PaySauce FY2022 Half Year Result and Interim Report

SmoothPay Acquisition Helps Grow
PaySauce ARR by 49% YoY
Lower Hutt, New Zealand - 24 November 2021
PaySauce (NZX:PYS) shares its FY2022 Interim Report, with CEO Asantha Wijeyeratne
noting the solid contribution the SmoothPay acquisition made to annualised recurring
revenue.
HIGHLIGHTS
●
Acquisition of SmoothPay for 1% dilution of share capital
●
Net promoter score (NPS) of 60
●
11 : 1 LTV:CAC ratio
●
PayNow delivered over $0.33 million of Earned Wage Access
●
49% YoY ARR growth
●
69% YoY total customer LTV growth
THE ACQUISITION OF SMOOTHPAY DELIVERED
●
Cash generation through payroll services in NZ and 13 overseas jurisdictions;
●
Over 1,300 customers with opportunity to increase average revenue per user;
●
Expansion of the total addressable market to Australia and the Pacific Islands.

Wijeyeratne reflects on the progress in this period:
“We’ve kept our foot to the floor on feature based growth, improving the product,
building for scale, and continuing to grow our customer base and revenue. We’ve
continued to support our people - our staff, partners, suppliers and shareholders - as
COVID continues to create anxiety. We’ve also saved thousands of kiwi stress from
predatory payday lenders, by giving customers' employees access to wages before
payday with the help of our partners at BNZ through our PayNow feature.”
SmoothPay was our first acquisition. We’re integrating our product suite and rolling
out pricing structure changes with the goal of extracting the untapped potential of
this customer base. The acquisition has been an important strategic step as it
delivered us our first dollar of overseas revenue and opened the pathway for
accelerated growth through international expansion, all from our offices in Wellington.
It's also given us experience in acquisition of competitors and merging clients.”
FINANCIAL HIGHLIGHTS
Financial PerformanceSept 2021Sept 2020YoY %
Revenue (000’s)$1,445$1,00943%
Expenses (000’s)($2,188)($1,840)19%
Loss before tax, depreciation and
amortisation (000’s)
($743)($831)(11%)
PaySauce delivereda 43% YoY increase in revenue andreinvested the majority of that
increase back into the revenue-driving areas of the business, being:
●
Improving the product (Research and Development: up 35%)
●
Supporting existing customers (Cost to Serve: up 47% YoY);
●
Acquiring new customers (Customer acquisition costs up 36% YoY);
General and administration costs were held flat at just over $1m compared to the same
period last year.

Customer Metrics
1
Sept 2021Sept 2020YoY %
Active PaySauce customers at end of period4,2443,08538%
Churn % (monthly average) for the period0.96%1.19%(19%)
ARPU (monthly) at end of period$59$59-
CAC (per addition) for the period$346$354(2%)
LTV per customer at end of period$3,834$3,13022%
Total customer LTV at end of period (000’s)$16,272$9,65669%
LTV:CAC ratio at end of period11.18.825%
As well as the accelerated growth from the acquisition of SmoothPay, all of the key
underlying customer metrics continue to trend positively. The introduction of three
monthly subscriptions, tailored to the needs of customers increased overall processing
fees per customer. The increase in processing fees offset the equivalent decline in
Interest Income per customer over the period to hold the overall Average Revenue per
User (ARPU) flat at $59.
OUTLOOK
Wijeyeratne on the outlook for the coming six months:
“We’re seeing a return from the pricing and promotion decisions we made in the first
half of the year. By introducing tiered pricing and being clear on the value created,
customers can choose what’s right for their business and that’s helped to drive an
increased share of wallet. We’ve also applied those pricing principles to align the
SmoothPay product with PaySauce’s lowest tiered monthly subscription called Simple.
We’re continuing to focus on building for scale. By partnering with industry experts in
new markets, we’re able to further add value by removing friction for our customers.
I’ll also look forward to sharing more insights into how much we’ve saved everyday
working kiwis through the PayNow initiative - we may make no money out of it, but it
remains the feature I’m most proud of. Plus our customers love it”
APPENDICES
1
Excludes metrics from the acquired SmoothPay business.

●
Appendix 1 - NZX Template for Results Announcement to the Market
●
Appendix 2 - Interim Report
NON-GAAP FINANCIAL INFORMATION
Non-GAAP (Generally Accepted Accounting Principles) financial information does not
have a standardised meaning prescribed by GAAP and therefore may not be
comparable to similar financial information presented by other entities. Non-GAAP
information has not been audited, and is not prepared in accordance with NZ IFRS.
The measures reported by PaySauce are used by management to monitor the
performance of the company and are useful to investors to assess performance.
Non-GAAP measures are defined and explained in the Interim Report.
ENDS
ABOUT PAYSAUCE
PaySauce is a SaaS fintech platform providing solutions for people at work. We give
employers the technology to digitally onboard, pay and manage employees from any
device. Our platform includes rosters, mobile timesheets, payroll calculations, banking
integration, automated payments, PAYE filing, labour costing, automated general
ledger entries and digital employment contracts.
www.paysauce.com
CONTACT
Please direct any investment queries toinvestor@paysauce.com.

---

Interim Report
FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021
Financial Year
2022

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Interim Report FY2022

Contents
4
HIGHLIGHTS
6
CHAIR’S LETTER
7
CEO’S LETTER
8
BOARD
10
THE YEAR SO FAR
13
LOOKING FORWARD
14
SAAS REPORTING
18
FINANCIALS
36
COMPANY DIRECTORY

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PaySauce Limited
$330K
PayNow - Earned Wages Accessed
money-bill-wave
arrow-up
49% YOY
Annualised Recurring Revenue (ARR)
$3.23M
arrow-up
69% YOY
Total Customer LTV*
* excludes customers acquired through SmoothPay acquisition
$16.3M
tachometer-fast
60
Net Promoter Score
Acquisition
• American Samoa
• Australia
• Cook Islands
• Fiji
• Kiribati
• Nauru
• New Zealand
• Niue
• Papua New Guinea
• Samoa
• Solomon Islands
• Timor-Leste
• Tonga
• Vanuatu
people-arrows
11 : 1
LTV : CAC Ratio
* excludes customers acquired through SmoothPay acquisition
Highlights

