Interim report
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Current reporting period : Half - year ended 31 December 2020 Previous reporting period : Half - year ended 31 December 2019 re - stated Revenue from ordinary activities Loss from ordinary activities after tax attributable to members Net loss for the period attributable to members Net tangible assets per ordinary share Basic net tangible assets per ordinary share¹ Basic net assets per ordinary share Appendix 4D Omni Bridgeway Limited ( " OBL " or " the Company " ) ABN 45 067 298 088 JPV I LP . Dividends The Directors have determined not to pay a dividend for the period ended 31 December 2020 to equity holders of the parent company . On 24 August 2020 the Directors declared a final fully franked dividend of 4.00 cents per share for the 2020 financial year , totalling $ 9,955,000 . The record date for this dividend was 2 September 2020 and the payment date was 25 September 2020. Shareholders were able to elect to participate in the dividend reinvestment plan in relation to this dividend . OMNI BRIDGEWAY Half - Year ended 31 December 2020 The Directors have determined they will consider , and where appropriate , implement , a regular semi - annual dividend which reflects the cash position and performance of the Company at the time of the dividend and the likely demand for cash over the ensuing 12 month period . The Company has put in place a dividend reinvestment plan and , on appropriate occasions , will arrange underwriting to reduce the impact a particular divi d might otherwise have on cash . ¹ Net tangible assets excludes intangible assets - litigation contracts in progress , goodwill , claims portfolio , contract assets and right - of - use assets . Entities over which control was gained or lost during the period The Company did not gain and lose control over any entities during the period . The Company has established following entity during the period : Results for announcement to the market Joint ventures and associates The Company has the following joint ventures and associates during the period : Smitete Foreign operations In compiling this report International Financial Reporting Standards have been used as the basis of preparation for all foreign operations . Stuart Mitchell Chief Financial Officer Up / Down Down Down Down Audit opinion The audit opinion of the Company's auditors , Ernst & Young , is attached to the financial statements . Date : 25 February 2021 Percentage Change ( 51 % ) ( 100 % ) ( 100 % ) 31 - Dec - 20 $ 0.18 2.48 $ ' 000s 5,352 ( 69,893 ) ( 69,893 ) Country of Establishment USA 30 - Jun - 20 $ 0.17 3.07 OB Capital Coop U.A. During the period , TCF a joint venture of the Group was wound down and deregistered . Also during the period , Flight Refund Company Gmbh an associate to the Group was disposed - off . Both entities had immaterial balances to the Group at the time of disposal . S Percentage Owned At 31 - Dec - 20 20 % Explanation of results The attached Financial Report for the half - year ended 31 December 2020 forms part of this document . This interim financial report is to be read in conjunction with the most recent annual financial report . A copy of the 2020 annual financial report and other documents are available on the website at www.omnibridgeway.com or on the ASX website at www.asx.com.au. Percentage Owned At Country of Incorporation 31 - Dec - 20 Netherlands 5 % Page 1