Unaudited Preliminary Full Year Report to 30 June 2018

CSM Group Limited

Preliminary Annual Financial Result 2018 (unaudited)

CSM Group Limited Page 2 of 7
CSM Group Limited
Preliminary Financial Results (unaudited)
For the year ended 30 June 2018

Contents

Contents 2
Consolidated Statement of Comprehensive Income 3
Consolidated Statement of Changes in Equity 4
Consolidated Statement of Financial Position 5
Consolidated Statement of Cash Flows 6
Segment Information 7

CSM Group Limited Page 3 of 7
CSM Group Limited
Consolidated Statement of Comprehensive Income (unaudited)
For the year ended 30 June 2018


30.6.2018 30.6.2017
US$’000 US$’000
Continuing Operations
Revenue - -
Cost of goods sold - -
Gross Profit - -
Other income - -
Administrative expenses (444) (422)
Operating loss (444) (422)
Finance income 19 14
Exchange gain / (loss) (11) 78
Loss before income tax (436) (330)
Income tax expense - -
Loss from continuing operations (436) (330)
Discontinued Operation
Loss from discontinued operation (106) (858)
Net loss for the year attributable to shareholders (542) (1,188)

Other comprehensive income
Items that may be reclassified subsequently to profit or loss
Exchange differences on translation of overseas subsidiaries 2 17
Other comprehensive income for the year, net of tax 2 17

Total comprehensive loss for the year attributable to shareholders (540) (1,171)

Total comprehensive loss for the year attributable to shareholders arises
from:

Continuing operations (436) (330)
Discontinuing operations (104) (841)
(540) (1,171)

Earnings per share for loss attributable to shareholders for continuing
operations:

Basic loss per share (cents per share) (0.1052) (0.0796)
Diluted loss per share (cents per share) (0.1052) (0.0796)

CSM Group Limited Page 4 of 7
CSM Group Limited
Consolidated Statement of Changes in Equity (unaudited)
For the year ended 30 June 2018

Share
Capital
Foreign
Currency
Translation
Reserve
Accumulated
Losses
Total Equity
US$’000 US$’000 US$’000 US$’000

Balance as at 1 July 2016 32,355 (491) (28,207) 3,657

Net loss attributable to shareholders - - (1,188) (1,188)
Other comprehensive income - 17 - 17
Total comprehensive loss - 17 (1,188) (1,171)

Balance as at 30 June 2017 32,355 (474) (29,395) 2,486

Net loss attributable to shareholders - - (542) (542)
Other comprehensive income - 2 - 2
Total comprehensive loss - 2 (542) (540)

Balance as at 30 June 2018 32,355 (472) (29,937) 1,946

CSM Group Limited Page 5 of 7
CSM Group Limited
Consolidated Statement of Financial Position (unaudited)
As at 30 June 2018

30.6.2018 30.6.2017
US$’000 US$’000
ASSETS
Non-current assets
Property, plant and equipment - -
Intangible assets - -
Total Non-Current Assets - -

Current assets
Cash and cash equivalents 1,792 1,961
Trade and other receivables 84 97
Inventories - 228
Property, plant and equipment - 348
Taxation receivable 166 174
Total Current Assets 2,042 2,808
TOTAL ASSETS 2,042 2,808


LIABILITIES
Current liabilities
Trade and other payables 96 322
Total Current Liabilities 96 322
TOTAL LIABILITIES 96 322

EQUITY
Share capital 32,355 32,355
Reserves (30,409) (29,869)
Total Equity 1,946 2,486
TOTAL EQUITY AND LIABILITIES 2,042 2,808

CSM Group Limited Page 6 of 7
CSM Group Limited
Consolidated Statement of Cash Flows (unaudited)
For the year ended 30 June 2018

30.6.2018 30.6.2017
US$’000 US$’000
OPERATING ACTIVITIES
Receipts from customers 414 482
Interest received 21 19
Payments to suppliers and employees (991) (920)
Income tax paid (5) (3)
Net cash outflows from operating activities (561) (422)

INVESTING ACTIVITIES
Disposal of property, plant and equipment 363 128
Purchase of property, plant and equipment - (7)
Purchase of intangible assets - -
Net cash outflows from investing activities 363 121

Net decrease in cash and cash equivalents (198) (301)
Cash and cash equivalents at the beginning of the year 1,961 2,231
Effect of exchange rate changes 29 31
Cash and cash equivalents at end of year 1,792 1,961

CSM Group Limited Page 7 of 7
CSM Group Limited
Segment Information (unaudited)
For the year ended 30 June 2018

The Group has identified its operating segments based on the internal reports reviewed and used by the Board of Directors in assessing
performance and in determining the allocation of resources.
The Group is organised into the following main operating segments:
• China Scrap Metals Resources Pty Limited (CSM Ltd Australia) includes the now discontinued business operation in Australia that was
involved in the processing of scrap metal for export sale to Chinese markets.
• Holding company New Zealand includes holding company costs and head office charges.
Revenue is allocated based on the country where the sale is generated. Expenses are allocated based on the country where the expense is
incurred.
Total assets and liabilities are allocated based on where those assets and liabilities are located.

Year ended 30 June 2018 Year ended 30 June 2017

CSM Ltd
Australia
Holding
Company New
Zealand
Total CSM Ltd
Australia
Holding
Company New
Zealand
Total

US$’000 US$’000 US$’000 US$’000 US$’000 US$’000

Total inter-segment revenue - - - - 72 72
Total external sales revenue 394 - 394 479 - 479

Total EBITDA (172) (444) (616) (390) (422) (812)
Amortisation - - - (3) - (3)
Depreciation - - - (133) - (133)
Impairment recovered / (Impairment) 14 - 14 (247) - (247)
Provision for closedown costs - - - (95) - (95)
Finance income 2 19 21 5 14 19
Exchange gain / (loss) 50 (11) 39 5 78 83
Loss before taxation (106) (436) (542) (858) (330) (1,188)
Income tax expense - - - - - -
Net loss for the year (106) (436) (542) (858) (330) (1,188)

Allocated non-current segment assets - - - - - -
Additions to non-current assets - - - 27 - 27
Allocated segment liabilities - 96 96 233 89 322
The “Total EBITDA” measure above excludes foreign exchange gains / losses as well as net finance income and depreciation.