Annual Statements for The IQ Group Global Ltd (IQG)
| 30-Jun 2021 |
30-Jun 2020 |
30-Jun 2019 |
30-Jun 2018 |
30-Jun 2017 |
30-Jun 2016 |
30-Jun 2015 |
30-Jun 2014 |
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| AUD | AUD | AUD | AUD | AUD | AUD | AUD | AUD | |
| REVENUE | ||||||||
| Revenue from activities/operations | 12,770,039 | 15,448,802 | 12,604,042 | 4,729,026 | 4,670,912 | 2,762,073 | 775,646 | |
| Interest Received | 81,005 | 238 | 549 | 1,812 | 7,200 | 57 | 1,625 | |
| Grants | 2,946,797 | 380,000 | ||||||
| Other Revenue | 3,017,882 | 469,277 | 315,963 | 111,607 | 813,484 | |||
| Total Revenue | 18,815,723 | 16,298,317 | 12,920,554 | 4,730,838 | 4,789,719 | 2,762,073 | 775,703 | 815,109 |
| Cost of sales | ||||||||
| Cost of sales | 10,468,207 | 11,842,380 | 9,116,142 | 4,723,175 | 3,837,759 | 2,670,861 | ||
| Total Cost of Sales | 10,468,207 | 11,842,380 | 9,116,142 | 4,723,175 | 3,837,759 | 2,670,861 | ||
| Gross Profit | 2,301,832 | 4,455,937 | 3,804,412 | 7,663 | 951,960 | 91,212 | 775,703 | 815,109 |
| EXPENSES | ||||||||
| Employee Benefits Expense | (8,590,152) | (9,135,506) | (7,071,090) | (4,958,564) | (3,871,647) | (2,965,529) | (2,272,889) | (1,213,581) |
| Depreciation | (886,521) | (794,338) | (103,180) | (136,122) | (151,095) | (92,668) | (52,894) | (24,560) |
| Amortisation and impairments | (26,970,583) | (2,036,255) | ||||||
| Consultancy fees | (512,499) | (2,687,143) | ||||||
| Listing Fees | (178,665) | (126,867) | (105,319) | |||||
| Occupancy/Property Expenses | (2,584,653) | (1,775,081) | (1,738,834) | (880,242) | (980,036) | (915,461) | (133,586) | |
| Financing costs | (4,943,728) | (3,636,699) | (1,073,273) | (268,037) | (1,141,188) | (550,431) | (267,917) | |
| Gain Loss on disposal of Subsidiary | 55,490,990 | |||||||
| Share of Net profit/loss of associates | (12,573) | (98,222) | (101,827) | (115,919) | ||||
| Other Expenses | (12,022,371) | (5,775,199) | (6,927,909) | (8,063,129) | (4,991,057) | (2,718,234) | (1,508,492) | (788,178) |
| Total Expenses | 1,565,136 | (26,662,366) | (17,048,755) | (15,266,513) | (11,151,148) | (7,485,563) | (5,144,520) | (2,265,224) |
| PROFIT / (LOSS) | ||||||||
| Profit/Loss before income tax | 7,014,976 | (22,206,429) | (13,244,343) | (15,258,850) | (10,199,188) | (7,394,351) | (4,368,817) | (1,450,116) |
| Income tax/benefit expense | (23,032) | (1,233,364) | 412,604 | 318,182 | ||||
| Profit/Loss after income tax | 7,014,976 | (22,229,461) | (14,477,707) | (14,846,246) | (9,881,006) | (7,394,351) | (4,368,817) | (1,450,116) |
| Profit/Loss attributable to non-controlling equity interest | (645,057) | (780,632) | ||||||
| Profit/Loss attributable to members of parent | (9,235,949) | (6,613,719) | ||||||
| Foreign Exchange Gain/(Loss) on Translation of Foreign Ops | 45,413 | 41,621 | (843,612) | |||||
| Total Comprehensive Income | 7,060,389 | (22,187,840) | (15,321,319) | (14,846,246) | (9,881,006) | (7,394,351) | (4,368,817) | (1,450,116) |
| Non-controlling interest | 4,440,735 | (2,933,481) | (2,285,431) | (1,671,594) | ||||
| Members of parent entity | 2,619,654 | (19,254,359) | (13,035,888) | (13,174,652) | ||||
| Total Profit/Loss | 7,060,389 | (22,187,840) | (15,321,319) | (14,846,246) | ||||
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash and Cash Equivalents | 1,102,954 | 1,737,710 | 503,603 | 1,422,636 | 298,937 | 2,159,311 | 2,492,118 | 691,417 |
| Trade and Other Receivables | 12,009,886 | 9,352,430 | 4,255,676 | 1,076,927 | 594,443 | 1,581,721 | 603,716 | 70,889 |
| Financial Assets | 916 | 141,316 | ||||||
| Prepayments | 263,400 | 103,206 | 174,404 | 530,797 | 116,637 | |||
| Deferred Tax Assets | 412,604 | |||||||
| Total Current Assets | 13,376,240 | 11,193,346 | 4,933,683 | 3,442,964 | 1,010,017 | 3,741,948 | 3,095,834 | 903,622 |
| Non-Current Assets | ||||||||