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Chair’s Letter
Dear fellow shareholders,
I’m pleased to present to you our Interim Report for
FY2022. I appreciate this is an interim report from an
interim chair but as you will see, there’s nothing interim
about how the PaySauce team (whom we call The
PayForce) are applying themselves to the opportunities
in front of us. The company has continued to double
down on strengthening our team, developing our
platform, and working hard towards cash-flow positivity
over the last six months.
In June we made our first acquisition - of the business
and assets of SmoothPay - a well-established New
Zealand payroll provider headquartered in Palmerston
North. As a result, we added more than 1,300 customers
from New Zealand, Australia and several Pacific Island
nations. This aligns with our longer term intentions
around international expansion despite the challenges
of COVID-19.
On behalf of shareholders, the board’s focus is to
support the team in their efforts to reach cash-flow
positivity as soon as possible and I’m pleased to see the
business continue to be prudent users of shareholder
funds, growing revenues more quickly than costs.
In October we farewelled Nick Lewis, who began with
PaySauce as an independent director, then continued
as our chair for the last two years. Nick provided strong
leadership and enthusiastic support to the team during
his tenure; overseeing the acquisition and helping
crystallise our product/market fit and chosen markets.
We were sad to lose him. I’m actively leading the
search for a new chair at present and hope to update
shareholders on this search early in the New Year.
In the 10 years I have been involved with SaaS
companies, the one theme I have found common to
all successful ones is to love your customers but more
importantly to love the problems that they face. I have
found this to be strongly evident at PaySauce where the
team is totally focused on the pain and obstacles their
clients face in ensuring that their people are paid in a
timely, transparent and flexible manner.
Recent product innovations we’ve rolled out to our
community of users focus on the pain of inflexibility.
These include earned wage access, rostering and
variable rate quantity factors. There are many more
still to come as we evolve from largely being a payroll
provider, to delivering a full suite of employment
solutions on the PaySauce platform.
My thanks to Asantha and the PayForce for their passion
for making people’s lives easier which manifests in a
great product, a vibrant team and a strong fan following.
Thanks also to my fellow directors for their diligence and
advice, and to our customers for keeping us honest as
we continue to grow. Finally, let me give our thanks to
you, our shareholders, for helping us to drive PaySauce
into the future.
Sincerely,
Mike O’Donnell
Interim Chair
CEO’s Letter
To our shareholders, customers, partners and supporters,
there are so many highlights to share with you but in
such a short space!
Our acquisition of SmoothPay this year accelerated our
growth through the addition of new customers. For me,
though, the additional advantage of having one of the
country’s top payroll developers in our business is just as
noteworthy. We’ve added smarts that only come with
years of experience into our development team and
we’re already seeing the benefits. This further assists in
our mission to take out the friction that exists in how
employers and employees interact with each other
while being compliant with legislation.
Acquisition notwithstanding, our evolution from start-up
to scale-up continues at pace. Our customer diversity
reflects a broader pool of partners and more holistic
marketing investments. We’re implementing internal
systems to streamline marketing, sales and support
that will enable our team to expedite the sales process
and increase conversions. We’ve added team members
with experience in scaling businesses, and invested in
our current crew to ensure they’re equipped with the
mindset for growth.
I’d like to acknowledge Nick Lewis’s leadership as our
Chair until last month; he’s been with the PaySauce
family for a long time originally as an early investor who
then joined the board before finally becoming our chair.
His insights on our scale up strategies were invaluable,
and his energy at the Board table infectious. I will miss
him.
I continue to be in awe of the positive effect of our
PayNow feature for employees, even before we
accelerate promotion of this across the country next
year. By the end of September, working kiwis had
already accessed over $330,000 of their earned wages
before payday, with no fees and no interest. That has
since increased to over $770,000. We offer this service
for free because we believe we can contribute to
solving the problem of predatory payday lenders in
our community. Our estimates indicate that payday
lenders would have charged a minimum of $600,000
in fees, penalties and interest for that same service. We
are proud to lead the Earned Wage Access movement
in New Zealand. Delivering PayNow without interest or
charges is only possible due to the marvellous support
of BNZ and their mission to disrupt predatory lending in
NZ..
This year continues to test everyone. Families are
struggling with lockdowns and anxiety about the
ongoing effects of the pandemic. Businesses are
grappling with the uncertainties around vaccine
mandates, and the supply chain pressures caused by
ongoing border controls and Auckland’s lockdown. We
feel for all those families who are impacted. Around the
world, along with dealing with the pandemic, violence
in Afghanistan shocked us all and the global sea levels
rose to new highs.
All of these events are raising important questions
about the role of business in society. What can we do to
make a difference? How do we in business demonstrate
responsible leadership? How can companies like ours
deliver on our commitments to provide value to all
stakeholders? How do we support and empower our
people - in all our communities - so that they thrive?
These are the questions that would keep me up at
night if I wasn’t surrounded by a team of people that
continue to show tremendous resilience, responsibility
and resolve to support one another, our customers
and our communities, and in doing so, have served our
shareholders well. I’m incredibly proud of them.
With gratitude,
Asantha Wijeyeratne
CEO and Co-Founder

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Board
Asantha Wijeyeratne
CEO AND CO-FOUNDER
Asantha Wijeyeratne has over 20 years’ experience of unparalleled focus on
helping small businesses navigate the difficult landscape of effective payroll.
His formal background in accounting combined with his ‘people first’ attitude,
has seen him successfully build a number of businesses into market leadership
positions.
Most notably Asantha was the driving force behind the creation and growth of
SmartPayroll/ SmartBooks which he grew to service close to 10,000 SME’s in NZ
before his exit in December 2013.
Asantha’s obsession is the small business sector with a tech/customer service
focus. He loves seeing someone turn an idea with determination and passion
into a business that supports them, their families and the wider community and
gets a lot of enjoyment from making tech work to help business owners rather
than hinder them.
In recognition of his contribution to business and the community, he was
awarded a Queens Service Medal (QSM) in the New Year’s honours list in 2013
and is a finalist in Ernst & Young’s 2021 Entrepreneur of the Year.
Gavin Thompson
DIRECTOR (NON-INDEPENDENT)
Gavin is a founder and a director of Catalyst IT, New Zealand’s largest open-
source IT service provider. His background is in software development and
delivery, and he has over 30 years’ experience in software systems in the
manufacturing, engineering, financial, and government sectors. Gavin is also
a director on the board of Catalyst Cloud, a company which grew from an
infrastructure platform for the Catalyst business, into a provider of cloud services
for Aotearoa.
Gavin is passionate about open source and open standards software and
systems which allow a collaborative and effective approach to delivering secure,
resilient and innovative solutions.
Jacqueline Cheyne
INDEPENDENT NON-EXECUTIVE DIRECTOR, AUDIT & RISK COMMITTEE
CHAIR
Jackie is a professional director with a focus on finance, risk and sustainability.
She is currently on the boards of Stride Property Group and NZ Green
Investment Finance and is Chair of Snow Sports NZ. Jackie is on the board of the
XRB and is chairing the steering group leading the project for the development
of climate risk disclosure standards in New Zealand. Jackie is also a member of
the FMA’s audit oversight committee and MBIE’s Risk and Assurance committee.
Jackie was previously an assurance partner at Deloitte for over 12 years and led
Deloitte NZ’s sustainability service line. Jackie is a Chartered Member of the
Institute of Directors and a Fellow of the Institute of Chartered Accountants.
Michael “MOD” O’Donnell
INDEPENDENT NON-EXECUTIVE DIRECTOR, INTERIM CHAIR
Mike “MOD” O’Donnell is a professional director, writer and advisor with a
background in fintech, ecommerce, tourism and news media.
MOD is chair of New Zealand’s largest craft brewery Garage Project and deputy
chair of global online music company Serato. He’s also a director of KiwiWealth,
Radio New Zealand, Tourism New Zealand, G2G Knowhow, www.realestate.co.nz
and The New Zealand Hi-Tech Trust.
MOD is an independent weekly business columnist for Stuff Media and the
host of TVNZ series “Start Me Up”. He was previously Chief Operating Officer of
Trade Me, Chief Operating Officer of vWork and head of wholesale investment at
Gareth Morgan Investments.

