Simavita Limited Annual Report 2020

Annual Report 2020 23 Share Capital $ Reserves $ Accumulated Losses $ Totals $ Balance at July 1, 2018 66,243,056 1,811,130 (69,819,942) (1,765,756) Net Loss for the year – – (3,934,216) (3,934,216) Other comprehensive income, net of tax – 1,861 – 1,861 Total comprehensive loss for the year – 1,861 (3,934,216) (3,932,355) Transactions with owners Issue of common shares for cash 2,155,000 – – 2,155,000 Issue of common shares from conversion of convertible notes 1,441,808 – – 1,441,808 Movements in share-based payments reserve – 56,700 – 56,700 Reversal of lapsed options vested not exercised – (367,383) 367,383 – Equity transaction costs (110,183) – – (110,183) Total transactions with owners 3,486,625 (310,683) 367,383 3,543,325 Balance at June 30, 2019 69,729,681 1,502,308 (73,386,775) (2,154,786) Balance at July 1, 2019 69,729,681 1,502,308 (73,386,775) (2,154,786) Net Loss for the year – – (4,066,402) (4,066,402) Other comprehensive income, net of tax – (277) – (277) Total comprehensive loss for the year – (277) (4,066,402) (4,066,679) Transactions with owners Issue of common shares for cash 2,920,000 – – 2,920,000 Issue of common shares from conversion of convertible notes – – – – Movement in share-based payments reserve – 24,000 – 24,000 Adjustment for adoption of AASB 16 - Leases – – 266 266 Reversal of lapsed options vested not exercised – (14,026) 14,026 – Equity transaction costs (14,295) – – (14,295) Total transactions with owners 2,905,705 9,974 14,292 2,929,971 Balance at June 30, 2020 72,635,386 1,512,005 (77,438,885) (3,291,494) The accompanying notes form an integral part of these consolidated financial statements Consolidated Statement of Changes in Equity for the year ended June 30, 2020

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