| Trade and other receivables | 63,278 | 62,870 | ||||||
| Property, Plant and Equipment | 146,165 | 224,749 | 283,217 | 210,958 | 625,149 | 662,065 | 369,830 | 287,734 |
| Financial Assets | 95,770 | |||||||
| Assets held for sale | 1,777,936 | |||||||
| Deferred Tax Assets | 1,233,364 | 1,233,364 | 877,275 | 877,275 | 877,275 | |||
| Investments in Associates | 30,685,517 | 523,465 | 440,697 | 456,119 | 440,226 | 538,000 | ||
| Intangible Assets | 1,426,738 | 1,563,965 | 3,754,452 | 4,451,068 | 4,257,740 | 1,891 | 2,454 | |
| Other Non-Current Assets | 1,804,522 | 2,481,214 | 101,582 | 59,760 | ||||
| Total Non-Current Assets | 35,936,648 | 4,793,393 | 4,579,948 | 6,351,509 | 6,556,479 | 2,142,509 | 1,312,429 | 1,224,769 |
| Total Assets | 49,312,888 | 15,986,739 | 9,513,631 | 9,794,473 | 7,566,496 | 5,884,457 | 4,408,263 | 2,128,391 |
| LIABILITIES | ||||||||
| Current Liabilities | ||||||||
| Trade and other payables | 21,114,279 | 12,091,026 | 7,066,597 | 3,806,121 | 3,415,617 | 1,704,073 | 794,013 | 374,368 |
| Other payables | 131,055 | 382,826 | 292,124 | 233,003 | 54,980 | 149,579 | ||
| Provisions | 27,049 | 31,582 | ||||||
| Deferred tax liabilities | 35,718 | 35,718 | 35,718 | |||||
| Financial Liabilities | 1,796,397 | 1,238,349 | 1,238,349 | 884,788 | ||||
| Borrowings | 20,856,429 | 11,572,143 | 5,603,440 | 5,670,097 | 5,853,688 | 5,421,844 | 4,056,927 | |
| Employee Benefits | 1,245,543 | 1,851,639 | 1,009,146 | 910,954 | 850,545 | |||
| Other Current liabilities | 671,350 | |||||||
| Total Current Liabilities | 43,887,601 | 27,442,260 | 15,336,076 | 11,953,363 | 11,300,408 | 7,180,897 | 5,000,519 | 405,951 |
| Non-Current Liabilities | ||||||||
| Borrowings | 2,315,433 | 11,162,056 | 876,418 | 4,954,814 | 460,066 | |||
| Employee Benefits | 319,566 | 189,709 | 108,734 | 83,533 | 49,489 | |||
| Trade and other payables | 3,779,385 | |||||||
| Other Non-Current Liabilities | 1,369,841 | 2,017,009 | ||||||
| Total Non-Current Liabilities | 7,784,225 | 13,368,774 | 985,152 | 83,533 | 5,004,303 | 460,066 | ||
| Total Liabilities | 51,671,826 | 40,811,034 | 16,321,228 | 12,036,896 | 16,304,711 | 7,180,897 | 5,000,519 | 866,017 |
| NET ASSETS | (2,358,938) | (24,824,295) | (6,807,597) | (2,242,423) | (8,738,215) | (1,296,440) | (592,256) | 1,262,374 |
| EQUITY | ||||||||
| Issued Capital | 18,251,255 | 41,359,943 | 38,880,053 | 25,275,757 | 11,491,837 | 12,077,138 | 4,697,661 | 4,255,239 |
| Reserves | 540,621 | 640,949 | 232,937 | 7,020,175 | 1,778,410 | 142,605 | 24,765 | 24,765 |
| Convertible notes | 510,245 | 1,400,000 | ||||||
| Non-controlling interest | 4,600,782 | (47,774) | 1,580,510 | 770,787 | 126,029 | 1,296,250 | ||
| Retained Earnings | (25,751,596) | (66,777,413) | (47,501,097) | (35,309,143) | (22,134,491) | (14,567,421) | (8,010,932) | (3,017,629) |
| Total Equity | (2,358,938) | (24,824,295) | (6,807,597) | (2,242,423) | (8,738,215) | (1,837,433) | (592,256) | 1,262,374 |
| CASH FLOW | ||||||||
| Net Cash provided by (used in) operating activities | 2,274,016 | (15,727,415) | (9,806,952) | (14,382,138) | (6,465,616) | (6,811,337) | (3,867,805) | (1,341,267) |
| Net Cash provided by (used in) investing activities | (3,713,298) | (534,979) | 653,020 | (325,619) | (2,956,598) | (922,340) | (137,391) | (180,835) |
| Net Cash provided by (used in) financing activities | 804,526 | 17,090,023 | 8,234,947 | 15,831,455 | 7,561,840 | 7,400,870 | 5,805,897 | 857,500 |
| Net Increase (decrease) in cash held | (634,756) | 827,629 | (918,985) | 1,123,699 | (1,860,374) | (332,807) | 1,800,701 | (664,602) |
| Foreign Exchange Gain/Loss | 150 | (48) | ||||||
| Cash at the beginning of the period | 1,331,382 | 503,603 | 1,422,636 | 298,937 | 2,159,311 | 2,492,118 | 691,417 | 1,356,019 |
| Cash at the end of the period | 696,626 | 1,331,382 | 503,603 | 1,422,636 | 298,937 | 2,159,311 | 2,492,118 | 691,417 |