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calendar-star
The Year So Far
PaySauce has five core values that support the
vision, shape the culture and reflect what matters
to the business, our customers and shareholders.
The PayForce makes decisions that are a reflection
of those values, always directed towards a specific
purpose. We’re looking at the year so far through the
lens of those core values:
Do good and be honest
“We lend a hand and we give a dang.”
PayNow is a unique feature in the PaySauce mobile
app that lets employees access the money they’ve
already earned, effectively letting them choose their
own payday on demand. Already more than $770,000
of earned wages have been accessed by employees -
without penalties. PayNow without interest or charges
is only possible due to the marvelous support of BNZ
Community Finance, part of their mission to disrupt
predatory lending in New Zealand. We’re proud of the
pilot so far and are looking forward to a full promotion
kicking off before we start our new financial year.
PaySauce provides free payroll to charities all across
the country - we now support more than 90 charities,
sporting organisations and NFPs to do good in the
special ways they do it. There’s now over 30 charities
represented in our Payroll Giving app too - who receive
almost $7,000 each month from the lovely employees
using PaySauce.
Giving a dang extends internally too; this year we’ve
renewed our licence as a living wage employer and
implemented systems to ensure our remote and locked-
down teams are engaged and supported.
Respect and Include
“We make technology but our biggest focus
is on people”
He Tangata, He Tangata, He Tangata. This year, like last
year, we’re doing everything we can to support our
people - our staff, partners, suppliers and shareholders -
as COVID continues to create anxiety. We’re particularly
acknowledging and sending aroha to those in Auckland
- which includes several of our staff - who’ve done it
tougher than most.
Our newly created product management role ensures
we put the customer first in our development processes.
Investment into efficient internal systems is taking the
pressure off our remote teams and our hardworking
phone support staff, who’re often handling 400+ calls a
day.
Knowing the pressure our customers are under inspires
us to find ways to make their lives easier - and taking
the burden of compliance off their shoulders is a no-
brainer. We were proud to hear recently that several of
our customers passed an audit by the labour inspector
(a hugely stressful experience for any employer), proving
we’ve got their backs with our compliance tools.
Fun and Fresh
“We’re serious about what we do - but we
don’t take ourselves too seriously.”
From the largest group of nominations in its history,
PaySauce was honoured to be a finalist in this year’s
Wellington Gold Awards (again!) and we took our hard
working team for a night to celebrate with friends and
colleagues. If we had to come second to anyone, we
were proud that it was long standing strategic partners,
Farm Focus.
The team got out and about in between lockdowns
at several events including the iconic Fieldays, where
we caught up with customers and gave attendees the
scoop on Xero for Farming, our alliance with Xero and
Figured. It was an extra special year for us - when we
attended back in 2018 we were a teeny new player that
no one had heard of. This year we had a whole crew on
site, and got to shine in the main pavilion with our big
brand peers alongside. We were super proud, and it’s
all thanks to the support of our customers, partners and
investors.
heart
universal-access
seedling

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Simple and Smart
“We work really hard to make tricky
stuff easy, and we proactively solve real
problems.”
Hot off the press is our latest NPS - a healthy score of
60 with 73.94% of those surveyed being promoters. The
feedback highlighted the calibre and accessibility of our
support team and a real sense of being in safe hands:
We know our biggest competitor remains spreadsheets
and paper-based wage books - ‘the way we’ve always
done it’ - but see more people realising how hard it is
to be compliant these days, and that PaySauce is the
simple, smart alternative.
Problem solving is at the heart of making tricky stuff
easy. Helping staff get access to the wages they’ve
already earned led to the creation of PayNow. Ensuring
staff know what shifts they are working led to building
the rostering tool into staff’s PaySauce mobile app.
We’re always on the lookout to remove employment
friction between employers and their people through
leveraging other technical expertise. This helps us have
answers for the tricky issues for rural sub-sectors like
horticulture and viticulture, which we can now pursue
directly and through partnerships.
Resourceful and Results
Oriented
“We’re motivated by success and we’re
always working to create the returns to fuel
a healthy, sustainable business.”
We remain focused custodians of our shareholders’
funds, having improved earnings before tax,
depreciation and amortisation by $88k YoY. Three
key factors contributed to the 53% improvement in
processing fees:
• The structural change to pricing to have three
monthly subscriptions;
• Accelerated growth of organic customers - 26%
increase in customers in the period (FY21 H1: 24%);
and
• The acquisition of SmoothPay.
The increased processing fees compensated for the
reduced interest income earned (down 26% YoY) in the
low interest rate environment. This allowed the Average
Revenue per User to remain at $59 in line with FY21 H1.
The resulting increase in ARR to $3.2m is a key milestone
for us - and the positive trend towards our Premium
and Standard plans, along with an increase in average
employee numbers indicates our efforts to diversify out
from a dairy payroll provider to a fintech for small and
medium businesses are working.
Recurring revenue increased 45% year on year, and we
continued to invest some of those increased revenues
back into the business. Overall expenses increased just
19% with incremental spend weighted heavily towards
serving our existing customers (Cost to Serve: up 47%
YoY), acquiring new customers (Customer Acquisition:
Up 36% YoY) and improving our product (Research and
Development: up 35% YoY). Conversely, general and
administration costs were curtailed to increase just 2%
YoY. We’re always looking for ways to do more with less,
though; despite adding a little headcount in this period
we’ve increased our revenue per employee by 30%.
All these investments have been made with attention
to careful and prudent cash management. This was also
key for the acquisition of SmoothPay Limited where the
consideration was entirely in PYS shares, equating to a
1% ownership in PaySauce.
lightbulb
chess-knight
So easy, no hassle for me
and I know it’s all legal and
done right.
quote-left
quote-right
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Looking Forward
We’ve executed a price change for our Starter Plan
- a plan no longer available to new customers. The
increased price better reflects the value these customers
receive when compared to our current pricing plans.
In addition, the customers we acquired via SmoothPay
are gradually being transitioned onto pricing plans that
align with our Simple product, beginning in December.
We’re working now to commercialise the SmoothPay
opportunity by streamlining pricing and packages
across the two product lines - goPayroll and PaySauce.
From 1 December, SmoothPay customers will pay the
same as PaySauce Simple customers, demonstrating
an upgrade path to PaySauce Standard and Premium
and ultimately additional fintech solutions for those
customers.
We’re watching the wires for any legislative changes on
the drawing board which, if made legal, could deliver an
uplift as a result of features we already have in market.

