Preliminary Announcement – Year Ended 31 March 2022

SOUTHERN CHARTER FINANCIAL GROUP LIMITED
1


30 May 2022

NZX Market Announcement: Southern Charter Financial Group (NZX: SNC)

Preliminary Full Year Announcement to the Market
Unaudited result for the year ended 31 March 2022

The Board of Southern Charter Financial Group Limited (NZX: SNC) has today announced the financial
results of the company for the twelve months ended 31 March 2022.

Full year results announcement for the twelve months ended 31 March 2022

Results for announcement to the market
Name of issuer Southern Charter Financial Group Limited (NZX: SNC)
Reporting Period 12 months to 31 March 2022
Previous Reporting Period 12 months to 31 March 2021
Currency NZD
Amount (000s) Percentage change
Revenue from continuing
operations
$0 0%
Total Revenue $0 0%
Net profit/(loss) from
continuing operations
$(165) (40%)
Total net profit/(loss) $(165) (40%)
Interim/Final Dividend
Amount per Quoted Equity
Security
The company does not propose to pay a dividend at this time.
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
$0.004 $0.004

SOUTHERN CHARTER FINANCIAL GROUP LIMITED
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A brief explanation of any of
the figures above necessary to
enable the figures to be
understood
Included with this report is the commentary from the Directors and
financial statements for the year ended 31 March 2022.
The financial statements are in the process of being audited.
Authority for this announcement
Name of person authorised to
make this announcement
John Cilliers
Contact person for this
announcement
John Cilliers
Contact phone number +6 27 242 8485
Contact email address john.cilliers@outlook.co.nz
Date of release through MAP 31 May 2021

SOUTHERN CHARTER FINANCIAL GROUP LIMITED
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Southern Charter Financial Group Preliminary Full Year Result for the Year Ended 31 March
2022.

The Directors of Southern Charter Financial Group Limited (“the Company”) are pleased to report its
financial results for the year ended 31 March 2022.

Financial Results
The Company reported a net loss attributable to shareholders of $164,650 for the year. This
compares with a net loss attributable to shareholders of $117,616 for the previous year.

The financial results consisted mainly of expenditure relating to the maintenance of the listed
company and interest earned on short term cash deposits, as well as activities related to work
undertaken on evaluation of suitable businesses for acquisition.

Future Growth Strategy
The Company remains in a position with a strong balance sheet which includes significant cash
resources. The focus of the Board remains on identifying a suitable business opportunity to invest in
and/or acquire. A number of potential initiatives were investigated during the year that were not
suitable to progress. New opportunities are being investigated as they are identified or become
available. The Company will provide the market with any updates as to material developments in
due course.

On behalf of the Directors of Southern Charter Financial Group the Company extends its thanks to
the shareholders for their support of the Company.

SOUTHERN CHARTER FINANCIAL GROUP LIMITED
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Preliminary Statement of Comprehensive Income
For the year ended 31 March 2022
UnauditedAudited
YearYear
20222021
$$
Interest Income11,264 25,256
Administrative expenses(175,914) (142,872)
Loss before income tax(164,650) (117,616)
Income tax expense- -
Net loss(164,650) (117,616)
Other comprehensive income- -
(164,650) (117,616)
Total comprehensive income

SOUTHERN CHARTER FINANCIAL GROUP LIMITED
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Preliminary Statement of Financial Position
As at 31 March 2022
UnauditedAudited
YearYear
20222021
$$
Assets
Current assets
Cash and cash equivalents21,749 111,341
Term Deposit1,980,000 2,009,556
Interest receivable2,821 1,264
GST receivable8,048 5,659
Income tax receivable (RWT)2,718 6,718
2,015,336 2,134,538
Non-current assets
NZX Deposit20,000 20,000
20,000 20,000
Total assets2,035,336 2,154,538
Equity and liabilities
Current liabilities
Trade and other payables128,889 83,441
GST payable- -
Total liabilities128,889 83,441
Equity
Issued capital5,672,856 5,672,856
Accumulated loss(3,766,409) (3,601,759)
Total equity1,906,447 2,071,097
Total equity and liabilities2,035,336 2,154,538

SOUTHERN CHARTER FINANCIAL GROUP LIMITED
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Preliminary Statement of Changes in Equity
For the year ended 31 March 2022
Issued
capital
Accumulated
Loss
Total equity
$$$
As at 1 April 20215,672,856 (3,601,759) 2,071,097
Loss for the period- (164,650) (164,650)
Total comprehensive income- (164,650) (164,650)
At 31 March 20225,672,856 (3,766,409) 1,906,447
As at 1 April 20205,672,856 (3,484,143) 2,188,713
Loss for the period- (117,616) (117,616)
Total comprehensive income- (117,616) (117,616)
At 31 March 20215,672,856 (3,601,759) 2,071,097
Unaudited

SOUTHERN CHARTER FINANCIAL GROUP LIMITED
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Preliminary Statement of Cash Flows
For the year ended 31 March 2022
UnauditedAudited
YearYear
20222021
$$
Operating activities
9,707 23,992
Payments to suppliers(132,855) (156,241)
Income tax paid(2,718) (6,718)
Income tax refund received6,718 15,367
Net cash flows from operating activities(119,148) (123,600)
Investing activities
29,556 (2,009,556)
Net cash flows from investing activities29,556 (2,009,556)
Net increase / (decrease) in cash and cash equivalents(89,592) (2,133,156)
Cash and cash equivalents at beginning of year111,341 2,244,497
Cash and cash equivalents at end of year21,749 111,341
Interest received
Cash and cash equivalents transferred to term deposits