IMF Bentham Limited Annual Report 2018

Contents Highlights ....................................................................... 2 Track Record of Success ............................................... 3 Chairman’s and Managing Director’s Report.................. 4 Directors’ Report.......................................................... 35 Auditor’s Independence Declaration ............................ 61 Statement of Comprehensive Income .......................... 62 Statement of Financial Position .................................... 63 Statement of Cash Flows ............................................. 64 Statement of Changes in Equity................................... 65 Notes to the Financial Statements................................ 66 About this Report......................................................... 66 Significant Accounting Judgments, Estimates and Assumptions......................................... 68 A. RESULTS FOR THE YEAR 69 Note 1: Segment information .................................... 69 Note 2: Revenue ....................................................... 72 Note 3: Other income .............................................. 72 Note 4: Expenses ..................................................... 73 Note 5: Income tax ................................................... 74 Note 6: Earnings per share ....................................... 76 Note 7: Dividends paid and proposed ..................... 78 Note 8: Statement of cash flows reconciliation ......... 79 B. INTANGIBLE ASSETS 80 Note 9: Intangible assets .......................................... 80 C. CAPITAL STRUCTURE 82 Note 10: Financial risk management objective and policies.................................................. 82 Note 11: Cash and cash equivalents .......................... 86 Note 12: Debt Securities............................................. 86 Note 13: Contributed equity........................................ 87 Note 14: Retained earnings and reserves................... 88 D. WORKING CAPITAL, OTHER ASSETS AND OTHER LIABILITIES 89 Note 15: Trade and other receivables ........................ 89 Note 16: Other assets................................................. 90 Note 17: Plant and equipment .................................... 90 Note 18: Trade and other payables............................. 92 Note 19: Provisions..................................................... 92 Note 20: Commitments and contingencies................. 94 E. THE GROUP, MANAGEMENT AND RELATED PARTIES 95 Note 21: Key management personnel......................... 95 Note 22: Share-based payment plan .......................... 96 Note 23: Parent entity information ............................. 98 Note 24: Material partly-owned subsidiaries .............. 99 Note 25: Discontinued operations ............................ 101 Note 26: Related party disclosure............................. 101 Note 27: Auditor’s remuneration ............................... 101 Note 28: Events after the reporting date ................... 101 Directors’ Declaration................................................. 102 Independent Auditor’s Report .................................... 103 Shareholder Information............................................. 109 Corporate Information ................................................ 112 Overview Financial Report Shareholder Information 1 Directors’ Report IMF Bentham Limited Annual Report 2018