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SaaS Reporting
The business results reported below provide an overview
of the performance of the business in a format that we
believe is useful for readers to assess the performance of
PaySauce as a SaaS business.
Non-Generally Accepted Accounting Principles (Non-
GAAP) measures have been included and should not
be viewed in isolation, nor considered as substitutes for
measures reported in accordance with New Zealand
Equivalents to International Financial Reporting
Standards (NZ IFRS).
* these exclude metrics from the acquired SmoothPay business.
Sep 2021Sep 2020
$000’s$000’s
Processing Fees1,339876
Interest Income6994
Recurring Revenue1,408970
Cost to Serve(520)(354)
Gross Margin888616
Gross Margin %63%63%
Other Interest Income423
Other Revenue3317
Total Other Revenue3740
Customer Acquisition(375)(277)
Research & Development(255)(189)
General & Administration(1,023)(1,003)
Interest Expense(15)(18)
Earnings Before Tax, Depreciation and Amortisation(743)(831)
Earnings Before Tax, Depreciation and Amortisation Margin %(53%)(86%)
Depreciation & Amortisation(203)(115)
Income Tax7-
Net Loss for the period(939)(946)
Sep 2021Sep 2020YOY Change
Recurring revenue for the period - Total ($000’s)1,40896945%
ARR at end of period ($000’s)3,2282,16949%
FTE’s312811%
Revenue per FTE ($000’s)473629%
Sep 2021Sep 2020YOY Change
Active PaySauce customers at end of period4,2443,08538%
Churn % (monthly average) for the period0.96%1.19%(19%)
ARPU (monthly) at end of period ($)59590%
CAC (per addition) for the period ($)346354(2%)
LTV per customer at end of period ($)3,8343,13022%
Total customer LTV at end of period ($000’s)16,2729,65669%
LTV:CAC Ratio at end of period11.18.825%
Revenue Metrics
Customer Metrics*
Sep ‘15Mar ‘16Mar ‘17Mar ‘18Mar ‘19Mar ‘20Mar ‘21Sep ‘20Sep ‘21Sep ‘16Sep ‘17Sep ‘18Sep ‘19
Annualised Recurring Revenue (ARR)
ARR $3,228K
September 2021
ARR $2,169K
September 2020
49%
ARR GROWTH
SmoothPay
PaySauce
arrow-up $823K
arrow-up $235K

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The above categories are
explained below:
Processing Fees
This category represents the revenue generated from
customers who pay a monthly or annual subscription
to use our software as a service. There are no significant
estimates and revenue is recognised when the software
service is supplied.
Interest Income
This category represents the interest earned from funds
held on behalf of our payroll customers which are held
on deposit. As customers pay their PAYE through to us
each pay run, we hold these funds and generate interest
on the balance before the payment is due to Inland
Revenue. As interest earned on these funds grows
directly in relation to our customers, we consider this an
additional stream of recurring revenue.
Cost to Serve
The category includes those costs which are related to
serving our customers through the use of our software
products, and the availability of our customer support
team. Costs included are those such as cloud hosting
expenses, maintenance of our software products, bank
fees charged per customer transaction, and customer
support.
Other Revenue
This category includes revenue that is not recurring
revenue and includes grants received and other services
revenue.
Other Interest Income
This category includes non-recurring interest earned on
deposits and investments other than payroll customer
funds.
Customer Acquisition
This category includes those costs which are related
to acquiring new customers. Costs included are those
such as sales and marketing, implementation and
onboarding of customers to our system, discounts and
referral fees. These costs are expensed as incurred as
they do not relate to any specific customer or contract
for services.
Research & Development
This category includes those costs which are related to
researching and developing new solutions and solving
problems for our existing and future customers. Costs
included are predominantly software development
salaries.
It should be noted that measuring these costs between
years is not an accurate reflection of the actual spending
on research and development for PaySauce due to
the timing of these costs being capitalised. The reader
should also consider the amount of intangible assets
recognised during the financial year as detailed in the
full financial statements.
General & Administration
This category captures all of the other elements of
running the business. Costs included are those such as
management remuneration, director fees, office running
costs, finance and administration, legal and consulting
expenses, and other overhead costs.

Earnings Before Tax, Depreciation and
Amortisation
This is calculated by adding back depreciation,
amortisation and income tax expense to the amounts
reported in the NZ IFRS-based financial statements.
PaySauce believes that this measure provides useful
insights to measure the performance of PaySauce as a
SaaS business.
Earnings Before Tax, Depreciation and
Amortisation Margin %
Earnings Before Tax, Depreciation and Amortisation
Margin % calculates Earnings Before Tax, Depreciation
and Amortisation as a percentage of Recurring Revenue.
SaaS Metrics & Definitions
These SaaS metrics are prepared and defined to provide
readers with useful information about the performance
of PaySauce as a SaaS business.
Non-Generally Accepted Accounting Principles (Non-
GAAP) measures have been included, and should not
be viewed in isolation, nor considered as substitutes for
measures reported in accordance with New Zealand
Equivalents to International Financial Reporting
Standards (NZ IFRS).
Recurring Revenue
Recurring revenue is revenue that is expected to repeat
each period into the future.
For PaySauce, this is directly linked to the number
of customers and the pays that they run using the
PaySauce payroll products. There are currently two
sources of recurring revenue - processing fees and
interest income.
There is a direct correlation between the number
of customers processing payroll with PaySauce, and
the amounts of revenue derived from these streams
(allowing some variation due to elements such as
interest rates and number of employees per pay run).
There is no significant estimate or judgement applied
by management when recognising revenue arising from
these streams.
MRR
Monthly recurring revenue is the total recurring revenue
for the last calendar month of the reporting period.
ARR
Annual recurring revenue is the monthly recurring
revenue (MRR), multiplied by 12.
Gross Margin
The gross margin, when discussed as a SaaS term, is the
recurring revenue of the business, less the cost to serve
customers. This is often then expressed as a percentage,
where the gross margin is divided by the recurring
revenue.
Churn (monthly)
Churn is expressed as a percentage and is calculated as
the number of customers who did not run a pay in the
month, but ran at least one pay in the previous month,
divided by the total number of customers at the end of
the previous month.

