Buddy Announces Unaudited Pro Forma Impact on 1H...

Buddy Announces Unaudited Pro Forma Impact on 1H FY2021
Half-Yearly Results from Material Subsequent Matters
SUMMARY
● The Company released its 1H FY 2021 half-yearly Appendix 4D results on 26 February
2021
● Those results did not include a series of material subsequent matters that occurred
in early January 2021
● On a pro forma, unaudited basis, shareholders are hereby provided with a summary
of the financial impact of these events, which will be detailed in the full year, audited
accounts (and in the March 2021 quarter Appendix 4C filing)
● On a pro forma, unaudited basis, the 31 December 2020
○ working capital (current assets minus current liabilities) would have been
positive A$349 thousand (rather than negative A$22.3 million) and the
current ratio would have improved from 0.49 to 1.02;
○ net profit would have been A$6.6 million (up from a net loss of A$5.6 million);
○ total liabilities would have dropped to A$33.9 million (from A$48.6 million);
○ total equity would have increased to A$49.8 million (up from A$34.6 million)