Other listed Directorships (last three years)

• Chairman of Thorn Group Limited (since October 2019, Director since August 2019)
• Former Chairman of Somers Limited incorporated in Bermuda (resigned February 2021)
• Former non-executive Director of UIL Limited (resigned September 2019)

Special responsibilities

• Chairman of Resimac Group Ltd (since February 2020)
• Chairman of the Risk and Compliance Committee (since February 2017)
• Member of the Remuneration and Nomination Committee (since November 2016)
• Member of the Audit Committee (since August 2017)

Mrs Susan Hansen

Independent Non-Executive Director since October 2016

Susan is a Chartered Accountant and holds a Bachelor of Commerce degree and an MBA from University of Cape Town. Susan has 40 years of experience including a Big Four Accounting firm and an investment bank (financial analysis and risk assessment). Susan is a Principal of a financial training organisation based in New Zealand.

Other listed Directorships (last three years)

• Non-ExecutiveDirector of Utilico Emerging Markets Limited (since September 2013)
• Non-ExecutiveDirector of Go2 People Limited (resigned July 2022)

Special responsibilities

• Chair of the Audit Committee (since November 2016)
• Member of the Remuneration and Nomination Committee (since November 2016)
• Member of the Risk and Compliance Committee (since November 2016)
• Member of the Technology, Digital and Innovation Committee (appointed April 2021)
• Chair of Resimac NZ Home Loans Limited (since May 2012)

Mr Wayne Spanner

Independent Non-Executive Director since February 2020

Wayne holds a Bachelor of Commerce and Law degree from University of Cape Town and a Masters of Science degree from Oxford University. Wayne is currently the Global Chief Strategic Alignment, Innovation and People Officer of Norton Rose Fulbright. He was previously the Managing Partner of the Australian firm from 2012 to 2020. Wayne has extensive experience in executive management and corporate governance at Board level.

Other listed Directorships (last three years)

• Nil

Special responsibilities

• Chair of the Remuneration and Nomination Committee (since February 2020).
• Member of the Risk and Compliance Committee (since July 2020)
• Member of the Audit Committee (since July 2020)

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DIRECTORS' REPORT

DIRECTORS' REPORT

RESIMAC GROUP LTD AND ITS CONTROLLED ENTITIES

Mr Duncan Saville

Non-Executive Director since November 2017

Duncan is a Chartered Accountant and an experienced non-executive Director. He is chairman of ICM Limited, an international fund manager. Duncan is a fellow of the Institute of Chartered Accountants Australia and New Zealand, the Australian Institute of Company Directors and the Financial Services Institute of Australasia.

Other listed Directorships (last three years)

• Non-executiveDirector of West Hamilton Holdings Limited (since 2012)

Special responsibilities

• Member of the Technology Digital and Innovation Committee (since April 2021).

Mrs Caroline Waldron

Independent Non-Executive Director since November 2020

Caroline is a non-executive Director and cross border advisor with over 30+ years' experience in regulated consumer sectors such as technology, retail and health. Caroline brings to Resimac commercial and governance experience in many areas including technology rollouts and complex transactions. Caroline holds an LLB Hons (London), and has been admitted to the Bars of England and Wales, Malaysia, Australia and New Zealand.

Other listed Directorships (last three years)

• Non-executiveDirector of AMA Group Limited (appointed 1 March 2022)

Company Secretary

Mr Peter Fitzpatrick

Since November 2016

Peter is a Chartered Accountant who worked for a chartered accounting firm and oil explorer prior to joining Resimac Limited in 1987. Peter is responsible for the Group's company secretarial function. He is a member of the Governance Institute of Australia and the Financial Services Institute of Australasia.

The abovenamed Directors held office during the financial year and since the end of the previous financial year.

Directors' shareholdings

The following table sets out each Director's relevant interest in shares and rights of the company or in a related body corporate as at 30 June 2022:

	Fully paid	Number
	ordinary shares	of rights
Directors		over
	ordinary
		shares
Warren McLeland	12,130,165	Nil
Susan Hansen	212,738	Nil
Wayne Spanner	15,732	Nil
Duncan Saville	254,586,353	Nil
Caroline Waldron	Nil	Nil

• Non-executiveDirector of Genetic Signatures Limited (appointed 13 May 2022)

Special responsibilities

• Chair of the Technology, Digital and Innovation Committee (since April 2021)
• Member of the Remuneration and Nomination Committee (since January 2021)
• Member of the Risk and Compliance Committee (since February 2022).

RESIMAC GROUP LTD FINANCIAL REPORT 2022

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