ARPU
Average revenue per user (monthly) is the total recurring
revenue for the month, divided by the total customers
processing payroll that month.
CAC (per addition)
Customer acquisition cost (per addition) is the total cost
of acquiring customers for the period, divided by the
number of new customers processing payroll that were
acquired during the period.
LTV
Lifetime value is the estimated value of a customer
over its lifetime with PaySauce. This is calculated by
taking the ARPU multiplied by the gross margin %, then
divided by the churn %.
Total Customer LTV
Total customer lifetime value is the lifetime value
multiplied by the total customers.
LTV : CAC Ratio
This ratio reflects the return on investment for customer
acquisition. It is calculated by dividing the lifetime value
of a customer by the customer acquisition cost (per
addition).
Revenue per FTE
This metric measures the total revenue generated
over the period, divided by the number of full-time
equivalent (FTE) employees at PaySauce at the end of
the period.

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search-dollar
Financials
The above statement should be read in conjunction with the
accompanying notes.
Sep 2021Sep 2020
UnauditedUnaudited
Notes$000’s$000’s
Revenue
Processing fees1,339876
Interest73116
Other operating revenue3317
Operating revenue91,4451,009
Expenses
Depreciation and amortisation5, 6(203)(115)
Employee expenses10(1,435)(1,276)
Other expenses12(739)(546)
Finance costs13(14)(18)
Total expenses(2,391)(1,955)
Net loss before income tax(946)(946)
Tax benefit7-
Net loss for the period(939)(946)
Other comprehensive income--
Total comprehensive loss for the period(939)(946)
Loss per shareCentsCents
Basic loss per share8(0.71)(0.70)
Diluted loss per share8(0.71)(0.70)
Interim Condensed Consolidated Statement of
Comprehensive Income
for the six months ended 30 September 2021

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Interim Report FY2022
The above statement should be read in conjunction with the
accompanying notes.
Sep 2021Mar 2021
UnauditedAudited
Notes$000’s$000’s
Assets
Current assets
Cash and cash equivalents21,91821,756
Deposits1,675-
Trade receivables5919
Other current assets7575
Prepayments and other short-term assets14290
Total current assets23,86921,940
Non‑current assets
Property, plant and equipment5367401
Intangible assets61,491905
Total non‑current assets1,8581,306
Total assets25,72723,246
Liabilities
Current liabilities
Trade and other payables381299
Funds due to customers and IRD22,75819,965
Employee benefits248201
Other liabilities19924
Lease liabilities4443
Total current liabilities23,63020,532
Interim Condensed Consolidated Statement of
Financial Position
as at 30 September 2021
The above statement should be read in conjunction with the
accompanying notes.
For and on behalf of the Board of Directors, who
authorised the issue of these Consolidated Financial
Statements on 23 November 2021:
Michael O’Donnell
23 November 2021
Interim Chair
Jacqueline Cheyne
23 November 2021
Chair of Audit & Risk Committee
Sep 2021Mar 2021
UnauditedAudited
Notes$000’s$000’s
Non‑current liabilities
Lease liabilities256282
Total non‑current liabilities256282
Total liabilities23,88620,814
Net assets1,8412,432
Equity
Share capital713,00012,652
Accumulated losses(11,159)(10,220)
Equity attributable to the owners of the Company1,8412,432

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Interim Report FY2022
The above statement should be read in conjunction with the
accompanying notes.
Attributable to equity holders of the Company
Share Capital
Accumulated
lossesTotal
Notes$000’s$000’s$000’s
Unaudited
Balance as at 1 April 202112,652(10,220)2,432
Comprehensive loss
Net loss for the period‑(939)(939)
Other comprehensive income‑--
Total comprehensive loss‑(939)(939)
Transactions with owners
Issue of ordinary shares as consideration for
business combination
7348-348
Total transactions with owners348‑348
Balance as at 30 September 202113,000(11,159)1,841
Unaudited
Balance as at 1 April 202010,774(8,532)2,242
Comprehensive loss
Net loss for the period-(946)(946)
Other comprehensive income---
Total comprehensive loss‑(946)(946)
Transactions with owners
Issue of ordinary shares71,704-1,704
Total transactions with owners1,704‑1,704
Balance as at 30 September 202012,478(9,478)3,000
Interim Condensed Consolidated Statement of
Movements in Equity
for the six months ended 30 September 2021
The above statement should be read in conjunction with the
accompanying notes.
Sep 2021Sep 2020
UnauditedUnaudited
Notes$000’s$000’s
Cash flows from / (used in) operating activities
Receipts from customers1,2371,052
Interest received6492
Payments to suppliers and employees(1,995)(1,766)
Taxes paid-(8)
Interest paid on lease liability(14)(16)
Interest paid-(2)
Net cash used in operating activities before increase in funds
due to customers and IRD
18(708)(648)
Increase in funds due to customers and IRD182,7933,508
Net cash from operating activities162,0852,860
Cash flows used in investing activities
Purchases of property, plant and equipment(23)(21)
Funds on deposit(1,675)(2,450)
Intangible assets(177)(190)
Other investing activities(27)-
Net cash used in investing activities(1,902)(2,661)
Cash flows from / (used in) financing activities
Net proceeds from issue of shares and convertible notes-1,704
Repayments of principal portion of lease liability(20)(19)
Repayments of other borrowings-(15)
Net cash from / (used in) financing activities(20)1,670
Net increase in cash and cash equivalents1621,869
Cash and cash equivalents at beginning of the period21,75613,589
Cash and cash equivalents at end of the period21,91815,458
Interim Condensed Consolidated Statement of
Cash Flows
for the six months ended 30 September 2021

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Interim Report FY2022
Notes to the
Interim Condensed
Consolidated
Financial Statements
For the six months ended 30 September 2021
1. General information
PaySauce Limited (the “Company” or “PaySauce”), is
a for-profit limited liability company, domiciled and
incorporated in New Zealand and registered under the
Companies Act 1993. The company is an FMC Reporting
Entity for the purpose of the Financial Markets Conduct
Act 1993. PaySauce is listed on the New Zealand Stock
Exchange (“NZX”) that trades under the ticker PYS.
The Group provides Software as a Service (SaaS)
delivering employment and payment solutions to
small and medium-sized businesses. As well as the
core payroll solution (with fully automated banking,
accounting and pay-day filing) the Group provides
digital employment contracts, rosters, timesheets and
earned wage access for employees - accessible via
smartphone.
The interim condensed consolidated financial
statements for the Company and its subsidiaries (the
“Group”) for the six months ended 30 September 2021
were authorised in accordance with a resolution of
the directors for issue on 23 November 2021 and are
unaudited.
2. Basis of preparation
These unaudited interim condensed consolidated
financial statements for the Group for the six months
ended 30 September 2021 have been prepared in
accordance with New Zealand Generally Accepted
Accounting Practice (“NZ GAAP”) and comply with
the requirements of the New Zealand Equivalent to
International Accounting Standard 34: Interim Financial
Reporting (“NZ IAS 34”), on the assumption that the
Group is a going concern, and should be read in
conjunction with the audited consolidated financial
statements for the Group as at and for the year ended 31
March 2021.
The unaudited interim condensed consolidated
financial statements have been prepared using the
same significant accounting policies and methods of
computation as, and should be read in conjunction with,
the financial statements and related notes included in
the audited consolidated financial statements for the
Group for the year ended 31 March 2021, other than as
disclosed in the sections below.
There are no seasonality or cyclicality influences on the
results of the Group.
These unaudited interim condensed consolidated
financial statements are presented in New Zealand
Dollars (NZD).
3. Additional accounting
policies
NZ IFRS 15 - SmoothPay Annual
Subscription Revenue
Processing Fees - SmoothPay Subscriptions
Revenue from SmoothPay Subscriptions is recognised
at a point in time when the performance obligation
has been satisfied and is based on the amount of the
transaction price that is allocated to the performance
obligation. The transaction price is the amount of
consideration to which the Group expects to be
entitled in exchange for providing the service to the
customer. There is no significant financing component
to the contracts, and payment is due at the point the
performance obligation has been met. The performance
obligation for SmoothPay Subscriptions is considered to
be met when the customer is provided access to use the
goPayroll product each month.
4. Use of critical accounting
estimates and judgements
The preparation of the interim condensed consolidated
financial statements in conformity with NZ IFRS requires
management to make judgements, estimates and
assumptions that affect the application of accounting
policies and the reported amounts of assets, liabilities,
income and expenses. Actual results may differ from
these judgements, estimates and assumptions.
Estimates and underlying assumptions are reviewed on
an on-going basis. Revisions to accounting estimates
are recognised in the period in which the estimates are
revised and in any future periods affected.
Significant judgements, estimates, and assumptions
made by management in the preparation of these
financial statements are outlined below, or within the
financial statement notes to which they relate.
COVID-19
Management considers that COVID-19 did not have a
significant negative impact on the business operations,
financial performance, nor the financial position of the
Group for the six months ended 30 September 2021
Management has made this judgement by looking at
a range of indicators - and has not seen any material
negative impacts on the following key indicators:
• Customer churn
• Customer size
• Registrations and sign-ups for new customers
• Aged receivables
• Losses of major partnerships.
Management continues to assess any impact on the
business operations, financial performance, and financial
position of the Group. At this stage, management does
not consider there to be any significant risk to the
Group. The factors which management considered in
forming this judgement are as follows:
• PaySauce’s business operations are always ready to
operate with minimal interruption upon enactment
of our Business Continuity Plan (BCP);
• The PaySauce product is cloud-based, which
enables customers to continue to use the service
uninterrupted when they enact their BCP;
• PaySauce’s customer base predominantly consists
of businesses from New Zealand’s agricultural
primary industry, one of the least impacted sectors
in New Zealand;
• PaySauce has not seen customers request deferred
payment options, partly due to the nature of our
billing (at a point in time as the service is provided,
automatically deducted), and that the cost is
relatively small on a monthly per customer basis
compared to other business expenses;
• Payroll is the core of our service provision, and is an
essential service for New Zealand businesses.
Going concern
The interim condensed consolidated financial
statements have been prepared on a going concern
basis.
The Group made a net loss before tax of $939,222 for the
six months ended 30 September 2021 (2020: $945,975),
had equity at 30 September 2021 of $1,841,470 (31 March
2021: $2,432,664) and net current assets/(liabilities) of
$239,935 (31 March 2021: $1,410,727). The Group does not
currently generate sufficient revenues to meet operating
costs and the Group does not operate a facility of debt
to draw upon.
The Directors consider after making due enquiry and
having regard to the circumstances which they consider
reasonably likely to affect the Group for the foreseeable
future, which is not less than 12 months from the date
these financial statements are approved for issue, that
the going concern assumption is valid.
The Group’s ability to meet forecasted financial
performance will depend on the rate of growth in
revenue from customers, primarily through customer
acquisitions.
The uncertainty of meeting forecasted financial growth
creates a material uncertainty that may cast doubt on
PaySauce’s ability to continue as a going concern and

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therefore PaySauce may be unable to realise its assets
and discharge its liabilities in the normal course of
business. Notwithstanding the uncertainty in meeting
forecast growth the Directors are confident that
PaySauce remains a going concern.
5. Property, plant and equipment
Unaudited
Right-of-use
Asset (Property)
Office
Equipment
Leasehold
Improvements
Computer
EquipmentTotal
$000’s$000’s$000’s$000’s$000’s
Year ended 30 September 2021
Opening net book value30334757401
Acquisitions---22
Additions-521623
Disposals(5)---(5)
Depreciation(23)(7)(1)(21)(54)
Closing net book value27332854367
As at 30 September 2021
Cost3917511147624
Accumulated depreciation(118)(43)(3)(93)(257)
Net book value27332854367
6. Intangible assets
Unaudited
Development
in progress
Computer
Software
Customer
RelationshipsTotal
$000’s$000’s$000’s$000’s
Year ended 30 September 2021
Opening net book value213692‑905
Acquisitions-205354559
Development costs recognised as an asset10077-177
Development in progress recognised as Software----
Amortisation-(126)(24)(150)
Closing net book value3138483301,491
As at 30 September 2021
Cost3131,4593542,126
Accumulated amortisation-(611)(24)(635)
Net book value3138483301,491
Key judgements and estimates
Capitalisation of intangible assets
Management considers the time and associated salary
cost of development staff to fall under the classification
of development expenditure for assessment purposes
in accordance with the principles outlined in the
intangible assets accounting policy in note 2(h) in the
audited consolidated financial statements for the Group
for the year ended 31 March 2021. No weighting of
overheads is applied in these calculations.
Accounting for finite life intangible assets
At each reporting date, the useful lives and residual
values of finite life intangible assets are reviewed for
indicators of impairment. As at 30 September 2021,
the assets were assessed for impairment, taking into
account the condition of the assets, expected period
of use of the assets by the Group, and expected
disposal proceeds from any future sale of the assets.
Management assessed that there were no indicators of
impairment.
New assets acquired during the period were assessed by
management as having useful lives as follows:
• Acquired customer relationships - 5 years.
• Acquired software - 5 years.
Development in progress has been tested for
impairment by reviewing the nature of the events
that originally gave rise to the recognition of the asset,
the estimation of future generation of cash flows and
any anticipated changes to the business or product
circumstances. Management concluded that there was
no impairment of this asset as at 30 September 2021.

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7. Share capital
DateDetailsNotesNumber of Shares$000’s
Unaudited
1 April 2020Opening Balance131,341,12110,774
Rights issuei3,430,2451,153
Rights issueii1,647,237550
30 September 2020Closing Balance136,418,60312,478
Unaudited
1 April 2021Opening Balance137,026,27812,652
Issue of ordinary shares - SmoothPay
acquisition
iii1,416,164348
30 September 2021Closing Balance138,442,44213,000
i. On 30 April 2020: PaySauce completed the
second allotment of shares under its rights issue
shortfall. The allotment on 30 April 2020 resulted
in 3,430,245 shares being issued at a price of $0.34
per share, a net raise of $1.153 million after directly
attributable costs.
ii. On 15 May 2020: PaySauce completed the final
allotment of shares under its rights issue shortfall.
The allotment on 15 May 2020 resulted in 1,647,237
shares being issued at a price of $0.34 per share, a
net raise of $0.550 million after directly attributable
costs. This completed the fully subscribed rights
issue.
iii. On 31 May 2021: PaySauce acquired the business
and assets of SmoothPay Limited. PaySauce issued
1,416,164 ordinary shares as consideration for the
purchase, issued at a price of $0.2648 per share,
totalling a purchase price of $0.375 million. Directly
attributable costs totalled $0.027 million, bringing
the net share issue to $0.348 million.
All ordinary shares have no par value. They have equal
voting rights and share equally in dividends and surplus
on liquidation.
Dividends
No dividends were declared or paid during the
reporting period (Sept 2020: None).
Capital Risk Management
The Group considers its capital to comprise its ordinary
share capital, accumulated retained earnings.
When managing capital, management’s objective
is to achieve optimal long term capital returns to
shareholders and benefits for other stakeholders.
Management also aims to maintain a capital structure
that ensures the lowest cost of capital available to the
Group.
8. Earnings / (loss) per share
There are no financial instruments on issue that will
dilute the basic earnings per share amounts for the six
months ended 30 September 2021.
Basic earnings per share is calculated by dividing
the profit / (loss) attributable to equity holders of the
Company by the weighted average number of ordinary
shares on issue during the period.
Sep 2021Sep 2020
UnauditedUnaudited
Basic earnings per share
Net loss used in calculating earnings per share ($000’s)(939)(946)
Weighted average number of ordinary shares for basic earnings per share137,970,387135,451,209
Basic loss per share (cents)(0.71)(0.70)
9. Operating revenue
Sep 2021Sep 2020
UnauditedUnaudited
$000’s$000’s
Revenue from contracts with customers1,372876
Revenue from other sources73133
Total operating revenue1,4451,009
10. Employee expenses
Sep 2021Sep 2020
UnauditedUnaudited
$000’s$000’s
Salaries1,4091,248
Staff medical insurance97
Fringe benefit tax1721
Total employee expenses1,4351,276

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Interim Report FY2022
11. Research & Development expenditure
Sep 2021Sep 2020
UnauditedUnaudited
$000’s$000’s
Research & development costs expensed
(included in note 10 - Employee Expenses under Salaries)
255189
Total research & development expenditure255189
12. Other expenses
13. Finance costs
Sep 2021Sep 2020
UnauditedUnaudited
$000’s$000’s
Administration and Management Services10173
Advertising, PR and Marketing12260
Audit Fees3029
Hosting Expenses6040
Legal, Consulting and Accounting3235
Office Running and Rent2617
Other Overheads318277
Travel5015
Total other expenses739546
Sep 2021Sep 2020
UnauditedUnaudited
$000’s$000’s
Interest Paid-2
Finance Cost - Interest on Lease1416
Total finance costs1418
14. Key management personnel and related parties
Key management personnel compensation
Key management personnel are defined as those
persons having authority and responsibility for planning,
directing and controlling the activities of the Group,
directly or indirectly and include the Directors, the
Chief Executive Officer and the Executive Leadership
Team.
The table below summarises remuneration paid to key
management personnel.
Sep 2021Sep 2020
UnauditedUnaudited
$000’s$000’s
Directors’ fees9551
Short term employee benefits392404
Total key management personnel compensation487455
Related party transactions and balances
A number of key management personnel, or their
related parties, hold positions in other entities that result
in them having control or significant influence over
the financial or operating policies of those entities. A
number of those entities subscribe to services provided
by the Group. None of the related party transactions are
significant to either party, and are completed on arm’s
length terms. Outside of these transactions, and the
Directors’ fees and short term employee benefits noted
above, all other related party transactions are outlined
below:
Sep 2021Sep 2020
UnauditedUnaudited
Related party transactions during the period$000’s$000’s
Consulting services supplied by entities controlled by related parties
Catalyst.Net Limited6-
Cloud hosting services supplied by entities controlled by related parties
Catalyst Cloud Limited5240

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Interim Report FY2022
15. Tax expense
The Group holds tax losses of $7.291 million as at
31 March 2021, available to carry forward, but not
recognised in the interim consolidated financial
statements. These are subject to shareholder continuity
being maintained.
Sep 2021Mar 2021
UnauditedAudited
Related party balances payable at period end$000’s$000’s
Directors’ Fees173
Cloud Hosting Services116
16. Reconciliation of net loss after tax to net cash flows from
operations
Sep 2021Sep 2020
UnauditedUnaudited
$000’s$000’s
Net Loss after taxation(939)(946)
Add back non-cash & non-operating items:
Depreciation & amortisation203115
Loss on disposal of fixed assets-2
Other non-cash items(52)-
(788)(829)
Movement in working capital:
(Increase)/decrease in Trade and other receivables(40)127
(Increase)/decrease in Prepayments and other assets(51)13
Increase in Funds due to customers and IRD2,7933,508
Increase/(decrease) in Trade and other payables83(80)
Increase in Employee benefits47149
Increase/(decrease) in Other liabilities41(28)
Net cash inflow from operating activities2,0852,860
17. Segment reporting
The Group is organised into one reportable operating
segment only, being SaaS based employment and
payment solutions to small and medium-sized New
Zealand businesses. As well as the core payroll solution
(with fully automated banking, accounting and pay-
day filing) the Group provides digital employment
contracts, rosters, timesheets and earned wage access
for employees - accessible via smartphone. The chief
operating decision maker has been identified as
the Board of Directors, as it makes all key strategic
resource allocation decisions (such as those concerning
acquisition, divestment and significant capital
expenditure).
The group had a single operating segment as at 30
September 2021. The Group’s chief operating decision
maker has determined that, based on the information
they use for the purposes of allocating resources and
assessing performance, the Group itself continues to
form a single operating segment after the acquisition
of SmoothPay. The segment result is reflected in the
financial statements.
18. Funds due to customers and
IRD
As a PAYE intermediary, PaySauce collects funds from
clients which are payable to both clients’ employees
(as the employees’ net wages and salaries) and the IRD
(as the applicable PAYE, student loan and other IRD
liabilities). These funds are included in PaySauce’s cash
and deposit balances and in accordance with section
RP6 of the Income Tax Act 2007, PaySauce can earn
interest on these funds, but the funds must only be
used as follows:
• Payment of net salary or wages to employees of
PaySauce’s clients.
• Payment of IRD obligations resulting from pays
run on PaySauce software to the IRD, including
PAYE deductions, student loan deductions,
superannuation contributions and any other
amount of tax withheld from a payment of salary or
wages to IRD.
Under the financial reporting standards movements
in these funds do not meet the definition of either
investing or financing activities and so must be classified
as operating cash flows. However as stated above the
use of these funds is restricted and they cannot be used
to cover other PaySauce expenses, the company has
therefore presented operating cash flows in the Cash
Flow Statement as both before and after this movement
in funds.

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Interim Report FY2022
19. Business combinations
Business combinations are accounted for using the
acquisition method. The acquisition method involves
recognising at acquisition date the identifiable
assets acquired, the liabilities assumed and any non-
controlling interest, separate from Goodwill. The cost
of an acquisition is measured as the aggregate of
the consideration transferred, which is measured at
acquisition date fair value.
The Group acquired the business and assets of
SmoothPay Limited on 31 May 2021. SmoothPay
provides cloud-based payroll software as a service
solutions to New Zealand, Australia and the Pacific
Islands. The acquisition was undertaken to align with
PaySauce’s strategic objective of accelerating customer
growth - expanding the group’s market share in New
Zealand, and now to overseas markets.
The consideration and identifiable net assets in the
acquisition are measured at fair value. As the transaction
was a purchase of business assets and liabilities rather
20. Events occurring after the
reporting period
No adjusting or significant non-adjusting events have
occurred between the reporting date and the date of
authorisation.
This allocation is currently provisional and will be
finalised by year end 31 March 2022.
than equity, there was no non-controlling interest to
consider. The fair value of the purchase consideration
of SmoothPay was $0.375 million. This consisted of
PaySauce (NZX:PYS) ordinary shares issued at a value of
$0.375 million. The volume of the 1,416,164 shares issued
was based on the 20-day volume weighted average
share price of PaySauce preceding the transaction date,
$0.2648 per share. The difference between the fair value
of the consideration and the fair value of the net assets
acquired was not material, therefore no Goodwill has
been recognised.
The acquisition related costs consisted of legal,
consulting, and share issue costs totalling $0.027 million
which were offset against the share capital issued,
reducing the net increase in share capital to $0.348
million.
The acquisition accounting has resulted in the following
purchase price allocations:
31 May 2021
Unaudited
$000’s
Purchase price allocations
Tangible assets acquired2
Liabilities assumed(186)
Intangible Assets - Software Development205
Intangible Assets - Customer Relationships354
Net assets acquired375
Purchase consideration
Ordinary shares issued375
Total consideration transferred375

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Interim Report FY2022
Directors:
Asantha Wijeyeratne
Gavin Thompson
Jacqueline Cheyne
Michael O’Donnell
Registered Office:
21-23 Andrew Avenue
Lower Hutt, 5010
New Zealand
Website:
www.paysauce.com
Auditor:
Grant Thornton New Zealand Audit Limited
Stock Exchange:
NZX
Share Registrar:
Link Market Services Limited
80 Queen Street
Auckland, 1010
New Zealand
NZ Company Number:
1719868
NZBN:
9429034458099
address-book
Directory



---

Results announcement
(for Equity Security issuer/Equity and Debt Security issuer)
Updated as at 17 October 2019


Results for announcement to the market
Name of issuer PaySauce Limited
Reporting Period 6 months to 30 September 2021
Previous Reporting Period 12 months to 31 March 2021
Currency New Zealand Dollar
Amount (000s) Percentage change
Revenue from continuing
operations
$1,445 Up 43%
Total Revenue $1,445 Up 43%
Net profit/(loss) from
continuing operations
($939) Loss down 1%
Total net profit/(loss) ($939) Loss down 1%
Interim/Final Dividend
Amount per Quoted Equity
Security
it is not proposed to pay dividends
Imputed amount per Quoted
Equity Security
Not Applicable
Record Date Not Applicable
Dividend Payment Date Not Applicable
Current period Prior comparable period
Net tangible assets per
Quoted Equity Security
$ 0.00253266 $ 0.01115211
A brief explanation of any of
the figures above necessary
to enable the figures to be
understood
PaySauce Limited has no operational activity, and as a result
this announcement is based on the consolidated operations of
its wholly owned subsidiaries PaySauce Operations Limited and
Right Remunerations Limited (together, ‘the Group’ or
‘PaySauce’). Please refer to the comments above, and the
Interim Report and Financial Statements.
Authority for this announcement
Name of person

authorised
to make this announcement
Jaime Monaghan
Contact person for this
announcement
Jaime Monaghan
Contact phone number 0225246366
Contact email address
investor@paysauce.com

Date of release through MAP

24/11/2021

Unaudited financial statements accompany this announcement.